Tag Archives: profit

Harry Redknapp makes bid for Mohamed Diame

Redknapp makes Hammers raid for Diame as QPR boss begins January spree

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UPDATED:

12:01 GMT, 29 December 2012

Harry Redknapp has launched a raid for West Ham midfielder Mohamed Diame in a bid to secure QPR's Barclays Premier League lives.

The Senegal international has a 3.5million trigger clause written into his contract and Redknapp hopes he can tempt Diame across London.

The midfield powerhouse is just the kind of player the R's boss needs with his side languishing in the relegation zone.

Wanted man: Redknapp has made a bid for West Ham's Diame

Wanted man: Redknapp has made a bid for West Ham's Diame

The west London club have won just once in the league this term, despite a huge influx of new players in the summer.

And without a fresh injection of new blood in the January transfer window, they could be heading back into the Football league after two seasons in the top flight.

Diame has been an instant in east London after moving south from Wigan on a free last summer. But his future could now lay elsewhere after Redknapp laid out his desire to capture the Hammers star man.

His agent, Willie McKay, has laid out exactly why some player shave these low release triggers written into their contracts.

'The only reason some clubs have the players they have is because of a clause being inserted.' said McKay.

'They may make an offer that is less wages than another club has offered but because they allow a trigger clause then the player will sign with them.

'Diame was a free transfer and believed he could command a better salary than he was offered so to compensate for that the clause was put in so he could leave in six months time for 3.5million. That way the club can sell him at a quick profit or renegotiate.

Crocked: Diame is currently sidelined with a hamstring injury

Crocked: Diame is currently sidelined with a hamstring injury

'West Ham bought out Frederic Kanoute’s
clause and sold him for a profit; Wigan bought out Pascal Chimbonda’s at
2million and sold him to Tottenham for 4.5m.

'The thing is everyone is happy with the clauses at the outset otherwise a deal would not be signed. It’s only when things go wrong that people start saying they aren’t happy or it's the agents' fault.'

Diame is currently recovering from a hamstring tear – which he suffered in the defeat to Liverpool – but is expected to be fit enough to return in early January.

Under the cosh: Redknapp is facing an uphill battle to save QPR's Premier League skins

Under the cosh: Redknapp is facing a battle to save QPR's Premier League skins

Demba Ba"s release clause is causing trouble for Alan Pardew

The curse of the trigger clause! Newcastle's 2.5m Demba dilemma is a recurring nightmare

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UPDATED:

17:33 GMT, 28 December 2012

A clause at Christmas normally triggers thoughts of presents and a smile on your face but there is one at Newcastle that is turning Alan Pardew’s hair whiter than Santa’s.

To be precise, it’s the Demba Ba 7.5million clause.

Pardew wants to keep his star striker but the release figure Newcastle allowed in their initial contract negotiations leaves them vulnerable to offers. Anyone who matches that 7.5m can buy the player should he agree to go.

Demba Ba's 7million release clause could be triggered during the January transfer window

Waiting: Demba Ba's 7million release clause could be triggered during the January transfer window

It begs the question why agree to a clause in the first place Yet they are more common than you think as clubs try different ways to persuade players to join.

Willie McKay represents Momo Diame at West Ham who has a buy-out clause set at 3.5million. McKay has also seen clauses negotiated in the past with Frederic Kanoute and Pascal Chimbonda.

‘The only reason some clubs have the players they have is because of a clause being inserted. They may make an offer that is less wages than another club has offered but because they allow a trigger clause then the player will sign with them.

‘Diame was a free transfer and believed he could command a better salary than he was offered so to compensate for that the clause was put in so he could leave in six months time for 3.5million. That way the club can sell him at a quick profit or renegotiate.

‘West Ham bought out Frederic Kanoute’s clause and sold him for a profit; Wigan bought out Pascal Chimbonda’s at 2million and sold him to Tottenham for 4.5m.

