Football finance - Takeovers - Bankruptcies - Boardroom struggles - Sponsorship deals
 
FC Barcelona will earn over €730,000 from the "loan" of their players to international sides competing in the World Cup. FIFA agreed for the first time to pay €1,300 per day per man to the clubs, starting 15 days before the competition began. Barça have eight players in the Spanish squad and another seven in various other teams. (10.07.10)
Wimbledon champion Rafa Nadal has agreed to buy a stake in his local club Mallorca. Nadal's uncle Miguel Angel, who played for the side before joining FC Barcelona, has been named as assistant to new coach Michael Laudrup. The club was recently taken over by a group of businessmen, with ex manager Lorenzo Serra Ferrer at the helm. (09.07.10)
After many failed attempts, Betis's long standing major shareholder Manuel Ruíz de Lopera has finally sold his stake in the club. The new owners are a group of businessmen going under the name of Bitton Sport, headed up by the ex president and owner of Xerez, Luis Oliver, who reportedly have agreed a price of €16 million, payable over a period of five years. (07.07.10)
Virtually the first move by Barcelona's new president Sandro Rossell was to tie up a syndicated bank loan of €150 million. Rossell reported that his predecessor Joan Laporta had left the club with debts of around €489 million, and that there was not even enough left in the kitty to pay the June payroll to the players. (06.07.10)
Atlético Madrid are in talks with an investment fund with a view to giving up part of the transfer rights of their younger rising stars in exchange for cash. The idea would be share profits with their partners on the sale of the players in the future. The fund that Atlético are reportedly in conversation with belongs to Creative Artists Agency, a talent agency which has had Brad Pitt, Tom Cruise and Bruce Springsteen on their books amongst others. Their newly created sports division is headed up by Peter Kenyon, ex executive director of Manchester United and Chelsea. (01.07.10)
The local courts in Mallorca have accepted the club's request for a voluntary creditors' administration, which will come in to effect immediately. The club's owner Mateo Alemany is expected to sell out to a group headed up by ex-manager Lorenzo Serra Ferrer. (09.06.10)
Atlético Madrid's new stadium is expected to be ready for the end of the 2012/13 season, and the club will be asking UEFA for the OK to house the Champions League final that year. Work is expected to begin soon on the 73,000 capacity venue. (05.06.10)
Málaga may be the latest club to be sold to Arab investors. All reports are that Qatar's Sheikh Abdullah Bin-Nasser Al-Thani has agreed terms to buy the Andalusian side, and that an announcement will be made mid-June to confirm the deal. Club president Fernando Sanz refused to confirm or deny the sale, which could bring in €20 or €30 million to turn them in to a team which could compete with the top sides in Spain. (30.05.10)
Mallorca have asked the local courts to accept their petition to put the club into a voluntary creditors' administration. The club's president and current owner Mateo Alemany waited until they were granted the licence to take part in next season's Europa League, but after several failed takeover bids, and with debts of between €50 and €60 million, Alemany said that this was the only way they could go forward. (25.05.10)
Real Madrid do not want the upcoming VAT increase to affect season ticket prices, so as a favour to their members (?) they are proposing to process the renewals earlier than usual before the end of June deadline. Rates are due to rise from 16% to 18% as from 1st July. (22.05.10)
Barcelona announced plans to earn a further €20 million over the next two years by strengthening their "Barça TV" television platform. The additional income will come from a better use of the TDT digital system. (20.05.10)