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Sale of Sheffield Utd stalls as Prince Abdullah tries to renegotiate price with club at top of Championship

Sale of Sheffield Utd stalls as Prince Abdullah tries to renegotiate price with club at top of Championship | Football Finance | Scoop.it
From www.insideworldfootball.com - December 13, 2024 1:17 AM

December 13 – Sheffield United’s Saudi Arabian owner Prince Abdullah bin Abdul Aziz Al Saud, has put the club’s sale on hold as he attempts to negotiate an increase in the sales price if the club are promoted back to the Premier League this season.
Over the summer Prince Abdullah agreed a £105 million deal with the COH Sports group, led by American businessmen Steven Rosen and Helmy Eltoukhy. That deal has been approved by the English Football League with the COH principals having passed the EFL’s owners test.

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Keeping up to date with the latest news of Football Finance in English clubs since 2013. Follow @JohnBeech on Twitter for the quickest updates.  YOU MAY NEED TO SCROLL DOWN ON THIS PAGE FOR THE MOST RECENT POSTING - the latest news appears directly below the tags initially.  *****  SPORTS MANAGEMENT (including FIFA and football abroad) and EVENTS MANAGEMENT (including FIFA World Cups) news items are also available at http://www.scoop.it/the-business-of-sports-managemen and http://www.scoop.it/t/the-business-of-events-management respectively; for Scottish football finance see https://www.scoop.it/topic/the-business-of-sports-management/?&tag=Scottish+football..  ******
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Scooped by John Beech
May 22, 11:33 AM
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Hartlepool United publish takeover update as club's future "hangs in the balance"

Hartlepool United publish takeover update as club's future "hangs in the balance" | Football Finance | Scoop.it
From www.hartlepoolmail.co.uk - May 21, 4:48 PM
Hartlepool United have released another club statement, revealing that board members have asked owner Raj Singh "if he would commit to further funding of the club".
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May 19, 11:05 AM
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Hill Dickinson lands naming rights to Everton’s new stadium

Hill Dickinson lands naming rights to Everton’s new stadium | Football Finance | Scoop.it
From www.thestadiumbusiness.com - May 19, 5:17 AM

Commercial law firm Hill Dickinson has acquired naming rights to Everton’s new stadium, with the club describing the agreement as one of the largest stadium sponsorship deals in Europe. Specific details of the long-term agreement, which was announced on Friday evening, have not been disclosed by either party.

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May 9, 7:08 AM
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Reading FC: Royals announce losses of £12.1m in 2023-24

Reading FC: Royals announce losses of £12.1m in 2023-24 | Football Finance | Scoop.it
From www.bbc.co.uk - May 9, 6:59 AM
Reading submit their accounts from the 2023-24 season and announce losses of £12.1m.
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April 16, 6:26 AM
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Brentford multi-club ambitions grow with Merida purchase

Brentford multi-club ambitions grow with Merida purchase | Football Finance | Scoop.it
From www.insideworldfootball.com - April 15, 6:23 AM

April 15 – Brentford have taken a significant step in reviving their multi-club ownership strategy with the acquisition of Spanish third-tier side Merida AD by their newly formed holding company, Best Intentions Analytics.

The move comes just weeks after Brentford formally restructured their ownership model, with long-time owner Matthew Benham transferring his shares into the new entity in a bid to modernise the club’s structure and attract strategic investment.

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April 9, 5:26 PM
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Reading: Club confirm advanced takeover talks with 'alternative bidder'

Reading: Club confirm advanced takeover talks with 'alternative bidder' | Football Finance | Scoop.it
From www.bbc.co.uk - April 9, 7:01 AM
Reading say they have switched talks to an alternative buyer as the League One club look to complete their long-running takeover saga.
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April 8, 7:36 AM
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Birmingham City reveal £72m debt to owners and extent of transfer frenzy

Birmingham City reveal £72m debt to owners and extent of transfer frenzy | Football Finance | Scoop.it
From www.stokesentinel.co.uk - April 3, 7:23 AM
Birmingham City have posted their first accounts under the control of American investment firm Knighthead Capital Management, including how much they spent on transfers after relegation and the interest rate on money loaned to the club from owners
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April 4, 11:10 AM
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Man City fans want Viagogo gone

