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THE POLITICAL ECONOMY OF FOOTBALL V2 The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350.00m. The overall result is that the 44 clubs in England’s top two tiers of football will generate almost 6billion in revenue yet are highly likely to produce record economic losses close to £1billion in OVER A BILLION SPENT ON GLAZERS' OWNERSHIP OF UNITED Over a billion spent on Glazers' ownership of United. May 04, 2021. The Swiss Ramble has been reviewing the finances of Manchester United under the ownership of the Glazers, In the last 15 years since the Glazers took control in 2005 Manchester United have generated an impressive £5.9 bn revenue, but had £5.4 bn expenses (including2.9 bn
THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. BT EXIT SIGNALS DECLINE IN PREMIER LEAGUE TV REVENUES BT exit signals decline in Premier League TV revenues. May 01, 2021. Telecoms group BT is seeking to sell its sports broadcasting arm. That would, in effect, remove one of the Premier League’s biggest TV partners from bidding for matches in future auctions. The move could encompass a full disposal of BT Sport, forming a joint venture or AS ROMA LOSE OVER €200M AS Roma lose over €200m. October 08, 2020. AS Roma will report a loss of €204 million for the 2019/20 season, the club have revealed in a message to the stock market. The results have been published just a few months after the Italian club were taken over by the American privately held consortium of businesses and investments The Friedkin BLUES CONSISTENTLY LOSE MONEY Blues consistently lose money. May 05, 2021. The authoritative Swiss Ramble has given his verdict on the 2019/20 accounts of Birmingham City. The club's loss increased from £8.4m to £18.2m, as prior year included £17m profit on the sale of the stadium, partly WEST BROM LOSS IS SMALLER THAN PROMOTION RIVALS West Brom loss is smaller than promotion rivals. April 19, 2021. The Swiss Ramble analyses the 2019/20 accounts of West Bromwich Albion. The pre-tax loss widened from £7m to £23m, mainly due to promotion bonuses and COVID. Revenue fell £17m (24%) from £71m to £54m, while operating expenses increased £19m (22%), partly offset by profit on PREMIER LEAGUE FUNDING OF EFL CLUBS I started supporting Charlton in 1953 when my father took me to a game (my mother came sometimes as well). My father was born in North Woolwich in 1908 and had been a Charlton supporter since the 1920s when an older cousin took him. CAN ATTACK ON SPONSORS HURT GLAZERS? The question of protests against sponsors has been raised before. Indeed, representatives of United and Nike, sponsors at the time, held talks about the potential revenue impact of boycotts when the Glazers took over the club in 2005. Supporter groups opposed to the takeover had called for boycotts of brands such as Audi, Vodafone, Budweiser THE POLITICAL ECONOMY OF FOOTBALL V2 The authoritative Swiss Ramble has been reviewing the recently published 2019/20 accounts of Stoke City. The club’s pre-tax loss widened from £15m to £88m, as revenue dropped £21m (29%) from £71m to £50m and profit from player sales fell £15m (83%) from £18m to3m.
THE POLITICAL ECONOMY OF FOOTBALL V2 The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350.00m. The overall result is that the 44 clubs in England’s top two tiers of football will generate almost 6billion in revenue yet are highly likely to produce record economic losses close to £1billion in OVER A BILLION SPENT ON GLAZERS' OWNERSHIP OF UNITED Over a billion spent on Glazers' ownership of United. May 04, 2021. The Swiss Ramble has been reviewing the finances of Manchester United under the ownership of the Glazers, In the last 15 years since the Glazers took control in 2005 Manchester United have generated an impressive £5.9 bn revenue, but had £5.4 bn expenses (including2.9 bn
THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. BT EXIT SIGNALS DECLINE IN PREMIER LEAGUE TV REVENUES BT exit signals decline in Premier League TV revenues. May 01, 2021. Telecoms group BT is seeking to sell its sports broadcasting arm. That would, in effect, remove one of the Premier League’s biggest TV partners from bidding for matches in future auctions. The move could encompass a full disposal of BT Sport, forming a joint venture or AS ROMA LOSE OVER €200M AS Roma lose over €200m. October 08, 2020. AS Roma will report a loss of €204 million for the 2019/20 season, the club have revealed in a message to the stock market. The results have been published just a few months after the Italian club were taken over by the American privately held consortium of businesses and investments The Friedkin BLUES CONSISTENTLY LOSE MONEY Blues consistently lose money. May 05, 2021. The authoritative Swiss Ramble has given his verdict on the 2019/20 accounts of Birmingham City. The club's loss increased from £8.4m to £18.2m, as prior year included £17m profit on the sale of the stadium, partly WEST BROM LOSS IS SMALLER THAN PROMOTION RIVALS West Brom loss is smaller than promotion rivals. April 19, 2021. The Swiss Ramble analyses the 2019/20 accounts of West Bromwich Albion. The pre-tax loss widened from £7m to £23m, mainly due to promotion bonuses and COVID. Revenue fell £17m (24%) from £71m to £54m, while operating expenses increased £19m (22%), partly offset by profit on PREMIER LEAGUE FUNDING OF EFL CLUBS I started supporting Charlton in 1953 when my father took me to a game (my mother came sometimes as well). My father was born in North Woolwich in 1908 and had been a Charlton supporter since the 1920s when an older cousin took him. CAN ATTACK ON SPONSORS HURT GLAZERS? The question of protests against sponsors has been raised before. Indeed, representatives of United and Nike, sponsors at the time, held talks about the potential revenue impact of boycotts when the Glazers took over the club in 2005. Supporter groups opposed to the takeover had called for boycotts of brands such as Audi, Vodafone, Budweiser WHY UNITED'S COMMERCIAL OPERATION IS IMPORTANT Manchester United have a particularly successful and sophisticated commercial operation. In the recent fans' forum, Joel Glazer explained that without a successful commercial operation, you cannot have a successful football club but admitted these interests may have come tothe fore too much.
THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. WHY DOESN'T KROENKE WANT TO SELL? Why would Stan Kroenke not want to accept an improved offer for Arsenal that would double his money? This blog essay offers aninteresting
OVER A BILLION SPENT ON GLAZERS' OWNERSHIP OF UNITED This has averaged £42m in the last five years. The £1.1 bn cost of financing the Glazers’ ownership is “only” 16% of £6.8 bn expenditure since June 2005, but it is a huge sum. It’s more than 1.0 bn spent (net) on players and could have been spent on improving the squad (or even the increasingly shabby Old Trafford). Where United WEST BROM LOSS IS SMALLER THAN PROMOTION RIVALS West Brom loss is smaller than promotion rivals. April 19, 2021. The Swiss Ramble analyses the 2019/20 accounts of West Bromwich Albion. The pre-tax loss widened from £7m to £23m, mainly due to promotion bonuses and COVID. Revenue fell £17m (24%) from £71m to £54m, while operating expenses increased £19m (22%), partly offset by profit on 3 BILLION PRICE TAG WOULD DETER UNITED BUYERS The Glazers would want a premium, however. You have to persuade at least 50 per cent to sell up. So that’s the family. They would want a mark-up by at least 40 per cent, somewhere close to £3 billion. In addition, the banks will have “change of control” clauses in the lending arrangements they have with Manchester United. DID BLADES PLAY IT TOO SAFE? Did Blades play it too safe? April 05, 2021. From his Zurich fastness, the authoritative Swiss Ramble casts his forensic eye over the 2019/20 accounts of Sheffield United. Following promotion the Blades swung from £21m pre-tax loss to £19m profit, a £40m improvement, as revenue shot up £122m from £21m to club record £143m, though profit AMERICAN OWNERS WILL 'HOPE FOR IT ALL BLOW OVER' American owners will 'hope for it all blow over'. May 03, 2021. Yesterday's dramatic scenes at Manchester United have captured plenty of media attention and reflected the frustration of the club's fans, but what impact will they have on the Glazers 3,000 miles away. For them, their commercial interests come first.NEW THREAT TO RAMS
New threat to Rams. It is being reported that the English Football League (EFL) have won an appeal relating to a Financial Fair Play charge brought against the Derby County in January last year regarding how the club amortises a player's contract. That was one of two charges put to the club, the other relating to the sale of Pride ParkStadium.
ABRAMOVICH SUES OVER CHELSEA CLAIMS Abramovich sues over Chelsea claims. May 03, 2021. Roman Abramovich is one of four Russian billionaires to sue publishers HarperCollins for defamation over a book about the rise of President Putin to power. Abramovich said his 'action was not taken lightly' and that the book contained 'false and defamatory statements' about him. THE POLITICAL ECONOMY OF FOOTBALL V2 The authoritative Swiss Ramble has been reviewing the recently published 2019/20 accounts of Stoke City. The club’s pre-tax loss widened from £15m to £88m, as revenue dropped £21m (29%) from £71m to £50m and profit from player sales fell £15m (83%) from £18m to3m.
THE POLITICAL ECONOMY OF FOOTBALL V2 The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350.00m. The overall result is that the 44 clubs in England’s top two tiers of football will generate almost 6billion in revenue yet are highly likely to produce record economic losses close to £1billion in THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. WHY DOESN'T KROENKE WANT TO SELL? Why would Stan Kroenke not want to accept an improved offer for Arsenal that would double his money? This blog essay offers aninteresting
BT EXIT SIGNALS DECLINE IN PREMIER LEAGUE TV REVENUES BT exit signals decline in Premier League TV revenues. May 01, 2021. Telecoms group BT is seeking to sell its sports broadcasting arm. That would, in effect, remove one of the Premier League’s biggest TV partners from bidding for matches in future auctions. The move could encompass a full disposal of BT Sport, forming a joint venture or AS ROMA LOSE OVER €200M AS Roma lose over €200m. October 08, 2020. AS Roma will report a loss of €204 million for the 2019/20 season, the club have revealed in a message to the stock market. The results have been published just a few months after the Italian club were taken over by the American privately held consortium of businesses and investments The Friedkin WHY UNITED'S COMMERCIAL OPERATION IS IMPORTANT Manchester United have a particularly successful and sophisticated commercial operation. In the recent fans' forum, Joel Glazer explained that without a successful commercial operation, you cannot have a successful football club but admitted these interests may have come tothe fore too much.
SWANSEA PROFIT 'A NOTEWORTHY ACHIEVEMENT' Profit after tax was £1.7m. The fact that Swans managed to make a 3m profit is a noteworthy achievement. Only one other Championship club is also profitable in 2019/20 to date (Hull City £3m), while some have reported huge losses, including Leeds United £62m, Reading 42m, Middlesbrough £36m and WBA £23m. Swansea have now been PREMIER LEAGUE FUNDING OF EFL CLUBS I started supporting Charlton in 1953 when my father took me to a game (my mother came sometimes as well). My father was born in North Woolwich in 1908 and had been a Charlton supporter since the 1920s when an older cousin took him. 3 BILLION PRICE TAG WOULD DETER UNITED BUYERS The Glazers would want a premium, however. You have to persuade at least 50 per cent to sell up. So that’s the family. They would want a mark-up by at least 40 per cent, somewhere close to £3 billion. In addition, the banks will have “change of control” clauses in the lending arrangements they have with Manchester United. THE POLITICAL ECONOMY OF FOOTBALL V2 The authoritative Swiss Ramble has been reviewing the recently published 2019/20 accounts of Stoke City. The club’s pre-tax loss widened from £15m to £88m, as revenue dropped £21m (29%) from £71m to £50m and profit from player sales fell £15m (83%) from £18m to3m.
THE POLITICAL ECONOMY OF FOOTBALL V2 The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350.00m. The overall result is that the 44 clubs in England’s top two tiers of football will generate almost 6billion in revenue yet are highly likely to produce record economic losses close to £1billion in THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. WHY DOESN'T KROENKE WANT TO SELL? Why would Stan Kroenke not want to accept an improved offer for Arsenal that would double his money? This blog essay offers aninteresting
BT EXIT SIGNALS DECLINE IN PREMIER LEAGUE TV REVENUES BT exit signals decline in Premier League TV revenues. May 01, 2021. Telecoms group BT is seeking to sell its sports broadcasting arm. That would, in effect, remove one of the Premier League’s biggest TV partners from bidding for matches in future auctions. The move could encompass a full disposal of BT Sport, forming a joint venture or AS ROMA LOSE OVER €200M AS Roma lose over €200m. October 08, 2020. AS Roma will report a loss of €204 million for the 2019/20 season, the club have revealed in a message to the stock market. The results have been published just a few months after the Italian club were taken over by the American privately held consortium of businesses and investments The Friedkin WHY UNITED'S COMMERCIAL OPERATION IS IMPORTANT Manchester United have a particularly successful and sophisticated commercial operation. In the recent fans' forum, Joel Glazer explained that without a successful commercial operation, you cannot have a successful football club but admitted these interests may have come tothe fore too much.