‘The thing is everyone is happy with the clauses at the outset otherwise a deal would not be signed. It’s only when things go wrong that people start saying they aren’t happy or it’s the agents’ fault.’

Momo Diame has a 3.5million release clause at West Ham

Expensive: Momo Diame has a 3.5million release clause at West Ham

Frederic Kanoute has used a release clause

Pascal Chimbonda has used a release clause

Lucrative: Willie McKay, who represents Momo Diame, says that clauses have allowed clubs to sell players like Frederic Kanoute (left) and Pascal Chimbonda (right) for a profit

Chris Farnell, a senior partner with IPS Law, has been involved in many high profile contract negotiations throughout the game.

He said: ‘Principally on a player’s contract the blue paper on the top is set according to guidelines with the PFA, Premier League and Football League. There is a page at the back which is left blank for wage negotiations.

'That is down to the player, his agent and the club to set out how an agreement can be reached. That is where clauses will be outlined. They also have to be worded precisely.

'You can’t for example say a player is due 2million of a transfer fee because that is a breach of regulations. Fees are paid club to club. Yet you can say he is due an equivalent of 10percent of any transfer fee.

‘A common clause for example would be if David Beckham decided to join Reading on a two year contract. He may say there is a good chance they could go down so place a condition in that deal that the contract is terminated should they be relegated. Reading decide that suits them too because if they go down they couldn’t afford his wages anyway.

Lionel Messi's release clause at Barcelona is a whopping 205million

Not cheap: Lionel Messi's release clause at Barcelona is a whopping 205million

'Generally clauses are not liked in this country. A player who signs a five year deal with a 7million buy-out clause is effectively on a rolling contract that activates in every transfer window. Clubs here want greater continuity but it reflects what they were prepared to compromise to get the player in the first place. They have had to adjust to what is a world market and how some of these players are used to negotiating.

'Abroad, it is often put in to protect the asset. In Portugal, even the top clubs are selling clubs. They may start off with 100m buy-out clauses but are always prepared to come down in negotiations then start the process again by buying cheaper and raising the value.

'For the players it can be a gamble but one they are willing to take if they have confidence in their ability to keep attracting offers.'

Zenit St Petersburg are said to have offered the 205m it takes to trigger Lionel Messi’s sale at Barcelona. Fernando Torres is reputed to have a 100m one set in stone at Chelsea.

A championship club even stipulated in a clause that a player had to move house as his two hour trip from Manchester to training was affecting his muscle recovery while in Scandinavia it’s common for some players to have a clause that underlines the obvious and stops them from skiing.

A clause for thought They’re certainly not just for Christmas.

How netting would work to stop coin throwing and pitch invasions in Premier League

Net gains Premier League could follow Germans to sort out meshy business of missiles and pitch invasions

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UPDATED:

13:04 GMT, 10 December 2012

Heralded for possessing some of the finest top-level football stadiums on the planet, the majority constructed or extensively remodelled for the 2006 World Cup, behind-the-goal netting is commonplace in the German Bundesliga.

Sportsmail spoke to Ralf Esser, the owner of Funtec, which supplies the crowd-control measures to grounds such as Bayern Munich’s Allianz Arena and Stuttgart’s Mercedes-Benz Arena, to find out what may lie in store for English fans.

Look closely: The net at the home of Bayern Munich is just visible if you stare hard enough

Look closely: The net at the home of Bayern Munich is just visible if you stare hard enough

So how does the system work

We became involved at the request of FIFA for the 2006 World Cup to design a system which would prevent objects being thrown, including pyrotechnics, on to the pitch and to stop people running onto the field.

It is a flame-resistant mesh which you can see through very easily.

We produce a steel rope which is built into the roof of the stadium from which the net is suspended and there are no poles to obscure the view.

So what do the fans think about the nets

Sometimes they notice them if they are very, very close to the net. But we often have a very funny reaction from the fans.

