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Finance

Red Bull buy minority stake in Leeds United and take shirt sponsorship

Leeds United

May 30 – Leeds United have announced that Red Bull have acquired a minority ownership stake in the club and will also become their front-of-shirt sponsor in a multi-year deal. 

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Finance

Bellingham at €280m is world’s most valuable player, with Foden and Saka capping English trio in top six

May 30 – Real Madrid and England star Jude Bellingham is the world’s most valuable player, according to a CIES Football Observatory ranking that looks at the transfer values of the top 100 players in the world.

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Europe

Ineos in talks with UEFA over ownership stakes in Europa League rivals Man Utd and Nice

May 29 – Manchester United’s new owners insist a solution will be found to allow United and Nice, who they also own, to compete in the Europa League next season.

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Finance

Textor puts Crystal Palace stake up for sale and expresses interest in Everton

May 27 – Crystal Palace co-owner and American businessman John Textor has said he wants to sell his stake in the English Premier League club as Palace is no longer “a perfect fit” for his portfolio of football interests.

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Finance

Oaktree take control of Inter Milan after Suning default in €395m debt

May 23 – US-based fund Oaktree Capital Management has formally issued a statement that it has taken ownership of the Serie A champions Internazionale after Suning Holdings Group, led by Steven Zhang, defaulted on a €395 million loan taken out three years ago.

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Finance

Oaktree poised to take control of Inter Milan as loan repayment deadline looms today

May 21 – Serie A champions Inter Milan could have a forced changed of ownership at the end of today if the club fails to repay a €270 million loan, plus interest, that was granted in 2021.

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Europe

KV Oostende heads for bankruptcy as PMG refuses to co-operate in hunt for new owner

May 20 – In a damning indictment of Pacific Media Group’s (PMG) football club ownership model, Belgium’s KV Oostende is facing bankruptcy after the club failed to find a new owner. 

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Finance

CSKA Sofia funds stadium development company but warns of enemy forces

May 15 – Bulgaria’s CSKA Sofia has taken another important step in the construction of the club’s new stadium with the start of the dismantling of the Bulgarian Army Stadium.

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Finance

Botafogo say club is not liable for all of $68.4m loan after Textor takes $57.9m for Eagle Group

May 14 – Botafogo has borrowed R$333 million to American owner John Textor, but that the club does not face any potentially dangerous liability for the money as it is guaranteed by Textor.

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Finance

Desperate Moshiri holds urgent talks with cash-strapped 777 Partners over Everton sale

May 9 – Everton majority owner Farhad Moshiri has held emergency meetings with prospective buyer 777 Partners to determine whether their agreed £500 million+ takeover will go-ahead, according to media reports.

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Europe

From UCL to Turkey’s fourth tier. Buraspor losing the battle to get on top of its £43.3m debt mountain

May 9 – Bursaspor, one Turkey’s biggest clubs, but currently languishing at the bottom of the Super Liga’s third tier and set to be relegated to the fourth, has announced debts of TL1.5 billion (€43.3 million).

Read more …

Europe

Monstranamus’ Cheng invests $20m into Manchester 62 FC for concussion research

May 8 – Gibraltar-based Manchester 62 FC has announced an angel investment of $20 million which will allow the club to continue to be at the forefront of research into concussion and chronic traumatic encephalopathy (CTE) in high-contact sports.

Read more …

Finance

Everton bidders 777 Partners sued in New York for $350m collateral fraud

May 7 – The prospective takeover of ailing English Premier League club Everton by 777 Partners has been plunged into further doubt after one of its lenders accused the Miami-based investment firm of fraud running into hundreds of millions of dollars.

Read more …

Finance

Botafogo increased borrowings as Textor spreads the cash around

May 7 – Botafogo has borrowed R$333 million ($65.6 million) from American owner John Textor, but not all the cash has remained in the club.

Read more …

Finance

Vitesse launch crowdfunding campaign in bid save club from folding

May 3 – Dutch Eredivisie outfit Vitesse has started a crowdfunding campaign in a bid to retain the club’s professional status.

Read more …

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