Finances

Liverpool

Liverpool ‘Set To Sign Most Lucrative Premier League Kit Deal In History

Liverpool are close to signing a new Premier League record kit deal, according to Forbes.

Spanish giants Barcelona earn the most from kit deals in world football raking in a whopping £100million a year.

Manchester United lead the way in the Premier League though as they currently earn £75m a year with adidas but the Reds are believed to be about to top that.

Jurgen Klopp’s side are into the fifth and final season of their current contract with New Balance that is worth £45m per year.

Man City

FIFA Bottles It Over Man City Transfer Ban

Manchester City Ethiad Stadium

Most neutral observers expected FIFA to hand Manchester City a two window transfer ban for breaches relating to the international transfer and registration of players under the age of 18. That is what Barcelona, Atletico Madrid and Chelsea all received.

But when you are dealing with state run teams the rules are different and Manchester City have instead been hit with a £315,000 fine and no transfer ban.

City was found to have breached, amongst others, article 19 of the FIFA Regulations on the Status and Transfer of Players.

A Fifa statement read:

Chelsea

Chelsea Appeal Transfer Ban To CAS

Stamford Bridge Chelsea

Chelsea’s formal appeal against FIFA’s transfer ban has been received and acknowledged by the Court of Arbitration for Sport (CAS) but there has been no bid yet to have the punishment suspended until the legal process is complete.

The London club is fighting a punishment imposed by world football’s governing body after being found guilty of offences in signing overseas players under the age of 16.

FIFA fined Chelsea £475,000 in February and issued a ban on registering any new players for the next two transfer windows.

Champions League, Man City

Would UEFA Give Manchester City A Champions League Ban?

UEFA’S chief financial investigator has confirmed that Manchester City could indeed be banned from the Champions League if they are found guilty of a further breach of Financial Fair Play regulations.

I wrote last month, the view being held by senior figures at European football’s governing body is that a heavier punishment would be appropriate if a club fined previously for breaking FFP rules are in breach again.

And now Yves Leterme, the head of Uefa’s independent Club Financial Control Body (CFCB), has told a Belgian publication that City may now face ‘the heaviest punishment’

Chelsea

Chelsea Reveal Record-High Profit Of £62m

Chelsea have revealed a record profit and turnover in the club’s latest published accounts.

The Blues’ return to the Champions League in 2017-18 contributed to the turnover growing by 22.7 per cent to £443.4million in the financial results for the year ending June 30, 2018.

And a record-high profit of £62m was achieved, after a profit on player sales of £113m and an increase in broadcast revenues of £162.4m as a result of Chelsea’s return to Europe’s elite club competition.

The accounts do not include the severance pay for Antonio Conte or his coaching staff.

Liverpool

Liverpool Set To Sign Record Kit Deal With New Balance

Liverpool are in negotiations to seal a record Premier League kit deal, with club officials looking to eclipse Manchester United’s £75million-a-year agreement with adidas.

The Anfield club’s current kit deal with New Balance ends at the end of the 2019-20 season and it is understood that talks to extend the current deal under improved terms have already got under way.

Liverpool’s current deal is worth £45m-a-year, but while the club and American kit company consider the agreement a massive success, it is understood New Balance will have to increase their sponsorship offer by at least £30m a year for it to continue.

Man City

Pep Defends City After Football Leaks Accusations

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 avoided UEFA’s FFP regulations.

City released a statement following the initial allegations that were made on Friday. The statement said the club would not comment on “the attempt to damage the club’s reputation,” but Guardiola fielded questions about the allegations at a news conference ahead of their Champions League game against Shakhtar Donetsk on Wednesday.

Barcelona

Barcelona Announce Record Revenues Of 914m

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 of income in 2021,” the club said.

One of the big reasons for such a massive income is the sale of Neymar to Paris Saint-Germain in August 2017 for a world-record fee of €222m.

AC Milan

Hedge Fund Now Owns AC Milan

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”],” a statement said.

“This transfer has occurred as a result of steps taken to enforce Elliott’s security interests after the previous owner of AC Milan defaulted on its debt obligations to Elliott.

AC Milan

AC Milan On The Offensive Ahead Of FFP Verdict

AC Milan Trophies

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 Play limitations.

They were denied both a voluntary agreement and settlement agreement with UEFA, who felt there wasn’t enough financial stability guaranteed by owner Yonghong Li – who this week failed to meet a deadline to pay €32m, so it was covered by US hedge fund Elliott Management.