They write letters to the clubs complaining that it is not fair that only the home supporters, and not the away fans, have nets in front of them. That’s because they cannot see them on the other side!

You do not focus on the nets. You focus on the action behind it. We don’t want the fans to notice the net.

Net profit: Again, at first glance the net at Borussia Dortmund's Westfalenstadion is hard to spot

Net profit: Again, at first glance the net at Borussia Dortmund's Westfalenstadion is hard to spot

What about the safety implications about having nets

It is possible to break the net down very quickly. It can be winched away if you only wish to use it for high-risk games.

In fact there was a match a few weeks ago at Hoffenheim where they forgot to take it down, nobody realised it was still up!

We have had lot of discussion with the emergency services. Every stadium is different and everyone has a different emergency concept.

There are provisions in place for spectators to run through the net or to go underneath it.

There are exits which are protected with Velcro which can be opened by the stewards.

There are systems in the steel rope which, if the tension is getting too high, the net will break in individual sections.

The steel rope also has a mechanism at the end that if there is more than two tons of pressure it will break in slow and smooth fashion so it cannot fall into the spectators.

There are lot of emergency break points which are guaranteed to break under a certain pressures and conditions.

Flashpoint: Rio Ferdinand was hit with a coin as Manchester United won the derby at the Etihad Stadium

Flashpoint: Rio Ferdinand was hit with a coin as Manchester United won the derby at the Etihad Stadium

What would it prevent being thrown on to the pitch, coins, and lighters

It depends on the size of the mesh and the speed a coin is thrown. A lighter will be stopped by the mesh.

If a coin is heavy enough it can go through the mesh but it will still slow it down. If you manage to throw a coin the right way it can get through.

If you make the mesh too fine you can see the net so we have to find a compromise.

The stadium owners don’t want the mesh to be too fine. But with a net that you cannot see, the fans soon find out it is not worth throwing two or three coins until you hit somebody.

Pitch invader: A Manchester City fan was able to get too close to the players during Sunday's derby

Pitch invader: A Manchester City fan was able to get too close to the players during Sunday's derby

Have you had any contact from a Premier League club and how long would it take to install

We have had no discussions as yet but it would take just one week to install. If you don’t have any protection systems it is also cheap.

You do not have to dig foundations or install poles. All our solutions are based on the steel cable which stretches from one side of the stadium to the other.

The system is working very well in Germany. The league supports it but they have not made a rule that you have to install it.

All of the big clubs have it but they do not want to draw attention to it. If they did people would realise it is installed.

Nike will have to pay up to extend Manchester United deal

Nike will have to dig deep to extend Man United sponsorship deal

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UPDATED:

19:00 GMT, 14 November 2012

Nike face having to shell out huge sums of cash if they want to maintain their association with Manchester United.

The American sportswear giants are due to sit down with Red Devils officials in February at the start of an exclusive six-month negotiating period with United over their 303million kit supply deal.

And whilst United officials were giving little away today during a conference call to provide information on their first quarter results, it seems obvious Nike will have to come up with an enormous sum to satisfy the club’s owners, the Glazer family.

Swoosh: Manchester United's current kits are made by Nike

Swoosh: Manchester United's current kits are made by Nike

In July, United announced a staggering 357million deal with General Motors for the Chevrolet logo to be worn on their shirts for seven seasons from 2014.

That figure prompted United to buy-out the present deal with DHL for United’s training kit, which will now come to an end at the climax of this season.

'We feel we know, with some clarity, the value of our rights, and we are bullish about the abundance of opportunities available to accelerate the growth of this business,' said Woodward.

'The planning on DHL started post-GM deal. We are always monitoring the value of our rights. We can improve the amount, duration and rights-package about that deal.

'Our six-month negotiating window with them (Nike) starts in February. We look forward to sitting down with them then.'

Privately, United officials do not see the way the Nike deal is structured fits with the more commercially aggressive Glazer regime.

