A monthly compilation of interesting business news related to soccer. January 2012.
Bayern chief assails FIFA president Blatter – January 5th
“Blatter has to clearly state over the 12 months how he intends to dry out this swamp and if he fails there must be a possibility to remove him,” Hoeness told the Munich newspaper Sueddeutsche Zeitung in an interview published on Thursday, on the occasion of his 60th birthday.
Full Article >> Times of India
Rangers delisted from stock exchange – January 6th
Rangers have seen their shares suspended from trading on the stock exchange after submitting unaudited accounts. The club also confirmed in a statement that they were considering withdrawing their listing on the exchange in the long term.
Rangers released their annual financial figures on November 30th, but did not get them signed off by an independent auditor as required by exchange rules, amid financial uncertainty caused by their ongoing tax case with British Revenue and Customs.
Full Article >> Irish Times
Tottenham delist shares in bid to fund stadium – January 16th
Tottenham have made further efforts to secure their funding for a new stadium by de-listing their shares from the stock market, The Daily Mail reports.
The club confirmed that their final day of trading was January 13th before they would return to private ownership.
Full Article >> A Different League
FIFA targets World Cup profits of $1.2 billion – January 19th
FIFA secretary general Jerome Valcke expects the 2014 World Cup to help generate profits of US$1.2 billion for FIFA, almost double the figure achieved from the 2010 tournament in South Africa.
Speaking on Thursday as Brazil 2014 staged a local organising committee (LOC) board meeting in Rio de Janeiro; Valcke outlined his expectations for the 2010-2014 financial cycle. “The 2014 World Cup should bring in $3.5 billion, while expenditure should reach $2.3 billion in the same period,” he said, according to AFP. “FIFA will thus achieve a positive result of $1.2 billion.”
Full Article >> Soccerex
UEFA: Platini didn’t ‘promise’ Euro 2020 to Turkey – January 20th
UEFA dismissed reports that its President Michel Platini promised Turkey it will host the 2020 European Championship.
Meanwhile, the Turkish Football Federation said on Friday it will consider bidding for Euro 2020 depending on whether Istanbul makes the shortlist for the 2020 Olympics.
UEFA said “unfounded statements” appeared in Turkish media suggesting Platini assured Turkish Football Federation officials theywould win their fourth successive bid.
Full Article >> Sports Illustrated
Tevez’s £9.3m City feud – January 24th
Carlos Tevez’s refusal to return to Manchester City will cost the Argentine striker a staggering £9.3 million in fines and withdrawn loyalty payments.
Meanwhile, City’s chairman Khaldoon Al Mubarak also warned Tevez that he will be forced to stay at City for the next two-and-a-half years unless the club receive an offer they believe reflects his market value – believed to be above €30 million.
Full Article >> ESPN
Bundesliga records €52.5 million profit – January 25th
The Bundesliga made a profit of €52.5 million (£44 million/$69 million) in 2010-2011, translating to an increase of €130 million (£109 million/$171 million) from the previous year’s figures.
The impressive numbers came just after UEFA revealed that in 2010 European teams racked up a staggering €1.6 billion (£1.3 billion/$2 billion) in debt.
The Bundesliga also generated record revenue in 2010/11, bringing in almost €2 billion (£1.67 million/$2.63 billion).
Full Article >> InsideWorldFootball
UEFA reveals €1.6bn losses for clubs – January 26th
Europe’s top-flight clubs have reported annual losses totalling a jaw-dropping €1.6 billion (£1.3bn), UEFA’s latest club licensing report has revealed.
The latest figures, for 2010, show overall losses from the leading leagues around the continent are up from €1.2 billion (£1bn) the year before – a 36% rise.
UEFA said there were some positive changes including a 6.6% rise in overall income, a small drop in the proportion of clubs’ revenue going on players’ wages, and an increase in the number of home-grown players in the Champions League.
Full Article >> ESPN
Bankruptcy forces Blatter’s Xamax to fold – January 26th
Swiss side Neuchatel Xamax slipped from crisis into shame and near-oblivion Thursday, as its Chechen owner was arrested hours after declaring the club bankrupt.
Bulat Chagaev was detained by authorities in Geneva, who had been investigating him for suspected fraud, to prevent “financial mismanagement”.
Hours earlier, Xamax said it would file for bankruptcy, then was formally declared bankrupt by a court in the state (canton) of Neuchatel.
The two-time Swiss champion, whose honorary president is Sepp Blatter, will drop out of the Swiss Super League midseason.
Full Article >> Adelaide Now
Platini renews call for 2022 World Cup in winter – January 27th
European football chief Michel Platini has renewed his calls for the 2022 World Cup to be staged in the middle of the European winter to avoid the searing summer heat of Qatar.
UEFA supremo Platini, widely regarded as the heir apparent to FIFA President Sepp Blatter, indicated in an interview with The Daily Telegraph he plans to push for the tournament to be moved from its traditional slot in June and July.
Any move to reschedule the World Cup is likely to meet with strong resistance from top leagues across Europe, which have estimated it will bring scheduling problems for three years leading into the tournament.
Full Article >> Associated Free Press
W.P.S. Suspends Operations – January 30th
Less than a day after the United States women’s national team won the regional qualifying tournament for this summer’s London Olympics, the top professional soccer league for women in the United States, the five-team Women’s Professional Soccer, announced that it has suspended operations for the 2012 season and hoped to return to the field with eight teams in 2013.
Full Article >> Goal NYTimes
Portsmouth fail to pay players’ wages – January 30th
Portsmouth have failed to pay their players’ wages for January, the club have announced in a statement.
The club were issued with a winding-up petition by HM Revenue and Customs on 3 January and will appear at the Royal Courts of Justice on 20 February.
Portsmouth have had their bank accounts frozen as a result of the petition.
Pompey’s parent company, Convers Sports Initiatives, entered administration in November, forcing the Championship club to search for new owners.
Full Article >> BBC