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 [...]
City Moves: Who’s switching jobs in the Square Mile this week? August 11, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Former Tesco director joins London’s Interpath as special advisor London-headquartered firm Interpath Advisory has appointed former Tesco director and retail veteran Christine Cross as a special advisor for the business. Cross’ extensive non-executive and advisory board [...]
Sutton United: How the non-league lifers did a Leicester – and why they have had to transform the club for their debut season in the EFL August 7, 2021 Sutton United’s long-serving chairman Bruce Elliott has more than one reason to look forward to today’s trip to Forest Green Rovers. Elliott’s overriding emotion will be pride that the club he has been involved with for half a century has reached the English Football League (EFL) for the first time in their 123-year history. But [...]
£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 [...]
CVC to enter football with £2.3bn deal for 10 per cent of Spain’s LaLiga August 4, 2021 CVC Capital Partners is set to make its first major football investment by paying €2.7bn (£2.3bn) for a minority stake in Spain’s top league, LaLiga. The private equity giant, which has invested heavily in rugby in recent years, has an agreement in principle for around 10 per cent of LaLiga. “LaLiga confirms a strategic agreement [...]
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 [...]
Abramovich bought Chelsea on Putin’s orders, former FT correspondent in Moscow claims July 28, 2021 Russian billionaire Roman Abramovich was accused of buying Chelsea FC as “part of a scheme to corrupt the West” on Vladimir Putin’s orders in a “seriously defamatory” book about the Russian president’s regime, his lawyers told the High Court today. The 54-year-old billionaire is suing journalist Catherine Belton over her best-selling book Putin’s People: How [...]
Boris Johnson says being double-jabbed will ‘help you’ go to mass events July 28, 2021 Boris Johnson has said today that getting two vaccines will “help, not hinder” people wanting to travel or go to mass events in a clear suggestion the government wants to roll out vaccine passports. The Prime Minister said “it’s a very positive thing” to get a Covid jab and that take up among young people [...]
Refusing to take Covid vaccine is selfish, says Michael Gove July 27, 2021 People who refuse to take the Covid vaccine are selfish and putting peoples’ lives at risks, according to Michael Gove. The chancellor of the Duchy of Lancaster also said “some form of certification” was “the right way to go” for things like nightclubs and mass events. More than 70 per cent of adults have received both [...]