Flamengo break revenue records and target further growth with new league
April 4 – Brazilian club Flamengo keeps breaking records. In 2022, the Rio outfit’s revenues broke the 1 billion reais revenue mark for the first time.
Tag: finance
High-flying Bees make Premier League honey with record near-£30m profit
By David Owen
March 29 – Brentford, the West London club currently two places above big-spending local rivals Chelsea in the Premier League table, have published accounts for their transformational 2021-22 financial year.
Chelsea blame £121m of losses on Abramovich sanctions
March 28 – Chelsea reported losses of £121 million in 2021-22, with the club citing the sanctions imposed on former owner Roman Abramovich as a major factor.
Finn financier enters race for Man Utd with offer to put half the club in fan ownership
March 24 – The race to buy Manchester United is hotting up with little-known Finnish entrepreneur Thomas Zilliacus entering the fray.
Wolves and Fosun look at buying a stake in Oostende, reports
March 22 – Wolverhampton Wanderers owner Fosun reportedly wants to invest in KV Oostende, a Belgian top flight club currently struggling at the bottom of the table and owned by Pacific Media Group (PMG).
Hertha Berlin majority stake sold to 777 Partners as club seeks financial and Bundesliga stability
March 14 – Miami-based private equity firm 777 Partners has bought a 64.7% majority stake in Hertha Berlin, buying the shares of disaffected owner Lars Windhorst, held by his Peil Investment group.
DFL to harden ‘50+1’ rule to protect German clubs from investor predators
March 9 – Germany’s football league (DFL) wants to tighten rules to stop investors taking full control of clubs.
Owners move to bolster Leicester balance-sheet after heavy £92.5m loss
By David Owen
March 8 – Leicester City, the Midlands club enduring what by their recent standards is an undistinguished season in the lower reaches of the Premier League, have reported a near tripling of pre-tax losses for the year to end-May 2022.
Wolves run up £46m loss despite falling costs
By David Owen
March 7 – Chinese-owned Wolverhampton Wanderers, currently experiencing an upturn in on-field fortunes under Spanish manager Julen Lopetegui, have posted a £46.1 million pre-tax loss for the year to end-May 2022.
Fans’ return helps to ring up £7.5m profit for Fenway’s Liverpool
By David Owen
March 1 – Liverpool’s remarkable 2021-22 season has helped to restore the Merseyside club to profit. The Reds have served notice that pre-tax profit weighed in at £7.5 million in the year to end-May 2022; this compared with a loss of £4.8 million the previous year.
US owner hands over shares in Bulgarian top tier club Pirin to Blagoevgrad city council
By Alexander Krassimirov in Sofia
February 28 – The American owner of Bulgaria top tier club Pirin Blagoevgrad, Paul Belogour, has announced that he is stepping down to focus on his other business ventures.
Saudis join bidding race for Man Utd ahead of today’s ‘soft’ deadline, reports
February 17 – Investors from Saudi Arabia have submitted a bid for Manchester United ahead of today’s “soft” deadline according to The Daily Telegraph newspaper.
Aston Villa owners V Sports expand club portfolio with minority stake in Portugal’s Vitória SC
February 15 – Aston Villa’s owners V Sports are set to buy a 46% stake in Portuguese club Vitória Sport Clube.
Qatari investor group poised to enter bidding for Man Utd by end of week
February 14 – A bid for Manchester United by Qatari investors is expected to be made by the end of this week as they look to buy the club in its entirety.
Belgian top tier club Gent look to private equity for new money
February 13 – Belgian club KAA Gent have been put up for sale and could become the latest to end up in foreign ownership.