Nottingham Forest owner Marinakis gives up control of club Sport Business Nottingham Forest and Olympiacos owner Evangelos Marinakis has relinquished control of the Premier League club in order to avoid scuppering their Champions League qualification. Marinakis has placed his Forest shares in a blind trust to ensure that he does not fall foul of Uefa rules preventing control of two teams in the same European competition. [...]
FA chief Mark Bullingham becomes UK sport’s best paid boss on £1.3m Sport Business FA chief executive Mark Bullingham received total pay of £1.32m last year, making him the highest paid boss of a UK sports governing body. Bullingham’s remuneration package for the period ending July 2024 was up 55 per cent on the previous year and included £450,000 as part of a long-term incentive plan. The total figure [...]
Christopher Sarofim: NFL minority owner joins Everton board Sport Business US fund manager Christopher Sarofim, a minority owner of the NFL’s Houston Texans, has joined the board of Everton FC after buying into the club’s ownership group. Sarofim, 63, is chairman of Fayez Sarofim & Co, a fund set up by his father which manages $30bn in assets, and a friend of new Everton owner [...]
Leicester City stars face up to 50 per cent wage cuts after relegation April 23, 2025 Leicester City’s players are facing wage cuts of up to 50 per cent next season following their relegation from the Premier League. Leicester have acted to protect themselves when offering contracts to new players in recent years having also been relegated two seasons ago, with recent arrivals agreeing to pay cuts of between 35 and [...]
Manchester City v Premier League legal hearing set for October April 22, 2025 Manchester City’s latest legal challenge to Premier League rules on associated party transactions is expected to go to trial in October. The reigning champions launched proceedings in January against a new version of the rules, having succeeded with a claim against the legality of the old regulations last year. Other Premier League clubs received details [...]
Chelsea spend £60m on agents’ fees in year, Premier League hits £400m April 14, 2025 Chelsea has spent £60m on agents’ fees since February last year, the Football Association has revealed. The Blues are nearly £10m clear of Manchester City (£52m) and £27m clear of Manchester United in third. The 20 Premier League clubs, in total, spent a whopping £409m on agents between 2 February 2024 and 3 February 2025 [...]
Reading in takeover talks with mystery bidder after Platek walks away April 9, 2025 Financially stricken Reading are in takeover talks with a new prospective buyer after American businessman Robert Platek walked away from a deal for the League One club. Platek, co-head of global credit at BDT and MSD Partners, entered into a period of exclusive negotiations with current owner Dai Yongge but that has now elapsed. The [...]
Premier League and EFL kick-start talks over billion-pound deal April 4, 2025 The Premier League and EFL are back in ongoing discussions over a new multi-billion-pound financial redistribution deal after more than a year of deadlock. Executives from the top flight and the English Football League, which operates the three divisions directly below, have met twice in the last few weeks and have another summit scheduled for [...]
Levy slams Spurs critics: We cannot spend what we do not have March 31, 2025 Tottenham Hotspur chairman Daniel Levy has hit out at the club’s transfer spending critics after the north London club made a loss after tax of £26.2m last year. The figure is a reduction on the £86.8m loss suffered in 2022-23 and the accounts for the year to 30 June 2024 showed a huge decrease in [...]
Chelsea’s squad is the most expensive ever, Uefa confirms March 6, 2025 Chelsea’s squad at the end of the 2024 financial year was the most expensive ever assembled in football, according to a new Uefa report. Big-spending Chelsea’s squad was worth an astonishing €1.66bn (£1.39bn), eclipsing the previous highest recorded by Real Madrid in 2020 (£1.12bn). Uefa’s European Club Finance and Investment Landscape Report, published on Thursday, [...]