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On the Ball

On the Ball is an online sports law magazine.   Among the articles in the latest issue are articles on subjects such as takeovers, squad rotation, goalline technology, tweeting and threats to Premiership broadcasting rights.

Heaney pulls out at Plymouth Argyle

After five months when the money was supposedly available but never appeared, property developer and Truro City owner Kevin Heaney has pulled out of his bid to take Plymouth Argyle out of administration.   He blamed banks for being unwilling to lend to property developers and football clubs, but it is not surprising that they would regard that as a toxic combination in the current financial climate.

Glazers to keep tight grip on United

The Glazer family will keep a tight grip on Manchester United after a third of the club is sold off.     Two-thirds of a $1 billion dollar (£630m) initial public offering on the Singapore stock exchange will be through non-voting preference shares, keeping as much as 88 per cent of the voting rights in the hands of the Glazers.   Just 12 per cent will be in the form of ordinary shares with full voting rights, the minimum required by the Singapore stock exchange.

Big boost for Port Vale

After a difficult time for the club, Port Vale has been given a big boost with news of a £5m investment over the next 12 months by American company Blue Sky International.    There aren't many details at present but the total investment is said to amount to £8m.


The funds will be spent on the running of the club, Vale Park (where there is work which is incomplete), a training area and facilities for the local area.   An additional £500,000m will be spent on pre-season tours over the next 10 years.

Mittals would have preferred to be sole owners at QPR

Amit Bhatia, the vice-chairman of QPR, had admitted that the Mittals would prefer to be sole owners of the club in an interview with the Financial Times.   However, the Mittals and new majority shareholder Tony Fernandes are getting along fine, despite a minor difference of opinion aired on Twitter about whether to sign David Beckham.

Rovers fans complain to owners

Blackburn Rovers fans are the latest group of supporters in the north-west to express their dissatisfaction about the way in which their football club is being run, following the protests planned for today at Everton.   Rovers fans are thinking of organising their own protest for the home game against Arsenal on September 17th.

No deal at Argyle

No deal has yet been reached to secure the future of troubled Plymouth Argyle.  On Thursday Kevin Heaney, the man behind the Gibraltar-based Bishop International bid, told BBC South West, 'If the administrators will not get the deal over the line on Thursday I will walk away.'   However, subsequently the Truro City owner and property developer has vowed not to walk away.

Everton FC fans plan protest

The Blue Union coalition of Everton FC supporters' groups is planning a protest march outside Goodison Park before Saturday's game against Aston Villa.    The coalition has reiterated its call for Bill Kenwright, the chairman and majority shareholder, to sell up and leave.   After another transfer window that produced little excitement with just three players coming in on loan, a growing proportion of fans is concerned that the club is stagnating under his leadership.<

Football clubs may sell retail bonds

Retail bonds are a new form of financial instrument that have been resorted to by cash strapped small and medium-sized companies as well as by the John Lewis Partnership.   David Walker, partner at Memery Crystal, has advised on a number of the deals and he says that 'The bond allows companies to connect with their client base or "following" and involve them in the development of their business.'

Wage bills and success

Using figures from Deloitte this Liverpool fan site makes a comparison between the wage bills of Manchester United and Liverpool and shows that the differences are relatively small over a ten year period.   The writer points out that Spurs managed to finish fourth with a wage bill that was £56m smaller than that of Liverpool.