Monday briefing: EFL clubs ‘concerned’ over independent regulator’s chairman appointment

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Monday briefing: EFL clubs ‘concerned’ over independent regulator’s chairman appointment

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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.’

Friday briefing: Aston Villa to expand Villa Park to 50,000 seats

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Friday briefing: Aston Villa to expand Villa Park to 50,000 seats

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Rangers confirm ‘productive conversations’ over 49ers Enterprises-backed takeover

NBA coach Jason Kidd joins Everton’s ownership group

Media rights executive David Kogan set to become first chair of English football’s independent regulator

Crypto firm Tether increases investment in Juventus

25 April 2025 - 4:30 AM

Aston Villa plan to increase Villa Park’s capacity to 50,000 as part of a renovation of their home stadium, the club have announced in a statement.

Through the redevelopment project, the Premier League club will expand the venue’s North Stand from around 5,000 seats to a capacity of more than 12,000.

The renovation is set to be completed in 2027, ahead of the men’s UEFA Euro 2028 championship the following year, with Villa Park set to serve as a host venue during the tournament. Villa say that the stadium’s capacity will not be compromised at any point during the redevelopment process.

Upgraded Villa Park to generate £120 million per year for local economy

According to the club’s projections, the revamped North Stand will help increase Villa’s impact on the local economy to £120 million annually, with the expanded Villa Park set to attract more than 1.1 million visitors each year, and helping provide more than 1,700 jobs.

Plans to expand Villa Park’s capacity from 42,918 come at a time of significant success for the Birmingham club, who are aiming to qualify for the Champions League for a second successive year, and recently reported record revenue of £276 million for 2023/24.
 

 

Rangers confirm ‘productive conversations’ over 49ers Enterprises-backed takeover

Rangers have confirmed takeover talks with US investors over a potential takeover, in a statement shared with UK media.

The 55-time Scottish champions said that they have held ‘productive conversations’ with a US consortium, which includes US healthcare tycoon Andrew Cavenagh, and 49ers Enterprises, the investment arm of the NFL’s San Francisco 49ers.

Last month, Rangers reportedly agreed to a deal in principle that would see the 49ers Enterprises-led group acquire a 51 per cent controlling stake in the club.

Takeover expected to be finalised this summer

The Glasgow club have been engaged in talks with prospective investors since October, with the takeover set to be completed before the 2025/26 season.

49ers Enterprises also owns Leeds United, following a full £170 million takeover completed in 2023.
 

 

NBA coach Jason Kidd joins Everton’s ownership group

Jason Kidd, the head coach of the NBA’s Dallas Mavericks, has joined Roundhouse Capital Holdings, the ownership group of Premier League club Everton.

The 52-year-old becomes the second US investor to join the group this week, following US businessman Christopher Sarofim.

Roundhouse sits within The Friedkin Group (TFG), which completed a takeover of the Merseyside club last year, acquiring the 94 per cent majority stake previously held by Farhad Moshiri in a deal reportedly worth more than £400 million.

Potential for collaboration between Everton and the Mavericks

As reported by The Athletic, Kidd’s arrival comes as part of a plan to expand Everton’s fanbase within the US and could also open up scope for potential content collaborations between the English club and NBA franchise.

In November, English media reported that Jason Kidd was involved with a US consortium bidding for Eagle Football Holdings’ 45 per cent stake in Crystal Palace. However, the offer did not meet Eagle’s valuation.

 

 

Media rights executive David Kogan set to become first chair of English football’s independent regulator

UK media executive David Kogan is set to be named as the first chair of English football’s new independent regulator, according to The Athletic.

The 67-year-old has been identified as the leading candidate for the position, mainly due to support from UK prime minister Sir Keir Starmer. Throughout his career, Kogan has worked with a number of sports organisations, including the Premier League and the English Football League (EFL).

Plans for an independent regulator, which will oversee the top five tiers of English men’s football, are currently passing through parliament under the Football Governance Bill.

Next steps

The announcement of Kogan’s appointment could come from the UK Government’s Department of Media, Culture and Sport (DCMS) already today or Monday.

Following approval, he is then set to face a number of UK members of parliament (MPs) in a confirmation hearing in May.
 

 

Crypto firm Tether increases investment in Juventus

Cryptocurrency firm Tether has increased its investment in Juventus to more than ten per cent.

Tether initially invested in the Serie A club in February, acquiring a 8.2 per cent stake in the 36-time Italian champions.

Further details of the company’s latest investment in Juventus were not revealed, however the firm expressed interest in future equity funding of the club, and said it is exploring the prospect of an ‘integrated and unified board of directors’.

Investment represents “long-term collaboration”

Paulo Ardoino, CEO of Tether, said: “This investment is not just financial - it’s a commitment to innovation and long-term collaboration."

As a result of increasing their stake to ten per cent, Tether now holds 6.2 per cent of the voting rights.
 

Thursday briefing: US investor Christopher Sarofim joins Everton’s ownership group

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Thursday briefing: US investor Christopher Sarofim joins Everton’s ownership group

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LaLiga clubs break record and exceed €5 billion in revenue

Spezia Calcio sold by FC32 two months after takeover

Leeds United’s stadium development plans approved by city council

24 April 2025 - 4:30 AM

US investor Christopher Sarofim has joined Everton’s ownership group, Roundhouse Capital, the Premier League club have announced.

The 62-year-old will serve as a Board Observer at the Merseyside club, which was acquired by the Friedkin Group (TFG) last December in a takeover deal that was reportedly worth more than £400 million.

