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Finance

Ajax report report €9.8m loss as turnover drops €9.8m in 2023/24

Ajax logo

October 18 – AFC Ajax has reported a significant financial downturn in their annual financial report, posting a €9.8 million loss for the 2023/24 season compared to a €39 million profit the previous year – primarily due to reduced European competition bonuses and lower transfer income. 

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Finance

Player injuries have cost Big 5 league clubs £2.3bn over past four years, finds report

October 16 – Injuries across Europe’s top five leagues have cost clubs a staggering £2 billion over the last four seasons, fuelling an increasingly hot topic over player welfare and an expanding international calendar.

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Finance

AI-powered scouting software Eyeball Club raises further €5m of funding

October 16 – Eyeball.Club, the newest player in the AI-powered talent scout market, has announced the successful closing of a €5 million seed round which will fuel the company’s expansion into US and Latin American markets, as well as be ploughed into developing its technology capabilities across the platform.  

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Finance

Genoa and Sampdoria bid to buy Stadio Luigi Ferraris

October 15 – Genoa FC and UC Sampdoria have formed a 50-50 partnership, Genova Stadium SRL, to purchase their shared Stadio Luigi Ferraris from Genoese authorities. 

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Finance

777 Partners collapse puts club assets including Serie A’s oldest club Genoa on sales block

October 14 – Serie A Genoa, Italy’s oldest club, are seeking new buyers after owners 777 Partners – who had tried to purchase Everton a few months ago – collapsed financially.

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Finance

Red Bull set to add 6th club stake to portfolio with Paris FC stake

October 11 – Armed with their new global head of soccer Jurgen Klopp, Red Bull are poised to add a sixth club to their growing football ownership portfolio as the Austrian energy drink giants eye a position in Ligue 2 club Paris FC.

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Finance

Ronaldinho takes ownership position in Greenville Triumph and Greenville Liberty in US

October 11 – Brazilian legend Ronaldinho has joined the ownership group of USL League One club Greenville Triumph SC and USL W League club Greenville Liberty SC.

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Finance

Big six Premier League clubs in top 10 squad valuation ranking, but trail Real Madrid by €300m+

October 10 – European Champions Real Madrid, armed with a glittering roster of high-value talent headlined by Kylian Mbappe, Vinicius Junior and Jude Bellingham, have been crowned as the most valuable squad in world football in the latest CIES Football Observatory data report.

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Finance

Borussia Dortmund’s journey to UCL final drives record revenue past €600m

October 8 – A €44 million pay day for reaching the Champions League final saw Borussia Dortmund turnover hit €618.2 million. UEFA payments provided €120.1 million in the 2023/24 financial year.

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Finance

Honours even after round one of Man City vs Premier League financial rules fight

October 8 – English champions Manchester City have claimed a partial victory over the Premier League after one of the league’s key regulations relating to financial fairness was challenged.

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Concacaf

LAFC takes an ownership position in stadium sharing NWSL side Angel City FC

October 8 – The two most valuable men’s and women’s soccer clubs in America have joined forces. 

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Concacaf

No Angels. NWSL’s LA powerhouse fined for breaking salary caps, top execs sanctioned

October 8 – Late last week the NWSL (National Women’s Soccer League) announced that Angel City FC would be punished for circumventing the league rules around salary caps.

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Finance

Nikolov follows through on promise and pulls out of Bulgaria’s Spartak Varna

October 8 – The owner of the Bulgaria’s Spartak Varna, Pavlin Nikolov, has withdrawn from the club for the second time in a month and pulled all his financing .

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Finance

SPFL turnover rises to record £44.3m

October 7 – The Scottish Professional Football League (SPFL) has reported a significant financial boost, with its 2023/24 turnover rising by £2.4 million (6%) to reach a record £44.3 million. 

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Concacaf

US Soccer revenue tops $200m as commercial revenue grows rapidly to $110m

October 7 – For nearly 20 years the fortunes of US Soccer from a commercial and marketing standpoint were tied with SUM (Soccer United Marketing), the MLS-owned agency. That deal officially ended on December 31, 2021, when the US Soccer Federation (USSF) moved their operations in-house, although they did not take full responsibility until the start of 2023.

Read more …

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