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Big financial problems at West Ham

West Ham co-owner David Sullivan has said that the club's finances are the worst of any in the country.  This would seem to be something of an exaggeration given the problems that other clubs face, but there is no doubt that they would face serious financial problems if they are relegated from the Premier League.

Irish group in for Argyle

A mystery Irish consortium has been given preferential status to bid for Plymouth Argyle by administrator Brendan Guilfoyle.   The group - who are working with investment company BCK Wealth Management - is expected to pay a six-figure sum to secure exclusivity, putting paid to bids from Devon-based businessman James Brent (who was the front runner to buy the club) and property developer Paul Buttivant.

Rushden's troubles multiply

The troubles of Rushden & Diamonds have multiplied after the club lost the staging of the England C International Challenge Trophy with Portugal on May 19th.  The match has been moving to the Sixfields ground of rivals Northampton Town.  

Birmingham City get all clear for Europe

Birmingham City have been given the all clear to participate in the Europa League next season.  Concerns had been expressed about the state of the club's finances after it was announced that they had debts of £27m, but Uefa are satisfied that everything is in order.

£3 - £4m hit for relegated Preston

Relegation from the Championship is likely to cost Preston North End £3m - £4m.   Some of this loss will come from falling attendances, but the biggest difference between the Championship and League 1 is in terms of television revenues.   A club can expect to earn £2.7m in the Championship and only £325,000 in League 1.

Liverpool lose £20m

Liverpool made a pre-tax loss of £20m in the year from August 2009 to July 2010.   This was the last full year of the Hicks and Gillett regime.  The wage bill was in excess of £100m which is too high for a club that will probably be deprived of Champions League football once again.  

QPR decision delayed

Considerable uncertainty surrounds the outcome of this year's Championship competition after a decision on charges brought against Queen's Park Rangers over the Faurlin affair was delayed.   It had originally been intended to come to a decision by 4 p.m. on Friday, but an outcome is not now likely until Monday.  The club will still receive the Championship trophy on Saturday.

Getting back to the Football League

It's not easy to get back to the Football League once you've been relegated to the Conference.  Of the fourteen teams relegated from League Two since 2004, only three have returned (although Luton Town could still add to their number this year).   Carlisle were the only team to bounce back straight away and it took Oxford United, a well-resourced and supported club, four seasons.   Two teams (Boston United and re-formed Chester) now play at a lower level.

Crisis at Rushden deepens

The financial crisis at former benefactor club Rushden and Diamonds FC has deepened.   A major creditor has issued a winding-up petition following the imposition of a five point penalty by the Conference.  Diamonds were given their punishment after being found guilty of misconduct over their returns as part of the league's Financial Reporting Initiative.

Bates buyout at Leeds

Ken Bates has become the controlling shareholder at Leeds United, but this move does not completely resolve the mysteries surrounding the ownership of the club and leaves some unanswered questions.