Premier League restructuring plan is ‘power grab’, cultural secretary warns October 12, 2020 A radical plan to restructure the Premier League looks like little more than a “power grab” by English football’s elite clubs, a top government minister has warned. Manchester United and Liverpool are among the teams to back a Covid-19 rescue package for lower league football that would spark a major shake-up of the game. The [...]
Saudi Arabian takeover of Newcastle United off as bid withdrawn July 30, 2020 The Saudi Arabia-backed bid to takeover Newcastle United football club has been withdrawn this afternoon.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 [...]
Coronavirus and football: What happens if the Premier League is cancelled? March 14, 2020 As Liverpool’s footballers emerged from the dugout at Anfield on Wednesday evening, fans stretched their hands down towards them from the flanking stands in search of a high five. Most players ignored them. Sadio Mane, Liverpool’s second highest goalscorer of the season and African player of the year, reached up to grant one supporter his [...]
Stop comparing business with football December 4, 2019 There are many similarities to be drawn between the executive boardroom and the football pitch. Both are high-stakes environments, full of competition and ruthlessness. They also host some of the most meaningless jargon in the history of the English language (think “game of two halves” and “reaching out about disrupting industries”). And, dare I say [...]
Man City owner CFG buys majority stake in India’s Mumbai FC November 28, 2019 City Football Group (CFG), the Abu Dhabi company which owns Manchester City, has signed a deal to purchase a 65 per cent stake in India’s Mumbai City FC. The acquisition means that CFG will own stakes in eight football clubs, including majority stakes in New York City FC and Melbourne City. Read more: Silver Lake [...]
Stevenage FC launch share offering as they seek £1.2m boost to promotion ambitions June 3, 2019 For clubs scrambling to scale the ultra-competitive English football pyramid it can pay to go against the grain. Ambitious Stevenage FC are doing just that with an innovative equity offering designed to give them a leg up into League One and, later, the Championship. Chairman and majority owner Phil Wallace hopes to raise £1.2m by [...]
Premier League given profit warning as rising wage bills eat into margins despite record revenue April 25, 2019 The Premier League may be experiencing a vintage season on the pitch, with a title race for the ages, most key positions in the table still undecided and English clubs dominating in Europe once more. But off the field the picture appears to be taking a turn for the worse, with top-flight teams’ most recent [...]
The world’s richest football clubs 2019: Real Madrid replace Manchester United at top of Deloitte Football Money League January 23, 2019 Manchester United have lost their status as the world’s richest club after Real Madrid replaced them at the top of Deloitte’s Football Money League. The Spanish giants ended United’s two-year domination of the annual list by generating revenue of €751m (£665m) last season – an all-time record for any football club. Read more: Spurs vs [...]
Why have Premier League clubs made so few signings in the January 2019 transfer window? January 21, 2019 On the field, the action continues to come thick and fast in the Premier League. Liverpool and Manchester City remain locked in a title race of the highest quality, there are compelling battles both to finish in the top four and to avoid relegation, and the most recent round of fixtures saw not one but [...]
Did Football Leaks kill financial fair play? Where breakaway threats and claims of systematic cheating have left Uefa’s rules December 6, 2018 Credibility has always been hard to come by for Uefa’s financial fair play rules, but a series of recent claims involving some of the sport’s richest and most powerful clubs has made the European governing body’s attempts at regulation look weak at best and, at worst, doomed. Central to the current crisis surrounding FFP is [...]