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Finance

The ghost of Ashley. Newcastle pays £10m tax bill as HMRC cracks down on clubs

September 6 – Newcastle United have had to cough up more than £10 million to settle a long-running battle with British tax authorities according to multiple reports.

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Finance

Chelsea creates room to clear PSR with £76.5m hotels sale

September 5 – Chelsea have been cleared by the Premier League for the £76.5 million sale of two hotels to a sister company to help the club stay compliant with financial regulations known as profit and sustainability rules (PSR).

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Finance

Summer transfer window: where the big money went

money and football

September 5 – The summer transfer window has once again showcased the financial powerhouses of European and global football, as clubs combined for a total spend of $6.45 billion. 

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Finance

Loophole leaves Leicester City free and clear on PSR rules and Premier League embarrassed

September 4 – In a surprise ruling that could have far-reaching consequences for English top-flight football’s entire financial fair play strategy, Leicester City have won an appeal against a decision that could have led to a points deduction for allegedly breaching spending rules.

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Finance

Chelsea break Man City’s record for the most expensive squad in world football history

September 4 – The financial clout of the Premier League has once again been laid bare, as the latest CIES Football Observatory data report ranks the top 100 most expensively-assembled club squads in world football.

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FIFA

Transfer spend $1bn down on 2023 at $6.4bn, but women’s game continues to grow

Transfer money record

September 3 – The volume of money flowing through the international transfer system for the mid-year window just closed may be $1 billion lower than 2023, but the actual numbers of transfers made are higher.

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Federations

Aussies rethink transfer rules in move to make pro game more sustainable

September 3 – Australian football stakeholders, who have jointly committed to a ‘holistic’ review of the Aussie professional game’s economic model, as a first step have agreed to phase out the controversial ‘Caceres Clause’ that covers player transfers.

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Finance

Lukaku reunites with Conte as transfer window counts down to closing

August 30 – As the summer transfer window prepares to slam shut in Europe’s major leagues tonight, Romelu Lukaku has ended his underwhelming second spell at Chelsea by completing a move to Napoli and linking up again with former coach Antonio Conte.

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Finance

Not so hot summer transfer window still sees Premier League dominate spending

money and football

August 30 – With the summer transfer window closing tonight, data from the CIES Football Observatory shows transfer spend 13% down on the same period in 2023.

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Finance

With bank interest rates hitting 55%, Trabzonspor opts for capital increase

August 28 – Ertuğrul Doğan, the president of Turkey’s Trabzonspor, is withdrawing the club from its loan agreement with the Banks Association of Turkey and instead raising money through an increase in capital.

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Finance

Textor closing in on Everton deal, but still needs to offload Palace stake

August 22 – John Textor is closing in on an agreement in principle to buy Premier League Everton from Farhad Moshiri, but he has yet to complete on a buyer for his 45% stake in Crystal Palace.

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Finance

Mbappé holds his hands out for PSG’s alleged unpaid €55m

August 21 – Kylian Mbappé is reported to have contacted UEFA over millions of unpaid fees allegedly due to him from his previous club, Paris St Germain.

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Finance

Transfer talk: Saudis keep their hands in their pockets as Euro clubs feast on young player market

August 19 – With the new season underway in the wake of the summer’s international action, the movings of the transfer market continue to build pace with the end of the window in sight.

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Finance

Ed Sheeran buys minority stake in Ipswich Town

August 16 – Singer-songwriter Ed Sheeran has secured a minority stake in Premier League club Ipswich Town. A lifelong fan of the Tractor Boys, Sheeran has acquired a 1.4% share in the newly promoted side.

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Finance

Transfer talk: Chelsea turn focus to Osimhen, Ajax ponder Ramsdale deal

August 15 – After failing to agree terms with Samu Omorodion earlier this week which saw a move for the Atletico Madrid striker collapse, Chelsea have returned their focus to Nigeria and Napoli attacker Victor Osimhen. The player has also been strongly linked with PSG, who have since pulled away from negotiations.

Read more …

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