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Finance

Reading plunged into relegation battle after points deducted for breach of EFL’s financial rules

April 5 – EFL Championship side Reading have been handed an immediate six-point deduction for breaking agreed budget restrictions after a previous breach of the EFL’s profitability and sustainability rules.

Read more …

Finance

Everton trim losses – but accounts lay bare critical importance of beating the drop

By David Owen

April 3 – The sales of World Cup star Richarlison and Lucas Digne have enabled Everton to report a reduced loss of £44.7 million for the 2021-22 season. This follows three consecutive years of £100 million-plus losses at the pre-tax level.

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Finance

High-flying Magpies ran up £73m loss in Ashley’s last year

By David Owen

April 3 – Newcastle United have produced accounts covering the club’s first nine months under the ownership of an investment group led by Saudi Arabia’s Public Investment Fund (PIF).

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Finance

Flamengo break revenue records and target further growth with new league

April 4 – Brazilian club Flamengo keeps breaking records. In 2022, the Rio outfit’s revenues broke the 1 billion reais revenue mark for the first time.

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Finance

High-flying Bees make Premier League honey with record near-£30m profit

By David Owen

March 29 – Brentford, the West London club currently two places above big-spending local rivals Chelsea in the Premier League table, have published accounts for their transformational 2021-22 financial year.

Read more …

Europe

Sacramento Republic owner Nagle set to close deal for Huddersfield Town

March 29 – US businessman and chairman of second tier US club side Sacramento Republic, Kevin Nagle (pictured), is in the final stages of buying English Championship side Huddersfield Town.

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Europe

FIFA boosts payments to clubs for World Cup player release to $355m for 2026 and 2030

March 28 – Clubs worldwide have secured a whopping 70% increase in their share of World Cup revenues for the 2026 and 2030 tournaments. FIFA has increased its payments to clubs for the release of players to $355 million. For the 2022 World Cup in Qatar, the figure was a combined $209 million.

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Finance

Chelsea blame £121m of losses on Abramovich sanctions

March 28 – Chelsea reported losses of £121 million in 2021-22, with the club citing the sanctions imposed on former owner Roman Abramovich as a major factor.

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Europe

US player agency CRD Sport opens talks to buy Bulgaria’s Pirin Blagoevgrad

March 28 – American player agency CRD Sport has opened negotiations for the acquisition of Bulgaria’s top tier club Pirin Blagoevgrad.

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Finance

Finn financier enters race for Man Utd with offer to put half the club in fan ownership

March 24 – The race to buy Manchester United is hotting up with little-known Finnish entrepreneur Thomas Zilliacus entering the fray.

Read more …

Europe

Wolves and Fosun look at buying a stake in Oostende, reports

March 22 – Wolverhampton Wanderers owner Fosun reportedly wants to invest in KV Oostende, a Belgian top flight club currently struggling at the bottom of the table and owned by Pacific Media Group (PMG).

Read more …

Finance

Sheikh Jassim and Sir Jim poised to boost bids for Man Utd today

Man Utd3

March 22 – A second round of bids to buy Manchester United is due later today with Qatar’s Sheikh Jassim bin Hamad Al Thani reportedly set to make an improved offer.

Read more …

Finance

Hertha Berlin majority stake sold to 777 Partners as club seeks financial and Bundesliga stability

March 14 – Miami-based private equity firm 777 Partners has bought a 64.7% majority stake in Hertha Berlin, buying the shares of disaffected owner Lars Windhorst, held by his Peil Investment group.

Read more …

Europe

DFL to harden ‘50+1’ rule to protect German clubs from investor predators

March 9 – Germany’s football league (DFL) wants to tighten rules to stop investors taking full control of clubs.

Read more …

Finance

Owners move to bolster Leicester balance-sheet after heavy £92.5m loss

By David Owen

March 8 – Leicester City, the Midlands club enduring what by their recent standards is an undistinguished season in the lower reaches of the Premier League, have reported a near tripling of pre-tax losses for the year to end-May 2022.

Read more …

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