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Football Finance

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Oldham Athletic face winding up petition

Oldham Athletic face a winding-up petition today brought by HM Revenue and Customs, although claim the matter has been resolved.

A statement on the clubs' website said, 'We are aware of the winding up petition brought by HMRC scheduled for Monday June 20 and our legal advisors are dealing with it,  The liability on which the petition is based was paid in full last month.'

Last December the club had difficulty in paying their players and they were paid late for three months.

Big plans for Bangor City

A Cheshire-based consortium that has taken over Bangor City has big plans for the North Wales club, They plan to pump in at least £100,000 a year as they seek to end the domination of the Welsh Premier Leage by The New Sants.   The real attraction is perhaps not the WPL title, but the chance of Champions League football.

Euro 2016 'Brexit' threat to pubs

There's another 'Brexit' threat in the offing, an early exit by the home teams from the Euro 2016 championships could hit pub takings.   Owners are hoping the teams will 'Remain'.

Of course, England could be expelled if there are further clashes involving their fans, although it was interesting to see the Russian sports minister appluading his fans after their hooligans had launched an attack on English fans.

Forest takeover may hit snags

Greek shipping magnate Evangelos Mariankis has been linked with taking a majority stake in Nottingham Forest for some time now.    Some reports suggest that a deal to acquire a 80 per cent holding may be imminent.

Mariankis is the owner of the Piraeus based team Olympiakos.   They have been crowned champions for six consecutive years, this year by a record 28 points.

Hong Kong buyer for Birmingham City

A Hong Kong-based businessman, Paul Suen, is poised to buy a majority stake in Birmingham City.  He intends to buy at least 60 per cent of the club through his company, Trillion Trophy Asia.  This appears to be an investment vehicle set up for the occasion.

Mr Suen is an active investor in small listed companies in Hong Kong.

The sale, expected to be completed before the end of September, values the Blues at £37m.  It would end the seven year tenure of Carson Yeung, the Hong Kong businessman and convicted money launderer.

Footballers take top two places in sports rich list

Cristiano Ronaldo and Lionel Messi take the top two places in the latest Forbes sport rich list, but they are the only two footballers in the top twenty.   The list is dominated by US sportsmen.   Ronaldo earned $56m in salary and a further $32m in endorsements over the past year.

Ronaldo has a sportswear sponsorship deal with Nike, which has launched a clothing brand called CR7, after his initials and shirt number, and he has signed partnerships with watchmaker Tag Heuer and nutriton supplements group Herbalife.

Chinese group takes majority stake in Inter Milan

Chinese appliance retailer Suning Commerce Group has agreed to pay €270m for a 70 per cent stake in Inter Milan.   The retailer is already active in domestic Chinese football.

Ex-owner , Indonesian businessman Erick Thohir, remains as president with a reduced stake of 31 per cent.   The club is thus entirely in foreign hands for the first time.

American owners at Swansea

The takeover of Swansea City by an American investment group was completed yesterday.  The consortium is fronted by Jason Levein and Steve Kaplan, who have extensive experience in American sports.

Villa top Midlands finance table

They may have been relegated, but Aston Villa top a new football finance table of Midland Premiership and Championship clubs.  The table was compiled by Deloitte and is based on revenues earned.  If nothing else, it shows the potential of Villa to bounce back.

Revenues grow in Leagues 1 and 2

The latest Deloitte Sports Business report shows that a 14% fall in League 1 revenues was primarily due to the absence of Wolverhampton Wanderers, whose revenue comprised 22% of the division's total in the previous season.  The 17 clubs present in Leaguie 1 in both 2013/14 and 2014/15 grew combined revenues by 6%.  League 2 clubs' revenues were 5% higher than in 2013/14.