Criminal proceedings have been opened against FIFA president Gianni Infantino by a special prosecutor looking into dealings between the head of the global soccer body and Swiss Attorney General Michael Lauber, Swiss authorities said on Thursday.
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.
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.
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.
Electronic Arts Inc on Wednesday extended its licensing contract with LaLiga until 2030, allowing the video game maker to retain exclusive access to the Spanish top-tier soccer league for its flagship football franchise "FIFA."
The 10-year agreement is the longest renewal in the history of the company's partnership with LaLiga, EA told Reuters, but did not disclose the financial terms of the deal.
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.
The suspension of soccer leagues across Europe due to the COVID-19 pandemic will see overall player value drop by 6.6 billion euros ($7.5 billion), or about 18 percent, in the transfer market, KPMG's global head of sports Andrea Sartori said.
The majority of leagues have resumed or are in the process of restarting their seasons behind closed doors before the transfer window reopens, with clubs still reeling from the financial impact of the months-long shutdown.
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.