Money

$600 Million In Debt, Barcelona Urgently Needs Camp Nou Revamp To Increase Revenues

Barcelona must press on with plans to renovate Camp Nou in order to replenish revenues lost because of the COVID-19 pandemic, vice-president Jordi Moix told Reuters, adding that the $957 million project will pay for itself.

The club announced a financing deal with Goldman Sachs on Monday to modernize their iconic but run down stadium and raise its capacity from 99,000 to 105,000. Should the plan be approved by club members next year, building work can begin by June 2021 and will take around five years to complete.

200-Person Sting Operation Launched On Offices, Homes Of German Football Association

German prosecutors and tax authorities searched offices of the German Football Association (DFB) as well as private homes of current and former officials on suspicion of serious tax evasion, the Frankfurt prosecutors' office said on Wednesday.

It said six unnamed former and current officials of the DFB were suspected of having intentionally falsely declared income from advertising in soccer stadiums during home games of the national team in 2014 and 2015 as income from asset management, leading to $5.5 million in unpaid taxes.

Mesut Özil Is A Genius And Just Had His Finest Moment At Arsenal

Mesut Özil has fallen out of favor at Arsenal. There's no debating that. The last year or two have been brutal for the German. A year ago Arsenal shafted him for having the cajones to call out China on its concentration camp BS and now he mostly sits on the bench after falling off Mikel Arteta’s radar.

Man United Signs 4 Players, Thomas Partey Joins Gunners And Bayern Makes Double Move

Manchester United made four signings on transfer deadline day, including Uruguay striker Edinson Cavani while European champions Bayern Munich strengthened with two new arrivals. But the biggest single move of the final day of deal-making was midfielder Thomas Partey making a $58.46 million switch from Atletico Madrid to Arsenal.

United signed Cavani on a free transfer, Brazilian left back Alex Telles from Porto, Uruguayan 18-year-old winger Facundo Pellistri and reached an agreement to sign Atalanta's teenage winger Amad Diallo.

Arsenal Faces Tidal Wave Of Backlash For Cutting Beloved Mascot Gunnersaurus After 27 Years

Arsenal’s iconic mascot is no more. In August the club announced that it was going to layoff 55 employees because of monetary losses due to the pandemic. It has been revealed that Gunnersaurus — Arsenal’s loving sideline dinosaur since 1993 — has also been let go, per The Athletic.

Pages