Sarofim, who has more than 40 years of experience in investment and fund management, is also a minority shareholder in NFL franchise the Houston Texans. According to the Guardian, Everton’s new owners are looking to bring in additional investors who will bring specific skillsets and contacts.

New investor to bring “experience, sound judgement, and wisdom”

Friedkin Group chairman and CEO, Dan Friedkin, said: “Christopher Sarofim is someone I have known and respected for many years. He brings experience, sound judgment and wisdom that will be valuable as we continue to drive the Club forward in all areas.”

Sarofim added: “I’m delighted to have the opportunity to join the ownership group of Everton - an historic sporting institution with a very exciting future."
 

 

LaLiga clubs break record and exceed €5 billion in revenue

LaLiga has reported ​total normalised revenue of €5.05 billion for the 42 clubs in Spain’s top competitions for the year ended 30th June 2024.

This marks a 3.2 per cent increase over the last year, but at the same time the clubs posted a net loss of €241.9 million compared to a profit of €244.2 million in 2022/23.

Throughout the 2023/24 season, LaLiga recorded its highest ever total attendance of 16 million spectators, with an average occupation rate of 75.4 per cent.

LaLiga clubs’ combined debt rises

Despite LaLiga’s growth in normalised revenue for the 2023/24 season, the combined debt of the 20 clubs in the first tier of the organisation increased to €6.43 billion.

This marks the league’s highest consolidated gross financial debt in six years, and is almost double the €3.4 billion figure posted for the 2019/20 season.
 

 

Spezia Calcio sold by FC32 two months after takeover

Italian club Spezia Calcio have revealed US businessman Thomas Roberts as their new owner, after acquiring the club through RAM Spezia Holdings LP.

This marks the second change in ownership for the Serie B club this year, following a takeover by FC32 in February. Spezia had previously been owned by US businessman Robert Platek since 2021.

FC32, a multi-club ownership group led by Australian Paul Francis, recently withdrew its financial commitment from Austrian side SKN St. Pölten and Irish club Cobh Ramblers. With the sale of Spezia, FC32 no longer holds ownership of any clubs, bringing their multi-club venture to an end just 11 months after acquiring SKN St. Pölten.

New ownership announces revamped board of directors

Following Spezia’s latest takeover, board member Charlie Stillitano is set to become the new president of the club’s board of directors. The American previously worked as general manager of MLS’ New York/New Jersey MetroStars (now New York Red Bulls).

Andrea Corradino will serve as Spezia’s new vice president, with Andrew Gazzoli confirmed as the club’s new CEO.
 

 

Leeds United’s stadium development plans approved by city council

Two key recommendations of Leeds United’s plans to expand the club’s Elland Road home have received unanimous approval from Leeds City Council’s executive board, with the club aiming to increase the stadium’s capacity from 37,890 to 56,000.

The Yorkshire club, saw the recommendations given the green light by the council on Wednesday, as reported by The Athletic, only days after securing promotion to the Premier League. The first recommendation involves the club purchasing the land behind the venue’s Don Revie and John Charles stands to expand the stadium, where Leeds have played since the club’s inception in 1919.

The second includes an agreement to enter a memorandum of understanding (MoU), between the council and Leeds’ development partner, Lowy Family Group (LFG).

Stadium expansion part of a “brighter future”

James Lewis, leader of Leeds City Council, said: “The regeneration of the Elland Road area represents one of the city’s most exciting development opportunities for a generation, which would revitalise a huge area of Leeds and potentially bring hundreds of millions of pounds into our local economy.

“Leeds United are a Premier League side in a Premier League city and today is a key moment in moving towards a better, brighter future for the club, the fans and sport in Leeds.”
 

Wednesday briefing: Man City and Premier League set for October trial over latest APT rules challenge

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Wednesday briefing: Man City and Premier League set for October trial over latest APT rules challenge

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UEFA distributes record €233 million to clubs for releasing players for national team competitions

Italian Government set to approve new Sports Decree to unlock up to €5 billion for stadiums

Schalke 04 faces potential points deduction due to financial struggles

23 April 2025 - 4:30 AM

Manchester City’s second challenge against the Premier League’s Associated Party Transaction (APT) rules will result in a legal trial in October, according to Sky Sports.

In February, City won their initial legal case against the English top flight over its APT regulations, which were declared ‘void and unenforceable’ by an arbitration tribunal.

In City’s latest case against the Premier League, the current champions are now claiming that other teams have an unfair competitive advantage due to shareholder loans from their owners. The hearing in October will likely last around two weeks.

City’s ongoing dispute over APT rules

First introduced in 2021 following the Saudi-backed takeover of Newcastle United, the APT regulations were brought in in order to ensure that commercial partnerships between clubs and companies linked to their owners were of fair market value.

In 2023, the Premier League blocked City from signing new agreements with Etihad Airways and First Abu Dhabi Bank - which both have ties to the club’s ownership - deeming that the deals were not of fair market value, thus breaching the APT rules.

 

 

UEFA distributes record €233 million to clubs for releasing players for national team competitions

UEFA has allocated a record figure of €233 million to clubs for releasing players for European national team competitions between 2020 and 2024.

Through the UEFA 2024 Club Benefit Programme, 901 teams from 55 national associations were allocated funds for releasing players to compete in the Nations League, European championship qualifiers, and last year’s men’s UEFA Euro 2024 championship.

Manchester City received €5.2 million from the UEFA, the most of any club, followed by Real Madrid and Inter Milan, who received €4.8 million and €4.7 million respectively.

