Football Finance
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Also known as "the player was convinced about the project after speaking to Klopp"
Take a look at who sits on the UEFA Executive Committee as the European Club Association representative and the answer will start to reveal itself to you…
That shouldn't mean PSG should be immune. What's stopping other clubs pipping up? What's stopping the press asking hard questions like they did with Manchester City? Or is it the case PSG haven't breached any FFP rules and everyone knows it bar me
Take a look at who sits on the UEFA Executive Committee as the European Club Association representative and the answer will start to reveal itself to you…
So they have to sell and have been fined €65m for the breach.
[article]
How PSG will be affected by Financial Fair Play
Financial Fair Play, which comes into play in June, will force PSG to drastically reduce its wage bill.
Andrés Onrubia
París (Francia)Update: February 7th, 2023 10:04 EST
0
FRANCK FIFEDiarioAS
PSG’s losses have increased exponentially in recent years, to the point of having a wage bill this season amounting to €728m. The Ligue 1 club also lost €370m last season, being directly affected by the new Financial Fair Play, which comes into play in June. This will force the club to drastically reduce its wage bill.
In France, L’Équipe report that the club has seen a 45 per cent increase in wages over the last two financial years, triggered by the signing of Lionel Messi. With the Argentine, Neymar and Kylian Mbappé in the squad, the current Ligue 1 leaders have significant wage bill burdens that help to understand the deficit that has been accumulated.
UEFA sanctioned PSG in August with a €65m fine, of which €10m was paid up front and the other €55m is under suspension should PSG breach financial rules again. Both sporting advisor Luis Campos and club president Nasser Al Khelaïfi must now work meticulously in the summer to avoid spending 90 per cent of their income - which will be 70 per cent in two years - and to reduce the wage bill by selling members of the current squad.
PSG investigated
L’Équipe also report that the Paris prosecutor’s office opened a preliminary investigation in January, following a complaint filed by Hachim Bouajila, a Tunisian businessman who allegedly worked for PSG between 2015 and 2018. The 47-year-old allegedly helped Al Khelaïfi both at BeIN Sports, the channel owned by the French club’s president, and at PSG.
According to Bouajilla, the remuneration he received for his services was as a member of a tennis academy and not as a PSG employee, an offence under the French criminal code. His lawyer, Bertrand Repolt, admitted to L’Équipe that it was “a fraud” of an employment contract, as at no point in the contractual relationship was it stated that Bouajilla was working for PSG.
PSG said that Bouajilla “never worked for PSG or BeIN Sports”. The preliminary investigation opened by the Paris prosecutor’s office was referred to the central police station of the 16th arrondissement of Paris, where PSG’s headquarters are located and whose mayor is Francis Spizner, Nasser Al Khelaïfi’s lawyer.
[/article]
[article]
How PSG will be affected by Financial Fair Play
Financial Fair Play, which comes into play in June, will force PSG to drastically reduce its wage bill.
Andrés Onrubia
París (Francia)Update: February 7th, 2023 10:04 EST
0
FRANCK FIFEDiarioAS
PSG’s losses have increased exponentially in recent years, to the point of having a wage bill this season amounting to €728m. The Ligue 1 club also lost €370m last season, being directly affected by the new Financial Fair Play, which comes into play in June. This will force the club to drastically reduce its wage bill.
In France, L’Équipe report that the club has seen a 45 per cent increase in wages over the last two financial years, triggered by the signing of Lionel Messi. With the Argentine, Neymar and Kylian Mbappé in the squad, the current Ligue 1 leaders have significant wage bill burdens that help to understand the deficit that has been accumulated.
UEFA sanctioned PSG in August with a €65m fine, of which €10m was paid up front and the other €55m is under suspension should PSG breach financial rules again. Both sporting advisor Luis Campos and club president Nasser Al Khelaïfi must now work meticulously in the summer to avoid spending 90 per cent of their income - which will be 70 per cent in two years - and to reduce the wage bill by selling members of the current squad.
