Tuesday briefing: FIFA set to announce $15 billion World Cup revenue after tournament

Back to overview

Tuesday briefing: FIFA set to announce $15 billion World Cup revenue after tournament

IMAGO

IMAGO

21 July 2026 - 4:30 AM

FIFA are set to announce record revenues of $15 billion from this summer’s World Cup, according to a report from The Guardian, exceeding the governing body’s original forecast of $11 billion. Member associations were informed of the expected financial result by FIFA president Gianni Infantino on Saturday.

Higher-than-expected hospitality and ticketing income contributed to the increase, with sales on the secondary ticket market accounting for part of the rise. FIFA receives 15 per cent from both buyers and sellers on secondary market transactions.

Details of how the additional revenue will be distributed have yet to be confirmed, although national associations are expected to benefit.

Future hosting prospects

The prospect of increased funding could strengthen backing for Infantino as FIFA president among national federations.

The financial outcome may also improve the United States’ prospects of hosting another World Cup. The next available tournament for bidding is the 2038 edition, while the US has also held discussions with FIFA about staging the 2029 Club World Cup.

 

 

FC Barcelona raise €105 million through new ten-year bond issue

FC Barcelona have completed a €105 million senior secured bond issue with a fixed coupon of 5.14 per cent and a maturity date of October 2036, according to the club. The funds will be used to strengthen the club’s cash position and support the execution of its strategic plan as work continues on the Spotify Camp Nou redevelopment.

The club said the bond issue attracted demand worth more than twice the amount offered and was fully placed in under two hours with a selected group of US institutional investors, including insurance companies, investment funds and pension funds. Goldman Sachs acted as lead manager and placement agent for the transaction.

Barcelona said in the statement: “The success of the operation reinforces the confidence of international markets in the strength of the FC Barcelona project.” The club also said the market spread fell from 240 to 202 basis points compared with its previous bond issue.

Liquidity during stadium redevelopment

The latest financing comes as Barcelona continue work on the Espai Barça project. Reports have previously indicated the club could seek additional financing to cover construction cost overruns linked to the stadium development.

Barcelona reported net financial debt of €1.233 billion as of 30 June 2025, up 14 per cent year on year, while shareholders’ equity remained negative at €152.7 million.

 

 

Krause Group acquires majority stake in Casa Pia

Casa Pia AC have agreed a deal for US-based Krause Group to acquire a majority stake in the Portuguese club, with the transaction subject to the completion of formal and regulatory procedures. The club announced the agreement, describing it as a long-term investment that will preserve Casa Pia’s identity and values.

The acquisition adds Casa Pia to Krause Group’s multi-club ownership portfolio, which already includes Italian side Parma and US club Des Moines Menace. The group said the deal reflects its long-term commitment to football development in Europe.

Casa Pia said further details on the transaction and the club’s strategic direction will be announced once all formal and regulatory procedures have been completed.

Women's team part of investment

As part of the agreement, Krause Group will support the launch of Casa Pia’s senior women’s team. The investment is intended to expand opportunities in women’s football while continuing the club’s existing activities.

The club’s management will remain unchanged, with Tiago Lopes continuing as chief executive.

 

 

More than 200 FIFA members back Infantino for fourth presidential term

More than 200 of Fifa’s 211 member associations have formally endorsed Gianni Infantino for re-election as president, according to The Guardian, leaving him on course to secure a fourth term at the governing body’s congress in March. Only a small number of national associations have yet to submit letters of support, with Germany among the highest-profile exceptions.

Candidates must be nominated by 18 November, when letters of endorsement can still be withdrawn or reassigned. Infantino is currently the only declared candidate, although some member associations believe they have faced continued pressure from within FIFA to confirm their backing despite provisions in the organisation’s ethics code.

Dissatisfaction remains among some European football bodies following recent controversies, including FIFA’s handling of Folarin Balogun’s suspension. Discussions have taken place about the possibility of a Europe-backed challenger, but no alternative candidate has emerged.

European opposition

UEFA has disagreed with FIFA over several recent issues, including the Balogun case and the exclusion of Somali referee Omar Artan from the World Cup. However, it remains unclear whether Europe’s governing body would formally support a rival in the presidential election.

FIFA’s member associations are due to meet in New York on Saturday. Recent governance controversies are unlikely to feature prominently on the agenda, with the World Cup’s financial performance and potential distributions to member associations expected to receive greater attention.

 

 

Agreement reached for Royal Antwerp takeover by local consortium including Toby Alderweireld

Royal Antwerp have reached an agreement with the Gheysens family for the full takeover of the club by a consortium of Antwerp-based entrepreneurs that includes former Belgium international Toby Alderweireld and entrepreneur Wouter Vandenhaute. The club said the transaction marks the start of a new ownership chapter built around locally based shareholders with a long-term approach.

According to the club, the new owners intend to develop Royal Antwerp through financial discipline, sporting ambition and sustainable governance while maintaining the club's links with its supporters, the city of Antwerp and the wider community. The statement also confirmed that chief executive Sven Jaecques will remain in charge of the club's day-to-day operations.

Jacques Vandermeiren, who has been asked to assemble a new board of directors and is expected to become chairman, said: “This is the beginning of a new story... Royal Antwerp FC is much more than a football club. It connects people, businesses and generations of people from Antwerp.”

Club targets continuity

The club said it will continue to build on infrastructure investment and sporting progress made during the Gheysens family's ownership, while placing greater emphasis on talent development, sporting organisation and a healthy financial base.

Royal Antwerp also thanked the Gheysens family for their role in the club's recent development, saying their investment helped lay the foundations for a league title, domestic cup success, European football and the club's return as a leading force in Belgian football.

 

 

Boavista ordered to cease operations after missing creditor payment

Historic Portuguese club Boavista have been ordered to cease all activities and vacate their stadium Estádio do Bessa premises by 31 July after failing to make a required payment under the terms of the club’s insolvency process, according to Portuguese news agency Lusa.

The order follows the club’s failure to deposit funds intended to cover operating costs and obligations agreed with creditors.

The insolvency administrator said there was no expectation that the outstanding donation, or the payment required for the current month, would be transferred to the insolvency estate. The missed payment breached conditions approved at a creditors’ meeting in December 2025, under which the club’s continued operation depended on meeting monthly financial commitments.

The ruling requires all activities at the stadium and adjacent facilities to end, with the premises to be handed over “free from staff or property” on 31 July. Sporting activities may continue only until the end of the month before the club leaves the site.

Financial problems deepen

Boavista, Portuguese champions in 2000/01, have faced financial difficulties for several years. After returning to the Primeira Liga following relegation in the aftermath of the Apito Final match-fixing scandal, the Porto club were relegated again at the end of the 2024/25 season and were subsequently refused registration for Liga 2 and Liga 3.

The club instead entered the Porto district league but failed to complete the campaign while subject to a transfer ban. The Estádio do Bessa was previously put up for auction before an agreement with creditors delayed the insolvency process, although that arrangement has now collapsed after the latest missed payment.

 

 

Aleksander Čeferin skips World Cup final amid FIFA dispute

UEFA president Aleksander Čeferin did not attend the World Cup final between Spain and Argentina, in a move that reflects the worsening relationship between European football’s governing body and FIFA. The Times reported that the UEFA chief stayed away following the dispute over FIFA’s handling of Folarin Balogun’s suspension.

Čeferin, who is also a FIFA vice-president, would ordinarily be expected to attend the tournament’s showpiece event. His absence followed UEFA’s criticism of FIFA’s decision to defer Balogun’s suspension after a red card, allowing the United States striker to play against Belgium.

