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Last minute frenzy spurs transfer window spending

Once again it was a last minute frenzy that spurred on spending in the transfer window after a sluggish start.  At £490m the final outcome was marginally up on last year's figure of £485m, but failed to beat the record of £500m in 2008.

£300m was spent on foreign players.   The 'trickle down' effect to the Football League was limited with just £50m spent at that level.

Arsenal's prudent strategy

Arsenal have purused a strategy of only paying what they can afford, the problem is that they are the only top club acting in this prudent fashion.

There is two ways in which their strategy could work.   One is the oft repeated claim that 'the Premiership bubble will burst.'  But we have been hearing these claims for year.  If I had received a pound for every time I have heard it, I would have quite a sum of money.

No quick fix for Rangers

After reports had suggested that Rangers might be back in the Scottish Premier League in two years rather than three, Scottish Football Association Campbell Ogilvie has denied that there will be any special arrangements for the club enabling it to take a fast track back to the top.

Modric sale could kick start transfer window

The sale of Luka Modric  by Tottenham Hotspur to Real Madrid for a fee of £27.8m, rising to a potential £33.3m, could kick start the transfer window as it enters what is always an increasingly frenzied last week.  Indeed, some commentators have argued that the window should close with the start of the season for the good of both clubs and players.

Conflict of interest at Truro City?

The Conference and the Football Association are looking into a possible conflict of interest between Salisbury City and Truro City arising from the deal that saved the Cornish club.

The overdue wages of Truro players were paid by CGA Holdings, the company of the chairman of Salisbury City, William Harrison-Allen.  He insisted that he was not investing in Truro City and it was a property deal that had nothing to do with football.

Truro's ground was bought for £2.28m by Jojo Investments, a company formed in June.  It has one shareholder, a London solicitor.

Farnborough wait for buyer's decision

Farnborough are waiting for a qualified buyer, coming to the end of due diliigence, to decide whether to purchase the club.  The club had to be bailed out last season by manager Spencer Day with a six figure sum.

Heaney stands down as Truro chairman

Kevin Heaney has stepped down as Truro City chairman.  He bankrolled the club's rise up the non-league pyramid, but he was declared bankrupt earlier today by Truro County Court.   He cited health reasons for his decision to step down.

Salisbury City chairman William Harrison-Allen has said that he is interested in buying the club's ground.

Billericay Town sold

Billericay Town FC has been sold to former manager Grant Gordon.   However, existing owner Steve Kent retains a stake as only 60 per cent of his shares have been sold.   He said that there had been other offers, but he was not comfortable with them.

Reports give no indication of the sale price, but it is unlikely to have been the £3m originally mentioned when the club was put up for sale.


Chainrai back in at Pompey

After storming off in a huff last week, Balram Chainrai has once again lodged a bid for Portsmouth. Given his financial entanglement with the club this was always likely.  He is owed £17m and holds Fratton Park as security.

Wise investment at Reading

Reading fans may have disappointed by their defeat at Chelsea last night after going ahead, but their new young Russian owner has promised that he will adopt a prudent attitude to the clubs' finances, investing wisely.

Anton Zingarevich denied that his father was part-owner of the Royals.   He sees Reading as one of the best investment opportunities in football.   Their location just outside London meant that they were best placed to attract corporate sponsorship.