Bournemouth post £44.5m profit after return to Premier League
March 28 – Premier League Bournemouth has reported pre-tax profits of £44.5 million for year ended 30 June 2023 almost £100 million up from 2022’s loss of £55.5m.
Finance
Nottingham Forest appeal 4-point deduction for breaking Premier League finance rules
March 26 – English Premier League club Nottingham Forest have lodged an appeal against the four-point penalty imposed by the English Premier League last week for breaching the competition’s financial rules.
Premier League and EFL probe into alleged Leicester breaches of financial rules
March 22 – Following in the footsteps of Premier League clubs Everton and Nottingham Forest, tier-2 frontrunners Leicester City could be the latest team to be sanctioned for overspending as part of the ongoing crackdown at the top of English football.
Looking to travel to the big money of the Big 5 leagues? Portugal offers best route in
March 22 – Portugal’s Primera Liga is the “stepping stone par excellence” for players being prepared for entry into Europe’s Big 5 leagues, according a CIES Football Observatory report into transfer values for players across 66 leagues worldwide.
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.
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.