Barcelona suffer another financial blow with Rakuten set to pull plug on €30m-a-year shirt sponsorship September 9, 2021 Japanese e-commerce giant Rakuten is to end its €30m-a-year sponsorship of Barcelona at the end of the season, according to reports. The development is another blow for the beleaguered titans of Spanish football, who are more than £1bn in debt and lost star player Lionel Messi this summer. Rakuten has been the main shirt sponsor [...]
Paris Saint-Germain hit back at LaLiga boss Javier Tebas in increasingly bitter war of words with Spanish football league chief September 8, 2021 Paris Saint-Germain have hit back at LaLiga boss Javier Tebas after he labelled them “enemies” and “as dangerous as the European Super League”. The outspoken Spanish league chief, a long-standing critic of the spending of PSG and Manchester City, also derided the French club’s signing of Lionel Messi at the age of 34. In a [...]
Manchester City and Leeds United chiefs hit back at Fifa bid for more frequent World Cups September 8, 2021 Manchester City and Leeds United chiefs have joined the chorus of opposition towards Fifa’s plans to stage the World Cup every other year. City chief executive Ferran Soriano told The Times: “There is no space [in the calendar] for anything. No room at all. The players cannot play more games, for sure.” Leeds chairman Andrea [...]
Financial Fair Play is not about making football more competitive, says one of the executives behind the new rules September 7, 2021 Proposed changes to European football’s Financial Fair Play (FFP) rules will not address concerns about competitive balance, says one of the executives involved. New regulations involving a salary cap and luxury tax are set to replace the current, 10-year-old framework, which is loosely based on breaking even. Economists and legal experts have warned that the [...]
European Club Association boss Al-Khelaifi promises loan fund for clubs hit by pandemic, Financial Fair Play shake-up and Uefa joint venture September 6, 2021 Nasser Al-Khelaifi, the chairman of the European Club Association, has outlined a series of measures that he says will bring “urgent financial stability” to the game across the continent. Al-Khelaifi, also the president of Paris Saint-Germain and chairman of the beIN Media Group, promised a multi-billion Euro loan facility and new Financial Fair Play rules [...]
Women’s Super League 2021-22: Why you should believe the hype about the biggest and best season yet of women’s football September 3, 2021 The most eagerly anticipated and loudly trumpeted Women’s Super League (WSL) season kicks off this evening when Manchester United host Reading. Ten years on from the first WSL campaign, the expectation is that this season will be the most-watched and potentially the most compelling yet. That is thanks in large part to a landmark TV [...]
West Ham United and the London Stadium have been good for each other – legacy chiefs should do a new deal to give the club more control September 2, 2021 This isn’t the article I expected to write; I went back to the London Stadium to bury it not to praise it. Instead, I came away with a deeper understanding of just what a valuable asset West Ham United Football Club has become. Nine years on from London 2012 and four from the World Athletics [...]
Premier League summer spending falls to 2015 levels as clubs seek value in football’s post-Covid transfer market September 1, 2021 Premier League clubs cut their summer transfer spending to the lowest level since 2015 in response to the pandemic. Gross spending by England’s top-flight teams in the summer window, which closed last night, fell 11 per cent to £1.1bn, according to analysis by Deloitte. Net spending was down 38 per cent to £560m, and both [...]
Cristiano Ronaldo completes Manchester United return for initial fee of £13m August 31, 2021 Cristiano Ronaldo has officially completed his return to Manchester United from Juventus on transfer deadline day for an initial fee of €15m (£13m). The Italian club confirmed the terms of the blockbusting transfer this morning. The fee could rise to €23m if Ronaldo and United hit certain targets. United announced the completion of the deal [...]
A brief history of cryptocurrency in football – and how blockchain technology might shape our experience of the game in future August 30, 2021 Bitcoin and cryptocurrency have reimagined finance and money as concepts. Now more than ever, however, blockchain technology and, more specifically, NFTs and tokens are disrupting everything else. And that includes human culture. NFTs especially have captivated millions of people around the world. This is because we, as humans, have an innate desire to collect and [...]