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Torquay faces financial problems

Even leaving aside the likelihood of relegation to the Conference, Torquay United have been facing a difficult financial situation as they seek to attract new investment.

Great variability in Championship finances

Only five out of twenty-four Championship clubs made a profit before tax in 2012/13.   However, there is great variability in club finances.

There is a very wide range of income (£9-35M) and losses in the division which in turn support a wide range of costs (£10-51M). Low revenue and low losses means a low cost base which virtually guarantees a relegation fight. However, higher up the league table there is simply no clear correlation between costs and on pitch performance. A cost base of c. £20M has served Palace, Watford, Burnley and Derby well.

The state of Northants football

Football in Northamptonshire is in a bad way.  Northampton Town, who enjoyed a brief spell in the top flight, are threatened with relegation to the Conference.   Rushden and Diamonds, the product of one man's vision, are no more (apart from a phoenix club) having reached League 1.   Their Nene Park stadium lies quietly rusting, perhaps to be eventually replaced by housing.

Money is the main problem for United

The manager is the football version of the Aztecan human sacrifice, suggests the Financial Times today. Median tenure for managers in England's top division has dropped from 1,233 days in the 1970s to 497 days in the past two decades.

Moyes compensation will be limited

Compensation for David Moyes is likely to be limited to one year of his six year contract when he is replaced later today.   Moyes is reported to have arrived at the Carrington training ground at 5 a.m. in a club car.

An announcement would need to be made by 2.30 p.m. BST when the New York stock exchange opens to meet Securities and Exchange Commission rules.    The relatively limited compensation would be justified by a failure to meet performance targets.

Villa sale rumours persist

A statement by Aston Villa owner Randy Lerner has done little to quell rumours of a possible takeover. Lerner has said that he will address the sale issue in the summer as he does not want to distract the club as it ensures that it is safe from relegation.

Lerner has been seen at matches rarely over the past two years.   Following a change in his personal life, he spends more time in the United States.  He seems to have lost his affection for English football.

Cellino would be banned under new government rules

Exasperation with the ineffectiveness of the Football League's test for directors of football clubs is one factor has led Business Secretary Vince Cable to formulate new rules to ban 'dodgy directors'.   Those who have committed purely commercial offences would be banned under the new rules.

Possible tv sports rights shake up

Ofcom is to review whether BSkyB should have to offer its key sports channels to its rivals.  Sky currently has to offer Sky Sports 1 and 2 at a set price to rivals including Virgin Media and BT Vision because it is deemed to hold a dominant position in the market for premium sports rights.  A new review has now begun into whether such remedies are still appropriate, given changes in the market, such as BT's investment in sports coverage.

Manchester City has best paid players in sport

Manchester City has the best paid players in sport according to a new report.   Their average pay packet is just over £100k a week.   The next two top spots are occupied by Real Madrid and Barcelona.

Football clubs take six of the ten top slots.  Four other Premier League clubs are in the top twenty: Arsenal, Chelsea, Liverpool and Manchester United.

Liquidation threat lifted at Hearts

The threat of liquidation has lifted from Hearts after failed Lithuanian bank Ukio Bankas agreed to sell its shares in the club for a reported £2.5m.   The bank was the club's biggest creditor and held 29 per cent of the shares as well as security over the stadium.   Hearts should now be able to come out of administration before too long.