Skip to main content

"If you want some accessible but informative insight into football then I suggest you couldn't do better than the Political Economy of Football website, which is not only intelligible but comes with the added bonus of being written by Addicks fan Wyn Grant."
Ben Hayes - Charlton Athletic programme

Share/Save

West Ham lead in final lap for Olympic Stadium

West Ham lead in the final lap of the Olympic Stadium race with Olympic bosses poised to back their bid.   Despite their bid offering a poorer return for the taxpayer than that from Spurs, West Ham have played their political cards well.

Spanish one-two in money league

It's a Spanish one-two in the Deloitte Sports Business Football Money League for 2011.  Real Madrid head the Money League for the sixth siccessive year.    FC Bareclona came second.   Whilst Real held a €40m revenue advantage over Barca in 2009/10, Barca's revenues should exceed €400m in the next edition of the Money League, particularly given the club's new shirt sponsorship deal with Qatar.

Everton not in financial meltdown

Money is 'tight' at Everton, but the club has denied that it is in financial meltdown.    The club's latest accounts show a pre-tax loss of £3.1m brought about mainly by an escalating debt and wage bill.  Almost 85p in every pound goes towards financing the wage bill, first-team squad, academy, coaching staff, medical support and scouting network.

Argyle on the brink

The Plymouth Herald has reproduced the letter from Plymouth Argyle's Japan-based directors promising regular tranches of money to keep the financially troubled club afloat.   The money, of course, has not turned up.  The club will survive tomorrow's court hearing as player sales have provided enough money to settle tax debts.

Triesman says FA backed out of regulating

The House of Commons culture, media and sport committee has started its enquiry into football and one of the first witnesses was former FA chairman Lord Triesman.   He didn't mince his words.  Describing English football governance as 'thoroughly unsatisfactory', he said that 'apart from onfield discipline, [the FA] has backed out of regulating.'

Kiddy on the brink

Kidderminster Harriers are on the brink of administration.  They face a winding-up petition in the High Court on Februart 23rd over £16,000 owed to Revenue and Customs, the first instalment of a £83,00 debt.  Their total debt is thought to be around £300,000.  The club's bank account has been frozen.   The players have not received their wages for January.

£100m player 'inevitable'

The transfer market will reach a point when it is 'inevitable' that a Premier League club will pay £100m for a player, according to league chief executive Richard Scudamore.   He said that a £100m market in today's market would be 'ridiculous'.  But he went on, 'Can I see it happening in the future?  It is inevitable that one day it will happen.'

Liverpoool owner in for AS Roma

Thomas di Benedetto, part owner of the Boston Red Sox and a partner in the holding company that owns Liverpool FC, is one of a group of American owners hoping to conclude deal to buy AS Roma in the next fortnight.   To the best of my knowledge, this is the first American takeover of a leading Italian club.   The proceeds of the acquisition will be used to pay off €277m of debt owed to UniCredit, Italy's largest bank.

Reading's Madejski restructures debt

Sir John Madejski, the owner of Reading FC, is in talks to restructure a loan that backed the expansion of his property empire after the crash in regional property values led to a breach in the covenants of his debt.   His investments have suffered as commercial property in regional towns and cities have been among the worst hit parts of the market collapse over the past four years.

Legal threat to Premiership model

The Premiership business model and all the riches associated with it relies on the income from television rights.   Two-thirds of this income is generated from the sale of UK rights, the rest elsewhere in the world, but more in Asia than in Europe.