Seven Serie A clubs put block on €1.7bn CVC deal arguing it undervalues rights
February 18 – Serie A’s €1.7 billion private equity deal for a 10% stake in the league’s newly created media business looks to have been scuppered.
Tag: finance
Chelsea repays Abramovich £4.5m, confirms £35.7m profit for 2019-20 season
By David Owen
February 11 – Accounts have been filed for Chelsea, showing that the West London club appears to have repaid a modest amount of funding to Russian owner Roman Abramovich in 2019-20.
Report warns that transfer market’s financial ‘correction’ is far from over
By Paul Nicholson
February 11 – The drop in transfer spending as a result of the global pandemic will not be a one-off occurrence but the start of a correction of the whole transfer business, according the KPMG Football Benchmark researchers.
Flamengo seek €5m loan but banking on €22m of player sales
February 10 – Brazilian club Flamengo is seeking a €5.3 million loan to provide working capital for the start of the 2021 season.
Denmark’s Esbjerg fB becomes latest Pacific Media-led acquisition
February 5 – Danish club Esbjerg fB, relegated from the top tier Superliga last season but currently in second place in Division 1, is the latest club to come under the control of Pacific Media Group who are partnering in the acquisition with Chien Lee, Partners Path Capital, and Krishen Sud.
Dell looks poised to close on acquisition of Serie A’s Spezia
February 2 – Spezia are on the verge of becoming the fifth American-owned Serie A Club, with MSD Capital in talks to invest in the Serie A side.
Losses soar at Brighton’s Seagulls as pandemic takes £25m hit
By David Owen
January 27 – Losses have widened at Brighton and Hove Albion, the progressive south-coast Premier League club, after a season described by chairman Tony Bloom as “one of the most challenging in our club’s history”.
San Francisco 49ers touch down in Leeds with bigger stake and even bigger plans
By Paul Nicholson
January 25 – NFL team San Francisco 49ers have bumped up their stake in Premier League Leeds United from 15% to 37% in a deal that reportedly values the club at £250-280 million.
Barca, Real and Bayern top money league as covid kicks off club revenue decline
By David Owen
January 26 – Revenues at Europe’s Top 20 clubs were down 12% in 2019-20 as covid began to disrupt the industry, according to the latest Football Money League produced by Deloitte, the professional services firm.
Serie B’s Pisa is latest Italian club to move into foreign ownership
January 25 – Alexander Knaster, an Anglo-American tycoon of Russian origin, has acquired a 75% stake in Italian Serie B side Pisa Sporting Club.
Egypt’s Mansour Group inject £100m for control of Right To Dream
January 21 – Egypt’s Mansour Group have acquired a majority stake in Right To Dream, the company behind Danish top flight club FC Nordsjaelland.
England’s National League clubs face £11m question of continuing, or not
By Andrew Warshaw
January 19 – The top two tiers of English non-league football, known as the National League and National League north and south, are in danger of being called off because of funding – or lack of it.
Southampton losses widen to £76m
By David Owen
January 13 – Southampton, the south coast club enjoying a strong season under Austrian manager Ralph Hasenhüttl, have become the latest Premier League side to report a big loss for the covid-impacted 2019-20 financial year.
Man City owner City Football Group adapts strategy with Club Bolivia ‘partnership’
By Paul Nicholson
January 12 – City Football Group, owner of 12 clubs including Premier League Manchester City, has expanded its network and deal-making strategy with the addition of Bolivia’s Club Bolivar as its first ‘Partner Club’.
KPMG reports on Covid’s money massacre at Europe’s financial elite
By Paul Nicholson
January 11 – The scale of Covid’s decimation of the football industry’s revenue infrastructure is highlighted again in KPMG Football Benchmark’s annual review of Europe’s champion clubs.