Serie A winners Inter in talks with players over wage freeze
May 10 – Newly crowned Italian champions Inter Milan have asked their players to freeze two months of wages to head off a financial crisis.
May 10 – Newly crowned Italian champions Inter Milan have asked their players to freeze two months of wages to head off a financial crisis.
By Paul Nicholson
May 7 – The English Championship finishes its season tomorrow with focus not on promotion but on the relegation battle between two of England’s former club giants turned financial horror stories.
May 7 – Italy’s Serie A has become the first football league to embrace the potential of cryptocurrency, unveiling Crypto.com as a partner and launching the collaboration at the Atalanta vs Juventus Coppa Italia final (May 19) with a special NFT collection, including the official trophy and match highlights.
May 7 – RedBird Capital Partners have invested in plagued Spanish club Malaga, building a football club portfolio alongside Fenway Sports Group (FSG).
By David Owen
May 4 – The Football Association managed to report a small profit and to invest nearly £150 million in the sport in 2019-20, in spite of being hard hit by the early months of the covid pandemic.
By David Owen
April 28 – The value of long-term bank loans on Liverpool’s balance-sheet almost quadrupled in size in 2019-20 to stand at just under £197 million on May 31. But year-end cash was up by a similar proportion at £149.3 million.
By David Owen
April 27 – European Super League rebels Liverpool have added to the torrent of red ink gushing over the Premier League, posting a pre-tax loss of £46 million for the year to end-May 2020.
April 27 – Spotify owner Daniel Ek has expressed interest in acquiring Arsenal and is reportedly preparing a bid, along with club legends Thierry Henry, Dennis Bergkamp and Patrick Vieira.
April 26 – US bank and Super League backer JP Morgan has apologised for its role in the European Super League (ESL) fiasco, admitting that it misjudged the reaction from fans.
By David Owen
April 23 – Aston Villa owners Nassef Sawiris and Wes Edens appear to have pumped a further £87 million into the reviving, but still heavily loss-making, Birmingham-based Premier League club in recent months.
April 23 – French Ligue1 club Bordeaux are on the brink of bankruptcy after American investment fund King Street decided to withdraw its financial support.
April 23 – Manchester City top a ranking of clubs with the most valuable squads by transfer value, ahead of local rivals Manchester United and Chelsea and more than twice the value of PSG.
By David Owen
April 22 – The 2019-20 European club football season was overshadowed, interrupted and ultimately elongated by covid. Even so, UEFA still managed to distribute well over €2.4 billion to the clubs which took part in its main competitions.
April 22 – American bank JP Morgan, who underwrote initial investment in the European Super League (ESL), have been hit with a downgraded sustainability rating as integrity issues have been raised over the bank’s role in the wake of the ESL collapse.
By David Owen
April 21 – The European football body UEFA has posted a deficit of €73.9 million for the covid-hit 2019-20 financial year.