Pep Guardiola has defended Manchester City in light of allegations the club breached financial fair play regulations and said they have to “accept it” if people claim they only win because of because of their spending power. German magazine Der Spiegel released a number of stories based on so-called Football Leaks data alleging City had […]
Finances
FC Barcelona have announced record revenues of €914m for the 2017-2018 season, a trend that could allow the team to achieve an annual revenue of €1 billion by 2021. “The board has valued the final balance of the year positively, and it’s in line with the strategic plan of the club to reach €1,000 million […]
The AC Milan ownership saga took another turn Tuesday, with Elliott Advisors Limited announcing Tuesday the company has taken control of the club after the previous owners defaulted on their debt. “Ownership and control of the holding company that owns AC Milan has today been transferred to funds advised by Elliott Advisors [UK] Limited [“Elliott”],” […]
Milan released a statement ahead of tomorrow’s expected FFP verdict outlining their work to balance the books and demanding “equal rules for all.” UEFA are expected to ban the seven time European Cup winners from European competition for at least one year, perhaps two, with a fine somewhere between €10-30m for violating their Financial Fair […]
According to reports in Italy, Italian prosecutors have opened an investigation into whether the deal to sell AC Milan to Chinese investors last year was inflated for money-laundering purposes. Milan prosecutors reportedly want to know if the €740 million paid to Silvio Berlusconi to buy out the seven-time European champions was overvalued in a deliberate […]
Arsenal manager Arsene Wenger has told Manchester United boss Jose Mourinho that he should stop complaining about being unable to match the spending power of Premier League leaders Manchester City. Wenger has insisted he has “learned to cope” with battling richer rivals during his 21 years in charge of the Gunners. A frustrated Mourinho reacted […]
The head of UEFA’s Financial Fair Play commission warns “Milan will not be an exception” to the rules. The Rossoneri will present their plans for a voluntary agreement with European football’s governing body this fall, and have spent big this summer in advance of that. “Milan will not be an exception to Financial Fair Play, […]
The highest-paid player in the Premier League is Manchester United’s Wayne Rooney – his £300,000-a-week wage being collected as he warms the Old Trafford bench. The club’s all-time top goalscorer is, of course, a loyal servant and the captain, but that has not stopped Jose Mourinho relegating Rooney to the bench this season. With Zlatan […]
Real Madrid might be European and World Champions but Manchester United have knocked them off their perch atop the Deloitte Money League for the first time in more than a decade. Jose Mourinho’s side, benefiting from a return to the Champions League, posted a world record revenue of £515.3 million over the course of the […]