Legal - Soccer Wiretap

Chelsea Could Be In FFP Jeopardy With $115M Loss Last Year

Mar 7, 2024 11:12 AM

Chelsea’s ability to comply with profit and sustainability rules is in doubt after it emerged that the club made a pre-tax loss of £90.1 million ($115 million) in the year to 30 June 2023.

The Premier League’s rules permit clubs to make a loss of £105 million over a three-year period.

Chelsea made heavy losses under Roman Abramovich. The Boehly-Clearlake ownership has sought to drive down the wage bill and has a strategy of signing young players on long and heavily incentivized contracts.

The latest loss raises the chances of Chelsea having to raise funds through player sales this summer. They are expected to want to move on homegrown players such as Armando Broja, Trevoh Chalobah, Conor Gallagher and Ian Maatsen. Money received for academy products goes down as pure profit in FFP terms.

Jacob Steinberg/The Guardian

Tags: Chelsea, Legal, Misc Rumor

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Elon Musk Considering Bid For Manchester United

Feb 14, 2023 3:46 PM

Elon Musk is considering putting in a bid to buy Manchester United. Musk claims he grew up as a fan of the club.

The Glazer family is seeking $7.3 billion for a full takeover, but are open to a partial sale as well.

Bloomberg recently confirmed that a consortium of Qatari investors are set to make an offerfor the club with assistance from the Qatar Investment Authority, the country’s sovereign wealth fund.

Doug Greenberg/FrontOfficeSports

Tags: Manchester United, Legal

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City Charged By Premier League For FFP Breach Across Nine Seasons

Feb 6, 2023 10:23 AM

Manchester City have been charged by the Premier League for breaking financial fair play rules across nine seasons. 

The Premier League confirmed that a number of alleged breaches between the 2009-10 and 2017-18 seasons.

City have been charged with more than 100 breaches of rules which required the club, according to the Premier League, to provide "accurate financial information that gives a true and fair view of the club's financial position."

Pep Guardiola has guided the club to three league titles since his appointment in 2016.

Rob Dawson/ESPN

Tags: Manchester City, Legal, Misc Rumor

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Average MLS Club Worth $582 Billion With LAFC At No. 1

Sep 29, 2022 2:39 PM

The average MLS franchise is worth $582 million, according to data compiled by Sportico.

Los Angeles FC ranks first at $900 million, while CF Montreal ranks last at $390 million.

Collectively, the 28 franchises are worth $16.3 billion.

1. LAFC: $900 million
2. LA Galaxy: $865 million
3. Atlanta United: $855 million
4. Seattle Sounders FC: $725 million
5. Toronto FC: $705 million
6. D.C. United: $700 million
7. New York City FC: $690 million
8. Portland Timbers: $685 million
9. Austin FC: $630 million
10. Inter Miami CF: $585 million
11. Sporting Kansas City: $575 million
12. Charlotte FC: $570 million
13. Minnesota United FC: $565 million
14. Columbus Crew: $560 million
15. Philadelphia Union: $555 million
16. FC Cincinnati: $550 million
17. Chicago Fire FC: $535 million
18. New York Red Bulls: $525 million
19. Nashville SC: $520 million
20. San Jose Earthquakes: $515 million
21. New England Revolution: $495 million
22. Houston Dynamo FC: $474 million
23. FC Dallas: $470 million
24. Real Salt Lake: $430 million
25. Orlando City SC: $420 million
26. Vancouver Whitecaps FC: $415 million
27. Colorado Rapids: $400 million
28. CF Montreal: $390 million

 

Sportico

Tags: Atlanta United, Austin FC, Chicago Fire, Cincinnati, Colorado Rapids, Columbus Crew, D.C. United, FC Dallas, Houston Dynamo, Los Angeles FC, LA Galaxy, Inter Miami, Minnesota United, CF Montreal, Nashville SC, New England Revolution, New York Red Bulls, New York City FC, Orlando City, Philadelphia Union, Portland Timbers, Real Salt Lake, San Jose Earthquakes, Seattle Sounders FC, Sporting Kansas City, Toronto FC, Vancouver Whitecaps FC, Legal

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Roman Abramovich Willing To Listen To Offers To Sell Chelsea

Mar 2, 2022 12:04 PM

Roman Abramovich is willing to listen to offers for Chelsea as pressure grows over his ownership amid Russia's ongoing invasion of Ukraine.

Abramovich has previously attempted to separate the club from a possible personal sanction by passing "stewardship and care" of Chelsea to its trustees. 

Abramovich has always strenuously denied any ties to the Vladimir Putin regime, and Chelsea have previously insisted repeatedly that the club is not for sale.

Abramovich bought Chelsea in 2003 for £140 million. The club's latest accounts show he is owed £1.514 billion in loans through parent company Fordstam Limited, which he controls.

Abramovich has previously valued the club at around £3 billion. 

James Olley/ESPN

Tags: Chelsea, Legal

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12 Teams Officially Announce Breakaway Super League

Apr 18, 2021 10:02 PM

AC MilanArsenalAtletico MadridChelseaBarcelonaInternazionaleJuventusLiverpoolManchester CityManchester United, Real Madrid and Tottenham Hotspur released statements announcing their entry as founding clubs of a European Super League. 

"We will help football at every level and take it to its rightful place in the world. Football is the only global sport in the world with more than four billion fans and our responsibility as big clubs is to respond to their desires," said Madrid president Florentino Perez.

The clubs are set to withdraw from the European Club Association, according to the statement.

Super League matches will be played in the middle of the week.

The founding clubs are set to receive $4.19 billion.

