Cardiff owner Tan sells LAFC stake valuing MLS club at $700m

March 3 – Malaysian Vincent Tan, owner of Cardiff, has reportedly sold half his stake in Major League Soccer’s (MLS) Los Angeles FC (LAFC), valuing the club at a league high $700 million.
March 3 – Malaysian Vincent Tan, owner of Cardiff, has reportedly sold half his stake in Major League Soccer’s (MLS) Los Angeles FC (LAFC), valuing the club at a league high $700 million.
March 2 – Dutch champions Ajax have reported a €110.4 million revenue figure for the six months to 31 December 2019, following on from 2018/19 revenues that had more than doubled to €199.5 million in 2018/19.
By David Owen
February 28 – Relegation-threatened Aston Villa have disclosed a swingeing £68.9 million loss for the year to end-May 2019, the season culminating with a play-off victory over Derby County that took them back into the Premier League.
By David Owen
February 27 – The profitability of Premier League clubs has shown a sharp deterioration in 2018-19, the period for which financial results are currently being published. But, while their performance is likewise down from the heady levels of last year when, as first predicted by Insideworldfootball, they became the first football club in history to report an annual pre-tax profit of over £100 million, Liverpool continue to purr along rather nicely off the field as well as on.
February 27 – Bundesliga club Borussia Dortmund’s relationship with sponsor and shareholder Evonik is being reduced further following the chemical giant’s sale of 4.95% of its shares for a reported €35 million, profit of about €15 million on their initial value in 2014.
February 26 – The headlines from the release of Manchester United’s second quarter financials are that the club’s net debt has increased by £73.6 million to £391.3 million, and that total revenues have dropped by 19.3% to £168.4 million.
By Samindra Kunti
February 25 – Billions, billions and more billions. That seems to be a core part of Gianni Infantino’s modus operandi as supremo at FIFA. His latest trawl for cash has seen the world federation acquire the services of American financial firm Raine Group to seek the $1 billion the organisation will need to kick-start a revamped 24-team Club World Cup in 2021.
February 19 – Germany’s Bundesliga has reported record 2018/19 combined revenue for the 18 clubs in its top tier, breaking the €4 billion barrier for the first time, a 5.4% increase on the previous season.
By David Owen
February 18 – Wolverhampton Wanderers, the famous old Midlands club currently engaged on their first European campaign in almost four decades, have reported a rebound to profitability for their first season back in the Premier League.
February 17 – American investment company Pacific Media Group (PMG) has acquired a majority stake in struggling Belgian top-flight club KV Oostende.
February 14 – French champions Paris Saint Germain have leapfrogged Manchester City as football’s most financially powerful club, according to Soccerex’s annual Football Finance report.
February 13 – FC Barcelona have become the latest club to embrace blockchain technology with an agreement with Chiliz to launch a ‘Barca Fan Token’.
February 11 – Chelsea were the big financial winners in the summer 2019 and winter 2020 transfer market ending up their dealings €205 million ahead. In contrast Aston Villa showed a loss of €169 million, the second highest in Europe behind Real Madrid’s €181 million. Barcelona showed a €166 million loss.
February 11 – Belgium’s professional clubs suffered a combined record loss of €87 million in the 2018-19 season, the Belgian FA (KBVB) has revealed. Anderlecht incurred the lion’s share with €25 million.
By David Owen
February 10 – Watford, the Premier League club based in London’s commuter-belt and controlled by Gino Pozzo, have bounced back into profit after a 2018-19 season that saw them finish safely in mid-table and reach the final of the FA Cup.