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Category: Finances

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Danny Rose the rebel causes thorny problem for Daniel Levy and Spurs

The Tottenham chairman, renowned as a tough negotiator, risks a major mutiny if he does not increase wages significantly

They tell a story at Manchester United that probably sums up why the previous regime at Old Trafford had a policy never to do business with Tottenham Hotspur and Sir Alex Ferguson once remarked that hip surgery was more enjoyable than trying to find common ground with Daniel Levy when it came to money. It goes back to Luka Modric’s final season at White Hart Lane when Ferguson was tipped off that the Croat would be keen on a move to Manchester to fill the void left by Paul Scholes’s retirement. In ordinary circumstances, Modric would have been the ideal fit. These, however, were not ordinary circumstances. Ferguson had never forgotten what it was like dealing with Levy in the protracted transfer saga he referred to as “the Dimitar Berbatov carry-on” and when he raised the matter with David Gill, United’s chief executive, the two men agreed they didn’t have the stomach to go though the same again. As good as Modric was, they simply couldn’t countenance another negotiation involving the Spurs chairman.

As football administrators go, it is certainly difficult to think of anybody else with Levy’s reputation for driving the people with whom he is negotiating to the point of spontaneous combustion. Ferguson, to put it into context, regarded Modric as one of the finest passers in the business and, five years on, probably still thinks the same. Yet he and Gill preferred to watch the player join Real Madrid rather than reopen lines of communication with Spurs. Gill had been there before with Levy and, to borrow a line from Billy Wilder: “I’ve met a lot of hardboiled eggs in my time, but you’re 20 minutes.”

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The ‘kidnapping’ of Jesús Navas: football’s summer of bizarre transfer videos

In an attempt to hype their latest signings, clubs are running amok with shareable content. A treat for the fans or just a money-wasting wheeze?

The best way for football clubs to get rid of the massive wads of cash thrown in their direction by benighted supporters and unimaginative TV companies has traditionally been to pay £50m for a half-decent right back who can’t cross. But wealthy teams are always innovating and this summer they have found a new way of blowing their loot: social media content.

The big clubs with a marketing department (ie all of them) and a brand (all of them bar Burnley) have been hiring a load of over-enthusiastic millennials to make stuff for Facebook, Twitter and the rest. I had the misfortune to sit in front of Arsenal’s Snapchat crew last season and let me tell you they made a humdrum 2-0 victory over Hull sound like the second coming of the Christ.

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‘An electrifying jolt’: how Agüero’s goal sealed Premier League’s global rise

Not just a moment to remember, Manchester City’s thrilling late title win in 2012 embodied the Premier League’s ascent to international dominance

The big bang: how the Premier League was born

It’s 4.53pm BST on 13 May 2012. The score at the Etihad Stadium is 2-2 between Manchester City and Queens Park Rangers and the game is into a fourth minute of added time. The Italian international Mario Balotelli has the ball on the edge of the QPR area. Slipping, he pokes a pass beyond two defenders into the box. His team-mate, a £38m recruit from Atlético Madrid the previous summer, manages to read the pass. With one touch, Sergio Agüero eludes a despairing final challenge. With a second, he fires the ball past Paddy Kenny. Flying into the near corner of the net, Agüero’s goal wins the game in the final second. It also means the 20th Premier League title goes to City, ahead of Manchester United on goal difference.

Related: Deceit, determination and Murdoch’s millions: how Premier League was born

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Ángel María Villar resigns from Uefa and Fifa positions after arrest in Spain

• Suspended Spanish FA president quits as vice-president of both bodies
• Villar being held in jail on suspicion of corruption, which he denies

Ángel María Villar, who is being held in jail in Spain on suspicion of corruption, has resigned from his positions with Uefa and Fifa.

European football’s governing body said in a statement on Thursday that Villar had offered his resignation a day earlier “as vice-president of Uefa and member of the Uefa executive committee with immediate effect”. The 67-year-old, who has denied all allegations, has also stepped down as the senior vice-president of Fifa. He was the most senior of eight vice-presidents behind the Fifa president, Gianni Infantino.

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Ángel María Villar resigns from Uefa and Fifa positions after arrest in Spain

• Suspended Spanish FA president quits as vice-president of both bodies
• Villar being held in jail on suspicion of corruption, which he denies

Ángel María Villar, who is being held in jail in Spain on suspicion of corruption, has resigned from his positions with Uefa and Fifa.

European football’s governing body said in a statement on Thursday that Villar had offered his resignation a day earlier “as vice-president of Uefa and member of the Uefa executive committee with immediate effect”. The 67-year-old, who has denied all allegations, has also stepped down as the senior vice-president of Fifa. He was the most senior of eight vice-presidents behind the Fifa president, Gianni Infantino.

