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Up to 100 European football clubs eye €2b in Uefa recovery funds

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As many as 100 of Europe’s pandemic-hit football clubs are seeking access a new multibillion-euro loan fund being set up by Uefa, according to people familiar with the matter.

The teams have indicated an initial demand for borrowing a combined €2 billion (S$3.13 billion) from the fund being readied by the sport’s European governing body, as they seek to repair financial damage wrought by the Covid-19 crisis, the people said.

The money will initially be used to settle unpaid transfer deals, helping smaller clubs in Europe that are more reliant on player sales for their income, according to the people, who asked not to be identified discussing confidential information.

Uefa and the European Club Association, which represents teams in the region, are putting the final touches to the project. It comes in response to European clubs having lost an estimated €9 billion in revenue as a consequence of stadium shutdowns and shortened seasons during the pandemic.

The lending facility is part of a proposed three-pronged recovery strategy from Uefa, Bloomberg News reported in August. The continental governing body also wants to create an emergency pot of money to guard against future crises and set new rules on financial fair play.

It is in the process of deciding on the one or more banks that will help finance the project, under which loans will be secured against broadcast income for European competitions. Teams accessing it are expected to be offered a lower rate of interest than what is available in the commercial loans market. Those applying will be assessed on financial and sporting metrics.

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Representatives for the ECA and Uefa could not immediately be reached for comment.

Tensions have been running high across European football after a failed attempt earlier this year by a group of the region’s biggest clubs to form a breakaway Super League. While that plan was quickly scrapped in the face of fierce fan and political opposition, many top teams remain in desperate need of a financial boost.

“Everybody’s trying to find a different way of raising funds,” said Adam Sommerfeld, managing partner at sports advisory firm Certus Capital Partners.

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Kunle Solaja is the author of landmark books on sports and journalism as well as being a multiple award-winning journalist and editor of long standing. He is easily Nigeria’s foremost soccer diarist and Africa's most capped FIFA World Cup journalist, having attended all FIFA World Cup finals from Italia ’90 to Qatar 2022. He was honoured at the Qatar 2022 World Cup by FIFA and AIPS.

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Bundesliga

Boniface strikes twice for Leverkusen in 4-1 win at Hoffenheim

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Bundesliga - TSG 1899 Hoffenheim v Bayer Leverkusen - PreZero Arena, Hoffenheim, Germany - September 14, 2024 Bayer Leverkusen's Victor Boniface scores their second goal REUTERS/Heiko Becker

Champions Bayer Leverkusen cruised to a 4-1 victory at Hoffenheim on Saturday thanks to a dazzling performance by Victor Boniface that included two goals and an assist.

Leverkusen, who face Feyenoord at the start of the Champions League campaign next week, bounced back after losing to RB Leipzig just before the international break for what was their first domestic defeat in more than a season.

On Saturday they took control quickly and struck twice in the first half-hour, with Boniface twice beating the offside trap to give the visitors a 2-0 lead.

The Nigerian first set up Martin Terrier for a tap-in after 17 minutes and then scored himself in the 30th.

Hoffenheim’s Mergim Berisha, making his first appearances since a knee ligament tear last November, cut the deficit in the 37th and had another chances for a second goal a little later.

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Leverkusen, however, never lost control of the game and restored their two-goal lead courtesy of a Florian Wirtz penalty in the 72nd.

Boniface then single-handedly dismantled the Hoffenheim defence with a strong run down the left, powering a shot past keeper Oliver Baumann in the 75th to lift Leverkusen to fourth place on six points.

Borussia Dortmund are top on seven points, with Bayern Munich, on six, visiting Holstein Kiel later on Saturday.

-Reuters

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Bundesliga

Guinea player, Naby Keita suspended for rest of season by Bundelisga side

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Werder Bremen have suspended Guinea’s Naby Keita for the rest of the season and forced him to pay a ‘substantial fine’ after he refused to play in Sunday’s Bundesliga clash with Bayer Leverkusen.

Keita made headlines over the weekend when he refused to travel with his teammates and instead went home after finding out that he would not make the starting lineup for the game which eventually saw Leverkusen crowned Bundesliga champions.