PSG investigated
L’Équipe also report that the Paris prosecutor’s office opened a preliminary investigation in January, following a complaint filed by Hachim Bouajila, a Tunisian businessman who allegedly worked for PSG between 2015 and 2018. The 47-year-old allegedly helped Al Khelaïfi both at BeIN Sports, the channel owned by the French club’s president, and at PSG.
According to Bouajilla, the remuneration he received for his services was as a member of a tennis academy and not as a PSG employee, an offence under the French criminal code. His lawyer, Bertrand Repolt, admitted to L’Équipe that it was “a fraud” of an employment contract, as at no point in the contractual relationship was it stated that Bouajilla was working for PSG.
PSG said that Bouajilla “never worked for PSG or BeIN Sports”. The preliminary investigation opened by the Paris prosecutor’s office was referred to the central police station of the 16th arrondissement of Paris, where PSG’s headquarters are located and whose mayor is Francis Spizner, Nasser Al Khelaïfi’s lawyer.
[/article]
Not sure how the Arse afford Rice unless they sell
[article]
Arsenal are placed on a UEFA watchlist with Barcelona and PSG for potentially breaching Financial Fair Play rules... after the Gunners reported staggering £213MILLION losses over the past three years
PUBLISHED: 08:54, 23 August 2022 | UPDATED: 13:20, 23 August 2022
Arsenal have been placed on a UEFA watchlist of clubs at risk of breaching Financial Fair Play (FFP) regulations.
It is understood that 20 clubs across Europe have been identified for the year 2021-22 by UEFA, one of which is the Gunners.
However, UEFA have not received the final accounts from these teams, meaning it is still not clear as to how much danger Arsenal could potentially be in of not abiding by the rules.
Arsenal have been placed on a UEFA watchlist for potentially breaching FFP regulations
Arsenal insist they run the club in compliance with Financial Fair Play rules and say there has been no contact from UEFA on the subject.
The club has reported losses of £213m over the last three years, while UEFA rules only allow €30m (£25m) over this period.
However, the governing body do allow covid-related losses, and 'healthy' spending on women's football and the academy to be written off.
Despite their significant losses, the north London club have still spent heavily in recent transfers windows.
They were the highest spenders in the top flight last summer, splashing out £150m on players including Ben White, Martin Odegaard and Aaron Ramsdale.
Mikel Arteta has also been backed by technical director Edu Gaspar in the current window, bringing in Gabriel Jesus and Oleksandr Zinchenko from Manchester City, plus Fabio Vieira from Porto.
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Arsenal have spent heavily recently, bringing in Ben White from Brighton for £50m last year
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View gallery
The club also signed Martin Odegaard permanently from Real Madrid last summer
The former duo have started well at the Emirates, helping Arteta's team to three straight wins at the start of the season to take Arsenal top of the table.
Meanwhile, sanctions are set to be handed down shortly to 10 European sides for breaching the rules up to 2020-21. These clubs include Barcelona, PSG and Italian trio Juventus, Inter Milan and Roma.
The current FFP regulations are due to be altered next year, with UEFA putting in place rules that will restrict clubs to spending a certain percentage of their revenue across 12 months on wages, transfers and agent fees.
This limit will stand at 90 per cent in 2023, will drop to 80 per cent the following year, before decreasing even further to 70 per cent from 2025.
[/article]
[article]
Arsenal are placed on a UEFA watchlist with Barcelona and PSG for potentially breaching Financial Fair Play rules... after the Gunners reported staggering £213MILLION losses over the past three years
- 20 European clubs have been placed on a UEFA watchlist for the year 2021-22
- The list consists of clubs in danger of breaching Financial Fair Play regulations
- Arsenal are one of the clubs at risk of breaching the rules put in place by UEFA
- The Gunners have reported losses of £213million over the past three years
PUBLISHED: 08:54, 23 August 2022 | UPDATED: 13:20, 23 August 2022
Arsenal have been placed on a UEFA watchlist of clubs at risk of breaching Financial Fair Play (FFP) regulations.
It is understood that 20 clubs across Europe have been identified for the year 2021-22 by UEFA, one of which is the Gunners.
However, UEFA have not received the final accounts from these teams, meaning it is still not clear as to how much danger Arsenal could potentially be in of not abiding by the rules.
