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Ben Hayes - Charlton Athletic programme

Football Finance


The green and gold revolt grows

If this report is to believed the green-and-gold revolt of Manchester United fans in the colours of predecessor team Newton Heath is growing.

Dream ends at County as Eriksson leaves

The dream of promotion to the Premiership in five seasons has finally ended at Notts County with the sale of the club and the departure of Sven-Goran Eriksson.   The Swede will stay on in the purely honorary role of joint life president.

Everton take a fresh look at Goodison

The 118-year old Goodison Park stadium is not the easiest place to play at as Chelsea found last night.  With their plans to move to a new 50,000-capacity stadium at Kirkby effectively vetoed by the government, Everton are taking a fresh look at rehabilitating their traditional home.  They have talked to developers and landowners and brought in an architect who has not been involved with the club before to come up with some ideas.

Three clubs get reprieves

Three clubs got temporary reprieves from winding up orders today - Portsmouth in the Premiership, Cardiff City in the Championship and Southend United in League 1.   Of the three the club in greatest peril remains Portsmouth who are on their fourth owner this season.

Is there hope for Liverpool fans?

A Liverpool fan came to see me the other day and reasonably asked why Hicks and Gillett had sold their stakes in North American sports businesses ahead of selling Liverpool.  It seems that the American duo are determined to get the best possible price for Liverpool, although they are under some pressure from the Royal Bank of Scotland to sell up.   There are a number of potenial buyers in the offing, but one could person who could certainly afford to conclude a deal is the richest man in India and the seventh richest person in the world:

City move out of town

Both of England's two leading university towns, Oxford and Cambridge, each have two non-league clubs. In the case of Oxford, Oxford United (formerly Headington United reflecting the location of their old ground) were at one time in the top flight of English football. They are now playing in the Conference and are top on goal difference with hopes of returning to the Football League next season.

Bond Market Gives Thumbs Down To United

Things may be looking up on the pitch for Manchester United, but the market doesn't like their bonds very much. Of course, the club has already trousered the money, but they may find it more challenging if they come back to the market in the future. The bonds have become one of the worst performers this year. Of course, they were mainly bought for the interest 'coupon' rather than capital gain. However, the sterling bonds have fallen to just 93 per cent of the value. If the investor had splashed out around £100,000, they would have already made a paper loss of £5,000.

Canaries Spell Out Reasons Behind Debt

The EDP has reported on the delayed AGM at Norwich City Football Club. In what appeared to be very frank and open meeting with the club's shareholders, the NCFC hierarchy outlined "the financial fall from grace which has run parallel with the rise and fall of the club's fortunes on the football field."

Don't Be Ridiculous Says United Supremo

Manchester United chief executive David Gill has criticised fans planning a protest at the Champions League match against AC Milan on 10 March. Concerned by the debt the club has built up under the Glazers, a number of fans plan to enter the ground 10 minutes after kick off to expose empty seats at the ground with millions of people watching around the world. Gill told Radio 5, '[The protest] serves no purpose and it won't change a thing.