Latest news with #footballclubs
Times
a day ago
- Business
- Times
Premier League fails to close Chelsea PSR loophole
The Premier League has failed in its bid to prevent clubs selling assets to sister companies in order to comply with its Profitability and Sustainability Rules (PSR). A proposal to close the loophole that has allowed Chelsea to register a 'profit' from selling hotels, and their own women's team, to a sister company did not even go to a vote at the Premier League's annual meeting, which took place near Harrogate. Sources said it became clear that there was not enough support in the room for the proposal and so it was not put to a vote. It would have needed 14 of the 20 clubs to vote in favour to allow the rule change to be passed. Some clubs felt that to change the rules now would be 'closing the stable door after the horse had bolted', one club executive told The Times, and that as Chelsea had benefited from the loophole, others should be allowed to do the same. There was also concern that it would prevent clubs earning revenues from selling assets such as property to unrelated parties. The PSR will remain in place next season without significant changes. It had originally been envisaged to replace it with a new cost control system but the legal challenge by Manchester City against Associated Party Transaction rules — which will be heard by an arbitration tribunal in October — led clubs to decide in February to keep PSR for at least another year. It means limits will remain on the amount of money clubs can lose. The maximum loss is £105million over three seasons, but spending on infrastructure, youth and women's football is exempted. Manchester United, Newcastle United and Aston Villa are among the clubs that have cited PSR as a reason for being constrained in the transfer market. Chelsea sold their all-conquering women's team to a sister company for a stated £200million — though the value of the deal has yet to be approved by the Premier League — and two hotels for £70.5million. The deals have helped the club comply with PSR over the past two seasons. Uefa does not accept the sale of assets to sister companies as income and Chelsea is in talks with the European governing body over a financial settlement for breaching its financial rules, which limit losses a club can make, and the amount it can spend on players' wages, transfers and agents fees in relation to its revenue.
Daily Mail
5 days ago
- Business
- Daily Mail
Club World Cup transfer window explained: Everything you need to know about how Premier League sides are affected
The new Club World Cup will get underway on June 14, kicking off a busy summer of football for the 32 teams involved. Taking place in the United States, the new-look tournament also means that an extra transfer window will be in place. Sanctioned at the behest of FIFA, the window will open early from June 1 to June 10. This is to allow teams competing in the tournament to add extra strength in depth, meaning we could see clubs act earlier than usual in the market. So, why exactly is there an extra transfer window, why is it split and when is the Club World Cup kicking off? Read on below for everything you need to know about the extra transfer window set to be in place this summer. Why is there an extra transfer window? There is typically one only one summer transfer window for European clubs, which usually opens at the end of June or beginning of July. However, this time around, FIFA has changed its usual rules to allow clubs competing in the newly-revamped Club World Cup to sign players for the tournament. A FIFA statement on the new window reads: 'Member associations of clubs participating in the competition shall have the possibility to establish an exceptional additional registration period from June 1-10, 2025. 'For the avoidance of doubt, no member association is obliged to establish such an exceptional additional registration period.' To avoid giving an unfair advantage to teams in the tournament, the extra transfer window is open to all clubs, not just those involved in the Club World Cup. Why is the transfer window split? After closing on June, the transfer window will remain shut for six days, until June 16, for Premier League teams. Page 267 of the 2024-25 season handbook states that the summer window must open 'at midnight on the date 12 weeks prior to the date on which it is to conclude'. League rules say the summer window must be a maximum of 12 weeks, while the winter window can be longer than four weeks. The early window in place for the Club World Cup is considered as an exceptional registration period, making it separate from the handbook's usual advice. When is the Club World Cup? The new-look Club World Cup will begin on Saturday June 14 and finish nearly a month later on Sunday July 13. The tournament will be held at various venues across the United States and involve the likes of Chelsea, Manchester City, Real Madrid, Bayern Munich and PSG. While the competition may be viewed as an after-thought by some fans, it comes with a lucrative award - as the winners of the tournament will receive up to £97million ($125million) from FIFA. A £774million ($1billion) will be shared between the 32 clubs - in addition to a £406million ($525million) participation fee shared based on sporting and commercial criteria, with a further £368million ($475million) shared based on sporting performance.
