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Botafogo increased borrowings as Textor spreads the cash around

Botafogo increased borrowings as Textor spreads the cash around

May 7 – Botafogo has borrowed R$333 million ($65.6 million) from American owner John Textor, but not all the cash has remained in the club. Brazilian media report that Botafogo’s financial accounts reveal that the club agreed the loan with XP Investimentos in 2023 as working capital, and that part of the money was transferred to Belgian club RWD Molenbeek, …

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Argentina mourns loss of World Cup winner César Luis Menotti, 85

Argentina mourns loss of World Cup winner César Luis Menotti, 85

May 7 – César Luis Menotti, the charismatic coach who led Argentina to their first World Cup title in 1978, has died at the age of 85, the Argentine Football Association has announced. “Farewell, dear Flaco!” said a brief association statement, using Menotti’s nickname which means “the thin one”. Menotti, who played for Rosario Central, Boca Juniors and Santos, began …

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What it means for relegation

What it means for relegation

The Premier League denied an appeal from Nottingham Forest that now upholds the side’s four-point deduction. The club’s financial records indicated it exceeded its loss limit in its first season back in the Premier League. Nottingham Forest was only permitted to lose $77 million, per the Premier League’s regulations. However, major spending amounted to $318 million spent on transfers. As …

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