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 [...]
Finances
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 [...]
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, [...]
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 [...]
More money does not mean more quality, at least as far as the Premier League is concerned. The Premier League might market itself as the most exciting league in the world, but is not the league where the best players in the world play, despite paying more money on wages than any other league in [...]
In his long interview that was published in Corriere dello Sport, Inter president Erick Thohir provided the most in-depth look at the Nerazzurri’s financial situation and how he is trying to build a Champions League squad without falling foul of FIFA’s rules on irresponsible debt. “There’s an economic difference between being in the Champions League [...]
Forbes has released its list of the most profitable football club in the world for last season and the list is dominated by Premier League clubs, who occupied 5 of the 10 places. Manchester United might be struggling on the field, but they dominate off it. During the 2014/2015 season, using June 2015 exchange rates, [...]
American sports executive Charlie Stillitano caused controversy last month we he spoke about the Champions League being a closed tournament, open only to the biggest clubs in Europe. Stillitano got hammered in the press, but this week Inter Milan CEO Michael Bolingbroke spoke about a similar process where the big names could still enjoy the [...]
It might have seemed like a quiet January transfer window compared to previous ones, but when all was said and done, it was a record breaking one as Premier League spending in a single season has gone over £1B for the first time this term. Fueled by a massive TV contract, Premier league clubs spent [...]
