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Finance

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.

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Europe

European club football is booming, growing at more than €1bn a year, finds UEFA report

February 15 – Top tier clubs in Europe have recorded aggregate revenue of just under €24 billion for the 2022 financial year, with projections that revenue will grown beyond €26 million in 2024.

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Finance

Brentford report record revenue of £166.5m, but staff costs grow by £20m

February 14 – Premier League Brentford, currently in their third season in the top flight, have announced a record turnover of £166.5 million for the 2022/23 financial year, the club’s second in the Premier League.

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FIFA

Winter transfer window recorded $1.46bn in sales across 5,073 player moves

February 14 – While the Premier League clubs kept their hands in their pockets in the January transfer window, the winter sales window still saw its second highest spend ever at $1.46 billion.

Read more …

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