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Football finance

  • Manchester City want more signings after Haaland, says chairman Al Mubarak

    May 31, 2022

    Manchester City plan to follow the recruitment of Erling Haaland with more summer signings, says chairman Khaldoon Al Mubarak. The Premier League champions beat a host of top clubs to lure prolific Norway striker Haaland from Borussia Dortmund earlier this month. City have also been linked with moves for Leeds and England midfielder Kalvin Phillips [...]

  • Chelsea Board of Directors confirm sale of club to Todd Boehly consortium completed

    May 30, 2022

    Chelsea have today completed the sale of the Premier League outfit to the consortium led by Todd Boehly and Clearlake Capital. With the £4.25bn takeover completed, Roman Abramovich’s 19-year relationship with the London club as owner has come to a conclusion. In a statement, the board of directors said: “We would like to think all [...]

  • Rising wages tip Manchester United to £27.7m Q3 loss despite post-pandemic revenue recovery

    May 26, 2022

    Manchester United made a loss of £27.7m for the three months up to the end of March, a 53 per cent increase on the same period last year, due to rising wages and unfavourable exchange rates. Revenue was up 29 per cent to £152.8m, largely due to the return of supporters to Old Trafford following [...]

  • Ed Warner: ECB may buck financial trends but must turn playing claims into reality

    May 26, 2022

    Fourteen million people participate in cricket in England and Wales. Yep, you read that right! How do we know that a quarter of the population play, attend or follow the sport? Because the ECB told us so last week in its annual report. Looks like the governing body has adopted a Westminster approach to big [...]

  • Chelsea £4.25bn takeover satisfies Premier League owner’s test

    May 24, 2022

    The Chelsea takeover bid led by Todd Boehly’s consortium has passed the Premier League owner’s and directors test. The move ticks yet another box on the list that, once completed, will see the Premier League outfit change hands from sanctioned owner Roman Abramovich. The Boehly bid has not gone through, however, as it remains dependant [...]

  • No crackdown needed to halt spate of pitch invasions, says football crowd expert

    May 23, 2022

    Football authorities should resist pressure to implement tougher crowd control measures following a spate of pitch invasions, says a leading authority on fan disorder. Crystal Palace manager Patrick Vieira called for current safeguards to be reviewed on Sunday after Aston Villa goalkeeper Robin Olsen alleged he was attacked by Manchester City fans who flooded onto [...]

  • Kylian Mbappe: Why Paris Saint-Germain believe star’s new €105m contract will pay for itself

    May 22, 2022

    Paris Saint-Germain believe Kylian Mbappe’s lucrative new €105m contract, which helped to keep him out of the clutches of Real Madrid, will pay for itself. Mbappe signed a new three-year deal with PSG on Saturday worth around €35m a year, putting the 23-year-old France forward in the same pay bracket as team-mate Lionel Messi. It [...]

  • Football club Arsenal to donate £5 to community projects for every new shirt they sell

    May 19, 2022

    Premier League football club Arsenal have pledged to donate £5 to local community work for every new home shirt that they sell. The north London club made the promise as part of the launch of their new kit, which goes on sale today and will be worn by the team in Sunday’s final game of [...]

  • Chelsea directors Buck and Granovskaia set to share in £50m takeover bonus pool

    May 18, 2022

    Chelsea directors including chairman Bruce Buck and Marina Granovskaia are set to receive multimillion pound bonuses once the sale of the club is completed, according to reports. Buck and Granovskaia will share in £50m once a consortium led by Todd Boehly, part-owner of the LA Dodgers baseball team, complete its takeover, according to The Times. [...]

  • Coalition of football clubs file lawsuit against insurers in wake of landmark Axa ruling

    May 17, 2022

    A coalition of football clubs have filed a multi-party lawsuit against six major insurers seeking a larger payout for money lost during Covid-19, after the UK’s Supreme Court said businesses are allowed to reclaim losses suffered due to the impacts of the pandemic. A consortium of 20 separate claimants – including Arsenal, Liverpool, and Aston [...]

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