Ratcliffe closing in on stake in Man Utd with $300m sweetener
November 7 – Sir Jim Ratcliffe is reportedly to commit $300 million to investing in Manchester United infrastructure as part of a deal to secure a 25% stake.
Tag: finance
RedBird rethinking multi-club ownership strategy with Toulouse future questioned
November 7 – RedBird Capital Partners, the American investment fund that owns 19-time Serie A champions AC Milan, are contemplating the sale of Toulouse FC.
Barca’s money men fumble again, losing €500k appeal against CFCB fine
November 3 – When it comes to financial management, Barcelona rarely seem to catch a break.
Bournemouth owner Bill Foley opens talks for a piece of Hibs as he builds club ownerships
November 2 – US sports investor Bill Foley, majority owner of Premier League Bournemouth, has reportedly held provisional takeover talks with Scottish Premier League club Hibernian.
Sheffield Wednesday calls on fans to stump up £2m to save the club
October 31 – Sheffield Wednesday owner Dejphon Chansiri has again attacked the club’s fans for being “negative”, demanding that they fund the £2 million required to save their club from transfer window sanctions and potential bankruptcy.
Real Madrid go to banks for €370m loan; bring Saudi bank onboard as sponsor
October 30 – Real Madrid are looking to raise €370 million from banks to help finance refurbishment work at the their Santiago Bernabeu Stadium where costs have almost doubled to €1 billion form an initial €575 million budget.
Man Utd revenue hits £648m as wage bill and losses reduced
October 27 – Manchester United have reported record revenue of £648.4 million for the 2022/23 financial year, but posted a loss of £42 million, slashing its net loss by 75% year-on-year.
Inter shareholders approve accounts as focus sharpens on club-owned stadium plans
October 26 – Inter Milan shareholders have approved accounts for the 2022/23 financial year that show turnover up year-on-year by €60 million to €425 million and annual losses reduced to €85 million from €140 million the previous year.
Barca budget €895m revenue and more black ink after a year of tough decisions
October 25 – Barcelona are projecting revenue for the 2023/24 season to hit €859 million generating post-tax profits of about €11 million.
AC Milan report €440m revenue record as RedBird influence starts to kick in
October 23 – AC Milan’s have formally approved accounts for the year to June 30, 2023, showing club revenues exceeding €400 million for the first time.
Everton sale concerns as regulators wait for audited 777 Partners financial statements
October 19 – The proposed takeover of English Premier League club Everton by American investment firm 777 Partners has come under further scrutiny after claims emerged the company has so far failed to provide audited financial statements to a British government regulator.
Saudi investor joins ranks of foreign owners taking stakes in Belgian amateur clubs
October 18 – Belgian amateur club KFC Diest have partnered with Saudi investor Fahad Al-Medlej, who previously chaired second-division club Al-Faisaly.
Juve reports losses of €123m as debt hits €399.9m and share price plummets
October 10 – Financially beleaguered Juventus have reported a loss of €123.7 million for the year ending 30 June 2023, an improvement of more than 50% on the previous year but still a huge deficit that has helped push net financial debt to €399.9 million.
Real Madrid top ranking of best paid players, Bayern and PSG follow
October 2 – Real Madrid have been revealed as the team with the highest wage bill in world football, sat at a staggering €11.5 million annual salary average, according to data supplied by Capology.
FSG raise up to $200m from Dynasty Equity for minority Liverpool stake to pare down debt
September 29 – Liverpool owner Fenway Sports Group has completed a sale of a minority stake in the club to New York-based private equity firm Dynasty Equity of up to $200 million.