Tag Archives: financial

Michael Laudrup signs one-year contract extension at Swansea

Danish delight for Swansea as Laudrup signs one-year contract extension

By
Riath Al-samarrai

PUBLISHED:

17:12 GMT, 8 March 2013

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UPDATED:

19:20 GMT, 8 March 2013

t the club.

Michael Laudrup has moved to end speculation about his future by signing a one-year contract extension at Swansea City.

The Dane had been linked with Real Madrid and Chelsea in the wake of Swansea’s remarkable Capital One Cup final triumph against Bradford last month.

But the 48-year-old declared his desire to lead Swansea into Europe after agreeing a deal that will run until June 2015.

All smiles: Michael Laudrup agreed a one-year extension to his current deal at Swansea

All smiles: Michael Laudrup agreed a one-year extension to his current deal at Swansea

He said: ‘We’ve started something this season that I want to continue.

‘I know there has been a lot of
speculation (about my future), but I’ve always said that I am happy here
and I never had any doubts I would stay.

‘I am delighted to sign the new deal
and I’m already really looking forward to next season. I hope there will
be some very exciting things happening with the team and with the club
in Europe.’

The development will go some way to
protecting Swansea financially. Sportsmail understands that Laudrup, 48,
has committed to a hefty clause in the region of 5million, much like
the one Brendan Rodgers agreed to when he signed his extension at the
Liberty Stadium four months before joining Liverpool.

Last night Swansea chairman Huw Jenkins admitted he still fears bigger clubs will come in for his manager.

He told Sportsmail: ‘It’s a fact of
life in football that if you do well people will want your manager or
players and there is no such thing as a cast iron agreement anymore.

‘But this deal shows Michael’s desire
to stay here and it also gives us the extra financial security if
another club does come in.’

Historic: Laudrup guided Swansea to Capital One Cup success this season

Historic: Laudrup guided Swansea to Capital One Cup success this season

Historic: Laudrup guided Swansea to Capital One Cup success this season

Jenkins added: ‘The success we have
had with Michael has been brilliant. I thoroughly enjoy working with him
and long may that continue.

‘This is obviously great news for
everyone connected with the club, from the fans, to the players and the
staff. We are delighted that he has agreed this extension.’

Talks only started last week between
the two parties after Laudrup was initially reluctant to commit his
future to the club beyond stating his desire to lead the club in Europe.

Jenkins said: ‘I think the fact we got it done relatively quickly shows you what Michael thinks about the club.

‘He is enjoying himself and he finds the challenge exciting, which for him is very important.’

Steve Bruce hits out at DJ Campbell after striker walked out of move to Hull

DJ told me he was going for a spot of lunch… then ran off for talks with Blackburn, fumes Bruce

By
Lee Bryan

PUBLISHED:

11:54 GMT, 2 February 2013

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UPDATED:

11:54 GMT, 2 February 2013

Hull boss Steve Bruce was furious with QPR striker DJ Campbell after he allegedly told the club he was ‘nipping out for lunch’ but then walked out on a potential move to the KC Stadium to hold talks with Blackburn.

The whole affair left a sour taste in Bruce’s mouth and he blasted the striker of a lack of professionalism.

Hull believed they had agreed a deal but then found out that Blackburn had made a 4.5million offer for Campbell for a three-and-a-half year deal behind their back.

On the move: DJ Campbell looked like he was going to sign for Hull but left to go and talk to Blackburn

On the move: DJ Campbell looked like he was going to sign for Hull but left to go and talk to Blackburn

Not impressed: Steve Bruce was disappointed with Campbell's conduct

Not impressed: Steve Bruce was disappointed with Campbell's conduct

Bruce raged to the Daily Mirror: ‘The total lack of respect by DJ and his agent left a bad taste. I have no problem with him going but the way they handled it is shocking.

‘They said they were going for a bit of lunch, but went along the M62 and left us trying to find out where they were for a couple of hours. If they had rung and said what happened we could have all got on with our lives.

‘I have been in the game for a long time and never been as disappointed as I am with their behaviour.

‘It’s just greed. Be a man, just inform us of your intentions.’
Campbell’s move to Blackburn was put on hold as the parties disputed financial details.

But he is finally expected to join them on loan next week.

Sportsmail’s Charles Sale revealed the story this morning and claims the Hull boss was especially upset as Campbell’s agent – Otis Roberts – used to represent him when he became Sunderland manager.

It is understood Campbell was offered 16,000 a week by Hull and 25,000 a week by Blackburn, which might explain his rapid change of mind.

