Wembley Stadium is set to stay in the FA’s hands.
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The FA announced in a press release Wednesday that Fulham owner Shahid Khan had withdrawn his offer of $790 million to purchase Wembley Stadium. Khan first became interested in buying the stadium in February 2017, when he and FA CEO Martin Glenn met at the Superbowl. What followed was an informal offer to the FA Board of Directors before a formal offer was made.
The offer has been valued at anywhere from nearly $800 million to nearly $1.2 billion. In a statement, Khan said that his goal to purchase the stadium was to provide the FA with a large amount of capital which it could use to improve grassroots soccer around the country.
“The intent of my efforts was, and is, to do right by everyone in a manner that strengthens the English game and brings people together, not divides them,” Khan said. “Unfortunately, given where we are today, I’ve concluded that the outcome of a vote next week would be far from sufficient in expressing the broad support favored by the FA chairman to sell Wembley Stadium.”
The FA council was set to vote on the sale next week.
Although it cost the FA and British government more than $1.4 billion (adjusted for inflation) to renovate and rebuild Wembley Stadium, the arena hosted 33 events between July 2016 and June 2017 and in its latest published financial records, the FA recorded an after-tax profit of $21 million. So it seems that along with the sponsorships and broadcast deals, Wembley Stadium is a money maker, which makes it important for the FA to hold on to.
That being said, it’s hard to turn down a deal worth close to $1 billion, even if that’s a lump sum and they won’t receive further investments from stadium revenues in the future. In the future, maybe Khan or another owner may make another offer, one that the FA council could accept.
Zlatan Ibrahimovic could be a one-season wonder in Major League Soccer.
After a spectacular 22-goal, 10-assist campaign for the LA Galaxy, Gazzetta Dello Sport reports that Ibrahimovic is waiting for the phone to ring from AC Milan sporting director Leonardo, with a potential six-month deal in Milan on the table. Ibrahimovic and Leonardo have history – Leonardo was at Paris Saint-Germain when Ibrahimovic joined…from AC Milan, where Ibrahimovic played for two seasons, from 2010 through 2012.
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The 37-year-old striker is now 18 months removed from tearing the ACL in his right knee and showed few injury worries during his time with the Galaxy, where he started in 24 or 27 matches after joining in May. The report in Italy claims that Zlatan could earn upwards of $2.3 million for his six-month stint at Milan, which is more than he earned in base salary in one season in the U.S.
If this is the end of Zlatan’s time in MLS, he leaves having proven that he took the league seriously but also how embarrassingly bad the LA Galaxy’s defense was in 2018. There’s just no way that a team with 22 goals from Ibrahimovic should miss the playoffs.
The big Swede joins the likes of Didier Drogba and Wayne Rooney as recent European imports who had an instant impact in MLS. However, Ibrahimovic won’t be remembered alongside players such as David Beckham, Robbie Keane, Thierry Henry and David Villa, all of whom had huge long-term impacts in MLS and for their clubs.
Current UEFA general secretary Aleksander Ceferin is making a robust statement about his intentions to hold teams accountable under Financial Fair Play.
In the wake of reports from Football Leaks, published through Der Spiegel, alleging that both Manchester City and Paris Saint-Germain had overvalued sponsorships to get around FFP rules, Ceferin told the BBC that the same type of corporate actions may not continue under his watch.
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“I don’t want to speak about Man City or PSG but for any club the rules have to be strong and clear,” Ceferin said. “We will act by the book, by the regulations. We know that we have to modernize. We know we have to check the rules and regulations all the time. We know that the situation in the football market is changing all the time. So that’s also part of our thinking for the future – do we have to do something about the regulations to be more robust? Yes.”
The new Football Leaks allegations aren’t exactly breaking news. UEFA ruled in 2014 that Man City had broken FFP rules, eventually settling with the club for around $63 million in today’s dollars, the same price Man City soon paid Liverpool for Raheem Sterling. The settlement helped Man City avoid being barred from the UEFA Champions League as well as help avoid UEFA losing key sponsorships and advertising revenue with one of the big clubs out of the spotlight.
FFP is a double-edged sword for UEFA. It was instituted by former UEFA president Michel Platini as a way to curb overspending and keep clubs from spending so much they became insolvent – look at Rangers or Valencia, for example. However, the way the rules were implemented, it almost forced the status quo to remain the same, just as billionaires from the Middle East and Asia were prepared to pump billions into their clubs, without having to worry about debts.
In order for PSG and Man City to become giants, the clubs needed to invest massively, and while both teams may have broken FFP rules, if they’re operating within their means, it should be allowed. Ceferin’s statement is bold, but it’s one that he’ll have to back up with action if a big club breaks FFP rules again. Is UEFA willing to jeopardize advertising revenue to keep the likes of Man City, or Barcelona or PSG out? We’ll see.
LISBON, Portugal (AP) A Portuguese official says Spain has made no approach about the possibility of presenting a three-way bid to host the 2030 World Cup with Morocco.
Education Minister Tiago Brandao Rodrigues, who oversees sports, says he has “no formal knowledge of any official announcement about a three-way bid.”
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He also says he believes FIFA does not allow joint bids from separate confederations – in this case, UEFA and the Confederation of African Football.
Spanish Prime Minister Pedro Sanchez supposedly conveyed the bid offer to Moroccan counterpart Saad Eddine El Othmani during a brief visit to the north African country.
Bids to host the 2030 World Cup are being considered by countries in South America and England.
PARIS (AP) The Paris prosecutors’ office has opened an investigation into alleged discrimination by Paris Saint-Germain following a complaint by France’s League of Human Rights, which claims that club scouts illegally profiled potential recruits by their origin.
The investigation includes the supposed collection of personal information in a fraudulent, disloyal or illegal way and conserving personal information which “directly or indirectly” reveals racial or ethnic origins.
The action came three days after PSG said an internal investigation had found “no proven case of discrimination.”
PSG has acknowledged that forms with “illegal content were used between 2013 and 2018.” However, it declined responsibility for implementing the policy.