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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Finance

Short pulls out of Sunderland sale talks and commits funds for new season

June 30 – Sunderland owner Ellis Short (pictured) has taken the club off the market after sales talks with potential new German owners broke down.

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Finance

West Brom owner Lai to build ‘soccer towns’ across China with club as centrepiece

June 29 – West Bromwich Albion’s Chinese owner Guochuan Lai (pictured) and landscaping company Palm plan to construct up to six ‘soccer towns’ across China as part of Lai’s expansion of the West Brom brand across China.

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Finance

Leeds United get Elland Road back under club ownership

Leeds United

By Mark Baber

Junne 29 – Leeds United have confirmed that their parent company has completed the purchase of the Elland Road Stadium, as had been promised by new Chairman Andrea Radrizzani.

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Finance

TV money: Is more cash making the game more equal?

Spanish TV rights

June 27 – TV revenues have revolutionised club football finances in Europe. But it is how those revenues are distributed that is crucial to the competitive integrity of leagues, the sustainability of clubs and the competitive balance between the rich and poor.

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Finance

Ashley sells Rangers shareholding as fan group takes stake over 10%

Rangers

By Paul Nicholson

June 26 – The messy divorce of English businessman Mike Ashley from his involvement in Scottish giants Rangers now looks to be complete with Ashley having sold his remaining 8.9% shareholding in Rangers International Football Club for £2 million.

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Finance

Doughnut management out, Donut salesman in at Orient

June 23 – After three years of being run by doughnuts, far fallen Leyton Orient have been taken over by a man who runs a doughnut company. A consortium led by Baskin Robbins and Dunkin’ Donuts chief executive Nigel Travis (pictured with friends) has completed its takeover.

Read more …

Finance

Friends with benefits: Morocco earmarks $5m for Malawi football projects

By Mark Baber

June 22 – A newly formed partnership between Malawi and Morocco will see the Moroccan government inject $5 million into Football Association of Malawi (FAM) infrastructure projects via the Federation of Royal Moroccan Football (FRMF).

Read more …

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