Profitable Chelsea hike payments to company directors
By David Owen
January 12 – Chelsea’s landmark 2017-18 financial year appears to have seen big increases in remuneration paid to the club’s directors.
Tag: finance
Everton back in the red after big jump in player costs
By David Owen
January 9 – Surging player costs and one-off items pushed Everton, the club from the blue end of Merseyside, back into the red in 2017-18, in spite of a 34% jump in commercial revenue.
Turkish Super Lig clubs given financial lifeline with plan to restructure $2bn of debt
January 8 – Turkish Super Lig clubs have been handed a financial lifeline via a deal brokered between the country’s banks and the football federation to allow clubs to restructure their debts.
Man City could still face Champions League ban over alleged FFP breaches
January 7 – UEFA’s chief financial investigator has confirmed that reigning Premier League champions Manchester City could be kicked out Europe if alleged irregularities exposed in the Football Leaks scandal prove to be true.
US investor buys 85% of Dundee United for £1m and sets sights on SPL
December 21 – A US investor has taken a controlling stake in Scottish Championship side Dundee United in a deal estimated to be worth £1 million.
Kenyon in pole position for £300m acquisition of Newcastle United
December 6 – The seemingly annual Christmas talk of the sale of Premier League Newcastle United is now in full swing with former Manchester United and Chelsea chief executive Peter Kenyon leading discussions in the US to create a consortium of buyers who will put up the £300 million needed to buy the club from Mike Ashley.
Zamparini’s €10 sale of Palermo paves way for a new start, stadium and Serie A return
December 3 – Italian Serie B football club Palermo has been sold to an un-named London-based company for jut €10.
Player value downgrade pushes relegated Stoke financials into the red
By David Owen
November 21 – Stoke City, the main club in England’s traditional potteries region, nosedived into loss in its relegation season, after directors decided to write down the value of its playing squad.
Man City lead on the pitch but Man Utd are spanking them off it
November 14 – Manchester City have usurped their cross town rivals United on the pitch in the ten years since acquisition by Abu Dhabi United Group in 2008 – a point emphatically proved again last weekend with City’s 3-1 derby win. But off the pitch it is a different story.
Rangers losses double to £14.3m as Gerrard rebuilds and Ibrox refurbishes
By Paul Nicholson
November 2 – Scotland’s Glasgow Rangers, clawing their way back into Scottish Premier League contention and financial stability, have announced a more than doubling of their losses for the year ended June 2018 to £14.3 million.
UEFA bans Rubin Kazan from European club comps for breaking FFP rules, again
October 19 – UEFA’s get-tough policy on financial fair play has snared one of Russia’s best-known clubs, with Rubin Kazan banned for a season after they were found to have broken spending rules.
Same old Arsenal, always unaccountable? Fans express concern over financials
October 18 – Arsenal is transitioning from Arsene Wenger to Unai Emery, and from being a publicly traded company to a privately owned football club. As the changes take place so the financial transparency and supporter interaction with the club is taking a new shape.
PSG owners pump €316m of capital into club
September 27 – Paris St Germain, under scrutiny by UEFA’s Club Financial Control Body (CFCB) for its financial year to the end of the 2018 season, looks to have moved to attempt to protect its position from UEFA sanction by arranging a capital injection of €316 million from the club’s Qatar Sports Investment owners.
The Twin Towers have gone, now the rest of Wembley could go too with Khan sale
September 27 – The £600 million sale of England’s Wembley stadium, the home of the national team, hangs in the balance as the FA board meets today to vote on whether to take the proposal forward to the 127-member FA Council.
PSG back in front of UEFA’s FFP police after ‘financial doping’ allegations
September 25 – UEFA has confirmed it is stepping up its investigation into Paris Saint-Germain’s potential breach of financial fair play rules, rekindling the threat of the Qatari-owned club being thrown out of Europe.