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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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 […]
Continue ReadingThe global governing body is set to declare unprecedented earnings of $15bn (£11.2bn) from this summer’s flagship tournament, far surpassing the financial goals established before the competition began. Member associations were briefed on the revenue surge by Gianni Infantino on Saturday. The organization had originally forecast $11bn in income. Reports suggest that hospitality packages and […]
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