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Finance

End of the road for King Street as Bordeaux hangs out For Sale board

March 3 – US private equity investor King Street has put French Ligue 1 side Girondins de Bordeaux up for sale as the club’s finances come under increasing strain due to the Covid-19 pandemic. 

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Finance

Chiliz earmarks $50m for launch of Fan Token crypto into US sports market

March 3 – Blockchain business Chiliz is ploughing $50 million into the launch of its Fan Token cryptocurrency business into the US market, targeting clubs in America’s major leagues.

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Finance

Roma’s new stadium plan shelved as first half losses hit €74.8m

March 2 – Italian top-flight soccer club AS Roma have abandoned plans for a new stadium, after suffering a net loss of €74.8 million for the last six-month financial period ending at the end of December 2020.

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Finance

Liverpool owners FSG poised to sell off £750m stake to RedBird Capital

March 1 – Liverpool owners Fenway Sports Group (FSG) are reportedly on the verge of agreeing the sale of 10%  in the holding company for a reported $750 million.

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Finance

Juve continues to bleed red with €113m first half loss

February 26 – Juventus’s plummeting revenue due to the Covid-19 pandemic has resulted in a loss of €113 million for the first six months of the 2020-21 season.

Read more …

Finance

AC Milan crypto launch raises $6m as early trading volumes top $50m

February 26 – Blockchain-driven Fan Tokens – football’s version of cryptocurrency – saw  AC Milan the latest club to launch with their $ACM Fan Token debuting on Binance, the world’s biggest cryptocurrency exchange, and raising more than $6 million in new digital revenue in a matter of hours.

Read more …

Europe

DFL readies tender for international rights sell off to private equity investors

February 25 – The German Football League (DFL) is to invite investment bids for a minority stake in its overseas media rights business, according Bloomberg.

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Finance

Everton get Liverpool’s approval to build £500m new stadium

February 24 – On Merseyside, Everton are flying high. Following their first derby win in 22 years at Anfield against arch rivals Liverpool, the club’s plans for a 52,000-seat stadium were unanimously approved by the local city council.

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Finance

Mbappé, Kane and Sterling top transfer values, Messi drops €27m, Delle Ali €15m

February 23 – Kylian Mbappé may still be worth €185 million and Harry Kane alongside Raheem Sterling may still be the world’s second most valuable players at €125 million, but overall the values of players have dropped more than 10% during the pandemic, according to the latest data from KPMG Football Benchmark.

Read more …

Finance

Legia Warshaw to launch $LEG fan token on Socios.com platform

February 23 – Poland’s Legia Warsaw has become the latest football club to join Socios.com’s blockchain-based fan token platform with the launch of the $LEG Fan Token.

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Finance

Louis-Dreyfus family back in football with Sunderland takeover

February 19 – At the age of just 23, Kyril Louis-Dreyfus is the new chairman of English League One club Sunderland – a hugely supported club which in recent years has punched well below its weight – after his takeover was approved by the English Football League.

Read more …

FIFA

FIFA report shows January transfer market fell off a $1.16bn cliff to $590m

money and football

By Paul Nicholson

February 18 – FIFA has released an international ‘Transfer Market Snapshot’ report that shows the impact of the pandemic on player movement is “even more severe” than it 2020 Global Transfer report.

Read more …

Europe

OL’s Aulas calls on players to share the pain with 25% pay cut, offset by a share deal

February 18 – Lyon President Jean-Michel Aulas has asked his players to take a pay cut in a bid to mitigate the financial fallout of the Covid-19 pandemic and loss of Ligue 1 TV rights revenue. 

Read more …

Finance

Seven Serie A clubs put block on €1.7bn CVC deal arguing it undervalues rights

February 18 – Serie A’s €1.7 billion private equity deal for a 10% stake in the league’s newly created media business looks to have been scuppered.

Read more …

Finance

Serie A’s Spezia bought by Platek family from the US

February 12 – Robert Platek and his family have become the latest Americans to take ownership of an Italian club, having completed the takeover of Serie A’s Spezia.

Read more …

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