SWANSEA PROFIT 'A NOTEWORTHY ACHIEVEMENT' Profit after tax was £1.7m. The fact that Swans managed to make a 3m profit is a noteworthy achievement. Only one other Championship club is also profitable in 2019/20 to date (Hull City £3m), while some have reported huge losses, including Leeds United £62m, Reading 42m, Middlesbrough £36m and WBA £23m. Swansea have now been PREMIER LEAGUE FUNDING OF EFL CLUBS I started supporting Charlton in 1953 when my father took me to a game (my mother came sometimes as well). My father was born in North Woolwich in 1908 and had been a Charlton supporter since the 1920s when an older cousin took him. 3 BILLION PRICE TAG WOULD DETER UNITED BUYERS The Glazers would want a premium, however. You have to persuade at least 50 per cent to sell up. So that’s the family. They would want a mark-up by at least 40 per cent, somewhere close to £3 billion. In addition, the banks will have “change of control” clauses in the lending arrangements they have with Manchester United. THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. OVER A BILLION SPENT ON GLAZERS' OWNERSHIP OF UNITED Over a billion spent on Glazers' ownership of United. May 04, 2021. The Swiss Ramble has been reviewing the finances of Manchester United under the ownership of the Glazers, In the last 15 years since the Glazers took control in 2005 Manchester United have generated an impressive £5.9 bn revenue, but had £5.4 bn expenses (including2.9 bn
WEST BROM LOSS IS SMALLER THAN PROMOTION RIVALS West Brom loss is smaller than promotion rivals. April 19, 2021. The Swiss Ramble analyses the 2019/20 accounts of West Bromwich Albion. The pre-tax loss widened from £7m to £23m, mainly due to promotion bonuses and COVID. Revenue fell £17m (24%) from £71m to £54m, while operating expenses increased £19m (22%), partly offset by profit on BLUES CONSISTENTLY LOSE MONEY Blues consistently lose money. May 05, 2021. The authoritative Swiss Ramble has given his verdict on the 2019/20 accounts of Birmingham City. The club's loss increased from £8.4m to £18.2m, as prior year included £17m profit on the sale of the stadium, partly BURNLEY RUN A TIGHT SHIP FINANCIALLY Burnley run a tight ship financially. April 03, 2021. Burnley 2020 accounts are out. Headlines: Revenue down 3%, wages up 16%, loss from day to day operations £15m but offset by player sale profits. No debt and over £80m in bank at 30 June 2020, reports Kieran Maguire of the PriceofFootball. Total income puts Burnley 15th in the income league AMERICAN OWNERS WILL 'HOPE FOR IT ALL BLOW OVER' American owners will 'hope for it all blow over'. May 03, 2021. Yesterday's dramatic scenes at Manchester United have captured plenty of media attention and reflected the frustration of the club's fans, but what impact will they have on the Glazers 3,000 miles away. For them, their commercial interests come first. CAN ATTACK ON SPONSORS HURT GLAZERS? The question of protests against sponsors has been raised before. Indeed, representatives of United and Nike, sponsors at the time, held talks about the potential revenue impact of boycotts when the Glazers took over the club in 2005. Supporter groups opposed to the takeover had called for boycotts of brands such as Audi, Vodafone, BudweiserNEW THREAT TO RAMS
New threat to Rams. It is being reported that the English Football League (EFL) have won an appeal relating to a Financial Fair Play charge brought against the Derby County in January last year regarding how the club amortises a player's contract. That was one of two charges put to the club, the other relating to the sale of Pride ParkStadium.
ABRAMOVICH SUES OVER CHELSEA CLAIMS Abramovich sues over Chelsea claims. May 03, 2021. Roman Abramovich is one of four Russian billionaires to sue publishers HarperCollins for defamation over a book about the rise of President Putin to power. Abramovich said his 'action was not taken lightly' and that the book contained 'false and defamatory statements' about him. WIGAN'S JOURNEY OUT OF ADMINISTRATION The Athletic has published a fascinating in depth account of the administration process at Wigan Athletic.I do find The Athletic good value with high standards of writing and I can recommend a subscription.. Here are a few highlights which show just how dire Wigan's situation was and it's good to see it resolved. 'There have been plenty of bumps in the road over the last eight and a half THE POLITICAL ECONOMY OF FOOTBALL V2 The authoritative Swiss Ramble has been reviewing the recently published 2019/20 accounts of Stoke City. The club’s pre-tax loss widened from £15m to £88m, as revenue dropped £21m (29%) from £71m to £50m and profit from player sales fell £15m (83%) from £18m to3m.
THE POLITICAL ECONOMY OF FOOTBALL V2 The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350.00m. The overall result is that the 44 clubs in England’s top two tiers of football will generate almost 6billion in revenue yet are highly likely to produce record economic losses close to £1billion in THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. WHY DOESN'T KROENKE WANT TO SELL? Why would Stan Kroenke not want to accept an improved offer for Arsenal that would double his money? This blog essay offers aninteresting
BT EXIT SIGNALS DECLINE IN PREMIER LEAGUE TV REVENUES BT exit signals decline in Premier League TV revenues. May 01, 2021. Telecoms group BT is seeking to sell its sports broadcasting arm. That would, in effect, remove one of the Premier League’s biggest TV partners from bidding for matches in future auctions. The move could encompass a full disposal of BT Sport, forming a joint venture or AS ROMA LOSE OVER €200M AS Roma lose over €200m. October 08, 2020. AS Roma will report a loss of €204 million for the 2019/20 season, the club have revealed in a message to the stock market. The results have been published just a few months after the Italian club were taken over by the American privately held consortium of businesses and investments The Friedkin WHY UNITED'S COMMERCIAL OPERATION IS IMPORTANT Manchester United have a particularly successful and sophisticated commercial operation. In the recent fans' forum, Joel Glazer explained that without a successful commercial operation, you cannot have a successful football club but admitted these interests may have come tothe fore too much.
