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Also in this newsletter: Saudi Arabia bags the 2034 World Cup without a fight
Premier League club joins forces with US alternative asset manager as it looks for ways to boost revenue
Chair Todd Boehly says morale is high despite team suffering its worst season in almost three decades
Premier League club looking to upgrade stadium and emulate Manchester City model by adding to network of teams
Plus, Italy strips China’s Sinochem of its powers at Pirelli and Manchester United’s billionaire owners must make a decision
Aid remains in UK bank until agreement is reached on whether funds can be spent outside war-torn country
Protracted process is in sharp contrast to rapid deal for rival Premier League club Chelsea last year
English top-tier clubs spent almost €830mn in January window
Prospective buyers could seek to enlist former Old Trafford star to boost chances of taking over club
US owners confirm looking for outside investors or potential disposal after 17 contentious years
Todd Boehly wants to add teams in Europe to group and raises idea of Premier League ‘all-stars’ fixtures
Plus, Chelsea owners change tack after a rocky summer, Porsche and Red Bull scrap F1 talks, and more
Dismissal follows rocky start to season and shock defeat in Champions League match
The new owners have spent freely during the summer transfer window, hoping success on the pitch will unlock greater revenues from media rights and commercial deals
Plus, the gambling guru fixing a billionaire’s $5bn sports bet, the investor behind Barcelona’s summer transfers, and more.
Financing eclipses $650mn raised by Manchester City parent company last year
Former Manchester City executive will lead the club’s commercial operations
US lawyer will remain as special adviser to club’s new owners following last month’s £2.5bn sale
Plus, what Friendster and MySpace can teach us about the crypto market rout, inside the business of F1, and more.
Groups attracted by rising revenue streams and a perception that football is undervalued
Licence issued to consortium led by US financier as ministers satisfied Roman Abramovich would not benefit from funds
UK ministers close to signing off on deal that ensures no benefit to oligarch but green light still needed from Brussels and Lisbon
Concerns in government centre on whether oligarch could lay claim to £1.5bn loan in future
Prospects of a speedy deal in doubt as ministers say oligarch becoming ‘more punchy’
Critics concerned over potential influence of Roman Abramovich’s team in process
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