Money & Finance
Chelsea Post Loss of £67.7m
Wed 1st Feb 2012 | Money & Finance
Chelsea faces an uphill struggle to rein in its losses after posting a loss of £67.7m in its latest accounts. The figures released yesterday showed Chelsea had reduced losses for the financial...
Premier League clubs show restraint in transfer market
Wed 1st Feb 2012 | Money & Finance
Premier League clubs spent around £60m in the January transfer window, according to analysis by business advisory firm Deloitte, a reduction of 70% on the record level of £225m in January...
Portsmouth's Bank Account Frozen
Tue 31st Jan 2012 | Money & Finance
Portsmouth have failed to pay their players’ wages after its accounts were frozen following a winding-up petition that was issued by HMRC. A statement released by the club yesterday read:...
Swansea City Pay For Premier League Ambition
Wed 25th Jan 2012 | Money & Finance
Swansea City’s latest accounts have revealed the true cost to them becoming the first Welsh club in the Premier League. Securing Premier League football contributed to a loss of £8.2m in...
Fulham post record profits
Tue 20th Dec 2011 | Money & Finance
Fulham Football Club have today announced a record profit for the season 2010/2011. The Club reported a profit, before interest and taxation, of £5.4m and a record net profit of £4.8m for...
Bristol City accounts show difficult year
Tue 29th Nov 2011 | Money & Finance
Bristol City Football Club have announced a loss of £11,454,525 for the year ending May 31st 2011. The latest accounts, which are available to view on the club’s official website show a...
Manchester City reveals record losses
Fri 18th Nov 2011 | Money & Finance
Manchester City Football Club have revealed record losses in its second comprehensive annual report published today. The report for the 2010-11 financial year, reveals City made a net loss on a...
Tottenham Hotspur announce record revenues
Wed 16th Nov 2011 | Money & Finance
Tottenham Hotspur have announced record revenues of £163.5m for the year ending 30 June 2011, up more than £43m for the same period the previous year (2010 £119.8m). The increased...
Manchester United's revenues continue to grow
Tue 15th Nov 2011 | Money & Finance
Manchester United have posted a 16.5% increase in first-quarter turnover to £73.8m which has reduced the club’s gross debt at £433.2 million. The club’s latest accounts up to...
Bolton announce increased revenues despite tough times
Tue 1st Nov 2011 | Money & Finance
Bolton Wanderers Chairman Phil Gartside says that the current tough economic times are reflected in the results of the Burnden Leisure annual report. Speaking to the club website, the Wanderers...
Football faces £100m fraud concern
Thu 27th Oct 2011 | Money & Finance
A report published by PKF Accountants & business advisers and the University of Portsmouth has warned that football clubs are ill prepared to counter fraud, insisting that the majority of clubs...
Sportsmatch injects thousands into grassroots
Wed 26th Oct 2011 | Money & Finance
Football clubs and organisations could benefit from grants of £1,000 up to £100,000 towards their community projects through Sport England’s ‘Sportsmatch’ scheme, and the...
Platini vows to tackle the big spenders
Wed 26th Oct 2011 | Money & Finance
Michel Platini has said Uefa will "see what we can do" to curb excessive spending among Europe's top clubs. Manchester City and Paris St-Germain have been carried to the summit of the Premier League...
Manchester City launch membership programme for UAE fans
Wed 26th Oct 2011 | Money & Finance
Manchester City FC has launched Sky Blue – the club’s first ever international membership programme, with specific benefits for fans in the UAE. When in the UAE, Sky Blue members will...
United spreads mobile telecoms net to Pakistan
Wed 26th Oct 2011 | Money & Finance
Manchester United has furthered its efforts to connect with fans in Asia and the Middle East by agreeing a three-year partnership with mobile telecoms firm Zong. The deal will give the Barclays...
Norwich City post growth in revenues
Mon 17th Oct 2011 | Money & Finance
Norwich City have revealed an increase in revenues and an operating profit of £0.5m in their latest set of accounts. The results for the financial year ending May 31, 2011 show revenue had...
Newcastle United’s prudence to pay dividends
Mon 17th Oct 2011 | Money & Finance
Newcastle United have revealed they are on course to break even over the coming months. Following the club’s bright start to the new Premier League season, Newcastle’s Managing Director,...
Arsenal say they would cope without Champions League football
Fri 7th Oct 2011 | Money & Finance
Arsenal's chief executive, Ivan Gazidis, has insisted the club would cope financially even if they missed out on Champions League qualification. Following Arsenal's worst start to a season in 58...
FA Group reports strong financial growth
Mon 3rd Oct 2011 | Money & Finance
The latest financial figures published by The FA Group have shown a strong operating profit has enabled it to increase reserves for the first time since 2006. Figures for the 12 months ending 31...
United is sport’s most powerful brand - report
Mon 26th Sep 2011 | Money & Finance
Manchester United has been ranked as the most valuable sporting team in the world, according to the findings of a new report. Analysis from advisory firm Brand Finance has outlined that the Barclays...
Manchester United staff to receive record bonus pay out
Tue 20th Sep 2011 | Money & Finance
Staff at Old Trafford are expected to receive a record bonus payout. Manchester United will pay out a record £5million in bonuses to more than 500 Old Trafford staff. According to the Daily...
Manchester United move closer to Singapore listing
Fri 16th Sep 2011 | Money & Finance
The Singapore Stock Exchange has approved Manchester United’s application for a partial stock market flotation, according to reports. The Barclays Premier League champion is now set to analyse...
Port Vale benefits from US investment
Thu 15th Sep 2011 | Money & Finance
Port Vale Chief Executive, Perry Deakin has hailed the club's new investment with Blue Sky International. The club announced the deal on Tuesday which will see the American-based artificial surface...
Coventry City's community scheme receives cash boost
Thu 15th Sep 2011 | Money & Finance
COVENTRY will get a healthy boost as Coventry City's community scheme Sky Blues in the Community (SBITC) has been awarded a grant for £9,536 to fund a project that provides regular sport and...
Bristol Academy's Women play UEFA Russian Roulette
Wed 14th Sep 2011 | Money & Finance
Filton College’s BAWFC launches Russian roulette lottery scheme to help fund their Russian UEFA adventure. Filton College's Bristol Academy Women's Football Club will be holding a Russian...
Burton Albion to announce increase in profits
Tue 6th Sep 2011 | Money & Finance
Burton Albion Football Club will announce a profit of £84,400 for the year ending May 31 st 2011 at the annual shareholders meeting to take place on Monday 26 th September at 7.30pm in the Tom...
MUST respond to the Manchester United financial results
Fri 2nd Sep 2011 | Money & Finance
The Manchester United Supporters Trust have repeated their call for the Glazer family to use the proceeds from their intended Singapore Stock Market flotation to wipe away the club's massive debt....
