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English Leagues

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West Ham make 'take it or leave it' offer

Both sides in the long drawn out Olympic Stadium saga are becoming increasingly frustrated with the lack of progress and yesterday West Ham United made a take-it-or-leave it offer to the London Legacy Development Corporation (LLDC).

Arsenal head for top five in world claim

Arsenal chief executuve has hit back at supporters who have criticised the club's financial strategy and its consequences for performance on the pitch.   He claims that Arsenal are poised to be among the top five clubs in the world in revenue terms.  It certainly is the case that the club should be able to boost its sponsorship income, although by how much remains to be seen.

BT to appeal Sky decision

BT is preparing to appeal against a recent decision by the Competition Appeal Tribunal that blocked attempts to force Sky to lower its wholesale price for its sports programming.   This would reopen a five year battle between regulators and Sky over the price it sells its sport programming to rivals.

BT currently pays a 'wholesale must offer'' price of £19.07 a month per customer for Sky Sports 1 and 2, which it feels is too high.   The telecoms operator then retails these two channels to its customers at a lower price.

Supporters closer to taking over at Pompey

Portsmouth Supporters' Trust  (PST) are one step closer to taking control at Pompey.   They have signed a conditional agreement with the administrators.

The agreement has to be conditional because Portpin Ltd. own Fratton Park and have rejected the offer made by PST for it.    Hence, the administrator has to apply to the court for permission to buy the ground.

Debt up at Bolton

The debt pile at Bolton Wanderers in the last financial year increased by 24 per cent from £110m to £136.5m.    However, this is less serious than it sounds as it is long-term debt owed to the company of owner Eddie Davis, Moonshift Investments.

Losses at Burnden Leisure decreased from £26.1m to £22,1m.   Turnover was down, but staff and administration costs were reduced.

Could this be the end game at Leeds?

The negotiations for the takeover of Leeds United by GFH Capital have been incredibly protracted, in part because of issues over the ownership of Elland Road and the club''s training ground.    Another issue has been whether Ken Bates would have a role under the new regime. This article from a Gulf sources suggests that the end could be in sight.

Bristol's lack of success

Bristol is Britain's eight largest city.   Historically, as a major port, it was the largest city outside London. In the referendums held on elected mayors in May it was the only city to choose to have one and later this week voters will make their choice.   All this suggests a certain amount of civic pride and local identity.

Chelsea leap out of the red

Chelsea have set themselves up well for the new era of financial fair play by recording a profit for the first time in the Abramovich era.   Along with Manchester City, they were seen as one of the English clubs potentially at risk from the new Uefa regime.

Scottish football finances deteriorating

The finances of Scottish football clubs are in a worse state than those in England according to a survey by Begbies Traynor.   However, the English figures may be distorted by the fact that clubs are in a relatively favourable cash flow position at this time of year, having banked revenue from season tickets, sponsosrhip and up front television payments.    The real crunch comes in the spring and early summer.

West Ham Olympic Stadium talks taking time

West Ham remain the most likely tenants of the Olympic Stadium, but the negotiations with the London Legacy Development Corporation (LLDC) are proving to be painfully protracted.   West Ham may not be able to move in until the 2016-17 season.  London mayor Boris Johnson originally hoped to have a tenant in place for the start of next season.