German clubs generate record €5.24bn in revenue
March 20 – German professional football has hit record revenues, breaking the €5 billion barrier for the first time, according to the 2024 DFL Economic Report.
Finance
Nottingham Forest drop into relegation zone after Premier League docks 4pts for overspending
March 19 – Nottingham Forest have become the latest Premier League club to be savagely punished for overspending, dropping into the relegation zone as a result with nine games remaining.
Las Palmas focussed on being a ‘selling’ club with Moleiro set to follow in Pedri’s footsteps
March 18 – UD Las Palmas Sporting Director Luis Helguera has backed young star Alberto Moleiro to become the next Pedri, explaining his club’s business model as an ‘academy’ club whose revenue model is based on developing and selling players.
Just three years in, NWSL’s San Diego Wave sells for women’s club record $113m
March 15 – The San Diego Wave, who this weekend will start just their third season in the NWSL, will set a new record for the most expensive sale of a women’s club franchise following a staged $113 million deal agreed with Los Angeles-based couple Arthur Levine and Lauren Leichtman.
Sevilla raise €108m as it puts covid losses in rear view and looks to keep up with Europe’s elite
March 13 – LaLiga’s Sevilla have agreed a 10-year refinancing valued at €108 million. This club said the new money will provide long-term stability following a period of post-COVID losses, and empower the execution its strategic plan with “full effectiveness”.
RedBird says Italian probe into who owns AC Milan ‘contradicts the evidence’
March 14 – AC Milan’s current and former American owners have both refuted allegations from Italian prosecutors over who runs the seven-time European champion.
Italian police raid AC Milan offices in probe into 2022 sale of club to RedBird Capital
March 13 – AC Milan’s offices were raided by police on Tuesday as part of an investigation by Italian prosecutors into the sale of the Serie A giants.
Everton sale in doubt after 777 pursued for outstanding debt and new questions raised over funds
March 13 – Everton’s sale to 777 Partners looks to be in the balance after the Premier League called in the prospective buyers for an in-person meeting with the Premier League which is looking for answers around questions related to the source of funding from 777.
Chelsea owners BlueCo under fire from fans of under performing RC Strasbourg
March 11 – The American owners of Chelsea are under increasing pressure from fans of another club they own, RC Strasbourg in France, who have written a strongly worded letter demanding an urgent meeting.
Infantino says it is time to look at rate-card system for player transfer fees
March 11 – FIFA president Gianni Infantino has again raised the idea of setting football transfer fees by algorithm instead of clubs negotiating a market value price for contracted players.
Chelsea report losses of £90.1m as club skirts edge of Premier League sustainability rules
March 8 – With their manager under pressure to do better given the club’s staggering £1 billion spend, mid-table Chelsea have now announced pre-tax losses of £90.1 million in the first year under the US ownership of Todd Boehly and Clearlake Capital.
Premier League chasers Leicester City face points sanctions as they negotiate finance rules
March 8 – English Championship leaders Leicester City could become the next club to suffer a points deduction if they are promoted back to the Premier League.
Liverpool revenue static at £594m as club reports £9m loss
March 5 – Premier League Liverpool has reported a £9 million loss for the financial year ending May 31, 2023, compared to a profit of $7.5 million the previous year.
Fledgling women’s multi-club ownership group Mercury 13 takes control of Como
March 5 – Mercury 13, a women’s football multi-club ownership group, has acquired its first club with a controlling stake in Como, who play in Italy’s Serie A.
Textor calls for World Super League and says financial sustainability is a ‘fraud term’
February 1 – The American owner of English Premier League club Crystal Palace, who owns a string of other clubs across the globe, says he’d be in favour of a World Super League rather than an exclusively European one were it ever to get off the ground.