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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

Football Finance


Exiles fans reach takeover target

Newport County Supporters' Trust have raised the funds they need to secure control of the club.  They now become the fourth fan owned club in League Two alongside Exeter City, Portsmouth and Wycombe Wanderers.

Arsenal pay the price

Arsenal will miss out on the biggest Champions League prize pot ever if they fail to qualify for the group stage which looks increasingly likely.  The pot has been boosted by the deal with BT Sports.  They will get £8.84m for reaching the group stage.

Swiss Ramble scales heights with United

The Swiss Ramble blog has scaled the heights of analysis once again with an impressive in depth treatment of Manchester United.   As always, there are lots of graphs and data to back up the argument.  It must take hours of careful work, but you also need the right skill set to do it properly.

Maidstone's success story

The latest financial results from Maidstone United show a clear success story.   Turnover is up to £1.36m and profits are £245,000.   Admittedly, a FA Cup run helped these figures.

Nevertheless, the underlying story is a strong one.   Wages account for less than 20 per cent of turnover, with funds being put into expanding the capacity of he stadium with its 3G pitch.   Attendances and season ticket sales are up.

Wolves up for sale

Wolverhampton Wanderers have been put up for sale by owner Steve Morgan after eight years at the helm.   He bought the club from Sir Jack Hayward in 2007 for £10 with promises of £30m of investment. He is not likely to sell for £10.  The asking price is unknown, but around £25m has been mentioned.

Two West Midlands Premier League clubs, Aston Villa and West Bromwich Albion, have been available for some time.   As has been noted in earlier posts, there are not many quality buyers around at the moment.

What is the point of Dundee United?

This might seem an odd question to ask, at least from the viewpoint of the club's fans.   If nothing else they exist to compete with Dundee whose ground is on the same street and overlaps with theirs.

However, the point of this article is that under owner Stephen Thompson everything has been made subservient to a business model at the expense of sporting success.   With a managerial change taking place, just what is the job description?

How footballers manage their money

Levels of financial literacy in the UK are often not that high.  Very little is taught about the subject in many schools.   Most people find money management difficult and some of them fall prey to 'get rich quick' schemes.   As the old adage goes, if it is too good to be true, it probably is.

Where have all the investors gone?

It's been a very slack news period recently which is why I haven't been posting much.   Financial results, of course, are often out by now.   However, there has been a dearth of takeover stories.

When you think about it, a lot of potential investors have disappeared.   The fall in the oil price hasn't helped, as a lot of them come from countries where oil and gas contribute a major part of national revenues.

Debt picture in football is improving

At the end of 2014 football clubs had a combined debt of £1.927bn.   To put that in perspective, it is the equivalent of 11.5 per cent of the mortgage debt of British households.

However, this interesting and evidence based blog post takes a broadly optimistic view.   The debt mountain is shrinking.   Clubs have been using the current television deal to pay it down and the new deal should give even more scope to do so.

Reciprocal pricing helps fans

The cost of away tickets for Premier League fans has been a constant source of complaint.   Many fans feel with some justification that they have been priced out of following their team away, particularly when one factors in the cost of travel.