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Football Finance


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.

Benefactor model faces challenges in France

The benefactor club model has worked well in England in the sense that it has delivered success to clubs like Chelsea and Manchester City and, on a smaller scale, Fulham.   It does, however, face greater challenges in France.

AFC Bournemouth chairman defends strategy

Controversial Bournemouth chairman Eddie Mitchell has defended his strategy at the football club.   He has been under criticism for failing to reinvest in the squad after selling off almost all the players who reached the League 1 play offs last year.

Argyle players defer wages again

At the request of the administrators Plymouth Argyle players have agreed to defer the outstanding 60 per cent of their wages until Monday week.   By that time it is hoped that a takeover of the club can be sorted out.   Yesterday captain Carl Fletcher and goalkeeper Romain Larrieu met with James Brent who is now the leading bidder for the troubled club.