Owners

Newcastle’s Saudi Arabia-Backed Takeover Collapses After Consortium Withdraws Bid

The proposed takeover of Premier League club Newcastle United by a Saudi Arabian-backed consortium has collapsed after the group announced they were ending their interest in the deal.

The group, which included Saudi Arabia's sovereign wealth fund PIF, PCP Capital Partners and Reuben Brothers, was reported to have made a $391 million bid to buy United from British businessman Mike Ashley.

Arsenal Shows Lack Of Leadership On Several Fronts

The Arsenal vs. Aston Villa match on Tuesday was trending — and for several reasons. Arsenal beat Liverpool and Man City in the last week but fell to Aston Villa 1-0. This win for Villa pulled them out of the bottom three.

MLS Delays 3 Expansion Clubs, Leaves McConaughey’s Austin FC Alone

Major League Soccer has unveiled a revised expansion timeline with the inaugural seasons for three of its four new teams delayed by a year due to the novel coronavirus pandemic.

The new timeline is the result of the impact of the pandemic on the start of business operations and stadium development, the league said.

Manchester City’s Two-Year Ban From European Competition Overturned

Manchester City's two-year suspension from European football was overturned by the Court of Arbitration for Sport (CAS) on Monday, allowing the club to compete in next season's elite Champions League competition.

CAS ruled that City did not breach Financial Fair Play (FFP) rules by disguising equity funding as sponsorship. Sport's highest court also reduced a fine for failing to cooperate with UEFA to $11.3 million from $34 million. 

5 Horrible Logo Changes That Left People Scratching Their Heads

Clubs are constantly trying to find ways to reach and expand their audiences. The boldest way that teams attempt this feat is through changing the identity of the club with a new logo. Ligue 1 side Bordeaux is the latest to make tweaks to the badge on the front of the jersey and released a short video on Twitter showing the transformation.

Dwight Gayle’s Impossible Miss Is The Perfect Bookend To Mike Ashley’s Newcastle Ownership

Newcastle United’s FA Cup quarterfinal plan of defending resolutely and hoping for one clear chance against Manchester City actually played out perfectly for Steve Bruce’s side at St James’ Park on Sunday, but the compact rearguard action was undone by a boneheaded play from Fabian Schär and the incredible goalscoring opportunity was wasted by Dwight Gayle.

How Liverpool’s Title Was ‘Made In America’

German manager Jürgen Klopp and his multinational squad of players have been given most of the credit for Liverpool's Premier League triumph but behind the 19th top flight title has been the astute ownership of a group of American executives.

It did not take great imagination to work out why the owners of the Boston Red Sox saw potential in Liverpool when they purchased the team 10 years ago.

Kevin Durant Buys Stake In Philadelphia Union; Where Does He Rank Among Coolest MLS Celebrity Owners

It was reported at the start of June that NBA superstar Kevin Durant had bought a minority stake in the Philadelphia Union. On Monday the club confirmed Durant and his company, Thirty Five Ventures, bought a 5-percent stake of the club.

Manchester City’s Two-Year Champions League Ban Appeal Begins In Switzerland

Manchester City will attempt to overturn their two-year UEFA ban from European football when a three-day hearing at the Court of Arbitration for Sport in Switzerland begins on Monday.

European soccer's governing body UEFA ruled in February that City had committed serious breaches of Financial Fair Play (FFP) regulations and failed to cooperate with its investigation, handing them a ban and a $34 million fine.

NBA Star Kevin Durant Reportedly Buys Minority Stake In Philadelphia Union

Brooklyn Nets superstar Kevin Durant has bought a minority stake in Major League Soccer's Philadelphia Union, Sports Business Daily reported Thursday night.

Durant's piece of the team is between 1 percent and 5 percent, according to the SBD report.

It's unclear if Durant's stake also includes the Union's USL team and whether it's a personal investment for the former NBA MVP or if it's through his company, Thirty Five Ventures, according to the report.

Durant reportedly tried to buy a stake in D.C. United on two different occasions.

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