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Ben Hayes - Charlton Athletic programme

Football Finance

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Football clubs may sell retail bonds

Retail bonds are a new form of financial instrument that have been resorted to by cash strapped small and medium-sized companies as well as by the John Lewis Partnership.   David Walker, partner at Memery Crystal, has advised on a number of the deals and he says that 'The bond allows companies to connect with their client base or "following" and involve them in the development of their business.'

Wage bills and success

Using figures from Deloitte this Liverpool fan site makes a comparison between the wage bills of Manchester United and Liverpool and shows that the differences are relatively small over a ten year period.   The writer points out that Spurs managed to finish fourth with a wage bill that was £56m smaller than that of Liverpool.

Where's the money gone?

That's the question being asked by Blackpool fans.   The club is thought to have netted £40m from its year in the Premiership, it is due the first of £14m of parachute payments (with three more come in successive years) and £8m was received from the sale of Charlie Adams and D J Campbell.   From a fans' perspective the three best players have gone and there have been no replacements of equivalent quality.

Argyle administrators start to look elsewhere

It's now 123 days since Bishop International Limited was named as the preferred bidder for Plymougth Argyle and with no deal in sight it it is no wonder that the administrators have resumed talks with other possible bidders.

City get loan on tough terms

The parent company of Birmingham City has secured a £6.3m loan, but it will have to pay it back at a substantial rate of interest.   Birmingham International Holdings will borrow the money from the group's new deputy chairman, Yang Yue Zhou.  But they will have to pay an interest rate of 12 per cent.  The loan will be for two years and will be used to repay debts and for general working capital.

Sky Blues owners admit to mistakes

Coventry City owners SISU have in effect admitted to making mistakes in an open letter to supporters as they attempt to win them round.   Some supporters recently demonstrated outside their London headquarters.

Transfer window spending up

Premiership clubs splashed out in the transfer window with total spending of £485m up a third on a year ago according to figures from Deloitte, a pattern that was reproduced over four of the five top leagues in Europe, Germany being the exception where spending held steady.   Qualifying for and succeeding in the Champions League appears to be a major motivation for spending.   Although spending was up, it did not reach the 2008 record of £500m.<

Argyle strike off

The threatened strike by Plymouth Argyle players has apparently been called off after the administrators agreed to pay 40 per cent of their wages.   The players are still not happy with the situation, but they are on the bus to Burton.


Some Plymouth fans have called for a protest outside today's match between Truro City and Maidenhead because of the role of Truro owner Kevin Heaney in the takeover, but the move does not have universal support.

United holding company cuts debt

'Red Football Limited, Manchester United's holding company, has seen a big fall in net debt but a rise in the cost of servicing that debt.    There was a 15.7 per cent rise in full year turnover to £331.4m in full-year results to 30 June boosted by new sponsorship money, and higher match day and media revenues. 

McClaren threatens to quit in funding row

Steve McClaren has threatened to quit as manager of Nottingham Forest in a funding row.  He has been in the job less than three months, but thinks that owner Nigel Doughty is not committing the funds necessary to make a serious bid to get out of the Championship.  Doughty is a venture capitalist estimated to be worth £130m.