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Ben Hayes - Charlton Athletic programme

Football Finance


Has Arsenal got talent?

Last night's edition of Britain's Got Talent was delayed while Arsenal completed their penalty kicks victory over Wigan Athletic in the FA Cup semi-final.   However, a question that may have been going through the minds of some could have been has Arsenal got enough talented players?   And has Arsene Wenger lost his magic touch?

David Haigh quits at Leeds

In the latest twist in the saga at Leeds, managing director David Haigh has resigned from the board.  he was supposed to become chief executive until the end of the season, but disagreements between him and new owner Massimo Cellino led to a threat to sack him last weekend.

Sporting Intelligence provides an alternative interpretation of his resignation statement.

£18m losses at Rangers

The Rangers Football Club Ltd. has announced losses of £18.1m in the 13 months to June 2013.  It should be noted that there is a complex corporate structure at Rangers and more information can be found here.

Clubs in the money

Now that all the Premier League club accounts for last season are available, the authoritative Swiss Ramble blog has been able to make an overall analysis.

Eight clubs made a profit, which is more than I expected, with Swansea City leading the pack at £21m. QPR, who were relegated, made by far the biggest losses.   Arsenal had the biggest cash balances at £153m, followed by Manchester United at £94m.

New revelations about Leeds

Accounts filed at Companies House have led to new revelations about Leeds United.  GFH Capital sold half its stake to an unnamed party between March and June last year before buying it back in December 2013, reaching 85 per cent ownership.  This meant that there was no 'controlling party' of the club for at least six months.

Atletico's success is on shaky foundations

Atletico Madrid have emerged as a third force in Spanish football.  However, there is a history in Spain of clubs emerging to challenge the Real-Barcelona duopoly and then fading as they find it too hot at the top. It seems that Atletico's success is built on shaky financial foundations.

Leeds takeover can go ahead

Massimo Cellino can go ahead with his takeover of Leeds United after he won his appeal against the Football League's ruling that he had failed the owners' and directors' test.   The independent QC hearing the appeal ruled that his conviction in a Sardinian court for not paying tax on a luxury yacht he imported from the United States could not be reasonably considered dishonest.

Reading fans urged to be patient

Reading fans have been urged to be patient as the search goes for a new owner of the club to succeed Sir John Madejski.   The search has been going on since September when Anton Zingarevich disappeared and some fans have become understandably impatient.

'It's not all about money' insists Blackpool boss

Blackpool chairman Karl Oyston insists that success in football is not all about spending money as it can be spent unwisely or ineffectively.   He is known for his tight control of transfer and agents' fees and player wages.

Big losses at Charlton

It is well known that the Championship is a challenging division financially.  Medium-sized clubs such as Charlton have to compete with clubs with wealthy benefactors or parachute payments.   Hence, it is no surprise that the latest accounts show continuing financial losses.

In the 2012/13 the club reported overall losses of £7.4m, although profits on player trading reduced this to £6m.  Turnover was up by £3.4m, largely reflecting increased television revenue and solidarity payments following promotion to the Championship.