Usain Bolt: Sprinter facing the loss of millions of dollars after alleged fraud January 15, 2023 Usain Bolt has lost millions of dollars as a result of an alleged fraud at a Jamaican investment company. The world’s fastest man is the most high-profile victim of the apparent scam at Stocks and Securities Limited (SSL). Bolt’s agent Nugent Walker said his client noticed that money was missing from his account last week. [...]
Former Premier League footballer jailed for seven years over £15m Ponzi scheme January 12, 2023 Former Premier League footballer Richard Rufus has been jailed for running a £15m foreign currency exchange Ponzi scheme. The London-born 48-year-old was sentenced to seven and a half years in prison at Southwark Crown Court today. Rufus, who played 99 times in the Premier League for Charlton Athletic, tricked friends and family into giving him [...]
DAZN: Sports broadcaster’s operating LOSSES pass £1bn despite revenue RISING January 12, 2023 Sports broadcaster DAZN suffered an operating loss of $1.3bn (£1.1bn) and record overall losses of $2.3bn (£1.9bn) in 2021 despite growing revenue by almost 80 per cent. The UK-headquartered streaming and subscription service, which is a major player in the US, Japan and Germany, saw income swell to $1.6bn (£1.3bn). But costs also increased by [...]
Ed Warner: The row over sport banning Russian players will be even bigger in 2023 January 12, 2023 Wimbledon will be here before we know it. Expect the debate about banning Russian and Belorussian stars to start soon. The tug of war over the two bellicose nations’ participation at next year’s Paris Olympics and Paralympics has already begun. Schisms within sports and between their leaders and politicians are inevitable. Last year, backed (or [...]
Joao Felix: Chelsea pay eight-figure loan fee to make Portugal and Atletico Madrid star the 12th signing under Todd Boehly January 11, 2023 Chelsea have continued their recruitment drive by signing Portugal forward Joao Felix on loan from Atletico Madrid for the rest of the season. The 23-year-old is the 12th player to join since Todd Boehly’s consortium bought the Premier League club from Roman Abramovich for £2.5bn last summer. Chelsea are believed to have agreed to pay [...]
Why Manchester United sale could fetch the Glazer family even more than their £6bn asking price – despite Cristiano Ronaldo exit January 11, 2023 The Glazer family’s hopes of achieving a record valuation for the sale of Manchester United have increased after the football club’s share price reached a four-year high. Some analysts believe it could push the price of a takeover towards $10bn (£8.2bn), in excess of the American owners’ original $7bn (£5.8bn) asking price. United’s share price [...]
Paris Saint-Germain, Real Madrid, Manchester City: Which team has the biggest wage bill in European football? January 10, 2023 Paris Saint-Germain’s signing of Lionel Messi contributed to the club setting a new record for the biggest wage bill in European football history last season. The French champions paid their players and staff €728m (£642m) in 2021-22, a year-on-year increase of 45 per cent, according to a new report by advisory Football Benchmark. It followed [...]
Why Tottenham Hotspur have emerged as a target for Paris Saint-Germain owners Qatar Sport Investments January 9, 2023 Qatar Sports Investments, the owners of Paris Saint-Germain, have identified Tottenham Hotspur as a potential minority investment as they accelerate plans to build a global network of football clubs in 2023. Sources close to QSI said chairman Nasser Al-Khelaifi, who is also PSG president, held talks with Tottenham executive chairman Daniel Levy last week to [...]
Why Fifa’s crackdown on football agents’ fees could spark a stampede to do deals January 8, 2023 Tougher rules for football agents come into force from Monday as part of a Fifa crackdown that will see agents’ fees capped at three per cent of a player’s salary. Some of the world governing body’s new regulations take effect immediately, such as a mandatory licensing system for all agents, while others, such as the [...]
FA Cup prize money: How much can clubs earn in the third round and what is an FA Cup run worth? January 6, 2023 Ah, the men’s FA Cup third round: the romance of lower league teams getting their shot at Premier League giants, the magic of part-timers upsetting the superstars, and the prize money and other financial rewards that can transform a small football club’s fortunes. This weekend is when the prize money hits six figures, and that’s [...]