Executive Transactions Names In The News FFA Records $6.2M Profit For '13-14 La Liga Valencia Discards New Bat Logo Qatar Reveals Third WC Stadium Design Qatar Looks To Enter F1 Circuit Healthpoint Partners With Man City Sony Reportedly Will Not Renew FIFA Deal Portsmouth To Host America's Cup Races BBC To Show All FIFA Women's WC Games
SBD Global/June 4, 2014/FinancePrint All
Spanish Football Federation (RFEF) President Angel María Villar is looking "to prohibit clubs from working with players partially owned by third-party investors," according to Llorens & Jiménez of AS. Villar "has wanted to implement this change for some time." Throughout April, an RFEF Delegate Committee composed of 12 members -- four federation presidents, four representing the clubs and the rest representing players, referees and coaches -- held meetings, "eventually voting in favor of Villar's idea." Villar's proposal "would make life difficult both for clubs that currently have players who are the property of investors and also for clubs looking to sign such players." Spanish Football League (LFP) President Javier Tebas "favors such investors in Spanish football because he believes the league needs this source of financing." Tebas said in December of third-party investors, "It will allow us to decrease and manage our debt, which will help us become more competitive at the club level. If people are willing to decrease our debt, they are welcome" (AS, 6/3).
Bulgarian football club CSKA Sofia "looks to have dragged itself away from the possibility of bankruptcy with the appointment of one of Bulgaria's biggest businessmen," Petar Mandjukov, to the board, according to Alexander Krassimirov of INSIDE WORLD FOOTBALL. This follows the club's "failed attempt at becoming a publicly-owned company on the Bulgarian Stock Exchange." Mandjukov has "immediately stumped up the cash to secure the club's license from UEFA" and CSKA Sofia President Alexander Tomov has announced that the club budget for the coming season will be between €5M-€6M ($6.8M-$8.2M). He also announced that there will be "changes in the marketing strategy of the club, which he said was 'very weak.'" Tomov said the club has plans to "launch its own TV channel and club publication, mirroring the commercial activity of other European clubs" (INSIDE WORLD FOOTBALL, 6/3).
The French Football Federation approved an estimated budget of €205M ($280M) for '14-15 fiscal year at its federal assembly in Paris on Saturday. The FFF's revenues from TV rights and partnership contracts are included in the estimated budget. FFF General Treasurer Denis Trossat said, "The amount of all partnerships from 2014-2018 amounts to €83.5 million ($114M) per season, an increase of 11.6 percent from 2010 to 2014. Net TV rights amounted to €48.5 million ($66M) and increased by 3 percent from 2013 to 2014" (FFF).
Ligue 1 side Paris St. Germain "has received the biggest slice of the league's TV money distribution during the '13-14 season," according to STAR AFRICA. PSG, which won its second consecutive league title in '13-14, received almost €45M in TV revenue. The club is followed by Marseille with close to €42M and Lyon with about €41M (STAR AFRICA, 6/3).
Ligue 1 TV Money '13-14
Club TV Money
Paris St. Germain
€44.7M Olympique de Marseille €41.9M Olympique Lyonnais €41M LOSC €36.6M Bordeaux €32.1M Saint-Étienne €32M Monaco €29.5M Rennes €24.1M Toulouse €22M Lorient €21.8M Montpellier €21.5M Reims €17.1M Nantes €16.8M Bastia €16.5M Nice €16.4M Evian €16.4M Valenciennes €15.5M Guingamp €14.8M Sochaux
€14.3M AC Ajaccio
Spanish judge Pablo Ruz received a report from the Spanish tax authorities that concluded that Barcelona did not pay €9.1M in taxes when it signed Neymar last summer, according to AS. Ruz has "called former Barcelona president Sandro Rosell to testify on June 13." Barcelona "already paid" €13.5M when it was "accused of fraud, but this payment came after the judicial proceedings had begun." The Spanish tax authorities' report claimed Barcelona committed tax fraud when it did not declare its payments to "organizations associated with the player" of €10M in '11 and another €27.9M to finalize the signing in '13. Spain's penal code "establishes a sanction equal to six times the amount defrauded." If Barcelona is "convicted of the charges, the club would have to pay, in addition the €9.1M supposedly defrauded, a fine that could reach" €54M ($73.6M) (AS, 6/3). REUTERS' Tim Hanlon reported Ruz "called for representatives of the club and Rosell to appear in court on June 13." A court order said that they will be asked to "quantify the amount withheld by FC Barcelona for the income payable in relation" to Neymar for "Income Tax of Non-Residents (IRNR) and (regular) income tax" (REUTERS, 6/3).