European Leagues have called for a new revenue redistribution model in European club football, warning that growing international competition income is widening financial gaps and weakening domestic leagues.

Speaking at the organisation’s general assembly in Sofia, chair Claudius Schäfer said international football revenues are growing significantly faster than domestic league revenues, creating what he described as an “ongoing process of cannibalisation of domestic league value”.

With a new rights cycle approaching and the prospect of an expanded Club World Cup, Schäfer said addressing financial polarisation has become the leagues’ main strategic priority.

Redistribution debate

Schäfer said financial polarisation is increasingly translating into sporting imbalance across European football.

“We have financial polarisation that leads the sporting polarisation. In the end, it is a problem for competitive balance,” he said.

European Leagues plan to develop their own redistribution proposal ahead of discussions with UEFA and the European Club Football (EFC) body, where Europe’s largest clubs are likely to resist any reduction in their share of international competition revenues.

 

Tebas calls for governance reforms in French football

La Liga president Javier Tebas has criticised the governance of French professional football, arguing that the country’s league authorities must “start by cleaning house” amid the ongoing crisis surrounding Ligue 1’s broadcast rights.

Speaking to Le Figaro, Tebas said the French Professional Football League (LFP) had “no other solution” than launching its Ligue 1+ platform following failed negotiations with broadcasters. However, he warned the project had been launched too quickly and now faces two possible outcomes: either achieving financial viability that meets clubs’ expectations or eventually being acquired by a broadcaster.

The Spanish executive also argued that deeper structural problems lie behind the crisis, calling for governance reforms at the top of French football. Tebas said changes were needed to improve governance rules, avoid conflicts of interest and revisit several strategic decisions taken in recent years.

Governance criticisms

Among the measures he criticised were the reduction of Ligue 1 to 18 clubs and the distribution model for international media rights, which currently allocates revenue only to clubs competing in European competitions.

LFP president Vincent Labrune rejected the intervention, telling Le Figaro that the governance of French football “does not concern Mr Tebas”, while adding that the Spanish executive should instead focus on addressing recurring racist incidents in Spanish stadiums.

 

Rome assembly approval moves Roma closer to new Pietralata stadium

Rome’s city assembly have approved the technical and economic feasibility plan for AS Roma’s proposed new stadium in Pietralata, marking another step towards realising the club’s long-running plans for a new ground. The resolution passed with 39 votes in favour, five abstentions and none against.

Urban planning councillor Maurizio Veloccia said the vote concludes the political authorisation process, leaving a technical phase including a services conference and environmental impact assessment before construction can begin.

Veloccia said he hopes the foundation stone could be laid in early 2027. The project is also included in Italy’s dossier for UEFA Euro 2032, although a completion date has not been confirmed.

€1.5 billion project

Rome’s city government had earlier approved a resolution confirming that the project’s technical and economic feasibility plan complies with conditions set out in the public interest declaration issued in May 2023.

The €1.5 billion project covers 27 hectares in Pietralata and includes a 60,605-seat stadium alongside public spaces, retail and hospitality facilities.

Tottenham Hotspur chief executive Vinai Venkatesham has criticised the club’s previous wage structure and player investment strategy under former chairman Daniel Levy, saying the approach weakened Spurs’ competitiveness in the transfer market, as reported by The Telegraph.

In a summary of discussions from a recent meeting with the club’s Fan Advisory Board, Venkatesham said an internal review had identified the wage framework and player transaction model implemented during Levy’s tenure as factors that had limited the club’s ability to strengthen the men’s squad.

He also warned that the club have been loss-making for several years, meaning future squad investment will depend partly on increasing player sales alongside revenue growth in order to remain within financial regulations.

Wage model removed

Venkatesham told supporters that Tottenham have now removed the wage structure introduced during Levy’s time in charge as part of wider changes to the club’s governance and football operations.

When approached by The Telegraph, Daniel Levy declined to respond to the criticism raised by Vinai Venkatesham. People close to the former chairman, however, disputed the claims and highlighted that Tottenham qualified for a European competition in 18 of his 20 seasons in charge of the club.
 

Apollo inject €100 million into Atletico Madrid and appoint David Villa to board

Apollo Global Management have invested €100 million into Atletico Madrid after formally completing the acquisition of a 55 per cent stake in the LaLiga club, according to a club statement.

The transaction also triggers changes to Atletico’s board, which will expand to 11 members. Former Spain international David Villa joins as one of five directors representing Apollo, alongside Robert Givone, Tristram Leach, Sam Porter, Javier Valle and Antonio Vázquez-Guillen.

Chief executive Miguel Ángel Gil Marín and president Enrique Cerezo remain on the board but now hold minority stakes of 10 per cent and 3 per cent respectively, as reported by 2Playbook. Quantum Pacific Group become the second-largest shareholder with 25 per cent, while Ares Management retain a five per cent stake.