Manchester United announce record profits as Glazer family reduces club's debt
Thu 1st Sep 2011 | Money & Finance
Manchester United has confirmed a return to pre-tax profit figure for its last financial year, strengthening its hand ahead of a planned share sale to cut its debts. The club made £29.7m in the...
Football's £500m summer of spending ends
Thu 1st Sep 2011 | Money & Finance
Two dramatic late deals took the spending in the summer transfer window soaring towards the £500m mark. Mikel Arteta swapped Everton for Arsenal in a £10m deal as Arsene Wenger attempted...
Significant changes across the board at Loftus Road
Wed 24th Aug 2011 | Money & Finance
Queens Park Rangers (QPR) have announced significant changes to their pricing structure for the current 2011/12 Barclays Premier League campaign. Following a full evaluation of their prices across all...
Man Utd beat Barcelona in UEFA Champions League prize money
Tue 23rd Aug 2011 | Money & Finance
A total of €754.1m was distributed to clubs participating in the UEFA Champions League last season, with the two finalists, FC Barcelona and Manchester United FC, receiving the largest amounts. A...
Chester FC secure funding for volunteer project
Mon 22nd Aug 2011 | Money & Finance
Chester Football Club has secured funding of £65,000 from the new Adult and Community Learning Fund. The fund will enable Chester FC to launch a major volunteer programme that will help the Club...
Hearts administration threat ends after debt paid
Wed 17th Aug 2011 | Money & Finance
Hearts, who host Tottenham Hotspur in the Europa League tomorrow night, confirmed yesterday that they have settled a tax debt after being threatened with administration by Her Majesty's Revenue and...
Wayne Rooney's complaint over Sunday Times tax story rejected
Wed 17th Aug 2011 | Money & Finance
The Press Complaints Commission has rejected a complaint from Wayne Rooney over a Sunday Times article that alleged the Manchester United and England footballer had saved hundreds of thousands of...
Man Utd to win the Premier League according to economic league table
Fri 12th Aug 2011 | Money & Finance
On the eve of the Premier League season kicking off, F.C. Business Magazine has made a bold attempt to predict how the league will finish using economics. According to pure economics, Manchester...
Huddersfield Town FC raise £251,514 for ‘Keep it Up’
Tue 9th Aug 2011 | Money & Finance
We are pleased to announce that a staggering £251,514 has been raised for the 'Keep It Up' campaign in the 2010/11 season, taking the total combined amount across the first two years of the...
Rangers Charity Foundation Presents UNICEF With £50K Donation
Tue 9th Aug 2011 | Money & Finance
Rangers Chairman Craig Whyte, Manager Ally McCoist and midfield star Jamie Ness has presented UNICEF with a cheque for £50,000 from the Rangers Charity Foundation as part of the...
BBC Survey reveals the cost of Football
Tue 2nd Aug 2011 | Money & Finance
A survey by the BBC which looked at the cost of attending a football match has revealed the cheapest and the dearest clubs in England and Scotland. The survey conducted by BBC Sport showed Blackburn...
Birmingham Chairman calms fans' financial fears
Fri 29th Jul 2011 | Money & Finance
Birmingham City's acting chairman Peter Pannu has moved to calm supporters' fears over the club's financial position. Supporters have been contacted the club to express their concerns over reports...
Birmingham concede owner's arrest hampering future investment
Wed 27th Jul 2011 | Money & Finance
Birmingham City’s Chairman Peter Pannu has revealed criminal charges brought against Birmingham owner Carson Yeung are hampering efforts to acquire new investment in the club. Yeung, who was...
Football League clubs nuture youth of tomorrow
Mon 25th Jul 2011 | Money & Finance
Football League clubs have extended their commitment to the next generation of young playing talent by increasing their financial investment in Youth Development and by raising the number of first...
FSIF makes grant offer to Supporters Direct
Fri 15th Jul 2011 | Money & Finance
The Football Stadia Improvement Fund (FSIF) Board has agreed a grant of £268,292 to contribute to the funding of Supporters Direct’s running costs, provide services and expertise for...
Terrace Equality - Relaxation of Alcohol Restrictions in Football
Fri 15th Jul 2011 | Money & Finance
F.C. Business launches its campaign for the relaxation of alcohol licensing restrictions at football matches today. In what is a first for the business magazine for the football industry, they will...
Platini welcomes Football League's financial fair play plans
Mon 13th Jun 2011 | Money & Finance
UEFA President Michel Platini has welcomed the decision by The Football League to adopt the UEFA Financial Fair Play framework. Clubs in the Championship, League 1 and League 2 agreed to develop new...
Premier League Clubs’ revenues exceed £2bn
Thu 9th Jun 2011 | Money & Finance
Premier League clubs’ revenues exceed £2 billion for the first time in 2009/10, despite the economic downturn Premier League clubs’ revenue reached a record £2,030m in 2009/10...
Man City tops Value League
Wed 25th May 2011 | Money & Finance
The likes of Manchester Utd and Chelsea may sit at the top of the Premiership – but they’re not leading the league when it comes to value for supporters. The ING Direct Value League ,...
Man United earn over £60m from TV money
Tue 24th May 2011 | Money & Finance
Manchester United’s title winning season has seen them earn a massive £60,429,052 according figures released today. The huge financial rewards on offer to clubs playing in the Premier...
Everton Charity Wins Big Lottery Fund Grant
Fri 20th May 2011 | Money & Finance
Everton Football Club’s official charity has been granted nearly £1 million to fund an innovative new social inclusion programme targeting young offenders . Everton in the Community has...
Man Utd show strong revenue growth
Fri 13th May 2011 | Money & Finance
Manchester United’s latest financial figures released today show a strong increase in commercial revenues. Posting their third quarter figures this morning, United’s commercial revenue has...
Hearts returns to profit
Fri 13th May 2011 | Money & Finance
Heart of Midlothian Football Club (Hearts) has reported a return to profitability thanks to savings in staff costs and further investment from parent company Ukio Banko Investicine Grupe (UBIG) and...
Cash windfall for local business following QPR's promotion
Mon 9th May 2011 | Money & Finance
Shepherds Bush businesses could benefit from a £700,000 a year cash windfall following Queens Park Rangers (QPR) successful promotion to the Premier League, according to the local authority....
Wenger: Arsenal prices had to rise
Fri 6th May 2011 | Money & Finance
Arsene Wenger maintains Arsenal had little option but to take the hard decision to increase ticket prices at Emirates Stadium as the Gunners aim to keep pace on the pitch with their big-spending...
MUST reacts angrily to United ticket price increases
Thu 5th May 2011 | Money & Finance
Manchester United have further incited fan fury with its latest announcement that it is to increase ticket prices by £1 per game from next season (2011/12) MUST, the fans’ supporter group...
Liverpool post losses of £20m
Thu 5th May 2011 | Money & Finance
Liverpool Football Club have posted losses of £20m for the year ending July 2010. The end of year accounts, which will be published at Companies House later today and cover the period August...
