UEFA bans FC Sion from competing in UEFA competitions for two years. UEFA, the governing body for European football, has issued a stark warning to European clubs not to breach its licensing rules and regulations. The UEFA Club Financial Control Body Adjudicatory Chamber (the “Adjudicatory Chamber”) imposed a €235,000 fine on FC Sion as well as a two year ban on competing in UEFA competitions for breaching the UEFA Club Licensing and Financial Fair Play Regulations (2015 edition) (the “CLFFP Regulations”). View Full Post
Norwich City Football Club has successfully issued a bond for £5,000,000. The five year, fixed term unsecured bond is intended to be ring-fenced to be invested in the club’s academy. The terms of the bond include a 8% annual interest rate that the club will pay to investors, of this 5% of the interest will be paid in cash whilst the remaining 3% will be paid in club credit. View Full Post