Sport city funding

Apollo’s investment comes as Atletico progress plans for the Ciudad del Deporte complex, a mixed-use leisure and entertainment development surrounding the Riyadh Air Metropolitano stadium.

The club said the funding will support the project while maintaining investment in the first team.
 

Report claims Marseille executive filed police incident report after Benatia dispute

A senior Olympique de Marseille executive filed a police incident report following an internal dispute with sporting director Medhi Benatia during the 2024 summer transfer window, according to La Provence.

The outlet reports tensions developed between Benatia and Cécilia Barontini, who had been appointed to help oversee the club’s administration alongside Alban Juster under president Pablo Longoria. Barontini is said to have opposed several sporting decisions, including the signing of Mason Greenwood.

La Provence adds that the disagreement escalated over several weeks and culminated in a confrontation in Longoria’s office at the club’s La Commanderie training centre, after which Barontini recorded an incident report with police.

Marseille reject

Marseille rejected the allegations during a press conference ahead of their Ligue 1 match against Auxerre. Director of communications Bel-Abbès Bouaissi said the club were “extremely shocked” by the report, describing the articles as containing “accusatory” claims and “unfounded insinuations”.

The investigation, based on around 20 anonymous sources, also alleged tensions between Benatia and Greenwood during the season, with the sporting director questioning the forward’s commitment and considering making him available for transfer.

Seven Ligue 1 club presidents have called on the French National Assembly to quickly schedule debate on reforms to the governance of professional football, warning the sport in France is facing growing financial and structural pressure.

In a joint opinion piece titled “Professional soccer, a match not to be missed”, the presidents said professional football in the country is “now weakened” and urged lawmakers to place a bill reforming the governance of the game on the Assembly’s agenda “as early as spring”.

The bill, adopted by the Senate in June 2025 and put forward by senators Laurent Lafon and Michel Savin, would notably replace the Ligue de Football Professionnel (LFP) with a club-run company, a model used in several other major European leagues.

Risk of decline

The signatories - the presidents of Olympique Lyon, RC Lens, FC Metz, Olympique Marseille, Paris FC, Le Havre AC and Stade Rennais - argued the change is necessary to “professionalise the management of audiovisual rights and rethink the strategy to enhance the value of our championship among audiences and broadcasters”.

They also pointed to declining broadcast revenues, citing a UEFA report published in February showing television rights now account for 19 per cent of total Ligue 1 club income, compared with between 35 and 46 per cent in other major European leagues, and warned this could lead to a “risk of decline” in sporting competitiveness.

Iran say they will not compete at 2026 World Cup

Iran’s sports minister has said the country will not take part in the 2026 FIFA World Cup following the killing of supreme leader Ayatollah Ali Khamenei in US-Israeli strikes.

Ahmad Donyamali told Iranian state television that Iran could not participate in a tournament co-hosted by the United States, Canada and Mexico after the attack, saying participation was impossible “under no circumstances”.

Iran qualified for the tournament and are scheduled to face Belgium and New Zealand in Los Angeles on 15 and 21 June respectively, before playing Egypt in Seattle on 26 June.

FIFA rules on replacement

FIFA would decide whether and how to replace Iran if the withdrawal becomes official.

The governing body’s regulations state that if a participating member association withdraws or is excluded from the World Cup, FIFA will determine the replacement “at its sole discretion”.

Union of European club proposes €2 billion redistribution of UEFA club competition revenue

The Union of European Clubs (UEC) has proposed redistributing around €2 billion of revenue from UEFA’s club competitions to all top-flight and professional second-tier clubs across Europe in an attempt to address widening financial gaps between elite and non-elite teams, according to a report from the Guardian.

Clubs competing in the Champions League, Europa League and Conference League currently share a €3.317 billion prize pot from roughly €4.4 billion in annual UEFA club competition revenue, largely generated by media rights. Only €308 million is distributed to clubs not involved in those competitions through solidarity payments.

Under the UEC proposal, the share allocated to Champions League clubs would fall from 74 per cent of the prize pot to 50 per cent, while the Europa League and Conference League shares would increase to 30 per cent and 20 per cent respectively. The funds would be pooled and distributed through domestic leagues rather than paid directly to participating clubs.

Revenue distribution model

Top-flight clubs would receive 85 per cent of the redistributed domestic pool, shared equally, while 15 per cent would be allocated to clubs in the divisions below. Clubs qualifying for European competitions would still receive their share of roughly €1.3 billion in performance-related prize mone.

UEC, which represents more than 140 non-elite clubs and is not formally recognised by UEFA, presented the plan to the general assembly of European Leagues in Sofia as UEFA prepares media rights sales for the 2027–2031 cycle.

David Storch consortium named preferred bidder for Sheffield Wednesday takeover

A consortium led by the American businessman David Storch has been named the preferred bidder to take control of Sheffield Wednesday.

The three-man administration team said the Arise Capital Partners group - consisting of Storch, his son Michael Storch and investor Tom Costin - had been selected ahead of bids from Mike Ashley and a consortium fronted by Charlie Methven.