“When football thrives, everyone benefits,” says UEFA president

“It is fantastic to see clubs of all sizes and levels, across the entire football pyramid, receiving financial rewards for their vital role in developing players who contribute to the success of our national team competitions - including the highly successful UEFA Euro 2024 final tournament,” said UEFA president Aleksander Čeferin.

“Every success of our competitions is a shared one, and this benefits programme is another testament to that principle, recognising the dedication of those who work tirelessly to make European football the greatest sport in the world. When football thrives, everyone benefits.”

 

 

Italian Government set to approve new Sports Decree to unlock up to €5 billion for stadiums

The Italian Government is set to approve a new Sports Decree, which will open up between €4.5 billion and €5 billion for football stadium developments, as reported by II Sole 24 Ore.

The new decree, which is backed by Italy’s Minister of Sport and Youth Andrea Abodi, is intended to accelerate the construction and renovation processes for venues that have been delayed.

This comes ahead of the men’s UEFA Euro 2032 championships, which will be held in Italy and Turkey.

In total, the stadium development projects will cost between €7 billion and €10 billion, according to the Italian Government’ projections. This includes plans for the new San Siro, the proposed new home of AC Milan and Inter Milan, which is expected to cost up to €1.5 billion.

“Time is of the essence,” says Italy’s sports minister

“This is to respond to a need that is that of 2032, which is brought forward to 2026 for the definition of the five Italian stadiums,” Abodi said.

“UEFA has set a deadline of April-May 2027 for the construction to be underway, under the threat of withdrawal of the allocation. Therefore, time is of the essence.”

 

 

Schalke 04 faces potential points deduction due to financial struggles

Schalke 04 are facing the possibility of a points deduction if it fails to improve its negative equity by five percent within this calendar year.

The club announced on its website that they have received their license for the 2025/26 season of the 2. Bundesliga as expected. However, there is a stipulation that requires an improvement in their financial situation to avoid a penalty in the 2026-27 season.

The club acknowledges that meeting the five percent equity improvement target will continue to be a significant challenge in the future.

"Major challenge"

Christina Rühl-Hamers, a member of the club's board, commented on the situation, stating.

"In the calendar year 2024, we managed to meet the equity rule, even though it was a great achievement for Schalke 04. Improving equity by five percent will continue to be a major challenge for us in the future."

Currently, Schalke 04 is positioned at 13th place in Germany's second-tier league. The club's financial health and performance on the pitch remain critical areas of focus as they work to meet regulatory requirements and maintain their competitive status in the league.

Tuesday briefing: Miller family acquires controlling stake in Real Salt Lake

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Tuesday briefing: Miller family acquires controlling stake in Real Salt Lake

Real Salt Lake

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English clubs warned over rising security costs amid new UK Government legislation

FIFA ‘yet to secure’ tax exemption for teams participating in Club World Cup

Premier League clubs charging up to £1,800 for mascot experiences

22 April 2025 - 4:30 AM

The Miller family and Miller Sports + Entertainment (MSE) have acquired a controlling stake in RSL Holdings, the owner of MLS club Real Salt Lake (RSL) and NWSL team, the Utah Royals.

The deal is worth $600 million according to The Athletic, and also includes America First Field and Zions Bank Stadium, the respective home stadiums of the MLS and NWSL franchises, as well as the Zions Bank training facility.

In 2022, RSL were subject to a reported $400 million takeover led by David Blitzer, the US businessman who is an investor in Crystal Palace, FC Augburg and other European football clubs.

The Miller family have a longstanding connection with the US state of Utah, having previously owned the Utah Jazz for 35 years, until selling the franchise in 2020 for $1.6 billion.

RSL and Utah Royals “in great hands"

“We couldn’t be more excited to welcome the Miller family into the Club,” Blitzer said. “Our sports teams are best when we have a strong, local partner, and Miller Sports + Entertainment will truly enable Real Salt Lake Holdings to accomplish our visionary goals.”

MLS commissioner, Don Garber, added: “The future of Real Salt Lake is in great hands with the Miller organization and David Blitzer. “Together, this group is perfectly positioned to strengthen the club and grow soccer in Utah and the region.”

 

English clubs warned over rising security costs amid new UK Government legislation

English football clubs have been warned against security firms looking to exploit new legislation, which is intended to safeguard venues from potential terrorist attacks, according to Mail Online.

Martyn’s Law, which is named after Martyn Hett, a victim of the Manchester Arena attack in 2017, will take effect within the UK over the next two years, and will mandate that public venues with a capacity of 800 or more implement more thorough security measures.

As revealed by Mail Online, the English Football League (EFL), which governs the Championship, League One, and League Two, has written to its member clubs to warn them about ‘committing to further expenditure’, amid rising security costs as a result of the new legislation.

Premier League and EFL to collaborate

Over the next two years, the Premier League and EFL will reportedly both work with clubs to ensure that they are compliant with the new regulations.

The UK Government’s Home Office will publish statutory guidance in order to help clubs understand how they can comply with the new legislation.

 

FIFA ‘yet to secure’ tax exemption for teams participating in Club World Cup

FIFA and US authorities have yet to finalise a tax exemption for the 32 teams participating in this year’s Club World Cup, according to The Guardian.

Clubs taking part in the tournament, which will be held in the US between 14th June and 13th July, could reportedly receive tax bills worth ‘tens of millions of dollars, if FIFA is unable to secure these agreements before it kicks off.

FIFA also has to circumvent he challenge of different tax rate across US states. Paris Saint-Germain could reportedly be one of the clubs most heavily impacted by this, with the Ligue 1 champions set to play two of their three group stage fixtures in Los Angeles. By contrast, Florida, where matches will be staged in Miami and Orlando, has no state income taxes.

