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Ben Hayes - Charlton Athletic programme

Football Finance


Poor return for £53m

Leicester City's Thai owner Vichai Raksriaksorn has got a poor return on the £53m he has invested so far in the club.   Even if they pull off a surprise result against Chelsea tomorrow, they are 11th in the Championship with little prospect of promotion to the Premiership this season.

'Grim situation' at Darlo

Mark Meynell from DFC 1883 has admitted that Darlington is facing an 'emergency'.  He commented, 'It's a grim picture and we're in a very difficult place.'

Plenty of interest in Rangers

At least five bidders have emerged to take Rangers out of administration.    In pole position are the Blue Knights consortium fronted by former director Paul Murray.   Scots businessman Brian Kennedy, although claiming to be a reluctant bidder, has garnered some impressive support.

Rangers bidder doesn't really want the club

It's a bit odd to put in a bid for a major football club but say that you don't really want to own  it.   But that is essentially the position of Scottish businessman Brian Kennedy who has confirmed that he will be among the bidders for Rangers.

Significant interest in Port Vale

There has been significant interest in taking Port Vale out of administration.   Staffordshire-based firm International Piping Products have confirmed that they have had initial talks with administrators Begbies Taylor.   Local businessman Mo Chaudry, who failed in a bid to buy Vale in 2011, is also interested in investing.

Benefactor walks away

Benefactors can bring untold riches to clubs.  But they can also suddenly walk away, transforming a club's prospects in the opposite direction.   This can be because their money dries up or because they become disillusioned.   The latter applies to Evo-Stik Southern Premier club AFC Totton, currently second in the division.

United settle tax bill

Manchester United have settled a multimillion tax bill arising from a dispute on image rights.  Such rights allow a player to receive a proportion of his salary in a separate company, often offshore, which incurs significantly lower rates of tax in the form of corporation tax at 26 per cent instead of the top rate of income tax at 50 per cent.  Eric Cantona was one of the first players to recognise the value of his image off the field.

Several bids for Rangers

As expected, there have been several expressions of interest in taking Rangers out of administration. These include prospective bids from America and the Far East. The administrators want to sort out which bids are serious and backed by sufficient funds by the end of the week.

Are owners entitled to claim back what they put in?

A couple of Blackpool fans have already defended the payments made to Owen Oyston by the club in comments on this page.   Now manager Ian Holloway has leapt to his defence, pointing out that he rescued the club when it was in danger of going bust.

Uefa clam up on City

Uefa officials have been instructed not to answer questions about Manchester City in relation to the organisation's football fair play rules.   In particular they have been told to talk about whether the club's £350m 10 year sponsorship deal with Etihad falls within the rules, although their £200m wage bill is probably an even bigger problem.