Apex Group lands $1m sponsorship deal with SailGP June 6, 2023 Financial services provider Apex Group has agreed a three-year sponsorship deal with SailGP believed to be worth in excess of $1m, City A.M. can reveal. The deal, to be announced this week, will see Apex become the exclusive financial solutions partner for SailGP, which has just completed its third season. The sailing competition is backed [...]
Manchester City named world’s most valuable football club brand June 6, 2023 Treble-chasing Manchester City have added another title – the world’s most valuable football club brand. City have received the accolade from leading brand consultancy Brand Finance, whose annual Football 50 list is published today. The Abu Dhabi-owned club have overtaken Real Madrid at the top of the rankings for the first time following their sustained [...]
London Irish must pay players TODAY or be kicked out of Premiership Rugby May 31, 2023 Top-flight rugby club London Irish have been ordered to pay their players today or face expulsion from the Premiership. The Exiles were granted a 24-hour extension to settle May salaries by the Rugby Football Union amid delays to a possible takeover. The RFU is expected to announce this evening at around 7pm whether London Irish [...]
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 [...]