Newcastle United: Financial boost from Saudi takeover revealed in Deloitte Football Money League 2023 January 19, 2023 Newcastle United’s financial transformation under Saudi ownership is highlighted by their return to the Deloitte Football Money League, a ranking of the world’s richest football clubs. The Magpies returned to the top 20 for the first time in four years last season, following their takeover by a consortium led by Saudi Arabia’s Public Investment Fund. [...]
Ed Warner: Cricket has a membership dilemma January 19, 2023 English cricket is braced to be declared institutionally racist. The results of an independent inquiry are imminent. The England and Wales Cricket Board is corralling the boards of the 18 first-class counties to prepare their statements of contrition. Quite what the hundred thousand-plus members of said counties will think is another matter, though. All but [...]
World’s richest football clubs 2023: Manchester City retain top spot as Premier League clubs dominate Deloitte Football Money League – see the full ranking January 19, 2023 Manchester City have retained their status as the world’s richest football club, according to the latest edition of the Deloitte Football Money League, which underlines the dominance of the Premier League. Abu Dhabi-owned City topped the annual list, which is based on revenue in the 2021-22 season, for a second year in a row, ahead [...]
Barcelona refinancers preparing minority bid for Manchester United January 18, 2023 United States investor Sixth Street, who were behind the refinancing of both Real Madrid and Barcelona, are reportedly preparing a minority investment in Manchester United. On Tuesday, one of Britain’s richest men Sir Jim Ratcliffe entered the race to buy the Premier League outfit. Some suggest that a full purchase of the club could cost [...]
Ineos founder Ratcliffe ‘formally’ enters race to buy Manchester United January 17, 2023 Founder of Ineos and one of Britain’s richest men Sir Jim Ratcliffe has officially entered the race to buy Premier League club Manchester United. The current owners, the Glazer family, have appointed a merchant bank – believed to be the Raine Group – to take bids for the Manchester Club, which could fetch up to [...]
Twitter, Facebook, Instagram and TikTok are ‘above the law’, say founders of Hoof, the British football app taking on the social media giants January 17, 2023 British tech start-up Hoof is aiming to “elevate the level of football discussion” with a new app that, unlike Twitter, Facebook and the other social media behemoths, stops abusive posts at source, its founders tell City A.M. If football and social media had a relationship status it would be “it’s complicated”. On the one hand [...]
Formula 1 confirms China BOOTED from 2023 calendar January 17, 2023 Formula 1 today confirmed that its calendar will remain at 23 races, meaning China’s hopes of returning to the F1 landscape has been put off for at least a year. Despite the Shanghai Grand Prix being named in the initial calendar for the 2023 Formula 1 season, it was removed over the country’s severe Covid-19 [...]
Premiership and English rugby chiefs accused by MP of ‘inert leadership’ January 17, 2023 The acting chair of a government committee this morning accused the Rugby Football Union and Premiership Rugby of “inert leadership”. Damian Green MP made the comment in response to the Department for Digital, Culture, Media and Sport Committee’s ‘Current issues in rugby union’ report, which said that the fall of Premiership clubs Wasps and Worcester [...]
Why Manchester United’s revival under Ten Hag feels more sustainable – and that’s good news for fans and the Glazers January 16, 2023 Manchester United’s post-Sir Alex Ferguson era has been a story of decline on and off the field but it looked to have sunk to a nadir in August of last year. A 4-0 thrashing at Brentford, who were playing in the third tier when Ferguson bowed out in 2013, left United bottom of the Premier [...]
Manchester United at Davos: Why has the for-sale Premier League club set up shop at the World Economic Forum? January 16, 2023 Manchester United have insisted that the club’s pop-up venue at Davos is not designed to drum up interest among the world’s super-rich in a possible £8bn sale. United’s owners, the Glazer family, put them on the market in November and bankers are reported to have invited bids for minority or majority stakes by next month. [...]