31
Jul

Norwegian football club gets big boost from super fan’s estate

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(Image via @FLFart)

A Norwegian football club just got a big boost to their bank account thanks to a local fan.

Erling Andreassen, who passed away at the age of 91 in July, left nearly all his estate to his local club in Vang, Norway: FL Fart.

(Okay, yes, funny name, have a laugh — can we move on now?)

The estate totals nearly four million Norwegian Krone ($636,000) and will go into the coffers of FL Fart. The club is best known for their successful women’s team, which is playing in Norway’s top tier women’s league.

The team issued a statement on the “magnificent” gift, saying the board hasn’t decided how the funds will be allocated, but it will be brought up at their annual meeting to figure out how to best use them. For a club of such a small size, this donation will go a long way.

And since you’re still chuckling about the club name, “Fart” translates as “speed” in Norwegian.

(H/T Who Ate All The Pies)

22
Apr

Must be the Moyesie! Man United stock price soars after sacking

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How much can the value of the world’s most popular club depend on a single man? Evidently, quite a lot.

When the legendary Sir Alex Ferguson stepped down as Man United manager last May, MANU stock nosedived from a share price of $18.44 to $15.16 in only a month! Under the disastrous reign of David Moyes, the stock continued to plummet, reaching a 52-week low of $14.26 in February.

But since March, MANU stock gradually rose once again. Coincidentally, this was around the same time rumors of Moyes’ possible firing first surfaced. Hmmm! And once Moyes did finally get the ax early Tuesday morning, United’s stock suddenly became a hotter commodity than rare Pokemon trading cards in a late 1990s middle school cafeteria.

Tuesday evening, MANU stock closed at $18.78/share after opening at $17.90. A week ago, the stock closed at $16.26; that’s over $2.50/share less. We are no financial experts here, but we do know that’s a big difference. In fact, the value of the club was at over $3 billion by market close Tuesday, an increase of $100 million since Monday, the last day Moyes was still in charge.

From The Associated Press:

Since 2012, when 10 percent of United was floated by the Glazers, the rise and fall of the club’s shares have been as keenly watched as the team’s results. Wall Street investors initially welcomed the dismissal of Moyes, with shares soaring by seven percent at one point after Tuesday’s announcement - reaching their highest level since Ferguson’s retirement.

”Following on as the successor to Sir Alex Ferguson was always going to prove a Herculean task … with arguably deeper disappointment at stake should the trophy cabinet remain bare for a second season,” said Andrew Wilkinson, chief market analyst at Connecticut-based Interactive Brokers.

As hip-hop artist Nelly might say, “Hey, must be the Moyesie!”

Illustration provided by FOXSports.com / Eddie Hon

19
Jul

Away games a bit expensive? Don’t worry, Stoke City has you covered

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In a move sure to please their supporters, Premier League club Stoke City announced on Friday that they will offer free bus travel for any Stoke fan looking to attend away matches.

While it’s often taking for granted, especially in light of the tens of millions of dollars spent on transfers by teams like Paris Saint-Germain and Manchester City, life as a soccer supporter can be an expensive hobby.

From the price of tickets, apparel and travel, the costs add up quickly, and can quickly place a burden on dedicated fans. Stoke City’s Chief Executive Tony Scholes explained the club’s decision:

"As a Club we are conscious that following football can be an expensive business, especially at a time when so many people are feeling the squeeze financially.
“We work hard to try and provide our supporters with value for money which is why we have not increased our ticket prices since being promoted to the Premier League in 2008.

While the income generated from new television and sponsorship deals often proves a boon to clubs around the world, new revenues don’t often trickle down to supporters. Let’s hope Stoke City kick off a trend with this move, to make soccer a matches accessible to everyone, regardless of income.

9
Jul

Belize, tonight’s Gold Cup opponent for the US, needs your money

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If you liked Tahiti in last month’s Confederations Cup, you’re going to love Belize in the 2013 Gold Cup.

This tiny nation, with a population of a little more than 300,000, didn’t even have its own national soccer team until 1995, and has long been considered the weakest team in Central America. But this year, Belize shocked the world — well, this corner of it anyway — by placing fourth in the Copa Centroamericana. This surprise finish meant Belize qualified for their first ever Gold Cup.

There was just one problem: Belize didn’t have the money to fund all the travel costs. The team organized a telethon, and local communities even hosted BBQ fundraisers. But as our own Leander Schaerlaeckens wrote in his match preview, the Gold Cup “Cinderella,” just mere hours before their first game against the United States, still doesn’t have all the funds to get from Portland, OR to their next matches in Salt Lake City, UT and East Hartford, CT.

You can do your part to make sure this tournament’s “Tahiti” doesn’t go bankrupt trying to get to all their matches during the Gold Cup: Belize is still asking for donations on their website.

Posted by: Thomas Hautmann

25
Dec
In the spirit of Christmas, Queens Park Rangers manager Harry Redknapp shares his thoughts with the media about how some of his ‘average’ players earn far too much money after his side’s 1-0 loss to Newcastle on Saturday night. 
21
Aug

Soccer players’ pay spirals

At least one profession is recession-proof: English soccer players’ wages have gone up an astonishing 1500% over the past twenty years according to a new study. Those wages have come at a cost: ticket prices to see games in England have increased by almost 1000%.

But for the very elite, club wages are no longer where they make the real money. David Beckham’s sponsorship deals bring him in excess of $17m a year alone, dwarfing the $4million a year he gets in wages from the Galaxy.

What do you think of the big pay packets soccer players take home? How do you think it affects the game? Let us know in the comments below.