UEFA described the decision as “unprecedented, incomprehensible and unjustifiable” and said FIFA had “crossed a red line”. FIFA president Gianni Infantino has denied involvement after US president Donald Trump said he had discussed the case with him, while the decision was made by a single member of FIFA’s disciplinary committee.

Broader disagreements remain

The latest dispute adds to existing differences between UEFA and FIFA. UEFA opposes proposals to expand the World Cup from 48 to 64 teams, while Čeferin has also criticised ticket prices for the tournament and voiced concerns over several refereeing and VAR changes introduced for the competition.

Most FIFA Council members, including the English Football Association chair Debbie Hewitt, attended the final. The FA wrote privately to Infantino last month in support of his bid for re-election as FIFA president next year.

 

 

MLS commissioner leaves door open to future promotion and relegation but not for now

Major League Soccer (MLS) commissioner Don Garber says promotion and relegation could become part of the league in future, although he believes the model does not currently suit MLS. Garber said the competition would adopt the system if it eventually became the right fit, but argued the league’s current structure and investment profile make it impractical for now, according to AP.

Garber pointed to spending on stadiums, academies and player development as reasons why club owners are unlikely to support promotion and relegation at present. He highlighted New York City FC’s Etihad Park, due to open next July, as an example of the long-term infrastructure investment made across the league.

MLS launched in 1996 with 10 clubs and now has 30 operating in a closed system. San Diego became the latest expansion club after paying a reported US$500 million fee to enter the league in 2025. Garber said: “I will say this now that I wouldn’t have said five years ago, I never thought we’d change our calendar and we did. I never thought we’d have 30 teams and we do. I never thought we’d have 29 stadiums, and we will. I never thought we’d ever talk about promotion, relegation.”

Calendar changes and USL plans

MLS will switch to a summer-to-spring calendar from next year in a move designed to align more closely with leading European leagues. An abbreviated competition will be staged in early 2027 before the 2027/28 season begins in mid- to late July.

Meanwhile, the United Soccer League plans to launch the top-flight USL Premier in 2028, operating alongside the USL Championship and League One in a promotion and relegation system.

Friday briefing: Leeds begin legal action against Leicester over PSR breach

Back to overview

Friday briefing: Leeds begin legal action against Leicester over PSR breach

IMAGO

IMAGO

17 July 2026 - 4:30 AM

Leeds United have begun legal proceedings against Leicester City after serving a statement of claim linked to the club’s breach of profitability and sustainability rules (PSR), according to The Athletic. Leeds are seeking damages after missing out on automatic promotion from the Championship in the 2023/24 season.

Leeds decided to act following Burnley’s recent legal success against Everton. Burnley were awarded £35 million in compensation and interest after arguing Everton’s earlier PSR breach contributed to their relegation from the Premier League. Leeds’ claim includes specific losses as well as a request for an assessment of damages, with a hearing currently scheduled for next summer.

Leeds are expected to argue they would have secured automatic promotion had Leicester complied with PSR rules. Leicester finished top of the Championship in 2023/24, while Leeds ended the campaign in third place before losing the play-off final.

Burnley case provides legal framework

Last month, Burnley were awarded compensation after an independent commission concluded Everton’s PSR breach had, “On the balance of probabilities, … caused Burnley to be relegated.” Everton have said they will appeal that decision.

Although the Burnley ruling does not create a binding legal precedent, it has established a framework for similar claims. Leicester were deducted six points in the Championship last season after being found to have breached spending rules during their 2023/24 campaign.

 

 

UEFA federations discuss challenger to Gianni Infantino FIFA re-election bid

Several UEFA member associations are discussing backing a candidate to stand against Gianni Infantino in the next FIFA presidential election, according to a report from talkSPORT. Infantino confirmed at FIFA Congress in April that he intends to seek a third term and has been expecting to stand unopposed when the election takes place in November.

UEFA president Aleksander Čeferin is not expected to challenge Infantino despite previous disagreements between UEFA and FIFA. Čeferin is instead willing to seek another term leading UEFA if no alternative candidate emerges.

Support has been discussed for other European figures, including Paris Saint-Germain president Nasser Al-Khelaifi and Legia Warsaw owner Dariusz Mioduski. Al-Khelaifi is not seeking the role, while officials from several UEFA federations have also considered backing other candidates.

Nominations close in November

Outside Europe, CONCACAF president Victor Montagliani and CAF president Patrice Motsepe have also been linked with future FIFA presidential ambitions, although neither is expected to stand against Infantino in this election. Support from African, Asian and CONCACAF members for FIFA competition expansion plans could strengthen Infantino’s position.

Nominations for the FIFA presidential election close on 18 November, with the vote scheduled to take place the same day in Rabat, Morocco.

 

 

Bundesliga announce $100 million US broadcast deal with Versant

The Bundesliga have announced new US media rights agreements with Versant’s USA Sports and NBCUniversal’s Telemundo, with the partnerships beginning from the 2026/27 season. Under the deals, USA Sports will become the league’s exclusive English-language broadcaster, while Telemundo will hold the exclusive Spanish-language rights in the United States.

The English-language agreement is worth $100 million over five seasons, according to The Athletic, citing sources briefed on the negotiations. The Bundesliga’s US English-language rights will move from ESPN to a combination of USA Network and Fandango, with all 300-plus matches shown across the two platforms.

USA Network will broadcast at least 30 matches each season, with the remaining fixtures available free on the advertising-supported Fandango streaming service.

Spanish-language rights split

The Bundesliga also confirmed a separate three-year agreement with Telemundo for Spanish-language coverage. More than 100 matches per season will be shown on Telemundo and Universo, with every match available to stream on Peacock. The agreements mark the first time the Bundesliga have sold their English and Spanish-language rights in North America as separate packages.

ESPN previously held both the English and Spanish-language rights in the United States. ESPN paid around $30 million per season under the previous agreement, with the new English and Spanish-language deals together carrying a similar combined annual value.

 

 

EU court raises concerns over FIFA agent regulations

The Court of Justice of the European Union has ruled that parts of FIFA’s Football Agent Regulations (FFAR) may be incompatible with EU law, while referring the case back to the German court that requested its interpretation to determine whether the disputed provisions are unlawful or justified.

The judgment concerns rules governing football agents’ activities, including representation, licensing, commissions and data-sharing requirements.

The court found that several provisions raise concerns under EU competition law, the freedom to provide services and data protection rules. Among them is a restriction preventing agents from approaching clients already tied to an exclusive representation agreement until the final two months of that contract.

The judges said that rule appears to favour incumbent agents, who can renegotiate existing agreements outside that period, potentially giving them an unjustified competitive advantage. The court also ruled that certain FIFA requirements to publish information on agents and transactions are incompatible with EU data protection rules.

FIFA welcomes ruling

The court also found that FIFA could hold a dominant position in markets for intermediary services linked to international transfers and the recruitment of professional players and coaches because of its regulatory and disciplinary powers.

In a statement, FIFA welcomed the judgment, saying it confirmed that certain restrictions, such as service fee caps and limits on multiple representation, may be justified under EU law where they pursue legitimate objectives and are necessary and proportionate.

 

 

Real Zaragoza confirm new majority ownership following investment agreement

Real Zaragoza have confirmed that investment platform A.GAIN will become the club’s new majority shareholder after signing a preliminary investment agreement with current owners Jorge Mas and Juan Forcén, the club have announced.

A.GAIN will initially hold 75 per cent of the club’s share capital before a planned capital increase leaves the new investors with a 60 per cent stake. Mas and Forcén will remain as minority shareholders with the remaining 40 per cent.

“A.GAIN joins the project alongside Jorge Mas and Juan Forcén… to form a group with all the capabilities needed to achieve a common objective: returning Real Zaragoza to the stability and competitiveness that their history and supporters demand,” the club said in a statement.

