March 24 – South American governing body Conmebol incurred a loss of $14.5 million in 2020 due the Covid-19 pandemic, the organisation announced on Tuesday at its annual congress.
By David Owen
March 22 – FIFA has secured insurance for the Qatar 2022 World Cup. The disclosure comes in the small print of the governing body’s newly-published 2020 financial statements. FIFA said the “maximum insurance volume” was $900 million.
By David Owen
March 21 – In these volatile and unnerving times for sport, it is good to know there are still some things one can depend on: for example, that the headcount at Gianni Infantino’s FIFA will continue to rise year after year.
By David Owen
March 20 – Chinese-owned Wolverhampton Wanderers have joined the general plunge into the red by Premier League clubs for the covid-impacted 2019-20 financial year.
By David Owen
March 20 – Leicester City, the Thai-controlled club riding high in the Premier League once again under Brendan Rodgers, incurred a hefty pre-tax loss of £67.3 million for the covid-impacted 2019-20 financial year.
March 19 – Manchester City have become the first of the Premier League’s big six clubs to embrace the blockchain-based Socios.com fan token platform.
By Samindra Kunti
March 18 – Belgian champions Club Brugge have launched an initial public offering (IPO) in a deal that could value the club at €229 million, with chairman and majority shareholder Bart Verhaeghe selling at least 30% of the Belgian Pro League outfit with shares priced between €17.5 and €22.5.
March 16 – Wigan’s administrators have announced a deal for the sale of the club that in 2013 was in the Premier League and winning the FA Cup, but is now battling for survival and to avoid the drop to England’s fourth professional tier.
March 15 – Manchester United co-chairman Avram Glazer (pictured) has put 5 million of his club shares up for sale in an offering that is expected to close tomorrow and gross him more than €100 million.
March 10 – Germany’s Bundesliga has released its financial report for the covid-impacted 2019/20 season showing a combined total revenue of €4.5 billion for its two leagues, a 5.7% drop on the previous season.
March 10 – Olympique Lyonnais players have agreed to be compensated in shares rather than cash as the club has moved to offset its Covid-19 lost income.
By David Owen
March 9 – Yet another Premier League club has revealed that it haemorrhaged red ink during the covid-battered 2019-20 financial year, with high-flying West Ham posting a pre-tax loss of £65.3 million for the twelve months to end-May.
March 8 – Saudi prince Abdullah bin Mosaad (pictured) is closing in on the acquisition of French Ligue 2 club Châteauroux, despite the club’s imminent relegation to the third division.
By David Owen
March 6 – Arsenal, still stuck in mid-table in spite of recent promising signs, have become the fifth Premier League club so far to report pre-tax losses of more than £50 million for the covid-disrupted 2019-20 season.
By David Owen
March 4 – This season’s Champions League may have ended in disappointment for Manchester United, but the broadcasting revenue earned for the team’s group stage participation was enough to push the Old Trafford outfit back into the black, despite the continued absence of matchday crowds.