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"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


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.

Royalists wound up

Zamaretto Premier League club Windsor and Eton have been wound up in the High Court.  The winding up order against the Royalists was brought by the roundheads of Revenue and Customs over a £60,000 tax debt.   However, this was the tip of the iceberg with the club's total debts being around £250,000.

United go down Delaware way

More companies based in the United States have their headquarters in the small state of Delaware: you could almost miss when travelling on the train if some of them didn't stop in the state capital of Wilmington.   It costs less to register a company there and there is considerable secrecy.

Football in India

India is an emerging power in the world economy, althought still with great contrasts between wealth and poverty.   Cricket is a far more popular mass sport than football, a game in which India has punched well below its weight.   China, for example, has made greater progress.

This piece by a MA in Economics student in India asks why football missed the bus in his country and cricket was so successful.

Greek football hit by economic crisis

Football in Greece has been hit hard by the economic crisis and the subsequent austerity measures which have squeezed personal incomes.   Although top teams have enough sponsorship and television income to keep going, teams in the lower leagues have been hit hard with some matches being cancelled because transport for the team cannot be paid for.

However, it is evident that the problems are not just about the economy but are also related to other factors such as violence on the terraces which deters spectators.