Arsenal board clarifies ticket price rises
Wed 4th May 2011 | Money & Finance
Arsenal chief executive, Ivan Gazidis responded to the questions posed by Arsenal Supporters Trust (AST) to clarify the clubs position on the recent ticket price rises introduced for next season....
Premier League clubs lose out as program publisher goes bust
Tue 3rd May 2011 | Money & Finance
The company that makes programs for some of the UK’s largest football clubs has entered liquidation. Cre8 Publishing was put into liquidation earlier this month, leaving football and rugby clubs...
Government report names Football Foundation as the most efficient grant giver in the country
Wed 27th Apr 2011 | Money & Finance
The government has published the results of research it carried out to compare the operating costs of lottery distributors with those of other government funders and charitable foundations. The study,...
Plymouth debt totals £17m
Tue 26th Apr 2011 | Money & Finance
Plymouth Argyle's debts have spiralled to £17m and creditors will have to accept 0.77p in the pound. Some £5m of the total is secured against Home Park and must be repaid in full, but the...
Mansfield Town to splash the cash
Tue 26th Apr 2011 | Money & Finance
Mansfield Town are to splash the cash next season in a bid to return to the Football League from which they were relegated in 2008. Chairman John Radford has said that he will throw around £2m...
Man Utd The World’s Most Valuable Soccer Team
Thu 21st Apr 2011 | Money & Finance
Manchester United is the world’s most valuable football club and in all of professional sports, at $1.86bn. Number two is Real Madrid with a value of $1.4bn. Arsenal, at $1.19bn is number three....
Barcelona best paid global sports team
Thu 21st Apr 2011 | Money & Finance
Barcelona are the highest paid team in global sports measured by average first-team wages, ahead of their great rivals Real Madrid in second place. According to the Global Sports Salaries Survey 2011,...
Lord Sugar's five point plan to save football
Tue 19th Apr 2011 | Money & Finance
Former Tottenham Hotspur chairman Lord Sugar has drawn up a business blueprint to save English football. The Apprentice star will unveil the five-point plan in a new BBC2 documentary. He said: "For...
Gibson quashes Middlesbrough administration rumours
Mon 18th Apr 2011 | Money & Finance
Middlesbrough FC chairman Steve Gibson has dismissed romours that the club is on the verge of administration. Gibson has dismissed the rumours that the club was on the verge of going into...
Chelsea set to raise ticket prices
Fri 15th Apr 2011 | Money & Finance
The cost of watching Chelsea is set to increase after the club announced their ticket prices would rise by as much as 33% for the 2011-2012 Premier League season. The rise in prices – which will...
Birmingham's finances put Europa place at risk
Fri 15th Apr 2011 | Money & Finance
Birmingham City’s uncertain financial situation looks as if it could cost the club its Europa League place next season. Birmingham must convince the Premier League and the Football Association...
Birmingham City face Premier League review over accounts
Fri 8th Apr 2011 | Money & Finance
Birmingham City faces a Premier League review after accounts submitted by the club and its parent company included auditors’ qualifications that cast doubt on its future. Birmingham, who won the...
Rangers turnover down but takeover expected in next 48hrs
Fri 1st Apr 2011 | Money & Finance
Rangers Football Club turnover falls Rangers announced their interim results for the six months to 31 December 2010 today showing turnover had decreased by £4.1m, but expect a takeover of the...
Tottenham profit from Champions League experience
Fri 1st Apr 2011 | Money & Finance
Tottenham Hotspur have announced a 49% increase in revenue in their interim results released yesterday. Their financial results for the six months ending 31 December 2010 showed revenue had increase...
Liverpool chief warns UEFA must apply financial rules equally
Thu 31st Mar 2011 | Money & Finance
Liverpool CEO Ian Ayre has warned that UEFA’s financial fair play rules will be stifled if they are not applied “hard and fast”. Speaking on the first day of the Soccerex European...
Newcastle United reduce operating losses despite relegation
Wed 30th Mar 2011 | Money & Finance
Newcastle United Limited today filed its annual accounts for the year end 30 June 2010. The financial results reflect the impact of relegation to the Football League Championship and the refocusing of...
Portsmouth asked to reconsider ticket price plans
Wed 23rd Mar 2011 | Money & Finance
A Portsmouth supporters group will meet chief executive David Lampitt tomorrow to encourage the club to reconsider the structuring of season tickets for next season. Portsmouth plans to increase the...
Man Utd's accounts show losses of £106m
Tue 22nd Mar 2011 | Money & Finance
Manchester United's parent company Red Football Joint Venture, have announced losses of £108.9million last year in their latest accounts. The company owned by the Glazer family includes one-off...
Conference clubs charged for inaccurate financial reports
Mon 21st Mar 2011 | Money & Finance
Rushden & Diamonds Football Club have been charged by the Football Conference for allegedly submitting inaccurate financial information and have imposed sanctions on Redditch United under the same...
Premier League clubs owed £14m to taxman in 2010
Thu 17th Mar 2011 | Money & Finance
Premier League Clubs owe more than £14m to the taxman according to a Freedom of Information inquiry (FOI). The figures obtained by Sporting Intelligence from the FOI’s inquiry also...
Wembley Derby 'to cost millions'
Mon 14th Mar 2011 | Money & Finance
The FA Cup semi-final Manchester derby at Wembley 'will cost millions' to police and will be the most expensive security operation ever for a single game in England, according to reports. The draw has...
Dundee United post profit
Thu 10th Mar 2011 | Money & Finance
Dundee United made a net profit of £66,000 for the year ending June 2010. The news comes after they released their Annual Accounts today showing an improvement of £203K on the previous...
Birmingham will meet UEFA financial regulations
Tue 8th Mar 2011 | Money & Finance
Birmingham City Football Club are confident they will meet the financial criteria which will enable them to compete in Europe next season after their Carling Cup triumph. Birmingham, who beat Arsenal...
Soccability Support From Clarets’ Conference Grant
Mon 7th Mar 2011 | Money & Finance
Essex County FA’s Senior Development Officer (Inclusion), John Manning, welcomed news of the expansion of Chelmsford City FC’s Disability Programme thanks to the award of a grant of...
Arsenal post half year loss of £2.5m
Mon 28th Feb 2011 | Money & Finance
Arsenal Football Club released their half year financial figures today revealing a loss after tax of £2.5m for the second half of 2010. This compares to the profit of £29.2m the club made...
Oldham fails to pay player wages this month
Mon 28th Feb 2011 | Money & Finance
Oldham Athletic Football Club’s players have not been paid their wages for February. In a statement on the club website, they confirmed that the squad had not been paid on Friday because of a...
Wolves post pre-tax profit of £9.1m
Fri 25th Feb 2011 | Money & Finance
Wolverhampton Wanderers Football Club have released their financial information for the year ending 31 st May 2010. The results show the Midlands club generated a pre-tax profit for the year, after...
