The cancellation of major sporting events and the decimation of the luxury, entertainment and travel industries is delivering a hammer blow to a global advertising industry that was already reeling from years of tech-led turmoil.
Football is facing its first economic crisis for decades with the prospect of mass layoffs of players if nothing is done to bail out clubs left without matches by the coronavirus pandemic, the global players' union FIFPRO said on Tuesday.
Professional football has been wiped off the map for weeks, maybe months, after all the major leagues, cups and international competitions were suspended, culminating in the postponement of Euro 2020 and Copa America on Tuesday.
The inquiry that led to the detention of former Brazil player Ronaldinho enters a new stage this week as prosecutors focus on what they believe is a money laundering scheme involving the businesswoman who invited him to Paraguay. Investigators will begin reviewing files and messages on the phones of the former Barcelona and AC Milan player and his brother and business manager Roberto Assis.
The U.S. Soccer Federation, defending itself against a gender-discrimination case filed by members of the U.S. women's national team, argued that playing for the men's national team is tougher than playing for the USWNT, a continuation of a shocking theme of arguments from the Federation.
Members of the U.S. women's national soccer team voiced frustration on Sunday in the ongoing back-and-forth with their federation over pay equality, as a May 5 trial date in their well-publicized lawsuit against U.S. Soccer inched closer.
At issue was a letter to membership released on Saturday in which U.S. Soccer President Carlos Cordeiro said the federation "offered to provide identical compensation to our women's and men's players for all matches controlled by U.S. Soccer."
UEFA president Aleksander Ceferin told European football's administrators on Tuesday that they can be proud to be in charge of the most popular, wealthiest and best football in the world.
In a surprisingly blunt message, the Slovenian told his organisation's annual congress that they should not be ashamed of the success of tournaments such as the Champions League and the Euros — nor the huge amount money they generate.
Ajax recently agreed to sell winger Hakim Ziyech to Chelsea for $43.4 million, with the 26-year-old moving to Stamford Bridge in the summer. While this number doesn’t even break the top 50 most expensive transfers of all time, it would be a blockbuster deal in most other leagues around the world. This list consists of the 18 most expensive incoming transfers across different leagues.