Skip to main content

"If you want some accessible but informative insight into football then I suggest you couldn't do better than the Political Economy of Football website, which is not only intelligible but comes with the added bonus of being written by Addicks fan Wyn Grant."
Ben Hayes - Charlton Athletic programme

League 1

Share/Save

Portsmouth takeover approved

The takeover of Portsmouth Football Club by former Walt Disney chief executive Michael Eisner has been approved.  80.3 per cent of the members of Portsmouth Supporters' Trust who own 48.5 per cent of the shares voted in favour of the deal.   Of the club's 'presidents', who hold the remainder of the shares, 75 per cent voted in favour.

Attendances up in Football League

More than 18 million people attended Football League games this season, the highest number for almost 60 years.   Sky Bet Championship attendances surpassed the 11 million mark, with average crowds over 20,000.  

Profit into loss at Gillingham

A profit of £180k at Gillingham in 2015 turned into a loss of £800,000 in the year ended May 2016.   Turnover was flat at £5.68m.

The wage bill was up 10 per cent in 2016, but is less than Ibrahimovic earns in ten weeks, illustrating the gap between the Premier League and League One.  The whole squad cost £80k and no player was signed for a fee in 2016.

A dispute with caterers Centerplate is to go to court in November 2017.   Out of court settlements have been rejected.

Argyle fans concerned about director reappointment

Plymouth Argyle fans have expressed concern about the reappointment of Tony Wrathall as a director of the club.   He bought a five per cent stake from owner James Brent.

Wrathall is a lifelong fan, but is seen as part of the old guard of the club and one of those who shared responsibility for it going into administration.

Millwall fans to contest general election

The Association of Millwall Supporters are to run a candidate in the general election in one of the Lewisham constituencies.   They have the necessary funds.

It follows a falling out with the local Labour council and mayor after an attempt to acquire land owned by the club through a compulsory purchase order so that a redevelopment, effectively a gentrification project. could go ahead.  

Charlton takeover talks stall

Talks for a takeover of Charlton Athletic by an Australian football consortium have stalled, but may yet be revived.   Unpopular Belgian owner Roland Duchatelet is willing to consider offers.

The consortium were prepared to pay £25m, a substantial sum for a League One club, but had difficulty in raising the money.   They are now looking at alternative ways of securing the required funds.

Eisner wants 100 per cent stake in Pompey

Former Walt Disney chief executive Michael Eisner and his Tornante investment group wants to purchase a 100 per cent stake in Portsmouth. He is willing to pay £5.67m.

The Pompey Supporters Trust (PST) control 48 per cent of the shares.  Tornante have made a heritage share proposal which would allow the protection of certain identified issues and vetoes exercised by the PST.

Winding up petition against Bolton

A winding up petition has been issued against Bolton Wanderers over an unpaid £5m loan.   The loan, from a finance company, was used to fund the takeover of the club.   The case will be heard on May 22nd.

The Portsmouth FC story

In 2010 Portsmouth FC were £30m in debt and in danger of going out of business.  Today they are free of debt and back in League One. It hasn't been easy and this blog summarises the story.

Clubs without such a large and loyal fan base might find the journey back even harder.

Four clubs in danger of folding

Four English Football League clubs are in danger of going out of business, says a study by financial experts.