Tag #Football Finance

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nytimes.com

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Jul 22, 10:12

Nottingham Forest Secures £80 Million Loan from Apollo Global Management

Nottingham Forest obtained an £80 million loan from Apollo Global Management in December 2024, using £55 million to repay a previous loan from RMF and incurring an 8.75% annual interest rate for a three-year term. The loan is secured by the club's assets.

Nottingham Forest Secures £80 Million Loan from Apollo Global Management

Nottingham Forest obtained an £80 million loan from Apollo Global Management in December 2024, using £55 million to repay a previous loan from RMF and incurring an 8.75% annual interest rate for a three-year term. The loan is secured by the club's assets.

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What is the immediate financial impact of Nottingham Forest's new £80 million loan, and how does it compare to their previous financial arrangements?

Nottingham Forest secured an £80 million loan from Apollo Global Management, a large asset management firm, to refinance existing debt and potentially cover other expenses. The three-year loan carries an 8.75% interest rate, and the club used £55 million to repay a previous loan from Rights and Media Funding Group (RMF).

bbc.com

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Jun 11, 07:16

Manchester United's Summer Spending Spree Defies Financial Concerns

Manchester United's significant summer spending, including the \£62.5 million acquisition of Matheus Cunha and a bid for Bryan Mbeumo, is explained by accounting practices that spread the cost of players over their contract length and potential profit from player sales, despite the club's absence fr...

Manchester United's Summer Spending Spree Defies Financial Concerns

Manchester United's significant summer spending, including the \£62.5 million acquisition of Matheus Cunha and a bid for Bryan Mbeumo, is explained by accounting practices that spread the cost of players over their contract length and potential profit from player sales, despite the club's absence fr...

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What accounting practices and strategic player sales allow Manchester United to navigate the Premier League's Profit & Sustainability regulations while making significant player acquisitions?

This aggressive spending strategy follows a concerning financial assessment by club owner Jim Ratcliffe in March and the substantial financial loss from the Europa League final defeat. The absence of Champions League revenue (at least \£70 million) and the rejection of an \£80-100 million offer for Bruno Fernandes from Al-Hilal further complicate their financial situation, yet the club maintains they are within financial regulations.

nytimes.com

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Apr 5, 10:09

UEFA Rules Threaten Chelsea and Strasbourg's European Ambitions

Chelsea and their sister club, RC Strasbourg, face a potential UEFA conflict due to shared ownership, with Strasbourg's unexpected rise in Ligue 1 increasing the likelihood of both qualifying for the same European competition, potentially forcing one club into a lower-tier tournament or out of Europ...

UEFA Rules Threaten Chelsea and Strasbourg's European Ambitions

Chelsea and their sister club, RC Strasbourg, face a potential UEFA conflict due to shared ownership, with Strasbourg's unexpected rise in Ligue 1 increasing the likelihood of both qualifying for the same European competition, potentially forcing one club into a lower-tier tournament or out of Europ...

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How does UEFA's ranking system determine which club gets the higher European placement if both Chelsea and RC Strasbourg qualify for the same tournament?

The issue stems from BlueCo, the owner of both clubs, potentially controlling two teams in the same European competition. UEFA rules mandate that if both clubs qualify for the same tournament, the club finishing lower in their respective leagues will be relegated to a lesser competition, determined by UEFA rankings if league positions are equal. Strasbourg's strong performance increases the likelihood of this scenario.

nos.nl

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Jan 27, 16:11

Heerenveen Receives Final Ejuke Payment from Mexico After Legal Battle

SC Heerenveen received a €3.1 million payment from Mexico, concluding a 4.5-year legal battle with CSKA Moscow over the 2020 transfer of Chidera Ejuke; the payment was facilitated by a player transfer to Club América and involved the Dutch Ministry of Finance.

