Botafogo increased borrowings as Textor spreads the cash around
May 7 – Botafogo has borrowed R$333 million ($65.6 million) from American owner John Textor, but not all the cash has remained in the club.
Finance
Vitesse launch crowdfunding campaign in bid save club from folding
May 3 – Dutch Eredivisie outfit Vitesse has started a crowdfunding campaign in a bid to retain the club’s professional status.
Hull City owner Acun Illicali to add Slovenia’s NK Maribor to club portfolio
May 2 – Turkish media tycoon Acun Ilicali, owner of Hull City in the English Championship, has said he plans Slovenia’s NK Maribor, following a series of meetings in Slovenia last week.
Everton call in insolvency specialists as new doubts circle 777’s ability to complete takeover
May 1 – Everton’s protracted takeover by 777 Partners has been thrown further into doubt by the club calling in a leading firm of restructuring and insolvency advisers.
Bienvenida a Necaxa? Reynolds and McElhenney take minority stake in LigaMX club
May 1 – Hollywood stars and Wrexham AFC owners Ryan Reynolds and Rob McElhenney have bought a minority stake in the Liga MX side Club Necaxa, as the duo add a second club to their football portfolio.
Santos report rising debt levels as club faces life in Brazil’s second tier
May 1 – Santos, who were relegated to Brazil’s Serie B last season, have reported rising debt of more than 4%, from R$578 million ($111 million) in 2022, to more than R$600 million in 2023.
Ganchev family exit CSKA Sofia, handing shares and majority control to national sports foundation
May 1 – Joint majority owners of Bulgaria’s CSKA Sofia and the club’s principle funding source, the Ganchev family, are stepping away from the club at the end of the season.
Premier League agrees to bring in salary cap ‘anchored’ against TV revenue from 2025/26
April 30 – English Premier League clubs have taken a significant step towards introducing a salary cap for the first time in order to limit the gap in financial strength between teams at the top and bottom of the division.
Ronaldo exits Cruzeiro ownership with $117m sale to Pedro Figueiredo
April 30 – Brazilian legend Ronaldo has sold his stake in his boyhood club Cruzeiro following criticism over his management. Supermarket chain billionaire Pedro Figueiredo has acquired 100% of the club.
Premier League to discuss hard salary cap, but big club opposition grows
April 25 – For the first time English Premier League clubs are set to discuss a hard salary cap at their next shareholders meeting on Monday but the proposal is likely to face strong opposition.
Everton deal on a knife-edge as 777 Partners struggles to repay £160m loan
April 17 – The investor trying to take control of Everton has pushed back its target date for completing the deal as it scrambles to raise hundreds of millions of pounds to fund the deal.
777 Partners under pressure at Vasco da Gama after club demands financial guarantees
April 17 – Vasco da Gama president Pedrinho has demanded assurance from 777 Partners that they can comply with their financial obligations to the club, taking the American owners by surprise.
LaLiga reports record revenues and attendances for 2023/24 season
April 15 – Spain’s LaLiga is reporting record total revenue of €5.69 billion for the 2022-23 season an increase of 17.8% over the 2021/22 season beating the pre-covid high mark of €5.07 billion in 2019-20.
Aston Villa owner V Sports brings in Atairos new money to ‘enhance’ infrastructure projects
April 16 – US strategic investment firm Atairos has become a minority shareholder in V Sports, the entity that owns Aston Villa.
Premier League clubs agree new financial control model
April 12 – English Premier League clubs have agreed new financial fair play rules but they will not be introduced until the 2025-26 season.