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☆ ‘Peasants vs. Marie Antoinette’: What the Premier League does with its billions of dollars is riling 72 other soccer clubs
▼ + stars: | 2024-04-18 | by ( Ben Morse | ) edition.cnn.com time to read: +11 min

DisparityThanks to its multi-billion-dollar TV deals, the Premier League is often celebrated as a UK Inc. success story. Andrew Powell/Liverpool FC/Getty ImagesBy targeting talents from lower-league academies, Premier League clubs don’t have to pay inflated transfer fees. The mooted introduction of an independent regulator comes against the backdrop of some Premier League clubs falling foul of the Premier League’s Profitability and Sustainability Rules (PSR). Earlier this month, Everton were handed a further two-point deduction for allegedly breaching Premier League financial rules. Relegated from the Premier League in 2023, Leicester denies any wrongdoing and opened legal proceedings against the Premier League and the EFL, but could face a points deduction if found guilty.

Persons: Abu, –, Kieran Maguire, Marie Antoinette ”, Marie Antoinette, – James McConnell –, Gabriele Biancheri, James McConnell, Bobby Clark, Andrew Powell, Caroline Dinenage, Maguire, Richard Masters, ” Maguire, ”, “, ” Masters, Phil Noble, we’ve, It’s, Mike Egerton, they’ve Organizations: CNN —, Manchester City, League, Reading FC –, Reading, English Football League, CNN, British, Premier League, Inc, Sunderland, Manchester United, Cardiff City, Liverpool, Chelsea, Liverpool FC, Getty, Premier League clubs, Culture , Media, Sport Committee, Premier League clubs “, Premier League’s, ” CNN, The Times, European Super League, National League, Everton, Nottingham Forest, Manchester City –, Reuters, Nottingham, “ Premier League, Leicester City, Leicester Locations: Istanbul, Manchester, Abu Dhabi, France, Europe, England’s, Britain's

☆ New 'Super League' plan is provoking negative reaction, lecturer says
▼ + stars: | 2023-12-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew 'Super League' plan is provoking negative reaction, lecturer saysKieran Maguire, football finance lecturer at the University of Liverpool, says a 'European Super League' for soccer is unlikely to take place in its current format, amid vocal fan opposition.

Persons: Kieran Maguire Organizations: League, University of Liverpool Locations: European

☆ The laws British PM Sunak wants to pass before the next election
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +5 min

The King's Speech - given by the monarch but written by government ministers - opens the new session of parliament. This is likely to be the last one before the election, which must be held by January 2025, and many policies were aimed at appealing to voters. CIGARETTES AND VAPESThe Tobacco and Vapes Bill will deliver on Sunak's promise made last month to phase out all tobacco sales in England. SOCCER REGULATORThe government plans to set up an independent football regulator, who will be responsible for scrutinising club owners and their financial resources. The new legislation will require owners to ensure fans are consulted on changes to club's badges, names and shirt colours.

Persons: Rishi Sunak, Keir Starmer, Hannah McKay, King Charles, Bill, Andrew MacAskill, Alistair Smout, Elizabeth Piper, Alex Richardson, Barbara Lewis Organizations: British, Labour Party, REUTERS, Conservatives, Petroleum, Markets, Competition, Consumers, SOCCER, Super League, Trans, Pacific, Thomson Locations: London, Britain, England, North, Freehold, Wales, Pacific, Australia, Japan

☆ Independent Regulator to safeguard English clubs
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

The Independent Regulator for Football (IREF) will have the power to step in to address cash flow and other systemic issues within clubs, many of which are financially vulnerable. "Legislation will be brought forward to safeguard the future of football clubs for the communities and fans," King Charles said of the Football Governance Bill in his speech. Fair Game, a band of clubs campaigning to improve football governance, described the announcement as an "historic moment for football". It is a unique strength of the English game and something that must be protected and nurtured," Parry said. Since the 1999-2000 season, 19 out of 23 Premier League seasons resulted in pre-tax losses for all clubs combined.

