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.
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.
In the wake of Manchester City overturning its two-year ban from European competition, the only take I really appreciated was this one. It’s sarcastic.
Seems like football's golden era of financial fairness is coming to an end. You mark my words, it'll be dominated by money from now on.
ViacomCBS Inc said on Thursday it had signed an agreement with European soccer's governing body UEFA to live-stream Champions League matches on CBS All Access in the United States, starting this season through 2024.
The Bundesliga should earn some $4.95 billion from domestic broadcast rights for the four years from 2021-22 onwards, the German Football League said on Monday, with Sky awarded the prime package of all Saturday games.
The deals announced on Monday are slightly less lucrative than the existing four-year deal that ends next season. Worth $5.18 billion, that was an 85% jump from the previous agreement.
Amazon announced that it will air the rest of its Premier League matches for free on Amazon Prime while live streaming them on Twitch. No membership will be required to watch the four matches shown by Amazon.
One of the four matches has yet to be announced, but the other three include Crystal Palace vs. Burnley on June 29, Everton vs. Southampton on July 6 and Watford vs. Newcastle on July 11.
European soccer body UEFA has temporarily relaxed its break-even rule known as Financial Fair Play, saying it wants to make sure that clubs are not penalized for unforeseen losses caused by the COVID-19 pandemic this season.
The European soccer body said in a statement that clubs' accounts for the 2020 and 2021 financial years would be assessed together rather than separately, to give clubs time to recuperate from losses suffered during the last three months.
Tottenham has borrowed $220.40 million from the Bank of England to ease the financial burden due to the loss of revenue amid the COVID-19 pandemic, the Premier League club said on Thursday.
The club said it estimated a revenue loss of more than $250 million for the period until June 2021 due to the loss of income from matchday revenue, third party live events and other sporting events at their stadium.