Beşiktaş and Vodafone sign Turkey’s biggest ever sponsorship

Besiktas stadium

By Mark Baber
August 21 – Beşiktaş has signed a $145 million deal with Vodafone, the club revealed in a statement on the Turkish Stock Exchange. The deal, including shirt sponsorship and sponsorship of the new Beşiktaş stadium which will be named the ‘Vodafone Arena’, is a timely one for the Istanbul club who have debt of about €100 million.

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Valencia audit find debt has been cut and ‘positive’ signs

Valencia fans

By Jake Gable
August 20 – Valencia have revealed that the club’s debt now stands at €275.7 million (£235.1 million) after a due diligence report by consultancy firm KPMG. Club president Amadeo Salvo explained that the Spanish club’s debt has reduced by €66 million (£56.3 million) since 2008 and described the economic management as “positive”, however there are still general concerns for the state of financial health for many La Liga clubs, especially under new FFP (Financial Fair Play) rules and regulations set out by governing body UEFA.

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Russian anti-corruption campaign has implications in the West

Kirill Kabanov

By Mark Baber
August 20 – Any Russian politician or official caught with a foreign bank account will be forced to resign or sacked according to a new law which came into force on Monday. The law was passed by the Duma three months ago and has already led to the resignation of Chelsea’s owner Roman Abramovich from his position as chairman of the local parliament in Chukotka.

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Germans act fast after 1860 Munich fans’ racist chanting

Danny da Costa

By Andrew Warshaw
August 20 – German football authorities have begun a probe into a rare case of racism after abuse was directed at Under-21 international Danny da Costa by fans of 1860 Munich during a second division game on Sunday. The club have already issued an apology to da Costa who plays for FC Ingolstadt, with sports director Florian Hinterberger telling German television the incident was “extremely regrettable”.

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