Money & Finance
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...