The deal is thought to be worth less than £20 million and remains subject to the English Football League’s owners’ and directors’ test.

Points penalty risk

The bid is understood to fall short of covering all creditor claims, meaning Wednesday are likely to begin next season with a 15-point deduction under league rules.

The club have already been relegated to EFL League One after an 18-point deduction this season for failing to pay staff on time following the departure of owner Dejphon Chansiri in December.

UEFA have raised concerns that the Premier League’s new financial spending rules could increase the gap between English clubs and the rest of Europe, according to BBC.

Premier League clubs have voted to introduce a squad cost ratio (SCR) from next season, allowing teams to spend up to 85 per cent of their revenue on player costs. The system also allows spending to rise to as much as 115 per cent in certain circumstances before sporting sanctions apply.

By comparison, UEFA’s own SCR limit is 70 per cent for clubs competing in the Champions League, Europa League and Conference League.

Concerns over market impact

Andrea Traverso, UEFA’s director of financial sustainability and research, warned that the disparity could create “tensions in the market”.

He said the Premier League already generates around a quarter of total European club revenues and highlighted what he described as a “worrying concentration of talent”, with around 40 per cent of the world’s highest-value players at English clubs.

FIFA cuts more than $100 milion from 2026 World Cup operating budget

FIFA have cut more than $100 million from the operating budget for the 2026 World Cup, according to The Athletic, with multiple departments at the governing body’s US headquarters in Miami instructed to make “efficiencies”.

Staff working across areas including safety, logistics, security and accessibility have been told the tournament’s operating budget has been reduced by comfortably more than $100 million, with the order for tighter cost controls coming from FIFA’s headquarters in Switzerland.

FIFA’s 2024 annual report projected operational expenses for the 2023-26 cycle World Cup at $1.12 billion as part of a total tournament budget of $3.756 billion, which includes prize money and broadcast operations.

Revenue projections and reinvestment target

FIFA president Gianni Infantino told CNBC in February that the governing body expects the tournament, which will be held across the United States, Canada and Mexico in June and July, to generate more than $11 billion in revenue.

FIFA have also set a target to reinvest at least 90 per cent of their $12.9 billion investment budget for the 2023-26 cycle into global football development, equivalent to $11.67 billion.

Ashley outbid by Storch in Sheffield Wednesday takeover race as club face possible 15-point deduction

American businessman David Storch has emerged as the leading contender to buy Sheffield Wednesday after outbidding rivals including former Newcastle United owner Mike Ashley, according to The Times.

The Championship club have been searching for a new owner since owner Dejphon Chansiri placed the club into administration in October. Bids were submitted over the weekend by Storch, Ashley and a consortium led by former Charlton Athletic chief executive Charlie Methven.

Storch’s offer is understood to be significantly higher than Ashley’s, though the exact figure has not been disclosed and is believed to be below £30 million. Administrators are expected to announce the preferred bidder this week before the deal is subjected to the English Football League’s owners’ and directors’ test.

Possible points deduction

Separately, Sky Sports report that Wednesday could start the 2026/27 season in League One with a 15-point deduction unless Chansiri is paid £15 million he is owed by the club.

Under English Football League (EFL) rules, all football creditors must be paid in full in an administration process, while other creditors must receive 25 per cent on the pound. Chansiri, who has loaned more than £60 million to the club during his 11-year ownership, must therefore receive £15 million if the new owners are to avoid a points penalty.

None of the current bidders are understood to be prepared to make that payment.

Mercury13 acquires majority stake in Liga F club FC Badalona Women

Women’s football investment group Mercury13 has acquired a majority stake in Spanish top-flight club FC Badalona Women, marking the group’s first investment in Spain and its third club acquisition.

The deal follows Mercury13’s purchases of FC Como Women in 2024 and Bristol City Women in 2025, as the investor continues its strategy of building a multi-club network across the main European women’s leagues. The acquisition also represents the first time a women’s football-focused multi-club ownership group has invested in Liga F.

The agreement was followed by two commercial partnerships, with sportswear brand Nike confirmed as the club’s technical partner and ticketing platform Fever signing as principal front-of-shirt sponsor and strategic partner.

Governance changes

Mercury13 chair Lauren Holiday will join the club’s board and former FIFA executive Pedro Iriondo will become chief executive, while club president Josep Bellet will remain in his role.

From the 2026/27 season, the team is expected to play home matches at the Estadi Municipal de Badalona following renovation work led by the local municipality.

City Football Group has posted a pre-tax loss of £292.3 million for the 2024/25 financial year - a sharp increase from the £122.3 million pre-tax loss recorded last year.

The 11-club MCO, fronted by Manchester City and including Palermo and New York City, saw total revenue decline year on year by almost 5 per cent, from £933 million to £888 million. This was mainly due to a £36 million decrease in UEFA broadcasting revenue to £71 million.

