US money comes to Reading rescue as Chinese owner leaves in disgrace
May 5 – Reading have announced an agreement in principle with US investor Rob Couhig’s company, Redwood Holdings Ltd., to acquire the club.
Finance
Vasco da Gama discover $236million debts following financial audit
May 1 – Brazilian giants Vasco da Gama have revealed debts totalling around $236 million, with an independent audit currently underway. The club promise a more detailed financial breakdown will be published by the end of June.
Levski Sofia record 2024 profit
May 1 – Bulgaria’s Levski Sofia continue to improve their financial results, with the club’s annual financial report for 2024 showing they made a profit of nearly BGN 15 million (€7.5m).
Leyton Orient aim to write East End rags to riches story under new US owner
April 30 – Based in East London, Leyton Orient have been a roller-coaster club over the past five decades, bouncing through the tiers of the English football pyramid. However, US media investor David Gandler aims to change that trajectory after acquiring a majority stake in the club.
Disney+ launches 4th season of Welcome to Wrexham as club value near £150m
April 30 – Disney+ has released the trailer for the fourth season of the Emmy award-winning series ‘Welcome to Wrexham’, chronicling Wrexham AFC’s unprecedented achievement of three consecutive promotions, a first in English football.
Dumbarton deal collapses as storied Scottish club face uncertain future
April 29 – A deal that was set to rescue Scottish League One side Dumbarton FC from administration has collapsed just days before completion, dealing a serious blow to one of Scotland’s oldest football institutions and throwing their future into renewed uncertainty.
São Paulo announce large deficit as transfer revenue dips
April 29 – Brazilian club São Paulo have reported a net loss of approximately $50.4 million for the 2024 fiscal year, citing a shortfall in player transfer revenues as a key factor.
Manchester City fans no-show at Wembley due to financial burden
April 29 – Watching your team take to the hallowed turf of Wembley Stadium is often described as a ‘bucket list’ experience for many fans of English clubs, yet Sunday’s match between Manchester City and Nottingham Forest revealed thousands of empty seats in the City section as they secured a 2-0 victory and a place in the FA Cup Final.
Another Texan billionaire touches down in the Premier League at Everton
April 25 – Premier League clubs continue to attract U.S. investment, with American billionaire Christopher Sarofim, a minority shareholder in the National Football League’s (NFL) Houston Texans, becoming the latest convert to the ‘round-ball game’.
Luka Modrić takes ownership position in Welsh club Swansea City
April 22 – One the world’s greatest ever players, Luka Modrić, has joined English Championship club Swansea City as an investor and co-owner.
Quantuma breaks ground with Pendragon to save Dumbarton from liquidation
April 15 – Scottish League One club Dumbarton FC are set to exit insolvency proceedings following a deal struck by administrators Quantuma with Gareth Phillips of the Pendragon Group.
Agents hit Premier League jackpot
April 15 – English Premier League clubs continue to spend millions on agent fees and, for the second consecutive year, Chelsea have topped the list.
Bulgarian clubs in financial crisis with nine in top tier under threat of losing licenses
April 14 – The financial crisis in Bulgarian football is taking on new dimensions. The president of the Bulgarian Football Union, Georgi Ivanov (pictured), has revealed a worrying trend amongst top tier clubs, many of whom face losing their licenses due to financial.
FIFA and WTO study predicts $47bn of economic impact in US for CWC2025 and World Cup in 2026
April 9 – FIFA’s two flagship men’s tournaments in the United States – the expanded 2025 Club World Cup and the 2026 World Cup – are projected to generate a combined $47 billion in gross output and create nearly 300,000 jobs in the US, according to new research released by FIFA and the World Trade Organisation (WTO).
Zingarevich to hand 30% of Botev shares to fans’ trust to manage sale
April 7 – Botev Plovdiv owner Anton Zingarevich has taken another step towards releasing a 30% stake in the club. A few days ago the Russian businessman announced that he intends to sell the shares to fans. Now he intends to give them away.