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.
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.
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.
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.
August 9 – FC Barcelona has joined Real Madrid in protest against La Liga’s proposed CVC investment.
By Paul Nicholson
August 6 – Inter Milan president Steven Zhang (pictured) is being pursued in a Hong Kong court for $250 million, according to documents filed August 2, 2021.
August 6 – Real Madrid have condemned the La Liga – CVC brokered deal that will see the private equity firm invest €2.7 billion in Spanish football in exchange for a 10% stake, with the Bernabeu giants calling parts of the deal “deceptive” and CVC “opportunistic”.
August 5 – La Liga has agreed a €2.7 billion cash injection with private equity firm CVC who will take a 10% stake in a new company set up to handle LaLiga’s commercial business.
August 4 – Juventus are to issue new shares in a bid to raise up to €400 million. The refinance is being run by with Goldman Sachs, J.P. Morgan and other banks acting as “global coordinators” and “joint bookrunners”.
July 30 – Spanish giants FC Barcelona have received a triple B negative rating from credit rating agency Fitch, which the club, burdened by debts and operating on a ‘shoestring’ budget, considered a vote of confidence.
By David Owen
July 28 – The European football market shrank by 13% to €25.2 billion in 2019-20 – the first reduction in revenues since the global financial crisis, according to new data from Deloitte, the professional services firm.
July 26 – Gerard Lopez has been confirmed as the new owner of Girondins de Bordeaux, saving the Ligue 1 club from bankruptcy.
July 23 – Olympique Lyonnais have reported €177.4 million of revenuefor2020/21, a drop of €94.1 millionfrom the €271.6 million reported in 2019/20 (a 35% reduction).
July 21 – OL Groupe, owner of French Ligue 1 club Olympique Lyonnais, has issued €800,000 in new shares to members of its men’s and women’s playing squads as part payment for wages.
July 9 – Kylian Mbappé may have missed a penalty at the Euros, but he is still the world’s most valuable player at €175 million, according to updated player market value estimates by KPMG Football Benchmark.