Business

Premier League Forced To Terminate Largest Overseas TV Deal

The Premier League has cancelled its contract with Chinese broadcasters PPLive Sports International after just one season, the league said in a statement on Thursday.

The broadcasters, part of retail group Suning, paid around $700 million for three years of English Premier League (EPL) streaming rights from the 2019-20 season.

Pay It Forward: How Small Clubs Are Utilizing Unique Transfer Clauses To Earn Big Paydays Down The Road

With all of the attention surrounding Lionel Messi's future, you may have missed that Irish fullback Matt Doherty is likely on his way to Tottenham after more than a decade with Wolverhampton Wanderers, with a fee reportedly in the range of $18-21 million.

Ordinarily, a transfer like this would not raise too many eyebrows, but it could have a massive impact on one Irish club. 

UEFA Considers Future Use Of UCL ’Final 8’ Format After This Season’s Wild Success

UEFA president Aleksander Ceferin says the single-game knockout format, used in the Champions League this year from the quarterfinal onwards, has produced more exciting football than the usual two-legged games and could be revisited in the future.

The format was changed in order to allow the competition to be completed in a shorter time-span after the COVID-19 pandemic halted play for several months across Europe in March.

Eight clubs headed to Lisbon and the final will be contested later on Sunday, pitting Bayern Munich against Paris St Germain.

Newcastle In Fresh Takeover Talks With Investors That Are Less Inclined To Murder

English Premier League club Newcastle United has held talks with the Bellagraph Nova Group (BNG) group over a possible takeover bid, the Singapore-backed company said in a statement.

BNG, co-founded by Singapore-based investors Evangeline Shen, Nelson Loh and Terence Loh, and headquartered in Paris, said that negotiations were at an advanced stage and that the group was willing to "massively contribute" to the club's development.

Ronaldinho To Be Released After Four-Month House Arrest Inside Paraguayan Hotel

Former World Cup winner Ronaldinho moved a step closer to ending his Paraguayan ordeal on Friday when prosecutors said they would not oppose a "conditional suspension" of the case that would allow him to return to Brazil.

The twice World Player of the Year was arrested on March 6 along with his brother and business manager Roberto Assis after they tried to enter Paraguay with adulterated Paraguayan passports.

English League One And League Two Clubs Approve Salary Caps

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 Signs Deal To Buy Roma For Over $700 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.

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