"Our 12 founder clubs represent billions of fans across the globe and 99 European trophies. We have come together at this critical moment, enabling European competition to be transformed, putting the game we love on a sustainable footing for the long-term future, substantially increasing solidarity, and giving fans and amateur players a regular flow of headline fixtures that will feed their passion for the game while providing them with engaging role models," released Andrea Agnelli in a statement. 

No German or French clubs have joined the league as of yet.

ESPN

Tags: Arsenal, Atletico Madrid, Barcelona, Chelsea, Internazionale, Juventus, Liverpool, Manchester City, Manchester United, A.C. Milan, Real Madrid, Tottenham Hotspur, Legal, UEFA Champions League

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15 Clubs In Talks To Launch European Super League

Apr 18, 2021 12:15 PM

15 clubs are reportedly in talks to launch a European Super League by the 2023-24 season, sources told ESPN.

The new league will be backed by $6 billion in funding. 

Manchester UnitedLiverpoolArsenalChelsea and Tottenham are among Premier League clubs to sign up for the plan.

The Super League will consist of 15 permanent teams who can never get relegated, along with five rotating clubs. 

The current 15 teams feature six from the Premier League, three from La Liga and Serie A, two from the Bundesliga, and one from Ligue 1. 

Mark Ogden/ESPN FC

Tags: Arsenal, Chelsea, Liverpool, Manchester United, Tottenham Hotspur, Legal, Misc Rumor, UEFA Champions League

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MLS: Inter Miami Broke Rule With Blaise Matuidi Signing

Apr 17, 2021 4:36 PM

MLS concluded that Inter Miami broke the league's Designated Player rule in their signing of Blaise Matuidi last season.

The team could still face sanctions from MLS.

Matuidi, who was signed on a free transfer last summer, was initially categorized as a Target Allocation Money (TAM) player. His pay was above the limit for TAM players, and thus should have been categorized as a Designated Player.

The club already had reached the limit with three DPs by the time of the Matuidi signing. 

Miami's three current DPs this season are Gonzalo Higuain, Rodolfo Pizarro, and Matuidi.

Former DP Matias Pellegrini was bought out of his contract and will join the club's USL League One affiliate this season. 

ESPN

Tags: Inter Miami, IQ, Legal

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Kieran Trippier Serves Suspension, Set To Return Against Real Madrid

Mar 1, 2021 6:07 PM

Keiran Trippier has served his 10-week suspension and is set to return this weekend against Real Madrid.

Trippier was banned due to a betting offense.

Atletico Madrid have mainly used Sime Vrsaljko as Trippier's replacement.

Atleti currently top the table by five points, with a game in hand. 

David G. Medina/Marca

Tags: Atletico Madrid, Real Madrid, Legal, Suspension

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Josep Maria Bartomeu Reportedly Arrested During Raid

Mar 1, 2021 1:37 PM

Former Barcelona president Josep Maria Bartomeu was reportedly arrested following a raid at the club's offices on Monday.

His adviser Jaume Masferrer, the club's CEO Oscar Grau and head of legal services Roman Gomez Ponti were also among those arrested.

"Given the entry of the local police at the club's offices, per a court order relating to the hiring [of a third-party company] and monitoring services of social networks, FC Barcelona has offered its full support to judicial and police authorities and collaborated with them to clarify the facts that are the subject of the investigation," released the club in a statement.

Police were searching for evidence that Bartomeu used a third-party service to smear players and potential presidential candidates.

Barcelona were cleared for any wrongdoing in an external audit by PricewaterhouseCoopers, with Spanish police opening up their own investigation. 

Moises Llorens & Sam Marsden/ESPN FC

Tags: Barcelona, Legal

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Lionel Messi Could Earn More Than $670 Million Over Four Year Contract

Alex Kirkland/ESPN

MLS Invokes Force Majeure Clause In CBA

Austin Lindberg/ESPN

Dell Loy Hansen To Sell Real Salt Lake, Utah Royals FC

Jeff Carlisle/ESPNFC

La Liga: Lionel Messi Will Have To Pay $833 Million Release Clause

M. Carmen Torres/Marca

Dynamo Dresden Players Quarantined For 14 Days

Stephan Uersfeld/ESPN

Premier League Relegation Unlikely If Season Canceled

ESPN

Liga MX To Suspend Promotion-Relegation For 5 Years

Tom Marshall/ESPN

Premier League Targeting Resumption Of Matches On June 6th

Mark Ogden/ESPN

FIFA Looking To Financially Assist Clubs Affected By COVID-19 Pandemic

ESPN

Tottenham Announce Wage Cuts For Non-Playing Staff

ESPN

Bundesliga Likely To Complete 2020 Season Without Fans

Stephan Uersfeld Germany correspondent

Lionel Messi Hits Out At Board After Barcelona Players Take Wage Cut

Moises Llorens & Sam Marsden/ESPN

Atletico Madrid, Espanyol To Cut Player Wages

Sid Lowe/The Guardian

Several Premier League Clubs Want To End Season Immediately

David Ornstein/The Athletic

Liverpool To Complete 2019-20 Season Wearing New Balance Jerseys

James Pearce/The Athletic

Barcelona Players Agree To Wage Cut During League Suspension

Moises Llorens & Sam Marsden/ESPN

Spanish FA Offers $540 Million Bailout For La Liga Clubs

Adriana Garcia/ESPN

Barcelona Could Cut Pay Up To 70% For First-Team Players

Sid Lowe & Ben Fisher/The Guardian

Serie A Matches To Be Played Behind Closed Doors Until April

Football Italia

Monterrey Launch Complaint Against Rodolfo Pizarro, Inter Miami

Tom Marshall/ESPN