Arsenal have been placed on a UEFA watchlist for potentially breaching FFP regulations
Arsenal insist they run the club in compliance with Financial Fair Play rules and say there has been no contact from UEFA on the subject.
The club has reported losses of £213m over the last three years, while UEFA rules only allow €30m (£25m) over this period.
However, the governing body do allow covid-related losses, and 'healthy' spending on women's football and the academy to be written off.
Despite their significant losses, the north London club have still spent heavily in recent transfers windows.
They were the highest spenders in the top flight last summer, splashing out £150m on players including Ben White, Martin Odegaard and Aaron Ramsdale.
Mikel Arteta has also been backed by technical director Edu Gaspar in the current window, bringing in Gabriel Jesus and Oleksandr Zinchenko from Manchester City, plus Fabio Vieira from Porto.
+4
View gallery
Arsenal have spent heavily recently, bringing in Ben White from Brighton for £50m last year
+4
View gallery
The club also signed Martin Odegaard permanently from Real Madrid last summer
The former duo have started well at the Emirates, helping Arteta's team to three straight wins at the start of the season to take Arsenal top of the table.
Meanwhile, sanctions are set to be handed down shortly to 10 European sides for breaching the rules up to 2020-21. These clubs include Barcelona, PSG and Italian trio Juventus, Inter Milan and Roma.
The current FFP regulations are due to be altered next year, with UEFA putting in place rules that will restrict clubs to spending a certain percentage of their revenue across 12 months on wages, transfers and agent fees.
This limit will stand at 90 per cent in 2023, will drop to 80 per cent the following year, before decreasing even further to 70 per cent from 2025.
[/article]
US oh fuck off
I know this, preseason tours in US and Asia are often viewed negatively because they are a commercial stunt. Yes, they are a blatant money grabbing exercise. But for folks like me and @King Binny, it is once in a decade opportunity to watch us live.
I've no doubt it's fucking wonderful for the fans around the world; my only issue is an 8 hour flight and jet lag in midweek.
UEFA haven't stopped (and won't stop) when players have died on the pitch. They treat them like cattle. Well paid, sure, but still horribly
Most likely this will be implemented post Klopp. We wont need to worry about traveling anywhere for CL games after that.
Pre season is one thing, but this is like getting to fuck your celebrity crush but then the evil genie says that the fine print is that she's a corpse.
The only thing that European football has going for it that is unique is the culture around the fans. That's the unique product as far as the US is concerned. It's definitely not the game.
You can see this with how the league is packaged, how the fans are a character, how everyone who offers nothing to the atmosphere in anfield goes and takes pictures of the Kop.
They're killing the goose that lays a golden egg.
It's all about money, exposure and growing the game. The US tv broadcasters have shelled out $32bn for the NFL were each team receives $320m/years. The NBA are looking at a $75bn deal. The prem just signed a £2.5bn deal for US rights . You can't blame UEFA for thinking we'll have some of that
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[article]City Football Group (CFG) have bought Brazilian club Bahia.
CFG have taken a 90 per cent stake in Bahia.
They have committed €200m to Bahia, €60m to clear debts, €40m to improve facilities and another €100m to improving the squad.
Manchester City chief Ferran Soriano said: "Bahia is an exceptional club due to its size, due to its fans, which is why it will be the second largest club in the group (CFG). Its social significance is enormous because Bahia is part of the social fabric of the city of Salvador and its state.
"This is a very important moment for Bahia, but also for all of us. Today we celebrate the first day of a relationship, of a journey that aims to take this club to its full potential. We have a lot of responsibility."[/article]
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I think that’s the point that gets lost with City’s apparently self sustaining transfer spending now.
Yes, they spend less than the 1b they spent over last 7 yrs or whatever and have Pep as manager but they also:
- buy clubs around the world under City umbrella
- pay wages better than anyone else that aren’t on the books through various other channels apparently
- able to higher the best lawyers to escape on technicalities when exposed
- offset the spending when required for uefa fair play with inflated sponsership deals
So they don’t no longer to spend so much if they can work around the model by other means.
