The first sign that a billionaire may be forced to answer for their actions is usually an emphatic denial. Next comes disbelief that such an ordinary problem could possibly affect someone of immense wealth, influence and social standing. The third step is a restrained expression of regret that stops short of accepting responsibility, typically lamenting […]
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It is as though an entire era has suddenly been called into question. Manchester City’s achievements in English football from 2009-10 to 2017-18 now risk being viewed differently: the 6-1 victory over Manchester United at Old Trafford, Sergio Agüero’s dramatic stoppage-time title winner in 2012 and the campaign in which the club collected 100 points […]
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Manchester United announced a seventh consecutive annual loss on Wednesday, with spending on new players and costs linked to Ruben Amorim’s dismissal earlier this year adding to the club’s financial deficit. The increased loss was recorded despite significant measures introduced by British billionaire Sir Jim Ratcliffe, the club’s minority owner and football operations chief, to […]
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The dispute surrounding the lack of promotion and relegation in Mexican football has reached the national Senate, where lawmakers said a reform aimed at bringing back the system will be introduced on Tuesday. Senator Clemente Castañeda, a member of the Movimiento Ciudadano party, presented the proposal with support from leaders of other political groups, including […]
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Kylian Mbappé has concluded his two-decade partnership with Nike after agreeing to a footwear deal with Swiss rival On. The sportswear and lifestyle company, previously known mainly for running and tennis products, is preparing a significant expansion into football next year. It has also named Thierry Henry as its director of football. Roger Federer, who […]
Continue ReadingChelsea’s controlling shareholder, Clearlake Capital, is reportedly nearing a deal to acquire the interests held by fellow owners Todd Boehly and Mark Walter. The transaction would generate a return for both investors and place the club’s overall valuation at approximately £5bn. Discussions between the two ownership sides about a possible sale have taken place intermittently […]
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Ten of the Premier League’s 20 teams currently have sponsorship or promotional agreements with gambling businesses that lack UK licences, arrangements that could become unlawful next year under government proposals. An eight-week consultation on plans to prohibit sponsorship by gambling firms without UK authorisation ends on Wednesday. Licensed brands including Ladbrokes and William Hill are […]
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Charlton’s American ownership group has placed the club on the market, three years after completing its takeover at the Valley. The Championship side has reportedly appointed Oakwell Sports Advisory to identify a buyer who could become its fifth owner in six years. Marketing material distributed to prospective investors presents Charlton as a rare London football […]
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Fifa argues that its proposal to sell World Cup stakes to private investors would provide its 211 member associations with additional funding for football development. Past experience, however, suggests that these resources have not always produced equal benefits. Millions have either disappeared or been diverted from their intended purpose, while Fifa has frequently intervened only […]
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Fifa has revealed a proposal to offer private investors stakes in the commercial rights to its competitions, including the World Cup. The contentious initiative immediately drew criticism from Uefa and several prominent European clubs. In a sharply worded response, Uefa accused Fifa of “putting football’s soul up for sale” and is reportedly assessing possible legal […]
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