Bayern chairman feels COVID-19 crisis will end unhealthy spending
4 years, 9 months ago

Bayern chairman feels COVID-19 crisis will end unhealthy spending

The Hindu  

The crisis caused by the coronavirus pandemic will stop the “unhealthy” inflation of player wages and transfer fees in football, Bayern Munich chairman Karl-Heinz Rummenigge wrote in an editorial published on Thursday. “For a long time we have seen unhealthy amounts of money paid in wages and transfer fees. The reigning German champion is one of the world’s richest clubs although it has been reluctant to splash out on the kind of transfer fees paid by other top sides in Europe. Its record transfer fee is the 80 million euros spent on France defender Lucas Hernandez from Atletico Madrid last year, some way short of the world record 222 million euros paid by Paris Saint-Germain to Barcelona for Neymar in 2017.

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History of this topic

Barcelona can’t afford players like Mbappe, Haaland, says Xavi
1 year ago

Barcelona can’t afford players like Mbappe, Haaland, says Xavi

The Hindu  

Barcelona can no longer afford to shell out huge sums in transfer fees for top players like Erling Haaland and Kylian Mbappe, coach Xavi Hernandez said. Barcelona forked out fees in excess of 100 million euros for Philippe Coutinho, Antoine Griezmann and Ousmane Dembele between 2017-19, but the club’s financial issues mean it is unlikely to splurge on big new …

Bayern Munich reports record revenues of $913 million
1 year, 1 month ago

Bayern Munich reports record revenues of $913 million

Associated Press  

MUNICH — Bayern Munich has emerged from the turmoil caused by the coronavirus pandemic in good financial health after reporting record total revenues of 854.2 million euros for the 2022-23 season. The previous record was 750.4 million euros from 2018-19. Bayern chief financial officer Michael Diederich said this “equates to an increase of around 30%" from the previous year and …

UEFA Imposes Hefty Fine On Barcelona For Financial Rules Breach
1 year, 2 months ago

UEFA Imposes Hefty Fine On Barcelona For Financial Rules Breach

News 18  

Barcelona lost an appeal to UEFA against being fined 500,000 euros for misreporting income under financial monitoring rules, the European soccer body said Friday. UEFA’s club finance panel imposed the fine in July after Barcelona declared income in 2022 on profit from “disposal of intangible assets which are not a relevant income under the regulations.” FC Barcelona is fined €500,000 …

Transfer Deadline Day: Leonardo Bonucci joins Union Berlin, but Palhinha and Kolo Muani deals break down at final minute
1 year, 4 months ago

Transfer Deadline Day: Leonardo Bonucci joins Union Berlin, but Palhinha and Kolo Muani deals break down at final minute

The Hindu  

Italy captain Leonardo Bonucci joined Union Berlin on the last day of the transfer window in Germany but Bayern Munich’s deal for Portugal midfielder João Palhinha reportedly broke down at the final minute on Friday. Bonucci’s signing is another coup for Union sporting director Oliver Ruhnert after the arrivals of Germany left back Robin Gosens, former Germany striker Kevin Volland, …

Leonardo Bonucci joins Union Berlin while Bayern Munich left empty handed on final day of transfers
1 year, 4 months ago

Leonardo Bonucci joins Union Berlin while Bayern Munich left empty handed on final day of transfers

Associated Press  

BERLIN — Italy captain Leonardo Bonucci joined Union Berlin on the last day of the transfer window in Germany while Bayern Munich’s deal for Portugal midfielder João Palhinha broke down at the final minute on Friday. Bayern already broke the Bundesliga transfer record by signing England captain Harry Kane from Tottenham for a reported 100 million euros, while it spent …

UEFA president warns clubs against ‘reckless’ spending on player wages
1 year, 11 months ago

UEFA president warns clubs against ‘reckless’ spending on player wages

The Hindu  

UEFA president Aleksander Ceferin warned that many European clubs are “compromising their economic sustainability” due to ever-increasing player wages which have risen on average by 16% compared to pre-pandemic levels. “And while this is not a negative trend per se, it is clear that many are compromising their economic sustainability in their reckless pursuit of success.” The report showed a …

Chelsea have spent more than every team in Serie A, Ligue 1 and the Bundesliga COMBINED in January
1 year, 11 months ago

Chelsea have spent more than every team in Serie A, Ligue 1 and the Bundesliga COMBINED in January