FIFA cash reserves boosted by South Africa World Cup
Thu 24th Feb 2011 | Money & Finance
FIFA have revealed they have cash reserves of $1.2 bn (£740m) after last year's World Cup in South Africa Sepp Blatter told African football adminstrators that the financial results were better...
Glazer family to rule out sale of club in next financial figures
Thu 24th Feb 2011 | Money & Finance
Manchester United will release their latest financial figures in the next few days which are expected to reiterate the Glazer family’s insistence that the club is not for sale. It’s...
Spanish league usurps Europe‘s merchandising throne
Tue 22nd Feb 2011 | Money & Finance
Spain’s Primera División, generated revenue of approx. EUR 190 million in the past season, making them the top grossing league in Europe according to the European Football Merchandising...
Sunderland AFC post losses of £27.9m
Wed 16th Feb 2011 | Money & Finance
Sunderland AFC have announced a substantial financial loss before tax, according to their latest account released this week. The North East club posted losses of £27.9m for the year ending July...
Football League chairman Greg Clarke warns clubs of debts danger
Tue 15th Feb 2011 | Money & Finance
Football League chairman Greg Clarke has warned that clubs are heading towards "the precipice" due to too much debt. The stark warning was made to a Parliamentary inquiry into football governance on...
Celtic reveal disappointing financial results for second half of year
Tue 15th Feb 2011 | Money & Finance
Celtic chairman John Reid reiterated the importance of European football after interim financial results for the final six months of last year showed a decrease in turnover of 21.4% to...
Sunderland chairman Niall Quinn blasts stay away fans
Mon 14th Feb 2011 | Money & Finance
Sunderland AFC chairman, Niall Quinn described fans who watched live games in pubs using foreign decoders as ‘despicable’. Quinn spoke of his disappointment at below expected attendances...
Seven Premier League Clubs In Football's Rich List
Thu 10th Feb 2011 | Money & Finance
Manchester United have a long way to go before they can match the revenues generated by Spain’s top two teams Barcelona and Real Madrid. According to Deloitte’s annual Football Money...
Everton FC turnover £79.1m in latest accounts.
Tue 8th Feb 2011 | Money & Finance
Everton Football Club has released its statement of accounts for June 1 2009 to May 31 2010 showing it generated turnover of £79.1m, offset by operating costs of £79.6m. This resulted in...
Plymouth Argyle to get financial lifeline 'by Monday'
Fri 4th Feb 2011 | Money & Finance
Plymouth Argyle Football Club look set to receive a financial lifeline after Japan-based club director George Synan promised funds would arrive ‘by Monday’. The club, who are on the brink...
Clubs spend a record £225 million in January transfer window
Tue 1st Feb 2011 | Money & Finance
Premier League clubs bucked the current economic trend by spending a record £225m in the January 2011 transfer window, beating the previous record of £175m in January 2008 by £50m,...
Ridsdale gives Plymouth Argyle Directors ultimatum
Tue 1st Feb 2011 | Money & Finance
Peter Ridsdale has given an ultimatum to the club's major shareholders to pay up by 8 February, or he goes. According to the BBC, the former Leeds United and Cardiff City chairman was brought in as an...
Chelsea post loss of £70.9m
Tue 1st Feb 2011 | Money & Finance
Under the storm surrounding Chelsea’s spectacular transfer spending which raged yesterday, the club announced a £70.9m loss in the year to June 2010. In the accounts released yesterday,...
Matlock Town FC appeal for investment
Mon 31st Jan 2011 | Money & Finance
Matlock Town Football Club chairman Tom Wright has made an appeal for local investment to help the club’s ambitious development plans after the non-league outfit was the subject of an enquiry...
Folkstone players defer wages to keep club afloat
Thu 20th Jan 2011 | Money & Finance
Folkestone Invicta players volunteered to give up four weeks’ wages to help the Ryman League Premier Division club overcome their latest financial hurdle. The club are struggling both on and off...
Premier League nears settlement with HMRC over 'Image Rights' payments
Thu 20th Jan 2011 | Money & Finance
The Premier League and U.K. authorities are moving closer to an agreement that will require clubs to pay millions of pounds to the government and curb teams’ attempts to reduce players’...
Premier League boss has no fears over 'Financial Fair Play' rules
Tue 18th Jan 2011 | Money & Finance
Premier League chief executive Richard Scudamore does not believe any English clubs will be banned from European competition for breaking UEFA's new financial rules. However, he has likened the...
Arsenal, an example to follow according to UEFA
Wed 12th Jan 2011 | Money & Finance
Arsenal Football Club have been held as an example of a well run club by UEFA after it published its third club licensing benchmarking report on European club football. The European Club Footballing...
Plymouth fans raise money for club's non-playing staff
Wed 22nd Dec 2010 | Money & Finance
Plymouth Argyle Football Club fans have launched a campaign to raise money for the troubled club's backroom staff according to the BBC. Non-playing staff received their November salaries late, and...
Birmingham owner clarifies club's spending plans
Tue 21st Dec 2010 | Money & Finance
Birmingham City’s owner, Carson Yeung has been forced to clarify the club’s spending plans after Alex McLeish bemoaned a lack of cash. According to the mirror newspaper, City boss McLeish...
Scottish FA give clubs cash boost
Thu 16th Dec 2010 | Money & Finance
The Scottish Football Association (SFA), have announced they will be making an extra £500,000 available for handouts as clubs struggle to cope with the financial pressure of cancelled games due...
Cantona's plans to make a run on Europe's banks falls flat
Wed 8th Dec 2010 | Money & Finance
Manchester United legend, Eric Cantona’s plans to orchestrate a run on the banks, in order to collapse Europe’s ‘corrupt, criminal’ financial system has not been the the...
Premier League club payments to agents’ fall.
Wed 1st Dec 2010 | Money & Finance
The Premier League yesterday revealed details of how much its member clubs spent on agents fees for 2009/10 The 20 clubs that make up the Premier League paid £67.1 million to agents in the year...
Plymouth Argyle FC fails to pay staff & player wages
Tue 30th Nov 2010 | Money & Finance
Plymouth Argyle Football Club have confirmed that both playing and office staff have not received their salaries for November. The south coast club faces a winding-up petition from HM Revenue &...
England 2018 offers 'perfect' profitability prospects
Tue 30th Nov 2010 | Money & Finance
England's 2018 World Cup bid leader Andy Anson has labelled FIFA's profitablity analysis "perfect". After the controversial week the English team have endured, the news their bid has come out top of a...
Walsall FC announce profit for 5th consecutive year
Fri 26th Nov 2010 | Money & Finance
Walsall Football Club have today announced a trading profit for the fifth consecutive year. The club’s annual report which was published today revealed a profit of £5,000. for the year...
Former Liverpool co-ower, Gillett sued by hedge-fund
Mon 22nd Nov 2010 | Money & Finance
Former Liverpool FC co-owner George Gillett is being sued for $117 million over a loan used to invest in the Premier League club according to Soccerex daily. It’s understood that US-based hedge...
