Here’s what’s going on in the soccer industry this morning…
- U.S. private equity fund Elliott is helping a struggling Chinese consortium buy Italian storied soccer club AC Milan with a 253 million euro investment, lawyers representing Elliott said on Monday.
- It is that time of year again….the happy financial prospect of promotion for a few or the nightmarish vision of relegation for other clubs. So how does league status affect a club’s rating assessment and does relegation lead to an automatic reduction in business rates?
- Netherlands have sacked coach Danny Blind in the wake of their World Cup qualifying loss to Bulgaria.
- Manchester United are ready to meet the buyout clause Barcelona inserted in Neymar’s contract, according to Catalan outlet Sport.
- As of the 2017 MLS season, the New York Red Bulls are the first professional sports team in North America to use Cisco Meraki, a new Wi-Fi solution from the San Francisco-based IT and technology company that included 150 access point throughout Red Bull Arena, parking lots and admission gates.
- Premier League soccer side Arsenal have agreed an expanded deal with BNN Technology, their official lottery partner in China.
- São Paulo-based Brazilian soccer side Corinthians have signed up lighting and electrical goods company Foxlux as a new commercial partner.
- Bradford City’s German owner Edin Rahic and manager Stuart McCall speak to Football Focus about their ambitions for the season and the club’s reputation for affordable season tickets.