Daily Mail  

Chelsea's counterparts in Italy, France and Germany have spent far less in total The club has accounted for roughly half of the Premier League's spending alone Chelsea's outrageous January spending has dwarfed that of every team in Europe's three top leagues combined, as their £159million winter outlay is £100m more than Serie A, Ligue 1 and the Bundesliga put together. …

Bayern Munich Defers Decision on Qatar Airways Sponsorship to 2023
2 years, 2 months ago

Bayern Munich Defers Decision on Qatar Airways Sponsorship to 2023

News 18  

Bayern Munich won’t decide whether to extend its controversial sponsorship agreement with Qatar Airways until next year. “We will continue to discuss the issue intensively after the World Cup and find a solution for FC Bayern," chief executive Oliver Kahn told 1,501 club members at Bayern’s annual general meeting on Saturday. Kahn said he respected fans’ concerns about Bayern’s lucrative …

Bayern Munich defers decision on Qatar sponsorship to 2023
2 years, 2 months ago

Bayern Munich defers decision on Qatar sponsorship to 2023

Associated Press  

BERLIN — Bayern Munich won’t decide whether to extend its controversial sponsorship agreement with Qatar Airways until next year. “We will continue to discuss the issue intensively after the World Cup and find a solution for FC Bayern,” chief executive Oliver Kahn told 1,501 club members at Bayern’s annual general meeting on Saturday. Kahn said he respected fans’ concerns about …

Barcelona, Bayern Munich and the biggest summer transfers around Europe
2 years, 4 months ago

Barcelona, Bayern Munich and the biggest summer transfers around Europe

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. LaLiga’s £55m net spend was the next highest total outlay, which factors …

Belts tightened, but PSG bring quiet transfer deadline day to life in Europe
2 years, 4 months ago

Belts tightened, but PSG bring quiet transfer deadline day to life in Europe

Firstpost  

Carlos Soler has signed a five-year deal with PSG confirming the news barely two hours before the transfer window closed in France Paris: Beyond the lavish spending of the Premier League, there were few big-money deals and Paris Saint-Germain’s attempts to offload unwanted members of their squad animated the final day of the transfer window in Europe on Thursday. They …

Barcelona sells more assets to clear Lewandowski for opener
2 years, 4 months ago

Barcelona sells more assets to clear Lewandowski for opener

Associated Press  

BARCELONA, Spain — Working against the clock, Barcelona sold off even more of its club assets on Friday so it could meet the Spanish league’s financial rules and clear Robert Lewandowski and other summer signings to play in its season opener. The troubled Spanish club was only able to ensure that its star signing will be available against Rayo Vallecano …

'Barca's Transfer Market Activity Despite Financial Cruch is Crazy, Says Julian Nagelsmann'
2 years, 5 months ago

'Barca's Transfer Market Activity Despite Financial Cruch is Crazy, Says Julian Nagelsmann'

News 18  

Bayern Munich coach Julian Nagelsmann said it is “crazy" that Barcelona have been able to make multiple signings in the transfer window, including Robert Lewandowski from the Bundesliga champions. “They bought a lot of players, I don’t know how," Nagelsmann told a press conference in Washington during his side’s pre-season tour of the United States. “But he would’ve left anyway, …

Barcelona’s deal for Lewandowski could surpass $50 million
2 years, 5 months ago

Barcelona’s deal for Lewandowski could surpass $50 million

Associated Press  

BARCELONA, Spain — Barcelona said Tuesday the fee to acquire striker Robert Lewandowski could reach 50 million euros The Spanish club said it will pay Bayern Munich 45 million euros plus 5 million euros in variables for the transfer of the prolific Poland player. The buyout clause for the 33-year-old Lewandowski will be set at 500 million euros on a …

Bundesliga: Bayern Munich sign 'top target' Matthijs de Ligt from Juventus
2 years, 5 months ago

Bundesliga: Bayern Munich sign 'top target' Matthijs de Ligt from Juventus

Firstpost  

Juventus say securing the Dutch central defender has cost Bayern 67 million euros with 10 million in bonuses. Berlin: Bayern Munich announced the signing of Juventus defender Matthijs de Ligt on a five-year deal on Tuesday with the Dutch international expected to become “a mainstay” as the German champions embark on the post Robert Lewandowski era. A message from the …

Barcelona set to sign striker Lewandowski from Bayern Munich
2 years, 5 months ago

