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Finance

Bundesliga clubs turn down private equity cash to go it alone, ‘for now’

May 19 – Bundesliga clubs have turned down interest from private equity investors expressing an interest in investing in a minority stake in the newly created entities that will sell the league’s international rights.

Read more …

Finance

Bundesliga clubs to vote on €500m private equity bidders

May 17 – The German Football League’s (DFL) raising of €500 million from venture capital markets will move into the next phase on Wednesday when club vote on plans that effectively move second round bidders into a final negotiation for a stake in the Bundesliga’s overseas rights.

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Finance

Argentina FA to join crypto community with Socios.com fan token launch

May 14 – Socios.com have expanded their blockchain driven Fan Token cryptocurrency platform from clubs to national federations, with The Argentine Football Association (AFA) being the first to sign on for the launch of the national team’s Official $ARG token.

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FIFA

FIFA wage fund shells out $3m+ to unpaid players in 2020 with $4m expected in 2021

May 14 – A joint project between FIFA and FIFPro to help players whose salaries were not paid has sent $2 million to more than 400 applicants from Greek and Turkish clubs.

Read more …

Finance

Transfer trends: Player market values stagnate, but Haaland, Foden and LLorente show increases

May 13 – A re-evaluation of player market values (an indicator of potential transfer fees) by the KPMG Football Benchmark has found that “player values have been stagnant over the past six months, and most players have still not regained their ‘pre-pandemic’ market value.”

Read more …

Concacaf

Sale of MLS side Orlando City could hit $450m

Orlando City

May 11 –  MLS club Orlando City SC is close to changing hands with reports that majority owner Flávio Augusto da Silva is completing a deal with the Wilf family, owners of the NFL’s  Minnesota Vikings.

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Europe

Serie A winners Inter in talks with players over wage freeze

May 10 – Newly crowned Italian champions Inter Milan have asked their players to freeze two months of wages to head off a financial crisis.

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Finance

Derby’s battle for Championship survival will be about money, not just points

Derby County

By Paul Nicholson

May 7 – The English Championship finishes its season tomorrow with focus not on promotion but on the relegation battle between two of England’s former club giants turned financial horror stories.

Read more …

Finance

Serie A partners with Crypto.com and NFTs from Atalanta vs Juve Coppa Italia final

May 7 – Italy’s Serie A has become the first football league to embrace the potential of cryptocurrency, unveiling Crypto.com as a partner and launching the collaboration at the Atalanta vs Juventus Coppa Italia final (May 19) with a special NFT collection, including the official trophy and match highlights.

Read more …

Finance

RedBird lands on Malaga, acquiring minority stake

May 7 – RedBird Capital Partners have invested in plagued Spanish club Malaga, building a football club portfolio alongside Fenway Sports Group (FSG).

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Europe

English FA hard hit by covid but still in profit

FA logo on Wembley

By David Owen

May 4 – The Football Association managed to report a small profit and to invest nearly £150 million in the sport in 2019-20, in spite of being hard hit by the early months of the covid pandemic.

Read more …

Finance

Liverpool bank borrowings increase in lossmaking 2019-20 financial year

By David Owen

April 28 – The value of long-term bank loans on Liverpool’s balance-sheet almost quadrupled in size in 2019-20 to stand at just under £197 million on May 31. But year-end cash was up by a similar proportion at £149.3 million.

Read more …

Finance

Super League rebels Liverpool report £46m loss

By David Owen

April 27 – European Super League rebels Liverpool have added to the torrent of red ink gushing over the Premier League, posting a pre-tax loss of £46 million for the year to end-May 2020.

Read more …

Finance

Music to Arsenal fans’ ears. Spotify boss Ek ready to join consortium to buy out Kroenke

April 27 – Spotify owner Daniel Ek has expressed interest in acquiring Arsenal and is reportedly preparing a bid, along with club legends Thierry Henry, Dennis Bergkamp and Patrick Vieira.

Read more …

Europe

Greed isn’t good. JP Morgan apologises for role in facilitating ESL fiasco

April 26 – US bank and Super League backer JP Morgan has apologised for its role in the European Super League (ESL) fiasco, admitting that it misjudged the reaction from fans.

Read more …

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