Persons: Park, Newcastle United's Kieran Trippier, Lee Smith, Rishi Sunak, King Charles, Niall Couper, Rick Parry, Parry, Tracey Crouch, Crouch, Lori Ewing, Ed Osmond Organizations: Soccer Football, Premier League, Newcastle United, James, Newcastle, British, Independent Regulator, Football, Bury FC, Super League, Sheffield, Reading, Scunthorpe United, English Football, Former Sports, England, Independent, LaLiga, Premier, Thomson Locations: Newcastle, Britain

☆ Juventus deny withdrawal from Super League project
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

MADRID, June 6 (Reuters) - Juventus have not withdrawn from the European Super League (ESL) project, the Italian club said on Tuesday following a media report that they had sent Real Madrid and Barcelona a letter informing them of their departure. But Juve added that they will discuss with Real and Barca, the other clubs remaining in the project, a potential exit. "Juventus will proceed with any communications due under the law following the outcome of the discussions and evaluations (regarding a potential exit)," the club said. A spokesperson for the Super League was not immediately able to comment. The breakaway Super League was formed in April 2021, when 12 of Europe's top football clubs launched a bid to wrestle control of the game and its lucrative revenue away from European soccer governing body UEFA.

Persons: Barca, David Latona, Elvira Pollina, Joan Faus, Emma Pinedo, Janina Nuno Rios, Inti Landauro, Ken Ferris Organizations: Juventus, European Super League, Real Madrid, Juve, Real, Barca, UEFA, Super League, League, Manchester United, Manchester, Tottenham Hotspur, Arsenal, AC Milan, Inter Milan, Atletico Madrid, Thomson Locations: MADRID, Barcelona, Manchester City, Liverpool

"Our commitment to Juventus is unchanged and no meetings have taken place," a spokesperson for Exor said when asked to comment by Reuters on Friday. Juventus also faces potential new penalties, including further points deductions, in a separate case over alleged irregularities in payments to players. The Agnelli family has owned the club, which it listed in 2001, almost uninterrupted since 1923. New potential co-investors could include Middle Eastern or Asian sovereign wealth funds, or U.S. funds or family offices, two sources said. Juventus ranked 11th in Deloitte's European Money League published in January, based on its annual revenue of 400 million euros in 2021/22.

☆ England's prized soccer league to face regulation and tough new ownership rules
▼ + stars: | 2023-02-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Fans of Chelsea Football Club protest against the European Super League outside Stamford Bridge on April 20, 2021 in London, England. LONDON — The U.K. government on Thursday confirmed plans to set up an independent regulator to oversee soccer clubs following a slew of controversies around acquisitions, new tournament plans and allegations of financial rule-breaking. It follows widespread fan opposition to plans for a new European Super League in 2021. Rights groups have previously insisted that potential Premier League club owners should be subjected to human rights probes. Currently, the rules prohibit prospective owners that have previous criminal convictions or breaches of major football regulations.

☆ Government gives green light to independent regulator for English game
▼ + stars: | 2023-02-22 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

Once made law, the Government says the independent regulator would have statutory powers to license and sanction clubs, oversee the financial sustainability of the game and prevent unscrupulous owners buying clubs. It would also have the power to prevent English clubs joining breakaway competitions such as the European Super League which six Premier League clubs signalled their intent to join in 2021 before abandoning plans after a fans' backlash. Although the Premier League, launched in 1992, has been an unprecedented financial success, lower down the English pyramid the situation has been grim. Reacting to the publication of the white paper, Derby owner David Clowes said: "Derby County stared extinction in the face for far too long. The Government says the independent regulator would have targeted powers as a "last resort" to facilitate agreement on the redistribution of funds.

Manchester United, INEOS, Tesla and Musk did not reply to requests for comment. "For potential buyers, football clubs like Manchester United are considered trophy assets driven by the perception of exclusivity. The size of that bid has fuelled speculation Manchester United will attract significantly more. Manchester United is the fourth richest soccer club in the world, according to analysis by Deloitte. A small portion of Manchester United shares is listed on the New York Stock Exchange.

☆ A future European Super League could have 80 clubs - A22 CEO
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/IllustrationBERLIN, Feb 9 (Reuters) - A future European Super League could include as many as 80 teams, Bernd Reichart, the chief executive of A22 Sports Management, a company formed to sponsor and assist in the creation of a breakaway soccer league, said on Thursday. "The vast majority of them share the assessment that the very foundation of European football is under threat, and it is time for change," A22 said. "Feedback suggests a European football league that is open, based solely on sporting merit, multidivisional with 60 to 80 clubs and a minimum of 14 guaranteed European matches per club." Real Madrid, Barcelona and Juventus were among 12 clubs to announce a breakaway Super League in April 2021. "The walking corpse that is the European Super League twitches again with all the self-awareness one associates with a zombie," said FSA chief executive Kevin Miles in a statement.