Manchester City have first refusal on Nathan Redmond

Redmond to remain with Birmingham but champions City wait in wings

By
Neil Moxley

PUBLISHED:

11:43 GMT, 24 January 2013

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UPDATED:

12:02 GMT, 24 January 2013

Birmingham's Nathan Redmond is set to stay at the Championship club until the end of the season despite their financial troubles.

Manchester City have first refusal on the highly-rated 18-year-old winger but are in no rush to make an offer.

The Premier League champions agreed the deal when Joe Hart was loaned to St Andrew's for the 2009-10 season.

Staying put: Nathan Redmond (left) will not leave Birmingham this month

Staying put: Nathan Redmond (left) will not leave Birmingham this month

Redmond has impressed for the Midlands club in recent seasons having been on their books since he was spotted as an eight-year-old.

He has represented England at Under 16, 17, 18 and 19 level and has made 27 appearances for his club this season.

Redmond has less than 18 months left on his contract and West Ham Liverpool and Tottenham are all interested but must wait until City show their hand.

Off: Jack Butland (right) looks set to leave Birmingham for the Premier League

Off: Jack Butland (right) looks set to leave Birmingham for the Premier League

Cash-strapped Birmingham, who are struggling to pay their bills, are however expected to offload England goalkeeper Jack Butland in January.

The owners have made it a condition of the sale
that around half of the 6million fee they are demanding is made as a
down-payment.

Birmingham's
coffers are due to be swelled by around 500,000 when Chris Burke makes a
switch to Nottingham Forest in the next few days but it is Butland's
sale that will enable Lee Clark's club to pay their way until the
summer, surviving the threat of administration.

Arsene Wenger is preparing a bid for Edinson Cavani

Wenger admits Arsenal could drop Cavani move after being quoted staggering 91m

By
Sami Mokbel

PUBLISHED:

12:39 GMT, 17 January 2013

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UPDATED:

08:10 GMT, 18 January 2013

Arsene Wenger has admitted his admiration for Edinson Cavani – but the Arsenal manager would be forced to shatter the club’s financial structure to sign the striker.

The total cost of landing the Napoli hitman could amount to a staggering 91million.

Speaking at the club’s London Colney HQ, Wenger admitted: ‘He is a player I like. He would cost a lot of money that’s for sure.

Main man: Napoli's Edinson Cavani is wanted by a host of top clubs

Main man: Napoli's Edinson Cavani is wanted by a host of top clubs

‘We can spend the money but I do not want to speak about Cavani because we have not made an enquiry for him.’

The Frenchman was asked the question amid fresh speculation linking the Gunners with the Uruguay international.

Wenger is fan of the forward but knows he’d have to stretch the club’s financial boundaries to land Cavani.

In addition to the 25-year-old has a 52million release clause, he would demand a five-year deal worth a minimum of 150,000-per-week.

Show me the money: Arsene Wenger is ready to spend big again at Arsenal

Show me the money: Arsene Wenger is ready to spend big again at Arsenal

Lukas Podolski is Arsenal’s current top earner on 90,000-per-week, while the capture of Andrey Arshavin from Zenit St Petersburg for 15million remains their record signing.

Mega-rich Chelsea pulled their interest in Cavani over the summer due to the mammoth cost of bringing him to Stamford Bridge.

And whether Arsenal are prepared to smash their financial records to bring Cavani to London remains to be seen.

Red hot: Cavani has 23 goals in 22 games in all competitions this season

Red hot: Cavani has 23 goals in 22 games in all competitions this season

Juventus hope to sign Didier Drogba from Shanghai Shenhua

Drogba to Juventus Club director reveals plans to beat AC Milan to striker's signature

By
Press Association Reporter

PUBLISHED:

18:32 GMT, 7 January 2013

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UPDATED:

18:39 GMT, 7 January 2013

Juventus director general Beppe Marotta has confirmed the Serie A club have enquired about the availability of Shanghai Shenhua striker Didier Drogba.

The Bianconeri have already made an approach to sign Athletic Bilbao striker Fernando Llorente on a Bosman free transfer in the summer, but with Arsenal loanee Nicklas Bendtner sidelined through injury, the Italian champions are eager to bolster their immediate options.

Quoted on calciomercato.com, Marotta told television programme Domenica Sportiva: 'Drogba We are always making enquiries and we have made one for him.

In demand: Juventus hope to recruit Drogba this month

In demand: Juventus hope to recruit Drogba this month

'We have asked about his availability and after that we will look at the financial aspects and talk to the coach.'

Juve boss Conte had previously ruled out any approach for the former Chelsea striker, but player recruitment is overseen by Marotta.

