Business

Man City charged by Premier League for over 100 breaches of financial rules

The Premier League has referred Manchester City to an independent commission over more than 100 alleged breaches of finance rules since the club were acquired by the Abu Dhabi-based City Football Group.

League rules state that charges such as those faced by City could, if proved, result in a club being expelled from the Premier League in the worst-case scenario.

Offending clubs may alternately be deducted points, fined, or reprimanded.

Women's World Cup organizers shocked by FIFA's decision to let Saudi Arabia sponsor the tournament

MELBOURNE - Former New Zealand international Maia Jackman said Saudi sponsorship of the Women's World Cup would be in "complete opposition" to female empowerment and set back her work as an ambassador for the tournament.

Australia and New Zealand, co-hosts of this year's World Cup, wrote to global soccer governing body FIFA on Wednesday seeking urgent clarification after The Guardian reported Visit Saudi will be named as a major sponsor of the tournament.

Juventus shares down 10% after 15-point deduction for transfer dealings

MILAN - Shares in Juventus tumbled some 10% on Monday after Italian soccer authorities docked the club 15 points for its transfer dealings, in a blow to its reputation and short-term sporting prospects.

Juventus, who have won the Italian league more times than any other club, are now 9th in the Serie A standings and face an uphill struggle to qualify for lucrative European competition.

Juventus drew 3-3 with Atalanta on Sunday night in their home city of Turin in their first game since the punishment was announced late on Friday.

Premier League dominates latest list of the world's 20 richest clubs

Manchester City have topped the Deloitte Football Money League for the second year in a row as the world's highest revenue-generating club in the 2021-22 season in which fans returned to stadiums as COVID-19 restrictions were eased.

Abu Dhabi-owned City generated total revenue of $790.65 million, followed by Real Madrid ($771.42 million) and Liverpool ($758.45 million).

City's rivals Manchester United generated $744.41 million and Paris St Germain made $706.59 million.

Chelsea announce $110M Mykhailo Mudryk signing mid-game

Chelsea announced Mykhailo Mudryk as their fifth signing of the January transfer window on Sunday, after the Ukrainian winger completed his move from Shakhtar Donetsk to the Premier League club.

In a statement, Shakhtar said they "will receive $76 million for the player and another $33 million is envisaged as a bonus payment."

The 22-year-old has signed on an eight-and-a-half-year contract.

Patrick Mahomes joins ownership group of NWSL's KC Current

Chiefs quarterback Patrick Mahomes will become a part owner of a third sports franchise in Kansas City.

Mahomes is joining his wife, Brittany, as part of the ownership group of the Kansas City Current, the National Women's Soccer League team announced Tuesday. Brittany Mahomes already was part of the ownership group alongside Angie and Chris Long.

Apple reveals list of broadcasters for MLS Season Pass

The 2023 MLS season begins Feb. 25 with a massive change in the league's broadcast partnership. The 28th season marks the first without ESPN airing matches and the end of local broadcasts after MLS struck a national 10-year deal with Apple. 

Beginning Feb. 1, you can subscribe to MLS Season Pass on the Apple TV app for $14.99 per month or $99 per season. If you're already an Apple TV+ subscriber, the cost is reduced to either $12.99 per month or $79 per season.

The details of how close Sporting Kansas City came to signing Ronaldo are crazy

When Cristiano Ronaldo signed a two and a half year deal with Saudi Arabian club Al-Nassr on Friday, the Portuguese legend put pen to paper on a contract worth $75 million annually, meaning he'll almost certainly still be the world's highest paid footballer when he turns 40 on Feb. 5, 2025. 

Desperate fans facing 1,000% markups in Qatar for World Cup tickets

DOHA - Ashraf Ali arrived at Stadium 974 six hours ahead of the Argentina-Poland World Cup match and, in desperation, raised a hand-written sign: "We need tickets."

Someone offered one for $2,000, nine times face value.

That was too steep for Ali, 30, who traveled to Qatar from Egypt to fulfill a dream to see Argentina star Lionel Messi play. Thirty minutes before kickoff, he managed to nab a ticket for $500 and witnessed Argentina's 2-0 win.

NO BEER! Qatar changes decision on selling beer around World Cup stadiums 2 days before tournament

World Cup stadiums are prohibited from selling alcohol in Qatar, FIFA announced on Friday two days before the tournament begins.

The reversal permits World Cup sites to sell only non-alcoholic beverages, which represents a reversal of an agreement that approved international sponsor Budweiser to sell at all events.

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