Barcelona set to sign striker Lewandowski from Bayern Munich

Associated Press  

BARCELONA, Spain — Barcelona is set to sign Poland striker Robert Lewandowski from Bayern Munich in a bold move by the debt-ridden club to acquire a world-class scorer who can finally help to fill the void left by Lionel Messi’s exit. The 33-year-old Lewandowski, one of soccer’s most prolific scorers of the past decade, would greatly boost Barcelona’s chances of …

Goretzka tries to calm tension between Bayern Munich, Lewandowski
2 years, 7 months ago

Goretzka tries to calm tension between Bayern Munich, Lewandowski

The Hindu  

Leon Goretzka on Tuesday tried to calm the simmering tensions between his want-away Bayern Munich team-mate Robert Lewandowski and club bosses, with Barcelona reportedly eager to sign the star striker. "I think overall it was an unbelievable success story for both FC Bayern and 'Lewy'," Bayern midfielder Goretzka said while with the Germany squad. While with the Poland team on …

EXPLAINER: How Barcelona tries to get finances back on track
2 years, 10 months ago

EXPLAINER: How Barcelona tries to get finances back on track

Associated Press  

MADRID — Barcelona is back in the second tier of European soccer after nearly two decades contending among the elite in the Champions League, a blow to its prestige and a further hit to its dire financial situation. DEBTS The club’s debt reached a whopping 1.3 billion euros, including almost 390 million euros related to player salaries and more than …

January Transfer Spend Up Almost 75 Percent From Last Year, Says FIFA Study
2 years, 11 months ago

January Transfer Spend Up Almost 75 Percent From Last Year, Says FIFA Study

News 18  

Transfer spending in men’s soccer went up by 74.7 per cent in the January window compared to last year as clubs signed more players in a sign of a recovery following two pandemic-hit years, world governing body FIFA said on Tuesday. A total of 3,791 international transfers were completed across men’s and women’s soccer — a rise of 28 per …

The staggering details from FIFA's report on the last 10 years' transfers
3 years, 4 months ago

The staggering details from FIFA's report on the last 10 years' transfers

Daily Mail  

A staggering FIFA report on transfers over the last 10 years has outlined the shifting dynamics of the market and revealed the sheer amount of money that some clubs have lost, as well as who the top earners in the world are. A staggering FIFA report on transfers over the last 10 years has outlined the state of the market …

LaLiga: Barcelona president Joan Laporta says club's debt now stands at $1.6 billion
3 years, 4 months ago

LaLiga: Barcelona president Joan Laporta says club's debt now stands at $1.6 billion

Firstpost  

The club lost star player Messi to Paris Saint-Germain this month because it could not give him a new contract that would fit within the Spanish league’s strict financial fair-play regulations. Joan Laporta blamed the previous administration of Josep Bartomeu for the club’s “dramatic” situation that ultimately led to Lionel Messi’s departure. “We have found ourselves in a difficult situation …

Barcelona’s president says club’s debt now at $1.6 billion
3 years, 4 months ago

Barcelona’s president says club’s debt now at $1.6 billion

Associated Press  

MADRID — Barcelona’s president presented a grim picture of the club’s financial situation on Monday, saying its debt had risen to 1.35 billion euros. Laporta said the club had losses of 481 million euros and was left with a negative net worth of 451 million euros, making it difficult to negotiate with players. “We have found ourselves in a difficult …

Finances don’t add up, but can Barcelona and La Liga afford not to keep Lionel Messi?
3 years, 5 months ago

Finances don’t add up, but can Barcelona and La Liga afford not to keep Lionel Messi?

Live Mint  

News of Lionel Messi's departure is a hammer blow for Barcelona, but it is also a disaster for the prestige of La Liga. Now Messi is apparently on his way too, with Barcelona unable to extend the contract of the 34-year-old Argentinian superstar, their dire economic predicament falling foul of La Liga's financial fair play rules. "Messi was the last …

Bundesliga: Bayern Munich expect COVID-19 to cost $178 million in lost match-day revenue
3 years, 6 months ago

Bundesliga: Bayern Munich expect COVID-19 to cost $178 million in lost match-day revenue

Firstpost  

Just a few hundred fans were allowed in for their final game last season, the only Bayern match at the Allianz Arena where spectators have been admitted since the pandemic first hit Germany in March 2020. Berlin: Bundesliga champions Bayern Munich said on Monday they expect the Covid-19 pandemic to cost them 150 million euros in lost match-day revenue. The …

