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Football Finance

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Rangers bid talks

Dave King, who in conjunction with two other businessmen, is seeking to make a £16m bid for Rangers has been in talks with influential shareholder Sandy Easdale.   King needs the support of 75 per cent of shareholders and Easdale controls 26 per cent of the voting shares.    King is said to be open to a deal which would avoid dilution of the stakes of existing shareholders.

How much cash does Arsenal have to spend?

At last week's annual general meeting Arsenal chief executive Ivan Gazidis insisted that it is 'quite untrue to suggest the club is sitting on a huge cash pile that it is refusing to use.'   He claims that the amount available to spend is much lower than has previously been suggested with a figure of £20m being mentioned.   That would hardly be enough to shore up the defence in the way that most commentators agree is needed.

Do Hull have financial worries?

Most clubs would be pleased with a profit of £9.4m on a turnover of £84.8m.  Indeed, by the standards of football the latest financial results from Hull City represent an exceptional performance.

Admittedly, the figures are for an eleven month period to 30 June so that if one added in July the figure would reduce to £3.3m.   That would be wiped out by the £4m of FA Cup revenue obtained by the finalists.

League of Ireland in trouble

League of Ireland clubs continue to face big financial challenges.   A number of clubs have gone bankrupt and others have only just survived.   Bray Wanderers (a club whose ground I have visited) are the latest club in trouble.

Bayern aim to be world's richest club

Bayern Munich aim to be the world's richest club and their latest financial results show that they are well on the way there.  On a turnover of £417m they recorded a prodit of £13m.   20 per cent of their revenue came from merchandise sales.

Unlike rivals Manchester United and Real Madrid, they are free of debt.

Watching football gets more expensive

The BBC has brought out its latest price of football study and reports that the cost of the cheapest ticket in all four divisions has increased at twice the rate of inflation since 2011.   Of course, the rate of inflation is an average figure and some goods and services go up at a higher rate and others at a lower rate, but that's not much consolation for football fans.

Uefa urged not to penalise wealthy benefactors

Uefa have been urged by Manchester City not to penalise wealthy benefactors under their financial fair play (FFP) rules.   The meeting with Uefa president Michel Platini was also attended by Paris Saint Germain who, along with City, have received the heaviest penalties so far under the FFP rules.

Dupont ups financial fair play challenge

Jean Louis-Dupont was the Belgian lawyer who won the Bosman case which transformed football.  More recently, he has been taking on Uefa's financial fair play (FFP) rules.

The argument he is putting forward, which we think has some credence, is that by limiting investment FFP is violating European competition law and that the exemptions Uefa may call upon do not apply.  A range of plaintiffs have joined the action including football agents and the Manchester City supporters club.

Bolton for sale

Bolton Wanderers is for sale to the right purchaser, but the question is whether any purchaser can be found.  Not only are the club bottom of the Championship, but they are £160m in debt.

More turmoil at Rangers

There has been more turmoil at Rangers after Newcastle United owner Mike Ashley called for a special shareholders' meeting to remove two senior executives from the board.   His targets are chief executive Graham Wallace, a former chief executive of Manchester City who has been in post for less than a year, and Philip Nash, a former finance of director of Liverpool, who has been on the board for less than three months as a consultant director.