Owning your own home is a great way to build wealth. Any smart money person will tell you this. Instead of paying someone else's mortgage while renting, home ownership allows individuals to build equity in their dwellings, turning a living situation into an investment. Home ownership is one of the easiest pathways to wealth and financial stability, but many people either can't afford a down payment for a mortgage or neglect home ownership altogether out of ignorance.
Philippe Coutinho is finally a Barcelona player after months of speculation, two dubious injuries during transfer windows and several rejected bids from Barcelona. No secret was made of the Brazilian international's desire to move from Liverpool to Barcelona, but few could have foreseen Coutinho's desire being so desirous that he reportedly paid out of his own pocket to help finance the deal, one of the most lucrative in history.
It’d been clear for a couple days now, but a formal press conference at the Country Music Hall of Fame confirmed Nashville as one of two expansion franchises that could begin play as early as 2020 in Major League Soccer. With Los Angeles FC set to join the league in 2018 as the 23rd club, Nashville is now MLS’s 24th side and the third team in the Southeastern United States (Atlanta and Orlando being the other two).
The most expensive buyout clauses prove there is good money in soccer. Think about how many millionaires (and now billionaires) from across the world invest in football clubs. Perhaps one of the most immediate parameters to understanding just how much dough is going around the soccer market is to consider the most expensive buyout clauses in world football.
It turns out spending millions of dollars on manager Andre Villas-Boas and immediate want-aways Carlos Tevez and Jackson Martinez amounts to little more than burning money for the Chinese Super League. According to a recent audit by accounting firm PwC and as reported by Goal, the CSL’s clubs are currently in a combined debt of over $600 million.
On December 6 in New York City, four Major League Soccer expansion hopefuls will stand in front of the league’s expansion committee and commissioner Don Garber and make their case to be one of two new sides slated to begin play in 2020. They’ll talk about things like business metrics (“F*ck that,” says Columbus), stadium plans and making bank.
Maybe you haven’t heard, but the U.S. will not be participating in the 2018 World Cup in Russia. But that hasn’t stopped Americans from purchasing more tickets for next summer’s tournament than any other country outside the host nation. And the U.S. isn’t the only country that won’t be competing in Russia to rank in the Top 10 in World Cup ticket sales.
Monday marked Contract Deadline Day in Major League Soccer, meaning that all clubs (apart from the four still participating in the MLS Cup playoffs) had to announce which player contract options they’d picked up and which players they’d effectively cut.
Botafogo took the pitch with an unusual shirt sponsor in what could be a first for professional football on Monday: a YouTube star’s brand on the team’s jersey. Botafogo wore their iconic black-and-white kits with the logo for “Neto’s” located just above the team crest and a logo for Brazilian YouTube star Felipe Neto on the right breast against Palmeiras on Monday.
FC Barcelona has confirmed that superstar Lionel Messi has signed a new contract with the club that will keep him there until the end of the 2020-2021 season. The new Messi contract includes an astronomical $835 million (700 million euro) buyout clause, which virtually ensures that the Argentine forward will remain at the club through the end of the contract.