A person claiming to be Drogba's agent, Carlos Arino Bajo, had claimed Drogba had an option to end his two-and-a-half year contract in China, a claim later rejected by the London-based Sports PR Company.

Bajo had told tuttomercato.com: 'Didier
has a termination agreement with the Chinese club and I think he has a
lot of possibilities to move to Italy in January.

Instrumental: Drogba was the key player in Chelsea's Champions League triumph

Instrumental: Drogba was the key player in Chelsea's Champions League triumph

'There is real interest from Juventus and AC Milan, and it is the same from Didier regarding the transfer.

'There have been contacts with both clubs and next week we will hear
from them again. He would love to compete in one of the world's best
leagues, such as the Italian Serie A.'

But the Sports PR Company, who count Drogba and several of his former
Chelsea team-mates among their clients, responded through their official
Twitter account.

On his way: Llorente could also join Juve

On his way: Llorente could also join Juve

The company tweeted: 'Please note, these quotes are not correct. This
guy is not Didier's agent, his sole agent is Thierno Seydi (a
FIFA-registered agent based in Senegal).'

Drogba has been training with Chelsea, with whom he won the Champions
League in May, in the lead-up to the African Nations Cup which begins in
South Africa on January 19.

Wesley Sneijder plays down Liverpool move

Sneijder plays down 9.5m move to Liverpool as Inter Milan midfielder eyes January exit

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UPDATED:

14:31 GMT, 31 December 2012

Unsettled Inter Milan midfielder Wesley Sneijder has moved to dampen speculation linking him with a January move to Liverpool.

Italian newspaper Gazzetta dello Sport reported on Sunday that the Reds had made a 9.5million offer for the Dutchman.

Sneijder has been left feeling isolated at the San Siro after snubbing a suggested annual pay cut of 1.6million and then being dropped from the first-team.

On the move: Inter Milan's Dutch midfielder Wesley Sneijder is heading for the exit in the January transfer window

On the move: Inter Milan's Dutch midfielder Wesley Sneijder is heading for the exit in the January transfer window

But he denied there was any foundation in the story linking him to an Anfield switch when asked about it on Monday, telling a press conference: ‘Again, no truth’.

The 28-year old – who has also attracted interest from Manchester United and Tottenham – reacted furiously to Inter’s proposed salary cut and demanded a move, putting the pressure on the Serie A outfit to sell him for close to the same 15million euro fee they paid Real Madrid in 2009.

Red alert: How Sneijder would look in Liverpool coloursRed alert: How Sneijder would look in Liverpool colours

Red alert: How Sneijder would look in Liverpool colours

‘Clearly it’s best for everyone concerned that in January I am transferred,’ he said defiantly. ‘If that doesn’t happen then I will stay. I have a contract with Inter until 2015.’

Manager Andrea Stramaccioni has since dropped Sneijder from the squad over the bitter dispute.

His wage bill is currently 200,000 per week and Inter will be relieved to offload the financial burden. Liverpool’s coffers, however, are unlikely to be able to stretch to such levels.

Talk of a move to Spurs for the Holland international cooled when his agent told Dutch paper Algemeen Dagblad:

‘There is nothing, absolutely nothing true about that.’

United are also thought to be weighing up a January bid for the former Ajax man.

Wesley Sneijder transfer latest: Liverpool make 9.5m bid

Liverpool make first move for Sneijder with 9.5m bid for United and Spurs target

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UPDATED:

11:23 GMT, 30 December 2012

Liverpool have reportedly offered 9.5million for out-of-favour Wesley Sneijder while Manchester United and Spurs remain on high alert.

The Inter Milan ace has been left feeling isolated at the San Siro after snubbing a suggested annual pay cut of 1.6m.

Liverpool are first out of the blocks, according to Gazzetta dello Sport's front page, while their Premier League rivals are confident little more than 11m will secure a deal.

Italian job: United and Spurs are in the hunt for Sneijder

Italian job: United and Spurs are in the hunt for Sneijder

The 28-year old was furious with the
club's proposed salary cut and demanded a move, pressurising the Serie A
outfit to sell him for virtually the same 15m euro fee they paid Real
Madrid in 2009.

'Clearly it's best for everyone concerned that in January I am transferred,' he said defiantly.

'If that doesn't happen then I will stay. I have a contract with Inter until 2015.'

Manager Andrea Stramaccioni has since dropped Sneijder from the squad over the bitter dispute.

His wage bill is currently 200,000
per week and Inter will be relieved to offload the financial burden.
Liverpool's coffers, however, are unlikely to be able to stretch to such
levels.

Talk of a move to Tottenham Hotspur
for the Holland international cooled when his agent told Dutch paper
Algemeen Dagblad: 'There is nothing, absolutely nothing true about
that.'

