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Finance

Textor calls for World Super League and says financial sustainability is a ‘fraud term’

February 1 – The American owner of English Premier League club Crystal Palace, who owns a string of other clubs across the globe, says he’d be in favour of a World Super League rather than an exclusively European one were it ever to get off the ground.

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Europe

Tebas says A22’s new Super League proposal is an unworkable deception

March 1 – Controversial La Liga boss Javier Tebas has reignited his attack on backers of the proposed revamped breakaway European Super League (ESL), claiming the A22 Management organisation is attempting to deceive fans by promising to show matches for free.

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Finance

Saudis line up another summer of big spending

February 29 – Saudi clubs will return to the transfer market in the summer window to challenge Europe for more big signings, according to a leading Saudi Pro League executive.

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Europe

German fans keep pressure on over 50+1 ownership rule

February 27 – Despite the German football league capitulating to fan power over third party investment, more protests occurred at the weekend, this time over Germany’s much coveted 50+1 rule.

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Finance

CIES data charts England’s dominant fuelling of the global transfer market

Football money

February 26 – England is the dominant force in the world transfer market according to the latest report from the CIES Football Observatory which shows €75 billion was earned by clubs worldwide with about two-thirds from international transfers and the rest from domestic ones.

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Finance

Player sales help Levski Sofia claw its way out of debt

February 26 – Bulgaria’s Levski Sofia has paid BGN1.15 million (€575,000) of its debts to the National Revenue Agency (NRA) . A few months ago, the club reached an agreement on rescheduling its tax obligations, which amount to nearly BGN 10 million.

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Europe

German fan protests force DFL to scrap plans to raise private equity cash against TV rights

February 22 – In a classic case of fan power, multiple protests have torpedoed plans by the German Football League (DFL) to sell a stake in its media rights income to an outside investor.

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Finance

One European league they will win. Chelsea top money movement ranking

February 22 – Chelsea FC are the biggest money movers in world football, according to the latest data report from the CIES Football Observatory.

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Europe

Ratcliffe wants a new Old Trafford to be England’s national stadium

old trafford

February 22 – New Manchester United co-owner Sir Jim Ratcliffe says he wants to build a new stadium to replace Old Trafford where the club have played since 1910 – and make it a national venue.

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Finance

Ratcliffe says completion of deal is just the start of ‘accelerated change’ at Man Utd

February 21 – British billionaire Jim Ratcliffe expressed his desire to lift Manchester United “to the top of English, European and world football” after completing his purchase of a minority stake in the iconic club on Tuesday.

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Finance

Tebas says Boost LaLiga initiative has increased commercial revenues 33%

February 20 – LaLiga president Javier Tebas has reported that LaLiga’s commercial revenues have grown by 33% since the launch of Boost LaLiga – an innovation scheme designed to increase the business capacity and revenues of Spanish clubs.

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Finance

It’s not German. Chaos as fans protest over private equity proposals for national game

February 19 – Borussia Dortmund manager Edin Terzic has called for a “quick and sensible solution” to end weeks of supporter protests against proposed foreign investment in the Bundesliga after more matches endured frequent disruptions at the weekend.

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Europe

City Football Group add Istanbul Basaksehir ‘collaboration’ to club portfolio

February 18 – City Football Group (CFG) have expanded their club portfolio yet again, announcing a “football collaboration agreement” with Turkish Super Lig side Istanbul Basaksehir.

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Finance

US investor Shilen Patel buys West Brom from Guochuan Lai for £20m plus £40m debt

February 16 – Shilen Patel is set to become West Bromwich Albion chairman after a deal to purchase an 87.8% stake in the Championship club was agreed, to the delight of Albion fans.

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Finance

Belgian clubs go deep into the red with losses topping €190m

February 15 – Belgian clubs in the top two divisions recorded a cumulative loss of €193 million for the 2022-23 season, the licensing commission confirmed on Wednesday.

Read more …

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