CFG bid €180m for control of Brazilian champions Atletico Mineiro

By Samindra Kunti
March 8 – City Football Group (CFG), owners of Manchester City and a slate of clubs around the world, is bidding to take over Brazilian champions Atletico Mineiro.
By Samindra Kunti
March 8 – City Football Group (CFG), owners of Manchester City and a slate of clubs around the world, is bidding to take over Brazilian champions Atletico Mineiro.
March 8 – The challenge by Real Madrid, FC Barcelona and Athletic Club to LaLiga Impulso, the joint venture that will see CVC Capital Partners inject about €1 billion into the league, has suffered a new blow in court.
March 7 – Portugal’s Benfica have the most profitable academy in the world having generated €379 million from the sale of players since July 2015. Real Madrid have the second most profitable youth training system. Chelsea are ranked 8th.
By David Owen
March 4 – Aston Villa, the West Midlands side that recently brought Philippe Coutinho back to the Premier League, has unveiled a sharply-reduced loss for the 2020-21 season when it consolidated its status as a top-tier club.
By Andrew Warshaw
March 3 – Roman Abramovich, the Russian oligarch whose fortune transformed Chelsea from perennial also-rans into one of the most successful clubs in Europe, has decided to pull the plug and sell up.
By David Owen
March 2 – Arsenal, the North London club striving for a return to the Champions League next season, have posted a swingeing loss for the covid-impacted 2020-21 period.
March 2 – Speculation is mounting than Chelsea’s billionaire oligarch owner Roman Abramovich may be about to sell the club in the wake of his country’s invasion of Ukraine.
March 1 – The European Union (EU) has sanctioned Everton-linked and Fencing Federation (FIE) President Alisher Usmanov. He was on a list of Russian oligarchs that the block targeted as it imposed further sanctions in response to Russia’s invasion of Ukraine.
February 24 – Player values have remained stagnant since the 19.6% drop in values triggered by the covid pandemic, according to updated data from the KPMG Football Benchmark team.
February 22 – Miami-based investment firm 777 Partners have reached a deal to acquire a majority stake in Vasco da Gama, the Rio club have announced.
February 21 – After initially denying reports they were selling, Atalanta have become the latest Italian top-flight club to do a deal with American investors – this time led by Boston Celtics co-owner Stephen Pagliuca.
By David Owen
February 18 – Leicester City, the Thai-controlled English FA Cup holders, have posted a pre-tax loss of £33.1 million for the year to end-May 2021 – about half the prior year’s level.
February 17 – France’s OL Groupe, owners of Ligue 1 Olympique Lyon, is reporting a first half return to profitability for the 2021-22 season with revenues up 7% from the same period in 2020-21 to €75 million.
February 10 – Belgium’s 26 professional clubs registered total record losses of €139 million last year (2020-21 season), the bulk of it a result of the coronavirus crisis.
February 10 – Manchester United have a negative balance of more than €1 billion on player transfer trading over the past decade. Add in Man City’s €984 million deficit and the 10-year account for Manchester shows a whopping €2 billion deficit.