Chelsea owner Todd Boehly named chairman as Marina Granovskaia exit confirmed June 22, 2022 Chelsea have confirmed that co-owner Todd Boehly will be the football club’s new chairman and that influential director Marina Granovskaia is to leave Stamford Bridge. American Boehly led the consortium that bought the club from Roman Abramovich last month after the Russian oligarch’s assets were frozen by the UK government. He is to be joined [...]
Blurred lines: Athlete investors on rise as brands embrace new ways to partner with sport stars June 22, 2022 When Anthony Joshua and Dazn announced a new partnership last week, one of the most eye-catching aspects of the deal was that it involved the British heavyweight boxer acquiring a stake in the sports streaming platform. It was just the latest example of a prominent athlete cultivating a business portfolio to complement their sporting career. [...]
Young footballers ‘risking most of their wages on crypto’ prompts growing concerns June 21, 2022 Football has a “big problem” with young players risking the majority of their pay on cryptocurrencies, says a leading financial adviser to the sports industry. Players are being sucked in by social media content that ignores the major risks of investing in crypto, says Ben Smith, a partner at FLM. “I have seen lots of [...]
Paris Saint-Germain exec blasts LaLiga: ‘The last person we’ll take lessons from is Javier Tebas’ June 16, 2022 Paris Saint-Germain executives have issued a withering retort to LaLiga president Javier Tebas after the Spanish football chief accused the French club of breaking financial rules. LaLiga announced on Tuesday that it has lodged a formal complaint about Qatar-owned PSG’s spending with European football’s governing body Uefa. It follows PSG retaining the services of superstar [...]
Apple makes biggest sports rights bet so far on 10-year, £2bn Major League Soccer deal June 15, 2022 Apple has agreed to pay $2.5bn (£2.1bn) for the global streaming rights to Major League Soccer for the next 10 years. The deal with the top division of men’s football in the US and Canada represents the tech giant’s biggest investment in sports rights so far. Apple, which bought a package of Major League Baseball [...]
Burnley appoint Vincent Kompany as new manager June 14, 2022 Championship outfit Burnley have appointed former Manchester City player Vincent Kompany as their new manager. The Clarets were relegated from the Premier League following the recent conclusion of the season and will compete in their first Championship season since 2015-2016 this summer. Kompany, 36, joins after a spell with Belgium’s Anderlecht – where he guided [...]
Liverpool agree club record £85m transfer fee for Benfica striker Darwin Nunez June 13, 2022 Liverpool have agreed a £85m deal to make Benfica striker Darwin Nunez their record signing, the Portuguese club have confirmed. The Premier League team will pay a guaranteed £64m, plus additional performance-related fees up to a maximum of £21m. Uruguay international Nunez, who scored 34 goals in 41 games last season, is due to undergo [...]
Ed Warner: Team sportspeople like Gareth Bale are held to double standards over loyalty June 9, 2022 Commentary stat of last weekend for me was that Gareth Bale has spent more time on a football pitch for Wales this season than for Real Madrid. Having run down his lucrative contract with the Spanish club, Bale is now a free agent – the footballing equivalent of the golfers signing up for this week’s [...]
Manchester City want more signings after Haaland, says chairman Al Mubarak May 31, 2022 Manchester City plan to follow the recruitment of Erling Haaland with more summer signings, says chairman Khaldoon Al Mubarak. The Premier League champions beat a host of top clubs to lure prolific Norway striker Haaland from Borussia Dortmund earlier this month. City have also been linked with moves for Leeds and England midfielder Kalvin Phillips [...]
Chelsea Board of Directors confirm sale of club to Todd Boehly consortium completed May 30, 2022 Chelsea have today completed the sale of the Premier League outfit to the consortium led by Todd Boehly and Clearlake Capital. With the £4.25bn takeover completed, Roman Abramovich’s 19-year relationship with the London club as owner has come to a conclusion. In a statement, the board of directors said: “We would like to think all [...]