Man City owners CFG record £122m loss across its 13-club network

April 8 – City Football Group (CFG) have revealed a £112 million loss for the year 2023, despite prize asset Manchester City raking in record-breaking in their treble winning season.
April 8 – City Football Group (CFG) have revealed a £112 million loss for the year 2023, despite prize asset Manchester City raking in record-breaking in their treble winning season.
April 5 – The English Premier League is reported to be discussing a new ‘luxury tax’ fine system instead of points deductions to punish clubs who breach financial rules.
April 3 – Premier League Brighton and Hove Albion have reported a record profit after tax for the 2022/23 season of £122.8 million, a jump of almost £100 million on the £24.1 million reported the previous year.
April 2 – More pressure has been heaped on English Premier League club Everton after they reported losses of £89.1 million for the 2022-23 season in their latest accounts report, almost double the previous figure of £44.7 million in the previous campaign.
April 2 – Championship leaders Ipswich Town Football Club have taken a £100 million+ investment from US-based private equity firm, Bright Path Sports Partners.
April 1 – Just under 40% of the 96 teams in Europe’s Big 5 leagues are controlled by a foreign owner. The English Premier League has 16 clubs under foreign ownership, ten of them owned by US investors.
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.
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.
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.
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.
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.
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.
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.
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.
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”.