When the present deal was negotiated in 2002, United were a publicly floated company and preferred to take as much risk as possible away from any sponsorship tie-up.

Therefore, a profit-share arrangement was put in place which ensured United received only a proportion of the cash generated from worldwide shirt sales in exchange for a guaranteed sum.

The Glazer family have not gone down the same route. They have even stopped the policy of contracting out pre-season tour arrangements, believing they can negotiate better deals themselves.

Costly: If Nike want to extend the deal they will have to cough up

Costly: If Nike want to extend the deal they will have to cough up

As a battle is presently taking place
between Sydney, Brisbane and Melbourne for two proposed matches in
Australia during 2013, the value of such an attitude is obvious.

It has also been noted Nike now pay the
French Football Federation almost 40million-a-year, without a
profit-share arrangement, for a seven-year period which began at the
start of last season.

Sponsorship certainly appears to be a lucrative revenue stream for United given they posted a 32% increase to 27.8million for the three months to September 30, 2013.

Including the General Motors contract, United did 10 sponsorship deals during that time, confirming an increase in workforce from 670 to 735 was almost exclusively connected to the marketing sector.

They now have mobile phone partnerships in 44 countries, with Woodward claiming the three-year deal with Japanese soft drinks manufacturer Kagome came as a direct result of opening an office in Hong Kong.

He added that the USA was the 'next natural place' for the club to open a regional centre given as many supporters watch United live there as do so in the United Kingdom.

Lucrative: From 2014 United will be sponsored by General Motors

Lucrative: From 2014 United will be sponsored by General Motors

It was also confirmed United received 2.5million as a result of being an Olympic Games football venue, plus 1.3million in compensation for players appearing at Euro 2012.

In addition, United used proceeds of IPO to reduce total debt by 17% to 359.7million.

This is unlikely to appease the vast numbers of anti-Glazer United supporters though.

An ‘exceptional item’ of 3.1million related to professional advisor fees in connection with the IPO, part of what is estimated to be an overall spend of 550million in interest and fees since the Glazer takeover in 2005.

Liverpool expect to improve shirt sponsorship deal

Liverpool can't buy a win at home or abroad but expect to IMPROVE 20m shirt deal

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UPDATED:

10:08 GMT, 14 November 2012

Liverpool are confident they can improve their current 20million-a-year shirt deal with Standard Chartered, despite a lack of Champions League football.

The club negotiated their current contract, which has two years to run, in 2009 while second in the Premier League and in Europe's elite competition.

But Liverpool expect to conclude negotiations quickly and extend the deal.

Talks: Liverpool hope to extend their deal with Standard Chartered

Talks: Liverpool hope to extend their deal with Standard Chartered

Standard Chartered have a period of exclusivity but last season they expressed 'disappointment' at the way the Luis Suarez racism controversy was handed.

The 80m, four-year deal was a club record when it was agreed but commercial revenues at Anfield have increased since John W Henry took control of the club, despite disappointing performances on the pitch.

Big money: Manchester United also rake in 20m each season

Big money: Manchester United also rake in 20m each season

Premier League sponsors

Arsenal – Fly Emirates (airline company) ends 2014, 5.5m a year
Aston Villa – Genting Casinos (gambling company) 2013, 8m a year
Chelsea – Samsung (electronics ) 2015, 13.8m a year
Everton – Chang (brewery) 2013, 4m a year
Fulham – FxPro (foreign exchange) 2013, 4.2m a year
Liverpool – Standard Chartered (bank) 2014, 20m a year
Man City – Etihad (airline) 1922, 20m a year
Man Utd – AON (insurance) 2014, 20m a year
Newcastle – Virgin Money (finance) 2013, 10m a year
Norwich – Aviva (insurance) 2016, 1m a year
QPR – Air Asia (airline) 2013, 2.5m a year
Reading – Waitrose (supermarket) 2013, 500,000 a year
Southampton – Aap3 (IT services) 2014, 1m a year
Stoke – bet365 (gambling) 2015, 1.3m a year
Sunderland – Invest in Africa (non-profit organisation funded by oil company Tullow) 2014, 20m a year
Swansea – 32red (gambling) 2014, 1.1m a year
Tottenham – Investec/Auresma (financial services/augmented reality multimedia) 10m a year
West Brom – Zoopla (property) 2015, 1.5m a year
West Ham – SBObet (gambling) 2013, 1.7m a year
Wigan – 12bet.com (gambling) 2014, 1m a year

