Business

English Premier League club Newcastle United has held talks with the Bellagraph Nova Group (BNG) group over a possible takeover bid, the Singapore-backed company said in a statement.

BNG, co-founded by Singapore-based investors Evangeline Shen, Nelson Loh and Terence Loh, and headquartered in Paris, said that negotiations were at an advanced stage and that the group was willing to "massively contribute" to the club's development.

League One and League Two clubs, representing the third and fourth tiers of English football, have voted in favor of introducing salary caps for their squads, the English Football League (EFL) said in a statement on Friday.

League One clubs agreed to cap total expenditure on player salaries at $3.27 million while those in League Two agreed to an upper limit of $2 million. 

In the same week that Arsenal announced it's laying off 55 staff as a result of the financial impact of COVID-19, the London club welcomed longtime Chelsea forward Willian for a heaping sum of money, per ESPN.

U.S. billionaire Dan Friedkin has signed a deal worth more than $700 million to purchase the Italian Serie A soccer club AS Roma, the club said on Thursday.

Roma said in statement that formal contracts with the Houston, Texas-based Friedkin Group were signed on Wednesday for a transaction valued at 591 million euros.

"We look forward to closing the purchase as soon as possible and immersing ourselves in the AS Roma family," Friedkin said in a statement on the club website.

Ajax will have to change their playing style after the sale of Hakim Ziyech to Chelsea and the possibility of up to six others leaving before the new season in the Netherlands starts, coach Erik ten Hag said as they began pre-season training.

Ziyech was one of the key figures when Ajax reached the Champions League semifinal last season and also dominated in the Dutch league, but success for the club has meant their players have been in high demand.

In the wake of Manchester City overturning its two-year ban from European competition, the only take I really appreciated was this one. It’s sarcastic.   

Seems like football's golden era of financial fairness is coming to an end. You mark my words, it'll be dominated by money from now on.

ViacomCBS Inc said on Thursday it had signed an agreement with European soccer's governing body UEFA to live-stream Champions League matches on CBS All Access in the United States, starting this season through 2024.

The Bundesliga should earn some $4.95 billion from domestic broadcast rights for the four years from 2021-22 onwards, the German Football League said on Monday, with Sky awarded the prime package of all Saturday games.

The deals announced on Monday are slightly less lucrative than the existing four-year deal that ends next season. Worth $5.18 billion, that was an 85% jump from the previous agreement.

Amazon announced that it will air the rest of its Premier League matches for free on Amazon Prime while live streaming them on Twitch. No membership will be required to watch the four matches shown by Amazon.

One of the four matches has yet to be announced, but the other three include Crystal Palace vs. Burnley on June 29, Everton vs. Southampton on July 6 and Watford vs. Newcastle on July 11.