US billionaire Woody Johnson to buy stake in Crystal Palace
Deal values Premier League club at £550mn and could enable it to take part in European competition next season
Deal values Premier League club at £550mn and could enable it to take part in European competition next season

New system will penalise teams if they spend more than 85% of revenue on players’ transfers and wages

While a cleaner structure ought to please Wall Street, both halves have their challenges

Examples of assets shunted from one continuation vehicle into another are dribbling out

The sector’s pitch has worked but the next challenge is persuading investors to stay

US media group shocks sports rights market with European football push

Flood of money into evergreen vehicles has meant 7.5% share carved out in fund terms no longer sufficient