French court ruling keeps struggling Girondins de Bordeaux in the battle to stay alive
October 30 – Girondins de Bordeaux secured a much-needed lifeline on Tuesday, allowing the club to continue operations following a commercial court ruling.
Tag: finance
INEOS and Sir Jim count the cost of managing Man Utd
October 30 – Fresh from sacking manager Erik ten Hag, Manchester United co-owner, Sir Jim Ratcliffe, will be dipping back into the Red Devil’s coffers to pay the Dutchman, a rumoured £15 million in compensation, as well as possibly a £8.3 million release clause for Sporting Lisbon’s coach, Ruben Amorim.
Inter Milan closes out 2023/24 finances with €36m loss on €473m turnover
October 29 – Inter Milan shareholders have approved the club’s financial results for the 2023/24 season, showing significantly reduced losses of €50 million, down from €85 million the previous year to €36 million.
Is former Magpie owner Amanda Staveley plotting to nest at Spurs?
October 24 – Fresh from making a tidy sum of money brokering and then selling her stake in Newcastle United, Amanda Staveley is rumoured to have her eye on another Premier League club in the form of Tottenham Hotspur.
Rapper A$AP Rocky joins consortium negotiating for Tranmere Rovers
October 22 – Tranmere Rovers co-owner Mark Palios has hinted that a deal to sell the League Two club could be imminent, expressing his desire for it to be completed ‘ASAP’.
FC32 takes control of Cobh Ramblers on mission to build a playing talent pipeline
October 22 – League of Ireland club Cobh Ramblers has been bought by fledgling multi-club ownership group FC32 for an undisclosed sum.
Dollars and sense. US appetite for European football clubs is insatiable
October 18 – The growth of non-domestic ownership of clubs in Europe’s Big 5 leagues is no longer a new phenomenon, but the skew towards US ownership in England’s Premier League and Italy’s Serie A has been a growing one.
Ajax report report €9.8m loss as turnover drops €9.8m in 2023/24
October 18 – AFC Ajax has reported a significant financial downturn in their annual financial report, posting a €9.8 million loss for the 2023/24 season compared to a €39 million profit the previous year – primarily due to reduced European competition bonuses and lower transfer income.
AI-powered scouting software Eyeball Club raises further €5m of funding
October 16 – Eyeball.Club, the newest player in the AI-powered talent scout market, has announced the successful closing of a €5 million seed round which will fuel the company’s expansion into US and Latin American markets, as well as be ploughed into developing its technology capabilities across the platform.
777 Partners collapse puts club assets including Serie A’s oldest club Genoa on sales block
October 14 – Serie A Genoa, Italy’s oldest club, are seeking new buyers after owners 777 Partners – who had tried to purchase Everton a few months ago – collapsed financially.
Red Bull set to add 6th club stake to portfolio with Paris FC stake
October 11 – Armed with their new global head of soccer Jurgen Klopp, Red Bull are poised to add a sixth club to their growing football ownership portfolio as the Austrian energy drink giants eye a position in Ligue 2 club Paris FC.
Ronaldinho takes ownership position in Greenville Triumph and Greenville Liberty in US
October 11 – Brazilian legend Ronaldinho has joined the ownership group of USL League One club Greenville Triumph SC and USL W League club Greenville Liberty SC.
Borussia Dortmund’s journey to UCL final drives record revenue past €600m
October 8 – A €44 million pay day for reaching the Champions League final saw Borussia Dortmund turnover hit €618.2 million. UEFA payments provided €120.1 million in the 2023/24 financial year.
SPFL turnover rises to record £44.3m
October 7 – The Scottish Professional Football League (SPFL) has reported a significant financial boost, with its 2023/24 turnover rising by £2.4 million (6%) to reach a record £44.3 million.
US Soccer revenue tops $200m as commercial revenue grows rapidly to $110m
October 7 – For nearly 20 years the fortunes of US Soccer from a commercial and marketing standpoint were tied with SUM (Soccer United Marketing), the MLS-owned agency. That deal officially ended on December 31, 2021, when the US Soccer Federation (USSF) moved their operations in-house, although they did not take full responsibility until the start of 2023.