☆ Rule-bending Chelsea take transfer gamble to give Potter ultimate selection headache
▼ + stars: | 2023-02-01 | by ( Peter Hall | ) www.reuters.com time to read: +4 min

Premier League soccer clubs spent a record 815 million pounds ($1.00 billion) in the January transfer window, an analysis from Deloitte's Sports Business Group said on Wednesday. It has, however, angered those who claim the Premier League is becoming a de facto European Super League due to its spending power. "What I'm worried about is the Premier League, and I've been worried for many years now," Spain's La Liga president Javier Tebas told a new conference this month. There is no sustainability in the Premier League. The Premier League is not a financially sustainable model."

☆ Exclusive: JPMorgan looking to finance Italy's Serie A for up to 1 bln euros - sources
▼ + stars: | 2023-01-26 | by ( Elvira Pollina | ) www.reuters.com time to read: +2 min

The sources said the 20 clubs which comprise Serie A were informed of the interest by the U.S. bank at a closed-door meeting of their top executives on Thursday. Serie A has been looking at options to extract more money from its media rights, which account for roughly half the revenues of its clubs. Like other European soccer leagues, Serie A lags behind England's Premier League in terms of income and is looking at ways to revive its global appeal. Back in 2021 JPMorgan had offered to support soccer clubs looking to launch a breakaway European Super League, a plan which collapsed due to a storm of protest from fans and politicians. The sources said the Serie A clubs will assess in the coming weeks how to proceed in relation to the interest expressed by both the funds and JPMorgan.

☆ Exclusive: JPMorgan looking to finance Italy's Serie A for up to 1 bln euros -sources
▼ + stars: | 2023-01-26 | by ( Elvira Pollina | ) www.reuters.com time to read: +4 min

The sources said the 20 clubs that comprise Serie A were informed of the interest by the U.S. bank at a closed-door meeting of their top executives on Thursday. Serie A has been looking at options to extract more money from its media rights, which account for roughly half the revenues of its clubs. Like other European soccer leagues, Serie A lags England's Premier League in terms of income and is looking at ways to revive its global appeal. The sources said Serie A clubs learnt on Thursday that Apollo Global Management (APO.N) had also come forward, without providing further details. Prior to that meeting, clubs are due to discuss in mid-February the sale process of the media rights, which is expected to start later this year.

☆ Agnelli warns of Premier League dominance as he quits Juventus
▼ + stars: | 2023-01-18 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +4 min

SummarySummary Companies Agnelli warns Premier League will marginalise rivalsStepping down from Juventus and two other board rolesNew Juventus board faces legal battle over accountsTURIN, Italy, Jan 18 (Reuters) - Outgoing Juventus <JUVE.MI> Chairman Andrea Agnelli, who could face trial over the club's accounting, signed off on Wednesday with a plea for reform of European soccer to counteract the power of the English Premier League. As well as leaving Juventus, Agnelli also said he would step down from his board roles at carmaker Stellantis (STLA.MI) and Exor (EXOR.AS), the Agnelli family holding company which controls the football club. Prosecutors in Turin have requested that Agnelli, 11 other people and the club stand trial over allegations of false accounting. "I believed and still believe that European soccer needs structural reforms to tackle the future," he said. Andrea Agnelli retains his role as board member at Giovanni Agnelli B.V., Exor's controlling shareholder, which groups all descendants of Fiat founder Giovanni Agnelli.

