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.
Finance
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.
Tebas says A22’s new Super League proposal is an unworkable deception
March 1 – Controversial La Liga boss Javier Tebas has reignited his attack on backers of the proposed revamped breakaway European Super League (ESL), claiming the A22 Management organisation is attempting to deceive fans by promising to show matches for free.
Saudis line up another summer of big spending
February 29 – Saudi clubs will return to the transfer market in the summer window to challenge Europe for more big signings, according to a leading Saudi Pro League executive.
German fans keep pressure on over 50+1 ownership rule
February 27 – Despite the German football league capitulating to fan power over third party investment, more protests occurred at the weekend, this time over Germany’s much coveted 50+1 rule.
CIES data charts England’s dominant fuelling of the global transfer market
February 26 – England is the dominant force in the world transfer market according to the latest report from the CIES Football Observatory which shows €75 billion was earned by clubs worldwide with about two-thirds from international transfers and the rest from domestic ones.
Player sales help Levski Sofia claw its way out of debt
February 26 – Bulgaria’s Levski Sofia has paid BGN1.15 million (€575,000) of its debts to the National Revenue Agency (NRA) . A few months ago, the club reached an agreement on rescheduling its tax obligations, which amount to nearly BGN 10 million.