Money & Finance
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...