Other broadcasting income fell by £18 million, partially offset by a £14 million increase in commercial revenue.

Profit from player sales almost halved compared to the previous year, falling from £211 million to £117 million.

Girona in blind trust

The group’s operating expenses reached £1.26 billion with wages accounting for £630 million, resulting in an operating loss of £362 million.

During the 2024/25 season, Girona were placed into an independent blind trust to comply with UEFA regulations on multi-club ownership after both they and Manchester City qualified for the Champions League. The Spanish club were therefore deconsolidated from the group’s financial accounts.
 

Abramovich remains "fully committed" to €2.7 billion Ukraine war donation but warns he will contest confiscation

Roman Abramovich says he remains committed to donating the €2.7 billion proceeds from the 2022 sale of Chelsea to victims of the war in Ukraine, but his legal team has warned the UK government he will challenge any attempt to confiscate the funds.

The money from the May 2022 sale remains frozen in a UK bank account belonging to Fordstam Ltd, a company wholly owned by Abramovich, amid an ongoing dispute over how the funds should be distributed.

In correspondence seen by The Athletic, Abramovich’s lawyers said the Russian businessman remains “fully committed” to donating the proceeds to charitable causes benefiting “all victims” of the war, but argued the UK government has “no legal basis” to threaten litigation or impose a licence to control how the money is transferred.

Distribution dispute

The UK government has sought to ensure the money is directed towards humanitarian aid in Ukraine. In December, Prime Minister Keir Starmer said the “clock was ticking” for Abramovich to transfer the funds to a new foundation and warned the government was prepared to pursue the matter through the courts.

Abramovich’s lawyers reiterated his position that the proceeds should benefit all victims of the conflict, including Russians - a stance that contrasts with the UK government’s intention for the funds to support humanitarian aid specifically in Ukraine.
 

beIN Sports appeal ruling ordering payment of €15 million to LFP Media

beIN Sports have appealed a Paris court ruling that ordered the broadcaster to pay the full outstanding sums owed to LFP Media for its Ligue 1 Saturday afternoon match package, according to L’Équipe.

The Paris economic activities court ruled that the Qatari broadcaster must pay €14.1 million in unpaid instalments linked to the rights agreement, plus late-payment interest. The total amount paid following the judgment was around €15 million.

The dispute stems from beIN Sports withholding part of the €78.5 million annual fee for the Saturday afternoon Ligue 1 fixture this season. At each of three payment deadlines the broadcaster deducted €4.7 million from the €18 million instalments and also sought €29 million in damages, arguing that restrictions placed on the broadcast reduced the value of the rights.

Despite settling the amount following the ruling, beIN Sports have now appealed the decision, extending an ongoing legal dispute with the French league’s commercial arm. From next season beIN Sports will no longer hold Ligue 1 rights, with the league’s new direct-to-consumer platform, Ligue 1+, set to broadcast all matches.

Amazon rights dispute

The broadcaster are also involved in a separate legal case with Canal+ against LFP over the valuation of domestic broadcast deals agreed in 2021.

LFP awarded Amazon Prime Video rights to 80 per cent of Ligue 1 matches for €250 million per season, while the remaining 20 per cent were sold to beIN Sports for €332 million, with Canal+ sublicensing the package. The two broadcasters criticised the disparity and are seeking €660 million in damages.

Real Madrid paid €277.5 million in salaries in the first six months of the 2025/26 season, a €38 million (16 per cent) increase on the same period a year earlier, according to interim financials filed by the club.

The higher wage bill contributed to a sharp fall in profitability. Pre-tax profit for the six months to December 2025 was €6.1 million, down 84 per cent from €38.3 million in the same period the previous year.

Most of the increase in personnel costs came from football staff, particularly first-team players. Personnel expenses for the first team rose by €26.5 million following the arrivals of Dean Huijsen, Trent Alexander-Arnold, Alvaro Carreras and Franco Mastantuono.

Decreasing revenue

Revenue also declined year-on-year. Real Madrid generated €571.3 million in the first half of the season, €18.5 million less than in the corresponding period of 2024/25.

Marketing income fell by €26 million, driving most of the decline, although this was partly offset by €29.2 million in prize money from the Club World Cup, where the club reached the semi-finals in July.

 

Milan prosecutors seek to close investigation into AC Milan sale

Prosecutors in Milan have asked a court to close an investigation into the 2022 sale of AC Milan that examined allegations the transaction concealed Elliott Management’s continued control of the club and obstructed oversight by the Italian football federation, according to Corriere della Sera.

The probe followed claims linked to the sale to RedBird Capital Partners on 31 August 2022 and complaints from minority investors that information about ownership and the transaction had been withheld.

The investigation began after a complaint from former minority investors Salvatore Cerchione and Gianluca D’Avanzo, who said they had been excluded from discussions about the sale.

