Serie A’s Hellas Verona completes sale to US private equity fund Presidio Investors
January 16 – US private equity fund Presidio Investors have completed their takeover of storied Italian club Hellas Verona.
Tag: finance
Kroenke redefines his sports properties to leverage assets and expertise globally
January 15 – In 2007, Stan Kroenke’s KSE UK inc. purchased a 9.9% stake in Arsenal Football Club. Eleven years later, Kroenke, the owner of Arsenal Holdings plc bought the entire club.
Saudi-owned SURJ set to spend $1bn on DAZN stake
January 15 – After months of speculation, Saudi Arabia is closing in on a $1 billion investment in sports streaming platform DAZN, offering the Arab Kingdom a sports broadcasting arm and home to sports rights properties.
Premier League clubs given clean bill of financial health for 2023-24 sseason
January 14 – All 20 Premier League clubs have been deemed financially compliant with the league’s profit and sustainability (PSR) regulations for the 2023-24 season, meaning no charges have been issued for breaches of financial rules across the top flight.
Textor doubles up on sales with Sportsbank set to buy pre-IPO stake in Eagle Holdings
January 13 – John Textor’s Eagle Football Holdings has a double deal of exclusivity having announced it has entered into an agreement with new private equity group Sportsbank to acquire a position in the holding company whose ownership includes France’s Olympique Lyon and Brazilian and Copa Libertadores champions Botafogo.
West Ham post record £270m revenue and £57m profit
January 8 – West Ham United may be in crisis on the pitch as they consider whether to fire Julen Lopetegui and hire ex-Chelsea and Brighton coach, Graham Potter, however off the pitch all is rosy in the financial department.
Textor enters exclusivity talks Crystal Palace share sale with US-Saudi investors
January 7 – A consortium backed by individuals from Saudi Arabia and the United States has signed an exclusivity agreement to buy Eagle Football’s 45% stake in Crystal Palace.
Control of Serie A’s Genoa passes to Romanian Dan Secu for €40m
December 20 – Romanian businessman Dan Șucu has taken control of the storied Italian club Genoa, ending months of uncertainty under the ownership of 777 Partners.
Freidkin completes Everton buy, ending Moshiri era
December 19 – After much too-ing and fro-ing and having pulled out of an original deal last summer, The Friedkin Group (TFG) has finally completed its majority takeover of Everton, ending the turbulent tenure of Farhad Moshiri and sparking fresh hope for fans of one the Premier League’s longest standing clubs.
Vancouver Whitecaps owners hang up For Sale sign on MLS club
December 17 – In the history of Major League Soccer (MLS) only three franchises have been sold after formation (Real Salt Lake, Houston Dynamo, Orlando City SC). We can now make that four as the Vancouver Whitecaps FC ownership group of Greg Kerfoot, Steve Luczo, Jeff Mallett, and Steve Nash has put their team up for sale.
Man City report rise in 2023/24 revenue to £715m but pending FFP ruling is still the elephant in the room
December 13 – Manchester City have announced a club-record revenue of £715 million for their 2023/24 financial year, alongside profits of £73.8 million.
Sale of Sheffield Utd stalls as Prince Abdullah tries to renegotiate price with club at top of Championship
December 13 – Sheffield United’s Saudi Arabian owner Prince Abdullah bin Abdul Aziz Al Saud, has put the club’s sale on hold as he attempts to negotiate an increase in the sales price if the club are promoted back to the Premier League this season.
Player trading: Lille and Ajax deal smart, PSG and Man Utd are world’s traders
December 12 – French Ligue1 side LOSC Lille have the highest positive player trading balance in the world, at +€384m, according to a ranking of the monetary balance of transfer transactions covering non-academy players signed since 2015. PSG have the worst trading record.
Bayern Munich break $1bn revenue barrier
December 9 – As well as being the most successful club in Germany, FC Bayern Munich are also the biggest generators of cash. The operational arm of Bayern München AG, has reported a record revenue of €951.5 million ($1 billion) for the 2023/24 fiscal year (July 1, 2023, to June 30, 2024).
US consortium closes in on $105m Sheffield United buy
December 9 – Sheffield United owned by Saudi Arabian Prince Abdullah bin Abdul Aziz Al Saud, currently top of the Championship and bidding for a return to the Premier League after being relegated last season, is set to be sold for £105 million an American consortium led by Steven Rosen and Helmy Eltoukhy.