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Football Finance


The parachute payments controversy

There has been increasing concern about whether enhanced parachute payments for clubs relegated from the Premier League will distort competition in the Championship.   However, the picture is more complicated than it seems.

Free use of Ricoh Arena offered to Sky Blues

Arena Coventry Ltd., the operators of the Ricoh Arena, have offered Coventry City FC the opportunity to play there free of charge next season.   They would only have to pay for costs arising on match day.

Owls only for sale to right buyer

Sheffield Wednesday owner Milan Mandaric has made some ambiguous remarks which seem to indicate that the Owls are not for sale, but the right buyer would not be shown the door given continuing losses (which virtually all Championship clubs experience).

He claimed that Sheffield Wednesday are currently losing around £5m a year which is consistent with figures that have been reported before. Speaking to BBC Radio Sheffield, the former Leicester City and Portsmouth FC owner said that the club was losing the money as they serviced its debts.

Brazilian football getting stronger but challenges remain

Alongside the growth of the Brazilian economy, football in Brazil is getting stronger.  Club finances have improved and top players no longer need to go abroad to play.

Nevertheless, many challenges remain.   Like the growth of the economy, the overall picture is uneven. Some clubs still have big debts.   Attendances are poor with many fans priced out of the game. Corruption is stlll a big problem.

Arsenal best at boosting football player value

Arsenal are the best football club in the Premier League at boosting the value of their players, according to a study by the Football Observatory.   The squad was assembled for £168m and is valued at £269m, showing a gain of £101m.   In contrast, the squads at Chelsea and Manchester City are worth less than was paid for them.

Blackburn could face big loss

Blackburn Rovers Supporters' Trust have carried out an analysis of the club's accounts and fear that it could be facing a potential loss of £40m in the year to June.

Wages take big slice of Premiership revenue increase

Premier League income grew again in 2011/12 against a background of a flatlining economy, with a 15 per cent rise in commercial income making a big contribution, but the greater part of the increased income went on wages according to the latest Deloitte review of football finance.

Premier League clubs’ revenue reached a record £2,360m in 2011/12, according to the 22nd Annual Review of Football Finance from the Sports Business Group at Deloitte. In total, the revenue of the top 92 clubs in English football exceeded £3 billion for the first time.

Should one go back?

This morning's football coverage is 'all about José.'   Mourinho was always good copy for the media and his return to the Bridge gets extensive coverage in all the morning papers except the Financial Times.   At a reported £8.5m a year the Special One will be the highest paid manager in the Premier League.

Controversial Oldham bid

Former Chester City owner Stephen Vaughan is heading a consortium that is seeking to take over Oldham Athletic. Vaughan was the owner of Chester City where he took over in 2001. The club was wound up in 2010. Vaughan was the first person to fail the Football Association's fit and proper person test.

Perhaps not surprisingly, the negotiations have been going on for some months and have hit a number of stumbling blocks. The present owners have been in charge since rescuing the club in 2004.

Sky Blues fans fear Walsall move

Coventry City fans are concerned that playing home games at Walsall for three years as Sisu propose could place the Sky Blues in even greater difficulty.     They consider that it would lead to falling crowds and revenues, relegation and possibly even liquidation.   They want the Football League not to return the 'golden share' to Sisu and the administrator to consider alternative bids of which there is thought to be more than one.