FIFA’s $1 billion prize purse

As announced by FIFA last month, this year’s Club World Cup will include a record prize fund of $1 billion. Meanwhile, each of the 11 host cities will receive a $1 million legacy payment from football’s global governing body.

The winner of this year’s competition will earn up to $125 million, with FIFA tageting $250 million in solidarity payments to club football globally.

 

Premier League clubs charging up to £1,800 for mascot experiences

Premier League clubs are charging parents up to £1,800 plus VAT for their children to be mascots at matches, as reported by The Telegraph.

The UK newspaper lists a number of clubs that are reportedly charging fees for the mascot experience, including Nottingham Forest, whose packages are priced at between £1,200 and £1,800, as well as Brighton, Ipswich Town, and West Ham United.

The Telegraph says that the cost of mascot packages has risen by 157 per cent since 2020, however some clubs such as Aston Villa have abandoned fees, with West Ham United lowering their costs since then.

Forest and Brighton defend mascot fees

Nottingham Forest and Brighton have both claimed that for each game, numerous mascot places are provided for free, through community initiatives.

Forest said in a statement: "On a match-day, Nottingham Forest invite a minimum of two match mascots, with one of these being a participant invited from our Community Trust programmes and offered free of charge, and the other as part of a hospitality package which we can't put a price on as it is sold as a wider package."

Thursday briefing: Premier League updates PSR rules following Leicester City legal battle

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Thursday briefing: Premier League updates PSR rules following Leicester City legal battle

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Takeover of Vitesse Arnhem ‘under pressure’

A-League Men to introduce $3 million salary cap from 2026/27

FIFA president Infantino confirms plans for LAFC vs Club América playoff

17 April 2025 - 4:30 AM

The Premier League has confirmed a change to its Profit and Sustainability Rules (PSR), after losing its legal battle to Leicester City.

Last September, Leicester won an appeal against the league, after initially being charged for breaches of the English top flight’s PSR regulations. Leicester made collective losses of £215.3 million between 2020 and 2023, which is more than double the PSR limit of £105 million over a three-year period.

However the club were able to avoid any sanctions from the Premier League, after an independent commission deemed that the league’s PSR were not applicable, as Leicester had been relegated to the Championship at the end of the 2022/23 season.

The Premier League’s updated rules

As per the Premier League’s handbook for 2024/25, which was published on 11th April, the division will now retain the right to sanction clubs that have been relegated.

In the latest rules, clubs are prohibited from losing more than £35 million annually in the top flight, or £13 million for every year in the English Football League (EFL) competitions, which include the Championship, League One and League Two.

The latest regulations additionally state that the league’s board can also impose sanctions from the EFL on teams that have been promoted to the Premier League.
 

 

Takeover of Vitesse Arnhem ‘under pressure’

The takeover of Dutch club Vitesse Arnhem is now ‘under pressure’, according to regional publication de Gelderlander.

In January, Vitesse announced that five foreign investors had taken over the club, replacing their previous owner, US investment firm the Common Group.

However, the five new shareholders, whose identities have not yet been revealed by the club, have not provided necessary information for the Royal Dutch Football Association (KNVB) licensing committee.

The five investors and Vitesse have reached a 'dead end', due to their repeated attempts to circumvent the KNVB's licensing committee. The new owners are reportedly trying to bypass the KNVB's approval process by acquiring minority shares, with each one worth less than 25 per cent, in order to exploit a loophole.

Vitesse’s struggles continue

After recently receiving a three-point penalty, Vitesse are reportedly facing further sanctions, and could even potentially have their professional license revoked.

Last season, the club were handed an 18-point deduction, the highest in the history of Dutch football, for multiple breaches of the KNVB’s licensing regulations, and were subsequently relegated from the Eredivisie to the Eerste Divisie second tier division.

In November, Vitesse received a further 21-point sanction from the KNVB's licensing committee, marking their third point deduction penalty.
 

 

A-League Men to introduce $3 million salary cap from 2026/27

Australia’s A-League Men is set set to impose a new hard salary cap of $3 million from the 2026/27 season, the Australian Professional Leagues (APL) has announced in a statement.

The move comes as part of a strategy to bolster financial sustainability within Australian football’s top flight.

The A-League Men, which currently has a soft cap of $2.55 million, will include a ‘hard cap trial’ of $3.5 million next season. Clubs that breach the hard cap during the 2026/27 campaign will face financial and sporting sanctions.

New structure to support “competitive balance”

Reflecting on the latest reforms within Australian football, the APL’s executive chair Stephen Conroy said: “We are doubling down on strategies that are already working; investing in our product and highlighting our fantastic homegrown talent.

“The implementation of these reforms over the coming years is designed to ensure a competitive balance and to build long term foundations for growth that helps unlock the full revenue potential of each club.”
 

 

FIFA president Infantino confirms plans for LAFC vs Club América playoff

FIFA president Gianni Infantino has confirmed plans for a playoff fixture between LAFC and Club América, in order to qualify for this year’s Club World Cup.

In March, Mexican team Club Leon were ejected from the tournament, after breaching FIFA’s multi-club ownership regulations, as Leon share the same owner, Grupo Pachuca, as CF Pachuca, who also qualified for the competition.

Earlier this month, Club Leon launched an appeal against FIFA’s decision, which was filed with the Court of Arbitration for Sport (CAS).

