By Samindra Kunti
October 18 – Construction consortium Ghemlanco has proposed a new design and extra funding for the Eurostadium in Brussels in a last-minute effort to push ahead with the controversial project for the 2020 European Championships. UEFA has given a deadline for clarity on the stadium build of November 20.
October 18 – Tifosy, the sports crowdfunding platform that enables supporters to invest in clubs, has raised £1 million via crowdfunding for its own rights issue.
October 17 – Controversial Newcastle United owner Mike Ashley (pictured) has put the Premier League club up for sale after a decade-long reign in charge of the iconic English team whose 52,000 capacity stadium is close to full most weeks courtesy of a fanatical fan base.
By Andrew Warshaw
October 13 – Arab investment in European football has become commonplace in recent years with the likes of Qatar and the United Arab Emirates taking over a number of leading clubs. But further down the pyramid, a Jordanian businessman is reaping the rewards of putting his faith in a lower-league English team.
October 9 – Ken Anderson, owner of English Championship Bolton Wanderers will sell his 94.45% stake in Burnden Leisure, the club’s holding company, for £25 million.
By Paul Nicholson
October 6 – Newcastle United have lost the first legal round of the case against brought against them by the UK tax authorities. A court has ruled that the dawn raids on the club’s office on April 26 were legally authorised and that there are grounds to suspect the club has “systematically abused” the tax system.
October 6 – UEFA’s investigation into whether Paris St Germain have broken financial fair play rules got under way this week with PSG officials summoned to UEFA’s headquarters, according to l’Equipe.
October 5 – The financial rumour mill is again buzzing with talk that Mike Ashley could at last find a buyer at a price he would accept for Premier League Newcastle United.
October 4 – English Premier League club chiefs are gathering in London today for what is being touted in some quarters as one of the most important meetings since the league’s creation in 1992.
October 4 – Despite talk of luxury taxes, salary caps and squad limits, the financial reality is that top clubs can afford the ever-inflating costs of players and staff, according to latest research from the KPMG Football Benchmark team.
October 3 – Premier League West Ham United have a new 10% shareholder after the residual holding held by Iceland’s CB Holding, who gained the shares after the collapse of Iceland’s Stramur Investment Bank in 2009, sold to US investor Tripp Smith for an undisclosed sum.
October 2 – In what other business could your value to an employer go up by over €50 million in just three months, doing exactly the same job you were doing three months earlier? And if you are to be valued at that level, and you are an asset rather than an employee, wouldn’t the smart business person cash in on that value?
October 2 – The uncertainty around AC Milan’s ownership is continuing with Li Yonghong, who only took over in April, already looking for new investors to share the burden of the debt at the loss-making club.
September 29 – Glasgow’s city council has given the greenlight for Celtic to build an £18 million hotel and museum complex around Celtic Park.