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Elliott takes control at AC Milan and throws club another €50m

AC Milan

July 12 – AC Milan’s Chinese buyer Yonghong Li has lost control of the club after US hedge fund Elliott Management announced it has taken over the Italian giants following Li’s failure to make a €32 million loan payment.

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Performance

Amuneke lays blame for African 2018 performances on poor talent development

July 12 – Africa will never fulfil their potential on the World Cup stage unless they develop their youth properly and have strong enough characters on the field.

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Concacaf

Beckham group seeks Miami approval for $1bn Miami Freedom Park development

July 12 – The David Beckham-led investment group behind Miami’s Major League Soccer (MLS) expansion franchise may have been slow to secure the slot but is now gathering pace with meetings scheduled today with city officials regarding the plans for an ambitious new multi-use stadium complex.

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Football Marketing

US giant Kohler debuts in Premier League as Man Utd’s first sleeve sponsor

July 12 – US brand Kohler has become a global partner of Manchester United in a multi-year partnership that will see the company take the club’s sleeve branding.

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Russia 2018

No more sexy women, says FIFA, as broadcasters told to censor their crowd shots

July 12 – While racism has been virtually non-existent at the World Cup, the anti-discrimination group advising FIFA says broadcasters have focussed too much on picking out attractive females and that there has been too much sexism generally in and around cities.

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FIFA

Socked. Down and out England fined by FIFA for wearing wrong ankle supports

July 12 – It will hardly register amid the disappointment of semi-final elimination but the English FA has been fined CHF70,000 after three players – Dele Alli, Eric Dier and Raheem Sterling – wore unauthorised equipment at the World Cup.

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Football Marketing

Dafabet secure Premier League returners Fulham with record shirt sponsorship

July 12 – Championship play-off winners Fulham – who in doing so guaranteed themselves a £160 million three-season Premier League income stream – have capitalised further on their promotion with a club record two-year sponsorship with global betting brand Dafabet.

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Law

MediaPro affiliate in US DoJ corruption case handed $24m fine. Investigations ‘ongoing’

July 11 – As the World Cup reaches its climax in Russia, the FifaGate scandal has reared its head again with The Imagina Group, parent of Spanish broadcaster MediaPro, agreeing to pay $24 million after its US-based affiliate US Imagina pleaded guilty to charges of corruption.

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FIFA

Vida video puts more heat on Croatian over ‘Belgrade burn’ comment

July 11 –  FIFA is investigating a new video of Croatia defender Domagoj Vida’s comments in the wake of his side’s quarterfinal World Cup victory over Russia.

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Football Marketing

Betway agrees three-year AS Roma deal despite potential gaming sponsor ban in Italy

July 11 – Online bookmaker Betway, which has just added two top-tier LaLiga clubs to its sponsorship roster, has now signed its first Italian club, AS Roma.

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Finance

Juve conclude Ronaldo deal for €112m and €30m a year salary

July 11 – A massive self-indulgent risk for a 33-year-old or a masterstroke? The latest phase in the remarkable career of Cristiano Ronaldo has seen him join Juventus from Real Madrid for about €112 million, making him one the four most expensive players of all time.

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Performance

Luis Enrique signs on for Spanish job in time for Nations League kick off against England

July 11 – As anticipated, Spain have named former Barcelona boss Luis Enrique as their new head coach after Fernando Hierro stepped down from temporary charge following their shock last-16 World Cup exit to Russia.

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Football Marketing

Man City builds bridge over troubled water issues with Xylem partnership

July 11 – Manchester City have announced a global multi-year partnership with water technology company Xylem. The company will also partner with Man City’s sister club New York City FC and the Manchester City women’s team.

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Integrity

When is a transfer embargo not an embargo? Birmingham City sow confusion in England

Birmingham City logo

July 11 – The transfer window is open, but not for everyone, at least theoretically. Birmingham City, who have reportedly been placed under a transfer embargo by the English Football league, have nevertheless continued to pursue players currently under contract at other clubs.

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Match-fixing

Match-fixing: 397 matches show suspicious betting patterns in 2017

By Paul Nicholson

July 10 – A total of 397 matches in 2017 showed suspicious betting trends – 32 of those matches were friendlies, including international friendlies. Perhaps even more worryingly is that 62 youth matches showed signs of being fixed, according to a new football betting monitoring report.

Read more …

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A True Story. Really?

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Should the axe fall on Ange?

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The worm turns: new 2023 financials point to long-delayed sponsorship uplift for Infantino’s FIFA

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