Ratcliffe’s Man Utd buy-in was aided by Qatari failure to provide financial guarantees
January 18 – Details have emerged as to why Manchester United ended up opting for British investment instead of falling into Qatari hands.
Tag: finance
Pay up or sell up. EFL issues ultimatum to Reading owner Dai Yongge
January 15 – The Chinese businessman who owns English club Reading has been fined £50,000 for financial mismanagement and told that he needs to “fund the club adequately” or make “immediate arrangements” to sell up.
Newcastle United report £70m revenue jump but losses of £73m
January 12 – Newcastle United have reported a loss after tax of £73.4 million for the 12 months ending 30 June 2023, on revenues of £250.3 million, an increase from £180 million the previous year.
777 Partners-owned Standard Liège post losses of €20m+
January 3 – Belgian club Standard Liège have posted more than €20 million in losses for the 2022-23 season, bringing further damages to its finances and threatening the club’s future.
Ratcliffe and Ineos complete £1.03bn Man Utd buy-in and take control of operations
December 29 – The long-awaited sale of 25% of Manchester United to Sir Jim Ratcliffe’s Ineos Group for £1.03 billion has been completed.
Former Sheffield Utd wannabe Dozy Mmobuosi wakes up to billion dollar SEC fraud complaint
By Paul Nicholson
December 21 – The Nigerian businessman who was the preferred bidder for Sheffield United as they journeyed to England’s Premier League is facing multiple fraud charges from the US Securities and Exchange Commission (SEC) for billions of dollars of fictitious transactions.
Aston Villa owners take in new money from Atairos for expansion of V Sports
December 15 – Premier League Aston Villa’s holding company, V Sports, has secured an investment from east coast US private equity firm Atairos.
Ronaldo joins $40m fundraising for launch of Strikerz new UFL video game
December 14 – Al Nassr’s Cristiano Ronaldo has joined a group of investors committed to invest more than $40 million into development of a new, free-to-play football game UFL, with lofty ambitions to improve the way football fans interact with the world of gaming.
Premier League aligns with UEFA rules and cuts transfer fee amortisation to five years
December 13 – Premier League clubs have voted to limit to five years the period over which a player’s transfer fee can be spread in their accounts, hitting teams like Chelsea who have controversially been signing a number of players on staggering long deals, amortising the cost of the transfer over the whole period.
Qataris sell minority stake in PSG to US private equity firm Arctos
December 7 – Qatar Sports Investment (QSI) has sold a minority stake in Paris Saint-Germain to US-based private investment firm Arctos Partners, the club confirmed on Thursday.
Brentford owner Matthew Benham puts minority stake up for sale, reports
December 6 – Premier League Brentford’s owner Matthew Benham is reportedly considering the sale of a stake in the Premier League team.
49ers Enterprises sells minority stake in Leeds to US venture capitalists Ackerley Partners
November 21 – 49ers Enterprises, owners of Leeds United, have sold a minority share in the club to US venture capitalists Ackerley Partners, owned by Chris and Ted Ackerley.
FAI cuts debt by €13m, despite revenue drop
November 20 – The Football Association of Ireland (FAI) have reduced their debts and loans from €63.5 million to €50.8 million in 2022, but fell short on generating commercial revenue and hence remained dependent on state funding.
Man City leapfrog Man Utd, posting record revenue of £712m
November 15 – After capturing their first treble last season, Manchester City’s success on the field has been matched off it with record profits and the highest ever revenue and wage bill for a Premier League club.
Textor looks to offload NWSL’s OL Reign to MLS’s Seattle Sounders
November 10 – Seattle Sounders are reportedly in advanced talks to buy Seattle-based NWSL outfit OL Reign as the side looks ahead to its first ever shot at the NWSL Championship title against Gotham FC at the weekend.