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Category: Finances

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Toxic tactics behind Coventry’s slide from FA Cup glory to brink of oblivion

The litigious, intransigent hedge fund that owns the club is bringing a proud institution to its kneesThere are a couple of signposts to help navigate the barmy situation at Coventry City, to understand how a club can be about to make itself homeless a…

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Der Spiegel’s Rafael Buschmann: ‘In Portugal this is a big political scandal’

Journalist who has worked with Football Leaks to expose wrongdoing doubts justice awaits for the website’s founder“He’s more afraid about what will happen on the political stage because football is completely involved in the mechanisms of the Portugues…

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Liverpool paid agents £43.8m over last year – £17m more than rivals

• Chelsea (£26.8m) and Manchester City (£24.1m) are next on list • Spurs made £113m profit in 2017-18 to break Liverpool’s recordLiverpool spent £43.8m on agents’ fees during the past year – around £17m more than any other Premier League club – accordi…

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Bolton and Macclesfield granted more time in high court over debts

• Cash-strapped Bolton given two weeks to settle their debts• Macclesfield also avoid high-court winding-up orderBolton Wanderers have been given two weeks to settle their debts and avoid a winding-up order, a high court hearing in London has ruled.The…

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Manchester City’s Pep Guardiola says legacy will not be tainted by FFP claims

• Uefa have opened investigation into Premier League champions• Manager insists achievements will ‘absolutely not’ be souredPep Guardiola has insisted his legacy at Manchester City will not be tarnished because of allegations of financial fair play irr…

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Bolton given 24 hours to provide safety assurances for Millwall match

• Concerns club may not be able to pay for stewarding• Bolton failed to pay staff their February wagesBolton have just under 24 hours to assure the local council that safety provisions will be in place for their Championship game on Saturday against Mi…

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Manchester City replace Nike with Puma in 10-year kit deal worth £650m

• Deal thought to be second in England, only to United• Agreement starts next season and covers City’s sister clubsManchester City have signed a long-term kit deal with the German company Puma, who will replace Nike from next season in a 10-year agreem…

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Manchester United reveal £19.6m payoff for José Mourinho and his staff

• Manager compensated following his sacking in December• Portuguese’s next move will be to host show on Russian TVManchester United made a payoff of almost £20m to José Mourinho and his staff, the club’s half-yearly accounts have revealed.Mourinho was …

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Liverpool report world-record £125m profit for 2017-18 financial year

• Champions League football helped beat Leicester’s £92.5m• Reds reinvested £190m in players, including agents’ feesLiverpool broke the world record for the biggest pre-tax profit made by a football club during the 2017-18 financial year, the club’s la…

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Real Madrid and Barcelona overtake Manchester United as top earning clubs

• Top 20 generated £7.4bn of combined revenue in 2017-18• Six Premier League clubs in Deloitte’s money league top 10Manchester United have been unseated as world football’s biggest earners after slipping to third behind Real Madrid and Barcelona in Del…

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Arsenal’s era of austerity is not over yet: Emery must make do and mend | David Hytner

High wages, the lack of Champions League revenue and Kroenke’s parsimony are making the Gunners uncompetitiveIt was the news that Arsenal supporters had longed to hear and it was delivered with an uncharacteristic flourish by Ivan Gazidis. The date was…

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Football is not a level playing field when the game is so governed by cash | Andrew Anthony

In the Premier League and beyond clubs have a set place in the pecking order and despite the odd Leicester-style success that is not likely to changeIn politics it is said that when America sneezes, the world catches a cold. In sport when Manchester Un…

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Barcelona become first sports team to average £10m a year in wages

• Sporting Intelligence survey highlights spiralling pay• Real Madrid second; Manchester United highest British clubBarcelona have become the first sports team in history with average first-team pay in excess of £10m a year, according to the latest Glo…

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Alexis Sánchez signing plays part in Manchester United 10% wage bill rise

• Sánchez signing and new Fellaini contract part of £77m bill• Club’s revenue down to £135m from £143mManchester United’s wage bill has increased by more than 10%, the club’s latest financial figures have shown. The rise was attributed primarily to inv…

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Der Spiegel’s email leaks more evidence that elite will never be satisfied

Leaked internal messages about formation of European super league show again the insatiable desire to consolidate power and resources among Europe’s richest teamsThe principal revelation about top clubs’ recent moves to form some kind of European super…

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Dulwich Hamlet: the improbable tale of a tiny football club that lost its home to developers – and won it back

After they were locked out of their own stadium, an unlikely band of supporters came together to save the club. By Tom Lamont. Photographs by Tom JenkinsStood in his traditional place, at the back of the main spectator stand, radio microphone in pocket…

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Manchester United have been owned by the Glazers for 13 years. No wonder they’re struggling | David Conn

The Glazers’ takeover has drained more than £1bn out of United since 2005, not too far off the amount Sheikh Mansour has invested into CityAt Manchester United, the football club’s multilayered travails, the misery of the manager and the palpable sense…

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Uefa reopens financial fair play investigation into Paris Saint-Germain

• PSG had been cleared of breaking FFP rules in June• Uefa statement: case reopened ‘for further investigation’Uefa has announced it has reopened its investigation into Paris Saint-Germain’s finances, having previously cleared the club of breaking fina…

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West Ham’s David Gold says agents are ‘sucking tons of money’ out of football

• Gold: ‘Other than agents, everyone else is against them’• Premier League club executives call for ban on paymentsThe West Ham co-chairman David Gold has launched a stinging attack on football agents, declaring they are “sucking tons of money” out of …

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Manchester City accounts show Sheikh Mansour has put £1.3bn into club

• Total in addition to £150m Mansour paid to buy the club• Club recorded £500.5m turnover and profit of £10m last yearSheikh Mansour bin Zayed al-Nahyan of the Abu Dhabi ruling family has spent more than £1.3bn directly investing into Manchester City s…