Scrapping Premier League relegation on table after flood of new private equity August 3, 2023 Private equity buyers flooding into Premier League and European football are likely to want more of a say over the rules of the game, top lawyers have told City A.M., including the potential introduction of ‘closed leagues’ without promotion or relegation. The value of deals in Europe’s top five leagues – England, France, Germany, Italy [...]
Klopp laughs off idea of signing Mbappe on loan August 1, 2023 Liverpool manager Jurgen Klopp has laughed off any suggestion of the Premier League side securing a loan deal for Paris Saint-Germain forward Kylian Mbappe. The German insisted that his side think the France captain is a good player but financial conditions that come with any deal aren’t suitable. Mbappe has been linked with a move [...]
£880,000 fine for Leicester City confirmed by watchdog July 31, 2023 The Competition and Markets Authority has confirmed the sanctions it has imposed on Championship club Leicester City and JD Sports as part of a case relating to shirt restrictions. A fine of £880,000 has been imposed on the 2015-16 Premier League champions while JD’s decision to report the conduct to the CMA sees them benefit [...]
Manchester United agree 10-year deal with Adidas worth £900m July 31, 2023 Manchester United have agreed a record extension with kit maker Adidas worth £900m. The brand will pay nearly £1bn to the club across a 10-year period, beating Chelsea’s 15-year deal worth £900m signed with Nike in 2017. Manchester United’s last deal with the German brand was worth £750m over a decade. “The relationship between Manchester [...]
Premier League ticket fraud on rise and social media should do more, says Lloyds July 28, 2023 Lloyds Bank have called on social media companies to do more to tackle ticket fraud ahead of the Premier League season. Football’s biggest domestic league returns in two weeks but scams are on the rise, with the banking giant stating that victims are losing, on average, £154 to criminals. Fraud is the most common crime [...]
Tottenham could face Premier League quiz after Joe Lewis insider trading arrest July 26, 2023 Tottenham Hotspur could face questions from the Premier League and Uefa after former owner Joe Lewis was arrested in the US on more than a dozen insider trading charges. The Bahamas-based British billionaire, 86, is due to appear in court on Wednesday after being charged with 16 counts of securities fraud and three counts of [...]
Tottenham Hotspur owner Joe Lewis indicted for ‘orchestrating a brazen insider trading scheme’ July 26, 2023 British billionaire and Tottenham Hotspur owner Joe Lewis has been indicted in New York for “orchestrating a brazen insider trading scheme”, a US attorney said. Damian Williams, the US attorney for the Southern District of New York, said in a video released by his office: “Today I’m announcing that my office, the Southern District of New York, has [...]
England footballers probed by advertising watchdog over promotion of Supreme CBD July 25, 2023 Three former England footballers are the subject of investigation by the Advertising Standards Authority over their promotion of CBD products. Ex-internationals Paul Merson, Chris Kirkland and Alan Thompson have collectively posted almost 200 tweets about the Supreme CBD brand. The CAP Code, which applies to influencer marketing, requires anyone promoting a brand on social media [...]
Kylian Mbappe: Paris Saint-Germain accept world record £259m bid from Al-Hilal July 24, 2023 Saudi Pro League side Al-Hilal have kicked off a transfer scramble for Kylian Mbappe by tabling a package worth €1bn (£865m) for the France and Paris Saint-Germain striker. PSG accepted Al-Hilal’s offer, which includes a potential world record transfer fee of €300m (£259m) and a contract worth €700m (£605m) a year for Mbappe. The 24-year-old [...]
Ed Warner: I found a solution to cricket’s privilege problem in the South Downs July 20, 2023 Cricket can tackle its elitism problem by supporting initiatives take the sport to new audiences such as disadvantaged kids, says Ed Warner. Back in my investment banking days, I was responsible from across the Atlantic for a US research department. Every time I headed for JFK after a visit to my team of analysts I [...]