General manager appointed

Alongside the ownership change, Real Zaragoza have appointed Guido Baroli as the club’s new general manager. The Argentine executive will oversee the club’s day-to-day operations as the new ownership structure is put in place.

The transaction remains subject to the completion of the remaining approval processes before it is formally completed. Real Zaragoza said further details of the new owners’ plans for the club will be shared with supporters in the coming days.

 

 

A-League players reject pay deal ahead of new season

A-League Men and A-League Women players have unanimously rejected the Australian Professional Leagues' latest collective bargaining agreement (CBA) proposal, leaving Australia's top domestic football competitions without a new agreement ahead of the 2026/27 season. The previous CBA expired on June 30, and the decision means players could exercise their right to industrial action.

Negotiations between the Australian Professional Leagues (APL) and Professional Footballers Australia (PFA) began late last year, with both parties previously expecting a deal to be reached in early July. However, the players voted against the latest proposal at a meeting last week, according to the Australian Broadcasting Corporation.

PFA chief executive Beau Busch said the proposal had been rejected because players believed it "did not advance the players' and the game's collective interests". Busch said the A-Leagues delegates had formally ratified the decision and informed the APL that the CBA negotiation process had been exhausted.

APL weighs next move

The rejected offer included increasing the A-League Men salary cap by A$100,000 to A$2.7 million, limiting clubs to one marquee player outside the cap, and lifting the A-League Women salary cap from A$640,000 to A$775,000. It also proposed a 27 per cent increase in the minimum wage for women's players to almost A$35,000 per season.

APL chief executive Steve Rosich said the league had negotiated "in good faith" over the past eight months and was seeking clarification of the PFA's position before further discussions.

Tuesday briefing: Liverpool’s Michael Edwards steps down as Fenway Sports Group football CEO

Back to overview

Tuesday briefing: Liverpool’s Michael Edwards steps down as Fenway Sports Group football CEO

IMAGO

IMAGO

14 July 2026 - 4:30 AM

Michael Edwards has stepped down as chief executive of football at Liverpool owners Fenway Sports Group (FSG), ending his second spell with the organisation after two years in the role. FSG said in a statement the departure formed part of a “planned transition following the completion of key strategic priorities”.

Edwards returned in March 2024 to oversee Liverpool’s football operations during the transition following Jürgen Klopp’s departure. His appointment also included responsibility for developing FSG’s wider football strategy, with an emphasis on expanding into a multi-club model.

FSG president Mike Gordon said the owners were “naturally disappointed” by Edwards’ decision to leave. In the statement, Edwards said: “Liverpool is in a strong position, with outstanding people, a clear direction and the foundations in place for continued success.”

Multi-club plans did not progress

Edwards first joined Liverpool in 2011 and became sporting director in 2016 before leaving in 2022. He returned after agreeing to lead FSG’s football operations, having identified the group’s multi-club ambitions as a key reason for accepting the newly created position.

During his second spell, FSG assessed potential investment opportunities across Europe but did not complete the purchase of another club. Edwards said the wider project “ultimately evolved differently to how we had originally envisaged”, adding that he was proud of the work undertaken to present ownership with options for the future.

 

 

Infantino says FIFA will consider 64-team World Cup

FIFA president Gianni Infantino has said FIFA will examine a proposal to expand the 2030 World Cup to 64 teams after this year's tournament, keeping alive the prospect of a further increase following the move to a 48-team competition for 2026.

Speaking to Swiss broadcaster Blue Sport, Infantino said discussions on the format of the 2030 finals would take place once the 2026 World Cup in the United States, Canada and Mexico had concluded.

An official plan to increase the tournament to 64 teams was submitted by South American confederation CONMEBOL in April 2025. Asked about the idea, Infantino said: “These are all issues that we will be examining after the World Cup.”

Proposal remains under review

FIFA approved the expansion from 32 to 48 teams in 2017, with the enlarged format to be used for the first time at the 2026 finals. Discussions over a further increase began after South American representatives formally raised the issue ahead of the 2030 tournament.

The 2030 World Cup will be co-hosted by Spain, Portugal and Morocco, while the opening matches will be staged in Argentina, Uruguay and Paraguay as part of celebrations marking the competition's centenary. Uruguay hosted the inaugural World Cup in 1930.

 

 

PSG close to €100 million-a-year Nike contract extension

Paris Saint-Germain are set to extend their partnership with Nike until 2037 under a new agreement worth €100 million per year, according to L’Equipe. The club’s existing deal with Nike had been due to run until 2032, but revised terms have reportedly been agreed following PSG’s Champions League triumph in 2025.

The new agreement will add five years to the current contract while increasing its annual value from €60 million to €100 million. Negotiations are close to being concluded between the two parties.

The increase would place PSG among the clubs with the highest-value kit supply agreements in football. The financial terms are comparable to Barcelona’s arrangement with Nike.

Jordan partnership continues

The renewed agreement will also maintain PSG’s association with the Jordan brand, which is owned by Nike. The club have worked with Jordan on selected kits and apparel since the partnership began.

PSG will remain the only football club linked with the Jordan brand for the coming seasons.

 

 

Netflix, Disney and YouTube eye FIFA World Cup U.S. rights worth up to $2 billion

Netflix, Disney and YouTube are among the media companies interested in acquiring the U.S. rights to the 2030 and 2034 FIFA World Cups, with the combined English- and Spanish-language package expected to attract bids of between $1.5 billion and $2 billion per tournament, CNBC has reported.

FIFA is expected to begin formal discussions with potential media partners within the next three months. The governing body has indicated during preliminary talks that it intends to sell the English- and Spanish-language U.S. rights together rather than as separate packages, marking a change from previous World Cup cycles.

The current agreements run through the 2026 tournament after FIFA extended its deals with Fox and Telemundo in 2015. Fox paid $485 million for the English-language rights, while Telemundo agreed a $600 million deal for the Spanish-language package.

Weigh marquee football investment

Amazon and Apple could also join the bidding process, potentially increasing competition for the rights. Amazon already holds UEFA Champions League rights in the UK, while Apple owns the global media rights to Major League Soccer (MLS).

Netflix, Disney and YouTube view the men’s World Cup as an opportunity to strengthen their streaming platforms. Disney could also broadcast matches on ESPN and ABC, while FIFA has already awarded Netflix the rights to the 2027 and 2031 Women’s World Cups.

 

 

FIFA disciplinary chairman ruled alone on Balogun ban waiver

Mohammad al-Kamali, chairman of Fifa’s disciplinary committee, decided on his own to waive Folarin Balogun’s suspension without involving any of the committee’s 17 other members, according to a report from The Times. The decision allowed the USA striker to play in the host nation’s World Cup last-16 match against Belgium.

Al-Kamali imposed a one-match suspension but deferred it for a one-year probationary period. Balogun had been sent off for serious foul play, an offence that would normally result in a two-match suspension under previous World Cup disciplinary cases.

The ruling departed from earlier World Cup disciplinary precedents UEFA criticised the decision, describing it as “unprecedented, incomprehensible and unjustifiable”.

Questions remain over disciplinary process

The decision followed claims by US President Donald Trump that he had spoken to FIFA president Gianni Infantino about Balogun’s red card before the suspension was waived. Trump said he had contacted Infantino regarding the case.

Infantino has acknowledged receiving a call from Trump but said he told the US president that an “independent judicial body” was considering the matter and that it “would be decided in due course by the competent bodies”.

 

 

Empoli confirm exclusive talks with American fund over majority takeover

Empoli have confirmed they are in exclusive negotiations with an American investment fund over a potential majority takeover of the club, a move that could bring an end to 35 years of ownership by the Corsi family. In a statement, the Serie B club said an exclusivity agreement had been signed with the prospective investor.

