ALK makes hybrid cash/credit offer for Burnley fan shares
October 6 – Burnley’s owner ALK Capital has offered to buy the remaining shares owned by the club’s supporters.
Finance
Ajax losses hit €8.1m for covid season without fans
October 5 – Ajax Amsterdam has reported an €8.1 million loss for the 2020/21 season, a deficit the Dutch club attributed to the Covid-19 pandemic and a season where most of the matches were played without fans.
Pandora Papers: Guardiola paid his 2012 Qatari wages into a tax-avoiding Andorra account
October 5 – Manchester City coach Pep Guardiola has been named in the Pandora Papers, with accusations that he held money in an offshore account in Andorra to avoid paying tax.
Barca report €481m losses but says wage cuts and Nou Camp reopening will return profit
October 5 – FC Barcelona has confirmed losses for the covid-hit 2020/21 financial year at €481 million after tax. Revenue for the year was €631 million while expenditure had boomed to a massive €1.136 billion.
Inter Milan losses top €246m for covid-hit season
October 1 – Serie A champions Inter Milan have posted a mammoth loss of €246 million for the 2020/21 financial year.
Buyers lining up for Derby takeover, says administrator
September 27 – Administrators for English Championship side Derby County say there is a “considerable degree of interest” in purchasing the club despite them being deducted 12 points and plummeting to the bottom of the table.
Serie A’s Genoa sold to US investors 777Partners for $178m
September 24 – Genoa, Italy’s oldest professional football club, has become the sixth team in Serie A to come under US ownership. Two other clubs in Serie A have foreign ownership.
UEFA doubles Women’s Euro 2022, prize money; increases men’s club solidarity payments
September 23 – UEFA’s Executive Committee has doubled the prize money for the Women’s Euro 2022 championships as well as revamping its solidarity payments for the men’s club game.
Derby docked 12 points as losses mount and administrator scrambles to find a buyer
September 22 – Derby County, league champions twice in the 1970s and one of the grand old teams of English football, have been hit with a 12-point deduction after falling into administration.
Cambodian prince offers €100m for Saint-Étienne
September 22 – Cambodian prince Norodom Ravichak has expressed interested in taking over Saint-Étienne, reportedly offering €100 million for the Ligue 1 club.
Beckham and Mas brothers take InterMiami control with Ares-backed deal
September 21 – Ares Management Corporation, an American global alternative investment manager, has closed a $150 million preferred equity deal with Inter Miami CF.
Bleeding out: Juve to seek new money after posting record losses of €210m
September 20 – Juventus have recorded a mammoth loss of €209.9 million for the 2020/21 season, but still remain convinced of a future European Super League as the solution to the club’s deep financial problems.
Borussia Dortmund raises €86.5m via issue of new shares
September 20 – Bundesliga giants Borussia Dortmund has agreed to the raising of €86.5 million via an increase in share capital. The new money will be used to cover the economic impact of the global pandemic on its finances.
Derby hit new low as club goes into administration
September 20 – English championship club Derby County, twice crowned champions of English football back in the 1970s in the old first division, have filed for administration amid continued financial problems at the club.
Barca debt tops €1.35bn driven by out-of-control player wages. Laporta puts focus on youth
September 17 – Barcelona’s president has painted a grim picture of the full extent of the club’s financial crisis, saying its debt had risen to an eye-watering €1.35 billion.