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Latest business and finance news from the UK and rest of the World - including breaking economic & political news, comment & analysis from City A.M.
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News
Liverpool in record £300m deal as Turkish Airlines replaces Standard Chartered
4+ day, 16+ hour ago (381+ words) Liverpool will replace Standard Chartered as their front-of-shirt partner next season after agreeing a record £300m deal with Turkish Airlines. The flagbearer, already a sponsor of the Uefa Champions League, will pay £60m per season as part of a five-year deal beginning…...
Football multi-club ownership firm seeks London Stock Exchange bond issue
4+ day, 20+ hour ago (425+ words) An ambitious London-based firm looking to create a football multi-club network and sell bonds on the London Stock Exchange has smashed its first fundraising goal. The Football Factory raised over £100,000 at an £8m pre-money valuation this week ahead of a Series…...
Why Liverpool deal proves demand for Premier League stakes is soaring
2+ week, 6+ day ago (188+ words) Office Managing Partner - Latham & Watkins There is strong demand for English football stakes, writes Ed Barnett of Latham & Watkins, which advised the Amit Bhatia-led consortium on its acquisition of a minority stake in Liverpool. The recent sale of a stake…...
Liverpool and Lakers deals set new bar for sport investment
3+ week, 1+ day ago (385+ words) senior partner - Arthur D. Little In one week Fenway Sports Group (FSG) sold 38 per cent of Liverpool to a consortium led by Amit Bhatia that also includes Jeff Bezos and Eduardo Saverin at a £5.5bn valuation, and former Disney chief Bob Iger…...
Is £5bn now the entry ticket into Premier League football?
3+ week, 2+ day ago (691+ words) It may have taken 34 years but the Premier League has at last clawed its way into the financial big time. The reported £5.5bn valuation placed on Liverpool FC by a consortium of new investors that includes Amazon’s founder Jeff Bezos – aka…...
Todd Boehly and Mark Walter to sell stakes in Chelsea?
3+ week, 5+ day ago (320+ words) Todd Boehly and Mark Walters could cease being co-owners of Premier League club Chelsea after engaging in talks to sell their respective stakes to Clearlake Capital. The move could value the club at £5.5bn just years after a Boehly-fronted consortium purchased…...
Former Crystal Palace owner John Textor scores temporary block of Brazilian football club share sale
1+ mon, 13+ hour ago (352+ words) Former Crystal Palace owner John Textor has been granted a temporary injunction from the High Court to block City-based administrators from selling his 90 per cent stake in Brazilian football club SAF Botafogo. The order follows the American business mogul launching…...
Jeff Bezos closes in on Liverpool FC stake as FSG deal nears
1+ mon, 2+ day ago (352+ words) Amazon tycoon Jeff Bezos is set to buy shares in Liverpool FC as Fenway Sports Group plans a significant minority sale. A consortium featuring Bezos, as well as Facebook co-founder Eduardo Saverin, is led by the son-in-law of steel billionaire…...
Liverpool FC eye US retail empire to steal march on Premier League rivals
1+ mon, 1+ week ago (337+ words) Liverpool FC are in talks to become the first Premier League football team to open a chain physical retail stores in the United States. The 20-time English champions already have 26 bricks-and-mortar stores across the world, including in London, Hong Kong,…...
QPR owner Bhatia Liverpool investment could value club at $6bn
1+ mon, 3+ week ago (314+ words) Liverpool could be valued at more than $6bn amid talks between owners Fenway Sports Group and investors over a minority stake sale. A consortium of investors led by the British-Indian co-owner of Queens Park Rangers Amit Bhatia is reportedly in talks…...