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Face-to-face talks with Everton bidders

The Premier League will hold face-to-face talks with 777 Partners as part of the final decision-making process in Everton’s proposed takeover. An agreement to meet has been struck between the league and the Miami-based group, who have been waiting for approval since last September to purchase Farhad Moshiri’s 94 per cent stake in Everton. The discussions come a fortnight after the league, as part of its owners’ and directors’ test, asked 777 to submit further information about the company’s source of funding and its ability to fund the club over a three-year period. Much of the focus in recent days has fallen on Everton’s Profitability and Sustainability issues, with the club having a ten-point penalty reduced to six after an appeal. A second charge relating to a breach of Premier League spending rules remains outstanding, with a hearing set to take place in the coming weeks. However, clarity on the ownership of Everton is also crucial, with 777 having so far loaned the club ab
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A right Royal mess

Reading have been deducted another two points and their owner Mr Dai faces a six figure fine:  https://www.efl.com/news/2024/february/27/efl-statement-reading-fc-and-mr-dai-yongge/ Nevertheless, there are limits to what the EFL can do on behalf of fans which is why a regulator with powers to deal with rogue owners is needed.

American globalisers still want to 'restructure' European football

Don’t imagine that American globalisers and fans of some form of super league have gone away or given up the chance of remoulding European football, even if fans in the Bundesliga have fought back successfully. European football needs more matches with drama and competitive tension to keep fans interested and attract new audiences to the sport, according to the chief of the US investment group that has backed top Spanish clubs Real Madrid and FC Barcelona. Alan Waxman, a former Goldman Sachs partner and co-founder of Sixth Street, which manages more than $75bn in assets, said the sport needed to innovate in order to appeal to a wider audience. “There are more and more forms of entertainment that people, especially younger demographics, can consume,” he told the Financial Times .   “If you don’t create more drama . . . you can start to lose the core and once that starts, it’s hard to get people back in. That’s why the best businesses innovate before that happens,” he assured the Pin

Everton points deduction reduced

Everton's point deduction has been reduced from ten to six points, but the second charge of breaching financial regulations remains in place:  https://www.theguardian.com/football/2024/feb/26/everton-boosted-after-premier-league-deduction-reduced-from-10-to-six-points Fans remain unhappy with the process and the outcome, although they move up to 15th in the Premier League:  https://www.bbc.co.uk/sport/football/teams/everton

Ambitious plans at Salford City

The class of '92 club, Salford City, are looking for new investment to fund their ambition to become a Championship club:  https://www.bbc.co.uk/sport/football/68401320   As Macbeth says in the Scottish Play: ' I have no spur to prick the sides of my intent, but only vaulting ambition, which o'erleaps itself and falls on th' other..' It seems to me that this project has never quite taken off in the way that was hoped while Manchester United is now getting a reboot after years of disillusionment for fans.

QPR's sorry financial tale reflects the Championship

QPR moved out of the relegation places at the weekend, but there was real sadness at the passing of their legendary player Stan Bowles.   Sincere condolences to everyone who knew him, he was a true bright light in football. QPR’s pre-tax loss reduced from £24.7m to £20.3m, as revenue rose £1.2m (5%) from £22.1m to £23.3m and profit from player sales increased from £0.2m to £1.0m. The main reason for the revenue growth was commercial, which increased £1.4m (19%) from £7.3m to £8.7m, while gate receipts were slightly up, rising £0.1m (2%) to £5.7m. However, broadcasting fell £0.3m (4%) to £8.8m. QPR’s £20.3m loss is still one of the worst of the nine clubs that have published 2022/23 accounts to date, only surpassed by Norwich City £27.2m and Bristol City £22.2m. That said, very few clubs manage to make money in this very challenging division with only Watford in the black so far last season. Although QPR increased their profit from player sales from £0.2m to £1.0m, this was still

Could Chelsea's strategy deliver in the medium term?

A last minute Liverpool goal saw Chelsea go down 1-0 in the League Cup final to boost Jurgen Klopp’s farewell tour.  Cheap shots have been aimed at the club overnight such as ‘billion dollar bottlers’.   But could they have a strategy that will deliver in the medium term? Chelsea’s modelling based on underlying performance factors suggests they should be fifth in the Premier League, rather than tenth, a thesis backed up by similar projections at rival clubs and viewed internally as being good progress, given Chelsea finished 12th last season and have the top flight’s second-youngest squad.    Of course, in the meantime, it is the table that matters. Perceptions of the Americans have been negative since their £4.25 billion takeover of Chelsea in May 2022. First impressions are at the root. Boehly installed himself as interim sporting director and oversaw two hyperactive transfer windows, where a net £470 million was lavished on players as diverse as the veteran striker Pierre-Emeric