No criminal misappropriation

Prosecutors concluded the minority shareholder had been deliberately kept unaware of negotiations that had started in December 2021 and that the release of a pledge on shares in 2022 constituted a civil violation, but not criminal misappropriation.

Court documents related to the investigation showed the sale agreement included a financial mechanism linked to around 5 per cent of the club’s value. The instrument does not give Elliott shares, voting rights or governance influence, but could allow the fund to benefit financially if Milan is sold in future at a significantly higher valuation.

 

LAFC stake sale values MLS club at $1.25 billion as Carlos Vela joins ownership

Los Angeles FC have sold a 6 per cent minority stake at a $1.25 billion valuation, with former player Carlos Vela among the investors joining the Major League Soccer club’s ownership group.

According to Sportico, the transaction was agreed in 2025 and closed earlier this year. The stake was acquired by three new investors, including Vela, while existing investors Joe Tsai and Mike Mahan exited the group.

The identities of the two other incoming investors were not disclosed, although Sportico reported that one is a Korean-American investor and the other a Mexican businessperson.

LAFC confirm

Founded in 2014, LAFC joined MLS in 2018 after paying a then-record $110 million expansion fee. The club generated $158 million in revenue in 2025 and are ranked among the league’s most valuable franchises.

LAFC confirmed that a transaction had taken place but did not publicly disclose further details.

Clubs in the English Football League (EFL) have approved plans to expand the Championship play-offs from four to six teams from the 2026/27 season, creating a route for the sides finishing seventh and eighth to reach the Premier League.

The decision was confirmed on Thursday, with teams placed third to eighth entering the post-season competition. The revised format will increase the number of play-off matches from five to seven.

Under the proposed structure, the teams finishing fifth to eighth will compete in two single-leg eliminator ties, with the winners progressing to the semi-finals against the third and fourth-placed sides.

The semi-finals will continue to be played over two legs before the winners meet in the play-off final at Wembley Stadium. A finalised format is expected to be confirmed later this year.

Strengthening the Championship

In a statement, EFL chief executive Trevor Birch said the play-offs are a highlight of the domestic football calendar and expressed confidence the new format would benefit the league.

“This change will further strengthen the Championship as a competition and give more clubs and their supporters a genuine opportunity of achieving promotion,” Birch said.
 

Nottingham Forest sideline Edu as former head coach Nuno pursues legal dispute

Nottingham Forest have told global head of football Edu not to attend matches as pressure grows on the Brazilian executive following a difficult season on and off the pitch, according to English media.

Edu, who joined Forest in the summer after leaving Arsenal, did not attend the club’s 2-2 draw away to Manchester City on Wednesday night, as he has been instructed to stay away from the club’s stadium and training ground.

The development follows criticism of Forest’s recruitment and managerial decisions after spending around £200 million on players in the summer. The club have dismissed three managers this season and sit 17th in the Premier League, outside the relegation zone only on goal difference.

Legal dispute

The club’s managerial instability has also led to a legal dispute with former head coach Nuno Espírito Santo, now in charge of West Ham. According to The Athletic, lawyers have been appointed as Nuno challenges the circumstances surrounding his dismissal at the start of the season.

The Portuguese coach had signed a new three-year contract with Forest in June, but relations deteriorated quickly after the new campaign began. Sources familiar with the situation have described the dispute as acrimonious, highlighting the strained relationship between the two parties.
 

Ashley and Storch emerge as leading bidders for Sheffield Wednesday

Mike Ashley and US businessman David Storch are expected to submit rival bids for Sheffield Wednesday as the club’s administrators move towards selecting a buyer before the weekend.

According to The Telegraph, Begbies Traynor are awaiting final offers, with Ashley and Storch regarded as the two leading contenders to acquire the Championship club after its takeover process was reopened.

Ashley, the former Newcastle United owner, submitted an offer of around £20 million in November and has remained interested in purchasing the club.

Storch’s consortium had previously been involved in the process and has indicated it remains ready to proceed with a bid.

Takeover process reopened

The bidding process resumed after a proposed acquisition led by former professional poker player James Bord fell through last month.

Bord’s consortium had covered more than £4 million in operating costs after being granted exclusivity in December but withdrew after reassessing the club’s valuation, after an initial bid of £47.8 million.
 

Fund invests $40 million in NWSL side North Carolina Courage at $155 million valuation

Marc Lasry’s Avenue Sports Fund has agreed to invest $40 million in NWSL side North Carolina Courage at a $155 million pre-money valuation, according to Sportico. The minority investment still requires approval from the National Women’s Soccer League.

The agreement follows a failed attempt by Lasry to acquire a controlling stake in the club from owner Steve Malik two years ago at a valuation of around $108 million, with the deal collapsing due to league restrictions on private equity control ownership.

Lasry launched the Avenue Sports Fund in 2023 after selling his stake in the Milwaukee Bucks. The fund has since invested in several sports properties, including Ipswich Town.

Valuation increase

The club were founded in 2017 after Malik relocated the Western New York Flash to North Carolina. They have since won two NWSL championships, in 2018 and 2019.

