Manchester City confirm hotel plans with Radisson at Etihad Campus
March 6 – Manchester City have announced a partnership with Radisson Hotel Group to develop a new 401-room hotel at the Etihad Campus, set to open in late 2026.
Finance
Liverpool post £57m losses as revenue hits £614m
March 3 – Liverpool has announced a pre-tax loss of £57 million for the financial year ending 31 May 2024, a sharp increase from the £9 million deficit recorded in the previous year. However, the club’s overall revenue rose by £20 million to £614 million, driven by record-breaking commercial income and a strong on-field showing in Jürgen Klopp’s final season in charge.
Tebas likens Man City to Enron saying they hide losses in businesses outside CFG
February 28 – La Liga president Javier Tebas has accused Manchester City of financial deception akin to that of Enron, claiming that the Premier League champions hide losses in different companies to improve the club’s finances.
Brazil’s Vasco da Gama take steps to protect itself from bankruptcy
February 26 – With mounting debts, Brazilian club Vasco da Gama has taken steps to protect itself from bankruptcy.
Textor fires both barrels at PSG’s ‘illegal’ state finance model, saying rules are not being applied evenly
February 24 – Lyon co-owner John Textor has publicly criticised PSG’s ownership structure, labeling it as ‘illegal’.
Man Utd’s malaise makes Europa League win a balance sheet priority
February 21 – Manchester United’s latest financial results paint a worrying picture, with revenues dropping to £198.7 million for the final three months of 2024 – down 12% from the same period last year.
Arsenal post record revenues of £616m but still show losses of £17m
February 21 – Arsenal have posted record revenues of £616.6 million for the year to 31 May 2024 with reduced losses of £17.7 million from £52.1 million in the year to May 2023.
US buyers touchdown for a potential stake in Rangers
February 21 – A US-led takeover bid for Scottish giants Rangers is at an advanced stage with the bid being run by an investment arm of San Francisco 49ers, according to multiple reports.
LaLiga publishes squad cost limits following low spending winter window
February 20 – LaLiga has published its latest squad cost limits (SCL) following the winter transfer window, with FC Barcelona receiving the biggest economic increase – a €37.2m upward adjustment.
Vinicius consortium buys Liga Portugal 2 side Alverca
February 19 – Real Madrid’s Vinicius Jr. has taken his influence beyond the pitch, spearheading a consortium of Spanish and Brazilian investors to acquire Liga Portugal 2 side Alverca. The Brazilian winger now reportedly owns between 70-80% of the club’s shares, as former owner Ricardo Vicintin sells up.
Belgian clubs continue to bleed red ink, racking up €160m of losses in 2024
February 14 – Last year, Belgian clubs registered combined post-tax losses of €160 million with Walloon giant Standard Liege showing the largest operational loss.
Premier League stall implementation of new profit and sustainability rules for further season
February 14 – The Premier League’s profit and sustainability rules (PSR), designed to prevent clubs from overspending, will remain in place for at least one more season, delaying the introduction of a new set of financial regulations.
All Blacks go legal as Ineos tightens its sports money belt
February 14 – Manchester United co-owners Ineos have found themselves embroiled in a legal battle with New Zealand Rugby (NZR) after abruptly ending their sponsorship of the All Blacks, citing financial pressures stemming from Europe’s economic landscape.
Everton sponsor Stake loses UK licence following UKGC investigation
February 13 – Everton sponsor and gambling company Stake is set to lose its UK licence following an investigation over a social media post featuring an adult actress.
EA FC calms the finance crowd with its tech substitutions, but will they win the game?
February 12 – A month ago EA Sports was facing serious concerns about its grip on the football gaming industry. A 17% drop in its stock price, a downgraded fiscal forecast, and underwhelming early performance from EA Sports FC 25 raised doubts about whether the company’s dominance in the market was beginning to slip.