Monday briefing: EFL clubs ‘concerned’ over independent regulator’s chairman appointment
Monday briefing: EFL clubs ‘concerned’ over independent regulator’s chairman appointment
IMAGO
28 April 2025 - 4:30 AM
English Football League (EFL) clubs have expressed concern over the appointment of David Kogan as the first chairman of English football’s new independent regulator, according to The Times.
Last Friday, the UK Government’s culture secretary Lisa Nandy confirmed the 67-year-old media rights executive as the preferred candidate for the position. However, clubs in the EFL, which governs the Championship, League One, and League Two, are reportedly concerned over Kogan, who previously served as a media rights advisor to the Premier League between 1998 and 2015, and who has worked “hand in glove” with former Premier League CEO Richard Scudamore.
The independent regulator, which will oversee the top five tiers of English men’s football, will aim to provide financial sustainability for clubs, as well as protecting their heritage, and allowing greater representation for fans.
In his new role, Kogan will be tasked with resolving a longstanding dispute between the Premier League and EFL regarding parachute payment made to relegated teams.
Clubs ‘surprised’ by Kogan’s appointment
As reported by The Times, some club executives were ‘surprised’ that Kogan was selected for the role.
In March, the UK Government had reportedly shortlisted three candidates for the position, which included former Aston Villa CEO Christian Purslow, and Sanjay Bhandari, the chairman of anti-discrimination organisation Kick It Out.
AC Monza enter takeover talks with US fund
Serie A side AC Monza are in talks with a US fund over a majority stake acquisition, as reported by La Gazzetta dello Sport.
According to Italian media, negotiations regarding a potential investment would see the group initially acquire a 65 to 70 per cent stake in the club, prior to completing a full takeover.
Incumbent CEO Adriano Galliani would reportedly remain in his role, in the event of a change in ownership.
Monza’s ownership
Since October last year, when Monza’s ownership confirmed that they had held talks over the club’s sale, a number of potential bidders have been linked to Torino, including American financier Mario Gabelli.
The club has been under the ownership of the family of former Italian prime minister Silvio Berlusconi since 2018, through their holding company Fininvest.
Parma Calcio post loss of €63.4 million for 2024
Serie A club Parma Calcio have revealed a loss of €63.4 million for the financial year ended 31st December 2024.
That figure marks a €17 million improvement compared to the previous year’s financial statements, following the team’s promotion to the Italian men’s top flight at the end of the 2023/24 season.
The club spent first six months of the accounting period in Serie B, and six months in Serie A, after making their return to the elite division.
Over the last year, Parma’s overall revenue rose by 43 per cent from €28.9 million to €41.5 million. The uptick in media rights revenue to reach €16.6 million was the main driver of this increase. Meanwhile, the club generated €9.3 million in sponsorship and commercial revenue.
No financial debt
Despite the overall loss, the club currently has no financial debt, with a liquidity index of 1.2, which is above the Italian Football Federation’s (FIGC) threshold of 0.7.
In a statement, Parma said that the club ended the financial year with a positive net equity of €20.1 million, due to the equity amount at the beginning of the year and its conversion into capital of €63.7 million, which was carried out by the club’s owner, Krause Group, during 2024. This contribution subsequently offset the Serie A side’s overall loss for the period.
Torino return to profitability for the first time in seven years
Torino have reported a profit of €10.4 million for the financial year ended 31st December 2024.
This marks a return to profitability for the Serie A club for the first time since 2017. Last year, Torino made a loss of €9.6 million. Over the last year, the club’s revenue increased from €101.1 million to €134.5 million, primarily driven by profit on player sales.
Torino’s costs meanwhile rose from €109.4 million to €114.8 million.
Torino’s revenue increase
The club’s overall turnover for 2024 includes €59.3 million in revenue from transfers and other income, of which €58.4 million is from capital gains. This is more than double last year’s figure of €24.8 million, of which capital gains accounted for €23.2 million.
Media rights revenue saw a slight decrease from €52.4 million to €48.5 million, while the club's sponsorship, commercial, and royalties revenue reached €16.6 million, up from €15.7 million last year.
Ajax and CEO avoid sanctions after investigation into insider trading
AFC Ajax and their CEO Alex Kroes will avoid any sanctions, following an investigation by the Dutch Authority for Financial Markets (AFM).
Last April, Ajax’s supervisory board suspended the 50-year-old over insider trading, alleging that he had purchased more than 17,000 shares in the Amsterdam-based club just one week before he was hired in August 2023.
Although the AFM revealed that it had ‘not established any violation’, the authority said it expects Ajax to ‘tighten its current and future practices’ in regards to the handling of insider information.
Club should have been ‘more diligent’
In a statement, Ajax said: ‘The AFM established that Kroes acted with insider information and issued a warning to him. The current director of football at Ajax, the AFM concluded, should have been more diligent in the summer of 2023 in complying with the laws and regulations concerning insider information.
‘Ajax and Kroes attach great importance to the fact that both investigations have been concluded and consider both matters settled following the discussions with the AFM.’