Manchester United line up 1bn Nike kit deal

Man United line up whopping 1bn Nike extension to boost the coffers

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UPDATED:

08:04 GMT, 24 October 2012

Manchester United will be looking to negotiate sports merchandising giants Nike's biggest-ever sponsorship deal when they begin renewal talks over Old Trafford kit supply in February.

The 13-year Nike agreement with United that expires in 2015 is worth 303million, plus a profit share on retail sales.

And United chief of staff Ed Woodward, who presides over the club's extraordinary commercial operation, is looking for a 'major increase' from Nike.

A new deal: Manchester United are eyeing a bumper extension from kit sponsors Nike

A new deal: Manchester United are eyeing a bumper extension from kit sponsors Nike

More from Charles Sale…

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They have a six-month window of exclusive talks with United. Woodward would not say what stratospheric number United are chasing.

But they are sure to remind Nike that shirt sponsorship has risen more than six fold in the same period – from Vodafone's 8m to the 52m a year Chevrolet will be forking out from the 2014-15 season.

These potential figures – which could even see a 1billion deal if Nike sign up for a similar length of time – dwarf the 156m over 10 years the US company are reportedly going to pay Rory McIlroy to have the swoosh on his golf equipment and clothing from 2013.

FA botch Bernstein extension

Chairman David Bernstein all but admitted that the FA botched attempts to extend his time in office past his age-limit 70th birthday next May – including alienating councillors by asking for unregulated proxy votes to count in the ballot.

Bernstein, a 'little frustrated' to be leaving in the middle of the 150th anniversary celebrations, said the FA 'didn't organise things as well as they might have done'.

The FA council, having blocked Bernstein, are now turning their guns on the staff-run Club England wanting more representation from the marginalised FA international committee.

But Bernstein said he would 'unequivocally oppose any changes' in his eight months left.

Beckham in his briefs

David Beckham was spotted in his underwear emerging from bushes during a film-shoot by a busload of sight-seers reportedly on a Hollywood tour of celebrity homes.

Now it transpires the coach was full of film extras and the sighting was staged as part of the Guy Ritchie-directed Beckham H&M commercial to be aired next year.

Neville juggling TV and United commitments

Gary Neville – England coach and Sky football pundit – also has to juggle the extra conflicts from his paid position as a Manchester United ambassador alongside Sir Bobby Charlton, Bryan Robson and Andy Cole.

Man of many talents: Gary Neville is juggling between England duties (left), TV work, and his commitments as a Manchester United ambassador

Man of many talents: Gary Neville is juggling between England duties (left), TV work, and his commitments as a Manchester United ambassador

United are likely to add to their ambassadors as well as 'legends' – including Lee Sharpe, Dion Dublin, Quinton Fortune and Gary Pallister – to help service ever-burgeoning sponsorship partners currently totalling 77 worldwide.

These brought in 117million in the last financial year.

No wonder commercial director Richard Arnold says United are carving up their rights with a 'scalpel not a spade'.

They have 70 staff alone working the phones in their sponsorship search hot-house next door to Langan's Brasserie in London's Mayfair.

The owning Glazer family are said to have been instrumental in separating United's training-gear rights in their shirt deal with Aon, allowing for another 10m a year to be extracted from DHL for practice kit branding.

Sky slow on Armstrong

Disgraced drugs cheat Lance Armstrong has been stripped of his seven Tour de France victories as part of his exorcism from cycling's history.

