One European league they will win. Chelsea top money movement ranking
February 22 – Chelsea FC are the biggest money movers in world football, according to the latest data report from the CIES Football Observatory.
Tag: finance
US investor Shilen Patel buys West Brom from Guochuan Lai for £20m plus £40m debt
February 16 – Shilen Patel is set to become West Bromwich Albion chairman after a deal to purchase an 87.8% stake in the Championship club was agreed, to the delight of Albion fans.
Belgian clubs go deep into the red with losses topping €190m
February 15 – Belgian clubs in the top two divisions recorded a cumulative loss of €193 million for the 2022-23 season, the licensing commission confirmed on Wednesday.
European club football is booming, growing at more than €1bn a year, finds UEFA report
February 15 – Top tier clubs in Europe have recorded aggregate revenue of just under €24 billion for the 2022 financial year, with projections that revenue will grown beyond €26 million in 2024.
Brentford report record revenue of £166.5m, but staff costs grow by £20m
February 14 – Premier League Brentford, currently in their third season in the top flight, have announced a record turnover of £166.5 million for the 2022/23 financial year, the club’s second in the Premier League.
Premier League approves Ratcliffe £1.02bn stake in Man Utd
February 14 – British billionaire Jim Ratcliffe’s purchase of a 25% stake in Manchester United has been approved by the Premier League.
Brazil’s Caixa bank refuse Corinthians £85m offer to pay off Neoquimica Arena debt
February 13 – Brazilian bank Caixa has refused a proposal by Corinthians to pay off the Neoquimica Arena, the club’s home ground since the 2014 World Cup.
UEFA earmarks €2.46bn for Champions League clubs next season
February 8 – UEFA will hand out least €2.46 billion in prize money to clubs playing in the Champions League next season when the tournament is expanded to 36 teams under its new format.
Winter chill as Premier League clubs cut transfer spend to £100m in January window
February 2 – Spending by Premier League clubs in January dipped significantly after three successive record-breaking windows – with teams splashing out £715 million less than in same 2023 period.
Levski Sofia creates newco to manage stadium rebuild and secure all commercial rights
February 2 – Bulgarian club Levski Sofia have created a new company to manage the reconstruction of the club’s new Georgi Asparuhov stadium, which is being built on the site of the old stadium which will be levelled.
Hibs given SFA greenlight to take new investment cash from Foley
February 1 – Scottish Premier Leagues side Hibernian have had permission granted by the Scottish Football Association (SFA) board to bring on Bournemouth’s billionaire US owner Bill Foley as a minority investor.
Show me the money. Qataris angry over claims they weren’t as loaded as they pretended
January 30 – Qatari banker Sheikh Jassim bin Hamad al Thani is reported to be seeking legal advice after claims he didn’t provide proof of funds when trying to buy Manchester United.
Smart traders: Lille and Ajax wheel and deal, Barca and Chelsea spend, spend, spend
January 26 – France’s LOSC Lille and Netherlands’ Ajax head a ranking of clubs that are the smartest traders of non-academy players. At the other end of the scale Barcelona and Chelsea have lost the most money.
Real Madrid beat Man City to top 2023/23 money league, PSG third
January 25 – Real Madrid have reclaimed top spot in the annual Deloitte Football Money League, beating last year’s league leader Manchester City by a slim €5 million.
LAFC adds Grasshopper Zurich to growing club collection
January 19 – MLS club LAFC has completed the acquisition of a majority stake in Swiss club Grasshopper Zurich for an undisclosed fee.