Infantino’s comments

“In a couple of weeks we will have the final and definitive decision, we will respect any decision,” Infantino told reporters earlier this week, on Club Leon’s ongoing appeal.

“What we are looking at is that, if CAS confirms the decision of the Appeals Committee, FIFA's intention is to play a match, a playoff, between the team that lost the final of the CONCACAF Champions League, LAFC, and the next team in the ranking, which is América.”

Wednesday briefing: DAZN rejects proposal to end Ligue 1 broadcast deal

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Wednesday briefing: DAZN rejects proposal to end Ligue 1 broadcast deal

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Brentford's owner acquires Spanish club Mérida AD

Premier League clubs spent more than £400 million on agent fees in 2024/25

MediaPro challenges LaLiga’s new production deal with HBS and TSA

Ex-Manchester United football director John Murtough joins Atalanta

16 April 2025 - 4:30 AM

DAZN has rejected the French Professional Football League's (LFP) proposal to terminate its Ligue 1 domestic broadcast rights partnership at the end of the 2024/25 season.

During a meeting held by LFP on 15th April, Ligue 1’s board of directors agreed to end the contract at the end of the current campaign.

As reported by RMC Sport, the proposal included a termination fee of between €110 million and €125 million, which would be paid to the LFP.

UK-headquartered DAZN initially signed a five-year agreement worth a reported €400 million annually to become the exclusive domestic broadcaster for Ligue 1 matches until 2029.

DAZN’s ongoing dispute with the LFP

In February, DAZN withheld half of its monthly payment to LFP, and also initiated legal action, seeking €573 million in compensation pertaining to alleged ‘contract breaches’ and 'market dishonesty’.

Although DAZN would later agree to pay the outstanding fee and dropped its legal case, the Paris Commercial Court would later appoint a mediator to help resolve the ongoing dispute.

After DAZN rejected the proposed termination fee LFP Media put out a short statement noting the failure of the mediation stating that 'The contract binding the parties remains in force and LFP MEDIA expects its partner to fully fulfill all of its obligations'.

The next payment by DAZN is due 30th April.
 

 

Brentford's owner acquires Spanish club Mérida AD

Best Intentions Analytics (BIA), the holding company that now owns Premier League club Brentford, has confirmed a full takeover of third tier Spanish side Asociación Deportiva Mérida.

Under the agreement, BIA will acquire 100 per cent of the Mérida AD’s shares, replacing Mark Heffernan, who had been the club’ majority owner since 2021.

Matthew Benham has been Brentford’s controlling shareholder since 2012, but with the recent acquisition of Mérida, Best Intentions Analytics is now listed as the majority owner of the club. Benham is identified as the person with significant control (PSC) of BIA.

Benham’s ownership

During his tenure, the 56-year-old has presided over a period of success for the club, which have risen from League One to the Premier League. Benham’s investment also helped fund Brentford’s Gtech Community Stadium, which has been home to the team since 2020.

The deal to buy Mérida AD marks Benham’s latest ownership venture, after the entrepreneur previously served as the majority owner of Danish club FC Midtjylland from 2014 to 2023.
 

 

Premier League clubs spent more than £400 million on agent fees in 2024/25

Premier League clubs have spent a combined £409.1 million on agent fees during the 2024/25 season, the English Football Association (FA) has revealed.

For a second successive year, Chelsea spent the most of any Premier League team on agent fees, accounting for £60.4 million. Manchester City and Manchester United finished second and third on the list for the second year running, spending £51.1 million and £33 million respectively.

Championship clubs spent a combined £63.2 million on agent fees, compared to League One’s expenditure of £7.6 million, League Two’s total of £2.7 million, and the National League’s figure of £953,000.

Chelsea also lead WSL in agent costs

In the women’s game, Chelsea spent £623,000 on agents over the last year, which was the most of any WSL club. That figure is worth almost triple the amount of second-placed Arsenal, who spent £223,000 by comparison.

Overall, WSL clubs spent a combined £2.2 million on agent fees, which is almost a ten-fold increase on the Women’s Championship’s total spending of £286,000.
 

 

MediaPro challenges LaLiga’s new production deal with HBS and TSA

Spanish production company Mediapro is challenging LaLiga’s new broadcast production rights partnership with HBS and TSA.

Earlier this week, Spain’s top flight revealed the new five-year agreement, which will see the two companies replace MediaPro from the start of the 2025/26 season.

This will end MediaPro’s longstanding collaboration with the Spanish top-flight, which spans more than 20 years.

MediaPro’s response

In a statement on 14th April, MediaPro blasted LaLiga’s ‘outrageous’ new partnership with HBS, highlighting the Swiss company’s lack of a ‘technical facility’ within Spain.

MediaPro also criticised LaLiga’s production rights tender process, which it described as ‘characterised by secrecy and a lack of transparency’, and said the company will ‘consider any possible challenge to the decision’.

 

 

Ex-Manchester United football director John Murtough joins Atalanta

Atalanta have hired former Manchester United football director John Murtough as the Serie A club’s director of global development, the Italian club have confirmed.

The 54-year-old will start his role with immediate effect, reporting to Atalanta’s sporting director Tony D’Amico.

The Bergamo-based club say the Englishman’s appointment will help strengthen an area that aims to further develop its international vision.

Manchester United tenure

Murtough spent more than 10 years in Manchester between 2013 and 2024, becoming United’s first ever football director in 2021. He left the club in the spring last year shortly after Sir Jim Ratcliffe's investment in the club had been completed.

Previously, he also worked at the Premier League, Everton, Fulham and Coventry City.

