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Finance

European sponsorship business hit €27bn in 2021 but still €2.8bn off 2019 high

April 1 – The European sponsorship market bounced back in 2021 with a 17.8% uplift after a slow 2020, but has not yet returned to the pre-pandemic levels of 2019, according to the 2022 ESA Sponsorship Market Overview.

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Finance

Moshiri’s struggling Everton post third consecutive £100m-plus loss

By David Owen

March 30 – Everton, the Merseyside club in danger of losing its English top-flight status for the first time since the 1950s, has posted its third consecutive loss in excess of £100 million.

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Europe

Pacific Media Group adds Kaiserslautern taking portfolio to seven European clubs

March 30 – Pacific Media Group (PMG) have acquired a stake of just under 10% in FC Kaiserslautern, the German club have announced.

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Europe

LaLiga hails new FFP proposals as a historic moment for European football’s sustainability

money and football

March 30 – LaLiga has described the proposed UEFA financial fair play rules that will go before UEFA’s executive committee on April 7 as a “major step forward for European football”.

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Finance

French clubs agree €1.5bn CVC stake with €600m to be paid in July

March 29 – French clubs have agreed a deal for the Ligue de Football Professionnel (LFP) to take on board €1.5 billion of venture capital investment in its newly formed commercial company.

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Europe

UEFA rethinks FFP with salary cap proposal and relegation between competitions

uefa flag

March 28 – UEFA look set to scrap Financial Fair Play (FFP) after 10 years and replace it with radical new rules that would ultimately cap spending on wages, transfers and agents’ fees to 70% of revenue, according to reports.

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Finance

Three US bidders and one English-led group are final four in £3bn race to buy Chelsea

March 28 – Chelsea could have new owners in place by as soon as the end of April, with four bidders left in the frame according to reports.

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Finance

bet365 writes off £120m of debt in Stoke

March 28 – Online gambling business bet365, owner of English Championship club Stoke City, has waived £120 million of debt owed by the club, and converted another £40 million of shareholder loans into equity.

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Europe

CFG expands club ownership with addition of Nac Breda

March 25 – City Football Group have acquired Dutch second-tier outfit Nac Breda, which will become the eleventh club owned by the Abu Dhabi group. 

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Europe

Big Five league player injury costs rocket to €279m, finds report

March 23 – Injuries cost the Big Five football countries in Europe (England, France, Germany, Italy and Spain) a staggering €279.49 million in the first half of this year according to a new study.

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Finance

Chelsea sale: Ricketts race to London, Candy adds Korean money

March 23 – The race to be on the preferred bidders list for Chelsea, expected to be announced at the end of this week, is hotting up with members of the Chicago-based Ricketts family flying to London to meet key stakeholders.

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Finance

Chelsea bid deadline closes with multiple last minute offers and an all-fan proposal

March 21 – A British-led consortium fronted by Chelsea supporters has confirmed that it has made a bid to buy the club.

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Finance

CVC enters final stage talks for €1.5bn stake in LFP’s new commercial arm

March 21 – The French Professional Football League (LFP) has entered exclusive negotiations with private equity firm CVC Capital for a €1.5 billion investment in a new commercial subsidiary that will handle the LFP’s commercial rights.

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Finance

Candy, Coe, Chicago Cubs… Big names put money where their mouths are for Chelsea bid

March 17 – Chicago Cubs owners and a Lord Coe consortium have confirmed their intention to bid for Chelsea, with potential buyers having until Friday to enter the race to own the club. 

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Finance

FFH raises cash to develop deeper into fantasy  football market

March 17 – The Fantasy Sports gaming market is spawning a whole new sector of related digital business with UK-based fantasy Football Hub announcing it has raised $550,000 to build its platform that digital content and analytics to the fantasy football community.

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