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Leicester's owners buy Belgian club

Leicester City's owners, King Power, have reached agreement to buy OH Leuven, a Belgian second division team.

What the relationship will be with Leicester City is unclear, but it could serve as a feeder club given the number of high quality players Belgium has produced in recent years.   It could also be used to give experience to Leicester players.

Decision on QPR fine near

A decision is at last near on whether QPR breached financial fair play regulations in winning promotion to the Premier League three years ago.   The dispute with the Football League will be heard by an arbitration panel made up of three QCs at a hearing next week.

United expects strong financial finish

Manchester United has lifted revenue and profit guidance for the year.   Reporting its latest quarterly results, it said that it expected 'a strong finish to 2016-17 both on and off the pitch.'  It announced projected revenues of £560m-£570m for the year, up from £530m-£540m.

United fell into an operating loss of £4.1m in the three months to the end of March from a profit of £23.2m in the same period last year.  Net income also fell into the red at a loss of £3.8m from a gain of £13.7m in 2016.

Spurs offer value for money

The Times has constructed a value for money table for each team in the Premier League.  It compares each club's annual wage blll with the number of points they have won.   Tottenham Hotspur come out best with £1.30m paid per point.  Manchester United come last with £3.57m per point.

Liverpool paid out £2.85m per point, Arsenal £2.83m, Manchester City £2.76m and Chelsea £2.56m.

United players would get £38m from final win

Manchester United's players will be £38m better off if they beat Ajax in the Europa League final next week. Under the club's unusual pay policy, automatic qualification for next season's Champions League would mean that United players would get a 25 per cent pay rise.   They would also receive a £1m bonus under the club's performance incentive scheme.

Darlo fans block return of former owner

Darlington fans have blocked the return to the club of controversial former owner Raj Singh.  He was in charge when the club went into administration in 2012.

Darlington have made operating losses of £80,000 this season and Singh announced that he was prepared to invest £40,000 in the club.    Supporters took to social media to protest and, as a result, Singh decided to withdraw,

As a consequence of his withdrawal, and the reasons for it, a second potential investor also decided not to continue discussions.

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.  

Tranmere's financial challenges

Tranmere Rovers hope to win promotion to the Football League in today's play off final at Wembley, but the club has required some investment since Mark Palios bought the club in August 2014.

Average attendances of 5,000 bring in £1 million a year in gate receipts but the playing budget is £2 million, running Prenton Park costs £1 million and their academy £400,000.   Victory today would be worth £1.5m.

The club has developed a link up with China that will mean Tranmere recruiting coaches to work with the Little London School in Hohhot, the capital of Inner Mongolia.

Liverpool launch cut price shirt in China

Liverpool has launched a cut price shirt in China to compete with the widely available counterfeits that sell for just a few dollars.

European clubs are keen to boost their revenue in this fast growing market.  However, the widespread availability of fake shirts and pirated live streams of matches makes it hard for clubs to turn the high level of interest in European football into a reliable income stream.

London Stadium naming rights deal in doubt

The proposed naming rights deal between Vodafone and the London Stadium has yet to be signed, leading to fears that HMRC's raid on the stadium last month has led the telecoms giant to reconsider.  A draft contract of a £20m six year deal has been with the Vodafone board since the start of the month, but has not been signed off.