Two IPL team owners battle to buy Manchester Originals in Hundred sale October 9, 2024 The interest is a significant boost for England cricket chiefs’ much-maligned sales process.
The Notebook: Less of the doom please. Business is spooked! October 9, 2024 Business optimism is plunging and no wonder. With all the doom and gloom, has Labour forgotten its mission of growth? Asks Kiki McDonough
Manchester City say Premier League rule is now void. Lawyers disagree October 8, 2024 Lawyers have shot down claims by Manchester City that the Premier League’s associated party transaction (APT) rules should be considered “void” following the club’s partially successful legal challenge. In a letter to the other 19 top-flight clubs, Manchester City general counsel Simon Cliff said APT rules – designed to prevent clubs benefiting from artificially inflated [...]
US group in talks to buy Sheffield United from Saudi prince October 8, 2024 Sheffield United are in takeover talks with an American consortium led by private equity boss Steven H Rosen. Rosen is the co-founder of Resilience Capital Partners, which mostly backs manufacturing and aerospace companies and has raised or advised on more than £500m of investments. He is leading negotiations on behalf of a US consortium with [...]
Manchester City defeat Premier League over financial rules October 7, 2024 The Premier League has suffered another blow to its regulatory powers after Manchester City partially won a challenge to rules on associated party transactions (APT). An independent arbitration panel agreed with the current champions that some elements of the APT rules did not comply with competition and public law requirements, and that clubs should be [...]
EFL calls for businesses as it kicks off innovation programme October 7, 2024 The English Football League (EFL) is calling for businesses to join its first innovation programme and develop their products by working with its 72 professional clubs. The EFL Innovation Lab is a partnership with corporate innovation specialist L Marks aimed at “suppliers, start-ups and scale-ups” and targeted at four key areas of business. They are [...]
Fifa embarrassed, more player power, forced transfers: Legal verdicts on the Diarra ruling October 7, 2024 Like the Bosman ruling to which it has been compared, the shockwaves from Lassana Diarra’s victory over Fifa’s current transfer rules at the European Court of Justice may take months, perhaps even years, to be felt in full. But legal experts are in agreement that Friday’s ECJ verdict in Brussels marks a watershed moment in [...]
Chelsea investor in talks for landmark stake in Miami Dolphins October 3, 2024 Chelsea investor Ares Capital is in talks with the owner of the Miami Dolphins to become the first private equity firm to buy a stake in an NFL franchise. The New York-headquartered asset manager is negotiating the purchase of a 10 per cent stake in the Dolphins’ parent company, according to multiple reports. The deal [...]
Chelsea squad worth €1.4bn. Rest of Conference League combined? €1.5bn! October 3, 2024 Favourites for the Europa Conference League Chelsea have a squad value of €1.4bn, just €100m less than the other 35 teams combined. The research by TransferRoom also shows the Londoners to be valued at over €1bn more than their closest rivals, Fiorentina. Enzo Maresca’s side are the overwhelming favourites to win the title. The calculations [...]
The new Bosman? Why the Diarra ruling could change football forever October 3, 2024 The biggest changes to the football transfer market since the Bosman ruling could be unleashed on Friday at the European Court of Justice, potentially making it easier for players to walk away from their contracts at will. That is when the ECJ is due to deliver its verdict in a long-running dispute between world governing [...]