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Football Finance

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Manchester City freed of FFP penalties

Manchester City have had the penalties imposed on them for breach of Uefa's financial fair play rules lifted.   They have been subject to limits on transfer spending and Champions League squad size.  Paris Saint-Germain have also had their sanctions removed.

City were also fined £49m spread over three years, but only the first £16.3m has had to be paid,

Premier League boosts economy

There's a certain amount of boosterism going on in this report from Ernst & Young on the economic contribution of the Premier League and it would be interesting to check some of the methodology.  For example, do the figures on tax treat VAT in gross or net terms?

Win-win on Cech deal

Petr Cech's move to Arsenal has been portrayed as something of a psychological blow for Chelsea, a shift in the centre of gravity of London football across the capital from west to north.   However, this article reckons that the deal makes good financial sense - for Arsenal as well as for Chelsea.

Northampton Town set for foreign takeover

Northampton Town is a quintessentially Middle England club, but it looks set for a takeover by an Indian consortium as foreign investors reach into the lower levels of the Football League.

Standard Liege sold

Roland Duchatelet has sold Standard Liege to the club's vice-president Bruno Venanzi.   He co-founded an energy company which specialises in green tariffs in 2003.   So far 83 per cent of Standard fans voting in an online poll have welcomed the news.

Court hits financial fair play rules

The Euroean Union's Court of First Instance has struck a blow at Uefa's financial fair play (FFP) rules, reinforcing the widely held belief that the rules lack a strong legal foundation.

What has happened about QPR fine?

Everything has gone quiet for some time now on the prospect of QPR receiving a massive fine for breaching financial fair play (FFP) regulations.   This suggests that negotiations are going on behind the scenes in the search for an acceptable compromise.

QPR have made it clear for some time that they would be willing to mount a legal challenge to a substantial fine.  We have argued for some time that the FFP regulations would probably not stand up to scrutiny in the courts, particularly in terms of competition law.

The downfall of Reading

This writer provides an interesting in depth look at how Reading lost their status as fianancial paragons. Under John Madejski they had a distinct identity and character which differentiated them from other clubs. What happened is an object lesson in how one rogue owner can unsettle a club.

Hartlepool takeover completed

The takeover of Hartlepool United by JPNG has been completed and approved by the Football League. JPNG are a specialist recruitment company with clients in Dubai and the UAE as well as the UK.

Former owners Increased Oil Recovery were in charge for 18 years.  The newly formed Supporters' Trust has welcolmed the takeover.

A closed Premier League?

Could the Premier League become a super league with no promotion and relegation in the future?  This scenario is discussed here.

The article also talks about mergers between clubs.   The absence of a mergers as a rationalisation device is something that distinguishes football from other economic sectors.   They do happen occasionally at non-league level.   They are rare above that level, although Inverness Caledonian Thistle is a successful example.