Bulgaria’s Levski Sofia crawls out from under its suffocating debt mountain
April 11 – Bulgaria’s Levski Sofia is no longer under the threat of bankruptcy, according to club owner Nasko Sirakov.
Finance
Everton hit with further two point deduction after second breach of financial rules
April 8 – Everton have been deducted two points for a second breach of the English Premier League’s financial rules, plunging the club back towards the relegation zone with seven games remaining.
Man City owners CFG record £122m loss across its 13-club network
April 8 – City Football Group (CFG) have revealed a £112 million loss for the year 2023, despite prize asset Manchester City raking in record-breaking in their treble winning season.
Have money, can challenge. EPL moots ‘luxury tax’ fines as alternative to points deductions
April 5 – The English Premier League is reported to be discussing a new ‘luxury tax’ fine system instead of points deductions to punish clubs who breach financial rules.
Seagulls soar to new heights with a £122.8 million profit for 2022/23 financial year
April 3 – Premier League Brighton and Hove Albion have reported a record profit after tax for the 2022/23 season of £122.8 million, a jump of almost £100 million on the £24.1 million reported the previous year.
Everton feel the heat as losses double to £89m and second points deduction looms
April 2 – More pressure has been heaped on English Premier League club Everton after they reported losses of £89.1 million for the 2022-23 season in their latest accounts report, almost double the previous figure of £44.7 million in the previous campaign.
US investor Bright Path Sports pays £100m+ buy-in as Ipswich chase Premier League spot
April 2 – Championship leaders Ipswich Town Football Club have taken a £100 million+ investment from US-based private equity firm, Bright Path Sports Partners.
Foreign ownership nears dominance of Big 5 club landscape, US investors lead the influx
April 1 – Just under 40% of the 96 teams in Europe’s Big 5 leagues are controlled by a foreign owner. The English Premier League has 16 clubs under foreign ownership, ten of them owned by US investors.
Bournemouth post £44.5m profit after return to Premier League
March 28 – Premier League Bournemouth has reported pre-tax profits of £44.5 million for year ended 30 June 2023 almost £100 million up from 2022’s loss of £55.5m.
Nottingham Forest appeal 4-point deduction for breaking Premier League finance rules
March 26 – English Premier League club Nottingham Forest have lodged an appeal against the four-point penalty imposed by the English Premier League last week for breaching the competition’s financial rules.
Premier League and EFL probe into alleged Leicester breaches of financial rules
March 22 – Following in the footsteps of Premier League clubs Everton and Nottingham Forest, tier-2 frontrunners Leicester City could be the latest team to be sanctioned for overspending as part of the ongoing crackdown at the top of English football.
Looking to travel to the big money of the Big 5 leagues? Portugal offers best route in
March 22 – Portugal’s Primera Liga is the “stepping stone par excellence” for players being prepared for entry into Europe’s Big 5 leagues, according a CIES Football Observatory report into transfer values for players across 66 leagues worldwide.
German clubs generate record €5.24bn in revenue
March 20 – German professional football has hit record revenues, breaking the €5 billion barrier for the first time, according to the 2024 DFL Economic Report.
Nottingham Forest drop into relegation zone after Premier League docks 4pts for overspending
March 19 – Nottingham Forest have become the latest Premier League club to be savagely punished for overspending, dropping into the relegation zone as a result with nine games remaining.
Las Palmas focussed on being a ‘selling’ club with Moleiro set to follow in Pedri’s footsteps
March 18 – UD Las Palmas Sporting Director Luis Helguera has backed young star Alberto Moleiro to become the next Pedri, explaining his club’s business model as an ‘academy’ club whose revenue model is based on developing and selling players.