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Finance

OL keeps pandemic losses to €34m, but pegs lost revenue at €150m

Olympique Lyonnais badge

October 27 – OL Groupe, the holding company of Ligue1 club Olympique Lyonnias, has officially reported a loss of €33.9 million for the Covid-hit 2020/21 season, the first time the group has reported a loss since it moved to its Groupama Stadium nine years ago.

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Finance

US investor declares interest in buying Derby County

Derby County

October 26 – US businessman Chris Kirchner has thrown his hat into the ring as the search for a buyer of iconic English club Derby County, who have been in administration for five weeks, continues.

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Finance

Covid-blighted PSV Eindhoven register €23m loss topped off by a 5-0 defeat at Ajax

October 25 – Blaming the coronavirus pandemic, PSV Eindhoven has registered a loss of €23.2 million for the 2020-21 season. 

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Europe

Anderlecht get €93m injection in bid to restore fortunes

By Samindra Kunti

October 25 – Can new winds, fresh capital and debt restructuring rejuvenate Anderlecht? Existing shareholders and new investors are set to inject the equivalent of €93 million into the club’s finances, while CEO Jos Donvil will be exiting the club. 

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Finance

Wolves bring in new US shareholder with PEAK6 acquiring minority stake

October 20 – US finance and technology firm PEAK6 has bought a minority stake in Premier League Wolverhampton Wanderers via Wolves holding company Fosun Sports.

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Finance

Premier League hit Newcastle United in the wallet with block on Saudi sponsorships

October 18 – Premier League clubs have voted to block new Newcastle sponsorship deals with companies linked to the club’s new owners.

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Finance

Haaland overtakes Mbappe as world’s most valuable player

money and football

October 15 – Borussia Dortmund striker Erling Haaland has overtaken PSG’s Kylian Mbappé as the most valuable player in the world with a market value of €144 million, according to new analysis by the KPMG Football Benchmark.

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Finance

Financial mess(i). Qatar owners put €171m into PSG to cover pandemic losses

PSG dreams

October 15 – The Qatari owners of Paris Saint-Germain have injected another €171 million into the club to help ease the financial burden created by the global health crisis.

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Finance

Belgians close tax loophole and target €30m in player social security payments

October 14 – The Belgian government has revised the fiscal regime for domestic clubs, targeting capped social security contributions with the aim of bringing in €30 million. 

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Finance

Lazio join Italian crypto club revolution with €30m+ Binance deal

October 14 – Serie A’s Lazio has struck a €30 million deal with Binance that will see the cryptocurrency exchange giant become the club’s main shirt sponsor as well as launch the $LAZIO fan token.

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Europe

LFP’s Labrune says sale of stake in commercial subsidiary could raise €1bn

October 12 – France’s Ligue de Football Professionnel (LFP) president Vincent Labrune has said the league’s new commercial subsidiary could raise €1 billion with an investment partner that will be key to the survival of French professional football. 

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Finance

New toon on Tyneside. Saudis take control of Newcastle United

By Andrew Warshaw

October 8 – Newcastle United, one of the English game’s proverbial sleeping giants, look set to become European football’s latest superpower after the long-drawn-out £300 million+ takeover of the club by a Saudi Arabian-backed consortium was finally completed.

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Europe

Man City and United squads top Euro club transfer value ranking at €1.2bn+, Barca still 4th

money and football

October 8 – Manchester’s two Premier League giants top a European ranking of highest squad transfer values, with both United and City worth more than €1.2 billion. Their nearest rival is Chelsea who are more than €200m behind them with an estimated squad value of €946 million.

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Finance

Barca CEO says ESL was a move against state-backed clubs to find a better money model

October 7 – FC Barcelona have formally reported their mammoth loss of €481 million for the 2020-21 season, with CEO Ferran Reverter going on the record saying that the Catalans backed the breakaway Super League as their life raft to a more sustainable financial model in the long run. 

Read more …

Finance

Glazers put 9.5m Man Utd shares on sale, valued at $186.6m

Man Utd3

October 6 – The Glazer family, Manchester United’s owners, have put up another 9.5 million shares, with a value of $186.86 million for sale.

Read more …

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