Man City fans want Viagogo gone | Football Finance | Scoop.it
From thefsa.org.uk - April 3, 11:39 AM
Manchester City fans made their views known on the club’s deal with Viagogo by staging a hugely effective protest in the opening minutes of last night’s game against Leicester City.
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April 2, 9:49 AM
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Leicester City post £19.4m loss in Championship-winning season

Leicester City post £19.4m loss in Championship-winning season | Football Finance | Scoop.it
From www.bbc.co.uk - April 2, 7:55 AM
Leicester post a £19.4m loss in their accounts for 2023-2024 - the season they spent in the Championship.
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March 27, 11:28 AM
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Northampton Town in discussions with West Northants Council over plans for Sixfields land after successful East Stand opening

Northampton Town in discussions with West Northants Council over plans for Sixfields land after successful East Stand opening | Football Finance | Scoop.it
From www.northamptonchron.co.uk - March 27, 6:32 AM
Kelvin Thomas says discussions are ongoing with West Northamptonshire Council over what to do with the land behind Sixfields following the successful opening of the East Stand.
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March 11, 12:34 PM
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Manchester United to replace Old Trafford with UK’s largest ever stadium with capacity of 100,000

Manchester United to replace Old Trafford with UK’s largest ever stadium with capacity of 100,000 | Football Finance | Scoop.it
From www.insideworldfootball.com - March 11, 6:37 AM
March 11 – Manchester United have officially unveiled plans to construct a 100,000-capacity, state-of-the-art stadium, which would replace their historic 115-year-old Old Trafford home.  
The new ground will become the largest in the UK, surpassing Wembley, and serve as the centrepiece of a major regeneration project in the Trafford Wharfside area.  
The decision follows Sir Jim Ratcliffe’s sweeping review of the club’s infrastructure since taking over in February 2024. While redeveloping Old Trafford was considered – with estimates suggesting a capacity increase to 87,000 – the club ultimately determined that a new build would allow for even greater expansion.   Read more …
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March 5, 2:41 PM
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Liverpool post £57m losses as revenue hits £614m

Liverpool post £57m losses as revenue hits £614m | Football Finance | Scoop.it
From www.insideworldfootball.com - March 3, 11:33 AM

March 3 – Liverpool has announced a pre-tax loss of £57 million for the financial year ending 31 May 2024, a sharp increase from the £9 million deficit recorded in the previous year. However, the club’s overall revenue rose by £20 million to £614 million, driven by record-breaking commercial income and a strong on-field showing in Jürgen Klopp’s final season in charge.

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March 4, 3:04 PM
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Cardiff City lose £11m as club remains reliant on owner Vincent Tan

Cardiff City lose £11m as club remains reliant on owner Vincent Tan | Football Finance | Scoop.it
From www.bbc.co.uk - March 3, 10:44 AM
Cardiff City's latest financial accounts show the Bluebirds continue to remain heavily reliant on owner Vincent Tan.
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February 28, 9:25 AM
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Chelsea's £29.1m sale of Kurt Zouma to West Ham set for High Court hearing with agent demanding chunk of transfer fee nearly four years later

Chelsea's £29.1m sale of Kurt Zouma to West Ham set for High Court hearing with agent demanding chunk of transfer fee nearly four years later | Football Finance | Scoop.it
From www.goal.com - February 28, 5:59 AM
Chelsea taken to court by Kurt Zouma's agent as he demands chunk of £29.1m transfer fee nearly four years later after sale to West Ham.
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May 20, 5:48 PM
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Leicester City referred to commission by Premier League over alleged EFL financial breaches http://tinyurl.com/footfin #footballfinance #

Leicester City referred to commission by Premier League over alleged EFL financial breaches http://tinyurl.com/footfin #footballfinance # | Football Finance | Scoop.it
From www.bbc.co.uk - May 20, 5:50 AM
Leicester City are referred to an independent commission by the Premier League for an alleged breach of English Football League financial rules during the 2023-24 Championship season.
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May 16, 10:18 AM
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Redwood Holdings completes Reading FC takeover

Redwood Holdings completes Reading FC takeover | Football Finance | Scoop.it
From sportsmintmedia.com - May 16, 5:30 AM
Reading FC have announced the completion of a significant ownership change, with Redwood Holdings acquiring 100% of the club's shareholding.
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May 7, 1:17 PM
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Newcastle United launch legal action against East Stand owner