In 2022, North Carolina Courage raised $15 million at a $66 million valuation, meaning the club’s valuation has risen by around 135 per cent in four years.

Europe’s biggest clubs are lobbying UEFA to increase the maximum squad size in the Champions League from 25 to 28 players, arguing the change would help reduce player injuries and ease workload during congested schedules, according to a report from The Guardian.

The proposal was raised at a meeting of UEFA’s club competitions committee last month, where several clubs supported expanding the current cap. However, the idea has met opposition from some of the 16 clubs represented on the committee.

No decision was taken and no formal proposal was tabled, but the issue was not dismissed and is expected to return to the agenda. The topic has also been discussed within UEFA’s national team competitions committee, where coaches are reportedly divided on the potential benefits of larger squads.

Concerns over talent concentration

Supporters of the change argue that larger squads would allow coaches to rotate players more effectively and maintain quality during matches, particularly in the later stages of the competition.

Critics warn the move could further concentrate elite talent at Europe’s richest clubs. With a limited pool of top-level players, even a small increase in squad limits could encourage leading teams to stockpile players, potentially accelerating the drain of talent from smaller European leagues already concerned about widening financial gaps.

Houston Dash owners relaunch sale process

The owners of NWSL club Houston Dash have restarted the process to sell the franchise after talks last year with a prospective buyer collapsed over league approval concerns.

According to Sportico, owner Ted Segal had been in advanced negotiations to sell the club to investment group RHC Partners for around $120m, but the discussions ended amid concerns within the NWSL about whether the group and the source of its funding would pass the league’s ownership vetting process.

The sale process had been centred for months on the RHC talks but is now focusing on other potential buyers.

Expansion benchmark raises expectations

In November, Atlanta Falcons and Atlanta United owner Arthur Blank agreed to pay a $165m expansion fee for a new NWSL franchise in Atlanta, setting a new benchmark for the league as valuations continue to rise.

Segal bought both the Dash and MLS side Houston Dynamo in 2021 for around $400m, when the women’s team accounted for only a small share of the overall deal value.

Leeds director warns Elland Road regeneration risks collapse without government infrastructure

Leeds United director Peter Lowy has warned that plans to regenerate the area surrounding their stadium Elland Road may fail without government-backed infrastructure, saying the wider development will “never happen” if it does not proceed now.

The club received planning approval from Leeds City Council in January to expand Elland Road from 37,645 seats to around 53,000. Lowy said the stadium redevelopment will move forward regardless but argued broader investment depends on transport improvements.

Speaking to BBC Radio Leeds, Lowy said the expansion represents a “once-in-a-generation opportunity” to redevelop the south Leeds area but warned that private capital will not wait indefinitely for public investment.

Infrastructure tied to wider investment

Lowy said that if the government delivers the transport infrastructure, investors could commit between £1 billion and £2 billion to a wider masterplan including up to 2,500 homes, around 200,000 square feet of office space and retail development.

West Yorkshire mayor Tracy Brabin has pledged to deliver a regional mass transit system, although the project has already been delayed by several years. BBC Radio Leeds reported in January that Lowy met chancellor Rachel Reeves to discuss funding a light rail link from Leeds station to White Rose, including a stop at Elland Road.

Saudi Pro League tells clubs matches will continue despite regional conflict

The Saudi Pro League has told clubs that matches will go ahead despite the escalating conflict in the Middle East, according to The Athletic.

The league wrote to clubs stating that security protocols are being followed and that fixtures will continue as scheduled, although the situation is being monitored on a day-to-day basis.

The communication follows reports that Iranian drones targeted the US embassy in Riyadh earlier this week, according to the Saudi Ministry of Defence. The King Fahd Causeway, linking Saudi Arabia and Bahrain, has also reportedly been targeted.

Staff raise safety concerns

Staff members working in the league told The Athletic there is growing unease among players and staff about their safety following the recent escalation.

One source said some players’ families had already left the region and that several foreign players were considering doing the same, despite the league informing clubs that matches this weekend are expected to proceed as planned.

The 36 clubs in Germany’s top two divisions have unanimously approved the introduction of a squad cost cap limiting spending on playing staff to 70 per cent of relevant revenues from the 2026/27 season.

The decision was taken at the general assembly of the Deutsche Fußball Liga (DFL), with the new rule set to apply initially with a softened sanctions regime before taking full effect in 2028/29.

Under the regulation, licensed player costs must not exceed 70 per cent of a club’s relevant income. The DFL said the measure is intended to safeguard the long-term financial stability of clubs, parent associations and the league.

DFL to rebrand as Bundesliga

At the same assembly, the clubs approved a renaming of the league association, with DFL e.V. to become Bundesliga e.V. and DFL GmbH to become Bundesliga GmbH from the 2026/27 season.

The presidency and supervisory board had previously backed the proposal unanimously, with the member clubs formally adopting the change.

