One in, one out at Chelsea as Jurasek named new CEO and Glick leaves after 10 months May 30, 2023 Chelsea have confirmed the appointment of a new chief executive, Chris Jurasek, and the departure of president of business Tom Glick after just 10 months at the club. Jurasek has no high-level experience in sport but is a trusted lieutenant of Clearlake Capital, the US fund which bankrolled last year’s Todd Boehly-led takeover of the [...]
What is the cost of relegation from the Premier League? May 27, 2023 The cost of relegation from the Premier League has been called “the biggest financial jeopardy in world football” and this weekend Everton, Leicester City and Leeds United will be locked in a battle to avoid it. Two of those three teams will drop out of the richest domestic competition in the sport and into the [...]
Parachute payments uncertainty clouds the future of football’s richest game May 25, 2023 When Luton Town and Coventry City collide in Saturday’s Championship Play-Off Final there will be more than just glory at stake; both teams stand to make a minimum of £170m if they achieve promotion to the Premier League. It is a prize that has earned the traditional end-of-season fixture the tag of football’s richest game. [...]
Who has Premier League’s biggest and smallest wage bill? (Look away Chelsea fans) May 23, 2023 Chelsea’s lavish spending since their takeover by Todd Boehly’s consortium has seen them amass the biggest wage bill in the Premier League, according to new research. The Blues’ estimated payroll for this season totalled £216m, an increase of 18.3 per cent or more than £33m on the previous campaign. That saw their salary costs overtake [...]
Chelsea co-owner makes ‘game changing’ investment in pro squash circuit May 23, 2023 Chelsea co-owner and LA Dodgers chairman Mark Walter has announced a major investment in professional squash that the sport’s bosses have hailed as “a game changer”. The businessman has acquired a stake in Squash Media & Marketing with the intention to promote the sport to a global market. This comes months after City A.M. revealed [...]
Everton in exclusivity agreement with with MSP Sports Capital May 22, 2023 Struggling Premier League club Everton have reportedly entered into an exclusivity agreement with MSP Sports Capital surrounding a potential £600m sale of the Toffees, City A.M. understands. Sean Dyche’s men are currently laying towards the bottom of the Premier League with one game – at home to Bournemouth next Sunday – remaining in their campaign. [...]
Manchester City, Premier League titles and the many asterisks in European football May 21, 2023 Release the ticker tape, crank up Blue Moon and fetch Pep Guardiola’s dancing shoes: Manchester City are Premier League champions again for the fifth time in six years and the seventh time in a decade. With FA Cup and Champions League final appearances to come before the season is out, there is every chance that [...]
Man Capital buys new Major League Soccer franchise in San Diego for record £400m May 18, 2023 London-based Man Capital has been confirmed as the owner of a new San Diego franchise in Major League Soccer after agreeing a record deal with US football chiefs. The family office of Egyptian billionaire Mohamed Mansour, the Conservative Party senior treasurer, is understood to have paid around $500m (£402m) for the team, who will begin [...]
Everton could be sold to 777 Partners NEXT WEEK for £600m, reports May 18, 2023 Premier League strugglers Everton could be under new ownership as early as next week with US fund 777 Partners reportedly willing to pay around £600m. Everton under existing owner Farhad Moshiri has been plagued with discontent from fans, despite a last ditch run at the end of last season to keep the Liverpudlians in the [...]
‘It’s not hard to imagine a future where the IPL simply is cricket’ May 18, 2023 As the ICC is set to change the way it distributes revenue, with India getting a significant portion, Ed Warner states that it is not hard to imagine a world where the IPL simply is cricket. The venality and self-interest that drive decisions in international cricket have been so well known for so long that [...]