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FC United find new stadium site

FC United Manchester have found a new location for their planned 5,000-capacity stadium.   A deal to build on Ten Acres Lane, Newton Heath was torpedoed by local government funding cutbacks.  However, with the approval of Manchester City Council's executive committee, the club have selected the Ronald Johnson playing fields in nearby Moston as their new home.   The Red Rebels currently play at the Giggs Lane home of League Two club Bury.

Saints lose £7.6m

Southampton look increasingly likely to win automatic promotion to the Championship, but they have announced a pre-tax loss of £7.76m for the year ending 30 June 2010.    Turnover increased from £8.85m to £14.28m in the year after the late Marcus Liebherr rescued the club from administration.


However, they spent over £12.2m on wages, with broadcast revenues falling by £500,000 following relegation.  They also made a net outlay of £1.08m in the transfer market.

Protecting the Premier League brand

Premier League bosses are concerned about the reputation of their brand against a background of austerity and the focus there will be over the next 18 months on young athletes pursuing their Olympic dreams.


In this context Wayne Rooney's outburst has worried the Premier League, even though most fans don't seem to be that bothered.   However, a Premier League insider told the Financial Times, 'There is a reputational risk.  If your'e charged with marketing and selling the League, do you want any unknown quantity out there?'

Brands converge at Liverpool FC

The world of 6ft 8" basketball star LeBron James is quite a way from that of Anfield.  But what they have in common is that they are both brands with James making more than $40m a year from endorsements.   This week the two brands moved closer when James took a stake in Liverpool Football Club.

New challenges for Vale

Port Vale FC face new financial challenges after they were told they would have to start paying back a £2.5m loan to Stoke-on-Trent city council.  The loan was originally made in 2007 but the club was given a two year repayment holiday because of the recession.   That has now come to an end.

Big cut in Football League TV deal

The Football League's revenue from its television deal will be cut by 26 per cent from 2012-13.  The BBC currently has a joint deal with Sky but did not feel in a financial position to bid.   Against that background the Football League was able to negotiate a three-year deal at £195m compared with the current £264m.

End game at Argyle

James Brent's Akkeron group are now in pole position to acquire Plymouth Argyle with the administrators clearly favouring his offer.    South-east based property developer Paul Buttivant is still interested, having been eyeing the club since 2005, but he will have to make a formal offer soon if he is to remain in the frame.


Brent would buy Home Park and lease it back to the club.   He would also develop the land around the ground, as would Buttivant.

Not getting your wages paid

Three clubs are currently having problems paying wages.  The situation is particularly desperate at Plymouth Argyle where no one has been paid in 2011.   Staff and players have had to sign 'deeds of deferral', forcing them either to agree to wait for pay or quit the club.

Watford takeover agreed

Businessman Laurence Bassini has finalised a £440,000 deal to buy Watford.  The deal will make Bassini a majority shareholder along with knee surgeon Panos Thomas.  The deal has been agreed by owners Lord Ashcroft, Graham Simpson and his wife Yianna.   The agreement will see Bassini acquire at least 55.11 per cent of the club through a newly formed company called Watford FC Limited.

Rangers could go bust

Rangers chairman Alan Johnston has admitted that the SPL club could go bust.    Half-yearly figures indicate that the club owes £29m, up by £3.5m, most of it to Lloyds Bank.  However, Johnston is confident that the annual accounts in June will show a drop in debts to £22m.