Conference clubs show improved financial stability
Fri 19th Nov 2010 | Money & Finance
Directors of the Football Conference were pleased to receive figures presented at their last monthly Board meeting (11th November) indicating a considerable reduction in total monies owed by member...
Millwall reveal increased turnover in latest accounts
Fri 19th Nov 2010 | Money & Finance
Millwall Football Club yesterday announced that its results for the last financial year (ending June 2010), reveal that operational losses had been reduced, turnover up and that a share offer is...
Dundee United Chairman warns of wage cuts
Thu 18th Nov 2010 | Money & Finance
Dundee United chairman Stephen Thompson has warned that his family can no longer bankroll the Tannadice wage bill and cost cuts will be inevitable. Thompson said that United would have entered...
Ipswich Town reveal loss of £14m in latest accounts
Tue 16th Nov 2010 | Money & Finance
Ipswich Town Football Club have announced a loss of just over £14million for the 12 months to June 2010, in their latest accounts released today. According to the accounts the club's wage bill...
Glazers to pay off PIK loans
Tue 16th Nov 2010 | Money & Finance
Manchester United’s under fire owners have revealed they intend to pay off their controversial £220million payment-in-kind (PIK) notes without using money drawn from the club. Co-chairman...
Tottenham post record turnover and increased operating profits
Thu 11th Nov 2010 | Money & Finance
Tottenham Hotspur Football Club's financial results for the year ending 30 June, 2010 have been released to the Stock Exchange this morning. The figures show record group turnover for the year at...
Bolton Wanderers FC post losses of £34.5m
Thu 11th Nov 2010 | Money & Finance
Burnden Leisure Plc the operating company of Bolton Wanderers Football Club has released its figures for the financial year ending 30 June, 2010 revealing a loss of £34.5m. The figures, which...
Healthcare land offer to help North Yorkshire club
Wed 10th Nov 2010 | Money & Finance
A scheme to secure the future of one of the North Yorkshire’s oldest football clubs, Harrogate Railway Athletic FC, has been put forward by a local property entrepreneur/healthcare group, who...
Welshpool Town face uncertain future
Tue 9th Nov 2010 | Money & Finance
Welshpool Football Club face an uncertain future after the resignation of manager Mike Barton after just a month at the helm sparking an emergency meeting and the postponement of Tuesday night`s...
Burnley FC announce pre-tax profits of £14.4m
Tue 9th Nov 2010 | Money & Finance
Burnley Football Club has today reported a record pre-tax profit of £14.4m to shareholders. The accounts for the 2009/10 season, ending June 30, 2010, show the positive effect one year of...
Kidderminster Harriers FC in 'dire financial position'
Thu 4th Nov 2010 | Money & Finance
Dave Reynolds, the new Kidderminster Harriers chairman says that they are in a "dire financial position" in an urgent new club appeal for fresh investment. After taking a majority shareholding at...
Mansfield Town investigate payments made to previous board
Thu 4th Nov 2010 | Money & Finance
Mansfield Town FC are investigating claims that the previous board took dividend payments from the club even though there were insufficient funds to do so. Details of the payments being made came to...
Bristol City FC announce losses of £11m
Thu 4th Nov 2010 | Money & Finance
Bristol City Football Club has announced losses of over £11m in its latest financial statement released today. The figures audited to the year ending 31 st May 2010 show a significant rise in...
No guarantee debt will not be loaded on Liverpool FC again
Wed 3rd Nov 2010 | Money & Finance
Just when Liverpool fans thought it was safe to come from behind the sofa it emerged yesterday that the protracted takeover of Liverpool Football Club by NESV led by John W Henry comes without any...
Footballers using tax loophole to save millions
Thu 28th Oct 2010 | Money & Finance
Some of the UK’s top footballers are using a major loophole to avoid paying tax on their multi-million pound salaries according to an investigation by The Independent newspaper today. The report...
Hearts unveil debt for equity conversion plan
Mon 25th Oct 2010 | Money & Finance
Over a quarter of Hearts debt to be removed in the form of considerable short term liabilities of the company. Conversion of £10 million of debt into capital will strengthen the financial...
Man Utd post loss of £83.6m despite record operating profit
Fri 8th Oct 2010 | Money & Finance
The Glazer’s plummeting relationship with Manchester United fans looks set to fall even further after the figures released today by the club reveal an annual pre-tax loss of £83.6m In...
Blyth Spartans Football Club outline spending plans
Thu 7th Oct 2010 | Money & Finance
The North East club has released a statement regarding the changes it has implemented to its spending plans. The statement as follows outlines the clubs intent. With reference to the recent publicity...
Celtic FC CEO puts bonus on hold
Tue 5th Oct 2010 | Money & Finance
Celtic Football Club chief executive Peter Lawwell has waived part of his bonus entitlement because of the club’s disappointing results on the park last season and the difficult economic...
Man City FC post losses of £121m
Fri 1st Oct 2010 | Money & Finance
Manchester City Football Club released its annual accounts revealing the scale of its ambitious spending to achieve success. For the 12 months leading up to 31 May this year, they posted losses of...
FC United of Manchester pioneer football finance model
Tue 28th Sep 2010 | Money & Finance
FC United of Manchester is pioneering a new model in football finance with the launch of a £1.5m community share issue. The club, founded five years ago by Manchester United fans, is giving...
South Africa must build on World Cup 'legacy'
Tue 28th Sep 2010 | Money & Finance
South Africa must work hard to build on its successful hosting of the soccer World Cup if it is to secure long-term benefits from the event, the country's tourism minister said last week. Confounding...
Dundee FC' s director confident about club's future
Mon 27th Sep 2010 | Money & Finance
Dundee Football Club director George Knight is adamant the club will still have a future if it goes into administration. The Scottish First Division club must pay an Inland Revenue bill of...
Glazer's buy back 20% of Man Utd debt
Thu 16th Sep 2010 | Money & Finance
Manchester United’s owners have, according to reports, bought back around 20 per cent of the high-interest loan owed by the company they use to control the Premier League club. According to news...
FA's move to Wembley costs £17m
Thu 16th Sep 2010 | Money & Finance
Accounts released today are expected to show the true cost of the Football Association's move from Soho Square to Wembley The accounts will show the move cost the organisation £17m, a switch...
Ebbsfleet Utd Chairman calls on fans to back the club
Thu 16th Sep 2010 | Money & Finance
The newly-appointed Ebbsfleet chairman has called on fans to back an internet-based experiment where supporters run the club themselves. Speaking to the Gravesend Reporter, chairman Phil Sonsara who...
Levy makes Champions League financial warning
Wed 15th Sep 2010 | Money & Finance
Tottenham Hotspur Football Club chairman Daniel Levy has warned fans that reaching the Champions League isn’t as potentially lucrative as was first thought. £30m was touted as the windfall...
Braintree Football Club offers local council deficit lifeline
Mon 13th Sep 2010 | Money & Finance
Cash-strapped Braintree Council is set to ditch a plan that would make it millions of pounds and give the town's football club a new ground. Braintree Town Football Club have launched a renewed bid...
