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Ben Hayes - Charlton Athletic programme

Football Finance


Argyle players threaten to strike

Plymouth Argyle players are threatening to strike this weekend as they still have not been paid.  Their personal financial situations are becoming very difficult.   The club may be able to raise a team against Burton Albion but several senior players may be missing.

Frenetic last day in transfer window

Once again it was a frentic last day as the transfer window closed, indeed last hour as Arsenal and Chelsea made requests after 11 p.m.   The usual calls have been heard for the system to be scrapped and replaced with a draft system, but it certainly creates a lot of excitement as the deadline approaches with 'make your mind up' time for clubs and players.   It should also be remembered that the window was originally intrroduced to meet the requirements of EU competition law.

Arsenal pay the price for prudence

With their 8-2 defeat at Manchester United, Arsenal have paid the price for financial prudence, particularly their wage structure.   Patrick Barclay, chief football commentator of The Times noted this morning, 'Financial prudence in a mad world has cost Arsenal dear'.

From a purely financial point of view it was more important to defeat Udinese last week and qualify for the Champions League.   A failure to do so would have cost £25m-£26m and denied the club the chance of signing any high quality players before the transfer window closes.

Premier League tax goes over £1bn

The tax contribution of Premier League clubs is set to exceed £1bn this season, according to accountancy firm Saffery Champness which has a number of footballers as clients.

This would represent an increase of more than a third over the last two seasons.   Using figures from Deloitte's annual football finance review, the firm says that the Premier League clubs contributed £725m to the Treasury in the 2009-10 season.   Since then the clubs have benefitted from a 30 per cent uplift in broadcasting revenues, which clubs tend to use on increasing wages.

Arsenal move on Asian market

The Asian market is crucial for Premiership football.    It contains a number of emerging and increasingly propserous countries with growing populations and an appetite for football.   It is a key element in the growth of overseas television revenues.   There are great opportunities for selling merchandise, even if counterfeiting is a problem.  Up to now, Manchester United and then Liverpool have made the greatest strides in this market.

Russian benefactor teams have a mixed record

Billionaire tycoon and Dagestan native Suleiman Kerimov has been pumping money into Anzhi Makhachkala.  He spent €70m to acquire the club, €21m to purchase and renovate the current 29,000-seat stadium and €1bn has been set aside to maintain and develop the club over the next five years.

Sports show is back

The Radio Scilly sports show is back on air today from 10 a.m. to 11 a.m. with the help of Sportsmode as the sponsors. Mark Twynham is the new host.   I will be talking today about Plymouth Argyle and the two Manchester clubs.

If you are thinking of a trip to the off islands today, Sportsmode are offering special picnic deals for four at £20,

Argyle deal agreed

The administrators of Plymouth Argyle are satisfied that Bishop International Limited have sufficient funds available to complete the acquisition of the club.   The necessary paperwork is being prepared by the solicitors involved.   The deal still has to be approved by the Football League but it looks as if Plymouth are safe from liquidation.

Zero hour for Plymouth Argyle

As fans hold a candelight vigil and there is a campaign to get #savepafc trending on Twitter, it is zero hour for League 2 club Plymouth Argyle.   Unless a deal is done by 17:00 today (Friday) the club could be liquidated after 125 years and tomorrow's game against Crewe could be the last.

Billionaire oligarch opens up new football cash front

Up to now billionaire Russian oligarchs have invested in top clubs like Chelsea.  But now Suleiman Kerimov is pumping money into a relatively unknown club that finished 14th in Russia's 16-team premier league last season.