EURO 2020: Virus poses financial, logistical challenges
3 years, 7 months ago

EURO 2020: Virus poses financial, logistical challenges

The Hindu  

A tournament intended to be a celebration of European football will instead reflect many of the uncertainties that have beset the sport during the coronavirus pandemic. “It actually makes it harder, because you have more travel, less recovery etc.,” said Jonas Baer-Hoffmann, the general secretary of world players’ union FIFPRO. READ | “We have seen that travel is a substantial …

La Liga president: Spanish clubs have absorbed Covid-19 impact better
3 years, 10 months ago

La Liga president: Spanish clubs have absorbed Covid-19 impact better

The Hindu  

The La Liga clubs have suffered a net loss of around one billion Euros in the previous seasons because of the ongoing Covid-19 pandemic, informed the president of the top Spanish league Javier Tebas. Speaking to the world media, Tebas, accompanied by the corporate general director of La Liga, Jose Guerra, said that unlike other prominent leagues in Europe, the …

Barcelona, Atletico ordered to further tighten belts by La Liga
3 years, 10 months ago

Barcelona, Atletico ordered to further tighten belts by La Liga

The Hindu  

FC Barcelona and Atletico Madrid will have to cut down the costs of their squads by more than 35 million euros following new salary limits imposed by La Liga on Tuesday to cope with the financial impact of the COVID-19 pandemic. League leader Atletico Madrid, meanwhile, must make savings of 35.4 million euros to meet a new budget of 217.3 …

LaLiga: ‘Not worried about Barcelona’s financial crisis,’ says league president Javier Tebas as club inches towards bankruptcy
3 years, 11 months ago

LaLiga: ‘Not worried about Barcelona’s financial crisis,’ says league president Javier Tebas as club inches towards bankruptcy

Firstpost  

“Big clubs like Barcelona are in heavy debts because they depend on revenues from ticketing and museums, something that they just couldn’t generate last year. Allaying concerns raised by mediapersons in a virtual press conference, Tebas said that “debt doesn’t mean anything” if the club’s revenue-generation capabilities are sound. The Spanish clubs introduced pay cuts to counter mounting losses, and …

La Liga Slashes Wage Cap By 610 Million Euros For 2020-21 Season, Barcelona Worst Hit
4 years, 1 month ago

La Liga Slashes Wage Cap By 610 Million Euros For 2020-21 Season, Barcelona Worst Hit

News 18  

La Liga has slashed spending limits for its clubs by 610 million euros for the 2020-2021 season due to the financial impact of the COVID-19 pandemic, Spain’s top soccer league said on Tuesday. Barcelona’s salary cap has been cut to 382.7 million euros from last season’s 671 million euros, while defending champions Real Madrid can spend 468 million euros, down …

Barcelona wants Neymar to pay back nearly $12 million
4 years, 1 month ago

Barcelona wants Neymar to pay back nearly $12 million

The Hindu  

Barcelona is suing Neymar for nearly $12 million, the amount the club believes it overpaid the Brazilian during the time he played in Spain, a source with knowledge of the case said Wednesday. The source said Barcelona overpaid Neymar to avoid possible tax irregularities while authorities investigated his transfer from Brazilian club Santos in 2013. RELATED| Neymar and Barcelona were …

Barcelona posts 97 million euros loss due to COVID-19
4 years, 3 months ago

Barcelona posts 97 million euros loss due to COVID-19

The Hindu  

Barcelona has announced a loss of 97 million euros after tax for the 2019/20 financial year as a result of the COVID-19 pandemic, while a projected estimate of breaking the one billion euro mark in revenues was also scuppered. The Catalan club also said in a statement on Monday that they had made revenue of 855 million euros, 14 per …

Lionel Messi to Bayern Munich? 'We Can't Afford it', Jokes Thomas Mueller
4 years, 4 months ago

Lionel Messi to Bayern Munich? 'We Can't Afford it', Jokes Thomas Mueller

News 18  

Bayern Munich forward Thomas Mueller jokingly conceded Thursday the European champions do not have the financial resources to sign Barcelona star Lionel Messi if he becomes available. Messi reportedly earns an annual salary upwards of 50 million euros, almost three times more than Bayern’s highest-paid players, such as Robert Lewandowski, Manuel Neuer and Mueller. Mueller admitted he never foresaw Messi …

