Confirmed: Saudi Arabia-led £300m takeover of Newcastle United completed October 7, 2021 Newcastle United have confirmed that a consortium led by Saudi Arabia’s sovereign wealth fund has completed its takeover of the football club. The deal, which sees retail mogul Mike Ashley exit the club after 14 years as owner, is reported to be worth around £300m. The new owners said: “An investment group led by the [...]
Saudi Arabia’s takeover of Newcastle United is about far more than football October 7, 2021 After years of speculation, prevarication and consternation, Saudi Arabia has at last sealed the purchase of a Premier League football club, something it has long coveted. With a deal for Newcastle United finally set to be announced, one of the most tumultuous episodes in English football history is apparently drawing to a close. Rumours have [...]
Crystal Palace owner Josh Harris tips Premier League rights to rise in value October 6, 2021 Crystal Palace co-owner Josh Harris has predicted that Premier League media rights will continue to rise in value, defying forecasts that football’s bubble may be about to burst. The league’s domestic broadcast revenues appear to have plateaued for now and the global sports rights market has cooled, in part as a result of the pandemic. [...]
Saudi Arabia’s £300m Newcastle United takeover revived by truce with beIN October 6, 2021 Saudi Arabia has signalled the end of its long-running stand-off with Qatari broadcaster beIN, in a move that could revive its £300m takeover of Newcastle United. The U-turn would involve unblocking beIN’s channels in Saudi Arabia, cracking down on any pirating of the network’s output and settling a $1bn lawsuit, sources close to the talks [...]
Why Spain’s LaLiga believes Uefa and other leagues should follow its lead October 1, 2021 Spain has a long and rich tradition of shaping how football is played. It has given us the great Real Madrid sides of the 1950s; Pep Guardiola and his all-conquering Barcelona; the national team who swept all major men’s international tournaments from 2008 to 2012; tiki-taka. Britain may be the birthplace of the game but [...]
Leicester City and JD Sports probed by watchdog over merchandise September 30, 2021 The Premier League’s Leicester City and retailer JD Sports are being investigated by the Competition and Markets Authority (CMA) over suspected anti-competitive behaviour relating to merchandise. The watchdog said in its case that it has “reasonable grounds to suspect one or more breaches of competition law” and that the CMA “has not yet reached a [...]
QPR launch bond in bid to part-crowdfund new £20m training ground September 30, 2021 Queens Park Rangers have launched a bond in a bid to partially crowdfund their plans for a new £20m training ground. The five-year bond is aimed at supporters and retail investors and will pay five per cent interest plus a 25 per cent bonus should QPR be promoted to the Premier League by 2026. “Supporter [...]
Juventus v Chelsea: Fallen Old Lady setting out on road to recovery September 29, 2021 Juventus have endured a more turbulent year than most clubs yet there ought to be some spring back in the step of the Old Lady when they face Chelsea in the Champions League on Wednesday. Over the last few days, the most successful team in the history of Italian football have recorded significant victories off [...]
Paris Saint-Germain boast bigger stars but Man City have found better way to spend their billions September 27, 2021 The subplots will be as numerous as the superstars when Paris Saint-Germain host Manchester City in the Champions League on Tuesday evening. It’s Qatar v Abu Dhabi in the battle of the state-backed modern-day mega-clubs. Mauricio Pochettino v Pep Guardiola. El Cashico, if you absolutely must. Fitness permitting, and perhaps most intriguingly of all, it [...]
Premier League NFTs: Sorare aiming to launch digital fantasy football trading cards collection following similar deal with Spain’s LaLiga September 21, 2021 French technology start-up Sorare is hoping to launch a range of NFTs comprising digital fantasy football trading cards with the Premier League. The company, which has raised £500m from investors including SoftBank, has emerged as a major player in sport’s growing blockchain economy and recently struck a deal with Spain’s LaLiga. “We have had conversations, [...]