SWANSEA PROFIT 'A NOTEWORTHY ACHIEVEMENT' Profit after tax was £1.7m. The fact that Swans managed to make a 3m profit is a noteworthy achievement. Only one other Championship club is also profitable in 2019/20 to date (Hull City £3m), while some have reported huge losses, including Leeds United £62m, Reading 42m, Middlesbrough £36m and WBA £23m. Swansea have now been PREMIER LEAGUE FUNDING OF EFL CLUBS I started supporting Charlton in 1953 when my father took me to a game (my mother came sometimes as well). My father was born in North Woolwich in 1908 and had been a Charlton supporter since the 1920s when an older cousin took him. ELK DID MAKE ARSENAL OFFER Spotify chief executive Danie Elk did make an offer to buy Arsenal, but was rebuffed by the club's owners. 'They replied that they didn't need the money,' Elk said. THE POLITICAL ECONOMY OF FOOTBALL V2 The authoritative Swiss Ramble has been reviewing the recently published 2019/20 accounts of Stoke City. The club’s pre-tax loss widened from £15m to £88m, as revenue dropped £21m (29%) from £71m to £50m and profit from player sales fell £15m (83%) from £18m to3m.
THE POLITICAL ECONOMY OF FOOTBALL V2 The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350.00m. The overall result is that the 44 clubs in England’s top two tiers of football will generate almost 6billion in revenue yet are highly likely to produce record economic losses close to £1billion in THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. WHY DOESN'T KROENKE WANT TO SELL? Why would Stan Kroenke not want to accept an improved offer for Arsenal that would double his money? This blog essay offers aninteresting
BT EXIT SIGNALS DECLINE IN PREMIER LEAGUE TV REVENUES BT exit signals decline in Premier League TV revenues. May 01, 2021. Telecoms group BT is seeking to sell its sports broadcasting arm. That would, in effect, remove one of the Premier League’s biggest TV partners from bidding for matches in future auctions. The move could encompass a full disposal of BT Sport, forming a joint venture or AS ROMA LOSE OVER €200M AS Roma lose over €200m. October 08, 2020. AS Roma will report a loss of €204 million for the 2019/20 season, the club have revealed in a message to the stock market. The results have been published just a few months after the Italian club were taken over by the American privately held consortium of businesses and investments The Friedkin WHY UNITED'S COMMERCIAL OPERATION IS IMPORTANT Manchester United have a particularly successful and sophisticated commercial operation. In the recent fans' forum, Joel Glazer explained that without a successful commercial operation, you cannot have a successful football club but admitted these interests may have come tothe fore too much.
SWANSEA PROFIT 'A NOTEWORTHY ACHIEVEMENT' Profit after tax was £1.7m. The fact that Swans managed to make a 3m profit is a noteworthy achievement. Only one other Championship club is also profitable in 2019/20 to date (Hull City £3m), while some have reported huge losses, including Leeds United £62m, Reading 42m, Middlesbrough £36m and WBA £23m. Swansea have now been PREMIER LEAGUE FUNDING OF EFL CLUBS I started supporting Charlton in 1953 when my father took me to a game (my mother came sometimes as well). My father was born in North Woolwich in 1908 and had been a Charlton supporter since the 1920s when an older cousin took him. ELK DID MAKE ARSENAL OFFER Spotify chief executive Danie Elk did make an offer to buy Arsenal, but was rebuffed by the club's owners. 'They replied that they didn't need the money,' Elk said. THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. OVER A BILLION SPENT ON GLAZERS' OWNERSHIP OF UNITED Over a billion spent on Glazers' ownership of United. May 04, 2021. The Swiss Ramble has been reviewing the finances of Manchester United under the ownership of the Glazers, In the last 15 years since the Glazers took control in 2005 Manchester United have generated an impressive £5.9 bn revenue, but had £5.4 bn expenses (including2.9 bn
WEST BROM LOSS IS SMALLER THAN PROMOTION RIVALS West Brom loss is smaller than promotion rivals. April 19, 2021. The Swiss Ramble analyses the 2019/20 accounts of West Bromwich Albion. The pre-tax loss widened from £7m to £23m, mainly due to promotion bonuses and COVID. Revenue fell £17m (24%) from £71m to £54m, while operating expenses increased £19m (22%), partly offset by profit on BLUES CONSISTENTLY LOSE MONEY Blues consistently lose money. May 05, 2021. The authoritative Swiss Ramble has given his verdict on the 2019/20 accounts of Birmingham City. The club's loss increased from £8.4m to £18.2m, as prior year included £17m profit on the sale of the stadium, partly BURNLEY RUN A TIGHT SHIP FINANCIALLY Burnley run a tight ship financially. April 03, 2021. Burnley 2020 accounts are out. Headlines: Revenue down 3%, wages up 16%, loss from day to day operations £15m but offset by player sale profits. No debt and over £80m in bank at 30 June 2020, reports Kieran Maguire of the PriceofFootball. Total income puts Burnley 15th in the income league AMERICAN OWNERS WILL 'HOPE FOR IT ALL BLOW OVER' American owners will 'hope for it all blow over'. May 03, 2021. Yesterday's dramatic scenes at Manchester United have captured plenty of media attention and reflected the frustration of the club's fans, but what impact will they have on the Glazers 3,000 miles away. For them, their commercial interests come first. CAN ATTACK ON SPONSORS HURT GLAZERS? The question of protests against sponsors has been raised before. Indeed, representatives of United and Nike, sponsors at the time, held talks about the potential revenue impact of boycotts when the Glazers took over the club in 2005. Supporter groups opposed to the takeover had called for boycotts of brands such as Audi, Vodafone, Budweiser WIGAN'S JOURNEY OUT OF ADMINISTRATION The Athletic has published a fascinating in depth account of the administration process at Wigan Athletic.I do find The Athletic good value with high standards of writing and I can recommend a subscription.. Here are a few highlights which show just how dire Wigan's situation was and it's good to see it resolved. 'There have been plenty of bumps in the road over the last eight and a half ABRAMOVICH SUES OVER CHELSEA CLAIMS Abramovich sues over Chelsea claims. May 03, 2021. Roman Abramovich is one of four Russian billionaires to sue publishers HarperCollins for defamation over a book about the rise of President Putin to power. Abramovich said his 'action was not taken lightly' and that the book contained 'false and defamatory statements' about him. US FUND TO TAKE MINORITY STAKE IN INTER US fund Oaktree Capital is to buy a 30 per cent stake in Inter Milan as part of a €275m deal. It is intended to shore up the Serie A club's finances after THE POLITICAL ECONOMY OF FOOTBALL V2 The authoritative Swiss Ramble has been reviewing the recently published 2019/20 accounts of Stoke City. The club’s pre-tax loss widened from £15m to £88m, as revenue dropped £21m (29%) from £71m to £50m and profit from player sales fell £15m (83%) from £18m to3m.
