Young footballers ‘risking most of their wages on crypto’ prompts growing concerns June 21, 2022 Football has a “big problem” with young players risking the majority of their pay on cryptocurrencies, says a leading financial adviser to the sports industry. Players are being sucked in by social media content that ignores the major risks of investing in crypto, says Ben Smith, a partner at FLM. “I have seen lots of [...]
Paris Saint-Germain exec blasts LaLiga: ‘The last person we’ll take lessons from is Javier Tebas’ June 16, 2022 Paris Saint-Germain executives have issued a withering retort to LaLiga president Javier Tebas after the Spanish football chief accused the French club of breaking financial rules. LaLiga announced on Tuesday that it has lodged a formal complaint about Qatar-owned PSG’s spending with European football’s governing body Uefa. It follows PSG retaining the services of superstar [...]
Liverpool agree club record £85m transfer fee for Benfica striker Darwin Nunez June 13, 2022 Liverpool have agreed a £85m deal to make Benfica striker Darwin Nunez their record signing, the Portuguese club have confirmed. The Premier League team will pay a guaranteed £64m, plus additional performance-related fees up to a maximum of £21m. Uruguay international Nunez, who scored 34 goals in 41 games last season, is due to undergo [...]
French authorities dismiss criticism of Paris police ‘brutal’ treatment of Liverpool fans and point to ticket fraud May 31, 2022 European governing body UEFA announced last night that an independent and comprehensive review will be conducted into the dangerous events outside the Stade de France last weekend. The announcement followed after Liverpool accused French authorities of trying to “deflect responsibility” for the chaotic scenes that marred Saturday’s Champions League final in Paris. However, UEFA initially [...]
Manchester City want more signings after Haaland, says chairman Al Mubarak May 31, 2022 Manchester City plan to follow the recruitment of Erling Haaland with more summer signings, says chairman Khaldoon Al Mubarak. The Premier League champions beat a host of top clubs to lure prolific Norway striker Haaland from Borussia Dortmund earlier this month. City have also been linked with moves for Leeds and England midfielder Kalvin Phillips [...]
Chelsea Board of Directors confirm sale of club to Todd Boehly consortium completed May 30, 2022 Chelsea have today completed the sale of the Premier League outfit to the consortium led by Todd Boehly and Clearlake Capital. With the £4.25bn takeover completed, Roman Abramovich’s 19-year relationship with the London club as owner has come to a conclusion. In a statement, the board of directors said: “We would like to think all [...]
Nottingham Forest promoted to confirm 20-team Premier League line-up May 29, 2022 Nottingham Forest secured their return to the Premier League after a 23-year absence – and a guaranteed £170m boost to their income – with victory over Huddersfield Town in the Championship Play-Off Final yesterday at Wembley. The only goal in Forest’s 1-0 win came late in the first half when Huddersfield defender Levi Colwill turned [...]
Champions League final: Trauma of Liverpool fans raises serious questions for Uefa May 29, 2022 When Uefa moved the Champions League final from St Petersburg to Paris three months ago in response to Russia’s invasion of Ukraine, the assumption was that it would result in the smooth execution of the biggest match in club football. Regrettably, the footage and testimony of many Liverpool fans and neutral observers who attended the [...]
Rising wages tip Manchester United to £27.7m Q3 loss despite post-pandemic revenue recovery May 26, 2022 Manchester United made a loss of £27.7m for the three months up to the end of March, a 53 per cent increase on the same period last year, due to rising wages and unfavourable exchange rates. Revenue was up 29 per cent to £152.8m, largely due to the return of supporters to Old Trafford following [...]
Chelsea £4.25bn takeover satisfies Premier League owner’s test May 24, 2022 The Chelsea takeover bid led by Todd Boehly’s consortium has passed the Premier League owner’s and directors test. The move ticks yet another box on the list that, once completed, will see the Premier League outfit change hands from sanctioned owner Roman Abramovich. The Boehly bid has not gone through, however, as it remains dependant [...]