Everton Friedkin Group owners inject £38m, reportedly to pay Burnley Sport Business Everton owners The Friedkin Group have injected £38m into the club, reportedly to cover compensation owed to Burnley. The club was deemed to owe Burnley close to £40m after a landmark ruling earlier this year but the Premier League Independent Disciplinary Commission after the Clarets successfully argued that the Toffees’ breach of Profitability and Sustainability [...]
Premier League’s new financial rules will have winners and losers Sport Business Incoming Squad Coast Ratio rules across the Premier League will breed a new wave of winners and losers, experts have warned. The conclusion of the Premier League season on Sunday – which saw champions Arsenal lift their first title in 22 years – aligned with the end of Profit and Sustainability Rules, where teams could [...]
Why Squad Cost Ratio rules can’t afford to ruin joy of Premier League Sport Business Trevor Watkins, global head of sport at Pinsent Masons and Former director and chairman of AFC Bournemouth, discusses why changes in Premier League football’s financing rules cannot afford to ruin the sport With the Christmas period behind us, the traditional festive season of football fixtures – once a full list on Boxing Day but now [...]
Premier League to keep ability to sell hotels to related companies June 4, 2025 Not enough support was garnered amongst Premier League clubs to hold a vote on changing rules relating to fixed assets. The decision means Premier League clubs like Chelsea will still be able to sell hotels to a company linked to their owners without penalty. The Blues sold two hotels in 2023 and included the generated [...]
Premier League spent over £45m on legal costs in 2023-24 season September 26, 2024 The Premier League spent more than £45m on legal costs over the 2023-24 football season in an effort to fight alleged rule breakers. The body that runs England’s top flight is currently in ongoing disputes having also concluded proceedings on a number of matters across last season. Everton were hit with two separate points deductions [...]
Leicester City deal major blow to Premier League over alleged rules breach September 3, 2024 Leicester City have dealt the Premier League a major blow by winning an appeal against their alleged breach of Profitability and Sustainability Rules (PSRs). The English top flight referred the Foxes, who were promoted to the Premier League at the end of last season, to an independent commission in March for breaching PSR in 2022-23. [...]