By Georgina Lee HONG KONG Swiss crypto-focused SEBA Bank on Wednesday said it has received an approval-in-principle from

İSTANBUL--(BUSINESS WIRE)--Nov 1, 2023--

Macy’s slashed its annual profit and sales outlook with sales weakening sales in the first quarter during an increasingly challenging economic environment, including stubbornly high inflation

Manchester City have announced the biggest annual income ever recorded by an English club by bringing in £712.8m in their treble-winning season. The club made a profit of £80.4m for the 2022-23 financial year, nearly double the previous year’s total of £41.7m, as they topped the previous highest income by a Premier League club – the £648m recently declared by neighbours Manchester United. However, they would still have made a loss without a £121m profit on player sales, including Raheem Sterling, Gabriel Jesus and Oleksandr Zinchenko. Their costs included a wage bill of £368m although it was increased by bonuses for winning three competitions. City reported a rise in each of their commercial, broadcast and matchday revenue for a year when Pep Guardiola’s side secured the Premier League, the FA Cup and the club’s maiden Champions League. City’s broadcast revenue went up by more than £50m to £299.4m, principally due to income from Uefa for their successful Champions League campaign. Their commercial revenue was up by more than 10 percent to £341.4m while matchday income went up by £17.4m to £71.9m. But City also referenced the 115 charges the Premier League levelled for allegedly breaching financial regulations. Potential punishments if found guilty include points deductions or even relegation but City maintain there is “irrefutable” proof of their innocence. The club said: “On 6 February 2023, in accordance with Premier League Rule W.82.1, the Premier League referred a number of alleged breaches of the Premier League Rules by Manchester City Football Club to a Commission under Premier League Rule W.3.4. “In February 2023, in response to the charges, the club issued a public statement that it welcomes the review of this matter by an independent commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position.” Chairman Khaldoon Al Mubarak, concentrating on the on-field results and the financial report, said: “In short, last season saw Manchester City achieve the greatest football and commercial year of its storied history.” CEO Ferran Soriano added: “Winning the treble – the Champions League (for the first time), the Premier League (the third title in a row) and the FA Cup. Achieving record revenues and record profits. Winning the Ballon d’Or for best men’s club of the year and being named the most valuable football club brand in the world. We can certainly say that the 2022-23 season was the best in the history of Manchester City.” City noted that, after the end of the 2022-23 financial year, they made a number of transfers which will add a net expenditure of £84m. That involved buying Josko Gvardiol, Mateo Kovacic, Matheus Nunes and Jeremy Doku while selling Riyad Mahrez, Aymeric Laporte, James Trafford, Shea Charles and Cole Palmer. Read More England new-boy Cole Palmer: My decision to go to Chelsea is paying off Anything is possible – Eric Dier on Tottenham’s Premier League title challenge Virgil van Dijk backs Liverpool to challenge Manchester City for Premier League title

Canada's annual inflation rate slowed to 2.8% in June on lower prices for gasoline as a result of

Rory McIlroy said on Thursday he hopes to "live up" to Francesco Molinari's incredible 2018 partnership with Tommy Fleetwood when he plays with the Englishman in the...

TORONTO--(BUSINESS WIRE)--Sep 26, 2023--

PARIS Airbus plans to merge two separate fighter businesses as part of a reorganisation of its Defence &

Tyler O’Neill homered, Steven Matz pitched six strong innings and the St. Louis Cardinals beat the Colorado Rockies 6-2

HANOI Vietnam's parliament on Wednesday decided to further extend a reduction in value-added tax (VAT) on goods and

The end of the Premier League season brings about a change of pace and focus, a chance to rest and reflect on other matters...unless you’re a sporting director, of course. Outside of the playing staff it’s very much all systems go straight away, with the summer bringing with it the opening of the transfer window and a chance to upgrade, replace or revamp certain sections of the squad for every club - and this year will be no different. From Chelsea’s mid-season overhaul meaning a surplus of squad players to the usual host of names being out of contract, there will be lots of changes to keep track of across England’s top flight and beyond once the official registration periods begin. As the EFL note, dates for transfer windows have to reflect “alignment with other European Leagues” as well as Fifa’s decree that transfer windows can be open “for a maximum of 112 days in any one season”. And now fans know exactly when they can expect the unveilings to potentially begin at their clubs ahead of the 2023/24 season, with confirmation that the summer transfer window will open in the Premier League on Wednesday 14 June, with the final-day scramble for late additions seeing the window shut on Friday 1 September at 11pm. Among the players rumoured to be on the move within the Premier League are Chelsea duo Mason Mount and Conor Gallagher, Crystal Palace winger Wilf Zaha, Wolves midfielder Ruben Neves, Brentford goalkeeper David Raya, and Leicester attacker James Maddison - while the saga of the summer could be around West Ham and England central midfielder Declan Rice. Liverpool have already confirmed the quartet of James Milner, Roberto Firmino, Naby Keita and Alex Oxlade-Chamberlain are departing, while the future of Man City star Ilkay Gundogan remains uncertain. Brighton will be hoping to hold onto a few of their excellent performers from this season, but Roberto De Zerbi has already acknowledged that Alexis Mac Allister is likely to leave. Newcastle are sure to add more quality to their ranks after making the Champions League, while Manchester United’s spending power could depend in large part on the club takeover and who eventually completes a purchase. Later in the campaign, the winter transfer window will open as usual on Monday 1 January, while that mid-season opportunity for additions will end on Thursday 1 February 2024 at 11pm. Meanwhile, the EFL has also confirmed their opening and closing dates for the 2023/24 summer and winter transfer windows and in both cases they align with those of the Premier League, with the same day and time for closing. Read More Ciaran Clark and Matty Longstaff leaving Newcastle When are the Premier League fixtures released? Jodi Jones relishing chance to take on England after overcoming injury despair

ALMATY (Reuters) -At least 32 people have died and 14 remain missing after a mine fire in Kazakhstan, the Ministry