Heerenveen Receives Final Ejuke Payment from Mexico After Legal Battle

SC Heerenveen received a €3.1 million payment from Mexico, concluding a 4.5-year legal battle with CSKA Moscow over the 2020 transfer of Chidera Ejuke; the payment was facilitated by a player transfer to Club América and involved the Dutch Ministry of Finance.

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What were the final financial implications for SC Heerenveen following the protracted legal battle over the transfer of Chidera Ejuke?

After a 4.5-year wait, SC Heerenveen finally received the final payment of €3.1 million for the transfer of Chidera Ejuke to CSKA Moscow. The payment, however, did not originate from Russia but from Mexico, following a complex legal process involving FIFA and CAS.

nytimes.com

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Jan 4, 16:07

Barcelona Files Complaint to Register Olmo and Victor After La Liga Rejection

Barcelona failed to register footballers Dani Olmo and Pau Victor by the December 31 deadline due to late payment proof for VIP seating sales, prompting a complaint to Spain's highest sports body for temporary registration.

Barcelona Files Complaint to Register Olmo and Victor After La Liga Rejection

Barcelona failed to register footballers Dani Olmo and Pau Victor by the December 31 deadline due to late payment proof for VIP seating sales, prompting a complaint to Spain's highest sports body for temporary registration.

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What are the immediate consequences of Barcelona's failure to register Olmo and Victor before the deadline?

Barcelona failed to register Dani Olmo and Pau Victor before the December 31 deadline, despite submitting documentation of VIP seating sales. La Liga and the RFEF rejected their appeal, citing lack of payment proof before the deadline. Barcelona will now file a complaint with the Consejo Superior de Deportes (CSD) to seek temporary registration.

zeit.de

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Dec 8, 16:08

Bayern Munich Demands Larger Share of Bundesliga's €4.484 Billion TV Deal

Bayern Munich CEO Jan-Christian Dreesen announced the club will push for a larger share of the Bundesliga's new €4.484 billion TV rights deal, arguing their contributions warrant a greater reward, citing their significant role in the league's success and global appeal.

Bayern Munich Demands Larger Share of Bundesliga's €4.484 Billion TV Deal

Bayern Munich CEO Jan-Christian Dreesen announced the club will push for a larger share of the Bundesliga's new €4.484 billion TV rights deal, arguing their contributions warrant a greater reward, citing their significant role in the league's success and global appeal.

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What is the main implication of Bayern Munich's demand for a larger share of the new Bundesliga TV deal?

"Bayern Munich CEO Jan-Christian Dreesen announced that the club will advocate for a greater share of the newly secured \"4.484 billion Euro TV rights deal for the Bundesliga. He stressed Bayern's contribution to the league's success, emphasizing the need for a fair distribution reflecting their significant role. The new deal represents an \"84 million Euro increase compared to the previous agreement."

bbc.com

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Jun 16, 16:15

Chansiri's Silence Amid Sheffield Wednesday Wage Delays

Sheffield Wednesday owner Dejphon Chansiri faces EFL charges for delayed wage payments; some staff have been paid, others are not; Chansiri's silence fuels fan frustration and questions about the club's future sale.

Chansiri's Silence Amid Sheffield Wednesday Wage Delays

Sheffield Wednesday owner Dejphon Chansiri faces EFL charges for delayed wage payments; some staff have been paid, others are not; Chansiri's silence fuels fan frustration and questions about the club's future sale.

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What are the immediate consequences of Sheffield Wednesday's delayed wage payments and the owner's silence?

Sheffield Wednesday owner Dejphon Chansiri has not publicly addressed delayed player and staff wages, despite a previous statement apologizing for the issue. Some staff have received back pay, but others are still waiting. The club faces EFL charges related to these delays, and must respond by Tuesday.

bbc.com

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Jun 6, 22:11

Glazer Ownership Costs Manchester United £1.187 Billion

The Glazer family's 2005 takeover of Manchester United incurred £1.187 billion in debt-related costs and fees, sparking ongoing fan protests despite the club winning 15 major trophies since.

