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Finance

Lyon say that any Pathe and IDG share sale won’t halt development strategy

Olympique Lyonnais badge

March 11 – Olympique Lyonnais have responded to news that Pathé and IDG are looking to sell their near 20% stakes in the club, saying that the club is “actively working to strengthen its financial structure” and that it will continue its development work both on and off the field with the build of the new arena.

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Finance

Chelsea sale on hold as Abramovich assets are frozen over his links to Putin

By Andrew Warshaw

March 10 – In what can only be described as a move of seismic proportions, the entire future of European champions Chelsea has been plunged into doubt after the club’s Russian oligarch owner Roman Abramovich was officially sanctioned by the UK government today following the Russian invasion of Ukraine.

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Finance

Barça closing €300m deal with LaLiga’s private equity partners CVC, reports

Barcelona logo

March 10 – Barcelona, who are challenging the legitimacy of LaLiga’s €1 billion venture capital deal with CVC in court, are nevertheless reportedly close to signing their own €300 million agreement with the investor.

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Finance

CFG bid €180m for control of Brazilian champions Atletico Mineiro

By Samindra Kunti

March 8 – City Football Group (CFG), owners of Manchester City and a slate of clubs around the world, is bidding to take over Brazilian champions Atletico Mineiro.

Read more …

Europe

Madrid court rules against Real Madrid and Barca’s bid to pause LaLiga Impulso funding

March 8 – The challenge by Real Madrid, FC Barcelona and Athletic Club to LaLiga Impulso, the joint venture that will see CVC Capital Partners inject about €1 billion into the league, has suffered a new blow in court.

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Finance

Benfica have the world’s most profitable academy. Chelsea top Premier League

March 7 – Portugal’s Benfica have the most profitable academy in the world having generated €379 million from the sale of players since July 2015. Real Madrid have the second most profitable youth training system. Chelsea are ranked 8th.

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Finance

Grealish deal sets seal on Villa’s financial turnaround as club consolidates in top tier

By David Owen

March 4 – Aston Villa, the West Midlands side that recently brought Philippe Coutinho back to the Premier League, has unveiled a sharply-reduced loss for the 2020-21 season when it consolidated its status as a top-tier club.

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Finance

Abramovich confirms Chelsea is for sale with price tag put at $2.5bn+

Roman Abramovich_18-05-121

By Andrew Warshaw

March 3 – Roman Abramovich, the Russian oligarch whose fortune transformed Chelsea from perennial also-rans into one of the most successful clubs in Europe, has decided to pull the plug and sell up.

Read more …

Finance

Arsenal losses double as pandemic-linked refinancing lifts borrowings from Kroenke

Arsenal badge

By David Owen

March 2 – Arsenal, the North London club striving for a return to the Champions League next season, have posted a swingeing loss for the covid-impacted 2020-21 period.

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Europe

Fire sale? Abramovich shops Chelsea to billionaire boys club

March 2 – Speculation is mounting than Chelsea’s billionaire oligarch owner Roman Abramovich may be about to sell the club in the wake of his country’s invasion of Ukraine.

Read more …

Finance

Sticky Toffee pudding – Usmanov sanctions threaten Everton finances

March 1 – The European Union (EU) has sanctioned Everton-linked and Fencing Federation (FIE) President Alisher Usmanov. He was on a list of Russian oligarchs that the block targeted as it imposed further sanctions in response to Russia’s invasion of Ukraine.

Read more …

Finance

Premier League players values are twice that of LaLiga; Haaland and Foden top ranking

February 24 – Player values have remained stagnant since the 19.6% drop in values triggered by the covid pandemic, according to updated data from the KPMG Football Benchmark team.

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Finance

Brazil’s Vasco da Gama sells $333m stake to US investor 777 Partners

February 22 – Miami-based investment firm 777 Partners have reached a deal to acquire a majority stake in Vasco da Gama, the Rio club have announced. 

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Europe

Boston Celtics owner Pagliuca buys control of Serie A’s Atalanta for estimated $450m

February 21 – After initially denying reports they were selling, Atalanta have become the latest Italian top-flight club to do a deal with American investors – this time led by Boston Celtics co-owner Stephen Pagliuca.

Read more …

Finance

Thai-controlled Leicester cut their losses – but debt jumps to £217m

By David Owen

February 18 – Leicester City, the Thai-controlled English FA Cup holders, have posted a pre-tax loss of £33.1 million for the year to end-May 2021 – about half the prior year’s level.

Read more …

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