CSKA gets green light to launch first club IPO in Eastern Europe

cska fans

By Alexander Krassimirov
March 4 – Bulgaria’s CSKA Sofia has officially been authorised to sell shares in the club to the public, the first club in the former communist East European Bloc to do so. The decision to allow the Initial Public Offering (IPO) was taken at a meeting of the Bulgarian Financial Supervision Commission (FSC). 

Read more …

Matt Scott: Let the high-flying stars be Pied Pipers for football everywhere

“We bring you the circus, pied piper whose magic tunes greet children of all ages, from six to 60, into a tinsel and spun-candy world of reckless beauty… and high-flying stars. But behind all this, the circus is a massive machine whose very life depends on discipline and motion and speed. A mechanised army on wheels, that rolls over any obstacle in its path.” Narrator, The Greatest Show On Earth

Football today is as the circus of the 19th and early 20th Centuries,

Read more …

Sao Paulo nerves as Brazil stadia build is going down to the wire

Novo mineirao aerea2

By Andrew Warshaw
March 3 – The stadium set to host the showpiece opening match of the World Cup may not be ready until less than four weeks before the start of the tournament, the latest of a series of setbacks for FIFA and Brazilian organisers. FIFA secretary general Jerome Valcke said that work on the stadium in Sao Paulo may now not be completed until mid-May.

Read more …

U-20 draw reinforces CONCACAF’s global lead in women’s football

U20-CANADA-draw

By Paul Nicholson
March 3 – The draw for the FIFA U-20 Women’s World Cup Canada 2014 took place yesterday. The finals tournament is one of three major women’s world championships being hosted in the CONCACAF region over the next 18 months. Next month Costa Rica will hold the FIFA U-17 Women’s World Cup whilst the spotlight will be back on Canada in 2015 for the FIFA Women’s World Cup.

Read more …

Birmingham City’s Yeung found guilty of laundering $93m

carson yeung

By Andrew Warshaw
March 3 – After months trying to clear his name, Carson Yeung, the Hong Kong businessman who bought English club Birmingham City, faces a lengthy jail term after being found guilty of five counts of money laundering by a court in Hong Kong. Last month Yeung resigned as a director of both the club and its parent company Birmingham International Holdings Ltd (BIHL) as he awaited the verdict of a trial that had lasted 50 days having already lost two appeals to get it thrown out.

Read more …

UEFA ready for war as early FFP figures indicate club battles to come

uefa flag

By Andrew Warshaw in Geneva
March 1 – Almost a third of the teams that entered UEFA’s two club competitions this season are in danger of breaking financial fair play regulations. UEFA administrators and legal experts revealed today that 76 clubs out of the 237 who started in the Champions League and Europa League were being probed for potentially failing strict break-even rules.

Read more …

Triple punishment and sinbins on IFAB rule-makers’ agenda in Zurich

FIFA House

By Andrew Warshaw
February 28 – Two recent controversial Champions League dismissals have refocused attention on the so-called triple punishment – penalty , sending off and subsequent – that continues to cause so much consternation throughout the game. The rule, which has been hotly debated with referees applying different interpretations as to what constitutes a goal-scoring opportunity, comes up for discussion once again at the annual International FA Board meeting in Zurich on Saturday.

Read more …