He has previously been tipped as Sir
Alex Ferguson’s dream replacement for Paul Scholes but Inter’s inflated
demands of 40m plus his phenomenal 10m-a-year wage was an immovable
obstacle for Manchester United.

Make that move: Liverpool are reported to have made a bid for Sneijder

Make that move: Liverpool are reported to have made a bid for Sneijder

Sign him up: Spurs fans would love to see Sneijder at White Hart Lane

Sign him up: Spurs fans would love to see Sneijder at White Hart Lane

Sir Alex Ferguson has praised Ally McCoist for the job he is doing at Rangers

In awe of Ally: Sir Alex hails McCoist on Mission Impossible

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UPDATED:

00:10 GMT, 29 December 2012

Sir Alex Ferguson last night saluted the managerial job Ally McCoist has masterminded at Rangers in the face of the toughest set of circumstances ever experienced by an Ibrox boss.

The legendary Manchester United chief, Britain’s most successful manager of all time, has been hugely impressed at how McCoist has handled his ‘Mission Impossible’ in the wake of the ‘disgraceful’ and ‘disastrous’ financial collapse of Rangers under shamed former owner Craig Whyte.

Sir Alex Ferguson

Rangers manager Ally McCoist

Impressed: SIr Alex Ferguson (left) has given Rangers manager Ally McCoist (right) his seal of approval for the way McCoist has led the Glasgow club this year

Ferguson has marvelled at how McCoist has emerged from the trauma of the club’s liquidation, and the loss of a team of star players, to build a side which now sits 12 points clear at the top of the Third Division, ahead of today’s trip to Hampden to face Queen’s Park.

Despite giving McCoist his own personal managerial seal of approval, however, the two-times Champions League winner and 12-times English Premier League champion does not believe the record Rangers goalscorer will receive the credit he deserves for his work in the Ibrox dugout amid the off-field turmoil.

‘I think the job that Ally McCoist has done at Rangers is fantastic,’ said Ferguson, who became embroiled in a war of words with Newcastle yesterday after offering a not-so-complimentary opinion on their club and manager Alan Pardew, describing him as a ‘hypocrite’.

Top: Rangers are 12 clear at the top of the Third Division and will travel to Hampden to play Queen's Park on Saturday

Top: Rangers are 12 clear at the top of the Third Division and will travel to Hampden to play Queen's Park on Saturday

‘What bigger examination could a Rangers manager ever get than being demoted to the Third Division, losing all his players — and then still being top of the league.

'Ally has done a fantastic job, but he won’t get the credit he deserves because if Rangers are not in European football, then they are not Rangers.’

Ferguson started his playing career at Queen’s Park between 1957 and 1960, before spending two years at Ibrox as a Rangers striker between 1967 and 1969.

Support: Tens of thousands of Rangers supporters are expected to travel to Hampden Park

Support: Tens of thousands of Rangers supporters are expected to travel to Hampden Park

He would have loved to accept an invitation to be at Hampden today and joked that despite Manchester United hosting West Brom, he was still tempted to make the trip back to Glasgow.

‘Is Queen’s Park v Rangers a romantic fixture Absolutely,’ he told Sky Sports. ‘I was invited to the game but we are playing. I’ll maybe nip up anyway.’

Raheem Sterling signs new Liverpool contract

Sterling ends speculation by signing new long-term contract with Liverpool

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UPDATED:

14:53 GMT, 21 December 2012

England whizzkid Raheem Sterling has signed a new long-term contract with Liverpool.

The 18-year-old winger has been in negotiations with the Anfield club for weeks over a new deal.

But, as revealed by Sportsmail this week, both parties have shaken hands on a deal for Sterling to stay with the Merseysiders for the foreseeable future.

Signed, sealed, delivered: Raheem Sterling agreeing his new contract with Brendan Rodgers

Signed, sealed, delivered: Raheem Sterling agreeing his new contract with Brendan Rodgers

'It's every 18-year-old's dream. I'm just really grateful to be at such a big club like this,' Sterling said.

'There's a lot more to be done. I haven't begun yet, as the manager has said. Hopefully I can kick on after the New Year and try to do my best for the team and the football club.'

Manager Brendan Rodgers believes Liverpool provide the ideal environment in which Sterling can flourish.

There was a slight hold up to the deal being finalised as negotiations had to be thrashed out over the scale of his pay rise – from a reported 2,000-a-week to nearer 40,000.

But Rodgers insisted extended discussions were also about football as well as financial decisions.