But the official website of Team Sky, who boast of zero tolerance towards drugs, was still promoting Armstrong on Tuesday.

Sluggish: Team Sky's official website took their time to remove comments about disgraced drug cheat Lance Armstrong

Sluggish: Team Sky's official website took their time to remove comments about disgraced drug cheat Lance Armstrong

The on-line biography of Team Sky's senior sports director Sean Yates stated how he helped mentor 'one particularly talented young rider called Lance Armstrong . . . who often mentioned his debt to Yates for the advice he provided'.

It added that Yates worked with Armstrong at two teams before joining Sky.

However, all Armstrong mentions were deleted from the Yates biog around the time Sky were asked to comment.

Sheepshanks heads for Onside

Sports specialist lawyers Onside Law, who negotiated Alan Pardew's eight-year deal with Newcastle and TV sports presenter Jake Humphrey's contract with BT Vision, have appointed St George's Park chairman David Sheepshanks as a consultant to help build their football business.

Onside, set up by former IMG golf lawyer Oliver Hunt, represent Rory McIlroy.

Manchester United lien up 1bn Nike kit deal

Man United line up whopping 1bn Nike extension to boost the coffers

|

UPDATED:

06:39 GMT, 24 October 2012

Manchester United will be looking to negotiate sports merchandising giants Nike's biggest-ever sponsorship deal when they begin renewal talks over Old Trafford kit supply in February.

The 13-year Nike agreement with United that expires in 2015 is worth 303million, plus a profit share on retail sales.

And United chief of staff Ed Woodward, who presides over the club's extraordinary commercial operation, is looking for a 'major increase' from Nike.

A new deal: Manchester United are eyeing a bumper extension from kit sponsors Nike

A new deal: Manchester United are eyeing a bumper extension from kit sponsors Nike

More from Charles Sale…

Charles Sale: Premier League loses its fizz for sponsor Lucozade
22/10/12

Charles Sale: Rooney's second book flop leaves publishes unsure over future titles
21/10/12

Charles Sale: No purple patch for quirky Mancini as Manchester City boss ditches unlucky colour
19/10/12

Charles Sale: Why the blazers ousted FA chairman Bernstein
18/10/12

Charles Sale: No extra time for FA chief Bernstein's regime
17/10/12

Charles Sale: England's hot date with Brazil at the new Maracana
16/10/12

Charles Sale: Liverpool PR man Chang faces internal probe over Duncan Jenkins claims
15/10/12

Charles Sale: Liverpool see red over Chang bullying claims
12/10/12

VIEW FULL ARCHIVE

They have a six-month window of exclusive talks with United. Woodward would not say what stratospheric number United are chasing.

But they are sure to remind Nike that shirt sponsorship has risen more than six fold in the same period – from Vodafone's 8m to the 52m a year Chevrolet will be forking out from the 2014-15 season.

These potential figures – which could even see a 1billion deal if Nike sign up for a similar length of time – dwarf the 156m over 10 years the US company are reportedly going to pay Rory McIlroy to have the swoosh on his golf equipment and clothing from 2013.

FA botch Bernstein extension

Chairman David Bernstein all but admitted that the FA botched attempts to extend his time in office past his age-limit 70th birthday next May – including alienating councillors by asking for unregulated proxy votes to count in the ballot.

Bernstein, a 'little frustrated' to be leaving in the middle of the 150th anniversary celebrations, said the FA 'didn't organise things as well as they might have done'.

The FA council, having blocked Bernstein, are now turning their guns on the staff-run Club England wanting more representation from the marginalised FA international committee.

But Bernstein said he would 'unequivocally oppose any changes' in his eight months left.

Beckham in his briefs

David Beckham was spotted in his underwear emerging from bushes during a film-shoot by a busload of sight-seers reportedly on a Hollywood tour of celebrity homes.

