Money

Another Serie A Club Has Been Bought By Americans

MILAN — Parma became the latest Serie A team to come under U.S. ownership when they were taken over by the Krause Group on Friday, the club said in a statement following a deal signed in Milan.

The group bought a 90 percent stake in Parma, which won three major European trophies during its heyday in the 1990s, was declared bankrupt in 2015 and returned to Serie A in 2018.

Nuovo Inizio, a group set up by local entrepreneurs which took over the club following its bankruptcy and relegation to the fourth tier of Italian football in 2015, will retain a 9 percent stake.

FIFA Estimates Cost Of Pandemic And Holy Shit That’s A Lot Of 0s

BERN — The Covid-19 pandemic is likely to cost club football $14 billion this year worldwide, around one third of its value, a leading official at global soccer body FIFA said on Wednesday.

Olli Rehn, who heads the FIFA committee set up to tackle the effects of the pandemic, said that FIFA, along with financial consultants, had estimated the club game to be worth between $40 billion and $45 billion worldwide.

Man With Most Infectious Smile In The Prem Signs Massive Contract Extension

Arsenal striker Pierre-Emerick Aubameyang has signed a new three-year deal, the Premier League club said on Tuesday, ending speculation over a potential exit as he entered the final year of his contract.

Aubameyang's decision to stay with Arsenal will be a major boost to manager Mikel Arteta who said he wanted to build the squad around the Gabon international after they won the FA Cup last month.

Messi, Ronaldo Top Forbes' List Of Highest Paid Soccer Players; Here's What They Could Buy

Despite Cristiano Ronaldo being a walking brand, Lionel Messi topped Forbes’ list for the highest paid soccer players in 2020. Christina Settimi of Forbes reported that the top ten wealthiest soccer players are anticipated to rake in a combined $570 million with Messi and Ronaldo receiving roughly 42 percent of the money.

Reported Sale Price Of Real Salt Lake, Utah Royals And Their Stadium Has Bidders Interested

The sale of the Real Salt Lake soccer team, Rio Tinto Stadium and associated properties is expected to bring at least $500 million, the Sports Business Journal reported Thursday.

Real Salt Lake owner Dell Loy Hansen announced Aug. 30 that he is seeking to sell Utah Soccer Holdings, which owns the Major League Soccer club, the Utah Royals FC of the National Women's Soccer League, Real Monarchs of the United Soccer League and the 20,200-seat venue in Sandy, Utah.

The Top 10 Biggest 2020-21 EPL Salaries Calculated To Little Caesars Pizzas Per Week

The stars of the Premier League receive handsome compensation for their work on the pitch to entertain the masses. These stars will also never go hungry with their ridiculous weekly salaries. This list of the highest paid EPL players solely focuses on weekly wages and doesn’t include endorsement deals, bonuses and other payments. 

If you’re curious about some of the most valuable EPL players, I refer you to our social team’s hard work.

Alleged Football Leaks Mastermind Says He’s Proud Of His Whistleblowing

LISBON — The Portuguese man behind the Football Leaks website said at the start of his trial on Friday that he was proud to be a whistleblower on European soccer clubs' big-money dealings.

Rui Pinto, a 31-year-old former history student and self-taught computer mastermind, faces 90 charges — from unauthorised access to data and violation of correspondence to attempted extortion — in the case at Lisbon's Central Criminal Court.

Pages