The club did not identify the fund, but discussions are at an advanced stage. The parties are negotiating the size of the investment and the ownership structure, with a significant majority stake expected to form part of any agreement, subject to a final deal being reached.

Empoli did not say whether current owners Fabrizio and Rebecca Corsi would retain operational or representative roles if the transaction is completed.

Infrastructure plans

The potential investment comes as Empoli continue work on infrastructure projects, including the expansion of the club-owned Monteboro training centre and plans to renovate the Stadio Carlo Castellani, which is leased from the local municipality.

The stadium redevelopment is approaching the final approval stage.

Friday briefing: European lawmakers urge FIFA investigation over Infantino neutrality concerns

Back to overview

Friday briefing: European lawmakers urge FIFA investigation over Infantino neutrality concerns

IMAGO

IMAGO

10 July 2026 - 4:30 AM

More than 70 Members of the European Parliament have called on the 27 European Union football associations to seek an investigation into FIFA and its president, Gianni Infantino, over the governing body's handling of the suspension of Folarin Balogun's one-match ban and its commitment to political neutrality, The Athletic reports.

The move follows FIFA's decision to allow the United States forward to play against Belgium after an independent disciplinary committee suspended his automatic suspension, despite an appeal from Belgium being rejected.

The letter, signed by 72 MEPs, asks European football associations, as FIFA members, to press for scrutiny of the decision-making process in the Balogun case. It follows a separate letter sent by 50 MEPs to FIFA on 29 June raising an ethics complaint over Infantino's relationship with US President Donald Trump and alleging repeated breaches of FIFA's neutrality obligations.

Infantino has denied influencing the process, stating: “FIFA’s judicial bodies are independent. They operate autonomously, apply the FIFA Disciplinary Code, and decide cases based on the applicable regulations and the specific facts before them.”

MEPs cite FIFA statutes and ethics code

According to the letter, the MEPs argue that FIFA's statutes and code of ethics require political neutrality and provide member associations with grounds to seek an investigation. They also urged national associations to support previous calls from the Norwegian Football Federation and other MEPs for further scrutiny of Infantino's links with President Trump.

The latest intervention comes after UEFA criticised the suspension of Balogun's ban on Monday, describing the decision as “incomprehensible” and saying it had “crossed a red line”, adding to pressure on FIFA over its handling of the case.

 

 

European football revenues surpass €40 billion for first time

European football clubs generated more than €40 billion in combined annual revenue for the first time in the 2024/25 season, according to Deloitte’s Annual Review of Football Finance. Aggregate revenue across European leagues rose 13 per cent year on year, with the Big Five leagues accounting for more than half of the total.

The Premier League remained the highest-earning domestic competition, generating €8.1 billion in revenue, up 8 per cent on the previous season. Combined revenue across the Big Five leagues increased 6 per cent to €21.6 billionn, representing 54 per cent of European football’s total income. The Bundesliga reported revenue of more than €4.3 billionn, ahead of LaLiga’s €4.1 billion.

Serie A clubs increased their combined revenue by 4 per cent to €3 billion, while Ligue 1 revenue fell 15 per cent year on year to €2.2 billion.

Premier League losses widen

Deloitte’s report also found Premier League clubs recorded pre-tax losses of €1.1 billion in 2024/25, compared with €157 million a year earlier.

The increase in Premier League losses was driven primarily by higher transfer spending and a lack of substantial profits from one-off player sales.

 

 

Juventus appoint Frederic Massara as chief football officer

Juventus have appointed Frederic Massara as chief football officer, with the former AC Milan and AS Roma executive joining the club's football leadership team. In a club statement, Juventus said Massara will report directly to chief executive Giovanni Carnevali and oversee the management and development of the men's football department.

The club said Massara will work alongside sporting director Marco Ottolini as part of the men's football structure. The appointment comes as Juventus continue to reshape their executive team under Carnevali, while Ottolini remains in his current position.

Carnevali said the appointment would strengthen the club's organisational structure. “We are very happy to welcome Frederic to the great Juventus family. His expertise and deep knowledge of football represent an added value and fit perfectly with the professionals already within the club's organisational structure,” he said.

Chiellini takes expanded role

Juventus also confirmed that Giorgio Chiellini has been appointed Chief Club Affairs Officer. The club said the role will focus on strengthening relationships with football authorities, strategic stakeholders and sporting organisations in Italy and internationally.

Massara's responsibilities include helping define and implement Juventus' sporting strategy, while Chiellini's new position is intended to support the club's engagement with governing bodies and institutional partners.

 

 

Nice to pursue legal action against Marseille sporting director Lorenzi

OGC Nice have confirmed that they will launch legal proceedings against Olympique Marseille sporting director Gregory Lorenzi after he withdrew from an agreement to join the club despite having signed a contract. The announcement was made during Nice’s introductory press conference ahead of the new season.

Lorenzi had been expected to replace Florian Maurice as the head of Nice’s sporting policy after leaving Stade Brest. However, he later reversed his decision, resigned from his previous role and instead joined Marseille as successor to Medhi Benatia.

The dispute follows comments made by then-Nice president Jean-Pierre Rivère after the club’s Ligue 1 play-off victory over Saint-Etienne, when he warned there would be “financial repercussions” over Lorenzi’s decision. Speaking at the press conference, Rivère’s successor Maurice Cohen said: “He had signed his contract and then changed his mind. The club wants to be respected. We don’t give any favors.”

First hearing in September

Cohen said the first hearing in the case between Nice and Lorenzi is scheduled to take place in September.

He did not provide further details of the legal proceedings during the press conference.

 

 

Former Sheffield United owners file £35 million winding-up petition over unpaid debt

The former owners of Sheffield United have filed a winding-up petition against the club’s owners, COH Sports Bidco Limited, claiming they are owed more than £35 million.

The Guardian reports that the dispute has also prompted the English Football League (EFL) to examine allegations linked to changes in the club’s ownership structure.

COH Sports, led by Steven Rosen and Helmy Eltoukhy, completed a deal to buy Sheffield United from Prince Abdullah for about €134 million in December 2024. The first instalment was paid shortly afterwards, but later payments were delayed or missed. The club’s former owner, through his investment vehicle United World, has also raised the matter with the Independent Football Regulator.

The club’s current owners are understood to accept that about £35 millions remains outstanding and have confirmed that a new parent company has been introduced. They deny the ownership restructuring is connected to the unpaid balance, while discussions over a settlement, including a proposal to convert the debt into equity, have yet to produce an agreement.

EFL seeks observations from relevant parties

According to correspondence seen by The Guardian, United World alleges that shares in COH Sports Bidco Limited were transferred to Delaware-based 1919 Partners LLC to avoid paying the outstanding amount. The letter questions whether the owners continue to satisfy the EFL’s owners’ and directors’ test following the restructuring.

An EFL spokesperson said: “The EFL notes recent developments involving Sheffield United and has requested observations from the relevant parties in the context of EFL regulations. As this process is ongoing, we are not in a position to make any further comment at this time.”

 

 

De Laurentiis pair investigated as Bari faces liquidation request

Aurelio and Luigi De Laurentiis are under investigation by the Bari Public Prosecutor's Office over alleged false corporate communications and fraudulent bankruptcy, according to La Gazzetta dello Sport.

Searches have been carried out at the offices of SSC Bari, SSC Napoli and Filmauro, the De Laurentiis family’s film production company and Bari’s parent company, as part of an investigation linked to the club’s financial position. Prosecutors have also requested the judicial liquidation of Bari.