Man Utd fail to hit season ticket target
Wed 1st Sep 2010 | Money & Finance
Manchester United chief executive David Gill has confirmed that the club has failed to reach their target of season-ticket sales this summer. However, Gill insisted the figure is still "pretty good"...
Stirling Albion Football Club calls time on the complimentary culture
Tue 31st Aug 2010 | Money & Finance
Stirling Albion FC has announced that it is to cease providing complimentary tickets to visiting clubs and players. In return, the club has confirmed it will no longer seek complimentary tickets from...
Man City owner pours in nearly half a billion pounds since takeover
Thu 26th Aug 2010 | Money & Finance
It’s understood that Sheikh Mansour has been forced to inject half a billion pounds in cash into Manchester City Football Club to cover his club's runaway expenditure over the past two years....
Premier League teams continue to dominate Champions League prize money
Mon 23rd Aug 2010 | Money & Finance
English teams continue to dominate the Champions League in financial terms even if they failed on the pitch, figures released on Monday by UEFA have revealed. Despite not progressing beyond the...
Credit crunch takes its toll on SPL clubs
Fri 20th Aug 2010 | Money & Finance
Scottish football will fall into "a downward spiral" according to the PricewaterhouseCoopers' 21st Financial Review of Scottish Premier League. The 12 top-flight Scottish clubs made a collective loss...
Football League clubs increase payments to agents
Wed 18th Aug 2010 | Money & Finance
Football League clubs increased their payments to agents by £3.9m in the past year to a total of more than £12.7m. The bulk of the outlay came from Championship clubs who paid out over...
Bluebirds face bailiff threat
Wed 18th Aug 2010 | Money & Finance
CARDIFF were threatened with bailiffs on the same day they landed Craig Bellamy. Motherwell say the Bluebirds owe £175,000 from Paul Quinn's switch last year. And Well chairman John Boyle fumed:...
Interest payments jump at United
Mon 16th Aug 2010 | Money & Finance
The interest rate on a loan taken out by the Glazer family to buy Manchester United is expected to rise by 2% to 16.25% this week after they failed to keep the club's debts below a stipulated level....
Local businessman digs deep to help Forest Green Rovers FC
Wed 11th Aug 2010 | Money & Finance
Cash-strapped football club Forest Green Rovers have announced that local businessman Dale Vince is to invest a "sizeable sum" to help the club. Vince told BBC Radio Gloucestershire "I'm a big...
Premier League reveals new financial rules
Wed 4th Aug 2010 | Money & Finance
The Premier League has announced new ownership and financial regulations for season 2010/11. The new financial regulations come into place following a consultation process with the Premier...
Who’s the richest of them all?
Tue 3rd Aug 2010 | Money & Finance
Leaders in Football, the world’s most exclusive football business event, is pleased to announce joint sponsorship of the annual football “Rich List”. The Football Rich List will be...
Birmingham City FC outline future vision
Tue 3rd Aug 2010 | Money & Finance
Birmingham City'sacting chairman Peter Pannu has reiterated the club's aims to grow from strength to strength under a sustainable framework. In an exclusive interview with bcfc.com he explained how...
Bartlett assures fans Hull is not heading into administration
Tue 3rd Aug 2010 | Money & Finance
Russell Bartlett the owner of Hull City AFC has moved to reassure fans that the club are not heading into administration. Since relegation from the Premier League, the cash-strapped club have been...
Arsnal FA smashes fundraising target for Great Ormond St. Hospital childrens charity.
Mon 2nd Aug 2010 | Money & Finance
Arsenal Football Club is delighted to announce that a record-breaking £818,897 has been raised for Great Ormond Street Hospital Children’s Charity, the Club’s Charity of the Season...
Stoke boss concern over rising player wages
Thu 29th Jul 2010 | Money & Finance
Tony Pulis the Stoke City Football Club boss has expressed his concern at the spiraling wage bill in the Premier League Speaking to BBC radio Stoke, Pulis described the figures that some Premier...
Cost of attending football falls
Mon 19th Jul 2010 | Money & Finance
The cost of following football has fallen to a four-year low as clubs across the divisions cut ticket prices in a bid to keep fans onside according to Virgin Money’s latest Football Fans’...
World Cup: Outstanding Value
Tue 13th Jul 2010 | Money & Finance
At the Soccer City stadium in Johannesburg on Sunday, the 2010 World Cup came to an end with the spectacularly anticipated, all European showdown between Holland and Spain. Statisticians and data...
West Brom offer £5000 per point incentive to players
Tue 6th Jul 2010 | Money & Finance
Newly promoted West Bromwich Albion are reported to be prepared to give the go-ahead to a £5,000-a-point players bonus reward next season – providing they keep the club in the Premier...
Cardiff City FC handed another transfer embargo
Tue 6th Jul 2010 | Money & Finance
The Football League has imposed another transfer embargo on Cardiff City Football Club because of continuing concerns over unpaid tax bills. Her Majesty's Revenue and Customs (HMRC) has issued a...
Crawley Town FC clear debts
Mon 5th Jul 2010 | Money & Finance
Crawley Town Football Club have announced they have cleared their debts and are now aiming for promotion to the Football League. The Blue Square Bet Premier side were £1 million in the red when...
Money ruining English football
Thu 1st Jul 2010 | Money & Finance
Former culture secretary Andy Burnham claimed that English football is suffering because it has become too commercial. Speaking on BBC Radio 5 live: "I think money has poisoned our national game. "Our...
Manchester United launch legal case against Taxman
Wed 30th Jun 2010 | Money & Finance
Premier League side Manchester United is reportedly part of a group which has launched a legal case against the taxman challenging compound interest claims from VAT payments which could open the...
Preston Face New Tax Threat
Thu 24th Jun 2010 | Money & Finance
Preston have confirmed that the winding-up order served on them has been dismissed, but the club are still facing further legal action from HMRC. North End were hit with the order last month, leading...
Portsmouth FC could exit administration
Thu 17th Jun 2010 | Money & Finance
Portsmouth's creditors have voted overwhelmingly in favour of a deal which should see the club exit administration according to Football365.com. A total of 81.3% of the creditors voted in favour of...
Irish FA introduce salary cap
Thu 17th Jun 2010 | Money & Finance
The Irish FA Premiership Management Committee announced yesterday their decision to introduce a salary cap for clubs competing in the Carling Premiership. From next season clubs will be working with...
Will World Cup Success Lift the Economic Gloom?
Mon 14th Jun 2010 | Money & Finance
The success or failure of England in the World Cup is likely to have a significant influence on the London stock market according to a group of researchers. Research examining the link between the...
Airdrie United FC Chairman to 'Rip Club Apart'
Wed 9th Jun 2010 | Money & Finance
Airdrie United Football Club chairman Jim Ballantyne has told BBC Scotland he will "rip the club apart" to try to bring success back to the Excelsior Stadium. "We're kind of ripping the inside of the...