Now it transpires the coach was full of film extras and the sighting was staged as part of the Guy Ritchie-directed Beckham H&M commercial to be aired next year.

Neville juggling TV and United commitments

Gary Neville – England coach and Sky football pundit – also has to juggle the extra conflicts from his paid position as a Manchester United ambassador alongside Sir Bobby Charlton, Bryan Robson and Andy Cole.

Man of many talents: Gary Neville is juggling between England duties (left), TV work, and his commitments as a Manchester United ambassador

Man of many talents: Gary Neville is juggling between England duties (left), TV work, and his commitments as a Manchester United ambassador

United are likely to add to their ambassadors as well as 'legends' – including Lee Sharpe, Dion Dublin, Quinton Fortune and Gary Pallister – to help service ever-burgeoning sponsorship partners currently totalling 77 worldwide.

These brought in 117million in the last financial year.

No wonder commercial director Richard Arnold says United are carving up their rights with a 'scalpel not a spade'.

They have 70 staff alone working the phones in their sponsorship search hot-house next door to Langan's Brasserie in London's Mayfair.

The owning Glazer family are said to have been instrumental in separating United's training-gear rights in their shirt deal with Aon, allowing for another 10m a year to be extracted from DHL for practice kit branding.

Sky slow on Armstrong

Disgraced drugs cheat Lance Armstrong has been stripped of his seven Tour de France victories as part of his exorcism from cycling's history.

But the official website of Team Sky, who boast of zero tolerance towards drugs, was still promoting Armstrong on Tuesday.

Sluggish: Team Sky's official website took their time to remove comments about disgraced drug cheat Lance Armstrong

Sluggish: Team Sky's official website took their time to remove comments about disgraced drug cheat Lance Armstrong

The on-line biography of Team Sky's senior sports director Sean Yates stated how he helped mentor 'one particularly talented young rider called Lance Armstrong . . . who often mentioned his debt to Yates for the advice he provided'.

It added that Yates worked with Armstrong at two teams before joining Sky.

However, all Armstrong mentions were deleted from the Yates biog around the time Sky were asked to comment.

Sheepshanks heads for Onside

Sports specialist lawyers Onside Law, who negotiated Alan Pardew's eight-year deal with Newcastle and TV sports presenter Jake Humphrey's contract with BT Vision, have appointed St George's Park chairman David Sheepshanks as a consultant to help build their football business.

Onside, set up by former IMG golf lawyer Oliver Hunt, represent Rory McIlroy.

Arsenal chief Ivan Gazidis nets 2m

No trophies and stars leaving… but Arsenal chief Gazidis bags 24% pay rise to 2m

|

UPDATED:

08:20 GMT, 3 October 2012

Arsenal boss Arsene Wenger may be struggling to compete with their big-spending rivals in the transfer market – but
the Gunners are still showing their financial clout in the boardroom.

Chief executive Ivan Gazidis saw his pay packet rise by 24 per cent rise to 2million last season – one of the highest sums ever paid to an English football executive.

Money matters: Ivan Gazidis (left) and Arsene Wenger

Money matters: Arsenal chief executive Ivan Gazidis (left) and manager Arsene Wenger

While the Arsenal failed to win a trophy for the seventh successive season, Gazidis raked in 1.366m basic salary, a bonus of 675,000 and pension contributions of 100,000, reports The Sun.

Their Premier League rivals have yet to file accounts for the last 12 months but London rivals Chelsea paid 2.155m to ALL their directors during the 2010/11 season. The highest paid – believed to be chief
executive Ron Gourlay – received 917,000.

Money talks: Arsenal were unable to keep Samir Nasri away from clutches of Manchester City

Money talks: Arsenal were unable to stop Samir Nasri joining big-spending Manchester City

The only Premier League executive who
earned more in 2010-11 than Gazidis did last season was Manchester
City's Garry Cook, who pocketed 2.204m.

