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SBD Global/July 17, 2017/Franchises

Franchise Notes: Man City Pushes Summer Expenditure Beyond £125M

Man City
took its summer expenditure beyond the £125M ($164M) mark "after completing the signing of Kyle Walker from Tottenham Hotspur." The defender signed a five-year contract worth £150,000 ($196,600) per week after passing a medical. Base, the agency that represents Walker, said that the deal was a "world-record fee" for a defender, meaning Man City paid in excess of the £50M Paris St. Germain parted with to sign David Luiz from Chelsea in '14 (LONDON TIMES, 7/14).

Scottish Premiership side Hibernian "smashed" through its record season ticket sales as supporters gear up for the "first top flight campaign in four years." The club passed the 12,000 mark "for the first time ever and with three weeks still to go before the opening Premiership game of the season against Partick Thistle" (Scotland DAILY RECORD, 7/16).

League One side Blackpool Manager Gary Bowyer said that "high wage demands are making it more difficult to sign players in the summer transfer window." The club has "brought in seven new faces so far this summer" (BBC, 7/14).

Fourth tier German side 1860 Munich is "charging more for an adult standing season ticket" than Bayern Munich. 1860 was relegated from the second tier in May and "immediately dropped down another level after failing to transfer" about €5M ($5.7M) to the German FA (DFB) for a third division license. The club announced on Friday that fans will have to pay €199 ($228) for a full-price adult standing terrace season ticket, an increase of €7 ($8) on last season's 2nd Bundesliga ticket (ESPN.com, 7/14).

EPL side Leicester City owners "emphatically denied allegations of corruption in Thailand." According to reports, King Power is "facing a multi-million pound lawsuit for allegedly failing to pay the Thai government money due from the operation of the company's duty free franchise at Bangkok's Suvarnabhumi airport" (PA, 7/14).
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