The investigation follows an examination of Bari’s financial statements and related documents covering the period from 2019 to 2025. Prosecutors allege the club accumulated losses of around €30 million, resulting in a significant equity deficit and debt exposure without a recovery plan. They argue the club’s financial condition deteriorated through a series of transactions that contributed to their insolvency.

One focus of the investigation is Bari’s 2023 sale of goalkeeper Elia Caprile to Napoli for €2.2 million. Prosecutors allege the deal failed to reflect the intra-group nature of the transaction and did not include a future sell-on clause, despite Caprile later joining Cagliari in a deal reportedly worth around €8 million.

Napoli rejects allegations

In a statement, SSC Napoli said the value assigned to Caprile before the transfer was supported by an independent sworn appraisal and described the request to place Bari into judicial liquidation as “baffling”.

The club said Bari’s operating losses had been covered by the owners and that all parties were confident the matter would be resolved by the competent judicial authorities.

 

 

UEFA prepared to oppose Russia’s return to international football

UEFA is prepared to block the return of Russian teams to international football despite the International Olympic Committee’s provisional decision to lift the country’s suspension from global competition, according to The Guardian. The stance could put European football’s governing body at odds with FIFA, which has said it will review its position before deciding its next steps.

FIFA suspended Russian teams following the country’s invasion of Ukraine four years ago. While it has yet to announce any change, several national associations believe there is no realistic prospect of Russian sides being readmitted to European competitions or World Cup qualifying, which is organised by UEFA.

Leading associations, including those in England, Germany and France, remain opposed to Russia’s return. UEFA is also said to be wary of revisiting the backlash it faced after plans to reinstate Russian youth teams were abandoned three years ago.

FIFA reviewing position

FIFA president Gianni Infantino has previously indicated he would support Russia’s reintegration into international football. In February he said: “This ban has not achieved anything, it has just created more frustration and hatred.”

Any attempt by FIFA to restore Russia’s participation could still face resistance if European teams threatened to boycott the World Cup. The issue also risks deepening tensions between FIFA and UEFA.

Tuesday briefing: UEFA says FIFA ‘crossed a red line’ over Balogun ban decision

Back to overview

Tuesday briefing: UEFA says FIFA ‘crossed a red line’ over Balogun ban decision

IMAGO

IMAGO

7 July 2026 - 4:30 AM

UEFA has criticised FIFA’s decision to suspend the one-match ban imposed on United States forward Folarin Balogun following his red card against Bosnia and Herzegovina, describing the move as having “crossed a red line”.

The decision means Balogun remains eligible to face Belgium in the World Cup round of 16 despite receiving a straight red card in the previous match.

In a statement, UEFA said the automatic one-match suspension following a red card was mandatory under FIFA’s own regulations and did not require interpretation or approval by a disciplinary body. It said suspending the sanction for a one-year probationary period undermined the rules governing the competition.

“Football, like any other sports, relies on rules, which are the basis for fair, honest and transparent competition,” UEFA said, adding that the automatic suspension “is not a discretionary option”.

On Monday, US President Donald Trump confirmed he had called FIFA president Gianni Infantino last week to request a review of Balogun’s suspension.

Belgium appeal rejected

FIFA has also dismissed a challenge lodged by the Royal Belgian Football Association (KBVB) over Balogun’s eligibility.

FIFA’s appeals committee ruled the request inadmissible, saying the RBFA was not a party to the proceedings and therefore had no standing to appeal the decision.

The RBFA said it had yet to receive the reasoning behind FIFA’s decision or the documents it had requested, including the referee’s report. The federation added that it had informed U.S. Soccer it contests Balogun’s eligibility should he be included on the match team sheet, leaving “all further actions open”.

 

 

US fund agrees Granada CF takeover from Wuhan DDMC

Big League Advantage (BLA), the US investment firm led by former Major League Baseball player Michael Schwimer, have reached an agreement in principle to acquire Granada CF from Wuhan DDMC, according to Spanish media Ideal.

The deal would end the Chinese group's 10-year ownership of the Spanish club.

BLA will acquire the 98.13 per cent stake held by Wuhan DDMC, although the financial terms of the transaction have not been disclosed.

Schwimer is also a minority shareholder in Leeds United, with the proposed acquisition marking another investment in European football.

Leadership changes expected

The ownership change is also expected to bring changes to Granada's senior management. Ignacio Beristain, whose previous roles include Rio Ave, Estoril, Fanatics and Adidas, is the leading candidate to become the club's chief executive.

Wuhan DDMC took control of Granada a decade ago, overseeing a period that included the club's first qualification for European competition. More recently, however, Granada have faced sporting and financial difficulties, with the team spending much of last season battling to avoid relegation to Primera RFEF.

 

 

Mexican Christian Septien acquires Cádiz CF from Manuel Vizcaíno

Mexican investor Christian Septien has acquired Cádiz CF from Manuel Vizcaíno, ending the latter’s 12-year spell as owner and president of the Spanish second-tier club, the club have announced.

The transaction also brings to an end the holding structure through Locos por el Balón, the company through which Vizcaíno controlled Cádiz. Vizcaíno leaves after overseeing a period that included four consecutive seasons in LaLiga.

In March, Septien acquired a 10 per cent stake in Nomadar, Cádiz’s listed subsidiary, for US$5.4 million (€4.7 million). That investment was announced as funding for the club’s wider infrastructure plans.

New ownership follows earlier investment

According to previous club announcements, the capital injected into Nomadar is intended to support the JP Financial Arena project, formerly known as Sportech City. The planned development combines sport, technology and entertainment facilities in the Bay of Cádiz.

The funding is expected to cover planning, design, permitting and infrastructure work for the project.

Friday briefing: Volkswagen consider selling stakes in Bayern Munich and Stuttgart

Back to overview

Friday briefing: Volkswagen consider selling stakes in Bayern Munich and Stuttgart

IMAGO

IMAGO

3 July 2026 - 4:30 AM

Volkswagen are considering selling their minority stakes in FC Bayern Munich and VfB Stuttgart as part of a review of football-related investments, according to local media organisation Correctiv. The carmaker are assessing holdings owned through subsidiaries Audi and Porsche while carrying out a wider restructuring programme.

Volkswagen are reviewing Audi’s 8.3 per cent stake in Bayern Munich and Porsche’s 10.4 per cent holding in Stuttgart, alongside other football sponsorship agreements. The review forms part of broader cost-cutting measures at the company, which could result in up to 100,000 job losses.

A person familiar with the matter told Correctiv that Volkswagen intend to retain ownership of VfL Wolfsburg and their 20 per cent stake in third-tier club FC Ingolstadt 04, despite the wider review of football investments.

Existing partnerships under review

Audi have sponsored Bayern Munich since 2002 through their minority shareholding, while Porsche’s investment in Stuttgart is accompanied by a stadium naming-rights agreement that runs until 2033.

Any sale of the stakes could attract interest from industrial groups, private investors, private equity firms and sports funds. However, Germany’s 50+1 ownership rule, which keeps voting control with club members, has limited overseas private investment in the country’s professional football clubs.

 

 

Liverpool sporting director Richard Hughes expected to join Al Hilal

Liverpool FC sporting director Richard Hughes is expected to join Saudi Pro League club Al Hilal after the current transfer window, according to The Athletic. Hughes remains under contract at Liverpool until June 2027 and is continuing to oversee the club’s summer recruitment while supporting head coach Andoni Iraola during the market.

Hughes’s contractual position means this is expected to be his final transfer window at Liverpool before a transition period that would allow a successor to settle into the role at Liverpool. Al Hilal are said to be planning on Hughes arriving in due course.

Hughes joined Liverpool in March 2024 after being appointed by Liverpool owners Fenway Sports Group. Alongside Michael Edwards, the group’s chief executive of football, he led the process that resulted in Arne Slot’s appointment and oversaw Liverpool’s reported £449 million spend in the 2025 summer transfer window.

