£100m Jack Grealish: How most expensive signing in Premier League history compares to biggest transfers of all time August 5, 2021 Jack Grealish has become the most expensive signing in Premier League history after completing his £100m transfer from Aston Villa to Manchester City. Grealish is also the most expensive English player ever to be traded, and the eighth most expensive transfer of all time. The England attacking midfielder, 25, shone for England as they finished [...]
CVC to enter football with £2.3bn deal for 10 per cent of Spain’s LaLiga August 4, 2021 CVC Capital Partners is set to make its first major football investment by paying €2.7bn (£2.3bn) for a minority stake in Spain’s top league, LaLiga. The private equity giant, which has invested heavily in rugby in recent years, has an agreement in principle for around 10 per cent of LaLiga. “LaLiga confirms a strategic agreement [...]
Socios: The blockchain-enabled fan token platform promising to unlock revenue from the global fanbases of sport’s most famous teams July 31, 2021 Football’s transfer market may have lacked headline-grabbing deals so far this summer but the same can’t be said for Socios. The platform, which sells “fan tokens” offering supporters the chance to influence decisions at their team, has instantly increased visibility with a clutch of major partnerships. Last week Socios announced the launch of an Arsenal [...]
European football market contracted by £3.4bn in first few months of Covid-19 pandemic, Deloitte report finds July 29, 2021 The European football market shrunk by 13 per cent in the first few months of the pandemic, according to analysis by Deloitte. Total revenue fell by €3.7bn (£3.4bn) to €25.2bn (£22.1bn) in 2019-20, the first decrease since the global financial crisis struck more than a decade earlier. Clubs suffered as leagues were postponed and resumed [...]
Fulham sign up blockchain telecoms network World Mobile as principal commercial partner on three-year-deal July 27, 2021 Fulham have signed World Mobile, a telecoms network that uses blockchain technology, as their new principal commercial partner. The three-year deal sees World Mobile replace bookmaker BetVictor as the club’s main sponsor. The agreement will see World Mobile appear on the shirts of the Fulham men’s, women’s and youth teams. Fulham’s men will be hoping [...]
Crystal Palace report £58m loss for pandemic-hit 2019-20 season July 26, 2021 Crystal Palace have announced a £58m loss for the 2019-20 season as a result of Covid-19’s impact on football. The Premier League club saw revenue fall £13m to £142m, while operating expenses increased by £15m to £154m. The drop in income was largely due to the effect of matches in the second half of the [...]
Burnley sign spread betting and trading platform Spreadex as main sponsor on one-year deal July 20, 2021 Burnley have signed up spread betting and financial trading platform Spreadex as their main shirt sponsor for next season. The one-year deal will see the company’s sports fixed odds and spread betting arm, Spreadex Sports, replace Chinese brand LoveBet as principal partner. Spreadex is understood to be paying slightly less than LoveBet, whose £7.5m deal [...]
Newcastle takeover bid kicked into the long grass as arbitration adjourns hearing into Saudi Arabia-backed £300m offer July 20, 2021 The prospects of a £300m Saudi takeover of Newcastle United appear to be receding after a legal bid to overcome Premier League objections was delayed. An arbitration hearing was adjourned until next year “due to issues with the disclosure of evidence”, the club and league said in a joint statement. It means that Magpies fans [...]
Lionel Messi accepts 50 per cent pay cut to stay at Barcelona – but will still earn £59m a year July 15, 2021 Lionel Messi has ended speculation over his future by agreeing a 50 per cent pay cut to stay at Barcelona. The Argentinian superstar, 34, has been a free agent since his €138m (£118m)-a year contract expired last month. Messi had discussed a two-year extension but will instead sign for five years on a lower wage, [...]
What Amazon is doing with French football rights and the clues it offers to its plans for the Premier League July 14, 2021 Amazon is yet to make its widely anticipated big move for Premier League football rights, being content so far to buy up handfuls of live games and bundle them with its Prime Video subscription. But it is a different story in France, where the e-commerce behemoth is embarking on its first season as the main [...]