Debt fears and cash crunch force FC Kaiserslautern to file for bankruptcy

June 16 – Fabled German club FC Kaiserslautern has filed for bankruptcy after a mounting debt and cash-flow crisis. The club have been crowned German champions four times.
June 16 – Fabled German club FC Kaiserslautern has filed for bankruptcy after a mounting debt and cash-flow crisis. The club have been crowned German champions four times.
June 15 – Serie A has a second offer of private equity investment as the Italian league battles to find cashflow solutions to alleviate the drying up of broadcast and sponsorship revenue die to the coronavirus pandemic.
June 12 – FIFA have given official permission for football leagues across the world to be allowed to open transfer windows before their current seasons are over.
By David Owen
June 11 – Covid-19-related disruption is expected to cut aggregate revenues of the 20 Premier League clubs by approximately £1 billion, or £50 million each on average, in 2019-20, according to analysis in the new Deloitte Annual Review of Football Finance.
June 10 – With FIFA set to extend the transfer window deadline to the end of October, new data ranks the top 100 Big-5 league players by value and startlingly still give France and PSG wunderkind Kylian Mbappé a €259.2 million valuation.
June 10 – Everton players, coach Carlo Ancelotti and a number of senior officials have accepted wage deferrals of up to 50% during the coronavirus shutdown to help the club navigate the financial fallout of the coronavirus pandemic.
March 9 – FIFA is reportedly poised to allow member nations to buy and sell players up until the start of October to account for the disruption caused by Covid-19.
June 8 – Predictions that the savage economic effect of Covid-19 on football will dramatically slow down the transfer market has seemingly had no effect on Chelsea who are reported to have pipped Liverpool to the signing of RB Leipzig sharpshooter Timo Werner.
June 5 – Basketball star Kevin Durant has become the latest celebrity to acquire a stake in an MLS franchise, having reportedly invested in the Philadelphia Union.
By David Owen
June 4 – Spurs have become the first football club to tap the UK Government coronavirus support measure known as the Covid Corporate Financing Facility (CCFF).
June 2 – The Dutch FA have asked FIFA for flexibility over their transfer window which won’t align with the majority of European player markets this summer.
By David Owen
May 30 – Newcastle United, the Tyneside club currently linked with a controversial proposed £300 million takeover by the Saudi Public Investment Fund, has finally brought down the curtain on the 2018-19 Premier League financial results season.
By David Owen
May 29 – Three words: Aaron Wan-Bissaka. The young defender’s big-money transfer to Manchester United on the penultimate day of Crystal Palace’s 2018-19 financial year was responsible almost entirely for carrying the Eagles back into the black after recording the biggest pre-tax loss of any of the 20 clubs comprising English football’s top tier in 2017-18.
By Paul Nicholson
May 28 – Real Madrid are still the most valuable club in the world, ahead of Manchester United, Barcelona and Bayern Munich, according to latest figures in the KPMG Football Benchmark 2020 club evaluation report that looks at the 50 elite clubs in European leagues.
By Andrew Warshaw
May 27 – The proposed £300 million takeover of Newcastle United by the Saudi Public Investment Fund (PIF) fronted by controversial Saudi Crown Prince Mohammed Bin Salman, has been thrown into doubt after reports that the World Trade Organisation (WTO) has found the Saudis breached international law by backing the pirating of Premier League matches.