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Cristiano Ronaldo Reportedly Reconsiders Leaving Real Madrid; Di María Reaches Deal

Published in SportsBusiness Daily Global on 06 / 22 / 17

Cristiano Ronaldo said he felt that Real Madrid President Florentino Pérez defending him "was very positive," according to Manu Sainz of AS. Pérez said, "Cristiano isn't someone who is motivated by money. He's hurt, and possibly quite rightly so, because he has tried not to upset anyon...

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Tags: Europe, Finance

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EU Rules Against Real Madrid

The European Union "has delivered its resolution against Real Madrid for receiving state aid " from the Spanish authorities and has ordered the government to recover the €18.4M ($20.8M) plus accrued interest that the club received, according to Joaquín Maroto of AS. The judgment sa ...

Tags: Finance, Europe

Everbright Confirms Liverpool Proposal

Sources close to Chinese conglomerate Everbright said that the firm's offer for Liverpool "is real and in discussion," according to Paul Nicholson of INSIDE WORLD FOOTBALL. Reports on Wednesday in the Asian business press said that Everbright "knew nothing of the proposal are wrong," and the pr ...

Tags: Finance, China, United Kingdom

Wang Jianlin Fires Warning

China Inc.'s record "burst of investment in global football could leave investors burnt and out of pocket," says China's richest man, Wang Jianlin, in the "highest profile warning yet" on a $4B splurge since '15 that has "stunned European football," according to Miller & Zhang of REUTERS. The Da ...

Tags: Finance, China

Finance Notes

Former ManU player Gary Neville "has already taken on his old football club in his new career as property developer ." Now he is "in a battle with the heritage lobby ." Neville and former teammate Ryan Giggs "have signed up Asian investors to transform a historic part of Manchester." B ...

Tags: Finance

Hull City Takeover Appears Imminent

China's "investment assault on European football has gathered further momentum" as a Chinese takeover of Premier League club Hull City "appears imminent," according to CHINA DAILY. The sale of Hull City to siblings Dai Yongge and Dai Xiu Li "is imminent." The pair recently registered a new U.K.-base ...

Tags: Finance, Asia, United Kingdom

Paddy Power Betfair Falls To Loss

The £7B ($9.26B) merger of Paddy Power and Betfair "has started to pay off" after the combined company said that cost savings "would be achieved a year ahead of schedule and be greater than initially forecast," according to Nic Fildes of the FINANCIAL TIMES. However, the tie-up, completed ...

Tags: Finance, United Kingdom

Scottish Clubs Set For CL Payday

Scottish Premiership sides will gain over £200,000 ($264,550) each "following Celtic's progression to the Champions League group stage," according to STV. Teams in this season's top flight "will benefit from a solidarity payment handed out to leagues with participants in Europe's top club comp ...

Tags: Finance, United Kingdom

China's Spending May No End With LFC

When John Henry bought Liverpool in '10, China’s currency was trading at 6.7 yuan to the dollar and "heading higher," according to Tom Mitchell of the FINANCIAL TIMES. It would eventually peak in early '14 at six yuan to the greenback. It is doubtful that Henry "gave much thought to how many r ...

Tags: Finance, Europe

Kobe Bryant Unveils VC Tech Fund

Former NBA player Kobe Bryant on Monday unveiled his new $100M venture-capital tech fund, and while he "acknowledges he's no expert on the tech industry," there are "areas where he's been prescient, including Asia," according to Dave & Lien of the L.A. TIMES. His partner, Jeff Stibel, said that ...

Tags: Asia, Finance

Leverkusen Unveils Record Profit

Bundesliga club Bayer Leverkusen "unveiled its financial results for the '14-15 season in which it made a record profit," according to Thomas Gassmann of the EXPRESS. The club, which is owned by pharmaceutical company Bayer, generated a profit of & ...

Tags: Finance, Europe

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