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Finance

Barca report €481m losses but says wage cuts and Nou Camp reopening will return profit

October 5 – FC Barcelona has confirmed losses for the covid-hit 2020/21 financial year at €481 million after tax. Revenue for the year was €631 million while expenditure had boomed to a massive €1.136 billion.

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Finance

Inter Milan losses top €246m for covid-hit season

October 1 – Serie A champions Inter Milan have posted a mammoth loss of €246 million for the 2020/21 financial year. 

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Finance

Buyers lining up for Derby takeover, says administrator

Derby County

September 27 – Administrators for English Championship side Derby County say there is a “considerable degree of interest” in purchasing the club despite them being deducted 12 points and plummeting to the bottom of the table.

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Finance

Serie A’s Genoa sold to US investors 777Partners for $178m

September 24 – Genoa, Italy’s oldest professional football club, has become the sixth team in Serie A to come under US ownership. Two other clubs in Serie A have foreign ownership.

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Europe

UEFA doubles Women’s Euro 2022, prize money; increases men’s club solidarity payments

uefa flag

September 23 – UEFA’s Executive Committee has doubled the prize money for the Women’s Euro 2022 championships as well as revamping its solidarity payments for the men’s club game.

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Finance

Derby docked 12 points as losses mount and administrator scrambles to find a buyer

September 22 – Derby County, league champions twice in the 1970s and one of the grand old teams of English football, have been hit with a 12-point deduction after falling into administration.

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Europe

Cambodian prince offers €100m for Saint-Étienne

September 22 – Cambodian prince Norodom Ravichak has expressed interested in taking over Saint-Étienne, reportedly offering €100 million for the Ligue 1 club. 

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Finance

Beckham and Mas brothers take InterMiami control with Ares-backed deal

September 21 – Ares Management Corporation, an American global alternative investment manager, has closed a $150 million preferred equity deal with Inter Miami CF. 

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Finance

Bleeding out: Juve to seek new money after posting record losses of €210m

September 20 – Juventus have recorded a mammoth loss of €209.9 million for the 2020/21 season, but still remain convinced of a future European Super League as the solution to the club’s deep financial problems. 

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Finance

Borussia Dortmund raises €86.5m via issue of new shares

September 20 – Bundesliga giants Borussia Dortmund has agreed to the raising of €86.5 million via an increase in share capital. The new money will be used to cover the economic impact of the global pandemic on its finances.

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Finance

Derby hit new low as club goes into administration

Derby County

September 20 – English championship club Derby County, twice crowned champions of English football back in the 1970s in the old first division, have filed for administration amid continued financial problems at the club.

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Europe

Barca debt tops €1.35bn driven by out-of-control player wages. Laporta puts focus on youth

September 17 – Barcelona’s president has painted a grim picture of the full extent of the club’s financial crisis, saying its debt had risen to an eye-watering €1.35 billion.

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FIFA

FIFA’s ‘transfer snapshot’ shows $2.08bn drop in total revenue from 2019 high of €5.8bn

Transfer money record

September 13 – With transferred players bedding themselves into their new clubs for the coming season, FIFA has published its International Transfer Snapshot (June – August 2021), that looks at player transfer activity during the last transfer window.

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Finance

Billion $ Manchester. City and United top ranking of squad transfer cost

September 10 – Manchester City continue to top a ranking of club spending on transfer fees to assemble their squads, but Manchester United are getting close.

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Finance

Serie A re-opening talks on €1.7bn of new finance

September 7 – Italy’s Serie A is reportedly back in the hunt for private equity finance plans with Bloomberg indicating they are looking to sell a €1.7 billion stake in the league’s new media rights business.

Read more …

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