THE POLITICAL ECONOMY OF FOOTBALL V2 The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350.00m. The overall result is that the 44 clubs in England’s top two tiers of football will generate almost 6billion in revenue yet are highly likely to produce record economic losses close to £1billion in THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. BT EXIT SIGNALS DECLINE IN PREMIER LEAGUE TV REVENUES BT exit signals decline in Premier League TV revenues. May 01, 2021. Telecoms group BT is seeking to sell its sports broadcasting arm. That would, in effect, remove one of the Premier League’s biggest TV partners from bidding for matches in future auctions. The move could encompass a full disposal of BT Sport, forming a joint venture or OVER A BILLION SPENT ON GLAZERS' OWNERSHIP OF UNITED This has averaged £42m in the last five years. The £1.1 bn cost of financing the Glazers’ ownership is “only” 16% of £6.8 bn expenditure since June 2005, but it is a huge sum. It’s more than 1.0 bn spent (net) on players and could have been spent on improving the squad (or even the increasingly shabby Old Trafford). Where United SWANSEA PROFIT 'A NOTEWORTHY ACHIEVEMENT' Profit after tax was £1.7m. The fact that Swans managed to make a 3m profit is a noteworthy achievement. Only one other Championship club is also profitable in 2019/20 to date (Hull City £3m), while some have reported huge losses, including Leeds United £62m, Reading 42m, Middlesbrough £36m and WBA £23m. Swansea have now been AS ROMA LOSE OVER €200M AS Roma lose over €200m. October 08, 2020. AS Roma will report a loss of €204 million for the 2019/20 season, the club have revealed in a message to the stock market. The results have been published just a few months after the Italian club were taken over by the American privately held consortium of businesses and investments The Friedkin BLUES CONSISTENTLY LOSE MONEY Blues consistently lose money. May 05, 2021. The authoritative Swiss Ramble has given his verdict on the 2019/20 accounts of Birmingham City. The club's loss increased from £8.4m to £18.2m, as prior year included £17m profit on the sale of the stadium, partly DID BLADES PLAY IT TOO SAFE? Did Blades play it too safe? April 05, 2021. From his Zurich fastness, the authoritative Swiss Ramble casts his forensic eye over the 2019/20 accounts of Sheffield United. Following promotion the Blades swung from £21m pre-tax loss to £19m profit, a £40m improvement, as revenue shot up £122m from £21m to club record £143m, though profit EUROPEAN QUALIFICATION COULD BOOST WEST HAM European qualification could boost West Ham. March 12, 2021. The authoritative Swiss Ramble has been commenting on the recently reported accounts of West Ham United from his fastness in Zurich. Data; analysis; insight - he has it all. West Ham’s operating loss (excluding player sales and interest) more than doubled from £37m to85m, though
THE POLITICAL ECONOMY OF FOOTBALL V2 The authoritative Swiss Ramble has been reviewing the recently published 2019/20 accounts of Stoke City. The club’s pre-tax loss widened from £15m to £88m, as revenue dropped £21m (29%) from £71m to £50m and profit from player sales fell £15m (83%) from £18m to3m.
THE POLITICAL ECONOMY OF FOOTBALL V2 The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350.00m. The overall result is that the 44 clubs in England’s top two tiers of football will generate almost 6billion in revenue yet are highly likely to produce record economic losses close to £1billion in THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. BT EXIT SIGNALS DECLINE IN PREMIER LEAGUE TV REVENUES BT exit signals decline in Premier League TV revenues. May 01, 2021. Telecoms group BT is seeking to sell its sports broadcasting arm. That would, in effect, remove one of the Premier League’s biggest TV partners from bidding for matches in future auctions. The move could encompass a full disposal of BT Sport, forming a joint venture or OVER A BILLION SPENT ON GLAZERS' OWNERSHIP OF UNITED This has averaged £42m in the last five years. The £1.1 bn cost of financing the Glazers’ ownership is “only” 16% of £6.8 bn expenditure since June 2005, but it is a huge sum. It’s more than 1.0 bn spent (net) on players and could have been spent on improving the squad (or even the increasingly shabby Old Trafford). Where United SWANSEA PROFIT 'A NOTEWORTHY ACHIEVEMENT' Profit after tax was £1.7m. The fact that Swans managed to make a 3m profit is a noteworthy achievement. Only one other Championship club is also profitable in 2019/20 to date (Hull City £3m), while some have reported huge losses, including Leeds United £62m, Reading 42m, Middlesbrough £36m and WBA £23m. Swansea have now been AS ROMA LOSE OVER €200M AS Roma lose over €200m. October 08, 2020. AS Roma will report a loss of €204 million for the 2019/20 season, the club have revealed in a message to the stock market. The results have been published just a few months after the Italian club were taken over by the American privately held consortium of businesses and investments The Friedkin BLUES CONSISTENTLY LOSE MONEY Blues consistently lose money. May 05, 2021. The authoritative Swiss Ramble has given his verdict on the 2019/20 accounts of Birmingham City. The club's loss increased from £8.4m to £18.2m, as prior year included £17m profit on the sale of the stadium, partly DID BLADES PLAY IT TOO SAFE? Did Blades play it too safe? April 05, 2021. From his Zurich fastness, the authoritative Swiss Ramble casts his forensic eye over the 2019/20 accounts of Sheffield United. Following promotion the Blades swung from £21m pre-tax loss to £19m profit, a £40m improvement, as revenue shot up £122m from £21m to club record £143m, though profit EUROPEAN QUALIFICATION COULD BOOST WEST HAM European qualification could boost West Ham. March 12, 2021. The authoritative Swiss Ramble has been commenting on the recently reported accounts of West Ham United from his fastness in Zurich. Data; analysis; insight - he has it all. West Ham’s operating loss (excluding player sales and interest) more than doubled from £37m to85m, though