Arsenal announced last week that they had made a pre-tax profit of 36.6m in 2011-12 – thanks to a 26.1m transfer surplus when they sold Cesc Fabregas to Barcelona and Samir Nasri to Manchester City.

Arsenal aren"t scared to spend, says Arsene Wenger

We are not scared to spend, says Wenger as Arsenal boss defends transfer policy

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UPDATED:

12:17 GMT, 27 September 2012

Arsene Wenger maintains Arsenal are not scared to spend money – but will always do it 'in the right way'.

The Gunners' parent holding company are set to post their latest set of financial results on Thursday afternoon, which are understood to again show a healthy operating profit and considerable cash reserves.

The joy of six: Arsenal romped to victory over Coventry on Wednesday

The joy of six: Arsenal romped to victory over Coventry on Wednesday

Those will be further boosted by the
24million sale of former captain Robin van Persie to Manchester United,
although also offset against the summer signings of Lukas Podolski,
Santi Cazorla and Olivier Giroud, who scored his first Arsenal goal in
Wednesday night's Capital One Cup win over Coventry.

Wenger believes the continued positive financial situation at the Emirates Stadium is 'very pleasing', but does represent a delicate balancing act between stability off the pitch and consistency on it.

'We want to spend our money in the right way. We are not scared to spend the money,' said Wenger.

'With some clubs we can't compete on certain players – and for the rest, we only want to bring in players who add something to our squad and give a chance as well to the young players we have.

Cash-flow: Wenger defended Arsenal's transfer policy on Thursday

Cash-flow: Wenger defended Arsenal's transfer policy on Thursday

'We have good players, because to buy one more, we have to get one out.'

'Our numbers are good,' added Wenger. 'Under the actual circumstances this is quite positive because the whole (global) environment is not positive.

'We are very lucky because we have a good support and the income of our gates is very high.

'We have to maintain that by keeping our fans happy and to continue to manage well in the way that we do it.'

Fabio Borini joins Liverpool in 10m deal

Rodgers' revolution begins as 10m Borini deal casts doubt over Carroll's Liverpool future

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UPDATED:

18:51 GMT, 13 July 2012

Kop that: Fabio Borini will work with Liverpool boss Brendan Rodgers again

Kop that: Fabio Borini will work with Liverpool boss Brendan Rodgers again

Fabio Borini has become Brendan Rodgers' first signing as Liverpool manager after the club agreed a 10million fee for the striker with his club Roma.

Borini passed a medical at the club's Melwood training ground on Friday and agreed terms on a long-term deal.

The move for the Italian international plunges Andy Carroll's future into further doubt, with Luis Suarez already ahead of the England man in the Anfield pecking order.

The deal for Borini gathered pace
after the 21-year-old revealed his wish to be reunited with Rodgers, who
he worked with at Chelsea and Swansea.

Twist and shout: Borini impressed at Roma last season, winning a place in Italy's Euro 2012 squad

Twist and shout: Borini impressed at Roma last season, winning a place in Italy's Euro 2012 squad

Borini
helped Rodgers' Swans to promotion to the Premier League in May 2011
but joined Parma on a free transfer from Chelsea last summer.

He
was then swiftly loaned out to Roma, for whom he impressed, netting 10
goals in 26 games to earn a place in Italy's Euro 2012 squad.

Having bought half of the player's
rights from Parma in January, Roma only purchased the other 50 per cent
just two weeks ago, taking their total spending on the player to just
7m – meaning they are happy to make a quick profit.

Out of favour: Carroll is already behind Suarez in the pecking order

Out of favour: Carroll is already behind Suarez in the pecking order

With Rodgers preferring to play just
one striker, it is hard to see how 35m-man Carroll will fit into
Liverpool's plans for the coming season.

Former club Newcastle, West Ham, AC Milan and Fulham have been credited with an interest in the 23-year-old.

Ironically, Borini's first game in a Liverpool shirt could be against Roma at Fenway Sports Park, Boston on July 25.