Liverpool FC defend season ticket price increase
Wed 9th Jun 2010 | Money & Finance
Liverpool have spoken out in defence of a 7% season ticket price increase. Club officials say there is "no difference in real terms" because of a rise in inflation and VAT. A seat in the Kop end...
Analysts issue warning over club spending on player wages
Tue 8th Jun 2010 | Money & Finance
In light of the Portsmouth fiasco this season, Deloitte have released a stark warning to clubs over spending on wages in the coming seasons. According to the report, spending on players wages in the...
HMRC to challange Portsmouth's CVA
Tue 8th Jun 2010 | Money & Finance
It has been reported that the taxman is set to reject Portsmouth Football Club's plans to save itself from collapse, as it regards the troubled club's offer of 20p in the pound return to creditors as...
Dundee FC fans voice concerns over club's financial future
Mon 7th Jun 2010 | Money & Finance
Supporters’ group Dee4Life have voiced their concerns over the financial welfare of Dundee Football Club. It’s understood that a letter from the Dee4Life Trust to its members is calling...
Glazer's over £1bn in debt
Mon 7th Jun 2010 | Money & Finance
An investigation by the BBC’s Panorama programme has revealed that Manchester United's owners are £1.1billion in debt The programme which is due to be aired tonight (7/06/2010) has...
Preston North End FC face winding-up petition
Thu 27th May 2010 | Money & Finance
Preston North End are investigating ways of continuing after the football club was issued with a winding-up petition by the Inland Revenue. The club was 20 days overdue with its April tax and national...
Blackpool and Cardiff compete for football’s most valuable prize
Fri 21st May 2010 | Money & Finance
This Saturday’s Football League Championship Play-off Final between Blackpool and Cardiff City will again represent the biggest financial prize in world football, worth around £90 million...
Chelsea FC Owe Abramovich £700 Million
Thu 20th May 2010 | Money & Finance
Previous reports that Chelsea Football Club owner Roman Abramovich has written off his £726 million loan to the club by converting it into shares, does not paint a fully accurate picture,...
Red Knights bid 'Doomed to Fail'
Thu 20th May 2010 | Money & Finance
The Glazer family are destined to be the owners of Manchester United for the foreseeable future, with a deepening sense taking hold last night that the Red Knights' bid to take over the club is doomed...
Interest hike to cost Manchester United an extra £75m
Wed 19th May 2010 | Money & Finance
The interest rate on the loan taken on by the Glazers to fund their investment in Manchester United will rise from 14.25 to 16.25 per cent this August as the club looks set to break financial rules...
Hull City players hold talks with PFA over pay cut
Wed 12th May 2010 | Money & Finance
The Professional Footballers' Association have held emergency talks with Hull City players after they were asked to take a pay cut. The offer was made by Hull's new head of football operations Adam...
Football League accepts increased parachute payment scheme
Tue 11th May 2010 | Money & Finance
The Football League has voted to accept parachute payments from the Premier League over four years instead of two after the two parties finally reached an agreement on the controversial proposals....
Newcastle United FC outline 5 year plan to 'break-even'
Mon 10th May 2010 | Money & Finance
The board of Newcastle United Football Club have released a statement on their website outlining the clubs precarious financial situation and the plans for next season as they prepare for next season...
Liverpool announce losses of £54.9m
Thu 6th May 2010 | Money & Finance
The BBC has reported that Liverpool's parent company posted a huge loss of £54.9m for the year ended on 31 July 2009 as debt interest payments and severance costs hit hard. The loss was 34%...
Premier League salaries skyrocket
Fri 30th Apr 2010 | Money & Finance
The average salary of a Premier League footballer has more than doubled in the last four years, according to a new report. SportingIntelligence.com claims that, on average, a player in the English top...
Clarke: No split in leagues
Fri 30th Apr 2010 | Money & Finance
Football League chairman Greg Clarke has denied there is a major split between the Championship and Leagues One and Two after a move to double parachute payments for clubs relegated from the top...
Rangers under tax investigation
Thu 29th Apr 2010 | Money & Finance
Rangers have admitted that they are being investigated by Her Majesty's Revenue and Customs (HMRC). The focus of the investigation is on payments made into off-shore accounts. The club, which has...
Watford's future secure for another season
Wed 28th Apr 2010 | Money & Finance
Watford's future has been secured for another season after the club's shareholders agreed to back Lord Ashcroft's £7.5million rights issue. The Hornets were hours from going into administration...
Platini: ‘Liberal’ Premier League to blame for Portsmouth
Wed 28th Apr 2010 | Money & Finance
UEFA president Michel Platini has criticised what he calls the "liberalism" in Premier League financial regulations, which he claims, led to Portsmouth going into administration. Premier League chief...
Birmingham City settle Seymour Pierce costs
Tue 27th Apr 2010 | Money & Finance
Birmingham have confirmed they have adhered to a High Court ruling and paid £2.2million to investment bank Seymour Pierce. But they have also reiterated that owner Carson Yeung's company,...
Manchester United consider a charge to apply for away tickets
Fri 23rd Apr 2010 | Money & Finance
Manchester United are reportedly considering charging fans for the right to apply for away tickets in a move that could make the club £1m and has led one supporters' group to question whether it...
Manchester United tops Forbes Rich List
Thu 22nd Apr 2010 | Money & Finance
Manchester United has retained its position at the top of the annual Forbes magazine list of the most valuable football clubs in the world with the magazine placing a £1.19bn price tag on the...
Portsmouth's financial troubles laid bare
Wed 21st Apr 2010 | Money & Finance
The full scale of Portsmouth Football Club’s financial troubles were neatly summarised by the revelation that they owe Tottenham £1million for the sale of Asmir Begovic, despite the...
Premier League players advised of personal security risks
Wed 21st Apr 2010 | Money & Finance
The Professional Footballers' Association’s (PFA) chief executive Gordon Taylor feels that players should consider getting private bodyguards as they are vulnerable to intimidation and extortion...
Accrington Stanley Season Tickets on general sale
Tue 20th Apr 2010 | Money & Finance
Accrington Stanley Football Club has today launched the general sale of next season’s season tickets, starting with a 20% early bird discount on all tickets purchased before 4 th May 2010. The...
Chelsea's accounts reveal true size of wage bill
Wed 14th Apr 2010 | Money & Finance
According to their latest accounts, Chelsea's wage bill in the last financial year was £142.6 million while the value of the club's squad, dropped by nearly £40 million as reported by...
HUDDERSFIELD TOWN CHAIRMAN DEAN HOYLE CONFIRMS CARD FACTORY SALE
Fri 9th Apr 2010 | Money & Finance
As widely reported in the media in the last few days, the sale of Huddersfield Town Chairman Dean Hoyle’s greeting card business Card Factory to Venture Capitalist Charterhouse was finally...
