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European Leagues

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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.

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.

Uefa may target United and Real debt

Uefa is considering changes in its financial fair play regulations which would target the amount of debt accumulated by clubs.   This would hit Manchester United and Real Madrid in particular.

Celtic and Arsenal at top of financial strength league

Celtic and Arsenal hold top positions in a new football financial strength league of 44 European clubs devised by S&P Capital IQ.  While Celtic top the league, Glasgow rivals Rangers are bottom and are held up as an example of how things can go wrong on and off the pitch.

Can Indonesian tycoon turn Inter around?

Inter Milan has had a difficult patch since winning the Champions League in 2010.  It has finished no higher than fifth in Serie A in the past three years and has fallen to 15th in the latest Football Money League from Deloitte.

Indonesian tycoon Erick Thohir now owns 70 per cent of the club (with business partner Handy Soetedjo) and is aiming to make it one of the top ten revenue earning clubs again and a contender in the Champions League.

Liverpool may face FFP sanctions

Liverpool may pay a penalty for their return to the Champions League in the form of financial fair play sanctions.   They are expecting £7m in prize money next month, but the payment would be withheld if they are referred to Uefa's Club Financial Control Body.  

Funding problems for Spanish clubs

Almeria are having difficulty in funding a new training complex as Spanish banks are reluctant to lend money to clubs because of their high level of debt.

Almeria president Alfonso Garcia also complains about the high level of tax that Spanish clubs have to pay given the extent to which they contribute to Spain's international profile. He is also upset by the way in which the tax authorities chase unpaid debts, but this is hardly surprising given Spain's problems.

Do agents meet a need?

Intermediaries are never popular in any market.   They increase transaction costs for buyers and sellers. Estate agents always come near the bottom of any popularity poll for occupations, although their position in the market is being eroded by new technology.

El Tel kicks off football fund

Terry Venables is a larger than life character from the school of hard knocks typical of an earlier generation of managers perhaps best represented today by Harry Redknapp or new Palace manager Neil Warnock.

'My league's bigger than yours'

Professor Simon Chadwick takes a look at the thorny issue of which is the biggest league in European football.   Although the conclusions are not surprising, the evidence and its appraisal are interesting.