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Ben Hayes - Charlton Athletic programme



Aldershot Town FC enter administration

Aldershot Town FC have entered administration following their relegation from League 2. They have debts totalling £1m, of which £300k is owed to football creditors. Player wages for April were not paid.

Club chairman Shahid Azeem had been in talks with owner and majority shareholder Kris Machala over acquiring his stake in the club, but the talks broke down after Machala demanded proof of funds.

Kuwaiti company gears up for European football investment

Former Charlton chief executive Peter Varney has been appointed as chief executive of a Kuwaiti company seeking to make investments in European football. KEH were founded in 2008 and up to now have focused on real estate, tourism and health care.

KEH have extensive property investments interests in Sussex, including a major property development at Newhaven which includes a water park. They also own the Ambassador hotel on the Eastbourne seafront.

The cruellest drop

The Football Conference may have become a de facto fifth division, but relegation to it is the cruellest drop of all.   Only two teams come back up each year and many of the clubs playing there were at one time in the Football League.   There is even the risk of falling further, as has happened to Stockport County this year.

No pay for Hereford players

Hereford United players were sent a group text yesterday telling them that they will not get their wages for April. The players were already owed money as they were not paid in full in March.

The price of relegation from the Premiership

Today's Times publishes an informative survey of the finances of each club in the Barclays Premier League. Net debt figures at many clubs are high in relation to turnover. But one has to remember that many businesses operate on the basis of a platform of debt. Of course, if insecure debts are divided up, re-packaged and sold on, that is when you get the kind of problems that led to the global financial crisis.

Totton tells a tale

Meteoric rises involving benefactors who then withdraw their support often end in tears and that, sadly, appears to be the story at AFC Totton.   Players' wages have gone unpaid and there was even talk of a strike over Easter.

Search for new Conference sponsor is on

With the completion of the takeover of loss-making Blue Square by Betfair, the search for a new sponsor for the Football Conference is on. Indeed, the Football League does not have a headline sponsor for next season. Undoubtedly a sponsor will be found in both cases: the real question is how much they are prepared to pay.

No expense spared

Since they joined the English non-league system, Guernsey FC have paid for the travel and overnight accommodation of visiting teams. However, Spennymoor Town went one better for their FA Vase semi-final, hiring a private plane and staying two nights on the island. They also prepared for the match at Middlesbrough's training complex.

The estimated cost to them was £24,000. It all paid off because they beat the Green Lions 3-1. Guernsey have not defeated at home this season at their Footes Lane Stadium.

Truro may ground share with Argyle

Truro City, who have been through a very troubled period, may have to share with Plymouth Argyle next season. It is stated that the ground share would only be 'temporary', although this turns out to mean three years. It would face fans with a 107-mile round trip and take the club that aspires to be Cornwall's leading football team out of the county and across the River Tamar into Devon.

Fans bail out Quakers

Northern League leaders Darlington have been bailed out by their fans to the tune of £50,000. The money has come from fans' groups who invested in Darlington FC Community Interest Company who run the phoenix club. The company has 800 members and a 52 per cent controlling interest in the club.

Apparently, the cash was needed to cover a shortfall covered by a drop in income, an overspend on playing costs and what were described as 'crucial budgeting errors.'