Tag: clubs
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Former Euroleague CEO warns clubs against surrendering control to NBA
Oct 22 : Former Euroleague CEO Jordi Bertomeu told Reuters on Thursday that the competition’s clubs should not give up control over their future in any collaboration with the NBA’s planned European league.The NBA is targeting October 2027 for the launch of NBA Europe, while Euroleague plans to expand its comp
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Commercial income powers Europe’s richest clubs as financial divide widens, study shows
MADRID, Oct 22 : Europe’s richest football clubs have built a commercial engine that generates almost half their income, helping underpin an expanding financial elite whose membership has proved harder to change than its revenues, a study shows.The report by consultancy Football Benchmark and World Football S
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Football regulator has ‘absolute power’ to force club owners to sell, says Kogan
MANCHESTER, England, Oct 21 : England’s new football regulator has the power to order a club owner to sell and could launch its own investigation once Manchester City’s appeal against a verdict that it committed 114 breaches of Premier League financial rules is resolved, its chair David Kogan said.Kogan, chai
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Real Madrid seek Super League setup payments from Premier League six
Oct 20 : Real Madrid are seeking contributions towards the setup costs of the failed European Super League project from the six Premier League clubs that withdrew shortly after its launch, the Spanish side confirmed to Reuters on Tuesday.The Athletic reported that the total costs could reach €80 million ($8
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NBA finalizing Europe league club deals, Tatum says
Oct 20 : The NBA is close to finalizing agreements with clubs for the initial phase of its own European league and plans to announce those teams soon, Deputy Commissioner Mark Tatum said on Tuesday while adding that the door to reaching an agreement with the Euroleague remains open.Tatum, speaking to reporte
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English football ‘dangerously exposed’ to financial risk, regulator finds
Oct 13 : English soccer clubs are “dangerously exposed” to financial risk, the country’s Independent Football Regulator said in a report released on Tuesday, after finding that 94 per cent of clubs in the top five divisions were operating at a loss.The IFR, established last year, proposed stronger cost contro
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We need a solution with the NBA, says Panathinaikos owner
BERLIN, Oct 7 : Europe’s biggest basketball clubs must find a way to work with the NBA, Panathinaikos owner Dimitris Giannakopoulos said on Wednesday, a day after they rejected a proposal from the U.S. league to join up for a new continental competition.On Tuesday, the continent’s top clubs turned down an
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Brazilian soccer teams cry foul at Lula’s online betting ban
BRASILIA, Sept 30 : Brazilian soccer teams are siding with sports betting companies to lobby against a government ban on gambling websites, a move industry officials say will strip clubs of access to multimillion-dollar sponsorship deals. The provisional measure, approved by Brazil’s President Luiz Inacio
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Al-Khelaifi proposes global clubs body, takes veiled swipe at Infantino
COPENHAGEN, Sept 29 : European Football Clubs chairman Nasser Al-Khelaifi on Tuesday unveiled plans to create a new global body representing clubs around the world and launched a thinly veiled attack on FIFA President Gianni Infantino without naming him.The proposed “World Football Clubs” body is intended to
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Mark Zuckerberg to donate €150,000 to GAA clubs
The Facebook founder will clubs €50,000 (£42,000) with donations to be paid over a two-year period.
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