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The Premiership

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Premier League clubs lose £876,000 a day

Vysyble has released the 2nd edition of its football finance report entitled ‘We’re So Rich It’s Unbelievable! – The Illusion of Wealth Within Football.’ The report covers the economic performance of the participant clubs in the English Premier League from 2008-9 to 2015-16 (the latest accounting period) ie 34 clubs. Over 260 individual club balance sheets were analysed as part of the research process.

Spurs deny takeover talk

Tottenham Hotspur have denied speculation about a takeover of the club.  In a statement on its website the club said, ' The Club engaged Rothschild  to secure the funding for the new stadium. As expected many proposals came forward including bank debt and equity investment. The Club announced on 31 May 2017 the completion of the bank debt financing for the new stadium with a consortium of banks involving Bank of America Merrill Lynch International Limited, Goldman Sachs Bank USA and HSBC Bank plc.

The preferred mobile operator for footballers

Reports of the High Court hearing involving Newcastle United owner Mike Ashley have largely focused on the drinking sessions associated with business meetings.   However, one piece of information that slipped out was about a confidential mobile phone company used by footballers and club owners like Mike Ashley.

Shropshire-based Sports Mobile offer bespoke VIP service.   Players want the new iPhone as soon as it comes out and they make sure that players get it before everyone else.

The quiet transfer deadline

The frantic transfer deadline with all its hype and television coverage is at the end of August.  First, however, there is a 'quiet' transfer deadline when managers look at the squads that have reassembled for training at the beginning of July and assess the gaps.

Of course, some clubs like Chelsea and Manchester United like to do their business early.   United are hopeful that they will get most of their targets soon, but Chelsea are only now nearing a breakthrough or two.

Newcastle United need to wake up to new financial realities

Newcastle United need to wake up to the new financial realities of the Premier League, argues this article. It's no good hunting around in the bargain basement for players.

Dyche urges realism

Burnley manager Sean Dyche has urged Burnley fans to be realistic as the club seeks to establish itself in the Premier League.   The Clarets have to operate in accordance with a business model more than most clubs in the Premiership.

Promoted Brighton and Hove Albion and Newcastle United both have big money behind them, although Huddersfield Town are in the unusual position of having more limited resources than Burnley.

Chinese offer for Newcastle

Mike Ashley is considering an offer from a Chinese consortium to invest in Newcastle United.   A stake rather than a full takeover seems to be on the table, but a minority investment could lead to a complete takeover in time.

Ashley values his stake at £350m -£400m which has so far deterred potential buyers, but the Chinese appetite for a slice of Premiership action is strong.   A substantial investment would help Newcastle to recruit top players.

Evening games on Saturdays?

Premier League clubs are considering playing games on Saturday nights with a 7.45 pm kick off.  Up to 30 more fixtures will be shown live in the next broadcasting deal which runs the risk of market saturation unless new formats can be found.

However, fans are unlikely to welcome the idea as it would make it more difficult for them to attend away matches without an overnight stay.

Premier League viewing figures fall

Premier League football has suffered the biggest drop in viewing on Sky's TV platorm for at least seven years.  Average viewing on Sky's live TV platform fell 14 per cent and total viewing hours 6 per cent over the season.

Sky is paying £10m a game, two thirds more than previously, to screen matches in a three year deal.  It is spending £4.2bn for 126 games a year.  BT is paying £960m for its right to show 42 games a season.  It recorded a more modest fall in average viewing of 2 per cent, but that is from a lower base.

Premier League tightens ownership test

The Premier League has tightened up its Owners and Directors Test.   For the first time it will take into account whether prospective owners have committed an offence which would count as such in the UK.

There is concern about the increasing number of Chinese backed takeovers and the lack of transparency surrounding their financial arrangements.