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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

☆ Premier League signs $8.45bn TV deal as controversial season continues to excite
▼ + stars: | 2023-12-05 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Stunning goals, refereeing howlers and dramatic comebacks: it was another box office weekend in the Premier League, which helps explain why English top-flight soccer has become such a lucrative and appealing product. All three deals will cover a four-year period starting from the 2025/26 season and will see some changes to the current schedule. In total, TNT Sports will show 52 live matches per season under the new agreement, while Sky Sports will show a minimum of 215 games. “It’s hugely exciting to continue to bring fans exclusive Premier League matches for the next five seasons,” Andrew Georgiou, President and MD, UK & Ireland and WBD Sports Europe, said in a statement. Meanwhile, CEO of Sky Group Dana Strong said: “We are proud of our long history with the Premier League and look forward to delivering more engagement, entertainment, and innovation to the end of the decade.”Like CNN, TNT Sports is owned by Warner Bros.

Persons: ”, Richard Masters, “, ” Andrew Georgiou, Dana Strong Organizations: CNN, Premier League, Sky Sports, TNT Sports, BBC, ” Premier League, & Ireland, WBD Sports, Sky, Warner Bros . Locations: WBD Sports Europe

☆ The Premier League is missing key players like Cristiano Ronaldo and N'Golo Kanté. They've left for the Saudi Pro League.
▼ + stars: | 2023-08-25 | by ( Will Gendron | Nathan Rennolds | ) www.businessinsider.com time to read: +5 min

The English Premier League kicked off this month without key players like Cristiano Ronaldo and N'Golo Kanté. They have opted to join the Saudi Pro League instead, which has been poaching the world's best players. They've joined the dozens of players flocking to the Saudi Pro League in Saudi Arabia. Saudi Pro League clubs are also targeting high-profile managers in their push to develop the sport in the country. "Something new is obviously happening" in regards to the Saudi Pro League, Richard Masters, the CEO of the Premier League, told the BBC last month.

Persons: Cristiano Ronaldo, N'Golo Kanté, Jordan Henderson, Riyad, Rúben Neves, They've, Neymar, Getty, Michael Reaves, Rumblings, Ronaldo, Hilal, Kylian Mbappé, phenom, Prince Al Waleed bin Talal, Karim Benzema, Sadio Mané, Steven Gerrard, Shaun Botterill, doesn't, Nuno Espírito Santo, LIV, Richard Masters Organizations: English Premier League, Saudi Pro League, Premier League, Eastern, BBC, Investment Fund, Guardian, Saudi, Al, He'll, Chelsea, France, ESPN, Forbes, Paris Saint Germain, Boeing, Bayern Munich, Liverpool, Scottish, Rangers, Aston Villa, Tottenham Hotspur, Saudi Public Investment Fund Locations: Saudi Arabia, Saudi, Hilal, Paris, Brazil, Barcelona, Real Madrid, France

☆ Premier League investigating Chelsea over possible financial violations
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

Chelsea's new owners self-reported a number of financial transactions during the Abramovich era to European soccer's governing body UEFA, the Premier League and the FA. "We have been pretty open about the historic issues with regard to Chelsea because they self-reported to the Premier League and to the FA so it is obvious we are looking into that," Masters told the newspaper. "If the Premier League believes a club has breached the financial regulations and there is a case to answer, that case will be put to the club." "We want due process to be served in as efficient a way as possible, as quickly as possible," Masters added. Chelsea, who finished 12th in the Premier League following a chaotic campaign, will not be competing in Europe in 2023-24.

Persons: Mauricio Pochettino, Matthew Childs, Roman, Richard Masters, Abramovich, Todd Boehly, Masters, Tommy Lund, Pritha Sarkar Organizations: Soccer Football, Chelsea, Premier League, Britain's Times, Clearlake, UEFA, Times, London, Thomson Locations: Stamford, London, Britain, American, Russian, Ukraine, Moscow, Chelsea, Europe, Gdansk

☆ English football authorities launch measures to tackle behaviour, tragedy abuse
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +3 min

A Tottenham Hotspur fan was also banned from games for three years after making gestures mocking the Hillsborough tragedy at the Premier League match between Liverpool and Spurs in April. Liverpool called for an end to "vile chants" about the Hillsborough disaster after they were heard during April's Premier League draw with Chelsea at Stamford Bridge. 'INCREDIBLE POWER'Signatories of the new disciplinary charter include the FA, Premier League, English Football League (EFL) and Women's Super League (WSL). During the match only one person can stand at the front of the technical area and while a second person can stand they "must remain very close to the technical area seating". Nobody from the technical area can "enter the pitch to confront any match official at halftime or full-time".

