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AC Milan: losses reduced to €6.9m in 2012 due to lower wages

AC Milan has announced a net loss of €6.9m for the 2012 calendar year at the club's general meeting on the 22/04/2013. The club's losses are almost ten times lower than in 2011 (€67m, which was 4.5% less than in 2010, €70m). AC Milan vice-president Adriano Galliani says the dramatic decline by…
Domain(s): Clubs
• Category(ies): Finance, Legal, Social Responsibility
• Article # 5867
• Published on 23/04/13 at 18:50
©  D.R.
Manchester United: €500 million in revenue in 2013-14?

Premier League champions, Manchester United, should close at €500 million in the 2013-14 season, according to NTF estimates, thanks to the increased broadcasting rights the Premier League and the arrival of new sponsors.
Domain(s): Clubs
• Category(ies): Merchandising - Licensing, Sponsors - Partners, Finance
• Article # 5391
• Published on 23/04/13 at 18:21
Tax evasion: Uli Hoeness (Bayern) confesses to a hidden Swiss bank account

Uli Hoeness, President of the Supervisory Committee of FC Bayern Munich in Germany is the subject of an investigation for tax fraud after confessing that he has a hidden account in Switzerland, where he has concealed more than €10 million, according to the German newspaper Bild from 21/04/2013…
Domain(s): Clubs
• Category(ies): Legal, Social Responsibility
• Article # 5289
• Published on 22/04/13 at 18:57
©  Creative Commons
FC Barcelona: President Sandro Rosell candidate for his own successor

Sandro Rosell will be a candidate to succeed himself in the next election for presidency in 2016, said the current Barcelona FC president on 18/04/2013. He was elected in 2010 by members of the club (the "socios") for a term of six years and a maximum of two terms. His main objective is to reduce…
Domain(s): Clubs
• Category(ies): Finance
• Article # 5355
• Published on 19/04/13 at 12:54
Prince Albert II defends AS Monaco's tax exemption

Prince Albert II of Monaco has announced his backing of AS Monaco against the decision of the French Professional Football League (LFP) to force clubs in Ligue 1 and Ligue 2 to establish their headquarters in metropolitan France before 01/06/2014 . This measure aims to bring AS Monaco FC into the…
Domain(s): Clubs
• Category(ies): Finance
• Article # 4783
• Published on 15/04/13 at 19:00
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Milan: €16 million to be spent on renovations to the San Siro

The San Siro (Stadio Giuseppe Meazza) in Milan is set to receive a €16 million facelift, with a view to hosting the 2016 Champions League final. The work, commissioned by MI Stadio, who also manage the stadium, mostly concerns renovating hospitality areas and doubling the number of toilets to two…
Domain(s): Clubs
• Category(ies): Sporting Goods & Brands, Stadiums
• Article # 4788
• Published on 15/04/13 at 16:54
Liverpool: free WiFi at Anfield

Liverpool FC have installed a WiFi system in the Centenary stand (capacity: 12,000), which faces Anfield's main stand. The club wants to offer a new service to fans by allowing them to access social networks during matches. This network will also unable the club to gain insight and feedback from…
Domain(s): Clubs
• Category(ies): Sporting Goods & Brands, Stadiums, Digital
• Article # 7539
• Published on 12/04/13 at 17:50
Champions League: PSG President thanks supporters and commercial partners

"We have a profound feeling of gratitude towards those who love Paris Saint-Germain" said Nasser Al-Khelaïfi, club president, in a message on the PSG website on 12/04/2013. Al-Khelaïfi wanted to thank to supporters, commercial partners and "the family of French football", after being knocked out…
Domain(s): Clubs
• Category(ies): Marketing - Communication
• Article # 5474
• Published on 12/04/13 at 15:19
Bayern Munich focuses on core investments

'We hope that our business achievements are the consequence of our DNA and our business model. We will never make foolish investments', says Bayern Munich's President Uli Hoeness in an interview with "L'Equipe" on 08/04/2013. 'Maybe we are going against the grain. But I believe we are sending a…
Domain(s): Clubs
• Category(ies): Finance
• Article # 4785
• Published on 12/04/13 at 13:38
PSG league win bonus €400,000 per player

PSG's most used players this season in Ligue 1 will receive a bonus of €400,000 each if the club win the French league. No match win bonuses will be awarded to players. The agreement was negotiated between club representatives at the beginning of April - captain Tiago Silva, Zlatan Ibrahimovic and…
Domain(s): Clubs
• Category(ies): Finance, Legal, Social Responsibility
• Article # 5457
• Published on 08/04/13 at 00:00