Roman Abramovich did not put Chelsea up for sale because he had lost interest in football. He was running out of time. On 2 March 2022, days after Russia invaded Ukraine, he announced that he would sell the club he…
Football has never been bigger as a business. The biggest clubs are global brands worth billions, broadcasting deals stretch across every continent, and private equity firms, sovereign wealth funds, and industrial billionaires are all fighting to get a piece of…
When Sir Jim Ratcliffe announced in December 2023 that INEOS would acquire a minority stake in Manchester United, most of the football world focused on the obvious storyline: a lifelong fan was finally bringing fresh ambition to a club that…
The Textor era at Olympique Lyonnais is over. But the financial wreckage it leaves behind is just getting started. When John Textor walked into the Groupama Stadium in December 2022 as Lyon’s new owner, he did so with an €884…
Apollo, one of the world’s largest investment firms, just published a report that should change how every club owner, fan, and investor thinks about the business of sports. The investment firm believes there’s a $2.5 trillion investment opportunity in sports…
The giants of the Ruhr are no longer fighting for the Meisterschale; they are fighting the compounding interest of a €147.9 million debt pile that threatens their very foundation. Schalke 04, a club with a massive 190,000-member base and world-class…
In a surprising and ambitious move that blends finance, crypto, and sport, Tether (a company behind the world’s most traded stablecoin, USDT, which follows the value of the US dollar) made an unsolicited offer to acquire Juventus FC for €1.1…
For 123 years, Real Madrid has been the property of its people. No sheikhs, no venture capitalists, no oligarchs—just 98,000 socios holding the keys to the biggest football club on earth. But if the latest murmurs from the Santiago Bernabéu…
Cádiz CF has moved in a direction that very few mid-tier European clubs have attempted. Instead of relying on traditional financing through player sales, bank loans, or shareholder injections, the club has created a U.S. corporate vehicle, Nomadar Corp., and…
Spanish football has entered a new era — one written in the language of private equity. Apollo Global Management has reached an agreement to acquire a 55% controlling stake in Club Atlético de Madrid, valuing the club at approximately €2.5…