☆ Who could buy Manchester United and how much is it worth?
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +3 min

Jan 18 (Reuters) - Jim Ratcliffe's company INEOS formally entered the bidding process to buy Manchester United on Tuesday, months after the club owners, the Glazer family, said they were considering selling the club as they explore "strategic alternatives". MIDDLE EASTERN INVESTORSUnited's local rivals Manchester City are bankrolled by the Abu Dhabi United Group, while Saudi Arabia's Public Investment Fund completed a 300 million pound buyout of Newcastle United in 2021. Bloomberg News reported this week that United, Tottenham Hotspur or Liverpool were being targeted by QSI for a potential acquisition. The Times newspaper, which first reported Ratcliffe's INEOS entering the bidding, said that interest from the United States and Asia is also expected. Asked by the BBC at the time if he needed to raise four billion pounds to buy United, O'Neill said: "I'm not sure if it'll necessarily be that much, but let's see."

☆ Why Liverpool and Manchester United, two giants of soccer, are up for sale at the same time
▼ + stars: | 2022-12-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

In November, the owners of first Liverpool and then Manchester United confirmed they were open to new investment offers, with the potential for full sales of the top flight English clubs. Meanwhile New York-listed shares in Manchester United popped 18% on the news on Nov. 23 that its owners were similarly opening themselves up to investment opportunities. Big money competition One recurring complaint Manchester United fans have had of the Glazers is a lack of investment in the club, across both facilities and players. Old Trafford Stadium, the home of Manchester United Football Club. "In the cases of Liverpool and Manchester United, both owners have held the clubs for a long time, and both assets have appreciated a lot as their leagues and brands and global fan bases have developed.

☆ FIFA and UEFA did not breach EU laws in blocking European Super League, but proponents aren’t for giving up
▼ + stars: | 2022-12-15 | by ( Sammy Mngqosini | ) edition.cnn.com time to read: +4 min

CNN —The decisions taken by soccer bodies FIFA and UEFA to block the European Super League (ESL) are in line with European Union (EU) competition laws, according to an EU Opinion issued on Thursday. “The FIFA-UEFA rules under which any new competition is subject to prior approval are compatible with EU competition law,” Advocate General Athanasios Rantos at the EU Court of Justice (CJEU) said. The ESL was set up in 2021 by 12 European clubs with the intention to break away from European football governing body UEFA to create their very own competition. FIFA also welcomes the Advocate General’s recognition of FIFA’s exclusive rights to market international competitions organized by FIFA. Fans of Chelsea Football Club protest against the European Super League outside Stamford Bridge on April 20, 2021.

☆ FIFA, UEFA rules compatible with EU competition rules, EU court adviser says
▼ + stars: | 2022-12-15 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, Dec 15 (Reuters) - Soccer bodies UEFA and FIFA's rules giving them the right to block clubs from joining a breakaway league and penalise players who do so are compatible with EU antitrust laws, an adviser to Europe's top court said on Thursday. The case centres on the dispute between UEFA, FIFA and the European Super League last year but could also impact other sports, clubs and players tempted by lucrative deals offered by rebel bodies and seeking to cash in during relatively short careers. The Super League took its case to a Spanish court which subsequently sought guidance from the Luxembourg-based Court of Justice of the European Union (CJEU). "The FIFA-UEFA rules under which any new competition is subject to prior approval are compatible with EU competition law," Advocate General Athanasios Rantos at the EU Court of Justice (CJEU), Europe's highest, said. While the Super League is free to set up its own independent football competition outside the UEFA and FIFA ecosystem, it cannot at the same time continue to participate in FIFA and UEFA football competitions without their prior authorisation, he said.

The PSG chaiman also told Anderson that he believes media criticism of the country was down to the fact that many had not visited Qatar. The 49-year-old told Anderson that PSG would want any potential bidder to share a long-term commitment to the club. The 49-year-old told Anderson that he remains opposed to the idea, but is not against other changes. Al-Khelaifi told Anderson that PSG has a two-year contract with Messi, but will discuss his next steps after the tournament ends. Al-Khelaifi told Anderson he expected the star to be okay for the tournament’s knock-out stages, but that he needs referees to give him more protection.

☆ Manchester United owners consider selling club
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +4 min

The owners are under pressure with United sitting fifth in the Premier League halfway through the season, which has been suspended because of the current Qatar World Cup. Manchester United shares jumped as much as 20% after Sky News first reported on the sale process, giving the club a market capitalisation of $2.6 billion. The Raine Group is acting as financial adviser and Latham & Watkins LLP is the legal adviser to Manchester United. It was the first Premier League match to be postponed because of a protest. United finished sixth last season in their worst Premier League campaign in terms of points earned, failing to qualify for the lucrative European Champions League competition.

