OL Groupe move into US soccer with $3.1m Reign acquisition
December 30 – US investors buying European clubs has become commonplace but European investors moving into the US to acquire a stake in club soccer is not.
Tag: finance
Euro 2020 and Saudi Super Cup deal boost Spanish FA revenue forecasts
December 12 – The Royal Spanish Football Federation (RFEF) in its new budget for 2020 is predicting a 41% growth in revenues to €316 million, primarily fuelled by the new money from the estimated €120 million deal with Saudi Arabia to stage its revamped Super Cup competition.
Oyarzabal and Sterling top list player transfer growth values ahead of Winter window
December 11 – With the winter transfer window looming, KPMG Football Benchmark has updated its players’ value estimates and ranked players by most increased value since the start of the season.
Brighton swoop back into the red as staff costs jump
By David Owen
December 5 – Brighton and Hove Albion, the south coast club winning plaudits for their adventurous style under new head coach Graham Potter, slipped back into loss in their second season in the Premier League.
Interview: Former CAF finance boss lifts lid on Africa’s money pit
Life has certainly not been peaches and cream for former CAF finance director Mohamed El Sherei over the last seven months. In a one-hour exclusive conversation, at the Heliopolis Sports Club in Cairo in November, El Sherei, who has been without an income for several months, spoke frankly, to Insideworldfootball’s Osasu Obayiuwana, on what he says has been a tumultuous period, for him and the organisation to which he once belonged.
David Owen: City Football Group – Can Snow White and the seven dwarfs become a football fairy story?
City Football Group (CFG)’s business strategy always seemed rather baffling. Yes, OK, assemble a collection of similar businesses – in this case football clubs – inside the same tent and you can shave back-office costs. You might be able to engineer a less wasteful talent development pipeline than one-legged rivals. And if the real aim is soft power, well, the Abu Dhabi flag has been well and truly planted in outposts of the beautiful game from Melbourne to Mumbai.
Into the Valley: Abu Dhabi’s East Street ends Duchâtelet era at Charlton
By David Owen
November 29 – Nearly two years after he put the club up for sale, the Roland Duchâtelet era at Charlton Athletic finally looks to be over.
Private equity investment values Man City owner CFG at mammoth $4.8bn
By David Owen
November 28 – City Football Group (CFG) may step up its hunt for new football investments around the world, following agreement of a $500 million equity investment in the business by Silver Lake, a US private equity firm.
Profits flat at triple-winning Man City as wage costs jump
By David Owen
November 19 – Manchester City, which last week lost an appeal to the Court of Arbitration for Sport (CAS) to halt UEFA’s investigation into alleged financial fair play irregularities, have reported a flat pre-tax profit of £10.1 million for the year to end-June 2019.
EFL issues misconduct charges against Sheffield Wednesday
By David Owen
November 15 – The English Football League (EFL) has issued a number of charges against second-tier Sheffield Wednesday relating to alleged breaches of its financial rules.
Exclusive – CAF’s cash mountain dangerously crumbling under Ahmad spending
By Osasu Obayiuwana
November 8 – The Confederation of African Football (CAF) lost 26% of its cash reserves between March 2017 and May 2019, according to Mohamed El-Sherei (pictured), the body’s sacked Director of Finance.
Flamengo play their way to record €142m revenue
November 4 – On the back of sporting success Flamengo are enjoying record revenues of €142.8 million for the first nine months of 2019.
£350m market value? Wolves profit put at £20m with public listing possible
By David Owen
October 30 – Wolves chairman Jeff Shi has confirmed that a stake in the resurgent Midlands club is up for sale, while disclosing that the Chinese-controlled outfit made a profit of roughly £20 million in 2018-19.
Inter report near €50m loss, but exit UEFA Settlement Agreement
By David Owen
October 29 – Inter Milan, lying hot on Juventus’s heels after a promising start to the Serie A season, have reported a net loss of €48.4 million, attributed to “significant investments” made to strengthen on-field performance.
Palace accelerate receipt of £22.5m Wan-Bissaka transfer instalment
By David Owen
October 24 – Crystal Palace, off to a good start to the season under former England boss Roy Hodgson, appear to have made arrangements in effect to receive a £22.5 million instalment of the transfer fee for wing-back Aaron Wan-Bissaka earlier than scheduled.