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Finance

Forget the SPL: Rangers vs Ashley could still be the deciding battle to watch

Rangers

August 15 – The hate-hate relationship between Sports Direct owner Mike Ashley and and Rangers FC’s board is heading back to the Scottish courtrooms with Rangers claiming Sports Direct paid itself illegal dividends from Rangers Retail and suing former directors of the club for £4 million.

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Europe

China’s IDG enters France’s Ligue 1 taking a €100m piece of Lyonnias

Olympique Lyonnais badge

August 15 – The long march of Chinese money into Europe’s big leagues took a significant step into France’s Ligue 1 this weekend with Olympique Lyonnais owner OL Groupe announcing that Chinese investment fund IDG Capital Partners has agreed to take a 20% stake in the club.

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Europe

China’s ORG takes controlling stake in AJ Auxerre for €7m

AJ Auxerre_Flag_April_15

August 11 – With Chinese money having taken positions in big league Italian and English clubs, France has attracted more Chinese interest with ORG Packaging having bought a controlling 60% stake in AJ Auxerre for €7 million.

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Finance

Hull City sale talks back on with Chinese group entering the bidding

hull city

August 10 – Hull City’s sale talks appear to be back on after the Allam family owners had announced that they had put negotiations on hold while they stabilised the club for the start of the Premier League season. The negotiations now appear to be with a Chinese group rather than the US consortium they were in talks with.

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Finance

Man Utd break records with £89m for Pogba. City fork out £47.5m for Stones

August 9 – World football’s record transfer fee has been smashed again after Paul Pogba’s return to Manchester United finally went through when the French international midfielder signed a five-year contract with the option to extend for a further year.

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Europe

Berlusconi sells AC Milan to Chinese investors for €740m

Silvio Berlusconi_-_AC_Milan_30_March

August 8 – After 30 years in charge, Silvio Berlusconi has agreed to sell Serie A giant AC Milan to a group of Chinese investors for €740 million, a price that includes about €220 million of debt.

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Finance

Chinese money debuts in Premier League with Guochuan Lai taking over West Brom

August 5 – West Bromwich Albion are the latest English side to fall into the hands of ambitious Chinese owners following the acquisitions of neighbouring Midlands clubs Aston Villa and Wolverhampton Wanderers.

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Europe

‘Sack race’ data shows clubs should not jump into firing manager mid-season

August 4 – With the European season set to start over the next three weeks across the Big Five markets, a raft of new managers will be looking to bring early success to their new clubs and avoid the mid-season managerial change threat.

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Finance

Premier League transfer spend hits £475m in July with Pogba deal to come

Transfer money record

August 4 – Premier League clubs have spent £475 million in the month since the summer transfer window opened on 1 July, according to business analysts Deloitte, slightly down on the £515 million outlay  at the same stage last year.

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Europe

Leeds United become latest Championship target for China’s big money players

Leeds United

By Paul Nicholson

July 29 – Chinese investors are reportedly circling around a third English Championship club. Leeds United, like Aston Villa and Wolverhampton Wanderers that are both under new Chinese ownership, are considered a ‘sleeping giant’ waiting to return to their glory years. Chinese money could provide the boost they need to achieve this.

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Finance

China’s Fosun moves into England club ownership buying Wolves for £45m

July 22 – Wolverhampton Wanderers, one of the most evocative names in English football but for several seasons in the second tier of the domestic game, are the latest club to fall into the ambitious hands of Chinese ownership following the announcement they have been bought by Fosun International.

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Finance

US investors complete £100m buy into Swansea City

Swansea fans

22 July – American owners of British football clubs have not always proved ideal bedfellows but Swansea City will hope for a different outcome after an American consortium completed the purchase of a controlling stake in the Premier League team.

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Finance

Hull City put sale talks on hold as Bruce builds his team

Hull Tiger

July 21 – Premier League club Hull City, promoted back into the top tier after a year in the Championship, will be sold, but not just yet. Owner Assem Allam has put negotiations on hold until after the summer transfer window closes and while they recruit players for the upcoming season.

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Finance

Cowboys take Real Madrid’s world’s most valuable team title, Man Utd hold 5th spot

July 15 – Real Madrid have slipped to second behind NFL team the Dallas Cowboys in the annual Forbes list of 50 Most Valuable Sports Teams.

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Finance

QPR take step to new stadium with planning permission for 605 homes

July 15 – English Championship club Queens Park Rangers, relegated from the Premier League three seasons ago with record losses, have taken a step nearer their dream of a new 40,000 seat stadium in West London after being granted planning permission to build 605 new homes the Old Oak Common site.

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