Brazil’s Serie A considering $1bn offer for 20% stake, reports
November 25 – Brazilian clubs are contemplating a billion-dollar investment from private equity in a bid to take control of their own league.
Tag: finance
Paris FC takes on Subaskaran investment as it pushes for Ligue 1 status
November 23 – French second tier club Paris FC, who took a €5 million investment from the Bahrani royal family last year, has added a new investor in British-Sri Lankan entrepreneur Allirajah Subaskaran.
Kretinsky completes acquisition of £180m+ stake in West Ham
November 11 – Czech billionaire Daniel Kretinsky has purchased a minority stake in West Ham United, the latest overseas investment in a Premier League club.
LaLiga’s Cadiz builds investor roster with MSA Capital’s Harburg joining board
November 1 – MSA Capital managing partner Ben Harburg has become a new investor at Spanish La Liga club Cadiz. Harburg is reportedly buying a 6% stake in the club.
West Ham owners poised to sell £150m stake to Czech mogul on route to £300m cash-out
October 29 – Czech businessman Daniel Kretinsky looks set to take a £150 million, 27%, stake in Premier League West Ham with the option to take full ownership of the in the future.
Inter lose €245m in Serie A winning season. Cost of Covid counted at €110m
October 28 – Inter Milan have formally reported losses of losses of €245.6 million for the covid-impacted 2020/21 season on revenues of €364.7 million.
Advent are early runner in bid for €1bn stake in LFP’s rights subsidiary
October 27 – Private Equity fund Advent International is considering buying a stake in the Ligue de Football Professionnel’s (LFP) new media company.
OL keeps pandemic losses to €34m, but pegs lost revenue at €150m
October 27 – OL Groupe, the holding company of Ligue1 club Olympique Lyonnias, has officially reported a loss of €33.9 million for the Covid-hit 2020/21 season, the first time the group has reported a loss since it moved to its Groupama Stadium nine years ago.
UEFA breaks down financial distribution for Women’s Euro 2022
October 26 – UEFA has issued a breakdown of the prize money for the Women’s EURO 2022 to be held in England next summer, as well as more detail of the club benefits programme which will see clubs compensated for releasing players.
US investor declares interest in buying Derby County
October 26 – US businessman Chris Kirchner has thrown his hat into the ring as the search for a buyer of iconic English club Derby County, who have been in administration for five weeks, continues.
Covid-blighted PSV Eindhoven register €23m loss topped off by a 5-0 defeat at Ajax
October 25 – Blaming the coronavirus pandemic, PSV Eindhoven has registered a loss of €23.2 million for the 2020-21 season.
Anderlecht get €93m injection in bid to restore fortunes
By Samindra Kunti
October 25 – Can new winds, fresh capital and debt restructuring rejuvenate Anderlecht? Existing shareholders and new investors are set to inject the equivalent of €93 million into the club’s finances, while CEO Jos Donvil will be exiting the club.
Motsepe calls for Super League to break African football’s financial poverty
October 22 – Confederation of African Football (CAF) president Patrice Motsepe has again called for the launch of an African Super League on the continent.
Wolves bring in new US shareholder with PEAK6 acquiring minority stake
October 20 – US finance and technology firm PEAK6 has bought a minority stake in Premier League Wolverhampton Wanderers via Wolves holding company Fosun Sports.
Financial mess(i). Qatar owners put €171m into PSG to cover pandemic losses
October 15 – The Qatari owners of Paris Saint-Germain have injected another €171 million into the club to help ease the financial burden created by the global health crisis.