OVER A BILLION SPENT ON GLAZERS' OWNERSHIP OF UNITED This has averaged £42m in the last five years. The £1.1 bn cost of financing the Glazers’ ownership is “only” 16% of £6.8 bn expenditure since June 2005, but it is a huge sum. It’s more than 1.0 bn spent (net) on players and could have been spent on improving the squad (or even the increasingly shabby Old Trafford). Where United RESILIENT UNITED DIVI UP FOR GLAZERS Resilient United divi up for Glazers. March 09, 2021. The authoritative Swiss Ramble turns his forensic gaze to the latest accounts of Manchester United. Some highlights from his analysis follow. Despite the reduction, a £41m profit during the pandemic times represents an impressive achievement for Manchester United. BLUES CONSISTENTLY LOSE MONEY Blues consistently lose money. May 05, 2021. The authoritative Swiss Ramble has given his verdict on the 2019/20 accounts of Birmingham City. The club's loss increased from £8.4m to £18.2m, as prior year included £17m profit on the sale of the stadium, partly WEST BROM LOSS IS SMALLER THAN PROMOTION RIVALS West Brom loss is smaller than promotion rivals. April 19, 2021. The Swiss Ramble analyses the 2019/20 accounts of West Bromwich Albion. The pre-tax loss widened from £7m to £23m, mainly due to promotion bonuses and COVID. Revenue fell £17m (24%) from £71m to £54m, while operating expenses increased £19m (22%), partly offset by profit on 3 BILLION PRICE TAG WOULD DETER UNITED BUYERS The Glazers would want a premium, however. You have to persuade at least 50 per cent to sell up. So that’s the family. They would want a mark-up by at least 40 per cent, somewhere close to £3 billion. In addition, the banks will have “change of control” clauses in the lending arrangements they have with Manchester United. PREMIER LEAGUE FUNDING OF EFL CLUBS I started supporting Charlton in 1953 when my father took me to a game (my mother came sometimes as well). My father was born in North Woolwich in 1908 and had been a Charlton supporter since the 1920s when an older cousin took him. SOUND FINANCES AT BURNLEY Sound finances at Burnley. The Zurich-based Swiss Ramble reviews the 2019/20 accounts of Burnley FC. Profit before tax dropped from £5m to break-even, mainly due to COVID impact, including an additional month of expenses. Revenue fell £4m (3%) from £138m to £134m and expenses increased £9m, though profit on player sales rose £8m to £15m. CAN ATTACK ON SPONSORS HURT GLAZERS? The question of protests against sponsors has been raised before. Indeed, representatives of United and Nike, sponsors at the time, held talks about the potential revenue impact of boycotts when the Glazers took over the club in 2005. Supporter groups opposed to the takeover had called for boycotts of brands such as Audi, Vodafone, Budweiser BURNLEY RUN A TIGHT SHIP FINANCIALLY Burnley run a tight ship financially. April 03, 2021. Burnley 2020 accounts are out. Headlines: Revenue down 3%, wages up 16%, loss from day to day operations £15m but offset by player sale profits. No debt and over £80m in bank at 30 June 2020, reports Kieran Maguire of the PriceofFootball. Total income puts Burnley 15th in the income league THE DECLINE AND FALL OF IPSWICH TOWN The decline and fall of Ipswich Town. March 02, 2021. An old school friend from across the county border in Essex who lives in Orkney these days became an Ipswich supporter when he lived and worked there so I have always followed what is happening to them with interest. Under Sir Alf Ramsey Ipswich Town won the Football League title in1961-2.
THE POLITICAL ECONOMY OF FOOTBALL V2 The authoritative Swiss Ramble has been reviewing the recently published 2019/20 accounts of Stoke City. The club’s pre-tax loss widened from £15m to £88m, as revenue dropped £21m (29%) from £71m to £50m and profit from player sales fell £15m (83%) from £18m to3m.
THE POLITICAL ECONOMY OF FOOTBALL V2 The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350.00m. The overall result is that the 44 clubs in England’s top two tiers of football will generate almost 6billion in revenue yet are highly likely to produce record economic losses close to £1billion in THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. BT EXIT SIGNALS DECLINE IN PREMIER LEAGUE TV REVENUES BT exit signals decline in Premier League TV revenues. May 01, 2021. Telecoms group BT is seeking to sell its sports broadcasting arm. That would, in effect, remove one of the Premier League’s biggest TV partners from bidding for matches in future auctions. The move could encompass a full disposal of BT Sport, forming a joint venture or OVER A BILLION SPENT ON GLAZERS' OWNERSHIP OF UNITED This has averaged £42m in the last five years. The £1.1 bn cost of financing the Glazers’ ownership is “only” 16% of £6.8 bn expenditure since June 2005, but it is a huge sum. It’s more than 1.0 bn spent (net) on players and could have been spent on improving the squad (or even the increasingly shabby Old Trafford). Where United SWANSEA PROFIT 'A NOTEWORTHY ACHIEVEMENT' Profit after tax was £1.7m. The fact that Swans managed to make a 3m profit is a noteworthy achievement. Only one other Championship club is also profitable in 2019/20 to date (Hull City £3m), while some have reported huge losses, including Leeds United £62m, Reading 42m, Middlesbrough £36m and WBA £23m. Swansea have now been AS ROMA LOSE OVER €200M AS Roma lose over €200m. October 08, 2020. AS Roma will report a loss of €204 million for the 2019/20 season, the club have revealed in a message to the stock market. The results have been published just a few months after the Italian club were taken over by the American privately held consortium of businesses and investments The Friedkin BLUES CONSISTENTLY LOSE MONEY Blues consistently lose money. May 05, 2021. The authoritative Swiss Ramble has given his verdict on the 2019/20 accounts of Birmingham City. The club's loss increased from £8.4m to £18.2m, as prior year included £17m profit on the sale of the stadium, partly DID BLADES PLAY IT TOO SAFE? Did Blades play it too safe? April 05, 2021. From his Zurich fastness, the authoritative Swiss Ramble casts his forensic eye over the 2019/20 accounts of Sheffield United. Following promotion the Blades swung from £21m pre-tax loss to £19m profit, a £40m improvement, as revenue shot up £122m from £21m to club record £143m, though profit EUROPEAN QUALIFICATION COULD BOOST WEST HAM European qualification could boost West Ham. March 12, 2021. The authoritative Swiss Ramble has been commenting on the recently reported accounts of West Ham United from his fastness in Zurich. Data; analysis; insight - he has it all. West Ham’s operating loss (excluding player sales and interest) more than doubled from £37m to85m, though
THE POLITICAL ECONOMY OF FOOTBALL V2 The authoritative Swiss Ramble has been reviewing the recently published 2019/20 accounts of Stoke City. The club’s pre-tax loss widened from £15m to £88m, as revenue dropped £21m (29%) from £71m to £50m and profit from player sales fell £15m (83%) from £18m to3m.
