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ALL POSTS TAGGED "FFP" - Page 2

Everton

/ 236 days ago

Everton and Nottingham Forest charged with FFP violations

In a new development, the Premier League has charged both Everton and Nottingham Forest with FFP violations. If guilty, both clubs could face a hefty points deduction. For Everton, it'll be the second points deduction this season after being deducted 10 points for a previous FFP violation. Both clubs have two weeks to appeal against […]

Americans Abroad

/ 259 days ago

777 Partners move one step closer to buying Everton

777 Partners has cleared a massive hurdle in their attempt to purchase a majority stake in Everton. The investment firm previously agreed to buy 94% of the club from current owner Farhad Moshiri back in September. The deal, however, hit several snags in the following months. Multiple red flags quickly popped up regarding the financial […]

Business of Soccer

/ 282 days ago

Premier 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

/ 294 days ago

Man 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 […]

Barcelona

/ 307 days ago

Barcelona receive response on appeal about FFP rule violations

After being fined $536,000 for financial misreporting, Barcelona appealed to UEFA's financial committee, and they have received a response. Just like the past years, the Catalan giants have been experiencing some turmoil off the field. The regulatory body of European soccer informed them of their FFP violation in July of this year. Not only did […]

Crystal Palace

/ 322 days ago

Premier 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. […]

Leagues: EPL

/ 364 days ago

Many shell companies are behind EPL shirt sponsorship deals

According to an in-depth study by the Financial Times, many gambling sponsors seen in the Premier League come from shell companies. This essentially means that these companies only truly exist on paper. Teams such as Newcastle, Watford, and Leicester City have reportedly received funds from such sponsors. The Premier League announced back in April that […]

Barcelona

/ 437 days ago

Barcelona to benefit from tweaks in LaLiga FFP rules

Barcelona is set to be handed a transfer boost thanks to LaLiga changing FFP rules. The Spanish top flight has tweaked its Financial Fair Play laws to allow clubs to spend more money. These alterations are effective immediately and may help clubs like Barca sign targets without fears of a financial backlash. According to a […]

Chelsea

/ 517 days ago

Chelsea accumulate $1billion+ loss but claim FFP compliance

Chelsea recently became the first club to accumulate losses of over $1 billion. Many financial experts think Chelsea's sudden loss of revenue was because of British government sanctions put on previous owner Roman Abramovich, which hurt ticket sales, contract negotiations, and more. Chelsea post huge loss The operating loss, valued at $292 million, puts them […]

Financial Fair Play

/ 522 days ago

Reading deducted 6 points in Championship due to FFP breach

The English Football League docked Championship side Reading six points after an FFP breach. The governing body issued the penalty after the club failed to obey certain budgetary restrictions. Reading faced warnings about the financial issue regarding EFL's profitability and sustainability rules. The Royals have been in trouble with the EFL for a few years […]

Everton

/ 525 days ago

Everton could go out of existence if relegated

Everton's financial troubles seem to be getting worse by the day. An auditor's report produced in March stated that the Merseyside club was facing possible sanctions for breaching Financial Fair Play rules. Then on Friday news surfaced that the Toffees could even receive a Premier League points deduction. Now, auditors claim that relegation would threaten […]

Chelsea

/ 592 days ago

UEFA to close FFP loophole due to Chelsea long-term deals

UEFA looks set to make changes to their Financial Fair Play rules. The governing body of the sport in Europe has allowed teams to spread out transfer fees on players over the duration of their full contract with their new club. However, new tweaks to the rule will reportedly limit this duration to five years. […]
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