Tuesday briefing: Dubai-based investment fund interested in Toulouse takeover

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Tuesday briefing: Dubai-based investment fund interested in Toulouse takeover

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Luka Modric to become part-owner of Swansea City

European Leagues president calls for “detailed study” on impact of FIFA’s new competition schedules

LaLiga names HBS and TSA as new production partners

MLS considering shifting calendar to align with international leagues

Celta Vigo get approval for new ‘sports city’ project

15 April 2025 - 4:30 AM

The Dubai-based, World Gate Investments (WGI), is looking to take over French club Toulouse, according to L’Équipe.

Toulouse are currently owned by US private equity firm RedBird Capital Partners, who acquired an 85 per cent majority stake in the club back in 2020.

RedBird, which also owns AC Milan, reportedly considered selling the club in 2023, after they were disqualified from the Europa League, due to a breach of UEFA’s multi-club ownership rules.

Takeover ‘within our capabilities’ say WGI

In a statement to L’Équipe, WGI said that the group had ‘made inquiries’ regarding a potential takeover, and confirmed that they are currently ‘in discussions’ with RedBird.

WGI continued: ‘The conditions seem interesting to us. It’s within our capabilities.’

 

 

Luka Modric to become part-owner of Swansea City

Real Madrid and Croatia star Luka Modric has acquired a minority stake in Swansea City, the club have confirmed in a statement.

The move will see the 39-year-old join the Championship club’s existing ownership group, which includes Andy Coleman, Brett Cravatt, Nigel Morris and Jason Cohen.

Last month, Swansea reported a pre-tax loss of £15.2 million in their financial statements for the 2023/24 season, which was up by £2.7 million on the previous year’s figure of £17.9 million.

The latest Real Madrid player to become a part-owner

The minority stake acquisition would mark Modric’s first investment into a football club.

Modric’s team mate, Vinicius Junior, recently became a part-owner of Portuguese club FC Alverca, while another Real Madrid star, Kylian Mbappe, acquired a stake in French second tier side State Malherbe Caen last year.

 

 

European Leagues president calls for “detailed study” on impact of FIFA’s new competition schedules

The newly elected president of the European Leagues, Claudius Schäfer, has called for a “detailed study” into the impact of FIFA’s new competition schedules.

During a board of directors meeting, the first since Schäfer’s appointment in March, the organisation’s board discussed the governance of international football, citing a conflict of interest between FIFA’s role as a governing body, while simultaneously organising its own competitions.

Schäfer, who has served as CEO of the Swiss Football League (SFL) since 2011, reiterated this stance, sharing concerns over FIFA’s regard for domestic leagues.

Schäfer’s comments

“The expansion of international club competitions has made this season a game-changer for football in which the competitive balance and future health of the domestic game are challenged,” Schäfer said.

He also cited the “distortive impact” of the increase in prize money in international competitions on the “competitive balance” of the domestic game.

“We are therefore calling on FIFA to compile a detailed study, in partnership with stakeholders across the game, that analyses the impact of their expanded competitions on the development of domestic football,” Schäfer added.

 

 

LaLiga names HBS and TSA as new production partners

LaLiga has signed an agreement that designates Host Broadcast Services (HBS) and TSA as the league’s audiovisual partners until 2030.

Under the five-year deal, the two companies will replace MediaPro as the Spanish top flight’s host broadcaster from the start of the 2025/26 season.

LaLiga opened its tender process for five audiovisual production lots last September, of which three have been awarded to HBS, while the fourth lot was acquired by TSA. The fifth lot, which covers content generation, has not been allocated.

HBS CEO reflects on new LaLiga deal

“We are very proud of our track record globally, and entering a new territory and partnership with such an esteemed client is an exciting opportunity,” said Dan Miodownik, CEO of HBS.

“Along with NVP, we look forward to working with LaLiga to bring innovative and engaging coverage to audiences over the coming years.”

 

 

MLS considering shifting calendar to align with international leagues

MLS is exploring the possibility of shifting its calendar in order to align with other international football leagues, the elite US division has confirmed.

The league is also evaluating its current regular season and playoff formats.

At present, the MLS season runs from February to October, in contrast to the August to May schedule adopted by the majority of European leagues.

Changes would not take place before 2027

In a statement, MLS said the next stage of the process will involve consultation with key stakeholders, as well as the development of a transition plan.

Any potential changes to the league’s schedule or format would not kick in until 2027 at the earliest.

 

 

Celta Vigo get approval for new ‘sports city’ project

RC Celta Vigo’s project to build a new sports city has received the green light from the Regional Government of Galicia, which approved the Spanish club’s Project of Autonomous Interest (PIA).

Plans for the Afouteza Sports City – GS360 project were first unveiled in January.

Aiming to drive youth football development, Celta are intent on building a multi-purpose complex that will include a mini stadium, five training pitches, and a new training centre, as well as accommodation.

Two years in the making

Following approval, the club are now able to begin work on the new development immediately.

Celta have collaborated with the regional government over the last two years, in order to bring this project to fruition.

Monday briefing: Spurs name former Arsenal executive Vinai Venkatesham as new CEO

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Monday briefing: Spurs name former Arsenal executive Vinai Venkatesham as new CEO

Vinai

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DFL and Adidas ‘in talks’ over €100 million deal

Lyon owner John Textor being sued for €6.8 million

Conmebol proposes 64-team World Cup from 2030

US Soccer settles long-standing antitrust lawsuit with Relevent

FC32 ends financing of Austrian club SKN St. Pölten

14 April 2025 - 4:30 AM

Tottenham Hotspur have confirmed Vinai Venkatesham as the club’s new CEO.

