League One and League Two clubs, representing the third and fourth tiers of English football, have voted in favor of introducing salary caps for their squads, the English Football League (EFL) said in a statement on Friday.
League One clubs agreed to cap total expenditure on player salaries at $3.27 million while those in League Two agreed to an upper limit of $2 million.
U.S. billionaire Dan Friedkin has signed a deal worth more than $700 million to purchase the Italian Serie A soccer club AS Roma, the club said on Thursday.
Roma said in statement that formal contracts with the Houston, Texas-based Friedkin Group were signed on Wednesday for a transaction valued at 591 million euros.
"We look forward to closing the purchase as soon as possible and immersing ourselves in the AS Roma family," Friedkin said in a statement on the club website.
Back in January, Deloitte published its annual Football Money League table to showcase the 20 highest earning football clubs in the world based on turnover for the 2018-19 season. At the top was Barcelona with revenues of over $1 billion. Revenue growth amongst the world’s wealthiest clubs has been exponential over the last decade, a fact that’s verified by Barça’s 1997-98 turnover of $63.5 million — the sixth-highest number on the planet at the time.
The proposed takeover of Premier League club Newcastle United by a Saudi Arabian-backed consortium has collapsed after the group announced they were ending their interest in the deal.
The group, which included Saudi Arabia's sovereign wealth fund PIF, PCP Capital Partners and Reuben Brothers, was reported to have made a $391 million bid to buy United from British businessman Mike Ashley.
The Arsenal vs. Aston Villa match on Tuesday was trending — and for several reasons. Arsenal beat Liverpool and Man City in the last week but fell to Aston Villa 1-0. This win for Villa pulled them out of the bottom three.
A MASSIVE goal in Aston Villa's quest to stay up! #MyPLSummer pic.twitter.com/Y4BLfFewyJ
Major League Soccer has unveiled a revised expansion timeline with the inaugural seasons for three of its four new teams delayed by a year due to the novel coronavirus pandemic.
The new timeline is the result of the impact of the pandemic on the start of business operations and stadium development, the league said.
Major League Soccer Announces New Expansion Timeline: https://t.co/uM0b4rt6wl pic.twitter.com/QsodXSuE49
Manchester City's two-year suspension from European football was overturned by the Court of Arbitration for Sport (CAS) on Monday, allowing the club to compete in next season's elite Champions League competition.
CAS ruled that City did not breach Financial Fair Play (FFP) rules by disguising equity funding as sponsorship. Sport's highest court also reduced a fine for failing to cooperate with UEFA to $11.3 million from $34 million.
Clubs are constantly trying to find ways to reach and expand their audiences. The boldest way that teams attempt this feat is through changing the identity of the club with a new logo. Ligue 1 side Bordeaux is the latest to make tweaks to the badge on the front of the jersey and released a short video on Twitter showing the transformation.
Newcastle United’s FA Cup quarterfinal plan of defending resolutely and hoping for one clear chance against Manchester City actually played out perfectly for Steve Bruce’s side at St James’ Park on Sunday, but the compact rearguard action was undone by a boneheaded play from Fabian Schär and the incredible goalscoring opportunity was wasted by Dwight Gayle.
German manager Jürgen Klopp and his multinational squad of players have been given most of the credit for Liverpool's Premier League triumph but behind the 19th top flight title has been the astute ownership of a group of American executives.
It did not take great imagination to work out why the owners of the Boston Red Sox saw potential in Liverpool when they purchased the team 10 years ago.