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Finance

Transfer business is still the big money playground but Covid has slowed player inflation

October 8 – The biggest impact the Covid pandemic has had on football’s transfer market is to slow down the inflation of players’ prices that in the 2019 window, where like-for-like player transfer price inflation was running at 15%.

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Finance

Serie A postpones new money meeting as venture capitalists refine offers

October 7 – Serie A has once again postponed a meeting to assess bids by private equity funds for a stake in the league’s broadcasting rights as the bidding war between the interested parties intensifies. 

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Finance

OL posts €45.9m profit but puts the cost of covid at €100m

Olympique Lyonnais badge

By Paul Nicholson

October 7 – OL Groupe, owner of French Ligue 1 club Olympique Lyonnais, has announced 2019/20 year end revenue of €271.6 million and an impressive pre-tax profit of €45.9 million considering the impact of the coronavirus pandemic.

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Finance

Debt surges to €488m at Messi’s Barça as Covid hits all revenue streams

Barcelona logo

By David Owen

October 6 – Spanish giants Barcelona have reported an after-tax loss of €97 million and a more than doubled net debt-load, as Covid-19 took a heavy toll on last season’s financial results.

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Finance

Hola Wigan. Un-named Spanish buyer puts deposit down for club

October 1 – A Spanish investor has agreed to buy  beleaguered English club Wigan Athletic after paying “a substantial deposit”,  the League One club’s administrators have announced.

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Finance

England’s non-league top tiers secure government support for length of fan lock out

September 30 – Clubs in the fifth and sixth tiers of English football, fearful of going out of business, are to receive an emergency grant from the government to enable them to start their new season this weekend.

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Europe

Serie A boss De Servio pegs club losses at €500m and counting

September 29 – After the government rejected Italian football’s proposal for more fans to be allowed at stadiums, Serie A boss Luigi De Siervo (pictured)  has said that the top flight has lost more than €500 million because of the coronavirus pandemic.

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Finance

Major football sponsor Qatar Airways lands $2bn advance after ‘difficult’ year

By David Owen

September 29 – Prominent FIFA sponsor Qatar Airways has received a helping hand from the Qatar government after what it described as “one of the most difficult years in the airline’s history”.

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Finance

US investor Krause Group takes over at Serie A’s Parma

Parma fans

September 29 – Serie A’s Parma, is under new ownership with US-based Krause Group have taken a 90% stake in the club.

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Finance

Chinese owner of Granada, Jiang, goes missing in action leaving a pile of debt

September 25 – A Chinese businessman who owns controlling stakes in LaLiga’s Granada and Portuguese club Tondela is facing bankruptcy proceedings in Hong Kong over a mountain of unpaid bills and debt. 

Read more …

Finance

US investor ALK opens Burnley talks, Saints deal still to close with DaGrosa

September 25 – Burnley could become the latest American-owned Premier League club with ALK Capital reportedly in talks to buy the club.

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Finance

England’s National League clubs go to government for ‘critical’ financial aid

September 25 – English football’s National League, just below the fourth division in the professional pyramid, are in talks with the government and Football Association over a “critical financial support package” as clubs risk even more losses because of Covid-19.

Read more …

Finance

Trabzonspor go crypto with Fan Token sale raising $650K in 5 minutes

September 23 – Turkish club Trabzonspor are the latest to launch their own blockchain crypto-based Fan Tokens on the Socios.com platform, selling an initial 625,000 $TRA Fan Tokens in less than 5 minutes.

Read more …

Finance

Chelsea say Abramovich broke no rules in owning rights to players at other clubs

Roman Abramovich_18-05-121

September 21 – Roman Abramovich, the Russian oligarch bankrolling English Premier League club Chelsea, faces accusations of holding secret investments in players not owned by his club.

Read more …

Europe

After 146 years of play, court winds up Macclesfield Town

September 21 – While top-flight clubs continue their summer transfer window spending, at the other end of the scale, 146-year-old Macclesfield Town has been wound up over debts totalling more than £500,000.

Read more …

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