Newcastle United launch legal action against East Stand owner | Football Finance | Scoop.it
From uk.finance.yahoo.com - May 6, 11:05 AM
Premier League giants Newcastle United has issued legal proceedings against the Newcastle City Council and St James Terrace Land Ltd
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April 16, 6:10 AM
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EFL Championship Finances - 10 years 2015-24

EFL Championship Finances - 10 years 2015-24 | Football Finance | Scoop.it
From swissramble.substack.com - April 16, 2:46 AM
Fix Up, Look Sharp
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April 8, 7:41 AM
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Further details emerge on Sunderland's new debt and accompanying charges

Further details emerge on Sunderland's new debt and accompanying charges | Football Finance | Scoop.it
From www.sunderlandecho.com - April 1, 6:42 AM
Sunderland recently confirmed that they had ‘secured a capital working facility’
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April 5, 4:13 PM
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Torquay United 'painful and expensive process' as all debt paid off

Torquay United 'painful and expensive process' as all debt paid off | Football Finance | Scoop.it
From www.devonlive.com - March 19, 1:56 AM
Torquay United joint-chairman Michael Westcott has confirmed that all creditors have now been paid
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April 4, 10:34 AM
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Chelsea offload Women’s team to Boehly and Clearlake’s Blueco, turning £90.2m loss into a £128.4m profit

Chelsea offload Women’s team to Boehly and Clearlake’s Blueco, turning £90.2m loss into a £128.4m profit | Football Finance | Scoop.it
From www.insideworldfootball.com - April 2, 8:14 AM

April 2 – Premier League Chelsea have turned a £90.1 million pre-tax loss in 2022-23 into a £128.4 million profit 2023-24, mainly by selling core assets to its owners.
Described as a “repositioning of Chelsea Football Club Women Ltd”, the club said it “will ensure CFCW has dedicated resources, management and commercial leadership solely focused on the growth and success of the women’s team”.
Todd Boehly and the Clearlake Capital private equity group bought the club in May 2022 and then embarked on a remarkable spending spree on players.

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April 1, 2:26 PM
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Everton announce year of financial progress despite seventh consecutive year of losses

Everton announce year of financial progress despite seventh consecutive year of losses | Football Finance | Scoop.it
From www.insideworldfootball.com - April 1, 3:52 AM

April 1 – It’s not often a £53.2million loss can be counted as a win, but in the case of Everton, it marks an £89.1m improvement on the deficit incurred during the 2022-23 season, with the club saying that the reduction outlines a year of financial progress. 
Another piece of good news for the Premier League club is that despite a seventh consecutive year of losses, they will avoid profit and sustainability (PSR) sanctions. 

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March 15, 9:31 AM
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Football agent dispute with ex-Chelsea director to be heard by FA

Football agent dispute with ex-Chelsea director to be heard by FA | Football Finance | Scoop.it
From www.bbc.co.uk - March 14, 7:56 AM
A judge rules that the case between former Chelsea director Marina Granovskaia and agent Saif Alrubie be referred to a Football Association arbitration.
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March 6, 9:51 AM
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Everton agree landmark £350m new stadium deal that could save millions

Everton agree landmark £350m new stadium deal that could save millions | Football Finance | Scoop.it
From www.liverpoolecho.co.uk - March 6, 5:00 AM
New owners The Friedkin Group have refinanced the debt on the new stadium in a deal that should make it cheaper and easier to service - saving the club money on what had been significant interest rates
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March 5, 6:24 AM
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Portsmouth chief applauds £20m investment as Fratton Park attendances soar towards 57-year high

Portsmouth chief applauds £20m investment as Fratton Park attendances soar towards 57-year high | Football Finance | Scoop.it
From www.portsmouth.co.uk - March 4, 11:55 PM
Andy Cullen believes Pompey’s booming crowds vindicates Fratton Park’s £20m investment.
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February 28, 11:48 AM
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"Tomorrow is finally here" - Southend cfrom the brink and ready for new era

"Tomorrow is finally here" - Southend cfrom the brink and ready for new era | Football Finance | Scoop.it
From thefsa.org.uk - February 26, 8:45 AM
Across 2022 and 2023, Southend United faced oblivion but thanks to the tireless work of supporters, local MPs and businesses, the historic 118-year-old institution was saved.
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