Venkatesham previously held various executive roles at rivals Arsenal during a 14-year tenure at the club, including the CEO position between 2020 and 2024. He also serves as chair of the Wembley Stadium Advisory Board, as well as being a non-executive director of the British Olympic Association.

Venkatesham was reportedly shortlisted for Newcastle United’s next CEO position, and rejected multiple offers from other clubs prior to joining Spurs.

Daniel Levy hails “crucial” appointment

“The club has experienced significant growth in recent years, making it crucial to expand our executive management,” said Daniel Levy, executive chairman at Spurs.

“I have known Vinai for many years, having worked together in the Premier League and the ECA. I am personally delighted that he has agreed to join our board as we build for success.”

 

DFL and Adidas ‘in talks’ over €100 million deal

Adidas and the German Football League (DFL) are in advanced talks over a new strategic partnership, which would see the sports brand invest €100 million into the Bundesliga, according to Bild.

In March, Adidas secured a four-year deal with the DFL to become the match ball supplier for German football’s top two tiers, the Bundesliga and the Bundesliga 2.

Bild reports that that deal, which kicks in from the 2026/27 season, is worth €20 million over its duration.

The investment agreement could reportedly include additional rights, or potentially a title partnership with the Bundesliga.

An alternative to private equity funding

According to multiple reports, the DFL has been seeking ways to secure external investment, as an alternative to private equity funding.

Last year, the organisation abandoned its plans to sell a reported €1 billion, 8 per cent stake in its media rights business to US firm CVC Capital Partners, following protests from supporter groups.

 

Lyon owner John Textor being sued for €6.8 million

Former Wolves manager Bruno Lage is suing Lyon and Crystal Palace co-owner John Textor, according to The Telegraph.

The 48-year-old Lage, who is reportedly seeking €6.8 million in compensation, is alleging that the US businessman promised him a managerial position at either Palace or Lyon, which never materialised.

Eagle Football Holdings have issued a statement saying: "Eagle's view is that Mr Lage is not contractually entitled to the sums being claimed on his behalf. Accordingly, Eagle will vigorously defend the claim and seek to recover its costs of doing so from Mr Lage."

Lage’s case against Textor

In the new lawsuit, Lage is claiming that he signed a ‘legally binding contract’ running from January until April 2024, which was signed in July 2023, just weeks after the Portuguese became the manager of Brazilian club Botafogo, which is also majority owned by the American.

The Telegraph reports that the alleged contract included a £2.75 million penalty clause, which Lage would have to pay Textor, if he took up a managerial post at another club during this period.

Lage reportedly rejected other managerial jobs, under false pretences that he would eventually be offered a role by Textor.

 

Conmebol proposes 64-team World Cup from 2030

South American football’s governing body Conmebol has put forward a proposal that would see the men’s 2030 FIFA World Cup expand to 64 teams.

Speaking at Conmebol’s Ordinary Congress on 10th April, Conmebol president Alejandro Dominguez said: “We are proposing, for the first time, to hold this anniversary with 64 teams, on three continents simultaneously.

“This will allow all countries to have the opportunity to live the world experience and so nobody on the planet is left out of the party.”

The 2026 World Cup, which will be held in the US, Canada, and Mexico, will expand from 32 to 48 teams for the first time. The next tournament in 2030, which will be held in Spain, Portugal and Morocco, will mark the centenary edition of the World Cup.

64-team competition a ‘bad idea’

As reported in March, FIFA is considering the proposal for a 64-team World Cup, which was initially suggested by Ignacio Alonso, the president of the Uruguayan Football Association (AUF).

Earlier this month, UEFA president Aleksander Ceferin expressed his opposition to the concept of an expanded tournament after UEFA’s annual congress in Belgrade.
“I think it’s not a good idea for the World Cup itself, and it’s not a good idea for our qualifiers as well. So I’m not supporting that idea,” said Ceferin.

 

US Soccer settles long-standing antitrust lawsuit with Relevent

The United States Soccer Federation (USSF) has settled its longstanding antitrust legal dispute with Relevent Sports, after the media rights company field to dismiss the case on 9th April.

Relevent initially filed it lawsuit against US Soccer in 2019, following the company’s attempt to hold a regular season LaLiga fixture in the US in the previous year.

Relevent first unveiled plans for a match between Barcelona and Girona in Miami in August 2018, however this would later be blocked by FIFA, who introduced a new policy two months later that would prevent leagues from staging games outside of their domestic territories.

Settlement to allow US to host international league matches

The new settlement opens the door to the possibility of various domestic leagues bringing regular season matches to the US.

In a statement shared by ESPN, Relevent CEO Danny Stallman said: “Ultimately, we all share the same goal: growing the sport throughout America. We’re excited to continue supporting clubs from Europe and around the world to expand the sport’s reach and impact across the US.”

 

FC32 ends financing of Austrian club SKN St. Pölten

Multi-club ownership group FC32 has ended its financing of Austrian team SKN St. Pölten, effective immediately.

In a statement, the second tier club said that FC32’s withdrawal was ‘unexpected’, adding that a significant investment for the 2024/25 season remains outstanding.

SKN says the move came after ‘irregularities’ surfaced within FC32, with trust lost in Australian investor Paul Francis, who leads the group.

FC32 recently took over Irish club Cobh Ramblers in February, and also own Italian Serie B side Spezia Calcio.

SKN “surprised” by FC32 exit

Responding to the news, SKN managing director, said “We were surprised with the news that FC32 Holding will cease all payments with immediate effect.

