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Finance

Forest chair Randall champions Marinakis and making the club ‘fit for purpose’

June 1 – Nottingham Forest’s new chairman, Nicholas Randall QC, has written an open letter to the club’s fans outlining the management plans for club and shedding more light on the new owners and in particular Evangelos Marinakis, also the owner of Greek champions Olympiacos.

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Finance

Spurs secure £400m bank loan to complete £740m stadium build

June 1 – Premier League Tottenham Hotspur have agreed a £400 million five-year bank loan to support the construction of the club’s new 61,500 seat new stadium. The facility is being provided by Bank of America Merrill Lynch, Goldman Sachs and HSBC Bank.

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Finance

Man Utd beat Barca and Real to top Euro financial league, Spurs knock PSG out of 10th spot

By Paul Nicholson

May 31 – The latest KPMG Football Benchmark report on the Enterprise Value of clubs is ultimately a homage to Manchester United and the Premier League’s bumper television rights deal.

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Finance

Former Liverpool CEO Ayre quits 1860 Munich over lack of ‘common interest’

Ian_Ayre_in_front_of_Liverpool_logo

May 31 – Former Liverpool CEO Ian Ayre has stepped down from his role as managing director at German club 1860 Munich after less than two months.

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Finance

From bust to boom. Huddersfield Town win £170m game to enter PL promised land

May 31 – It may not be quite as remarkable a fairytale as Leicester City’s Premier League title a year ago but Huddersfield Town are the latest club to defy the odds – and all financial logic – by grabbing a spot in English football’s top flight.

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Finance

Chelsea top PL earnings with £152.8m; Man City, Liverpool and Spurs break up old order

May 26 – Chelsea topped the table of Premier League revenue share from TV, commercial and merit awards with £152.8 million for the 2016-17 season. The season marked an earnings breakthrough for Manchester City who came second, ahead of rivals and perennial cash machine Manchester United who were down in fifth spot in terms of PL earnings.

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Finance

Juve and Porto head to Mexico for inaugural Super Copa Tecate

May 25 – With Europe’s giant clubs preparing for their pre-season invasion of the US for the International Champions Cup (ICC), Mexico is also looking to share in the Euro thirst for North America hosting Champions League finalist Juventus and Porto in the pre-season Super Copa Tecate.

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Finance

Mercurial Cellino exits Leeds leaving Radrizzani in charge of rebuilding

Leeds United

May 24 – After hiring seven managers and being banned three times, Massimo Cellino’s spell as owner of Leeds United is over, with Italian businessman Andrea Radrizzani taking charge of the giant English club which is still striving to get back to the top flight.

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Finance

Former Barca president Rosell arrested as his Brazil-focussed deal-making starts to unravel

Sandro Rosell

By Andrew Warshaw

May 23 – In a major development apparently linked to the ongoing United States probe into football-related corruption, former Barcelona president Sandro Rosell has been arrested, along with his wife, as part of a money laundering investigation.

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Finance

Wolfsburg run out of gas as uncertainty of VW funding leaves cloud over future

May 23 – The German top-flight team owned by Volkswagen face relegation for the first time in 20 years as the carmaker continues to suffer from the fallout of the emissions scandal.

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Finance

Eisner overtures chime at Pompey with supporters trust set to sell up

fratton park

May 23 – American billionaire businessman Michael Eisner is poised to take control of Portsmouth, one of English football’s most iconic but, in recent years, troubled clubs after its Supporters Trust (PST), which took control in 2013, voted to sell its 48.5 per cent share.

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Finance

Man Utd Tour 2017 keeps growing with addition of Dublin fixture

May 23 – Manchester United have added a seventh game to what is starting to look like a pre-season globetrotting marathon. They will play against Sampadoria in Dublin on August 2 at the Aviva stadium.

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Finance

Livingston £3.8m share issue to cut debt and raise cash to invest in squad and facilities

May 22 – Livingston, newly promoted to the Scottish Championship, is looking to raise up to £3.8 million via a share issue but the club says that there are no plans to pay investors a dividend. Shares are priced at £1 each.

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Finance

Marinakis takes control at Nottingham Forest and sets sights on return to ‘glory days’

By Paul Nicholson

May 18 – The long expected sale of Nottingham Forest has been completed with NF Football Investments (NFFI), headed by Olympiacos owner Evangelos Marinakis, taking 100% control.

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Finance

Chinese siblings take control at Reading and get a second shot at Premier League

May 17 – Chinese brother and sister Dai Yongge and Dai Xiu Li (pictured) who failed to complete on the acquisition of Hull City last year after the Premier League ruled against their deal, may become Premier League club owners after all having become the majority shareholders in Reading.

Read more …

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