Liverpool part-owner RedBird Capital Partners makes approach to buy AC Milan – reports May 5, 2022 RedBird Capital Partners, the US investment firm with a minority stake in Liverpool’s owners, is interested in buying AC Milan, according to reports. RedBird has approached AC Milan’s owners, US hedge fund Elliott Management, about a possible deal for the Italian football club, reports Mark Kleinman for Sky News. Bahrain’s Investcorp had been expected to [...]
Ed Warner: The metaverse, Web3 and what it means for football club valuations May 5, 2022 In this week’s column, Ed Warner delves into the metaverse’s possible ramifications for the business of sport and considers the latest twists in the Chelsea sale saga. It was the shoes that put me in my place. Queuing to enter the SportsPro Live jamboree at The Oval last week, I scanned the footwear of my [...]
Chelsea facing administration unless Roman Abramovich drops plans to call in £1.5bn debt May 4, 2022 Chelsea owner Roman Abramovich will likely have to drop plans to call in his £1.5bn loan to the club or see it go into administration. Abramovich is reported to have scrapped an apparent previous commitment to write off the debt as part of the sale of the club. The sanctioned Russian oligarch is not allowed [...]
Chelsea sale: Sir Jim Ratcliffe bid ‘rejected out of hand’ by Roman Abramovich’s bankers May 4, 2022 Sir Jim Ratcliffe’s bid for Chelsea has been “rejected out of hand”, according to senior figures at his business the Ineos Group. The British petrochemicals billionaire made an 11th-hour offer for the Premier League club last week which comprised £2.5bn plus a commitment to invest a further £1.75bn. But Ratcliffe has indicated that he is [...]
Chelsea sale: Deal plunged into doubt after U-turn on loan repayment – reports May 3, 2022 Fresh doubt surrounds the proposed sale of Chelsea after it was reported that owner Roman Abramovich wants to change the structure of the deal. Having previously indicated that he was willing to write off more than £1.5bn of debt owed by the club to another of his companies, he is now said to have asked [...]
Paul Merson: Football should do more to stop lives being ruined by gambling addiction May 3, 2022 Former footballer and reformed addict Paul Merson believes the sport should do more to stop players falling prey to gambling problems. Merson also battled alcohol and drugs during a career that nevertheless gleaned league titles, European trophies and playing at World Cups for England. The ex-Arsenal forward, 54, was driven to the brink of suicide [...]
English football regulator may be constrained by conflicting aims, says legal expert May 2, 2022 An independent regulator of English football may be rendered toothless by conflicting aims, says a legal expert on the running of the sport. The Government last week announced plans to create a regulator as part of its response to former sports minister Tracey Crouch’s Fan-Led Review of Football Governance. But Stuart Hatcher, a corporate lawyer [...]
Football super-agent Mino Raiola dies aged 54 April 30, 2022 Dutch-Italian football agent Mino Raiola has died at the age of 54. The football super-agent, who shot to fame for his work with football legends including Paul Pogba and Mario Balotelli, died after suffering a period of sickness lasting several months, according to reports. Raiola’s family confirmed his death in a statement via Twitter, as [...]
Formula E unveils ‘fastest and greenest ever’ Gen3 electric racing car April 28, 2022 Formula E chiefs have unveiled the new Gen3 car, which is set to be the electric racing series’ fastest and greenest vehicle yet. The Gen3 car, which will be used in next year’s championship by manufacturers including Jaguar, Maserati and Porsche, has a top speed of more than 200mph and is said to be the [...]
Aramco Team Series 2022: What is it? How does it work? And what happened last year? April 28, 2022 The Aramco Team Series changed the landscape of women’s golf when it debuted on the Ladies European Tour last year, and the string of big-money tournaments is returning in 2022, complete with a date in London in June and a new fifth event which tees off next month. Here is all you need to know [...]