Football

With investment from traditional financial institutions still difficult to secure for sports properties looking to develop their facilities, sports fans are stepping forward to help fund projects. Elisha Chauhan finds out how and why.

Here are two sobering thoughts for football federation officials and sports marketing executives around the world. 

Swiss authorities are looking into development grants made by Fifa in territories around the world as part of their investigation into football’s global governing body and its award of hosting rights for the 2018 and 2022 World Cups, according to Reuters.

The South American Football Confederation (Conmebol) has admitted it is facing difficulties in paying prize money to teams competing at the ongoing Copa America after the national team tournament’s rights holder had its accounts frozen in the midst of the US investigation into corruption in the world game.

Frank Dunne asks Riccardo Silva, sports media rights entrepreneur and co-founder of new NASL (North American Soccer League) franchise Miami FC, about his fight to take on Brand Beckham.

A legal complaint against Uefa’s Financial Fair Play (FFP) system has been referred to the European Court of Justice (ECJ) as European football’s governing body prepares to discuss the rules at a meeting next week.

Alexey Sorokin, chief executive of the organising committee for the 2018 Fifa World Cup, has maintained the Russian government’s latest substantial cut to the budget for the national team football tournament is not a “sensational” move.

The London Legacy Development Corporation (LLDC) today (Friday) confirmed that the total cost of building and renovating the 2012 Olympic Stadium in London has surpassed £700m (€981m/$1.11bn).

Outgoing Fifa president Sepp Blatter has called for football’s global governing body to introduce the requirement for its key officials to pass integrity tests.

Liberian Football Association (LFA) president Musa Bility has announced his intention to stand for the presidency of Fifa, stating he is confident he will gain the necessary backing to formalise his candidacy.

A Spanish judge has asked some of Europe’s biggest football clubs to hand over details of offers they submitted to buy Neymar before the striker joined Barcelona in 2013 after he accepted a complaint filed by Brazilian investment fund DIS that alleges that it was the victim of fraud in relation to the transfer of the striker from Santos.

Cornel Borbely, the chief ethics investigator at football’s world governing body Fifa, has revealed that he is conducting proceedings against unnamed officials based on initial findings from investigations into the bidding processes for the 2018 and 2022 World Cups.

Former Barcelona president Joan Laporta will run in next month’s election in a bid to regain his role with the Spanish Liga and European champion.

Asian Football Confederation (AFC) general secretary Alex Soosay has quit his position amid allegations he tried to interfere with a corruption investigation at the governing body, while Confederation of African Football (CAF) president Issa Hayatou has denied that he sold his vote in the election for the host of the 2022 Fifa World Cup.

English Premier League champion Chelsea could be forced into playing its home games away from Stamford Bridge for at least two years if its long-running bid to redevelop its stadium to a 60,000 capacity is given the green light.

Former Fifa Executive Committee member Chuck Blazer agreed to act undercover for US investigators and has been cooperating with the government’s investigation into corruption in world football since at least 2011, it emerged on Monday, as the Asian Football Confederation (AFC) and Confederation of African Football (CAF) denied knowledge of the possibility of Sepp Blatter staying on as Fifa president.