Financial Fair Play - Page 2

Chelsea
/ 723 days agoPremier League clubs pass new rule directly affecting Chelsea
Chelsea will likely have to drastically alter their transfer plans soon as Premier League clubs assembled for a routine meeting on Tuesday about amortization. The 20 clubs in the top flight discussed putting a cap on spreading out transfer payments on players. The English top-flight teams eventually voted to pass the rule. Now, clubs must […]

English Football
/ 734 days agoEverton officially appeals decision on 10-point penalty
Everton has confirmed it issued an appeal for its record points deduction. The decision is hardly a surprise. The club previously announced its intention to fight the ruling immediately after the Premier League handed the punishment. An independent panel ruled in November that the Toffees breached profit and sustainability rules (PSR) during the 2021/22 season. […]

Business of Soccer
/ 735 days agoPremier League sets date for Man City trial on 115 FFP charges
Manchester City has finally learned when they will officially stand trial for their record financial charges from the Premier League. Mail Sport claims that the reigning European champions are set to face an independent panel in late fall of 2024. The exact date for the trial is not yet known. According to the news outlet, […]

Chelsea
/ 740 days agoChelsea, Man City coaches on potential FFP punishments
Pep Guardiola and Mauricio Pochettino are both laid-back about the possibility of future penalties for their clubs. Manchester City and Chelsea are under investigation by the Premier League and Football Association (FA) for a series of financial issues. Both coaches recently commented on the potential problems after Everton were docked points for violating financial regulations. […]

Chelsea
/ 747 days agoMan City and Chelsea could both be relegated for FFP violations
Chelsea and Man City most likely paid very close attention to the news regarding Everton's FFP penalty on Friday. The Toffees were handed a deduction of 10 points for violating Financial Fair Play (FFP) laws. It is the harshest punishment ever for a Premier League club. As a result of the deduction, Everton now sits […]

Everton
/ 748 days agoEverton receives record points deduction from Premier League
Everton earned a points deduction of 10 points for violating Financial Fair Play (FFP) rules. The sanction is the harshest punishment ever for a Premier League club. As a result of the deduction, the Toffees now sit 19th in the table with just four points. The Merseyside club previously posted losses of just over $55 […]

Financial Fair Play
/ 750 days agoMan City posts record revenue as FFP investigation continues
Manchester City has revealed a total revenue of $886 million during the 2022/23 financial year while the Financial Fair Play investigation rages on. The massive earnings set a new club and Premier League record. Crosstown rivals Manchester United only just broke the division's record when they posted revenue of $783 million in October. City's latest […]

Chelsea
/ 750 days agoChelsea may be hit with points deduction in FFP investigation
Chelsea could soon face a Premier League points deduction after financial details regarding a series of payments have emerged. These apparently illegal payments are worth tens of millions of dollars and span a decade. This timeframe was when Roman Abramovich owned the club. The Russian oligarch eventually sold the Blues after being sanctioned by the […]

Chelsea
/ 766 days agoPremier League investigating two Chelsea transfers from 2013
Chelsea has made headlines in the Premier League over the last two years for its lavish spending on transfers. However, the Premier League opened up an investigation into two transfers from well before current owner Todd Boehly took over. These transfers occurred in 2013, and the Premier League and Chelsea identified payments went from the […]

English Football
/ 771 days agoEverton learns potential points deduction penalty in FFP case
Everton learned its potential penalty and points deduction should the Premier League and an independent commission find the Toffees guilty of breaching Financial Fair Play (FFP) rules. According to the Mirror, Premier League officials recommended the Toffees earn a 12-point slash for the violation. The Merseyside club currently sits 16th in the top-flight table with […]

Crystal Palace
/ 775 days agoPremier League chairman proposes salary cap
European soccer, with its rich history and devoted fan base, shines as a pinnacle of sporting excellence. Yet, the sport's immense popularity brings about a unique set of challenges, particularly concerning financial disparities among clubs. Broadly speaking, in the world of sports, the relentless pursuit of excellence and victory is frequently accompanied by lavish spending. […]

Barcelona
/ 783 days agoFelix is currently Barca's second-lowest earner due to agreement
New details are emerging about how Barcelona is paying Portuguese star Joao Felix. The attacker recently arrived at the Catalan club from Atletico Madrid on a one-year loan deal. However, Barca does not seem to be paying Felix the full salary that he was receiving with the fellow Spanish side. According to reports in Spain, […]

Financial Fair Play
/ 805 days agoSaudi Crown Prince: 'We'll continue doing sportswashing'
Saudi Arabia Crown Prince Mohammed bin Salman has proclaimed that he does not care about accusations of sportswashing. Bin Salman became his country's de facto ruler in 2017. Since then, the billionaire has invested a fortune in sports. Most notably, bin Salman's Public Investment Fund (PIF) bought a majority stake in Newcastle United in 2021. […]

English Football
/ 806 days agoPremier League clubs have concerns over Everton sale, says report
Farhad Moshiri's pending sale of Everton to 777 Partners may very well be under threat. The Merseyside club recently announced that Moshiri struck a deal to sell the team to the new American investment group. The agreement came after months of negotiations between the two sides. While a deal is in place, an official takeover […]

Barcelona
/ 812 days agoLaLiga demands Barcelona to reduce salary cap by $400 million
Barcelona continues to fight battles against financial issues courtesy of a revised salary cap from LaLiga. The Catalan club previously had a spending cap set at $693 million, second only to bitter rivals Real Madrid. Nevertheless, the Spanish top flight has dropped this spending limit to just $288 million. The spending cap is how much […]