Yes, they spend less than the 1b they spent over last 7 yrs or whatever and have Pep as manager but they also:
- buy clubs around the world under City umbrella
- pay wages better than anyone else that aren’t on the books through various other channels apparently
- able to higher the best lawyers to escape on technicalities when exposed
- offset the spending when required for uefa fair play with inflated sponsership deals
So they don’t no longer to spend so much if they can work around the model by other means.
I don't understand why we haven't done it. All these clubs are appreciating in value and support the value of the primary asset.
Did FSG really need to buy a hockey team ?
Explained: Multi-club models in the Premier League, Europe and beyond
Yeah, I can only see benefits of a multi-club network.
[article]If Chelsea’s new owners were to expand their portfolio, the west London side would become the 10th of the Premier League’s current 20 teams to be part of a multi-club model.
Arsenal, Brentford, Brighton, Crystal Palace, Leicester, Manchester City, Nottingham Forest, Southampton and West Ham already have, between them, ties to 25 clubs throughout wider Europe and further afield.
One division down in the Championship, Cardiff, Queens Park Rangers, Sheffield United, Sunderland, Swansea and Watford are linked to other clubs too, while League One’s Barnsley are part of NewCity Capital group’s stable of seven teams.
Also in the third tier, Ipswich’s ownership also operates Phoenix Rising in the United States’ second division, while Salford, playing in League Two, are co-owned by Peter Lim, the majority shareholder of Valencia in Spain’s La Liga.
Across Europe, other leagues are already wise to the trick.
A combined 20 clubs from Italy’s Serie A, Ligue 1 in France and La Liga are part of multi-club models, with the former, replete with its own American investment, leading the way. The US owners of AC Milan, Bologna, Genoa and Fiorentina all own stakes in other clubs, too.
In Italy, the ability of owners to operate multiple clubs across divisions, outlawed in other nations, can still provide hurdles.
Lazio owner Claudio Lotito was forced to sell Salernitana in January after the latter club reached Serie A, with the newly-promoted side risking expulsion from the top flight otherwise. A similar prospect would face his Napoli counterpart Aurelio De Laurentiis should Bari, playing in Serie B for 2022-23, repeat last season’s success in the third tier.
Even the German Bundesliga, famously resistant to outside investment and home of the 50+1 ownership model, has three clubs with links to others — Augsburg, Kaiserslautern and RB Leipzig.
Across Europe’s ‘big five’ leagues, 32.7 per cent of sides are part of multi-club models, linked to a total network of 91 other teams.
In the UK, the spark which ignited this business model was the 2016 vote to leave the European Union. And multi-club ownership is set to grow, rather than retract.
Clubs view the strategy as a tool that can help to circumvent post-Brexit Governing Body Endorsement (GBE) rules, while also being a useful way to develop academy players who would otherwise not be able to play first-team football.
Brexit has made it harder for players to obtain a work permit, and in the GBE system leagues throughout Europe are graded dependent on quality and status. La Liga, for example, is in Band One and worth more GBE qualification points as a result, whereas the Danish Superliga is in Band Five and worth fewer points.
There is a reason why UK-based clubs are looking for teams in Belgium, Portugal, Turkey and the Netherlands — and it is to do with their position in the GBE system.
City Football Group (CFG), the umbrella organisation owned by the Abu Dhabi United Group of which Manchester City are the figurehead, has a stable of 11 clubs in countries including India, Australia, the United States and Japan.
After purchasing Manchester City in 2008, New York City FC of Major League Soccer became its second acquisition in 2013 when CFG bought an 80 per cent stake. Melbourne City (100 per cent stake) and Yokohama F Marinos (20 per cent stake) followed the following year.
Since 2019, CFG has bought shares in Mumbai City (65%), Sichuan Jiuniu (29.7%), Lommel (99%), Troyes (100%) and, most recently, Palermo (80%).
CFG is by far the biggest — and most successful in terms of silverware if not necessarily revenue — when it comes to multi-club ownership and the model is paying dividends closer to home, too.
In the summer transfer window just ended, CFG waited until Southampton had sanctioned Oriol Romeu’s departure to Girona, a club in which it has a 47 per cent stake, before Manchester City sent Samuel Edozie and Juan Larios to St Mary’s. Southampton also loaned goalkeeper Mateusz Lis to CFG club Troyes.
