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Juventus will earn €115m if they win the Champions League (€98m up to now) while Real Madrid will earn €82m (€67m up to now). Barcelona have earned €59m. These figures come from the author of the Swiss Ramble blog.
In the Premier League, Leicester City earned €78m through their progress to the quarter finals. Arsenal earned €62m, indicating how much they stand to lose if they do not qualify this year. Manchester City brought in €48m and Tottenham Hotspur €42m.
Chelsea are in good financial shape to pursue the transfer targets they want over the summer. There were concerns that their absence from the Champions League would adversely affect them. It did generate £58.5m of revenue in 2015-16 and even a good Europa League run could have yielded as much as £35m.
Former Walt Disney chief executive Michael Eisner and his Tornante investment group wants to purchase a 100 per cent stake in Portsmouth. He is willing to pay £5.67m.
The Pompey Supporters Trust (PST) control 48 per cent of the shares. Tornante have made a heritage share proposal which would allow the protection of certain identified issues and vetoes exercised by the PST.
Crystal Palace could be the latest club to fall into Chinese ownership. There has been interest from Double Edged Sports (Desports), a Chinese marketing company that wants to acquire another football club after purchasing La Liga’s Granada last year.
West Bromwich Albion come out on top with a cost of £1.47m per point compared with Manchester United at the other end of the scale with just under £8m per point. They are closely followed by Manchester City on £7.8m.
Barcelona is the latest European football club to invest in China on the back of President Xi Jinping’s plans for a football revolution. They have opened a €4m complex featuring a football school, Barcelona shop and fan zone on the island of Hainan. They believe that revenues from China will be critical to Barcelona’s target of generating €1bn of revenue by 2021, up from €679m in the 2015/16 season.
A winding up petition has been issued against Bolton Wanderers over an unpaid £5m loan. The loan, from a finance company, was used to fund the takeover of the club. The case will be heard on May 22nd.
The relationship between the tax authorites and football has been a difficult one in recent years. There was the controversy over payments for players ‘image rights’ while the tendency of clubs in financial difficulties to use their tax payments as a de facto credit card also gave rise to resentments.
In recent years HMRC has collected more than £80m in additional tax payments from clubs, players and agents following probes into ‘image rights’ payments through which parties to a transfer can make large tax savings.
Views can differ about the harshness of the punishment on Joey Barton for breaking betting rules for players which effectively sent him into early retirement. However, a bigger issue is the whole relationship between football and the betting industry.
Half of Premier League clubs have gambling firms as shirt sponsors and most of them have gambling partners.
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