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Finance

Legends buys ASM Global to create a venue and sports event marketing giant

November 9 – US events and event marketing specialists Legends have acquired venue management and live events producer ASM Global in a deal reportedly worth $2.4 billion.

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Finance

Ratcliffe closing in on stake in Man Utd with $300m sweetener

Man Utd3

November 7 – Sir Jim Ratcliffe is reportedly to commit $300 million to investing in Manchester United infrastructure as part of a deal to secure a 25% stake.

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Finance

RedBird rethinking multi-club ownership strategy with Toulouse future questioned

November 7 – RedBird Capital Partners, the American investment fund that owns 19-time Serie A champions AC Milan, are contemplating the sale of Toulouse FC.

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Finance

Tech investor Thomas Zilliacus, says he has $2.5bn war chest to buy Inter Milan

November 7 – Singapore-based Finnish tech entrepreneur Thomas Zilliacus has said he will table a for Inter Milan over the next week.

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Finance

Barca’s money men fumble again, losing €500k appeal against CFCB fine

November 3 – When it comes to financial management, Barcelona rarely seem to catch a break.

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Finance

US-based Binnie family takes first club ownership steps with Denmark’s AC Horsens

November 3 – The US-based Binnie family, through their Carlisle Capital investment vehicle, have taken an initial 55% stake in Danish second tier side AC Horsens for DKK27 million (£3.1 million).

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Finance

Bournemouth owner Bill Foley opens talks for a piece of Hibs as he builds club ownerships

November 2 – US sports investor Bill Foley, majority owner of Premier League Bournemouth, has reportedly held provisional takeover talks with Scottish Premier League club Hibernian.

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Finance

Gold family in market for buyer of stake in West Ham

November 2 – The Gold family is seeking potential buyers for an undisclosed portion of their 25.1% stake in West Ham United. Vanessa Gold, now the club’s joint-chair following her father David’s death earlier this year, has appointed Rothschild & Co to explore the potential share sale.

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Finance

Sheffield Wednesday calls on fans to stump up £2m to save the club

October 31 – Sheffield Wednesday owner Dejphon Chansiri has again attacked the club’s fans for being “negative”, demanding that they fund the £2 million required to save their club from transfer window sanctions and potential bankruptcy. 

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Europe

Real Madrid go to banks for €370m loan; bring Saudi bank onboard as sponsor

October 30 – Real Madrid are looking to raise €370 million from banks to help finance refurbishment work at the their Santiago Bernabeu Stadium where costs have almost doubled to €1 billion form an initial €575 million budget.

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Finance

Man Utd revenue hits £648m as wage bill and losses reduced

ManUtd piggy bank

October 27 – Manchester United have reported record revenue of £648.4 million for the 2022/23 financial year, but posted a loss of £42 million, slashing its net loss by 75% year-on-year.

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Finance

Inter shareholders approve accounts as focus sharpens on club-owned stadium plans

October 26 – Inter Milan shareholders have approved accounts for the 2022/23 financial year that show turnover up year-on-year by €60 million to €425 million and annual losses reduced to €85 million from €140 million the previous year.

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Finance

Barca budget €895m revenue and more black ink after a year of tough decisions

Barcelona logo

October 25 – Barcelona are projecting revenue for the 2023/24 season to hit €859 million generating post-tax profits of about €11 million.

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Finance

AC Milan report €440m revenue record as RedBird influence starts to kick in

AC Milan

October 23 – AC Milan’s have formally approved accounts for the year to June 30, 2023, showing club revenues exceeding €400 million for the first time.

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Europe

Aussie-Croatian businessmen take over at HNK Zadar

October 23 – Croatian top-tier club HNK Zadar has been sold to Australian businessman Marko Ivančić. The deal was unanimously approved by the Zadar City Council, said the club in a statement.

Read more …

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