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Football Finance

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Atlantic League back on agenda

It's an idea that was first discussed over ten years ago, but Rangers owner Craig Whyte has revived the idea of an Atlantic League.   It would allow Rangers to boost revenues by playing top Dutch and Scandinavian sides.   It could be a stand alone league with Rangers (and presumably Celtic) leaving the SPL or it could be a supplementary league, although in that case it's doubtful if it would generate much revenue.

Wrexham deal agreed

The fans are set to become the new owners of Wrexham FC, with a takeover deal completed. Wrexham Supporters' Trust (WST), which has been the preferred bidder, said it would take over the day-to-day running of the club on Tuesday.


Earlier, one of the club's owners Geoff Moss threatened to talk to a rival unless he received a deposit by 5 p.m. yesterday.  A joint statement said a 'suitable financial agreement has been reached'.

Players run credit checks on clubs

According to Southend defender Peter Gilbert, formerly at Plymouth Argyle, the state of football finance is such that players are having to run credit checks on clubs to avoid being shackled to a club heading for administration.

Wrexham takeover in trouble

Wrexham owners Geoff Moss and Ian Roberts have issued the Wrexham Supporters' Trust with a deadline to come up with a non-refundable deposit by 5 p.m. tomorrow to show they are serious about taking over.   They claim that the delays in the change of ownership, which have dragged on since the end of last season, influenced the decision of manager Dean Saunders to walk away.

Winding up petition issued against Truro City

Revenue and Customs have issued a winding up petition against Truro City FC over a debt of around £200,000.  They have to appear in court on October 31st.

New owners for Phoenix

The only Kiwi club in the A-League has new owners in the form of a business consortium headed by Gareth Morgan and made up of six others.   The consortium had to prove to Football Federation Australia that it had the finances to keep the club afloat.   It is understood that included being able to afford a worst case scenario loss of up to $A500,000 a year.

Thistle pull through

Partick Thistle went through a difficult financial time last season and directors were forced to step in to provide an additional £100k to see them through the campaign.   Before then, the club almost went to the wall in 1998 before the Save the Jags campaign.   It isn't easy in the Glasgow football market with the dominance of Celtic and Rangers.

Plymouth bidder to join fans

Leading bidder for Plymouth Argyle James Brent admits that he knows little about football, but he is going to join fans in the Devenport End on Saturday in an effort to understand their passion.   The match will also see the attendance of several hundred Brighton and Hove Albion supporters who will make a pilgrimage to Home Park to show their solidarity with the beleaguered club.   Green Army members backed them when the Seagulls were in trouble.

Market volatility puts United offer on hold

Preparations for Manchester United's $1 billion initial public offering in Singapore have been put on hold because of market volatility.  However, it may yet go ahead in the fourth quarter.   Talks are continuing with cornerstone investors such as Temasek, the Singapore state investment agency, despite claims by the Manchester United Supporters' Trust that negotiations had broken down.

Ridsdale forecasts doom and gloom for Everton

These comments by Peter Ridsdale about Everton are straight from the daft comments department and I only reproduce them because there are some interesting observations by supporters of the Toffees on the link.   Relegation would be challenging for Everton, as it is for most big clubs, but whatever else you say about the club they have shown a capacity for long-term survival in the top flight.