Borussia Dortmund makes loss of $52M amid virus pandemic
4 years, 4 months ago

Borussia Dortmund makes loss of $52M amid virus pandemic

The Hindu  

Borussia Dortmund made a loss of 43.9 million euros last season as the coronavirus pandemic took its toll on the German club’s financial figures for 2019-20. Dortmund normally has around 80,000 supporters at home league games, but the last five Bundesliga matches at the Westfalenstadion were without fans. The club said its total revenues, including including incoming transfer fees, were …

Dortmund's Sancho off to pre-season camp amid transfer speculation - Football News
4 years, 5 months ago

Dortmund's Sancho off to pre-season camp amid transfer speculation - Football News

The Hindu  

Borussia Dortmund winger Jadon Sancho left with his team for a pre-season training camp in Switzerland on Monday amid ongoing speculation of a possible transfer to the English Premier League. The 20-year-old England international, who has a contract with the German club until 2022, had a stellar season with the Bundesliga runner-up and has been reportedly targeted by several top …

CAS dismisses Santos case against Barca over Neymar transfer
4 years, 6 months ago

CAS dismisses Santos case against Barca over Neymar transfer

The Hindu  

The Court of Arbitration for Sport has rejected Brazilian club Santos' case against Barcelona relating to the signing of Neymar in 2013, the La Liga club said in a statement on Tuesday. Santos had presented a claim to FIFA in 2015 asking for 61,295,000 euros in compensation and damages after Barca made a payment to Neymar's father and the family …

Neymar ordered to pay Barcelona 6.7m euros following bonus dispute
4 years, 6 months ago

Neymar ordered to pay Barcelona 6.7m euros following bonus dispute

The Hindu  

A Spanish court has ruled in favor of Barcelona in a dispute with former player Neymar over a signing bonus paid in part to the Brazil striker before he left for Paris Saint-Germain. The court on Friday rejected Neymar’s suit that Barcelona owed him 43 million euros from part of a signing bonus that it never paid the player. The …

LaLiga: League president Javier Tebas expects more player swaps instead of big payments in transfer window
4 years, 6 months ago

LaLiga: League president Javier Tebas expects more player swaps instead of big payments in transfer window

Firstpost  

Tebas said he did not expect the Spanish league’s transfer market to move more than 800 million euros, compared to 3 billion euros last summer. Javier Tebas said on Thursday he expects Europe’s major football leagues to align their transfer windows to start in July and finish in mid-October before the likely delayed start of next season’s Champions League. ‘Stick …

COVID-19 could wipe 10 billion euros off player values
4 years, 8 months ago

COVID-19 could wipe 10 billion euros off player values

The Hindu  

The transfer value of players in 10 of Europe’s top leagues could plummet by up to 10 billion euros due to the economic crash caused by coronavirus, a study by accounting firm KPMG said on Wednesday. KPMG estimates that Europe’s top five leagues, including France, where the season has ended, could lose four billion euros if the campaigns cannot be …

Coronavirus: Prices will be negotiated in next transfer window
4 years, 8 months ago

Coronavirus: Prices will be negotiated in next transfer window

The Hindu  

Elite European clubs will be able to sign players at "fire-sale prices" in the next transfer window due to the financial pressure brought about by the coronavirus pandemic. "There will be many clubs in Europe who are under financial distress and therefore they will be trying to sell off assets and willing to accept fire-sale or liquidation-sale prices for players …

Sancho transfer unlikely during current global scenario: Zorc
4 years, 8 months ago

Sancho transfer unlikely during current global scenario: Zorc

The Hindu  

Borussia Dortmund sporting director Michael Zorc does not believe any club will risk a big-money offer for Jadon Sancho this year. However, with clubs across the world facing a significant loss of earnings due to the football shutdown caused by the coronavirus pandemic, the likelihood of Sancho leaving for such a fee appears reduced. United executive vice-chairman Ed Woodward stated …

Joao Felix, Antoine Griezmann and the hits and misses among 2019's biggest transfers
4 years, 8 months ago

Joao Felix, Antoine Griezmann and the hits and misses among 2019's biggest transfers

The Hindu  

Saturday should have seen Barcelona host Atletico Madrid in LaLiga and pit Antoine Griezmann against his old club once more. JOAO FELIX: Benfica to Atletico Madrid Benfica and Portugal's golden boy scored in pre-season victories over Juventus and Real Madrid to give Atleti fans reason to believe the post-Griezmann future was bright. VERDICT: MISS EDEN HAZARD: Chelsea to Real Madrid …