“We received payments from FC32 last week. We reacted immediately and have been doing everything we can to secure the club’s long-term future ever since.”

Friday briefing: Real Madrid seek suspension of LaLiga president over alleged confidentiality breach

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Friday briefing: Real Madrid seek suspension of LaLiga president over alleged confidentiality breach

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Verdict on Manchester City’s 115 charges delayed until summer

Mbappé takes legal action against Paris Saint-Germain over unpaid wages

Court blocks LaLiga’s request to suspend CSD ruling on Danii Olmo and Pau Victor

Atletico Madrid sign ‘€20 million a year’ Nike extension

Genoa owner planning €10 million capital increase

11 April 2025 - 4:30 AM

Real Madrid’s complaint against Javier Tebas has reached Spain’s Sports Administrative Court (TAD), which has opened disciplinary proceedings against the LaLiga president, according to AS.

The club are seeking to suspend Tebas, alleging that he breached their confidentiality in a post shared on X, which revealed the result of a club vote in an anonymous survey regarding their stance on refereeing.

AS reports that the investigation, which is being led by the TAD, could constitute a ‘very serious offence’.

Tebas faces potential dismissal

Real Madrid are arguing that a Tweet posted by Tebas on 3rd February violated their right to confidentiality, which is in breach of Article 19 of the LaLiga Statutes.

Tebas could face a fine of between €3,000 and €30,000, public admonishment, a suspension of between two and 15 years, or dismissal, if he is found guilty of the alleged breaches.

 

 

Verdict on Manchester City’s 115 charges delayed until summer

The verdict on Manchester City’s 115 alleged breaches of the Premier League’s financial regulations is unlikely to come before summer, as reported by The Telegraph.

The charges, which were first announced in February 2023, relate to the nine-year period between 2009 and 2018.

Last year, an independent hearing took place between September and December, with the verdict initially expected to come during the first quarter of 2025.

No official deadline for outcome of trial

No official deadline was ever decided regarding the outcome of the trial.

The matter reportedly might not be resolved before the new Premier League season kicks off on 16th August.

 

 

Mbappé takes legal action against Paris Saint-Germain over unpaid wages

Kylian Mbappé and his legal team are taking aggressive legal action against his former club, Paris Saint-Germain (PSG), over a dispute involving €55 million in alleged unpaid wages and bonuses. The French striker's lawyers have initiated proceedings in the Paris court, with a legal hearing set for May 26.

According to Mbappé's main lawyer, Delphine Verheyden, the decision to go on the offensive comes after a year-long attempt to amicably resolve the issue. Verheyden stated that Mbappé has not received the €55 million owed to him despite efforts to settle the matter peacefully.

The legal battle extends beyond the courts, with Verheyden requesting intervention from the French sports minister and challenging a ruling by the French football federation's appeals commission. This commission deemed Mbappé's appeal against PSG inadmissible due to an ongoing civil court procedure.

Urged to notify UEFA

Furthermore, Mbappé has urged the federation to notify UEFA of PSG's failure to fulfill salary obligations, which could potentially jeopardise PSG's Champions League license if they are found responsible.

A UEFA spokesperson commented on the matter, stating that if French authorities confirm payment arrears, PSG would need to settle them promptly or face non-compliance with financial fair play regulations.
 

 

Court blocks LaLiga’s request to suspend CSD ruling on Danii Olmo and Pau Victor

Spain’s Administrative Court has rejected LaLiga’s injunction request, after the league tried to block the Higher Sports Council’s (CSD) decision to allow Dani Olmo and Pau Victor to continue playing for Barcelona for the rest of the 2024/25 season.

Earlier this month, the Spanish Government granted Barcelona temporary licenses, enabling the club to register both players for the remainder of the current campaign.

Following this however, LaLiga requested that the CSD impose precautionary measures to prevent this from happening, claiming that allowing Olmo and Victor to play would highlight a competitive imbalance within the Spanish top flight.

Next steps

After the Administrative Court denied LaLiga’s request for an injunction, the aforementioned players and CSD will be able to appear before a judge, as reported by AS.

The ongoing dispute will not be resolved until the judge’s ruling, which will reportedly take months.

 

 

Atletico Madrid sign ‘€20 million a year’ Nike extension

Atletico Madrid have signed a ten-year extension of their kit supplier partnership with Nike.

The new deal, which will run until the end of the 2034/25 season, is worth more than €20 million annually, according to 2Playbook.

This more than doubles the valuation of the current deal, which expires in 2026, and is reportedly worth €10 million per season.

25 years of collaboration

The renewal extends the LaLiga club’s long-standing association with the US sportswear giant, which dates back to 2001.

During that time, Atletico have experienced significant successes, winning 16 trophies, including two LaLiga titles in 2013/14 and 2020/21.

 

 

Genoa owner planning €10 million capital increase

Genoa owner Dan Sucu is planning a capital increase of €10 million into the Italian club, according to regional newspaper Il Secolo XIX.

The uptick in investment comes amid an ongoing investigation led by the Genoa Public Prosecutor’s Office into the sale of the Serie A side in December to the Romanian businessman, which was worth €40 million.

Genoa’s previous owner, 777 Partners, collapsed in October last year, prompting the club to seek a new buyer.

Legal dispute with A-Cap

In January, 777 Partners lender A-Cap attempted to block the Sucu takeover, claiming that the company still owned the club, and had not agreed to its sale.

Last week however the Court of Genoa ruled in favour of the club, rejecting A-Cap’s claim, and accepting the arguments presented by their lawyers.

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