Man Utd revenues warning
Wed 31st Mar 2010 | Money & Finance
It’s reported that financial advisers of Manchester United expect the club to miss out on at least £24m in cumulative match-day revenues over the next two years according to the Guardian...
Tax waiver for foreign stars in next year's Champions League Final
Fri 26th Mar 2010 | Money & Finance
The British Government has introduced a special resolution in its budget to ensure that players taking part in next year's Champions League final at Wembley will not be liable to pay tax according to...
Leicester City overwhelmed by season ticket sales
Fri 26th Mar 2010 | Money & Finance
Leicester City has been overwhelmed with supporters’ response to the early bird season ticket offer with the club expecting to surpass the 10,000 mark in the next couple of days. The early bird...
Man Utd to freeze ticket prices for 2010/11
Thu 25th Mar 2010 | Money & Finance
Manchester United have confirmed they are freezing season ticket prices next season. The Glazer family, who have attracted much criticism over the size of price rises since their controversial...
Delia whips up a recipe for cash!
Thu 25th Mar 2010 | Money & Finance
Delia Smith is said to be raising much needed capital for Norwich City FC by appearing in a series of ads for the up-market supermarket chain Waitrose. In an interview today with The Times food...
Premier League to increase payments to the Football League
Wed 24th Mar 2010 | Money & Finance
The Premier League is considering an additional £100 million payment per season to the Football League, according to the Times, as a way of addressing the financial gap between clubs. Premier...
Portsmouth fined by the Premier League
Mon 22nd Mar 2010 | Money & Finance
Portsmouth have been fined by the Premier League for a "series" of rule breaches this season. Pompey have endured a turbulent campaign and to entered administration in February. A nine-point deduction...
Premier League to increase solidarity payments to the Football League
Fri 19th Mar 2010 | Money & Finance
The Premier League is preparing to pledge more than £100 million a season to the Football League in an attempt to bridge the financial gulf that has taken numerous clubs to the brink of ruin as...
Sheffield United Unveils Plans To Launch A New Blades Prepaid Card
Tue 16th Mar 2010 | Money & Finance
Sheffield United have announced exciting plans to introduce a Blades Prepaid Card, which will give supporters a modern alternative to cash, credit and debit cards. The Prepaid Card will be launched in...
Sunderland AFC report losses of up to £26 million
Fri 12th Mar 2010 | Money & Finance
Sunderland chairman Niall Quinn has reassured fans that the club is in stable hands under the ownership of American businessman Ellis Short. Short obtained full control of Sunderland in May 2009 and...
Swansea board say no to pay
Fri 12th Mar 2010 | Money & Finance
Swansea City's board of directors, including chairman Huw Jenkins, voted for the seventh year in a row to not take any wage from the club. A report of the club's financial performance indicates that...
The FA to withhold Portsmouth's FA Cup prize money
Mon 8th Mar 2010 | Money & Finance
The FA is preparing to withhold the £600,000 prize money and broadcast fees that Portsmouth have accrued from reaching the last four because they owe £3 million in transfer fees to their...
The Premier League offer Portsmouth a lifeline.
Wed 3rd Mar 2010 | Money & Finance
It’s reported that Portsmouth Football Club will be offered a staggering £32million rescue deal from the Premier League to pay their tax bill and avoid going bust this season. The club...
Man Utd reprt uplift in finances
Tue 2nd Mar 2010 | Money & Finance
Manchester United's owners have strengthened their financial position despite the protests against them after releasing figures showing increases in revenue and profits. With a group of financiers...
Real Madrid top Deloitte Football Money League
Tue 2nd Mar 2010 | Money & Finance
Real Madrid becomes the first sports team in the world to generate €400m in revenues as it tops Deloitte Football Money League · On-pitch dominance takes Barcelona second as Manchester...
Arsenal announce pre-tax profits of £35.2m
Fri 26th Feb 2010 | Money & Finance
Arsenal Football Club announced half year pre-tax profits of £35.2m, is a significant increase on last year’s (2008) result of £24.5m. The increase in profit has been attributed to...
Ashley's £25m emergency loan
Mon 22nd Feb 2010 | Money & Finance
MIKE ASHLEY had to make an emergency £25million loan in December to keep Newcastle going according to a report in the yesterday’s News of the World. The article states that Newcastle owner...
Celtic reveal poor financial performance
Wed 17th Feb 2010 | Money & Finance
Celtic Football Club's financial results for the six month period ending in December 2009 shows a 22.8 percent drop in turnover to £36.11 million and a pre-tax profit of £1.27 million a...
Club Officials call for financial restrain!
Mon 15th Feb 2010 | Money & Finance
Both Dave Whelan the Wigan Chairman and Steve Gibson, the Middlesbrough Chairman, have both expressed their concerns over club spending. Whelan has urged the Premier League to implement tighter...
West Ham staff face pay reductions of up to 25%
Tue 9th Feb 2010 | Money & Finance
West Ham co-owner David Sullivan has made it clear today that players and management staff will be asked to take a salary cut even if the club avoids relegation from the Premier League and has warned...
HMRC get tough on image rights payments
Thu 4th Feb 2010 | Money & Finance
Finance chiefs of the Premier League have been summoned to London on 12 February and payments to agents and image rights will lead the debate, according to Accountancy Age. It’s understood that...
Man Utd bond issue value tumbles
Wed 3rd Feb 2010 | Money & Finance
It has been widely reported today that the value of bond issue aimed at refinancing Manchester United’s debt has dipped dramatically. The club secured the £500 million ($798m) needed to...
Lowest spend on January transfers at £30m
Tue 2nd Feb 2010 | Money & Finance
Premier League spending in the January transfer window has dropped to a record low as debt-laden clubs cut back on new acquisitions. According to research by Deloitte’s Sports Business Group...
Man Utd bond issue complete
Fri 22nd Jan 2010 | Money & Finance
A formal announcement is due to be made when the New York Stock Exchange opens this morning that the bond issue to raise the £500 million investment has been completed helping to get Manchester...
Man Utd Debt Reaches £716m
Wed 20th Jan 2010 | Money & Finance
Debts at the parent company of Manchester United have increased to £716.5m ($1.17bn), according to its latest accounts. The company, called Red Football Joint Venture, is owned by the Glazer...
Glazers could take £130m from Man Utd.
Tue 19th Jan 2010 | Money & Finance
The Glazers stand to earn nearly £130m from the bond issue of Manchester United Football Club. In an article in the Guardian (19/01/2010), it was revealed that nestling in the small print of the...
Manchester United announce £500m Bond issue
Mon 11th Jan 2010 | Money & Finance
Manchester United have announced that it will be seeking to raise approximately £500 million aggregate principal amount from an offering of senior secured notes due 2017. The notes, whose...
UEFA to get tough on clubs reporting losses
Fri 8th Jan 2010 | Money & Finance
UEFA is in the process of formalising regulations that stipulate that football clubs cannot continue to report losses after getting big financial backers and is said to be thinking in terms of a three...
