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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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Finance

Chelsea bidders have until Friday to make offers

March 15 – Potential buyers of European champions Chelsea are reported to be queuing up to submit their takeover proposals ahead of Friday’s deadline.

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Finance

English clubs top transfer spend ranking at €6.9bn… with a trade deficit of €4.3bn

March 14 – English clubs have racked up a combined negative international transfer trade balance of -€4.35 billion since 2017.

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Europe

Wolves and Porto put finances in order to exit UEFA’s FFP control regime

March 14 – England’s Wolverhampton Wanderers and Portugal’s FC Porto have broken free of the shackles of UEFA’s financial fair play scrutiny and have exited the settlement regimes they were under.

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Finance

Belgium’s Standard Liege added to 777 Partners club portfolio

March 13 – Private equity firm 777 Partners have acquired storied Belgian club Standard Liege, further expanding its portfolio following the takeover of Rio giants Vasco da Gama earlier this month.

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Finance

Lyon say that any Pathe and IDG share sale won’t halt development strategy

Olympique Lyonnais badge

March 11 – Olympique Lyonnais have responded to news that Pathé and IDG are looking to sell their near 20% stakes in the club, saying that the club is “actively working to strengthen its financial structure” and that it will continue its development work both on and off the field with the build of the new arena.

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Finance

Chelsea sale on hold as Abramovich assets are frozen over his links to Putin

By Andrew Warshaw

March 10 – In what can only be described as a move of seismic proportions, the entire future of European champions Chelsea has been plunged into doubt after the club’s Russian oligarch owner Roman Abramovich was officially sanctioned by the UK government today following the Russian invasion of Ukraine.

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Finance

Barça closing €300m deal with LaLiga’s private equity partners CVC, reports

Barcelona logo

March 10 – Barcelona, who are challenging the legitimacy of LaLiga’s €1 billion venture capital deal with CVC in court, are nevertheless reportedly close to signing their own €300 million agreement with the investor.

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Finance

CFG bid €180m for control of Brazilian champions Atletico Mineiro

By Samindra Kunti

March 8 – City Football Group (CFG), owners of Manchester City and a slate of clubs around the world, is bidding to take over Brazilian champions Atletico Mineiro.

Read more …

Europe

Madrid court rules against Real Madrid and Barca’s bid to pause LaLiga Impulso funding

March 8 – The challenge by Real Madrid, FC Barcelona and Athletic Club to LaLiga Impulso, the joint venture that will see CVC Capital Partners inject about €1 billion into the league, has suffered a new blow in court.

Read more …

Finance

Benfica have the world’s most profitable academy. Chelsea top Premier League

March 7 – Portugal’s Benfica have the most profitable academy in the world having generated €379 million from the sale of players since July 2015. Real Madrid have the second most profitable youth training system. Chelsea are ranked 8th.

Read more …

Finance

Grealish deal sets seal on Villa’s financial turnaround as club consolidates in top tier

By David Owen

March 4 – Aston Villa, the West Midlands side that recently brought Philippe Coutinho back to the Premier League, has unveiled a sharply-reduced loss for the 2020-21 season when it consolidated its status as a top-tier club.

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Finance

Abramovich confirms Chelsea is for sale with price tag put at $2.5bn+

Roman Abramovich_18-05-121

By Andrew Warshaw

March 3 – Roman Abramovich, the Russian oligarch whose fortune transformed Chelsea from perennial also-rans into one of the most successful clubs in Europe, has decided to pull the plug and sell up.

Read more …

Finance

Arsenal losses double as pandemic-linked refinancing lifts borrowings from Kroenke

Arsenal badge

By David Owen

March 2 – Arsenal, the North London club striving for a return to the Champions League next season, have posted a swingeing loss for the covid-impacted 2020-21 period.

Read more …

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