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Finance

Baller League competes €23m financing round with Apex and its athlete investors

January 29 – Sports investment firm Apex has invested in the rapidly growing six-a-side Ballers League, alongside a roster of its football stars – including Diogo Dalot, Diogo Jota, Mason Mount, José Fonte, André Silva, and Ferdi Kadıoğlu – who are participating financially in the league.

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Finance

Court returns £3.6m to West Ham from LLDC’s profit share in sale of 27% club stake

January 29 – West Ham United have not had the happiest of times since moving from their much beloved Upton Park to the London Stadium, however, the club is potentially now £3.6 million better off after winning a court case against The London Legacy Development Corporation (LLDC), which owns London Stadium.

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Finance

Football’s first million dollar woman surfs financial wave all the way to Chelsea

January 27 – The deal is done, a momentous moment for the women’s game. Naomi Girma has become the first million-dollar transfer in women’s football history.

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Europe

Ambitious plans announced for Benito Villamarín Stadium revamp in Betis

January 23 – Real Betis have released new renderings of their ambitious plan to modernise the Benito Villamarín Stadium in Seville, with construction slated to begin at the end of the current season.

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Finance

Europe’s top 20 clubs generate record €11.2bn in revenue for 2023/24 season

January 23 – The top 20 revenue generating clubs in world football reported a record €11.2 billion in the 2023/24 season.

More than €7.5 billion of that figure was generated by the top 10 clubs, with six of the top 10 playing in the English Premier League.

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Finance

Revenue ranking sees Real Madrid break €1bn mark; Man City ahead of PSG and Man Utd

money flying

January 22 – Real Madrid have set a new world revenue record, becoming the first football club in history to pass the €1 billion mark in operating revenue for the 2023/24.

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Finance

Wanted, superhero: Hollywood star debuts in England’s steel city

January 22 – The lure of English football from across the pond is as strong as ever, and Hollywood continues to be the go-to destination to find investors. Marvel director, Joe Russo is the latest to try his luck, in the steel city of Sheffield as he has joined the board of Championship side, Sheffield United.

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Finance

Angel City FC co-founder Nortman poised to invest in Chelsea Women

January 21 – Kara Nortman, co-founder of the National Women’s Soccer League’s (NWSL) Angel City FC, is reportedly considering a move across the Atlantic to invest in reigning English champions Chelsea Women.  

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Finance

Everton escape further points deduction for financial foul play

January 20 – Everton have avoided another points deduction with a complaint brought by the Premier League regarding spending rules being discontinued.

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Finance

Top European women’s clubs see revenue growth break €100m as sponsor and UEFA money grows

January 20 – The top 15 women’s clubs in Europe have passed the €100 million revenue mark for the first time, with cumulative revenues of €116.6 million in the 2023/24 season – a 35% year-on-year growth.

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Finance

Reynolds and McElhenney’s club investment group buys Colombia’s La Equidad

January 17 – A US consortium, fronted by real estate investor Al Tylis and Club Necaxa executive Sam Porter, and featuring Hollywood actors Ryan Reynolds and Rob McElhenney (pictured), has acquired over 99% of Colombian football team Club Deportivo Seguros La Equidad.

Read more …

Finance

Serie A’s Hellas Verona completes sale to US private equity fund Presidio Investors

January 16 – US private equity fund Presidio Investors have completed their takeover of storied Italian club Hellas Verona.

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Finance

Kroenke redefines his sports properties to leverage assets and expertise globally

January 15 – In 2007, Stan Kroenke’s KSE UK inc. purchased a 9.9% stake in Arsenal Football Club. Eleven years later, Kroenke, the owner of Arsenal Holdings plc bought the entire club.

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Broadcast

Saudi-owned SURJ set to spend $1bn on DAZN stake

January 15 – After months of speculation, Saudi Arabia is closing in on a $1 billion investment in sports streaming platform DAZN, offering the Arab Kingdom a sports broadcasting arm and home to sports rights properties. 

Read more …

Finance

Ranking highlights top U23 targets in transfer window

January 15 – The CIES Football Observatory has unveiled the top U23 players outside Europe’s big five leagues who appear most prepared to take the next step in their careers, based on an index that evaluates a variety of data.

Read more …

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