Chelsea, £400m of signings, long contracts and Financial Fair Play: Key questions answered January 21, 2023 Chelsea have raised eyebrows by spending close to £400m since Todd Boehly’s consortium bought the club last summer, including more than £100m in the January transfer window, but has it left the Premier League club in danger of breaking Financial Fair Play (FFP) rules? Why have they been signing players to unusually long contracts? And [...]
Newcastle United: Financial boost from Saudi takeover revealed in Deloitte Football Money League 2023 January 19, 2023 Newcastle United’s financial transformation under Saudi ownership is highlighted by their return to the Deloitte Football Money League, a ranking of the world’s richest football clubs. The Magpies returned to the top 20 for the first time in four years last season, following their takeover by a consortium led by Saudi Arabia’s Public Investment Fund. [...]
World’s richest football clubs 2023: Manchester City retain top spot as Premier League clubs dominate Deloitte Football Money League – see the full ranking January 19, 2023 Manchester City have retained their status as the world’s richest football club, according to the latest edition of the Deloitte Football Money League, which underlines the dominance of the Premier League. Abu Dhabi-owned City topped the annual list, which is based on revenue in the 2021-22 season, for a second year in a row, ahead [...]
Twitter, Facebook, Instagram and TikTok are ‘above the law’, say founders of Hoof, the British football app taking on the social media giants January 17, 2023 British tech start-up Hoof is aiming to “elevate the level of football discussion” with a new app that, unlike Twitter, Facebook and the other social media behemoths, stops abusive posts at source, its founders tell City PM If football and social media had a relationship status it would be “it’s complicated”. On the one hand [...]
Manchester United at Davos: Why has the for-sale Premier League club set up shop at the World Economic Forum? January 16, 2023 Manchester United have insisted that the club’s pop-up venue at Davos is not designed to drum up interest among the world’s super-rich in a possible £8bn sale. United’s owners, the Glazer family, put them on the market in November and bankers are reported to have invited bids for minority or majority stakes by next month. [...]
Here’s how Chelsea’s £89m deal for Mykhailo Mudryk has inadvertently funded Ukraine’s war effort January 16, 2023 Less than a year after Chelsea’s owner Roman Abramovich was sanctioned and forced to sell the club over his links to a Russian regime that had invaded Ukraine, the resistance is set for a £20m windfall as a result of the Blues’ latest signing, Mykhailo Mudryk. Mudryk’s former team Shakhtar Donetsk announced on Monday that [...]
Mykhailo Mudryk: Chelsea hand Ukraine winger longest contract in Premier League history after beating Arsenal to his signing January 15, 2023 Chelsea have handed what is believed to be the longest contract in Premier League history to new £89m signing Mykhailo Mudryk. The Blues outbid Arsenal to beat their London rivals to the Ukraine winger, who has agreed an eight-and-a-half year contract that runs until 2031. Mudryk was at Stamford Bridge on Sunday to watch his [...]
Usain Bolt: Sprinter facing the loss of millions of dollars after alleged fraud January 15, 2023 Usain Bolt has lost millions of dollars as a result of an alleged fraud at a Jamaican investment company. The world’s fastest man is the most high-profile victim of the apparent scam at Stocks and Securities Limited (SSL). Bolt’s agent Nugent Walker said his client noticed that money was missing from his account last week. [...]
Former Premier League footballer jailed for seven years over £15m Ponzi scheme January 12, 2023 Former Premier League footballer Richard Rufus has been jailed for running a £15m foreign currency exchange Ponzi scheme. The London-born 48-year-old was sentenced to seven and a half years in prison at Southwark Crown Court today. Rufus, who played 99 times in the Premier League for Charlton Athletic, tricked friends and family into giving him [...]
DAZN: Sports broadcaster’s operating LOSSES pass £1bn despite revenue RISING January 12, 2023 Sports broadcaster DAZN suffered an operating loss of $1.3bn (£1.1bn) and record overall losses of $2.3bn (£1.9bn) in 2021 despite growing revenue by almost 80 per cent. The UK-headquartered streaming and subscription service, which is a major player in the US, Japan and Germany, saw income swell to $1.6bn (£1.3bn). But costs also increased by [...]