THE POLITICAL ECONOMY OF FOOTBALL V2 The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350.00m. The overall result is that the 44 clubs in England’s top two tiers of football will generate almost 6billion in revenue yet are highly likely to produce record economic losses close to £1billion in THE POLITICAL ECONOMY OF FOOTBALL V2 St Johnstone is a good example of a club run prudently that lives within its means, reports Kieran Maguire of the Price of Football. Despite the impact of Covid they lost only lost £20k in 2019/20 and had the security of £2.8m in the bank at end of season St. Johnstone did make some staff redundant as a result of Covid. BT EXIT SIGNALS DECLINE IN PREMIER LEAGUE TV REVENUES BT exit signals decline in Premier League TV revenues. May 01, 2021. Telecoms group BT is seeking to sell its sports broadcasting arm. That would, in effect, remove one of the Premier League’s biggest TV partners from bidding for matches in future auctions. The move could encompass a full disposal of BT Sport, forming a joint venture or OVER A BILLION SPENT ON GLAZERS' OWNERSHIP OF UNITED This has averaged £42m in the last five years. The £1.1 bn cost of financing the Glazers’ ownership is “only” 16% of £6.8 bn expenditure since June 2005, but it is a huge sum. It’s more than 1.0 bn spent (net) on players and could have been spent on improving the squad (or even the increasingly shabby Old Trafford). Where United SWANSEA PROFIT 'A NOTEWORTHY ACHIEVEMENT' Profit after tax was £1.7m. The fact that Swans managed to make a 3m profit is a noteworthy achievement. Only one other Championship club is also profitable in 2019/20 to date (Hull City £3m), while some have reported huge losses, including Leeds United £62m, Reading 42m, Middlesbrough £36m and WBA £23m. Swansea have now been AS ROMA LOSE OVER €200M AS Roma lose over €200m. October 08, 2020. AS Roma will report a loss of €204 million for the 2019/20 season, the club have revealed in a message to the stock market. The results have been published just a few months after the Italian club were taken over by the American privately held consortium of businesses and investments The Friedkin BLUES CONSISTENTLY LOSE MONEY Blues consistently lose money. May 05, 2021. The authoritative Swiss Ramble has given his verdict on the 2019/20 accounts of Birmingham City. The club's loss increased from £8.4m to £18.2m, as prior year included £17m profit on the sale of the stadium, partly DID BLADES PLAY IT TOO SAFE? Did Blades play it too safe? April 05, 2021. From his Zurich fastness, the authoritative Swiss Ramble casts his forensic eye over the 2019/20 accounts of Sheffield United. Following promotion the Blades swung from £21m pre-tax loss to £19m profit, a £40m improvement, as revenue shot up £122m from £21m to club record £143m, though profit EUROPEAN QUALIFICATION COULD BOOST WEST HAM European qualification could boost West Ham. March 12, 2021. The authoritative Swiss Ramble has been commenting on the recently reported accounts of West Ham United from his fastness in Zurich. Data; analysis; insight - he has it all. West Ham’s operating loss (excluding player sales and interest) more than doubled from £37m to85m, though
OVER A BILLION SPENT ON GLAZERS' OWNERSHIP OF UNITED This has averaged £42m in the last five years. The £1.1 bn cost of financing the Glazers’ ownership is “only” 16% of £6.8 bn expenditure since June 2005, but it is a huge sum. It’s more than 1.0 bn spent (net) on players and could have been spent on improving the squad (or even the increasingly shabby Old Trafford). Where United RESILIENT UNITED DIVI UP FOR GLAZERS Resilient United divi up for Glazers. March 09, 2021. The authoritative Swiss Ramble turns his forensic gaze to the latest accounts of Manchester United. Some highlights from his analysis follow. Despite the reduction, a £41m profit during the pandemic times represents an impressive achievement for Manchester United. BLUES CONSISTENTLY LOSE MONEY Blues consistently lose money. May 05, 2021. The authoritative Swiss Ramble has given his verdict on the 2019/20 accounts of Birmingham City. The club's loss increased from £8.4m to £18.2m, as prior year included £17m profit on the sale of the stadium, partly WEST BROM LOSS IS SMALLER THAN PROMOTION RIVALS West Brom loss is smaller than promotion rivals. April 19, 2021. The Swiss Ramble analyses the 2019/20 accounts of West Bromwich Albion. The pre-tax loss widened from £7m to £23m, mainly due to promotion bonuses and COVID. Revenue fell £17m (24%) from £71m to £54m, while operating expenses increased £19m (22%), partly offset by profit on 3 BILLION PRICE TAG WOULD DETER UNITED BUYERS The Glazers would want a premium, however. You have to persuade at least 50 per cent to sell up. So that’s the family. They would want a mark-up by at least 40 per cent, somewhere close to £3 billion. In addition, the banks will have “change of control” clauses in the lending arrangements they have with Manchester United. PREMIER LEAGUE FUNDING OF EFL CLUBS I started supporting Charlton in 1953 when my father took me to a game (my mother came sometimes as well). My father was born in North Woolwich in 1908 and had been a Charlton supporter since the 1920s when an older cousin took him. SOUND FINANCES AT BURNLEY Sound finances at Burnley. The Zurich-based Swiss Ramble reviews the 2019/20 accounts of Burnley FC. Profit before tax dropped from £5m to break-even, mainly due to COVID impact, including an additional month of expenses. Revenue fell £4m (3%) from £138m to £134m and expenses increased £9m, though profit on player sales rose £8m to £15m. CAN ATTACK ON SPONSORS HURT GLAZERS? The question of protests against sponsors has been raised before. Indeed, representatives of United and Nike, sponsors at the time, held talks about the potential revenue impact of boycotts when the Glazers took over the club in 2005. Supporter groups opposed to the takeover had called for boycotts of brands such as Audi, Vodafone, Budweiser BURNLEY RUN A TIGHT SHIP FINANCIALLY Burnley run a tight ship financially. April 03, 2021. Burnley 2020 accounts are out. Headlines: Revenue down 3%, wages up 16%, loss from day to day operations £15m but offset by player sale profits. No debt and over £80m in bank at 30 June 2020, reports Kieran Maguire of the PriceofFootball. Total income puts Burnley 15th in the income league THE DECLINE AND FALL OF IPSWICH TOWN The decline and fall of Ipswich Town. March 02, 2021. An old school friend from across the county border in Essex who lives in Orkney these days became an Ipswich supporter when he lived and worked there so I have always followed what is happening to them with interest. Under Sir Alf Ramsey Ipswich Town won the Football League title in1961-2.
