Latest news with #FinancialFairPlay
Forbes
5 hours ago
- Business
- Forbes
FC Barcelona Set To Receive $46 Million Cash Injection By End Of Month
Spanish soccer giant is set to receive a $46 million (€40 million) cash injection by the end of the ... More month as reported by the likes of German reporter Christan Falk and Mundo Deportivo. Spanish soccer giant FC Barcelona is set to receive a $46 million (€40 million) cash injection by the end of the month as reported by the likes of German reporter Christan Falk and Mundo Deportivo. German group Libero agreed to pay the money in 2023, in relation to the resale of ownership stakes in Barca Studios which is also connected to the 'financial levers' of the previous summer that allowed the club to sign first team stars such as Raphinha, Robert Lewandowski and Jules Kounde. The fact that it hasn't been forthcoming until now has required Barca and its president Joan Laporta to perform numerous bouts of economic gymnastics to stay on the right side of Financial Fair Play, and there have also been intentions to sue one another from both parties. Yet might no longer be necessary in the near future according to CENAFE president Miguel Galan, who tweeted on X that 'at the end of this month of June, the club is about to complete the sale of the percentage that the Libero fund stopped paying for Barca Vision. With this operation, normality will be restored in the transfer market,". Galan added that "the operation is practically closed through a European partner, who will contribute €40 million and will solve a problem that has affected the club in recent months". Elsewhere, Christian Falk, who is a respected source of information on X and a BILD journalist, has also said that the cash will come from the Libero group. Falk explained that Libero will make the €40 million payment bringing its total invested to €60 million considering a €20 million already paid. After seeing that another European group was about to step in its place, Libero seems intent on acting swiftly and finally putting the matter to bed. Libero's money will help FC Barcelona stay on the right side of FFP limits and hopefully maintain the right to return to the 1:1 rule which is so important to making new signings. Laporta seems confident of it, saying on Wednesday that 'we're in a 1:1 situation and that allows us to sign normally' amid a pursuit for Nico Williams.
Daily Record
9 hours ago
- Sport
- Daily Record
Rutherglen Glencairn boss target Lowland League spot with revamp on way
The Glens are a SFA licensed club and could be fast tracked to the fifth tier next term amid a shake up to the pyramid Rutherglen Glencairn co-boss Joe Pryce has targeted one of the Lowland League West promotion spots from this season's West of Scotland Premier Division. Pryce is building a squad able to compete in the top flight, with nine places up for grabs in the revamped West Division of the Lowland League in season 2026/27. The Lowland League will be split into East and West Divisions, with 16 teams in each, running alongside the Highland League. As an SFA Licenced club, Glencairn are virtually guaranteed a place in the new set-up, but Pryce wants to make sure. He said: 'It looks like there will be at least eight teams from the division moving into a new league, eight licenced clubs, and we're obviously one of them. 'There will be other clubs who are shooting for their licence this year. If you want to move into this next division, your goal is to finish in the top eight. 'I know there are some clubs who don't have a licence and might struggle to get one, because we know a prohibiting factor is finance, you need floodlights and things like that. 'But from our point of view, we've just got to aim to finish as high up in that division as we can, and we're certainly going to give it a right good go.' Pryce says his side will stick to what made they successful in their promotion-winning campaign last season and expects his side to be a force in the Premier Division. He added: 'Teams who are up against us will know they've been in a game, and you're going to have to play well if you want to beat us, that's for sure. We want to go up and play, we're not just going up there to make up the numbers. 'We can't just sit 10 men behind the ball and kick the way we're facing, we'll play the way we want them to play, and that footballers want to play.' Lowland clubs voted for reconstruction earlier this month, determining that relegation from the Lowland League won't take place this coming season. However, promotion will be opened up, with champions from each of the four tier-six leagues – West of Scotland Premier Division, South of Scotland, East of Scotland Premier, East Region Midlands League – promoted into their respective division, if they meet Lowland League entry criteria. This is Scottish FA Licence at bronze level, and meeting Financial Fair Play rules. At the moment, the West Division would be made up of Albion Rovers, Caledonian Braves, Clydebank, Cumbernauld Colts, Gretna 2008, two clubs from the South of Scotland League and nine from West of Scotland, plus Celtic 'B' as a 17th guest club. The West of Scotland and South of Scotland Leagues would be feeders for the Lowland West Division, while the East of Scotland Premier and Midlands Leagues would feed the East Division.
The Hindu
20 hours ago
- Sport
- The Hindu
Why has Manchester City been fined by the Premier League?
