New stadium to be created for Pakistan

Liam Watson
NED University of Engineering & Technology and Global Soccer Ventures (GSV) have entered an agreement to build a stadium for Pakistan.

In an exciting collaboration, NED University of Engineering & Technology and Global Soccer Ventures (GSV) have entered a 10-year agreement to build the first soccer-exclusive stadium for Pakistan.

The landmark deal will see a state-of-the-art stadium built by the influence of German engineering, which will help with various football infrastructure projects in Pakistan.

Karachi city will be home to the new stadium, backed by an investment of $16 million. The project will ensure that the nation has FIFA international playing conditions and a new experience for fans not seen before.

Dr. Sarosh Hashmat Lodhi, Vice Chancellor, NED University of Engineering and Technology:

“NED is world renowned for being at the cutting edge of technology and science in its educational curriculum so why not football. It is a vision that only GSV can bring to life.  I have seen the science and evolution of football on offer and it will be a major transformation for football in Pakistan.”

GSV Chairman Yasir Mahmood:

“It is time Pakistan rediscovers itself in football infrastructure offering the much needed professional and world class facilities.  This flagship soccer city at NED will entice other cities or institutes to come forward and become part of GSV’s football legacy offering the best in technology, science and football training all under one roof.”

Former English footballer Michael Owen:

“There is nothing more important than having home and away fans in football stadiums.  This investment will not only ignite inter-city football rivalry but will also become the future of football development all over Pakistan with sports science at the forefront offering international opportunities.”

GSV CEO Zabe Khan:

“We are the foundation of a sports revolution in Pakistan with soccer city being our flagship show-stopper.  The ideology here is that we don’t want to tell people of our dreams we want to show them, so we build it, fans come and get fanatical about our players in Pakistan’s very own theatre of dreams to display their talent.”

A detailed announcement and reveal of Pakistan’s first ever soccer city is to be made by the end of January 2022. Michael Owen and a star studded celebrity line up with be on hand with the very first images and 3D virtual video of the stadium being unveiled as a new year’s gift to Pakistan.

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Premier League clubs record huge losses despite record revenue

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Image Credits: Arsenal FC

A report from Deloitte says Premier League clubs are facing a growing financial challenge after combined pre-tax losses reached $1.8 billion (948 million pounds) in the 2024-25 season.

The figure marks a huge rise from the $258 million (135 million pounds) recorded the previous season. It comes despite clubs generating record revenue of $13 billion (6.8 billion pounds).

Revenue keeps rising

Premier League clubs increased their revenue by 8% during the season. Commercial income and matchday revenue both climbed. Broadcast income also increased. But higher revenue has not translated into stronger profits.

Wage costs rose by $730 million (381 million pounds). Player transfers also played a major role in the rise in losses. Only eight clubs reported an operating profit. That was down from 13 clubs the season before.

Spending drives losses

Transfer spending remains one of the biggest pressures on Premier League finances. Clubs continue to invest heavily to compete for trophies and European places. But those costs can quickly outweigh the extra revenue generated by success.

Net debt also increased. It reached $6.9 billion (3.6 billion pounds) in 2024-25. That was up from the previous season.

The financial pressure is not limited to the Premier League. Only three Championship clubs in the second tier reported a profit.

A warning for English football

The Premier League remains the financial powerhouse of English football. Its clubs generated $13 billion (6.8 billion pounds) in revenue. The Championship generated $1.8 billion (942 million pounds).

But Deloitte warned that football cannot rely on simply adding more matches to create future growth.

European competitions have expanded. The international calendar has also become more crowded. Yet there are concerns that the market could become saturated.

Clubs face tougher choices

The figures highlight a difficult balance for Premier League clubs. They need to spend to remain competitive. But rising wages, transfer fees and debt are putting greater pressure on their finances.

New regulations will also change how clubs manage their spending from 2026 onwards. The focus is now shifting towards sustainable growth and stronger commercial income.

The Premier League remains the richest domestic league in Europe. But these figures show that wealth does not guarantee profit.

For clubs across England’s top flight, financial discipline is becoming just as important as success on the pitch.

NSW Government opens $4.65 million Local Sport Grant Program

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Image Credit: Football Australia

The NSW Government has opened applications for the 2026–27 Local Sport Grant Program, with up to $4.65 million available to support grassroots sporting organisations across the state.

The program will provide grants ranging from $2,000 to $20,000 for incorporated not-for-profit sporting clubs and associations.

Funding is aimed at increasing participation, improving governance and enhancing community sporting facilities.

Applications opened on 27 July and will close at 1pm on 24 August 2026, with successful applicants expected to be announced in December 2026.

The Local Sport Grant Program forms part of the NSW Office of Sport’s ‘Everyone Plays Here’ strategic plan.

The plan is designed to strengthen community sport by supporting initiatives that encourage regular participation and improve long-term member retention.

Funding is also available for projects that reduce barriers to participation and create more inclusive sporting environments, particularly for women and girls, multicultural communities, people with disability, First Nations people and members of the LGBTQIA+ community.

In addition to participation initiatives, the program will support projects that improve the financial sustainability and governance of community sporting clubs, while also investing in the quality, adaptability and environmental sustainability of sporting facilities across New South Wales.

Successful projects must be completed by June 2028, with applicants required to meet the eligibility criteria outlined in the program guidelines.

The NSW Office of Sport has encouraged eligible organisations to submit applications before the closing date, with grants awarded through a competitive assessment process.

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