Glazer Ownership Costs Manchester United £1.187 Billion

The Glazer family's 2005 takeover of Manchester United incurred £1.187 billion in debt-related costs and fees, sparking ongoing fan protests despite the club winning 15 major trophies since.

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How did the Glazer family's financial strategy impact Manchester United's performance, both on and off the pitch?

The Glazer's acquisition leveraged significant debt, leading to substantial financial outflows from Manchester United over two decades. This contrasts with the club's previously low debt levels (£50m) and their board's warnings against the financial risks. While the club has won 15 major trophies under the Glazers, the financial implications and the resulting fan protests highlight the controversy surrounding the takeover.

bbc.com

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Feb 12, 22:20

Manchester United Considers Further Redundancies Amidst £300 Million Loss

Facing £300 million in losses over three years, Manchester United is considering further redundancies, potentially 100-200 employees, to reinvest savings in the first team, following 250 previous redundancies and closure of its ambassadorial program.

Manchester United Considers Further Redundancies Amidst £300 Million Loss

Facing £300 million in losses over three years, Manchester United is considering further redundancies, potentially 100-200 employees, to reinvest savings in the first team, following 250 previous redundancies and closure of its ambassadorial program.

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What specific cost-cutting measures is Manchester United considering to address its substantial financial losses?

Manchester United, facing £300 million in losses over three years, is considering further redundancies, potentially impacting 100-200 employees. This follows previous cuts, including 250 redundancies and the closure of the club's ambassadorial program. The club aims to reinvest savings into the first team.

nos.nl

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Jan 11, 10:05

Ajax's Financial Crisis: Cost-Cutting Measures and the Impact on Competitiveness

Facing financial difficulties, Ajax Amsterdam is skipping their winter training camp and implementing cost-cutting measures, including reducing player salaries and organizational restructuring, due to a mismatch between high transfer expenditures and delayed revenues from player sales, impacting the...

Ajax's Financial Crisis: Cost-Cutting Measures and the Impact on Competitiveness

Facing financial difficulties, Ajax Amsterdam is skipping their winter training camp and implementing cost-cutting measures, including reducing player salaries and organizational restructuring, due to a mismatch between high transfer expenditures and delayed revenues from player sales, impacting the...

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How does the timing of transfer payments and revenues contribute to Ajax's current financial difficulties?

Ajax's financial challenges stem from a mismatch between high transfer expenditures and delayed revenues from player sales. While they have generated significant revenue from player sales (€318 million over two seasons), a considerable portion is still outstanding (€97 million), creating a cash flow problem. This situation is exacerbated by their absence from the Champions League, resulting in a substantial revenue shortfall compared to previous years.

forbes.com

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Dec 18, 22:09

Barcelona Tops Real Madrid in La Liga's 2023-24 TV Revenue Distribution

La Liga's 2023-24 television revenue distribution shows FC Barcelona leading with €162.49 million ($170.42 million) before deductions, surpassing Real Madrid's €159.55 million ($167.34 million), due to a new model incorporating team viewership and broadcast contributions; total distribution reached ...

Barcelona Tops Real Madrid in La Liga's 2023-24 TV Revenue Distribution

La Liga's 2023-24 television revenue distribution shows FC Barcelona leading with €162.49 million ($170.42 million) before deductions, surpassing Real Madrid's €159.55 million ($167.34 million), due to a new model incorporating team viewership and broadcast contributions; total distribution reached ...

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How does La Liga's new revenue-sharing model impact smaller clubs, and what are the implications of this model for future competition?

The revenue disparity highlights La Liga's new revenue-sharing model, which considers both league standings and "social reach." Barcelona's higher revenue reflects its success in attracting viewers and generating broadcast income, partly due to its cooperation with La Liga's initiatives like pre-game locker room access, unlike Real Madrid's opposition to such measures.

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