10 Things You Need To Know About The Soccer Industry This Morning

Here is what’s happening in the world of soccer business today…

  • Liverpool have signed their first regional sponsorship deal in India, a 3-year partnership with smart mobile devices company Xolo.
  • According to FIFA president Sepp Blatter, Brazil has begun its World Cup work too late. He said in an interview, “Brazil has just found out what it means and has started work much too late.”
  • Chelsea have posted a £49.4 million ($81.7 million) loss for the 2012-13 season, although revenues actually increased. Gains were hindered by money held back from an early Champions League exit in the group stage.
  • Despite a run of poor form, West Ham co-chairmen David Sullivan and David Gold have publicly backed their current manager, Sam Allardyce, in a letter on the club’s official website showing their support.
  • After being knocked out of the FA Cup this weekend by Swansea City, Manchester United boss David Moyes admitted that there is an “urgent need” for new players at the club.
  • Premier League side West Bromwich Albion intend to have a new manager in place before they square off against Southampton in league action this weekend, though no names have officially been confirmed.
  • Insurance group QBE has signed a 5-year deal with operator North Harbor Stadium Trust to rename the 25,000 seat rugby/soccer Auckland stadium to be called “QBE Stadium”.
  • Bundesliga side Wolfsburg have signed a deal with South Korean tire manufacturer, Nexen Tire for the remainder of the 2013-14 season.
  • Chilean soccer giants Colo Colo have sealed a 5-year sponsorship agreement with Under Armour to supply the team’s kits and training gear.
  • Deloitte has predicted that revenues from global broadcasting rights will increase by 14% over 2013’s numbers, and will reach £16 billion ($24.2 billion).
Reporting on the business side of the world's game.