While reports claim Keita will receive a ‘substantial fine’, an official statement from the club has revealed he will serve a suspension. Keita will be not be selected for games for the rest of this season, while he will also be banned from training with the team and featuring in the dressing room.

Bremen director Clemens Fritz said: “Naby’s behaviour cannot be tolerated for us as a club. With this action, he let his team down in a tense sporting and personnel situation and placed himself above the team.

“We can’t allow that. At this stage of the season we need full focus on the remaining games and a team that is very close together. There was therefore no alternative to our measures.”

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The former Liverpool midfielder joined the club as a free agent on a three-year deal in the summer of 2023, following a poor spell at Anfield.

The 29-year-old was keen to defend himself and his professionalism, taking to Instagram to share his point of view. He said: “Ever since I arrived at this magnificent club, I have always shown my professionalism.

“I have always tried to help the club and the great supporters, especially during this time of poor results. Since the start of my career, I have never had problems with my discipline and have always shown an exemplary attitude. I will not accept any person trying to tarnish my image.

“To the supporters, I have always worked hard in training to get the right result at the weekend. In training, I can only give my best.”

Keita has played just 106 minutes for Bremen since moving back to the Bundesliga last summer and now will be unable to secure any further game time during the current campaign.

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Bundesliga

Alonso Hails Boniface, Other Players for Leverkusen’s Bundesliga Triumph

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Bayer Leverkusen manager Xabi Alonso hailed their Bundesliga triumph as “something extraordinary” after they secured their first title in the club’s 120-year history on Sunday evening.

Bayer Leverkusen had a 13-point lead heading into the match against Werder Bremen, knowing a victory would secure the Bundesliga even with five matches remaining. The hosts made easy work of Bremen as they won 5-0 thanks to a penalty from Victor Boniface, a wonderful strike from Granit Xhaka and a Florian Wirtz hat trick.

The triumph marked the end of Bayern Munich’s run of 11 straight titles, and a breakthrough for Leverkusen after they came so close in both 2000 and 2002.

“This is a very special moment for the club,” Alonso said post-match. “After 120 years, to win the Bundesliga for the first time is something extraordinary. The players performed, they were a top team together. I am so proud of all of them. For me, it’s an honour to work here.

“Finally, we can say Bayer Leverkusen is a German champion. It’s a huge honour for all of us. It was earned by the team, by the club, by the fans. Everyone, all departments, was working and fighting for this title, so we are a result of that hard work over many years. This is a moment to enjoy and a huge success for this club. The first title is always special for everyone. So to be part of this history feels incredible.”

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When asked when he thought the title was within reach, he pinpointed their win over Bayern Munich on Feb. 10, which gave Bayer a five-point lead at the top of the Bundesliga. By the time Matchday 29 ticked around, Bayer Leverkusen were 16 points ahead of Bayern.

“That game against Bayern at home,” Alonso said. “It could have turned out that they would have been ahead of us. We didn’t talk about winning the title in the locker room that day but we all knew.

“We were all thinking about it. With the consistency, the quality of our game over the season, we earned this title. It’s not easy and we were living it every day, which made us believe. It’s an incredible team; all the players, even the young guys, worked so hard. Everyone was always preparing hard. We might need a little more time to reflect on what we accomplished but right now, we want to enjoy this.”

As Leverkusen closed in on history, fans invaded the pitch twice in the final 10 minutes. The first mini-invasion came after Wirtz’s second, and Leverkusen’s fourth, in the 83rd minute. Alonso and the players beckoned the supporters back. When Wirtz scored his third and their fifth in the 89th minute, the invasion was larger. The referee waited for the 90th minute and with fans still on the pitch, blew for full time.

“The fans were top,” Alonso said. “They lined the whole way to the stadium. We could see that they wanted this and we talked about it in the locker room, that we wanted to transform their energy onto the field. And again the players delivered and for me that’s special.”

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Alonso said he did not feel the external expectation and pressure of having a role in ending Bayern’s dominance of German football.

“The weight of history was not heavy inside me,” Alonso told ESPN’s Archie Rhind-Tutt.

“I was hearing that but I said, ‘Let’s see what happens.’ It was about bringing the right players; the staff were really supportive. We had a good team to play a good season but we have overcome expectations with the way we have played and deserved the results. It’s difficult to put into words but happy to be part of it.”

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