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.
FC Copenhagen made history on Wednesday by becoming the first Danish club to advance to a European quarterfinal since 1996 after defeating Turkish champion Istanbul Basaksehir 3-0 (3-1 aggregate). Two things were learned from the match: Copenhagen isn’t to be taken lightly and CBS posts 16-minute long highlight videos.
In the same week that Arsenal announced it's laying off 55 staff as a result of the financial impact of COVID-19, the London club welcomed longtime Chelsea forward Willian for a heaping sum of money, per ESPN.
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.
Less than a week after winning the FA Cup to secure their place in next season's Europa League and as they negotiate a multi-million pound contract extension with striker Pierre-Emerick Aubameyang, Arsenal have announced plans to layoff 55 staff. Fans want to blame owner Stan Kroenke.
The club said on Wednesday that the cuts were the result of the financial impact of the Covid-19 pandemic. The announcement sparked an immediate social media backlash from fans contrasting the huge sums involved with keeping key players to the lost jobs of staff at the north London outfit.
Brentford stands to earn some 160 million pounds ($209.28 million) in additional revenue over three years if it defeatd Fulham in Tuesday's Championship playoff final and secure a first-ever trip to the Premier League, Deloitte has said.
An estimated 85 million pounds of that sum would come from central broadcasting distributions and 75 million pounds from parachute payments over the 2021-22 and 2022-23 seasons if Brentford were relegated after a single campaign, it said.
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.
Ajax will have to change their playing style after the sale of Hakim Ziyech to Chelsea and the possibility of up to six others leaving before the new season in the Netherlands starts, coach Erik ten Hag said as they began pre-season training.
Ziyech was one of the key figures when Ajax reached the Champions League semifinal last season and also dominated in the Dutch league, but success for the club has meant their players have been in high demand.
The Dallas Cowboys were ranked the world's most valuable sports team for a fifth consecutive year according to an annual list published by Forbes on Friday that was dominated by National Football League clubs.
The NFL's Cowboys, who unseated Spanish soccer club Real Madrid for top spot on the list in 2016, were valued at $5.5 billion, a 10 percent rise when compared to last year, Forbes said in a statement.
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.