☆ Arsenal: Cautious optimism surrounds resurgence with fans uniting behind Mikel Arteta
▼ + stars: | 2022-11-05 | by ( Ben Church | ) edition.cnn.com time to read: +9 min

The men’s team sits atop the English Premier League, with a manager full of ideas and a fearless new generation breaking through into the first team. Arteta’s Arsenal now leads Manchester City in the Premier League – a team that is touted for greatness – and shows very little signs of slowing down. He took his shirt off, swore at the Arsenal fans and stormed down the tunnel in what looked to be his last act as a player for the club. The realistic expectation, then, is not necessarily to win the Premier League title but to cement itself back in the Champions League. The Premier League will pause for over a month as many of Arsenal’s players will travel to the Gulf nation to join their respective teams.

☆ Juventus crashes out of Champions League to compound season’s woeful start
▼ + stars: | 2022-10-26 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

Another Champions League defeat, this time a 4-3 loss away to Benfica, ensured Juventus’ exit from the competition at the group stage for the first time in nine years. Juventus faces the prospect of missing out on next season's Champions League. There is no denying the current side is considerably weaker than the Juve teams of recent years, but eighth in Serie A and Champions League misery are still well below this season’s expectations. Samuel Iling-Junior was a bright spark in Juventus' defeat. Juventus’ season is by no means over, but three huge games in the next week against Lecce, PSG and Inter Milan could go a long way to defining its outcome.

☆ Super Liga a fost suspendată! 7 cluburi s-au retras
▼ + stars: | 2021-04-21 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

europeană, competiţie care a fost înfiinţată luni, 19 aprilie, a fost suspendată azi, 21 aprilie. Anunţul a fost făcut după ce cluburile engleze, 6 la număr, au decis să se retragă. Competiţia a fost suspendată, pentru că nu mai poate fi susţinută, în actuala formulă, scrie DigiSport. Super Liga a fost suspendată, iar anunţul este acum oficial. Super Liga este suspendată", au anunţat cei de la European Super League, într-un comunicat oficial postat pe Twitter de Fabrizio Romano.

Persons: Anunţul, Fabrizio Romano Organizations: Inter Milano, Manchester City, Manchester United, Chelsea, Arsenal, Tottenham, Premier League, Ligii, Competiţia, Liga Locations: Liverpool

☆ Super Liga a fost suspendată! 7 cluburi s-au retras. Anunţul oficial
▼ + stars: | 2021-04-21 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: Getty ImagesSuper Liga a fost suspendată! Anunţul oficialSuper Liga europeană, competiţie care a fost înfiinţată luni, 19 aprilie, a fost suspendată azi, 21 aprilie. Competiţia a fost suspendată, pentru că nu mai poate fi susţinută, în actuala formulă. Super Liga a fost suspendată, iar anunţul este acum oficial. Super Liga este suspendată", au anunţat cei de la European Super League, într-un comunicat oficial postat pe Twitter de Fabrizio Romano.

Persons: Anunţul, Fabrizio Romano Organizations: Liga, Inter Milano, Manchester City, Manchester United, Chelsea, Arsenal, Tottenham, Premier League, Ligii, Competiţia Locations: Liverpool

☆ Jose Mourinho a fost demis din funcția de manager al clubului de fotbal Tottenham Hotspur
▼ + stars: | 2021-04-19 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

Jose Mourinho a fost demis din funcția de manager al clubului de fotbal Tottenham HotspurRemiza cu Everton, din campionat, a fost picătura care a umplut paharul, iar aceasta a venit după eșecul cu Manchester United, 1-3. Un nou manager va fi numit în vară. Tottenham a avut un parcurs foarte slab în 2021, după ce în decembrie anul trecut se afla pe prima poziție în Premier League. Mourinho antrena echipa din decembrie 2019 și ocupa în prezent poziția a 7-a în prima ligă engleză. Cu el pe bancă, Tottenham a avut 45 de victorii, 17 remize și 24 de înfrângeri în toate competițiile.

Persons: Jose Mourinho, ., Tottenham, Mourinho Organizations: Tottenham, Everton, Manchester United, League, UEFA, FIFA, Premier League Locations: engleză

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