Hughes to follow Francis

The expected move follows Simon Francis’s appointment at Al Hilal after leaving Bournemouth. Francis, who succeeded Hughes as Bournemouth’s technical director, previously played alongside him and later worked with him in the club’s technical department.

Last month, Saudi Arabia’s Public Investment Fund sold a 70 per cent stake in Al Hilal to Kingdom Holding Company, valuing the club at €322 million. Al Hilal are managed by Simone Inzaghi and their squad includes players like Karim Benzema, Darwin Nunez, Ruben Neves and Kalidou Koulibaly.

Thursday briefing: Ipswich shareholder acquires Frosinone majority stake

Back to overview

Thursday briefing: Ipswich shareholder acquires Frosinone majority stake

Imago

IMAGO

2 July 2026 - 4:30 AM

Clara Vista Investment Partners, a shareholder in Ipswich Town, have completed the acquisition of an 80 per cent stake in Serie A club Frosinone Calcio. The transaction was confirmed at a Frosinone press conference, where president Maurizio Stirpe said the US investment group had injected liquidity into the club as part of the deal.

Stirpe said he would retain a 20 per cent shareholding and remain president for the next two years, while Rosario Zoino will continue as chief executive. He also confirmed that Clara Vista representatives Bob Gold, Charlie Lambropoulos and Wills Hapworth will join Frosinone’s board of directors.

Stirpe said Clara Vista would also acquire a 51 per cent stake in the company managing Frosinone’s infrastructure and that both parties would combine their respective expertise while avoiding operational overlaps.

Ipswich Town link

Earlier reports in the Italian media had suggested that Ipswich Town parent company Gamechanger 20 would become the new owner of Frosinone. However, it is Clara Vista Investment Partners that have secured the majority stake in the recently promoted Serie A club for a reported fee of €41.5 million.

Clara Vista is invested in Ipswich through Portman Holdings, the majority owner of Ipswich Town, as well as through a stake in Bright Path Sports Partners, a minority shareholder in the club.
 

 

Kretinsky considers £100 million loan to support West Ham rebuild

Daniel Kretinsky is considering providing West Ham United with a loan of about £100 million to help fund player recruitment following the club’s relegation from the Premier League, according to Bloomberg. The Czech billionaire recently agreed to increase his stake in the club to 43 per cent, making him West Ham’s largest shareholder once the deal is completed.

The proposed loan is intended to strengthen West Ham’s finances as they prepare for a season in the Championship. Bloomberg reported that the final size of any loan remains under discussion while representatives for both Kretinsky and West Ham declined to comment.

Kretinsky agreed in June to acquire shares from Vanessa Gold, daughter of the late David Gold. At the time, the club said the transaction would allow him to “provide the additional financing the club needs”.

Widening losses

The potential loan comes at a time where West Ham earlier this year reported pre-tax losses of £108.8 million for the year to 31 May 2025, up from £58.5 million a year earlier.

The club could receive a financial boost from a reported £85 million sale of Mateus Fernandes to Tottenham Hotspur, while further departures are expected. West Ham have also announced that more than 42,000 season tickets have been sold for the 2026/27 campaign.
 

 

Antwerp takeover talks continue after loan repayment deadline extended

Royal Antwerp owner Paul Gheysens has been granted extra time to repay a €10 million loan instalment to investment fund Fasanara, while negotiations over the ownership of the Belgian club continue, according to HLN. The original repayment deadline expired on 30 June, with failure to repay potentially allowing Fasanara to take control of the club.

HLN reported on Tuesday that a Belgian consortium led by former R.S.C. Anderlecht chairman Wouter Vandenhaute, and including former Antwerp captain Toby Alderweireld among its investors, is one of the leading candidates to acquire the club. Gheysens is also in discussions with foreign investors over a possible deal involving part or all of his shareholding.

Granting the extension, Fasanara is said to believe Gheysens could still reach an agreement to settle the outstanding debt, reported to total €35 million due by autumn.

Uncertainty affects club operations

The ongoing negotiations are also affecting Antwerp’s day-to-day operations. Chief executive Sven Jaecques is no longer officially employed by the club after his contract expired on 30 June, although he is expected to remain in charge if the Vandenhaute-led consortium completes a takeover.

The uncertainty has also delayed sporting decisions. Antwerp have yet to appoint a new head coach, while several player and loan contracts also expired at the end of June, leaving the squad significantly reduced ahead of the new season.
 

 

German police raid DFB offices in Euro 2024 ticket investigation

German police have searched the German Football Association (DFB) headquarters and other locations across the country as part of an investigation into alleged corruption linked to Euro 2024. The inquiry centres on claims that officials connected with host cities received unauthorised benefits, including match attendance and preferential access to tournament tickets, according to German media.

Prosecutors in Bochum and police in North Rhine-Westphalia said the investigation concerns alleged unauthorised favours received by an individual employed by a host city at the time of the tournament. They also said host cities were allegedly offered exclusive pre-purchase rights for tickets by officials from the organising entity.

The DFB confirmed that its headquarters in Frankfurt had been searched but said it was not the target of the investigation. It added: “The investigation concerns neither the DFB as an organisation nor any individual employees or officials.”

Investigation extends beyond DFB

German media reported that searches also took place at several city administrations, including Berlin, Hamburg, Cologne, Stuttgart and Munich, as well as at companies. More than 150 officers were said to have taken part in the operation, with investigators examining suspected bribery involving a German national and a French national.

Euro 2024 was staged across Germany in June and July 2024 by Euro 2024 GmbH, a joint venture between the DFB and UEFA. German media reported that investigators are examining whether thousands of tickets were improperly allocated and whether benefits including travel, accommodation and match tickets were provided to public officials.
 

 

Real Madrid distance themselves from new Liga F investment deal

Real Madrid have confirmed they will not participate in the investment agreement approved at Liga F’s general assembly on 29 June, becoming one of around a quarter of the competition’s members deciding not to join the deal.

According to Real Madrid, the agreement involving Pau Gasol's €55 million investment in the league, would provide funding in exchange for between 35 per cent and 49 per cent of Liga F’s future commercial revenues until June 2051. Clubs signing up to the deal will collectively receive €40 million in return for giving up a share of those revenues for the next 25 years.

The club said it believes the agreement does not fit its preferred model for developing women’s football. Real Madrid added that clubs choosing not to participate should not face different treatment or financial or institutional consequences.

Concerns over long-term impact

Real Madrid also questioned the long-term governance of the agreement, arguing that clubs joining Liga F in future would be bound by the model despite not taking part in the decision or benefiting from the initial funding distributed under the deal.

The club said Liga F will receive €12 million under the agreement, while a further €3 million will be allocated to acquire certain image rights from some players. Real Madrid added it would continue to support what it described as a fair, sustainable and transparent model for the growth of women’s football.

Wednesday briefing: UEFA fines 14 clubs for breaches of financial sustainability rules

Back to overview

Wednesday briefing: UEFA fines 14 clubs for breaches of financial sustainability rules

IMAGO

IMAGO

1 July 2026 - 4:30 AM

UEFA have sanctioned 14 clubs after concluding their financial sustainability assessments for the 2025/26 season, with Chelsea, Newcastle United, Aston Villa and Juventus among those fined for breaches of its regulations. UEFA assessed compliance with the football earnings rule and the squad cost rule.

Newcastle United, Juventus, OGC Nice, Santa Clara, FC Astana and FK Partizan were found to have breached the football earnings rule, assessed for the first time over a three-year period covering the financial years ending in 2023, 2024 and 2025. Juventus agreed a three-year settlement and face a total fine of €20 million, while Newcastle agreed a similar settlement with a €10 million fine.

