Money

Huge Spending CSL Club Declares Bankruptcy And Immediately Folds

Chinese Super League (CSL) team Tianjin Tianhai, which once employed World Cup winner Fabio Cannavaro as coach and signed Brazilian forward Alexandre Pato, has declared bankruptcy and folded, the club announced on Tuesday. 

Serie A TV Payments Frozen Amid Coronavirus Uncertainty

The companies holding the broadcasting rights to Italy's top-flight Serie A soccer championship, including Comcast's unit SKY, have not paid the last installment of the 2019-20 season, which has been halted due to the coronavirus outbreak, three sources familiar with the matter said. 

Edwin Van Der Sar Says Ajax Won’t Be Bullied Into Discount Transfer Prices

Ajax is not immune to the financial strain caused by the COVID-19 pandemic, but the club will not be strong-armed into cut-price deals for their players in the upcoming transfer window, chief executive Edwin van der Sar said. 

The Dutch club has built a reputation as the "talent factory" of European football over the last two decades and earned about $161.7 million last summer as Frenkie de Jong and Matthijs de Ligt secured high-profile moves to Barcelona and Juventus, respectively. 

Rapinoe And Morgan Shocked By Judge’s Decision, But They Vow To Continue The Fight

U.S. women's national soccer team co-captains Alex Morgan and Megan Rapinoe said they were shocked after their team's claims for equal pay were dismissed by a court.

The duo, who helped the U.S. to a record fourth World Cup title last year, said they planned to appeal the decision, after a California judge on Friday threw out the players' claims that they were underpaid in comparison with the men's team.

Could Professional Football Disappear? Crystal Palace Chairman Says That's The Risk

Premier League clubs are bleeding money and their finances would be entering "uncharted waters" if the season that was suspended due to the COVID-19 pandemic is not finished, Crystal Palace chairman Steve Parish has said. 

Professional soccer has been suspended since mid-March due to the coronavirus outbreak which has killed more than 28,100 people in the United Kingdom, and the league is no closer to a return after a meeting with all 20 clubs on Friday. 

EPL ‘Frightened To Death’ Of Publicly Backing Restart, Says Gary Neville

The Premier League and its clubs are "frightened to death" about publicly backing the resumption of the season as they do not want to be held liable if someone dies because of the coronavirus, television pundit Gary Neville said on Sunday. 

Professional soccer has been suspended since mid-March due to the COVID-19 pandemic which has infected over 182,000 people in the United Kingdom, killing more than 28,000. 

Why’d The Judge Throw Out Most Of The USWNT’s Equal Pay Suit? Blame The USMNT

It’s been a tough 24 hours for Americans. If the arrival of murder hornets wasn’t enough to chill your spine, the USWNT was told it couldn’t go ahead with the most important aspects of its equal pay lawsuit against the U.S. Soccer Federation on Friday night.

Judge Hands USWNT Shocking Blow In Equal Pay Lawsuit

NEW YORK — The U.S. women's soccer team's claims for equal pay were dismissed by a court on Friday, handing a victory to the United States Soccer Federation.

Judge R. Gary Klausner of the United States District Court for the Central District of California threw out players' claims that they were under paid in comparison with the men's national team but allowed complaints of unfair medical, travel and training to proceed to trial.

Butthurt Over Season Ending Before They Stopped Sucking, French Clubs Weigh Litigation Options

PARIS — Olympique Lyonnais will seek millions of euros in damages as they face being deprived of European competition for the first time in a quarter of a century following the decision to end the Ligue 1 season, club president Jean-Michel Aulas said.

The French League (LFP) said on Thursday it was ending the 2019-20 campaign amid the COVID-19 crisis, resulting in Lyon finishing seventh, outside of the positions that would offer a place in European competition for next season.

Report Shows Some Women’s World Cup Players Didn’t Receive Any Pay Last Year

LONDON — Women's soccer around the world is being held back due to a continuing lack of basic employment rights and standards at international competitions, a report from global players' union FIFPro has said.

The document, published on Wednesday, says that being a professional soccer player is still not a viable career option for women in many parts of the world, despite record attendances at matches over the past year.

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