The Premier League has imposed a fine of over one million pounds on Manchester City for breaching the rules around delayed kickoffs and restarts nine times last season, England's top-flight league said on Thursday. The fine comes a year after City paid two million pounds ($2.56 million) to the league for breaching the same game-delay rules. The club has apologised for the rule breaches and has said that it has reminded its players and staff of their responsibilities in complying with the rules. What did the Premier League say? 'Rules relating to kick-offs and re-starts help ensure the organisation of the competition is set at the highest possible professional standard and provides certainty to fans and participating clubs,' the league said in a statement. 'It also ensures the broadcast of every Premier League match is kept to schedule.' For which matches has Man City been fined? Fines totalling 1.08 million pounds were imposed relating to City's home games against Southampton, Tottenham Hotspur, Nottingham Forest, Manchester United, West Ham United and Newcastle United and their away fixtures against Crystal Palace, Aston Villa and Ipswich Town. The longest game delays were two minutes and 22 seconds each for restarts vs West Ham and Ipswich. City is awaiting the verdict of 115 unrelated charges of alleged breaches of the Financial Fair Play (FFP) rules. The charges cover a period starting from 2009 and continuing into the 2022-23 season. City has always denied any wrongdoing. (inputs from Reuters)
Time of India
20 hours ago
- Sport
- Time of India
Big fine for Manchester City! Why the Premier League slammed penalty on Pep Guardiola's side
Manchester City have been fined by the Premier League for delayed kick-offs (Image via AP /Chris Szagola) Manchester City have been fined more than £1 million by the Premier League for delayed kick-offs and restarts in nine matches during the 2024-25 season, the league announced on Thursday. Pep Guardiola's side breached rules on kick-off and restart times between October and February, with the longest delay recorded at two minutes and 24 seconds before the second half of the Manchester derby at Old Trafford in December. The total fines amount to £1.08 million ($1.45 million). The Premier League said City accepted the breaches and apologized for the incidents. 'Rules relating to kick-offs and restarts help ensure the organisation of the competition is set at the highest possible professional standard and provides certainty to fans and participating clubs,' the league said in a statement. 'It also ensures the broadcast of every Premier League match is kept to schedule. ' Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! The fines relate to delays in both home and away matches, including fixtures against Southampton, Tottenham, Nottingham Forest, Manchester United, West Ham, Newcastle, Crystal Palace, Aston Villa, and Ipswich Town. The longest delays, aside from the Manchester derby, were two minutes and 22 seconds during restarts against West Ham and Ipswich. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like One of the Most Successful Investors of All Time, Warren Buffett, Recommends: 5 Books for Turning... Blinkist: Warren Buffett's Reading List Click Here Undo The making of Dhruv Jurel: Kargil war hero's son who chose cricket over the Army This is not the first time Manchester City have been penalized for such breaches. Last year, the club was fined over £2 million for 22 violations of the kick-off and restart rules. Guardiola's team finished third in the Premier League last season, ending their four-year reign as champions. They also suffered a shock FA Cup final loss to Crystal Palace. Poll Do you think Manchester City deserves the fine for delayed kick-offs? Yes, they should be held accountable. No, it's not a big deal. Currently, City are competing in the Club World Cup in the United States and are awaiting the outcome of 115 separate allegations related to potential breaches of Financial Fair Play regulations dating from 2009 to the 2022-23 season. The club has consistently denied any wrongdoing. Game On Season 1 kicks off with Sakshi Malik's inspiring story. Watch Episode 1 here
Indian Express
21 hours ago
- Sport
- Indian Express
Man City fined more than a million pounds for delayed kickoffs
Manchester City have been fined more than one million pounds by the Premier League for breaching the rules around delayed kickoffs and restarts nine times last season, England's top-flight league said on Thursday. The fine comes a year after City paid 2 million pounds ($2.56 million) to the league for breaching the same game-delay rules. The club accepted and apologised for the rule breaches, and confirmed they have reminded their players and staff of their responsibilities in complying with the rules. 'Rules relating to kick-offs and re-starts help ensure the organisation of the competition is set at the highest possible professional standard and provides certainty to fans and participating clubs,' the league said in a statement. 'It also ensures the broadcast of every Premier League match is kept to schedule.' Fines totalling 1.08 million pounds were imposed relating to City's home games against Southampton, Tottenham Hotspur, Nottingham Forest, Manchester United, West Ham United and Newcastle United and their away fixtures against Crystal Palace, Aston Villa and Ipswich Town. The longest game delays were two minutes 22 seconds each for restarts v West Ham and Ipswich. City are awaiting the verdict of 115 unrelated charges of alleged breaches of the Financial Fair Play (FFP) rules. The charges cover a period starting from 2009 and continuing into the 2022-23 season. City have always denied any wrongdoing. Meanwhile, Manchester City showcased their impressive squad depth in a 2-0 victory over Morocco's Wydad Casablanca in the Club World Cup on Wednesday, with manager Pep Guardiola rotating his team and resting key players. Goals from Phil Foden and Jeremy Doku in the first half were enough to secure City's win in their Group G opener, as Guardiola handed opportunities to emerging talents and recent signings. Among those who stood out was 21-year-old Frenchman Rayan Cherki, signed from Olympique Lyonnais for 40 million euros ($45.86 million) ahead of the tournament. The match highlighted City's squad rebuilding efforts following their first trophyless season since 2016-17. The club invested significantly in the transfer market, adding Cherki and three other players in the summer window prior to the Club World Cup, spending around 110 million pounds ($147.40 million). This followed a busy January window aimed at refreshing Guardiola's project.