UEFA said the settlement agreements require the clubs to meet annual targets and achieve full compliance by the end of the 2028/29 season. Failure to meet those targets could trigger additional financial or sporting sanctions, including restrictions on registering new players or exclusion from future UEFA competitions.

Squad cost breaches

Aston Villa, Chelsea, Newcastle United, Nottingham Forest, OGC Nice, RC Strasbourg, AEK Athens, Fiorentina and Fenerbahçe were also fined for exceeding the rule limiting squad costs to 70 per cent of revenue. Strasbourg with €25 million and Aston Villa with €22.5 million received the largest penalties and will face restrictions on List A player registrations for UEFA competitions in 2026/27.

FK Vardar Skopje were fined €250,000 after UEFA found the club had submitted incomplete financial information. UEFA said the North Macedonian club would face exclusion from the next UEFA competition for which they qualify if the same offence is repeated within the next three seasons.

 

 

LFP director general Arnaud Rouger resigns ahead of governance overhaul

Arnaud Rouger, director general of the French Ligue de Football Professionnel (LFP), has resigned and will leave his role in early September following the adoption of legislation that will transform the league into a club-owned company. According to L’Équipe, Rouger informed members of the LFP board of his decision on Tuesday.


In a message to board members, Rouger said the parliamentary approval of the sports governance bill made it clear that the LFP’s organisational structure would change in the coming months. He said the activities of both the LFP and its commercial subsidiary, LFP Media, would move into a new framework centred on the future club company.

Rouger said the reforms would “modify profoundly” the scope of his current responsibilities, adding that he believed “my mission was naturally coming to an end with the opening of this new stage”.

25 years at the LFP

Rouger has worked at the LFP for 25 years and has served as director general for the past six alongside president Vincent Labrune. In his message, he described the period as one marked by projects, crises and challenges, and thanked Labrune for his trust as well as board members for their support since September 2020.

He said he would continue overseeing the league’s work during the summer, including preparations for the 2026/27 season, before departing.

 

 

Prosecutors seek two-year prison terms for Udinese executives in Mandragora case

Prosecutors in Udine have requested two-year prison sentences for Udinese president Franco Soldati and vice-president Stefano Campoccia over the capital gains case linked to Rolando Mandragora’s transfer from Juventus, according to Calcio e Finanza.

The case relates to the 2018 transfer of Mandragora from Juventus to Udinese, which included a €20 million buy-back option. According to the prosecution, however, the clause was not a genuine option but concealed an irrevocable obligation for Juventus to re-sign the midfielder, who returned to the Turin club two years later.

Prosecutors argue that the structure of the deal enabled Udinese to record a capital gain of more than €3 million and resulted in Ires tax evasion exceeding €400,000. Soldati, Campoccia and Udinese face charges including false corporate communications, fraudulent tax declarations and Ires tax evasion, although the allegations differ between the defendants.

Defence seeks acquittal for Campoccia

Campoccia’s legal team requested an acquittal, arguing that no offence had been committed. Campoccia also serves on the FIGC Federal Council as Serie A’s representative alongside Juventus’ Giorgio Chiellini and Inter’s Giuseppe Marotta, with the body recently reconfirmed.

The positions of Soldati and Udinese will be discussed on 15 September, when the judge overseeing the preliminary hearing is also expected to deliver a ruling

 

 

CAF rejects proposal to expand Africa Cup of Nations to 28 teams

The Confederation of African Football (CAF) has rejected a proposal to expand the Africa Cup of Nations from 24 to 28 teams, according to The Guardian. The proposal, put forward by CAF president Patrice Motsepe earlier this year, would have applied from the 2028 tournament if approved.

The decision was taken following a round-robin vote of CAF’s executive committee, with two committee members, speaking anonymously, saying the proposal was rejected. One of the members said the expansion plan had been “soundly rejected” and described it as unnecessary.

A second executive committee member told The Guardian that Motsepe had presented the proposal without consulting the committee. CAF communications director Luxolo September said discussions on the future of the competition remain broader than a single issue, adding: “The conversation on the Caf Africa Cup of Nations format is an ongoing discussion within Caf.”

Format remains under discussion

September said CAF’s leadership has spent the past two years discussing ways to make its competitions, particularly the Africa Cup of Nations, “world-class”, describing the format debate as part of a wider review rather than a standalone proposal.

The next Africa Cup of Nations will be staged in Kenya, Uganda and Tanzania in June and July 2027.

Tuesday briefing: DAZN ordered to pay 85 per cent of Belgian TV rights fee

Back to overview

Tuesday briefing: DAZN ordered to pay 85 per cent of Belgian TV rights fee

Imago

IMAGO

30 June 2026 - 4:30 AM

An arbitration tribunal has ruled that DAZN must pay 85 per cent of the contractually agreed fee for the Belgian professional football media rights during the coming season, according to Nieuwsblad. The decision is an interim measure while a final ruling in the dispute between DAZN and the Pro League is pending.

DAZN terminated its agreement with the Pro League in November, arguing that it had been unable to secure a viable commercial arrangement with Belgium’s telecom operators. The Pro League challenged the move before arbitration body CEPANI, which previously ordered DAZN to continue broadcasting and paying under the existing contract.

The latest ruling reduces DAZN’s payment obligation compared with last season but rejects the broadcaster’s request to lower its payments to 60 per cent of the agreed amount. That outcome avoids a reduction of around €20 million for the league and its clubs.

Final ruling next year

The current measures apply only for the forthcoming season, with a final decision in the arbitration proceedings expected next year. DAZN’s media rights agreement with the Pro League runs until 2030 and is worth around €84 million per season.

Nieuwsblad added that the ruling is separate from the agreement DAZN reached last month with telecom operators Telenet, Proximus and Orange regarding the distribution of its channels.
 

 

Krause Group look to expand MCO as Casa Pia deal nears

Krause Group, owners of Parma Calcio, are close to acquiring Portuguese top-flight club Casa Pia as part of plans to expand their multi-club ownership model, according to Tuttosport. While no final agreement has been reached, negotiations with Casa Pia owner Robert Platek are described as being at an advanced stage.

The proposed deal follows earlier attempts by the US-based group led by Kyle Krause to invest in Portuguese clubs Paços de Ferreira and UD Leiria. Talks over both clubs ultimately failed to result in an agreement, despite reports that discussions over UD Leiria had progressed significantly. Krause Group is also the majority shareholder of USL League Two side Des Moines Menace.

Platek, the former owner of Spezia, is currently in talks with Krause Group over the transaction. Neither party has announced an agreement, but Tuttosport reports that contacts are continuing as negotiations move forward.

Portuguese expansion plans

Casa Pia retained their place in the Primeira Liga following the 2025/26 season and have built a reputation for recruiting and developing young players before selling them for a profit.

Club officials have previously indicated that any new investment should support long-term projects, including the planned redevelopment of the Pina Manique stadium.
 

 

AFE decide to file legal action after LaLiga mediation fails

The Association of Spanish Footballers (AFE) said it will file a collective dispute claim after failing to reach an agreement with LaLiga during mediation over the formation of the negotiating committee for a new collective agreement covering Spain's first and second divisions. The mediation took place on Monday at Spain's Interconfederal Mediation and Arbitration Service (SIMA).

The move follows AFE's request for mediation earlier this month, when it warned it would pursue legal action if no agreement could be reached.

The union said it had now decided to file the claim because LaLiga had refused to establish the negotiating committee in accordance with the 17th additional provision of Spain's Sports Law, which sets out which organisations are entitled to negotiate collective agreements for professional athletes.

