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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.

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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.

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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.

Read more …

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.

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Europe

Fire sale? Abramovich shops Chelsea to billionaire boys club

March 2 – Speculation is mounting than Chelsea’s billionaire oligarch owner Roman Abramovich may be about to sell the club in the wake of his country’s invasion of Ukraine.

Read more …

Finance

Sticky Toffee pudding – Usmanov sanctions threaten Everton finances

March 1 – The European Union (EU) has sanctioned Everton-linked and Fencing Federation (FIE) President Alisher Usmanov. He was on a list of Russian oligarchs that the block targeted as it imposed further sanctions in response to Russia’s invasion of Ukraine.

Read more …

Finance

Premier League players values are twice that of LaLiga; Haaland and Foden top ranking

February 24 – Player values have remained stagnant since the 19.6% drop in values triggered by the covid pandemic, according to updated data from the KPMG Football Benchmark team.

Read more …

Finance

Brazil’s Vasco da Gama sells $333m stake to US investor 777 Partners

February 22 – Miami-based investment firm 777 Partners have reached a deal to acquire a majority stake in Vasco da Gama, the Rio club have announced. 

Read more …

Europe

Boston Celtics owner Pagliuca buys control of Serie A’s Atalanta for estimated $450m

February 21 – After initially denying reports they were selling, Atalanta have become the latest Italian top-flight club to do a deal with American investors – this time led by Boston Celtics co-owner Stephen Pagliuca.

Read more …

Finance

Thai-controlled Leicester cut their losses – but debt jumps to £217m

By David Owen

February 18 – Leicester City, the Thai-controlled English FA Cup holders, have posted a pre-tax loss of £33.1 million for the year to end-May 2021 – about half the prior year’s level.

Read more …

Finance

OL reports first half revenue boost as covid retreats and fans return

Olympique Lyonnais badge

February 17 – France’s OL Groupe, owners of Ligue 1 Olympique Lyon, is reporting a first half return to profitability for the 2021-22 season with revenues up 7% from the same period in 2020-21 to €75 million.

Read more …

Europe

Belgian clubs report combined €139m loss

February 10 – Belgium’s 26 professional clubs registered total record losses of €139 million last year (2020-21 season), the bulk of it a result of the coronavirus crisis.

Read more …

Finance

Man Utd’s €1bn player trading shortfall tops Europe’s super-spending league, Man City 2nd

Manchester clubs

February 10 – Manchester United have a negative balance of more than €1 billion on player transfer trading over the past decade. Add in Man City’s €984 million deficit and the 10-year account for Manchester shows a whopping €2 billion deficit.

Read more …

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