Football clubs, players and agents increasingly on HMRC’s radar August 16, 2021 HMRC tax investigators are targeting football clubs for £45m in tax they have underpaid, City A.M. can reveal today. According to data provided by HMRC to accountancy firm UHY Hacker Young and shared with this newspaper today, HMRC has uncovered £5.8m in tax owed by players and £4.8m owed by agents in the last year. [...]
Watford FC to feature Doge on football shirts August 16, 2021 Watford’s shirt sleeve sponsor for the upcoming 2021-22 season will be the meme-based cryptocurrency Dogecoin. According to an insider at Watford FC, the deal is worth upwards of £700,000 and will exceed the £1m sponsorship deal which the Premier League club inked with its previous sleeve partners Bitcoin if the bonus conditions are met. Dogecoin [...]
Goals galore: Full houses witness Premier League’s second highest scoring opening weekend ever August 16, 2021 The return of fans to full stadia coincided with the highest scoring opening weekend in the Premier League for almost 20 years. For the first time since March 2020, England’s top-flight clubs were allowed capacity crowds at matches as the new season got underway. And supporters were treated to a feast of goals, with a [...]
Manchester United, Liverpool, Chelsea and Manchester City among Super League rebels to return to European Club Association August 16, 2021 Nine of the rebel football clubs who agreed to join a breakaway European Super League – including six Premier League sides – have rejoined the European Club Association (ECA). The teams renounced their memberships of the influential group, which represents more than 200 of Europe’s leading clubs, as part of their decision to join the [...]
Premier League 2021-22 season preview: Fans of London clubs name their best and worst case scenarios and their players to watch August 13, 2021 For even the most jaded of football supporters, the start of a Premier League season is a special time. The arrival of new managers and players promises to transform fortunes, while last year’s disappointments have faded sufficiently to allow optimism to break out again, at least until the first round of games. So ahead of [...]
Grave impact of pandemic on English football laid bare by report but US investor appetite grows August 12, 2021 A report published by accountancy firm BDO has displayed the impact of the Covid-19 pandemic on English football clubs. The BDO report, which surveyed the finance directors from the top four leagues, found that more than 80 per cent of clubs accessed the furlough scheme, while 70 per cent deferred tax payments. The impact of [...]
£100m Jack Grealish: How most expensive signing in Premier League history compares to biggest transfers of all time August 5, 2021 Jack Grealish has become the most expensive signing in Premier League history after completing his £100m transfer from Aston Villa to Manchester City. Grealish is also the most expensive English player ever to be traded, and the eighth most expensive transfer of all time. The England attacking midfielder, 25, shone for England as they finished [...]
Socios: The blockchain-enabled fan token platform promising to unlock revenue from the global fanbases of sport’s most famous teams July 31, 2021 Football’s transfer market may have lacked headline-grabbing deals so far this summer but the same can’t be said for Socios. The platform, which sells “fan tokens” offering supporters the chance to influence decisions at their team, has instantly increased visibility with a clutch of major partnerships. Last week Socios announced the launch of an Arsenal [...]
European football market contracted by £3.4bn in first few months of Covid-19 pandemic, Deloitte report finds July 29, 2021 The European football market shrunk by 13 per cent in the first few months of the pandemic, according to analysis by Deloitte. Total revenue fell by €3.7bn (£3.4bn) to €25.2bn (£22.1bn) in 2019-20, the first decrease since the global financial crisis struck more than a decade earlier. Clubs suffered as leagues were postponed and resumed [...]
Crystal Palace report £58m loss for pandemic-hit 2019-20 season July 26, 2021 Crystal Palace have announced a £58m loss for the 2019-20 season as a result of Covid-19’s impact on football. The Premier League club saw revenue fall £13m to £142m, while operating expenses increased by £15m to £154m. The drop in income was largely due to the effect of matches in the second half of the [...]