Brentford’s owner Matthew Benham cottoned on to the benefits of having more than one club in your portfolio and obtained a 75 per cent majority shareholding in Danish side Midtjylland in 2014; but perhaps Tony Fernandes, co-owner at west London neighbours Queens Park Rangers, was ahead of the curve.
Fernandes founded Petaling Jaya Rangers in Selangor, Malaysia in 2011, the same year he purchased QPR. The two clubs announced a partnership in 2016, which saw QPR create an academy in Malaysia and lend their advice in training the players and coaches.
Fleetwood Town, of League One, did something similar last year. Their owner, Andy Pilley, created new clubs in the United Arab Emirates and South Africa in the hope of developing footballers there. The team based in the UAE are called Fleetwood United Football Club, the one in South Africa gos by Western Cape Fleetwood Football Club.
“We are experts at building football clubs and developing players and that’s something we are really excited to do in UAE and South Africa,” Pilley said. “We’re a forward-thinking club. It’s one thing Manchester City having a network of clubs, but who would have thought little old Fleetwood would go down the same route?”
Southampton are the most recent English team to enter the multi-club world, with new owners Sport Republic — their majority shareholders after a takeover last January — buying a 70 per cent stake in Turkish side Goztepe in August. Sport Republic, a group co-owned by Rasmus Ankersen, the former Brentford director of football operations and Benham employee, hope several more acquisitions will follow.
Several of the Premier League’s American investors already had stakes in sports franchises back home before trying their hand at English football.
Stan Kroenke, Arsenal’s owner, has a portfolio that includes MLS team Colorado Rapids, NFL champions the Los Angeles Rams, the Denver Nuggets in the NBA and reigning NHL ice-hockey champs the Colorado Avalanche.
Los Angeles Rams’ Andrew Whitworth and Von Miller with the Super Bowl trophy in February (Photo: Frederic J Brown/AFP via Getty Images)
Kroenke’s impressive stable is closely followed by that of Dave Blitzer, an American with an 18 per cent stake in Palace. Blitzer can count the Philadelphia 76ers (NBA), New Jersey Devils (NHL) and Cleveland Guardians (MLB) as teams included in his portfolio.
As well as owning Manchester United, completing a controversial leveraged takeover in 2005, the Glazer family are in charge of the NFL’s Tampa Bay Buccaneers. Liverpool’s Fenway Sports Group, headed by John W Henry, also have the Boston Red Sox (MLB) and Pittsburgh Penguins (NHL) under their umbrella of clubs.
Bournemouth, who won promotion back to the Premier League last season, are the latest club to be sought after by an American businessman. Bill Foley is in exclusive talks with Maxim Demin, the club’s Russian owner, over a proposed takeover. Foley already has experience in sport as owner of the NHL’s Vegas Golden Knights.
As the multi-club model continues to be replicated throughout football, it will become more difficult because there will be fewer teams left on the market.
But despite this rapid growth, the strategy shows no signs of slowing down.
Whether it is minority or majority shareholding is almost irrelevant.
Having a stake in another team opens up avenues that are not available to single-club owners.[/article]
Yeah, I can only see benefits of a multi-club network.
[article]If Chelsea’s new owners were to expand their portfolio, the west London side would become the 10th of the Premier League’s current 20 teams to be part of a multi-club model.
Arsenal, Brentford, Brighton, Crystal Palace, Leicester, Manchester City, Nottingham Forest, Southampton and West Ham already have, between them, ties to 25 clubs throughout wider Europe and further afield.
One division down in the Championship, Cardiff, Queens Park Rangers, Sheffield United, Sunderland, Swansea and Watford are linked to other clubs too, while League One’s Barnsley are part of NewCity Capital group’s stable of seven teams.
Also in the third tier, Ipswich’s ownership also operates Phoenix Rising in the United States’ second division, while Salford, playing in League Two, are co-owned by Peter Lim, the majority shareholder of Valencia in Spain’s La Liga.
Across Europe, other leagues are already wise to the trick.
