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Category: Finances

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Covid-19 impact leaves major European football clubs with €1bn loss

Pandemic has hit players’ values, says KPMG studyKylian Mbappé most valuable player at €200mTwenty of Europe’s biggest clubs lost more than €1bn in revenue over the past year while almost 10% has been knocked off players’ average values as the game str…

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Wigan Athletic takeover off amid claims bidder reduced offer by almost 50%

Administrators had been negotiating takeover since SeptemberClub say accepting offer would have led to 15-point deductionWigan Athletic’s prospective takeover is off, with the League One club claiming that the Spanish bidders reduced their offer by alm…

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Wigan Athletic takeover off amid claims bidder reduced offer by almost 50%

Administrators had been negotiating takeover since SeptemberClub say accepting offer would have led to 15-point deductionWigan Athletic’s prospective takeover is off, with the League One club claiming that the Spanish bidders reduced their offer by alm…

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Sunderland confirm agreement reached with Kyril Louis-Dreyfus for takeover

Frenchman set to acquire Stewart Donald’s controlling interestLouis-Dreyfus will become chairman pending EFL approvalSunderland have announced that an agreement has been reached with a prospective new owner, Kyril Louis-Dreyfus, the son of the former M…

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Everton make annual loss of £139.9m as Covid-19 takes toll

Farhad Moshiri set to plug gap in £250m share issueEverton have posted losses of almost £265m in three yearsEverton suffered a staggering loss of £139.9m in the 2019-20 financial year – £67.3m as a result of Covid-19’s impact on football – and have pro…

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Football transfers rife with illegality and exploitation, unpublished report found

Uefa-commissioned 2018 report found money-launderingIt said ban on third-party ownership not being enforcedA confidential Uefa-commissioned report into the transfer market concluded money-laundering was widespread and “dominant agents” were exploiting …

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Premier League agrees £250m package with EFL to help struggling clubs

£50m fund for clubs in League One and League Two £200m loan facility available for Championship interest-freeThe Football League has accepted an enhanced £250m rescue package that will involve League One and League Two clubs being given an immediate £3…

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Europe’s richest clubs want a super league: perhaps it’s best to let the greedy go | Jonathan Wilson

If the insatiable elite want to follow the IPL’s example, then let them if it helps counter football’s growing predictabilityConsider the start of this season. What do you see? Do the chaotic results – Manchester City letting in five, Manchester United…

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Newcastle fans boycott pay-per-view and donate fees to local food bank

Initiative has raised £19,000 for West End food bank so farFans unhappy with fee of £14.95 per Premier League gameNewcastle United supporters have raised an estimated £19,000 by choosing to give to a local food bank charity rather than watching their t…

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FA chairman condemns Project Big Picture as grab for power and wealth

Greg Clarke insists ‘benefits need to be shared’Game needs ‘a more consensus?based approach’The Football Association chairman, Greg Clarke, has emphatically criticised the Project Big Picture proposals developed by Liverpool, Manchester United and the …

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EFL clubs agree to put their support behind Project Big Picture

Rick Parry’s proposals overwhelmingly backed by EFL clubs£250m instant payment to aid Covid crisis key to dealEFL clubs have swung as a bloc behind Project Big Picture, despite concerns over a potential seismic power shift at the top of the game.With C…

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Project Big Picture’s little nod to women’s game not wanted or needed | Suzanne Wrack

Liverpool and Manchester United have lagged behind other big clubs in support of their women’s teams and their interest now reeks of financial opportunismMaybe we should be grateful that those responsible for Project Big Picture have included support f…

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Project Big Picture’s little nod to women’s game not wanted or needed | Suzanne Wrack

Liverpool and Manchester United have lagged behind other big clubs in support of their women’s teams and their interest now reeks of financial opportunismMaybe we should be grateful that those responsible for Project Big Picture have included support f…

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Project Big Picture’s little nod to women’s game not wanted or needed | Suzanne Wrack

Liverpool and Manchester United have lagged behind other big clubs in support of their women’s teams and their interest now reeks of financial opportunismMaybe we should be grateful that those responsible for Project Big Picture have included support f…

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How Project Big Picture changed the politics of football in one swoop | David Conn

Liverpool’s and Manchester United’s plan has been roundly condemned by the Premier League, but leaves the English game in uncharted territory The Premier League’s 20 clubs will assemble for a scheduled meeting this week with an agenda spectacularly dis…

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Project Big Picture under pressure as Premier League clubs fail to back reform

Meeting this week set to be dominated by leaked proposalsWest Ham among top-flight clubs to heavily criticise plansManchester United’s and Liverpool’s “Project Big Picture” is already under intense pressure after audacious plans for the reform of Engli…

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‘Beggars can’t be choosers’: football pyramid reacts to Project Big Picture

The proposals have provoked outrage at many Premier League sides, but struggling EFL clubs are taking a pragmatic approachThe day after the story broke Liverpool appeared to accept the plan they have co-conceived will need some refinement. They are und…

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Project Big Picture Q&A: what are the proposals and what happens next?

How will the controversial plans affect the Premier League clubs and the football pyramid below?One part of the plan would see £250m shared from the Premier League to the three tiers of the English Football League below it. This would match a sum reque…

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Project Big Picture’s offer to EFL clubs: you will be looked after – and know your place | Jonathan Liew

The leaked plans contain both good and bad ideas, but will act as a licence to print money for the so-called big sixNot many people seem to remember Benjamin Disraeli’s novels these days, partly because – by and large – they weren’t very good. Indeed, …

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Plan to mend the great crack in football pyramid should not be swept off the table | David Conn

Liverpool and Manchester United have infuriated the Premier League clubs who were in the dark but the premise of their proposal is soundThere are so many extraordinary elements in the Liverpool and Manchester United proposals to reshape English footbal…