AFE criticises LaLiga's position

AFE alleged that LaLiga was seeking to include a union that did not have the legal mandate to participate in negotiations because it had not received sufficient backing from players. The union said this was contrary to the requirements set out in the Sports Law.

According to AFE, the dispute is preventing negotiations on a new collective agreement that could include improvements to players' working conditions. The union said LaLiga's position was delaying the bargaining process and accused the league of disregarding the mandate given by players in the vote.
 

 

Swansea City announce Shamrock Capital investment partnership

Swansea City have announced a long-term strategic partnership with Los Angeles-based investment firm Shamrock Capital, securing fresh investment as the Championship club continues to expand its group of minority investors. The funding is intended to support the club's strategic priorities and future growth, with Shamrock participating in Swansea's future commercial projects.

The investment comes from Shamrock's Content Strategy, which focuses on cashflow-generating assets across the global media and entertainment sector. Swansea said the firm would also provide expertise and industry relationships across media, entertainment and sport as part of the partnership.

Nick Khoury, principal at Shamrock Capital, said about the investment: "We believe the club is exceptionally well-positioned to strengthen its commercial platform and expand its global fan base."

Series of investments

The deal follows a series of minority investments in Swansea involving high-profile figures including Snoop Dogg, Martha Stewart and Luka Modric. Controlling owners Brett Cravatt and Jason Cohen said Shamrock's experience across media, entertainment and sport would help the club achieve its strategic business objectives.

The club did not disclose the size of Shamrock Capital's investment or whether an equity stake was acquired.
 

 

Liga F approves commercial investment and launches new media rights tender

Liga F clubs have approved a commercial partnership with Gasol16 Ventures and Fortified Partners, while the competition is preparing to seek a new lead broadcast partner after agreeing to bring forward the end of its existing global rights deal with DAZN by one year. The developments were approved at the league's general assembly on Monday.

The assembly approved the entry of Gasol16 Ventures and Fortified Partners into the league's commercial business, with the group committing to invest €55 million over four seasons. Liga F described the arrangement as a commercial agreement aimed at supporting the competition's future growth.

Liga F has not disclosed whether the agreement will affect LaLiga's existing role as the commercial agency for the league's sponsorship rights. LaLiga committed €42 million over five years to support the launch of the professional competition in 2022, with one season remaining under that agreement.

Rights tender launching

The partnership runs until 2030 and is intended to support the professionalisation and international expansion of Liga F and its clubs. Further details are expected to be announced at a presentation on Tuesday.

Meanwhile, Liga F will launch a tender for its audiovisual rights in the coming days. According to 2Playbook, this follows an agreement reached with DAZN last summer allowing the league to add new broadcasters, with the original contract, signed in 2022, now due to end in 2026 instead of 2027. Liga F said its cumulative audience reached 7.5 million viewers in 2025/2026, up 11.2 per cent year on year.

Monday briefing: RedBird increase influence as Calvelli announced as new AC Milan CEO

Back to overview

Monday briefing: RedBird increase influence as Calvelli announced as new AC Milan CEO

Gerry Cardinale

IMAGO

29 June 2026 - 4:30 AM

AC Milan have appointed Massimo Calvelli as chief executive officer, with the executive taking over the role previously held by Giorgio Furlani as RedBird Capital Partners strengthens its direct involvement in the club's management.

The appointment was announced by AC Milan, with Calvelli also retaining his positions as CEO International of RedBird Development Group and Operating Partner at RedBird Capital Partners. Calvelli joined AC Milan's board of directors last year.

Founder and managing partner of Redbird Capital, Gerry Cardinale, said the appointment reflected the ambitions of the ownership. “The mandate is clear: we want to play to win, not play not to lose, in everything involving AC Milan, but especially on the pitch,” he said.

Executive role expands

Calvelli said his priority would be to improve the club's organisation, internal processes and operational execution after working closely with senior executives over the past year. He added that he had developed “a first-hand understanding of what needs to be improved and innovated”.

Before joining RedBird, Calvelli served as ATP chief executive from 2020 to 2025. He previously held international roles at Nike, Wilson Sporting Goods and Amer Sports before moving into sports investment and executive leadership.

 

Lyon and Marseille sanctioned by DNCG over financial controls

Lyon and Marseille have been handed sanctions by the DNCG, French football's financial watchdog, following its assessment of the clubs' budgets for the 2026/27 season. The measures were announced after both clubs reported substantial losses in recent years amid financial pressures affecting Ligue 1.

The clubs had been expected to face restrictions after the decline in domestic broadcasting revenues and their recent financial results. Lyon's failure to secure direct qualification for the UEFA Champions League group stage also affected the assumptions underpinning their budget submission.

The DNCG placed Lyon under supervision of their wage bill following the club's change of ownership. Marseille were also sanctioned, with the watchdog imposing oversight of both their wage bill and transfer activity.

Financial pressures remain

Both clubs are expected to generate player sales as they seek to improve their financial position ahead of the new season. Lyon have already agreed the sale of Afonso Moreira to Bayer Leverkusen in a deal worth €32m.

Marseille are also attempting to reduce costs through outgoing transfers, with Mason Greenwood among the players the club are seeking to sell. The DNCG announcement sets the financial framework under which both clubs will operate during the coming season.

 

Italian Senate receives football reform bill focused on youth development

A draft law aimed at reshaping Italian football has been submitted to the Italian Senate, proposing a series of financial and regulatory measures designed to encourage clubs to invest in youth development and improve long-term sustainability. The bill, first reported by Calcio e Finanza, was tabled by Senator Paolo Marcheschi of the Brothers of Italy party.

Among its proposals, the legislation would link part of Serie A's domestic broadcast revenue to clubs' investment in youth development, financial sustainability, infrastructure and the use of players developed in Italy.

At least 15 per cent of television rights income would be distributed according to those criteria, with an additional incentive for clubs that record balanced or profitable accounts over three consecutive financial years.

Incentives for domestic talent

The draft also proposes excluding 50 per cent of the costs associated with signing and employing Italian Under-23 players from financial sustainability calculations between the 2027/28 and 2031/32 seasons, provided those players meet minimum appearance requirements. The measure is intended to encourage clubs to recruit and develop young domestic talent.

Other measures focus on the transfer market. A guarantee fund administered through Italy's Institute for Sports Credit would cover unpaid transfer fees between Italian clubs, replacing the current requirement for bank or insurance guarantees in eligible domestic deals.

The bill also introduces a reverse-charge VAT system for transfers between Italian clubs, shifting responsibility for VAT payments to the buying club in an effort to simplify cash-flow management.

 

Newcastle face HMRC tax demand over historic player transfers

Newcastle United have been issued with a £3.2 million demand from His Majesty's Revenue and Customs (HMRC) after being named on the tax authority’s latest list of deliberate tax defaulters, according to The Guardian.

The amount comprises £1.9 million in unpaid tax and a penalty of £1.25 million relating to the period between April 2010 and April 2016.

The liability is linked to an HMRC investigation into player transfers conducted during Mike Ashley’s ownership. HMRC officers raided St James’ Park in 2017 as part of the investigation, which examined payments involving transfers and agents’ fees.

Court documents said HMRC alleged Newcastle had used “sham” contracts that concealed the true recipients of payments. A criminal investigation was discontinued in 2021, although HMRC continued civil proceedings concerning what it described as serious tax non-compliance.

Spokesperson responds

A spokesperson for St James Holdings Ltd, speaking on behalf of Ashley, said: “HMRC discontinued their criminal investigation prior to any charges being made. The new owners reached a civil settlement with HMRC. There was no finding of deliberate conduct by a court or Tribunal and no admission of deliberate conduct was made to HMRC.”

The club have been owned by Saudi Arabia’s Public Investment Fund since 2021.

Subscribe to Newsletter