A combined 20 clubs from Italy’s Serie A, Ligue 1 in France and La Liga are part of multi-club models, with the former, replete with its own American investment, leading the way. The US owners of AC Milan, Bologna, Genoa and Fiorentina all own stakes in other clubs, too.
In Italy, the ability of owners to operate multiple clubs across divisions, outlawed in other nations, can still provide hurdles.
Lazio owner Claudio Lotito was forced to sell Salernitana in January after the latter club reached Serie A, with the newly-promoted side risking expulsion from the top flight otherwise. A similar prospect would face his Napoli counterpart Aurelio De Laurentiis should Bari, playing in Serie B for 2022-23, repeat last season’s success in the third tier.
Even the German Bundesliga, famously resistant to outside investment and home of the 50+1 ownership model, has three clubs with links to others — Augsburg, Kaiserslautern and RB Leipzig.
Across Europe’s ‘big five’ leagues, 32.7 per cent of sides are part of multi-club models, linked to a total network of 91 other teams.
In the UK, the spark which ignited this business model was the 2016 vote to leave the European Union. And multi-club ownership is set to grow, rather than retract.
Clubs view the strategy as a tool that can help to circumvent post-Brexit Governing Body Endorsement (GBE) rules, while also being a useful way to develop academy players who would otherwise not be able to play first-team football.
Brexit has made it harder for players to obtain a work permit, and in the GBE system leagues throughout Europe are graded dependent on quality and status. La Liga, for example, is in Band One and worth more GBE qualification points as a result, whereas the Danish Superliga is in Band Five and worth fewer points.
There is a reason why UK-based clubs are looking for teams in Belgium, Portugal, Turkey and the Netherlands — and it is to do with their position in the GBE system.
City Football Group (CFG), the umbrella organisation owned by the Abu Dhabi United Group of which Manchester City are the figurehead, has a stable of 11 clubs in countries including India, Australia, the United States and Japan.
After purchasing Manchester City in 2008, New York City FC of Major League Soccer became its second acquisition in 2013 when CFG bought an 80 per cent stake. Melbourne City (100 per cent stake) and Yokohama F Marinos (20 per cent stake) followed the following year.
Since 2019, CFG has bought shares in Mumbai City (65%), Sichuan Jiuniu (29.7%), Lommel (99%), Troyes (100%) and, most recently, Palermo (80%).
CFG is by far the biggest — and most successful in terms of silverware if not necessarily revenue — when it comes to multi-club ownership and the model is paying dividends closer to home, too.
In the summer transfer window just ended, CFG waited until Southampton had sanctioned Oriol Romeu’s departure to Girona, a club in which it has a 47 per cent stake, before Manchester City sent Samuel Edozie and Juan Larios to St Mary’s. Southampton also loaned goalkeeper Mateusz Lis to CFG club Troyes.
Brentford’s owner Matthew Benham cottoned on to the benefits of having more than one club in your portfolio and obtained a 75 per cent majority shareholding in Danish side Midtjylland in 2014; but perhaps Tony Fernandes, co-owner at west London neighbours Queens Park Rangers, was ahead of the curve.
Fernandes founded Petaling Jaya Rangers in Selangor, Malaysia in 2011, the same year he purchased QPR. The two clubs announced a partnership in 2016, which saw QPR create an academy in Malaysia and lend their advice in training the players and coaches.
Fleetwood Town, of League One, did something similar last year. Their owner, Andy Pilley, created new clubs in the United Arab Emirates and South Africa in the hope of developing footballers there. The team based in the UAE are called Fleetwood United Football Club, the one in South Africa gos by Western Cape Fleetwood Football Club.
“We are experts at building football clubs and developing players and that’s something we are really excited to do in UAE and South Africa,” Pilley said. “We’re a forward-thinking club. It’s one thing Manchester City having a network of clubs, but who would have thought little old Fleetwood would go down the same route?”
Southampton are the most recent English team to enter the multi-club world, with new owners Sport Republic — their majority shareholders after a takeover last January — buying a 70 per cent stake in Turkish side Goztepe in August. Sport Republic, a group co-owned by Rasmus Ankersen, the former Brentford director of football operations and Benham employee, hope several more acquisitions will follow.
