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 [...]
LaLiga attempts to keep sponsors onside amid Vinicius racism controversy May 25, 2023 Under-fire LaLiga president Javier Tebas has approached sponsors in a bid to prevent them fleeing amid the Vinicius racism crisis engulfing Spanish football. Tebas has been criticised for his handling of racism in the stands and the Real Madrid star’s claim that LaLiga “belongs to racists” after repeated episodes of discrimination. LaLiga’s main sponsor is [...]
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. [...]
Ed Warner: Football should offer players amnesty in wake of Ivan Toney betting ban May 25, 2023 This week Ed Warner examines what Ivan Toney’s betting ban means for football, the eye-watering cost of tickets for the Paris 2024 Olympics, and a nuanced take on the trans debate in sport. If you stick a betting company logo on a young man’s shirt, beam his image around the world for 90 minutes every [...]
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 [...]
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 [...]
Taking flight: Inside the rise and rise of darts – and where the sport is heading next May 15, 2023 “More people in this country know who Michael van Gerwen is – a darts player from the Netherlands – than who the fastest British man and woman are,” declares Matt Porter, chief executive of the Professional Darts Corporation. Porter might have a dog in that particular fight but he is on the money about the [...]