Fulham residents hit with matchday parking fees – even with no fans at Craven Cottage November 25, 2020 Tory MP Greg Hands has hit out at Fulham and Hammersmith Council for implementing matchday parking restrictions around Fulham FC’s Craven Cottage, despite there being no fans at games. The council is charging people £2.50 an hour to park in some areas around the Premier League club’s ground, with £80 fines given to cars parked [...]
New: Derby County head for Gulf ownership November 6, 2020 Derby County are set to be the latest club to move into Gulf ownership, it emerged today. Bin Zayed International LLC, owned by Sheikh Khaled bin Zayed Al Nehayan, has agreed a deal in principle with current owner Mel Morris. Sheikh Khaled is a cousin of Manchester City owner Sheikh Mansour, who has poured millions [...]
Top English clubs and JP Morgan ‘in talks’ over $6bn European super league October 20, 2020 US banking giant JP Morgan and top-flight English clubs are said to be in talks over a game-changing $6bn (£4.6bn) plot to launch a new Fifa-backed European football league.
McLaren boss says operating costs now ‘break even’ following fundraising and redundancies, and downplays second wave fears October 19, 2020 McLaren CEO Mike Flewitt has described his “horrible” 2020 in an exclusive interview with City A.M., but says he is “cautiously optimistic” despite the second wave of coronavirus. Flewitt was forced to make 1,200 redundancies – almost a quarter of the company’s 4,000-strong workforce – and carry out a sale and lease-back of the McLaren [...]
Sir Keir Starmer backs return of Arsenal mascot Gunnersaurus October 7, 2020 Sir Keir Starmer has thrown his weight behind sacked Arsenal mascot Gunnersaurus and called for his return to the club. A spokesperson for Starmer, an Arsenal season ticket holder, said today that the Labour leader was “disappointed” by the club’s decision to axe its iconic mascot and the man who plays him – Jerry Quy. [...]
Shot in the arm for e-sports market as David Beckham-backed enterprise is UK’s first to float October 2, 2020 David Beckham’s e-sports company Guild Esports started trading on the London Stock Exchange today. The firm, which trades under the ticker GILD, is the first major e-sports company to go public in the UK. Guild Esports said earlier this week that its oversubscribed offering of 250m shares was priced at 8 pence per ordinary share. [...]
Prem clubs ‘trade deficit’ hits £781m as critics of Covid-19 response mount September 29, 2020 Premier League clubs spent £781m more on bringing players into the league in 2019/20 than they received for selling players abroad, a new report reveals. The twenty top English clubs spent a record £1.61bn in the season just gone on incoming players from other leagues, but clubs brought in only £829m. Read more: Real and [...]
Saudi Arabian takeover of Newcastle United off as bid withdrawn July 30, 2020 The Saudi Arabia-backed bid to takeover Newcastle United football club has been withdrawn this afternoon. A consortium made up of the Gulf state’s Public Investment Fund, PCP Capital Partners and the Reuben brothers had reportedly made a £300m bid to businessman Mike Ashley for the Premier League team. In a statement, the group said: “With [...]
Manchester United revenue drops almost £30m due to Covid-19 May 21, 2020 Manchester United today said its revenue fell by almost £30m in the third quarter after the football season was brought to a halt due to the Covid-19 pandemic. The New York-listed football club reported total revenue of £123.7m in the three months to the end of March, down from £152.1m in the same period last [...]
Coronavirus crisis set to wipe $17bn off sports sponsorship market May 18, 2020 Global sports sponsorship revenue will fall by $17.2bn (£14.1bn) this year as a result of the coronavirus pandemic, new forecasts have revealed. Total spend is expected to reach just $28.9bn in 2020 — a 37 per cent fall year on year — as scores of live sporting events have been scrapped and businesses look to [...]