Several of the Premier League’s American investors already had stakes in sports franchises back home before trying their hand at English football.
Stan Kroenke, Arsenal’s owner, has a portfolio that includes MLS team Colorado Rapids, NFL champions the Los Angeles Rams, the Denver Nuggets in the NBA and reigning NHL ice-hockey champs the Colorado Avalanche.
Los Angeles Rams’ Andrew Whitworth and Von Miller with the Super Bowl trophy in February (Photo: Frederic J Brown/AFP via Getty Images)
Kroenke’s impressive stable is closely followed by that of Dave Blitzer, an American with an 18 per cent stake in Palace. Blitzer can count the Philadelphia 76ers (NBA), New Jersey Devils (NHL) and Cleveland Guardians (MLB) as teams included in his portfolio.
As well as owning Manchester United, completing a controversial leveraged takeover in 2005, the Glazer family are in charge of the NFL’s Tampa Bay Buccaneers. Liverpool’s Fenway Sports Group, headed by John W Henry, also have the Boston Red Sox (MLB) and Pittsburgh Penguins (NHL) under their umbrella of clubs.
Bournemouth, who won promotion back to the Premier League last season, are the latest club to be sought after by an American businessman. Bill Foley is in exclusive talks with Maxim Demin, the club’s Russian owner, over a proposed takeover. Foley already has experience in sport as owner of the NHL’s Vegas Golden Knights.
As the multi-club model continues to be replicated throughout football, it will become more difficult because there will be fewer teams left on the market.
But despite this rapid growth, the strategy shows no signs of slowing down.
Whether it is minority or majority shareholding is almost irrelevant.
Having a stake in another team opens up avenues that are not available to single-club owners.[/article]
City bought Melbourne City for something like AU$12m which is about what we paid in loan fees and salary for Arthur Melo.
That saying - any increase in valuation would be on training infrastructure upgrade (which cost more than the club) - there’s little transfer revenue (record paid to an Australian club is about to be broken by Belgian team Westerlo paying AU$1.6m), revenue from TV & prize money will be tiny and attendance are small (City’s av attendance is 6.4K and that’s only just under the league average. They also don’t own the stadium and it’s shared with other teams and sports - rugby union & league teams play there too.
There’s salary caps, etc as well.
I’d imagine lots of the other teams are similar - so other than global brand awareness and sponsorship opportunities to stick Ethiad on a shirt, I don’t really know what City are actually getting out of it.
The league isn’t a high enough standard to warrant parking players there or developing kids.
It all feels like some sort of global money laundering scheme or places they can hide losses where it doesn’t matter.
My City fan mate is always banging on about how great CFG are and how amazing it is they own all these clubs… but really… who cares if Mumbai City are winning or not.
Which is basically why we are not getting Romeo Lavia ever. Southampton are beholden to CFG
I didn't go for the Liverpool vs Crystal Palace match last year but might go to the one vs. Bayern this time round. Ticket price will be pretty ex. tough. (Roma, Tottenham are other teams coming to Singapore for pre-season matches.)
Based on my experience in the US, if it is close to the last pre season games, a lot of the first teamers will play. If it is among the first few pre season games, then it will primarily be the youngsters.
It's about SGD 99 (£59) a pop for the basic back-of-the-stand tier, up to 249 (£148) for the best view, and 899 for hospitality
Most of my Liverpool supporting friends are saying it's way too much especially if you have to bring the kids. But somehow it seems more affordable than the last round.
Though, it isn't often we get teams from the Championship touring Asia, so that's something.
Cheers. My preference if I were to attend, will be to get a decent view of the match but it's gonna cost SGD 199-299 (£118-178). Leaning towards going for the match against Bayern (wonder if Mane will still be with them 😛). 23/24 EPL season begins on 12 Aug (10 days later) so the line up should be fairly strong at least from our side (Bundesliga season kicks off a week later).
I wonder how many Malays/Indonesians and Thai's will make an attempt to buy tickets?
I don't think there will be that many of them, esp. as the match against Bayern is on Wed night.
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