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Deceit, determination and Murdoch’s millions: how Premier League was born

Twenty-five years ago Rick Parry, David Dein and Greg Dyke turned British football on its head. Here the men behind the revolutionary deal retell the story

Rick Parry is showing me the most important document in the recent history of British sport. He has a photo of it on his phone. “Here it is in my handwriting,” he says. “Graham was upstairs, waiting for me to tell him, and I’d forgotten to put FA. So that’s Graham’s writing on the top going ‘by the way, that’s the FA Premier League’.”

“Graham” is Graham Kelly, the former chief executive of the Football Association. In 1991 he hired Parry to help him with a problem. Out of that problem was born a football competition that has become a global brand, a sporting hegemon and a form of soft power for the United Kingdom in the 21st century. But visible even in its totemic “founders’ agreement”, the document on Parry’s phone, were the tensions that would make the Premier League sometimes as reviled as it was beloved.

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Spanish FA president Ángel María Villar Llona arrested on corruption charges

• Villar Llona and four others held after raid on RFEF headquarters
• Arrests follow investigation into finances of Spanish federations

Police in Spain say they have arrested Ángel María Villar Llona, the president of Spain’s football association, Real Federación Española de Fútbol (RFEF).

Villar Llona, who is also a senior vice-president at Fifa and Uefa, was arrested on Tuesday morning along with his son and three other federation executives as part of an anti-corruption investigation.

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Premier League remains world’s richest courtesy of huge TV revenue growth

• Total earnings of 20 top-flight clubs in 2016-17 expected to exceed £4.5bn
• Premier League earned almost €2bn more than any other European league

The Premier League is set to remain by far the world’s richest football league, its clubs earning approximately €2bn (£1.7bn) more collectively than those in Europe’s second richest, the German Bundesliga, according to the annual review of football finances by the consultants Deloitte.

The total £3.6bn earnings of Premier League clubs in 2015-16, as reported by the Guardian’s own review of the clubs’ most recently published accounts are projected to have increased to £4.5bn last season, the first of the league’s vastly more lucrative 2016-19 TV deals.

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Premier League remains world’s richest courtesy of huge TV revenue growth

• Total earnings of 20 top-flight clubs in 2016-17 expected to exceed £4.5bn
• Premier League earned almost €2bn more than any other European league

The Premier League is set to remain by far the world’s richest football league, its clubs earning approximately €2bn (£1.7bn) more collectively than those in Europe’s second richest, the German Bundesliga, according to the annual review of football finances by the consultants Deloitte.

The total £3.6bn earnings of Premier League clubs in 2015-16, as reported by the Guardian’s own review of the clubs’ most recently published accounts are projected to have increased to £4.5bn last season, the first of the league’s vastly more lucrative 2016-19 TV deals.

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Uefa’s Aleksander Ceferin talked about a salary cap – but could it ever happen? | Paul MacInnes

Aleksander Ceferin, Uefa’s president, has brought up a wage cap to curry favour with poorer leagues but is he being realistic in doing so?

It is not often the contents of Mladina magazine get picked up outside the leafy surrounds of Ljubljana but the former journal of the youth wing of the Yugoslavian Communist party is now the most respected political magazine in Slovenia. It is therefore a natural place for the Slovenian president of Uefa, Aleksander Ceferin, to give an interview and by talking about the prospect of a salary cap he made sure more people listened than just his fellow countrymen.

Related: Uefa president hints at luxury tax and transfer changes to rein in rich clubs

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Uefa’s Aleksander Ceferin talked about a salary cap – but could it ever happen? | Paul MacInnes

Aleksander Ceferin, Uefa’s president, has brought up a wage cap to curry favour with poorer leagues but is he being realistic in doing so?

It is not often the contents of Mladina magazine get picked up outside the leafy surrounds of Ljubljana but the former journal of the youth wing of the Yugoslavian Communist party is now the most respected political magazine in Slovenia. It is therefore a natural place for the Slovenian president of Uefa, Aleksander Ceferin, to give an interview and by talking about the prospect of a salary cap he made sure more people listened than just his fellow countrymen.

Related: Uefa president hints at luxury tax and transfer changes to rein in rich clubs

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Uefa’s Aleksander Ceferin talked about a salary cap – but could it ever happen? | Paul MacInnes

Aleksander Ceferin, Uefa’s president, has brought up a wage cap to curry favour with poorer leagues but is he being realistic in doing so?

It is not often the contents of Mladina magazine get picked up outside the leafy surrounds of Ljubljana but the former journal of the youth wing of the Yugoslavian Communist party is now the most respected political magazine in Slovenia. It is therefore a natural place for the Slovenian president of Uefa, Aleksander Ceferin, to give an interview and by talking about the prospect of a salary cap he made sure more people listened than just his fellow countrymen.