Persons: Douglas Mackay, Richard Masters, Pearl Josephine Nazare, Ken Ferris Organizations: Manchester United, Manchester City, Tottenham Hotspur, Premier League, Liverpool, Spurs, April's Premier League, Chelsea, Stamford, Sports National, FA, English Football League, Super League, Academy, Thomson Locations: Hillsborough, Liverpool, Bengaluru

☆ Kylian Mbappé: NBA stars joke about superstar’s reported salary offer from Saudi club Al Hilal
▼ + stars: | 2023-07-25 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

It’s a proposed deal which reportedly includes a staggering $775 million salary packet for the 24-year-old Mbappé. News of the offer spread through social media on Monday and caught the attention of the NBA’s biggest stars. Milwaukee Bucks star Giannis Antetokounmpo posted a picture of himself to Twitter, with the caption: “Al Hilal you can take me. It’s a figure dwarfed by the earnings that Mbappé would reportedly receive for one season at Al Hilal. CNN has reached out to PSG, Al Hilal and Mbappé’s representatives for comment.

Persons: Saint Germain, Al Hilal, It’s, Giannis Antetokounmpo, “ Al Hilal, ” Al Hilal, e nch ca, “ Organizations: CNN, PSG, Saudi, Milwaukee Bucks, Twitter Locations: Paris, Saudi Arabian, Al

☆ United States to host Premier League pre-season tournament
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: 1 min

April 11 (Reuters) - The United States will host a pre-season tournament featuring six Premier League clubs from July 22-30, the English top-flight league said on Tuesday. The six clubs involved in the tournament are Aston Villa, Brentford, Brighton & Hove Albion, Chelsea, Fulham and Newcastle United. "Our clubs have incredible supporters in the U.S., who passionately follow their teams throughout the season," Premier League Chief Executive Richard Masters said. The biennial 'Summer Series' tournament was launched in 2003, with the previous nine editions having taken place in China, Hong Kong, Malaysia, Singapore and Thailand. Reporting by Pearl Josephine Nazare in Bengaluru; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

The deal gives Sorare a four-year license to sell digital sports cards of players from all 20 Premier League clubs, Sorare said in a statement on Monday. Sky News reported in October that the deal could be worth 30 million pounds ($37.13 million) per year. Paris-based Sorare raised $680 million at a $4.3 billion valuation in a 2021 funding round led by SoftBank. Britain's gambling watchdog has been investigating Sorare since 2021 to assess whether its game amounts to gambling. "The way that supporters follow their favourite teams and players is evolving and the Premier League is always looking for ways to engage with fans," said Richard Masters, chief executive of the Premier League.

☆ The Department of Justice charged 2 men over helping to conceal Russian oligarch Viktor Vekselberg's ownership of a $90 million superyacht
▼ + stars: | 2023-01-21 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

Richard Masters and Vladislav Osipov were charged by the Department of Justice for sanctions evasion. The US has accused the pair of trying to conceal a sanctioned oligarch's ownership of a superyacht. Masters, 52, used a fake name for Viktor Vekselberg's "Tango," calling it the "Fanta," per DoJ. Prosecutors said Vladislav Osipov and Richard Masters had facilitated the operation of Vekselberg's $90 million yacht that was seized by Spanish authorities last April. Osipov designed a "complicated ownership structure of shell companies" to mask Vekselberg's ownership of the boat, called "Tango," according to the DoJ.

☆ U.S. charges two men with facilitating sanctions evasion of Russian oligarch's yacht
▼ + stars: | 2023-01-20 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

[1/2] The yacht called "Tango" owned by Russian billionaire Viktor Vekselberg, who was sanctioned by the U.S. on March 11, is seen at Palma de Mallorca Yacht Club in the Spanish island of Mallorca, Spain March 15, 2022. REUTERS/Juan MedinaWASHINGTON, Jan 20 (Reuters) - The U.S. government said on Friday it charged two businessmen, one Russian and one British, with allegedly facilitating a sanctions evasion and money laundering scheme in relation to a $90 million yacht of billionaire Russian oligarch Viktor Vekselberg. Washington imposed sanctions on Vekselberg in 2018 over alleged Russian interference in the 2016 U.S. election, and in 2022 over his ties to Russian President Vladimir Putin after Russia's invasion of Ukraine. Osipov, an employee of Vekselberg, designed a complicated ownership structure of shell companies to hide Vekselberg’s ownership of the yacht, the Justice Department alleged. Vekselberg owned the Renova group of companies, which operate in Russia's energy sector, according to the U.S. Treasury Department, which enforces sanctions.

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