Sports Business Correspondent
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May 21, 2014
May 21, 2014
May 20, 2014

European Commission to reject challenge to FFP – source

LONDON (Reuters) – The European Commission plans to reject a complaint filed against UEFA’s new rules punishing soccer clubs which run up big financial losses, a source close to the process said on Tuesday.

The challenge was lodged a year ago by Belgian player agent Daniel Striani, represented by lawyer Jean-Louis Dupont. Dupont was involved in the landmark Bosman case of 1995 that helped rewrite the rules under which players are hired.

May 20, 2014

Soccer-European Commission to reject challenge to FFP – source

LONDON, May 20 (Reuters) – The European Commission plans to reject a complaint filed against UEFA’s new rules punishing soccer clubs which run up big financial losses, a source close to the process said on Tuesday.

The challenge was lodged a year ago by Belgian player agent Daniel Striani, represented by lawyer Jean-Louis Dupont. Dupont was involved in the landmark Bosman case of 1995 that helped rewrite the rules under which players are hired.

May 20, 2014
May 16, 2014

Big spending PSG, Man City punished for excessive losses

LONDON (Reuters) – Manchester City and Paris St Germain, two of the newly rich clubs in European soccer, have been fined up to 60 million euros ($82.23 million) and had their squads capped for next season’s Champions League after breaching UEFA’s financial rules.

As part of their settlement with UEFA, Premier League champions City, owned by Abu Dhabi’s Sheikh Mansour, and Qatari-owned French champions PSG have also agreed to curbs on transfer spending over the next two seasons.

May 16, 2014

Soccer-Big spending PSG, Man City punished for excessive losses

LONDON, May 16 (Reuters) – Manchester City and Paris St Germain, two of the newly rich clubs in European soccer, have been fined up to 60 million euros ($82.23 million) and had their squads capped for next season’s Champions League after breaching UEFA’s financial rules.

As part of their settlement with UEFA, Premier League champions City, owned by Abu Dhabi’s Sheikh Mansour, and Qatari-owned French champions PSG have also agreed to curbs on transfer spending over the next two seasons.

May 16, 2014
May 16, 2014

Bwin seeks fresh faces for board after investor pressure

LONDON, May 16 (Reuters) – Bwin.Party said it plans
to hire three new directors to reshape its board after an
American activist investor demanded changes in how the online
gambling company is run.

The investor, Jason Ader, says Bwin.Party has been badly
managed since it was formed by a merger in 2010. His SpringOwl
vehicle had put forward four board nominees at the company’s
annual shareholder meeting next Thursday.

May 15, 2014

European absence to cost Manchester United $50 million

LONDON (Reuters) – Missing out on European soccer over the coming year will cost Manchester United more than 30 million pounds ($50 million), the club said on Thursday, while reassuring fans it still had the money to rejuvenate its squad after a poor showing last season.

There was no word from the club, owned by the American Glazer family, on the hotly discussed identity of a new manager after the departure of David Moyes last month following a failed first season in charge.

    • About Keith

      "Sports Business Correspondent, a new role at Reuters. I was previously UK Chief Correspondent and have also worked in Italy, Ireland and the Netherlands during more than 20 years with Reuters. I have also worked as an editor in a number of senior roles."
      Joined Reuters:
      September 1988
      Languages:
      English, French, Italian, German and Dutch
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