According to the league, the rebranding aligns the association and its operating company with the competition brand. The existing Bundesliga and 2. Bundesliga logos will remain unchanged.

LaLiga raises club salary cap to €3 billion after winter window

LaLiga have increased the aggregate squad cost limit to €3 billion following the winter transfer window, up €95.3 million from September 2025.

After the transfer market closed, the combined limit for LaLiga and LaLiga 2 stands at €3,000.1 million, compared with €2,904.8 million at the start of the season. In LaLiga the total rises to €2,779.7 million.

FC Barcelona account for the largest increase, with their limit rising from €351.3 million to €432.8 million, primarily due to the recognition of nearly €100 million from the sale of a package of VIP seats. Atlético de Madrid increase their cap by €9.3 million to €336.3 million, while Athletic Club rise by €6 million to €132.1 million.

Winter window adjustments

Among the reductions, Levante UD see their limit fall from €35.5 million to €17.4 million after certain expected transfers, including that of Etta Eyong, did not materialise. Getafe CF drop to €34.8 million. Real Betis reduce their margin by €3.8 million to €122.1 million, while Elche CF decline by €3.6 million to €36.8 million.

In LaLiga 2, the aggregate cap increases by around 10 per cent to €220.4 million.

Leicester City restructure leadership amid PSR appeal

Leicester City have announced a revised leadership structure, promoting finance director Kevin Davies to chief executive officer and appointing director of football Jon Rudkin as chief football officer.

Davies will oversee the business and financial operations of the Championship club, while Rudkin will take responsibility for all football matters, including the women’s team.

The club have also appointed James McCarron as sporting director in a newly created role following his departure from Lommel SK. He will work alongside head of recruitment Martyn Glover on player identification. Interim managing director Kamonthip Netthanomsak remains in post as a link to owner Aiyawatt Srivaddhanaprabha, and Russell Jones has been named commercial director.

PSR appeal ongoing

The Championship club continue to deal with financial uncertainty and an ongoing appeal against a six-point deduction for breaching the Premier League’s profit and sustainability rules (PSR). The league had sought a 12-point penalty, but an independent commission reduced the sanction, noting the club’s efforts to bring their finances back below the PSR threshold. Both sides have appealed.

Kevin Davies, who has been at Leicester since 2011 and became finance director in April 2023, represented the club at the PSR hearing during a period of financial pressure.

DFL clubs approve new U21 league from 2026/27 season

The 36 clubs of the Bundesliga and 2. Bundesliga have unanimously approved the introduction of a new U21 competition from the 2026/27 season following a vote at the DFL general meeting on Tuesday.

The additional league will operate as a voluntary supplementary competition for clubs in Germany’s top two divisions and is designed to provide more competitive playing time for players in transitional age groups between U17 and U21. Clubs will not be required to establish new reserve teams in order to participate.

The format will consist of two separate league-style series, with the leading teams progressing to a final tournament. Up to four over-age players will be permitted per team, including to support the return of players from long-term injury. Matches will be played behind closed doors to limit organisational costs, although the DFL is exploring the possibility of staging the 2027 final tournament with spectators and media coverage.

Focus on transitional development

The decision follows a recommendation from an expert group formed by the DFL last year, which included representatives from the league, clubs, the DFB and external specialists. The group was tasked with identifying development priorities in German professional football.

DFL chief executive Marc Lenz said youth development is “a crucial factor for the future competitiveness and attractiveness of the Bundesliga”, adding that recent outcomes in youth and transitional development “have been insufficient”. He cited limited playing time for talented players as a contributing factor and described the new competition as a short-term measure, stating that “further measures must and will follow”.

Stoke City report £60.8 million pre-tax profit following ownership transfer

Stoke City have reported a pre-tax profit of £60.8 million for the year to 31 May 2025, compared with a £25.7 million loss the previous year, following a change in ownership structure.

The turnaround follows the transfer of outright ownership from bet365 to chairman John Coates in August 2024. Loans worth £90.5 million were waived as part of the restructuring, leaving the Championship club debt free and transferring ownership of the bet365 Stadium and Clayton Wood training complex to the club.

Revenue increased to £35.4 million from £32.2 million, driven in part by higher broadcast income. However, Stoke still recorded an operating loss of £30.9 million, up from £26.3 million, reflecting reduced player sale income and £13 million spent on strengthening the squad.

Infrastructure investment

A £13 million upgrade of the Clayton Wood training facility was completed in February. The club also reported improvements to the bet365 Stadium and the launch of an Elite Girls Academy, and said it is working with the EFL and the Independent Football Regulator on rules to allow “a greater level of sustainable owner investment”.

Stoke, relegated from the Premier League in 2018, are 14th in the Championship, 10 points outside the play-off places.

Santos have agreed a 90-day exclusivity period with US-based investment platform SDC Sports LLC to negotiate a potential takeover tied to the creation of a Sociedade Anónima do Futebol (SAF) - the Brazilian version of a limited company created specifically for football clubs, allowing them to sell shares to investors.