Yahoo
26-05-2025
- Sport
- Yahoo
Union Berlin president accuses Bundesliga rivals of not paying their women's teams enough
FILE - Union Berlin's President Dirk Zingler before the German Bundesliga soccer match between 1. FC Union Berlin and TSG 1899 Hoffenheim in Berlin, Germany, Sept. 21, 2024. (Andreas Gora/dpa via AP, File)/dpa via AP) BERLIN (AP) — Union Berlin president Dirk Zingler has criticized Bundesliga rivals of apathy toward women's soccer. 'Every football club that has a professional team is capable of paying its women's football team appropriately,' Zingler said on Monday in comments reported by dpa news agency. Advertisement 'When I see and hear that, even in the (women's) Bundesliga with 12 teams, there are only four or five who pay the women professionally, it's a pitiful disgrace in Germany,' Zingler added on the day it was confirmed he will stay on for another term as president to 2029. Union's own women's team was promoted to the Bundesliga for the first time this season after winning the second division. The Köpenick-based club has invested heavily in women's soccer, particularly since its men's team clinched promotion to the 18-team Bundesliga in 2019. Zingler also criticized the media for not giving more attention to women's games. He said it was 'simply not right to treat women's football as a disability sport and say we have to run special programs and play highlight games.' Zingler has been Union's president since 2004, when the men's team was playing at fourth-tier level. He said stability has been key to the club's success. Advertisement Union's men reached the Europa Conference League in 2021, the Europa League the following season, and the Champions League in 2023, though that was followed by a brush with relegation. This season, the team clinched Bundesliga survival with four rounds to spare. Away from the field, Union refurbished its stadium in 2009, added a new main stand in 2013, and established a new training center for youth players last year. This year it plans to start construction on new training facilities for its men's and women's professional teams then turn attention to more stadium development to accommodate more fans. ___ AP soccer:
Emirates 24/7
22-05-2025
- Sport
- Emirates 24/7
FIFA announces special transfer window for Club World Cup 2025
The International Federation of Association Football (FIFA) has announced the opening of a special transfer window for all 32 clubs participating in the FIFA Club World Cup 2025. The window will run from 1st to 10th June 2025, allowing teams to register new players ahead of the tournament. This move follows the adoption of amendments to the Regulations on the Status and Transfer of Players, approved by the FIFA Council in October 2024. The aim is to address disparities in player registration periods and domestic season schedules across participating nations, while offering clubs greater flexibility to strengthen their squads. Under the new regulations, clubs may register players during this designated window, with the final deadline for squad submission set for 10th June. This enables teams to bring newly signed players to the United States for the tournament. An additional opportunity for player registration or replacements will be available following the group stage, between 27th June and 3rd July 2025. This is subject to specific conditions, including that signings must be made within official registration periods. The move is intended to encourage players whose contracts have expired to participate and to ensure top-tier talent is featured in the competition. The tournament will feature clubs from 20 national associations, including the UAE, Argentina, Austria, Brazil, Egypt, England, France, Germany, Italy, Japan, the Republic of Korea, Mexico, Morocco, New Zealand, Portugal, Saudi Arabia, South Africa, Spain, Tunisia and the United States. The largest and most inclusive edition of the FIFA Club World Cup will kick off on Saturday, 14th June 2025, at Hard Rock Stadium in Miami, and run until 13th July, when the final will be held at the iconic MetLife Stadium. Matches will take place across 11 US cities: Atlanta, Charlotte, Cincinnati, Los Angeles, Miami, Nashville, New York, New Jersey, Orlando, Philadelphia, Seattle, and Washington D.C. The DAZN platform will serve as the exclusive global broadcaster for the tournament. Follow Emirates 24|7 on Google News.
News.com.au
20-05-2025
- Sport
- News.com.au
'I'm not a clown and I never will be'
Football: Ange Postecoglou has responded to a report he would be a 'hero or clown' depending on the Europa League final result.
