Inter reports reduced losses of €85m but says it is still within its UEFA Settlement Agreement
September 27 – Inter Milan are reporting losses of €85 million for the 2022/23 financial year on turnover of €425 million.
Tag: finance
Chelsea raise $500m from new US investor as multi-club model targeted
September 22 – Premier League Chelsea looks to have become more about the money than the football. The club, bought by Clearlake Capital and fronted by US investor Todd Boehly for £4.25 billion, has raised another $500 million in cash from US investor Ares Management.
Besiktas reveals €232m debt mountain as directors call for unity and a change of direction
September 20 – Turkey’s Besiktas have announced colossal debts amounting to amounted to TL 6.7 billion (€232 million) for the year to May 31, 2023.
Moshiri agrees sale of Everton to 777 Partners
September 15 – Troubled Premier League club Everton, one of the sleeping giants of English football but punching well below their weight for years, are about to enter a new era after controversial majority shareholder Farhad Moshiri agreed to sell his 94% stake in the club to American investment fund 777 Partners.
777 Partners close in on Everton deal as Moshiri runs for exit and questions asked of Wander
September 13 – Premier League Everton are close to finalising a sale to Miami-based investment firm 777 Partners for a sum understood to be about £100-150 million.
Premier League clubs smash summer transfer records with £2.36bn spend
September 4 – As the transfer window slammed shut last Friday night, the Premier League smashed its way through the £2 billion barrier with a gross spend of £2.36 billion, £440 million more than the £1.92 billion record set in last summer’s transfer window.
Deals not done: Salah linked with €100m Al-Ittihad deal, Hazard sale to Palace limping over the line
August 25 – Liverpool star Mohammed Salah has been caught in transfer speculation as Saudi side Al-Ittihad reportedly prepare to launch a bid of well over €100 million to tempt the Egyptian star away from the Merseyside club.
Chelsea keep cash flowing with another £92m earmarked for Lavia and Olise
August 16 – Not content with having just smashed the British transfer record by buying Moises Caicedo from Brighton for an eye-watering (some might say obscene) £115 million to take their spending under the new American owners to almost £1 billion, Chelsea are poised to add two more names to their star-studded squad.
Barca raise €120m with further sell-off of stake in digital business
August 14 – FC Barcelona have sold a further 29.5% stake in its digital content division Barca Vision for €120 million to German investors Libero football finance AG and private investors advised by NIPA Capital B.V.
Premier League clubs crack open their bank accounts in a big spending week
August 11 – European football awoke from its spending slumber last week with mammoth deals for Moises Caicedo (Liverpool though Chelsea may have landed him last minute) Josko Gvardiol (Man City) and Rasmus Hojlund (Man Utd) taking centre stage, alongside Portuguese striker Gonçalo Ramos (PSG).
Premier League opens case into Chelsea’s financial rule bending in Abramovich era
August 10 – The Premier League is investigating potential financial rule breaches at Chelsea under the regime of previous owner Roman Abramovich.
Chelsea fined €10m for ‘incomplete’ financial reporting in Abramovich era
July 31 – Chelsea have been fined €10 million by UEFA for breaches of Club Licensing and Financial Fair Play regulations.
Sam Baro buys €30m stake in Belgian Pro league’s AA Gent
July 21 – AA Gent will remain in Belgian ownership hands with Sam Baro taking control of the Flemish club, replacing current owner Ivan de Witte.
City council votes to financially support North Macedonia’s Vardar Skopje
July 21 – The Skopje City Council have voted unanimously to grant financial aid to the local football club Vardar Skopje.
San Francisco 49ers owners complete £170m takeover of Leeds
July 18 – The owners of the NFL’s San Francisco 49ers have assumed full control of English tier-2 club Leeds United after the English Football League formally approved a £170 million takeover by 49ers Enterprises.