Belgian tax collectors chase non-profit Genk for €39m
April 5 – Belgian tax authorities are chasing €39 million from league leaders Racing Genk, arguing that the club’s legal status as a non-profit does not exempt it from paying corporation tax.
April 5 – Belgian tax authorities are chasing €39 million from league leaders Racing Genk, arguing that the club’s legal status as a non-profit does not exempt it from paying corporation tax.
April 5 – Supporters of Bulgaria’s Levski Sofia have raised over BGN 243,000 (€121,000) to help the club in pay off its debts to the National Revenue Agency (NRA).
April 5 – EFL Championship side Reading have been handed an immediate six-point deduction for breaking agreed budget restrictions after a previous breach of the EFL’s profitability and sustainability rules.
By David Owen
April 3 – The sales of World Cup star Richarlison and Lucas Digne have enabled Everton to report a reduced loss of £44.7 million for the 2021-22 season. This follows three consecutive years of £100 million-plus losses at the pre-tax level.
By David Owen
April 3 – Newcastle United have produced accounts covering the club’s first nine months under the ownership of an investment group led by Saudi Arabia’s Public Investment Fund (PIF).
April 4 – Brazilian club Flamengo keeps breaking records. In 2022, the Rio outfit’s revenues broke the 1 billion reais revenue mark for the first time.
By David Owen
March 29 – Brentford, the West London club currently two places above big-spending local rivals Chelsea in the Premier League table, have published accounts for their transformational 2021-22 financial year.
March 29 – US businessman and chairman of second tier US club side Sacramento Republic, Kevin Nagle (pictured), is in the final stages of buying English Championship side Huddersfield Town.
March 28 – Clubs worldwide have secured a whopping 70% increase in their share of World Cup revenues for the 2026 and 2030 tournaments. FIFA has increased its payments to clubs for the release of players to $355 million. For the 2022 World Cup in Qatar, the figure was a combined $209 million.
March 28 – Chelsea reported losses of £121 million in 2021-22, with the club citing the sanctions imposed on former owner Roman Abramovich as a major factor.
March 28 – American player agency CRD Sport has opened negotiations for the acquisition of Bulgaria’s top tier club Pirin Blagoevgrad.
March 24 – The race to buy Manchester United is hotting up with little-known Finnish entrepreneur Thomas Zilliacus entering the fray.
March 22 – Wolverhampton Wanderers owner Fosun reportedly wants to invest in KV Oostende, a Belgian top flight club currently struggling at the bottom of the table and owned by Pacific Media Group (PMG).
March 22 – A second round of bids to buy Manchester United is due later today with Qatar’s Sheikh Jassim bin Hamad Al Thani reportedly set to make an improved offer.
March 14 – Miami-based private equity firm 777 Partners has bought a 64.7% majority stake in Hertha Berlin, buying the shares of disaffected owner Lars Windhorst, held by his Peil Investment group.