LaLiga’s Cadiz builds investor roster with MSA Capital’s Harburg joining board
November 1 – MSA Capital managing partner Ben Harburg has become a new investor at Spanish La Liga club Cadiz. Harburg is reportedly buying a 6% stake in the club.
Finance
West Ham owners poised to sell £150m stake to Czech mogul on route to £300m cash-out
October 29 – Czech businessman Daniel Kretinsky looks set to take a £150 million, 27%, stake in Premier League West Ham with the option to take full ownership of the in the future.
Inter lose €245m in Serie A winning season. Cost of Covid counted at €110m
October 28 – Inter Milan have formally reported losses of losses of €245.6 million for the covid-impacted 2020/21 season on revenues of €364.7 million.
Advent are early runner in bid for €1bn stake in LFP’s rights subsidiary
October 27 – Private Equity fund Advent International is considering buying a stake in the Ligue de Football Professionnel’s (LFP) new media company.
OL keeps pandemic losses to €34m, but pegs lost revenue at €150m
October 27 – OL Groupe, the holding company of Ligue1 club Olympique Lyonnias, has officially reported a loss of €33.9 million for the Covid-hit 2020/21 season, the first time the group has reported a loss since it moved to its Groupama Stadium nine years ago.
US investor declares interest in buying Derby County
October 26 – US businessman Chris Kirchner has thrown his hat into the ring as the search for a buyer of iconic English club Derby County, who have been in administration for five weeks, continues.
Covid-blighted PSV Eindhoven register €23m loss topped off by a 5-0 defeat at Ajax
October 25 – Blaming the coronavirus pandemic, PSV Eindhoven has registered a loss of €23.2 million for the 2020-21 season.
Anderlecht get €93m injection in bid to restore fortunes
By Samindra Kunti
October 25 – Can new winds, fresh capital and debt restructuring rejuvenate Anderlecht? Existing shareholders and new investors are set to inject the equivalent of €93 million into the club’s finances, while CEO Jos Donvil will be exiting the club.
Wolves bring in new US shareholder with PEAK6 acquiring minority stake
October 20 – US finance and technology firm PEAK6 has bought a minority stake in Premier League Wolverhampton Wanderers via Wolves holding company Fosun Sports.
Premier League hit Newcastle United in the wallet with block on Saudi sponsorships
October 18 – Premier League clubs have voted to block new Newcastle sponsorship deals with companies linked to the club’s new owners.
Haaland overtakes Mbappe as world’s most valuable player
October 15 – Borussia Dortmund striker Erling Haaland has overtaken PSG’s Kylian Mbappé as the most valuable player in the world with a market value of €144 million, according to new analysis by the KPMG Football Benchmark.
Financial mess(i). Qatar owners put €171m into PSG to cover pandemic losses
October 15 – The Qatari owners of Paris Saint-Germain have injected another €171 million into the club to help ease the financial burden created by the global health crisis.
Belgians close tax loophole and target €30m in player social security payments
October 14 – The Belgian government has revised the fiscal regime for domestic clubs, targeting capped social security contributions with the aim of bringing in €30 million.
Lazio join Italian crypto club revolution with €30m+ Binance deal
October 14 – Serie A’s Lazio has struck a €30 million deal with Binance that will see the cryptocurrency exchange giant become the club’s main shirt sponsor as well as launch the $LAZIO fan token.
LFP’s Labrune says sale of stake in commercial subsidiary could raise €1bn
October 12 – France’s Ligue de Football Professionnel (LFP) president Vincent Labrune has said the league’s new commercial subsidiary could raise €1 billion with an investment partner that will be key to the survival of French professional football.