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Finance

MLS raises salary cap to $11.6m in 5-year deal with its players

February 7 –  Major League Soccer and the MLS Players Association (MLSPA) have agreed a five-year collective bargaining agreement that will increase pay and improve conditions.

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Finance

Premier League clubs fork out 98% of £230m winter transfer spend on foreign talent

money and football

February 3 – Premier League clubs spent close to £25 million on the final day of the  January transfer window, pushing their overall spending to a total of £230 million, £50 million more than last year but still well short of the £430 million record of 2018.

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Finance

OM losses mount with latest figures hitting €91.5m

February 3 – Olympique Marseille are starring down the barrel of financial disaster again after the accounts of holding company Eric Soccer revealed a deficit of €91.5 million for the 2018-2019 season, surpassing the mammoth €78.5 million loss of the 2017-2018 financial year. 

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Finance

Mourinho shops with Spurs’ cash as winter transfer window tops £185m

PL money ball

January 31 – Transfer spending by English Premier League clubs in January increased from last year’s winter window following two major deals on the penultimate day of business.

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Europe

Irish government bails out FAI with promise of annual €2.5m loan, interest free

January 31 – The future of the embattled Irish Football Association (FAI) has been saved after the Irish Government agreed to double its funding and give the federation an interest free loan of €2.5 million annually for the next three years as part of a refinancing arrangement.

Read more …

Finance

More Premier League red ink as West Ham announce £28m loss

By David Owen

January 29 – West Ham United, the East London club battling to avoid Premier League relegation, have become the latest English top-tier outfit to post a loss for the 2018-19 season.

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Finance

Money talks: has Ashley hooked a real £340m buyer for Newcastle?

January 27 – The annual talks of a sale of Newcastle United by owner Mike Ashley have begun again with the Saudi Arabian Public Investment Fund (PIF) this time round being the buying party for £340 million.

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Finance

DFL takes equity stake in Movez mobile app start up

January 27 – Germany’s DFL has moved beyond its traditional football business and acquired an equity stake in MOVEZ, a mobile app start-up for football skills evaluation.

Read more …

Finance

FIFA TMS records 5.1% jump in player sales to $7.35bn for 2019  

January 23 – Football clubs worldwide splashed out a record $7.35 billion (€6.63 million) on transfers in the men’s game in 2019, according to the latest FIFA report.

Read more …

Finance

Red Bull gives you (money) wings, but Brøndby fans tell energy drink to fly off

January 23 – Energy drink giants Red Bull, which already owns clubs in Germany, Austria, the USA and Brazil, are now reportedly targeting Brøndby, one of Denmark’s biggest teams where there is fierce opposition to the move.

Read more …

Finance

Financial blues at Chelsea and Everton show UEFA complacency is unjustified

money

By David Owen

You would never guess from the complacent tone of the new UEFA club licensing benchmarking report, but January 2020 may be set to go down as a turning-point in English, and therefore European, club finances – and not in a good way.

Read more …

Finance

New stadium thinking could offer Europe’s clubs a revenue lifeline

January 20 –  With all indicators pointing to a significant slowdown – and for many leagues a decline – in broadcast revenues, a section of the just published UEFA Benchmark report points to a clear area of growth opportunity.

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Finance

Rooney-inspired Derby face points deduction after falling foul of finance rules

January 17 – English Championship club Derby County have been charged by the English Football League (EFL) for a breach of spending rules and face a possible points deduction.

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Europe

Europe’s leagues generate record €21bn but obesity warnings issued on Big 5 clubs

January 17 – The 712 top-flight clubs in Europe’s 55 leagues earned a record €21 billion in the 2018 financial year, up by 20% according to the latest “benchmarking” report from UEFA.

Read more …

Finance

Everton come unstuck with towering £111.8 m loss as Usmanov lurks in wings

By David Owen

January 15 – Everton have become the second Premier League club this month to report losses of more than £100 million. 

Read more …

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