Red Devils hit by Champions League absence February 12, 2015 MANCHESTER United has found itself deeper in the red as its failure to qualify for the Champions League has seen debts spiral and revenues plunge. The UK’s biggest football club came seventh last season as David Moyes took over the role of manager from Sir Alex Ferguson who had managed the team since 1986, delivering [...]
BT taps market for £1bn to get EE February 12, 2015 BT RAISED around £1bn through a share placing with institutional investors yesterday to help fund its £12.5bn takeover of mobile phone operator EE. The shares, equivalent to about three per cent of BT’s outstanding issuance, were priced at 455p, slightly below yesterday’s opening price of 458.7p. BT said the placing is not conditional on the [...]
Mourinho relief as Ivanovic escapes McCarthy sanction February 12, 2015 CHELSEA defender Branislav Ivanovic has escaped a three-match ban for his altercation with Everton’s James McCarthy during the Premier League leaders’ late win on Wednesday night. A three-man panel of former referees reviewed the flashpoint, which was missed by referee Jonathan Moss and his assistants, but ruled that the Serb’s behaviour did not merit a [...]
Euro clubs fear Premier League becoming NBA February 12, 2015 EUROPE’S top football clubs have been urged to join forces in a bid to rein in the power of the Premier League, following its eye-watering new £5.1bn television deal. The president of a leading French team says he fears England’s domestic competition is on course to become football’s equivalent of the NBA, and wants European [...]
Ramsey set for extended audition for QPR job after landmark away victory February 12, 2015 QUEENS Park Rangers are set to reward caretaker manager Chris Ramsey for achieving the club’s first Premier League away points of the season by leaving him in control for the rest of the campaign. Coach Ramsey was placed in temporary charge last week following Harry Redknapp’s abrupt resignation and ended Rangers’ 11-match losing streak on [...]
Hodgson drops hint over Kane’s first senior international call-up February 12, 2015 ENGLAND boss Roy Hodgson last night gave a strong indication that Tottenham’s hotshot striker Harry Kane will be included in his squad for next month’s Euro2016 qualifier against Lithuania and friendly with Italy. Kane’s strike against Liverpool at Anfield on Tuesday took his tally for the season to 23 goals in 35 matches, while the [...]
Sport Comment: Modern day Roy of the Rovers ought to savour fairytale rise February 12, 2015 DO NOT adjust your set. You heard correctly: the new Premier League broadcast rights deal is worth £5.1bn; the era of the £10m game is upon us; top stars may soon be earning £500,000 a week – and yes, an elite club manager did appear to throttle an opposing player. In the midst of all [...]
Manchester United trim wage bill but Champions League absence costs club £30m February 12, 2015 The Figures Manchester United’s Champions League absence continued to hit them in the pocket as revenue fell 14 per cent to £105.7m in the second quarter for the three months ended 31 December. That was largely driven by a massive 39 per cent fall in broadcasting revenue from £46.9m to £28.4m. Last [...]
Premier League TV deal: An economics professor on why lowering ticket prices and redistributing the wealth could backfire February 12, 2015 With £5.14bn heading the Premier League’s way thanks to Sky and BT’s record domestic TV rights deal, public pressure is being placed on the organisation to share the wealth and relinquish the financial burden on match-going fans. The Football Supporters’ Federation has called upon the league to implement a £20 limit on away [...]
Shares in Sky drop after huge TV bill emerges February 11, 2015 SKY SAW its stock open four per cent down in trading yesterday after agreeing to fork out £4.1bn for the right to show live Premier League football between 2016 and 2019. The British media giant won five out of the seven TV packages up for sale, but had to stump up 83 per cent more [...]