Barca not negotiating for Neymar or Lautaro Martinez: Tebas
4 years, 8 months ago

Barca not negotiating for Neymar or Lautaro Martinez: Tebas

The Hindu  

Barcelona is not negotiating deals for Paris Saint-Germain star Neymar or Inter forward Lautaro Martinez, according to La Liga president Javier Tebas. The Catalan giant has been heavily linked with moves for Neymar and Martinez amid growing speculation it could land both – or at least one – of the stars. "It's not true that Barca are currently in negotiation …

Fans ruled out at football stadiums in Spain until 2021: La Liga broadcaster
4 years, 8 months ago

Fans ruled out at football stadiums in Spain until 2021: La Liga broadcaster

Deccan Chronicle  

Madrid: Spectators are unlikely to be able to return to football stadiums until next year at the earliest due to the continued threat of the novel coronavirus, according to Jaume Roures, the head of Spanish media company Mediapro which broadcasts La Liga. Roures, whose company also manages the international broadcasting rights for the Spanish top flight and broadcasts the Champions …

Valencia players agree to coronavirus pay cuts
4 years, 8 months ago

Valencia players agree to coronavirus pay cuts

The Hindu  

Valencia has confirmed its first team players will accept pay cuts to limit the economic damage felt by the club from the coronavirus pandemic. After weeks of negotiations, Valencia announced the club will also apply for the Spanish government’s furlough scheme, which allows employers to reduce working hours and pay in exceptional circumstances. Valencia has followed a number of La …

Coronavirus: Premier League's transfer market bubble set to burst
4 years, 8 months ago

Coronavirus: Premier League's transfer market bubble set to burst

The Hindu  

The financial squeeze put on Premier League clubs by the coronavirus crisis could be felt across the continent in the coming months as the well to fund massive transfer fees runs dry. “If you're trying to get 30 percent pay cuts from existing players, you may have to put a transfer embargo in place,” former Manchester United captain Gary Neville …

Coronavirus: The big money transfers this summer that could now be scuppered
4 years, 8 months ago

Coronavirus: The big money transfers this summer that could now be scuppered

Daily Mail  

It had promised to be one of the most feverish summer transfer markets in several years, with blockbuster names moving all over the place and sagas galore. HARRY KANE Tottenham Hotspur to Manchester United or Real Madrid A quite remarkable transfer possibility that has emerged in recent weeks with Tottenham letting Manchester United know their talismanic striker Harry Kane could …

CAS orders Sevilla to pay Nancy slice of Lenglet transfer
4 years, 8 months ago

CAS orders Sevilla to pay Nancy slice of Lenglet transfer

The Hindu  

Sevilla have been ordered by the Court of Arbitration for Sport to pay Nancy 3.7 million euros from the transfer of Clement Lenglet to Barcelona, the French club said. The Ligue 2 club released a statement saying on April 14, CAS upheld a decision by FIFA last July, which ordered Sevilla to pay part of the original fee plus interest …

COVID-19: Football must resume 'for economic reasons' - Rummenigge
4 years, 9 months ago

COVID-19: Football must resume 'for economic reasons' - Rummenigge

The Hindu  

Bayern Munich chief executive Karl-Heinz Rummenigge believes it is imperative the Bundesliga resumes when possible for financial and sporting reasons. However, it would appear Germany's top flight is closer to returning than other leagues as most teams have already resumed training in small groups, with games set to take place behind closed doors in early May. "We know that it …

COVID-19: Sevilla joins top La Liga clubs in slashing wage bill
4 years, 9 months ago

COVID-19: Sevilla joins top La Liga clubs in slashing wage bill

The Hindu  

Sevilla said on Wednesday it planned to join Barcelona and other top Spanish clubs in slashing players’ wages by up to 70 per cent in response to the coronavirus pandemic. With Spain’s La Liga suspended indefinitely and club income sharply reduced, Sevilla said its decision would affect first team players as well as other playing staff and back room staff. …

Bayern president expects transfer fees to dip after pandemic
4 years, 9 months ago

Bayern president expects transfer fees to dip after pandemic

The Hindu  

Bayern Munich president Herbert Hainer expects a significant decrease in transfer fees following the coronavirus pandemic. READ| Asked about the potential impact of the coronavirus crisis on transfer fees, Hainer told Bayern's 51 magazine: "As I said, although serious predictions are difficult to make, it's obvious there'll be changes. Hainer acknowledged the situation has put clubs in precarious financial positions, …

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