Pacific Media completes 7th club deal with Den Bosch acquisition
September 4 – The Pacific Media Group (PMG) has completed the takeover of Dutch club FC Den Bosch following the green light from the local licensing committee.
Finance
Premier League transfer spending drops but still tops £1bn
September 1 – English Premier League clubs spent over £1 billion in the summer transfer window that closed on Tuesday – but overall spending dropped for the second year in a row.
Real Oviedo opt -in to LaLiga’s new money deal; Barca, Real and Bilbao isolated
September 1 – Spanish second division club Real Oviedo have belatedly opted in favour of La Liga’s €2.1 billion agreement with private equity firm CVC.
FIFA report breaks down $48.5bn spent on player trading
August 31 – An eye-watering $48.5 billion (€41.1 billion) was splashed out on international transfer fees over the past decade, almost half of which was spent by the top 30 clubs with English clubs leading the way, according to a new FIFA report.
Europe’s covid-closed stadia saw €2bn of revenue lost
August 25 – Europe’s top five leagues took a €2 billion revenue hit last season because of the season being forced to be played behind closed doors due to global health crisis, according to a report by consultancy KPMG.
Perez goes back to old pals at JP Morgan in bid to kill LaLiga’s €2.1bn CVC deal
August 24 – Florentino Pérez is not a man to be held hostage. After rebelling against the CVC-La Liga agreement, the Real Madrid club president has opened negotiations with JP Morgan for a deal of his own.
RIP Chievo Verona; former Serie A club folds after failure to find money for new season
August 23 – Chievo Verona is no more. Having been demoted to Serie D following an inability to meet Serie B financial solvency criteria, the club failed to find an investor to enable it to continue and will now fold.
UEFA plans €6bn club relief fund and vigorous revamp of FFP
By Samindra Kunti
August 19 – UEFA is planning a €6 billion relief fund to help leading European clubs survive the global health crisis that has ravaged the football industry.
Barca boss Laporta outlines debt of €1.35bn and wage bill at 103% of club’s income
August 17 – FC Barcelona president Juan Laporta (pictured) has revealed that the club’s debt has risen to a staggering €1.35 billion with the Catalan supremo blaming his predecessor for the unprecedented financial crisis that also led to the departure of talisman Lionel Messi.
LaLiga clubs vote for CVC €2.1bn cash injection but Barca and Real Madrid opt out
By Samindra Kunti
August 13 – On the eve of the new Spanish season, the value of La Liga’s deal with private equity firm CVC dropped from €2.7 billion to €2.1 billion after four clubs voted against and opted out.
PSG boss Al-Khelaifi says Messi signing will not put club in FFP breach
August 12 – Paris Saint-Germain president Nasser Al-Khelaifi has insisted that his club are complying with Financial Fair Play (FFP) regulations after signing Lionel Messi.
Real Madrid to go to court to stop CVC’s €2.7bn deal with LaLiga
By Samindra Kunti
August 11 – Real Madrid will take legal action against La Liga and investment fund CVC to block a proposed deal between the two parties, which would see the equity firm invest €2.7 billion in the Spanish professional game.
Bayern boss Kahn calls for player salary cap to help clubs through financial crisis
August 10 – He may be new to his high-profile role, but Bayern Munich CEO and former goalkeeper Oliver Kahn (pictured) has dived straight in to tackle perhaps the biggest issue in the club game, and called for a salary cap.
No fans in Westfalenstadion pushes Dortmund to €72m loss
August 10 – German giants Borussia Dortmund have reported a loss of €72.8 million for the 2021/21 financial year, up from the €44 million loss reported in the previous year.
Newcastle’s £26m deficit completes grisly campaign for Premier League club finances
By David Owen
August 9 – Newcastle United, the Tyneside club still for now under the control of Mike Ashley, has finally published its accounts for the 2019-20 season, showing a pre-tax loss of £26 million.