Manchester United’s executive vice-chairman, Ed Woodward, addressed the club’s investors on Thursday to discuss the club’s latest set of financial results, the numbers sounded bleak. Over a 40 per cent increase in net debt, revenues down and an estimated £23 million ($28m) already lost due to Covid-19 made up the headlines, and the worst is […]
Finances
Juventus were the first big club to demand wage concessions from their players when Serie A stopped playing, a move that others across Europe quickly followed. Are Juve trendsetters again as they have become the first Italian club to launch their own salary cap? Will other clubs follow this lead, leading to a reduction in […]
With money tight everywhere we get a glimpse into who the best run football clubs. And who are not. One of the leaders in the worst-run category is Barcelona, who are going back to their players and asking them to take further wage cuts as Barca’s 2021-22 budget will be €200 million less than what […]
The richest football club in the world, Paris Saint-Germain, are expecting to to suffer massive financial losses because of the coronavirus crisis according to their chairman Nasser Al-Khelaifi. Al-Khelaifi is involved in negotiations to break the stalemate between France’s professional clubs and TV rights holders Canal+ and beIN Sports after the pair refused to pay […]
Interesting news from FCInter1908.it that Suning Real Estate have become an official partner of Inter. “Suning Real Estate has officially become an authorised partner of Inter Football Club,” the statement said. “The two companies will work together to create a beautiful community that integrates the experience of Italian style and sports culture. “Adhering to the […]
Barcelona have come under an astonishing attack from a presidential candidate looking to take over the club after he claimed the LaLiga giants are heading towards ‘economic bankruptcy and moral decay’. Victor Font is the leader of the Si al futur group seeking to take control of the Nou Camp boardroom. Barca have gone from […]
Barcelona and Lionel Messi have confirmed their first-team squad have accepted a wage cut of over 70% due to the coronavirus outbreak. The statements confirm that the players accepting the cut will allow the club’s non-sporting staff – on significantly lower salaries – not to have any salary reduction enforced upon them. The first statement […]
Liverpool made a pre-tax profit of £42million last year despite a record £223m investment on players. While that top line is well below the record £125m profit for the year ending May 2018, the rewards are being felt on the pitch with the club four victories away from winning their first league title in 30 […]
Manchester City’s “serious breaches” of Uefa’s club licensing and financial fair play regulations are “simply not true”, says chief executive Ferran Soriano. On Friday, Premier League champions City were handed a two-year Champions League ban and fined 30m euros (£25m). The decision is subject to appeal to the Court of Arbitration for Sport. “The fans […]