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Finance

Barcelona post €708m record revenues and profit of €18m

Barcelona logo

By Paul Nicholson

July 19 – FC Barcelona have announced record income of €708 million for the 2016/17 season. This is an increase of €29 million on the €679 million posted the previous year which was also a club record.

Read more …

Concacaf

ICC opens its US summer season with Roma vs PSG ahead of the Manchester derby

July 19 – Tonight the fifth edition of the International Champions Cup (ICC) kicks off in Detroit, USA, with Roma playing Paris St Germain. Tomorrow Manchester City and United replicate their local derby in Houston. The ICC may lack more than a little sporting integrity but it does deliver the biggest club names.

Read more …

Finance

PSG may have €222m earmarked to buy Neymar, but Barca say he isn’t moving

By Samindra Kunti

July 19 – Brazilian superstar Neymar has been linked with a move to Paris Saint-Germain in a record-breaking deal of €222 million, but Barcelona have denied he is leaving the club. 

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Finance

Falcao posts €8.2m with Spanish taxman as he battles fraud case

July 14 – Monaco’s much-vaunted Colombian striker Radamel Falcao, suspected of tax evasion in Spain, has paid back €8.2 million to Spanish tax authorities, according to agencies and the Spanish media.

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Finance

Off/On €35m Modeste becomes first big money summer transfer to China

July 14 – Having initially rejected a move to China because of the terms of the deal, French striker Anthony Modeste has become the first big name European signing of the Chinese Super League’s close season transfer window after Bundesliga side Cologne announced his departure to Tianjin Quanjian for a reported €35 million.

Read more …

Finance

Deloitte report shows English football scoring £4.4bn revenue record, with more to come

football money

By Paul Nicholson

July 12 – English football has never had it so good as Deloitte’s Annual Review of Football Finance shows total revenue for the 92 league clubs hitting a record £4.4bn for the 2015/16 season.

Read more …

Finance

Transfer spend: Everton’s £85m guarantees them Top 6 finish, say stats

Goodison Park

July 11 – Everton’s transfer spend already guarantees them a top six Premier League finish according to stats research. On average top 6 clubs spend £65.1 million per year. Everton have already spent £85 million on five new players.

Read more …

Finance

Spurs deny unfriendly £1bn talkeover deal with Facebook boss Zuckerberg

Spurs_sale_now

July 10 – English Premier League club Tottenham Hotspur have denied they are in takeover talks following British media reports of a potential £1 billion deal backed by Facebook owner Mark Zuckerberg.

Read more …

Finance

Rangers case opens door to taxman to chase players across UK for unpaid dues

July 7 – This week’s Supreme Court ruling against Rangers football club could have a damaging knock-on effect, say experts, with scores of other clubs and players – Scottish and English – potentially forced to hand over millions of pounds of unpaid tax.

Read more …

Finance

Rangers crash out in Luxembourg as former owners are hammered in tax court

July 5 – How are the once mighty fallen. In one of the biggest club upsets of recent European seasons, Scotland’s Rangers were knocked out of the Europa League qualifying competition on Tuesday by part-time Luxembourg minnows Progres Niederkorn.

Read more …

Finance

Deportivo cuts debt burden by €45m and opens door to raised salary cap

July 5 – La Liga club Deportivo La Coruña has restructured its crippling debt mountain with a €45 million loan-cum-sponsorship with financial institution Abanca.

Read more …

Finance

With wedding celebration in full swing, Messi renews his vows with Barca

July 5 – Rumours of Lionel Messi’s possible departure from Barcelona have been well and truly crushed after the Argentine superstar agreed a contract extension which will keep him at his boyhood club until 2021.

Read more …

Finance

M&A advisors Blackbridge and Whitecap combine to open new investor markets for clubs

money

July 5 – Mergers and acquisitions specialists Blackbridge Cross Borders form the UK and Whitecap Sports from the US have formed a strategic partnership to open up the US market to European/Asian investors and vice versa.

Read more …

Finance

Fiorentina lose €32m claim against Chelsea over Salah loan

July 4 – The Court of Arbitration of Sport (CAS) has ruled against Italian club Fiorentina,in their €32 million claim against Chelsea over the loan transfer of  Egyptian winger Mohamed Salah.

Read more …

Finance

SPFL raises prize and TV cash to £2m for Betfred Cup

July 3 – The Scottish Premier Football League (SPFL) has boosted total prize to £1.6 million and TV payments to almost £500,000 for the 2017 Betfred Cup. The 15% increase includes a record £250,000 for the competition winners.

Read more …

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