Connect with us


Chelsea Record £145.6m Loss Despite Champions League Success



European champions Chelsea announced Thursday an annual loss of £145.6 million ($196.7 million, 173.5 million euros) for the year to June 30 2021 despite their Champions League triumph.

The London club were crowned kings of Europe in May following a 1-0 win over English rivals Manchester City in the Champions League final in Porto.

But while their turnover rose from £387.8 million to £416.8 million thanks to an increase in broadcasting revenue, Chelsea said they still made a loss after playing games with no crowds because of Covid-19, with a reduction in profits on player sales also damaging their balance sheet.

Chelsea continue to be backed financially by Fordstam Limited, a company controlled by club owner Roman Abramovich, with their accounts saying “the company is reliant on Fordstam Limited for its continued financial support”.

The Blues added that under a “severe but plausible downside scenario of football being played behind closed doors in December 2021 and January 2022” it would be reliant on additional funding from Chelsea FC PLC, with further funds needed if the financial impact of Covid-19 were even more severe.

Chelsea said Thursday they have signed three players for a total of £109.7m — striker Romelu Lukaku, goalkeeper Marcus Bettinelli and midfielder Saul Niguez, on loan from Atletico Madrid, since June 30.

In the same period, Chelsea added they had sold 13 players for a combined £103.7m. They could also receive a further £16.4m if outstanding clauses in previous transfers are all met.

Russian billionaire Abramovich purchased Chelsea in 2003 and has overseen the most successful era in the history of the club, including five English titles and two Champions League crowns, with the Blues completing a league and FA Cup double in 2009/10.


Continue Reading


Remo Stars Are Champions of MTN/NPFL/La Liga U-15 Tournament 2022

Remo Stars were crowned champions after defeating Sunshine Stars two  nil  in a closely contested final, reports SANDRA ANI



MTN/NPF/LLa Liga U-15 Tournament 2022 winners - Remo Stars

Following participation from 15, U-15 clubs across the country, Remo Stars have won the 4th edition of the MTN/NPFL/La Liga U-15 Tournament.

Remo Stars were crowned champions after defeating Sunshine Stars two  nil  in a closely contested final.

Remo Stars U15 took the lead in the 15th minute through danger man Arierhi Kparobo,  Kparobo has been in fine form throughout the tournament making no mistake with his finish.

The second half saw some breathtaking saves from both keepers as the shots kept increasing. Ultimately, Kparobo got his brace after a well struck shot inside the box leading his team to victory.

Speaking after the final, Osaze Ebueku, Senior Manager, Sponsorship and Promotion, MTN Nigeria Limited, praised the tournament for showcasing and advancing grassroots football. “We saw the talents that came through, we saw how passionate the players were and this is the future of our football. Grassroots football is where we are looking forward to getting stars into the Super Eagles.

“I am highly impressed with what the players displayed since the commencement of the tournament and at the finals.

“The tournament has really improved and I am proud of the players that participated. What this means is that the future of our football is very bright and we are proud”, he added.

In the third-place match which took place earlier in the day, Katsina United edged out Kano Pillars 5-4 on penalties after the two sides played out a nail biting 2-2 draw.

Recall that in September last year, the Telco giant signed a partnership with the Nigerian Football Federation to become the Official Communications sponsor of the Super Eagles and other national teams.

This partnership sees MTN execute several exciting activities around Nigerian football, allowing football lovers to enjoy the sport uniquely.

Continue Reading


MTN/NPFL/LaLiga U-15 tourney: MFM through to quarterfinal

MFM defeated Lobi Stars 1-0 in their second game of the competition, achieving an unassailable six points in Group A and leaving the three other teams in the group to fight for second place.



MTN/NPFL/LaLiga U-15 tourney - MFM
MTN/NPFL/LaLiga U-15 tournament

Lagos-based MFM U-15 team, on Monday, became the first team to secure the quarter final ticket at the ongoing MTN-sponsored Nigeria Professional Football League/LaLiga U-15 championship.

MFM defeated Lobi Stars 1-0 in their second game of the competition, achieving an unassailable six points in Group A and leaving the three other teams in the group to fight for second place.

Plateau United, who secured their first three points of the tournament after defeating Kano Pillars 2-0, will be eyeing that spot.

Kano Pillars, who are also on three points, defeated Lobi Stars 3-2 in the opening game of the competition, will hope to get a good result against MFM in the final game of the group.

Speaking after his team’s 2-0 defeat at the hands of Kano Pillars, Plateau United coach, Sapwada Yerima, said he was happy with his boys’ performance and quick recovery from their opening day’s loss as they look forward to another win in their last game against Lobi Stars who remained without a point in two matches.

The NPFL/La Liga U-15 tournament is a continued indication of MTN’s commitment to raising the standard of grassroots football in Nigeria.

The Senior manager, sponsorship and promotions MTN Nigeria, Osaze Ebueku, stated: “This investment is a seed being sowed with hopes to harvest stars who will be groomed to represent Nigeria in the next two world cups and make it to the finals.”

The competition continues Tuesday with the host team, Remo Stars, taking on Kwara Utd in the first match of the day while Abia Warriors and Gombe United contest for their first win of the competition when they play against each other in the second match.

In Group D, Wikki Tourists will play their first game against group leaders Rangers, with the Enugu team looking forward to a place in the quarterfinal with a win.

Continue Reading


United Appoint Erik Ten Hag As The New Manager



Manchester United have appointed Ajax boss Erik ten Hag as their new manager, to replace interim Ralf Rangnick at the end of the season.

The 52-year-old has signed a three-year deal with the option of a further 12 months. He told United’s website: “It is a great honour to be appointed manager of Manchester United and I am hugely excited by the challenge ahead.

Jaap Stam believes there’s a big difference between the Premier League and the Eredivisie but expects Erik ten Hag to be successful at Manchester United
“I know the history of this great club and the passion of the fans, and I am absolutely determined to develop a team capable of delivering the success they deserve.

“It will be difficult to leave Ajax after these incredible years, and I can assure our fans of my complete commitment and focus on bringing this season to a successful conclusion before I move to Manchester United.”

Edwin van der Sar, Ajax’s chief executive and a former United goalkeeper, said, “we would have liked to have kept Erik for longer”, but added, “he is going to make the step to one of the biggest clubs in the world”.

Ten Hag told Ajax’s website: “I’m happy that it has been finalised and that it has been officially announced. That clarity is important.”

Continue Reading