The club do not currently operate as a SAF and remain structured as a member-owned association. Any transaction would therefore require the formal establishment to authorise the transfer of up to 90 per cent of shares in a newly created SAF entity.

According to Gazeta Esportiva, the proposal represents the largest offer made to a Brazilian club when combining the commitment to settle outstanding debts with fresh capital for operations. Santos are understood to have received other approaches but chose to proceed with the US fund citing the scale of the offer and its experience in sport.

Governance change

If a transaction is completed, Santos president Marcelo Teixeira would not be involved in the club’s management.

Operational control would instead fall to Michael Lipman, who has previously advised Liverpool on commercial strategy and held roles connected to Roma, Inter Milan and UEFA, alongside investor Diego Garcia, who has experience with major US asset managers and focuses on long-term strategic investments.
 

Iran World Cup participation in doubt after US conflict escalation

Iran’s participation in this summer’s World Cup in the United States is in doubt following an escalation of conflict involving the tournament co-host, the Iranian football federation has said.

Iran are scheduled to play their three group matches in the US between 15 and 26 June. “What is certain is that after this attack, we cannot be expected to look forward to the World Cup with hope,” federation president Mehdi Taj said.

It is unclear whether Iran would refuse to send their team or whether the US government could prevent their participation in the 48-team tournament, which begins on 11 June.

Possible withdrawal or exclusion

FIFA has said it is monitoring developments, with tournament rules allowing the governing body to replace a withdrawn team at its discretion.

Iran qualified in March as one of eight guaranteed Asian places. The regulations state that FIFA may replace a withdrawn association with another, though they do not specify that any replacement must come from the same continental confederation.
 

Brentford secure new investment through minority shareholders

Brentford have added new minority shareholders, with Lucian Grainge and Prakash Melwani acquiring stakes in the Premier League club’s parent company.

Both will join the board of Best Intentions Analytics Limited, which owns Brentford and Spanish side Merida AD. Majority owner Matthew Benham remains in control, having held the club since 2012.

Existing investors Gary Lubner and Matthew Vaughn have also increased their holdings. The pair secured a reported 10 per cent minority stake last summer, which included an option to raise their share to 15 per cent in February 2026.

Investors’ backgrounds

Grainge has served as chairman and chief executive of Universal Music Group since 2010, while Melwani is a senior managing director at Blackstone Inc. and chairs its international private equity business.

Last month, Brentford reported record revenue of £173.1 million for the 2024/25 financial year, alongside a pre-tax loss of £20 million. They are currently seventh in the Premier League and in contention for European qualification next season.
 

Marseille owner could consider €1 billion sale scenario as Longoria replaced by interim president

Olympique de Marseille owner Frank McCourt would be prepared to consider selling the club if a bid above €1 billion was submitted, according to La Provence. The American bought Marseille for €45 million in 2016 and has consistently maintained that the club are not on the market, but the report suggests an exceptional offer could prompt a reassessment.

McCourt has previously rejected suggestions of a sale, stating in May 2024: “The question of selling OM has become absurd. I have been answering it for eight years. The club is not for sale. I love OM.” La Provence reports that previous approaches fell short.

The claim comes shortly after UEFA’s latest European Club Finance and Investment Landscape report, which revealed a €105 million pre-tax loss for the financial year of 2024/25 for Marseille.

Leadership change

Meanwhile, Marseille confirmed on Saturday that Alban Juster has been appointed chairman of the board on an interim basis, effectively replacing Pablo Longoria who had served as president since February 2021.

The club said Juster, who has been at Marseille for eight years and most recently served as director of finance and compliance, will oversee the board during a transitional period while a new president is identified.
 

Sheffield Wednesday borrowed £3.8 million from Portuguese agent during Chansiri tenure

Sheffield Wednesday borrowed £3.8 million from a Portuguese football agent during Dejphon Chansiri’s time in charge, according to a 61-page administrator’s proposal circulated to creditors and seen by The Star.

The document, prepared by Begbies Traynor following the club’s entry into administration, lists the sum as an unsecured loan. It sits alongside £7.5 million owed to New Avenue Projects and sets out the club’s financial position and the progress of the insolvency process.

The £3.8 million is owed to Luis Miguel Azevedo Povoa Alves, who is recorded by the English Football Association as having acted as lead intermediary in the transfers of Marco Matias in 2015 and Momo Diaby in 2023. The borrowing is understood to have taken place within the last 18 months, before the club were placed into administration.

Further clarification

Under EFL insolvency rules, unsecured creditors would receive 25p in the pound as part of a qualifying exit from administration. Payment at that level is required in order for the club to avoid the risk of a 15-point deduction next season.

The administrators state to The Star that several matters require further clarification and that it would be “prejudicial to comment further at this stage”, with a confidential report submitted to the Department for Business and Trade.