Football
- Mbappé didn't sign with On. He bought in.
On ended Mbappé's 20 year run with Nike by reportedly handing him equity instead of just a paycheck, the same structure it used to sign Roger Federer, now aimed at football's biggest market.
- Chelsea cost £4.2 billion in 2022. Boehly's slice just sold for £950 million.
Boehly and Mark Walter walked away with a combined £950 million for the stakes they bought in 2022, as Clearlake Capital consolidated full control of the club.
- Monaco needed to sell two players to satisfy its regulator. Deadline day gave them neither.
France's financial regulator forced Monaco into a corner: sell or breach a wage cap. Deadline day came and went, and both intended sales fell apart.
- Jeff Bezos just bought into Liverpool. The stake size tells the real story.
FSG sold roughly 30% of Liverpool to a consortium including Jeff Bezos, valuing the club at £5.5bn. FSG paid £300m for the whole thing in 2010. That's the number worth sitting with.
- Manchester United's Real Balance Sheet: Two Decades Of Debt, One Very Expensive Way Out Of It
A flagship deep dive: how a leveraged buyout from 2005 turned into today's record debt, why cost-cutting at the edges barely touches it, and why a new stadium might actually be the sanest financial decision the club has made in years.
- Two Leagues, Two Very Different Kinds Of Unequal
Premier League clubs spend far more on wages than La Liga's. So why is La Liga's pay gap so much wider?
- Ronaldinho and Ravenna: a transfer that was never really about football
Ronaldinho is 46 and hasn't played professionally in over a decade. What Ravenna actually signed was reach, attention, and a name that sells itself, the shirt queue is just the easiest part to measure.
- Barcelona's "Levers": Buying A Player Is Only Half The Job
La Liga's spending rule is stricter than anything in England. Here's how Barcelona keeps finding a way through it.
- Why Man City Signed A Deal Running To 2034
Man City just signed the longest deal in Premier League history. The interesting part isn't the money, it's why the length matters.