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THE BURY SAGA
August 29, 2019
There is nothing surprising about a lower league club encountering financial problems. The 20 clubs in the Premier League made operating profits of £900m before transfers in the 2017/18 season. The 72 clubs in the EFL made combined losses of £411m in the same period.Being a club in the Manchester conurbation with its two top Premier League sides is not easy. Bury have been in financial trouble before. In 2002 I remember being one of many football fans who donated £10 in return for having my name put on a seat.However, clearly there has been mismanagement in the case of Bury. The _Financial Times_ has described it as 'a case of speculative property finance intruding on the word of lower division football where simply running a team rarely provides returns.'Previous owner Stewart Day was the sole director of a company called Mederco Ltd. It entered into leases on the car park that the club owned on the Gigg Lane stadium. The spaces were the subleased to retail investors fo…Share
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BURY EXPELLED
August 27, 2019
Bury have been expelled from the Football League after a takeover bid collapsed. They are the first club to be thrown out since Maidstone United in 1992.Whether they can be reformed at a lower level remains to be seen, but this is a sad day for Bury fans and football.An EFL statement said that the decision was taken after a 'long and detailed discussion': StatementShare
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BURY PURCHASERS WITHDRAWAugust 27, 2019
The prospective purchasers of Bury FC, C & N Sporting Risk, have withdrawn their interest in buying the club: No sale A statement from C & N Sporting Risk said: 'As part of our due diligence, we set ourselves a list of key criteria regarding the CVA, the ground and the overall financial state of the club that had to be met in order for us to be satisfied that we have enough knowledge to proceed with the takeover'.The EFL has said that it will continue discussions with Bury ahead of the 5 pm deadline for their expulsion, but the prospect isbleak.
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PUTTING BURY'S PLIGHT IN CONTEXTAugust 27, 2019
David Conn points out that Bury's plight reflects the economic vulnerabilities of the surrounding town and notes that the club has been beset by financial instability for some time: Bury's dilemmaShare
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BOLTON FACES LIQUIDATIONAugust 26, 2019
Bolton Wanderers face liquidation after the takeover deal for the club collapsed. The administrators say that it cannot go on trading: Bolton crisis worsens It would seem that the rogue owner's terms proved too onerous for the buyers. Everyone signed up on Saturday except his solicitor.In a statement the administrator said, 'On Sunday evening, there was some tentative dialogue but we are still some way from reaching a solution. Therefore, I am appealing to those parties whose position seems intractable to do everything to reach a compromise.'Kieran Maguire of the PriceofFootball has commented, 'Why did the EFL allow a man previously banned from being a company director acquire the club, then pay himself £525k and £125k to his son for ‘consultancy’ as well as borrow money at 24% ayear?'
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NETFLIX SERIES MIGHT HAVE INSPIRED SUNDERLAND BUYERSAugust 25, 2019
The American investors seeking to buy Sunderland are thought to have recognised the potential of the club from the Netflix documentary that followed their struggles in 2017-18. The eight part series received considerable media coverage in the United States.The takeover could be completed within a fortnight. Stewart Donald who bough the club last year with a 74 per cent stake will remain in the board with a reduced holding.Michael Dell, who founded Dell Technologies and is said to be worth £25 billion, will be a passive minority investor.The bid for Sunderland is even more impressive when one considers that buyers of English football clubs are scarce. Chinese interest has dried up. Newcastle, Crystal Palace and Chelsea are reportedly for sale while Leeds United have considered offers.Share
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BOLTON FACE EXPULSIONAugust 25, 2019
With Bury hopeful of a takeover deal by the new deadline on Tuesday evening that will save them from extinction, the focus now turns back to Bolton Wanderers. Unless they can sort out their takeover deal by Tuesday evening or show a credible plan for surviving the season in administration, this historic club also faces being thrown out of the Football League: Bolton under threat The attendance at their home game against Ipswich which they lost 0-5 was the lowest ever since they left Burnden Park.In the wake of events at Bury the Football Supporters' Association have renewed their call for more effective regulation of the game: Need for actionShare
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ABOUT ME
* Wyn Grant
I started supporting Charlton in 1953 when my father took me to a game (my mother came sometimes as well). My father was born in North Woolwich in 1908 and had been a Charlton supporter since the 1920s when an older cousin took him. He raised the admission fee by looking after horses while deliveries were made. I now live in Leamington in Warwickshire, but remain a season ticket holder, as was my late wife. Visitors to my CAP blog may be confused by this but, as well as being a Charlton supporter, I am expert on the CAP and the political economy of the food chain. I am also a frequent commentator for UK and international print and broadcast media and wire services on British politics, hence my new blog on the subject.Visit profile
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