Related: Uefa president hints at luxury tax and transfer changes to rein in rich clubs

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Premier League clubs bank record income of £3.65bn – a £200m increase

• Manchester United biggest earners in 2015-16 with £515m
• Clubs wage bill hits £2.25bn but remains sustainable 61% of income

The 20 Premier League clubs earned record income of £3.649bn in the last year before the more lucrative TV deal began, a Guardian analysis has revealed. The financial statements of the clubs in the Premier League in 2015-16, the most recent year for which accounts have been published, showed they made £200m more than in the previous year that was itself a record.

By far the biggest earners were Manchester United; the accounts for the main United company, registered in the Cayman Islands tax haven, showed income of £515m. It was £123m higher than the club with the next highest income, Manchester City.

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Milan have new Chinese owners but doubts grow over Li’s resources | Ed Aarons

Li Yonghong completed his takeover, but does he have the cash to take on Serie A – and why did he take out a €300m loan from a US private equity fund?

It was the photo opportunity they were all waiting for but the handshake between the mysterious new co-owner of Milan and representatives of Suning, the Chinese conglomerate who purchased Internazionale last year, never materialised. Eight thousand miles away in Beijing, as the two clubs with 36 scudettos and 10 European Cups between them played out a 2-2 draw at San Siro last month, tongues were already wagging.

Confirmation Li Yonghong had completed his protracted takeover of Milan a few days before the derby della Madonnina was also greeted with scepticism by some in the Italian press. Far from being the beginning of a shiny new era that had been painted by the former owner Silvio Berlusconi after more than three decades at the helm, Alberto Costa, the experienced Milan correspondent for the Corriere della Sera, admitted on Italian television he had major doubts over the new owner.

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Manchester United to pay Glazer family £18.3m dividend this year

• Projected income over 2016-17 financial year increased to £560m-£570m
• Mourinho resting players on an ‘à la carte’ basis before Europa League final

The six Glazer siblings who own the majority of Manchester United will be paid £18m as a dividend by the club this year, following £15m last year, according to its latest financial statements. The accounts for the three months to 31 March of Manchester United plc confirm the dividend, an annual 18 cents on each share owned, will be paid again in 2016-17.

Related: José Mourinho says season will not be failure if Manchester United lose final

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Manchester United to pay Glazer family £18.3m dividend this year

• Projected income over 2016-17 financial year increased to £560m-£570m
• Mourinho resting players on an ‘à la carte’ basis before Europa League final

The six Glazer siblings who own the majority of Manchester United will be paid £18m as a dividend by the club this year, following £15m last year, according to its latest financial statements. The accounts for the three months to 31 March of Manchester United plc confirm the dividend, an annual 18 cents on each share owned, will be paid again in 2016-17.

Related: José Mourinho says season will not be failure if Manchester United lose final

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Vodafone pulls out of £20m naming-rights deal for West Ham stadium

• Telecoms company abandons plans to sponsor the London Stadium
• Breakdown of talks over terms of deal, not over HMRC investigation

Vodafone has abandoned plans to sponsor the London Stadium in a £20m deal, dealing the latest blow to the venue’s troubled conversion to West Ham United’s home.

The company was believed to be on the verge of a six-year deal to take on the naming rights, several years after the London Legacy Development Corporation, the publicly funded joint venture that owns the stadium, began looking for partners.

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Premier League is destroying game while EFL is starving, says Accrington chairman

• Andy Holt says EFL is ‘like a starving peasant begging for scraps’
• Chairman highlights gulf between top agents’ fees and League Two budgets

Accrington Stanley’s chairman Andy Holt has launched a scathing attack on the Premier League over the size of contracts paid to top-flight players and their agents.

Related: How did your Football League club do this season?

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Premier League agent-spend hits £174m after TV boom

• Manchester City top the list with total of £26.3m
• Chelsea are second highest after forking out £25m

Premier League clubs paid a record £174m to agents during the year which included the summer 2016 and January 2017 transfer windows, the first since the start of the league’s current £8.3bn three-year TV deals. Figures released by the Football Association on Friday revealed that of the £174m total Manchester City paid the most to agents: £26.3m.

Related: Mino Raiola: a fearless negotiator who got his revenge with Paul Pogba deal

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Premier League agent-spend hits £174m after TV boom

• Manchester City top the list with total of £26.3m
• Chelsea are second highest after forking out £25m

Premier League clubs paid a record £174m to agents during the year which included the summer 2016 and January 2017 transfer windows, the first since the start of the league’s current £8.3bn three-year TV deals. Figures released by the Football Association on Friday revealed that of the £174m total Manchester City paid the most to agents: £26.3m.

Related: Mino Raiola: a fearless negotiator who got his revenge with Paul Pogba deal

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