Business

Richest Premier League Owners: Newcastle’s Investors Are Impossibly Wealthy

Once the formalities are out of the way, the Premier League will finalize the sale of Newcastle United from owner Mike Ashley to a consortium that’s headed by Saudi Arabia’s Public Investment Fund (PIF). In terms of the richest Premier League owners, Newcastle's jumping from 11th on this list all the way to the top.

If The EPL Season Ends Now, Will Clubs Still Get Relegated?

There is unlikely to be any relegation from the English Premier League if the season ends with no more play possible because of the coronavirus outbreak, Brighton and Hove Albion owner Tony Bloom has told British media. 

Premier League clubs met on Friday to discuss possible models for finishing the season but all options remained hypothetical after the U.K. government extended lockdown restrictions for another three weeks. Brighton were two points clear of the relegation zone with nine matches remaining when the league was brought to a halt on March 13. 

U.S. Soccer Shutters Development Academy Due To COVID-19 Fallout

The U.S. Soccer Federation said on Wednesday it was shutting down its youth development academy permanently due to the financial fallout from the COVID-19 pandemic. 

U.S. Soccer, the sport's governing body in the United States, said in a statement the decision to shutter the academy, which it founded in 2007 and included competitions across five age groups, was effective immediately. 

Female Footballers Risk Losing Their Livelihoods Due To COVID-19 Shutdown

Many female footballers are at risk of losing their livelihoods due to the global soccer shutdown caused by the COVID-19 pandemic, a report by global players' union FIFPRO said on Thursday. 

The report said specific measures were needed to help women's football during the crisis, which has brought world sport to a standstill and caused the postponement of major international events including the 2020 Tokyo Olympics. Otherwise, it said, the women's game could be facing an existential threat.

$392M Takeover Deal For Newcastle United Edges Closer

A possible takeover of Premier League side Newcastle United by a group fronted by British financier Amanda Staveley with Saudi Arabian backing appeared to be moving closer to completion on Tuesday. 

A 31-page charge agreement filed with Companies House and signed by Staveley for PCP Capital Partners and a lawyer for St James Holdings Ltd indicated a framework for a deal was being put in place. 

MLS Ponders Drastic Changes To 2020 Season, Including Tournament Format And Neutral Locations

MLS commissioner Don Garber told ESPN that the league will explore alternative formats when it comes to completing the 2020 season. Garber said that MLS is "focused at getting in as many as games as possible" if play resumes following the coronavirus pandemic. 

Investigation: What’s Everyone Doing On The Internet These Days?

For those who thought that marble racing, cherry pit spitting and the Stupid Robot Fighting League represented the future of sports, I regret to inform you that they’ve now each had their respective moments to shine and failed miserably.

The outbreak of COVID-19 has reshaped our lives now and forever, but there’s just no point in hoping that an android with a vacuum cleaner chassis for a body and plastic skateboard deck for a fist can ever captivate in the ways that Lionel Messi or Cristiano Ronaldo could.

Transfer Rumors: Neymar And Mbappé Will Stay At PSG, Arsenal Targets James Rodríguez

Without knowing how this’ll all play out, it’s tough to speculate or predict much with regards to the 2020 summer transfer window. UEFA insists that the 2019-20 season must be completed, but we have no clear idea as to when that’ll happen with European football still suspended.

Former FOX Marketing Execs Charged In FIFA Corruption Probe

U.S. prosecutors on Monday announced new criminal charges against two former executives of 21st Century Fox Inc and others stemming from a long-running investigation of corruption surrounding FIFA, soccer's world governing body.

The former Fox executives, Hernan Lopez and Carlos Martinez, were indicted in Brooklyn federal court on wire fraud and money laundering along with Gerard Romy, former co-CEO of Spanish media company Imagina Media Audiovisual SL, and Full Play Group SA, a Uruguayan sports marketing company. Lawyers for the defendants could not immediately be identified. 

Italian FA Boss Says Serie A Season Could Run To October

The Serie A season could be extended to September or October, the head of the Italian FA (FIGC) said on Sunday, warning that there could be an "avalanche of litigation" if it was not settled on the field. 

Serie A has been suspended since March 9 because of the coronavirus pandemic which has claimed 15,887 lives in Italy, almost a quarter of the global death total. Several club presidents have suggested that the season should be called off. 

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