Allams close in on new, new Chinese owners for Hull in deal worth £130m
![hull city](https://www.insideworldfootball.com/app/uploads/2013/02/hull_city.jpeg)
October 20 – The protracted sale of English Premier League club Hull City to a Chinese consortium looks to have moved closer to fruition in a potential deal worth £130 million.
October 20 – The protracted sale of English Premier League club Hull City to a Chinese consortium looks to have moved closer to fruition in a potential deal worth £130 million.
By David Owen
October 19 – A best-ever Champions League run has propelled Abu Dhabi-owned Manchester City to a near doubling of annual profits. The club, which plays Barcelona tonight, spiritual home of new manager Pep Guardiola, has reported pre-tax profits of £19.6 million for the year to May 31, up from £10.2 million in 2014-15.
By Samindra Kunti
October 19 – FC Barcelona and Brazil star Neymar will put pen to paper on the new five-year deal he agreed with his club in the summer this week. The deal will tie the Brazilian to Barcelona until 2021.
October 18 – American businessman Frank McCourt is the latest entrepreneur from across the pond to take over a big-name European club, completing his acquisition of France’s Olympique Marseilles.
October 17 – Birmingham City, one of the first clubs to be acquired by a Chinese investor before Chinese ownership became a fashion in Europe, has formally completed the transfer of shares to a new Chinese owner, Trillion Trophy Asia (TTA), controlled by Paul Suen.
By Paul Nicholson
October 12 – The number of players and football executives revealed as falling foul of UK revenue and customs authorities in the UK for investing in tax avoidance film funds is likely to be as high as several hundred, threatening bankruptcy for some and financial hardship for many others. It is a scandal made in the City of London but acted out in clubs across the country and not just in the Premier League.
October 13 – The allegations surrounding Helvetic Services Group and their links with Swiss football and player agents have been clarified in the case of FC Lugano.
By Paul Nicholson
October 6 – Social media is the fastest growing segment of most clubs’ activities but can the followers be monetised directly or are they part of the larger media/sponsor sale metrics? It is an issue that is increasingly flexing club thinking as they look to maximise and get a return on their investments in the social arena.
By Paul Nicholson
October 4 – A boardroom bust-up has taken place at Highlight Communications that could see the company’s sports media assets come under the control of Dieter Hahn, the former Kirch executive who is deeply implicated in the alleged German cash-for-votes scandal around the award of the 2006 World Cup to Germany, and the secret slush fund used to buy broadcast rights to Bayern matches.
October 4 – Manchester United have the most expensive squad on the planet, the most money ever spent putting a football team together. Local rivals Manchester City rank third in the big money team stakes – with Real Madrid and Barcelona either side of them.
By David Owen
October 3 – Arsenal, the north London club whose French manager Arsène Wenger has just completed an extraordinary 20 years in the hot seat, have reported a sharp downturn in annual profits. The Gunners posted a pre-tax profit of just £2.9 million for the year to 31 May 2016 – down from a restated £18.2 million. Group turnover in the same period rose from £347.3 million to £356.5 million.
By Paul Nicholson
September 29 – Big thinking Premier League club Liverpool may shelve the next phase of their stadium development, according to comments made by owner John Henry in the US.
September 22 – Italian champions Juventus have reported a second year of operating profits, and that doesn’t include the bumper bonus of the €120 million sale of Paul Pogba to Manchester United which will be included in next year’s figures.
By Paul Nicholson
September 21 – Scottish giants Celtic announced a £500,000 pre-tax profit for the year to end June, reversing a loss of almost £4 million for the previous 12 months and prompting one stockmarket analysis to predict the AIM-listed shares could rise by 400% over the next five years.
By Matt Scott
September 20 – West Ham are hunting for what they believe are missing millions in the £6.8 million (€8 million) transfer of Arthur Masuaku from Olympiacos.