Shake on it: Sterling with Liverpool boss Rodgers

Shake on it: Sterling with Liverpool boss Rodgers

'It was just making sure that we take
care in terms of the financial – but also the football – plan for the
player,' said the Reds boss.

'This was about a young player who
has rocketed from playing in the youth teams and the reserves into
becoming a full England international.

'A lot has happened in his young life and it was just about making sure that there was that protection for him going forward – both in his financial situation and his football plan.

'I have always been confident that this was going to be the best place for him and thankfully the kid is very focused and devoted to Liverpool.'

Jamaican-born Sterling had just 18 months left to run on his existing contract and ensuring the teenage sensation penned an extension was a top priority for the club.

And after several meetings between managing director Ian Ayre and Sterling's representatives the England international can now concentrate on establishing himself as a key member of Brendan Rodgers' plans.

A number of the Premier League's elite were lining up to take advantage of the uncertainty regarding Sterling's future next month.

Both Manchester clubs, Arsenal and Chelsea have watched Sterling extensively with a view to swooping for the forward in January.

Sterling, who started his career at Queens Park Rangers, has made rapid progress for Liverpool since breaking into the first team under Kenny Dalglish last season.

And his impressive breakthrough culminated in his first England cap, as he started in the defeat against Sweden last month.

However, he is still eligible to play for his native Jamaica given he has not played for the Three Lions in a competitive fixture yet.

Ayre said: 'This is another positive step forward for the football club in securing the long-term future of one of the country's brightest young talents.

One to watch: Sterling has come to the fore this season under manager Brendan Rodgers

One to watch: Sterling has come to the fore this season under manager Brendan Rodgers

'The negotiations were very positive and both parties acted in a very responsible way to reach an outcome that benefits both Raheem and Liverpool FC.

'Since the summer, Luis Suarez, Daniel Agger, Martin Skrtel, Jonjo Shelvey and Suso have all signed new long-term contracts and it's a clear indication of our intent to keep the players we believe are crucial to bringing success on the pitch.

'It also shows the belief the players have in the vision and leadership of Brendan Rodgers and everyone at this football club.'

Malaga banned from next season of European competition for failing to pay debts

UEFA get tough on finance: Malaga banned from European football for one season after failing to pay debts

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UPDATED:

15:20 GMT, 21 December 2012

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Malaga have been banned from competing in the next Champions League or Europa League competition they qualify for after failing to meet financial obligations.

The Spanish club will be allowed to play FC Porto as planned in the last 16 of this season's Champions League, but they will be excluded for one season if they qualify for European competition between 2013 and 2017.

Banned! Malaga will not be allowed to play the next season of European football they qualify for

Banned! Malaga will not be allowed to play the next season of European football they qualify for

They will be banned for a second season during that four-year window if they fail to prove that outstanding debts to employees and tax authorities have been paid by the end of March.

It is the first indication of the strict punishments UEFA will hand down to clubs under new Financial Fair Play regulations.

On the move Malaga's talented midfielder Isco may have to be sold

On the move Malaga's talented midfielder Isco may have to be sold

Malaga reacted by quickly releasing their own statement claiming that the decision was 'disproportionate and unjustified' and the club would work 'energetically and without rest to achieve justice'.

'Malaga Club de Futbol wishes to communicate its total disagreement with today's UEFA decision,' the statement read.

'The measures taken against the club are absolutely disproportionate and unjustified given the club's situation. We consider that the club is being punished unfairly and used as a 'Turk's head' example to others.'

'Given the total and absolute indignation and consternation on the part of the club, Malaga CF wishes to state that it will work energetically and without rest to achieve justice, using all available necessary means.

'Malaga CF wishes to add that it does not understand, and considers totally incomprehensible and abusive, that after having received this judgement it must now wait an unknown period of time to know the evidence upon which it was taken.'

Testing times: Malaga manager Manuel Pellegrini may have to make some difficult decisions in the January transfer window

Testing times: Malaga manager Manuel Pellegrini may have to make some difficult decisions in the January transfer window

The statement went on to refute claims that it was unable to pay its own players and keep up with debt repayments to other clubs.

It added that their Qatari backers remained committed to their 'project.'

Malaga, who are currently fourth in La Liga and in strong contention for a Champions League return, were also fined 300,000 euros (243,000).

The Spaniards finished top of a tough group including AC Milan, Zenit St Petersburg and Anderlecht to set up their tie with Porto.

Five other clubs face similar one-year bans during any of the next three seasons unless they can convince UEFA they have cleared the stipulated debts.

They are Hadjuk Split and Osijek from Croatia, Rapid Bucharest and Dinamo Bucharest from Romania, and Partizan Belgrade from Serbia.