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Ben Hayes - Charlton Athletic programme

Football Finance


Be grateful for what you have

That is the advice to Spurs fans from the Evening Standard.   This may be just another sub-standard article from a paper that often fails to scale the heights of football journalism, but it does make some interesting points.

Holloway wants some cash

Ian Holloway has warned Blackpool chairman Karl Oyston that Blackpool cannot expect to hope competing for Barclays Premier League status unless they started investing in the team.   He would like to see more rewards for existing players given that the average weekly wage looks likely to drop to £10,000 a man.  That is still over £400,000 a year but below the highest levels in the second tier.

£56m boost for West Ham

The figure of £90m is frequently bandied around in relation to clubs winning the Championship play off final, often accompanied by the much dusted down headline 'the richest game in the world'.  In fact, as has been pointed out in earlier posts, the £90m figure is often an exaggeration because of the assumptions it makes and double counting.   It is also a gross figure which does not take into account the need to spend to stay up.

Two swallows don't make a summer

It's been an incredible seven days in football.   First, Manchester City took the title for the first time in 44 years with a last gasp victory.   Then Chelsea became champions of Europe by showing that English sides do not always lose to German ones on penalties.

Chainrai bids for Pompey

Former owner Balram Chainrai has put in the only bid for Portsmouth FC through his firm Portpin and is therefore likely to take the club out of administration.   If all goes to plan, the process should be completed by early July.

Chelsea or MLS?

22-year old Ohio native Katie Callaway will be with fellow Chelsea fans in a Chicago bar today to watch the final with Bayern Munich.   She fell in love with Chelsea on a family trip to Grand Cayman in 2006 and she will be wearing her David Luiz away shirt for the game.

Crunch day or pay day for West Ham

Rather exaggerated figures are sometimes placed on the Championship play off.  They sometimes seem to be based on the team going up coming top and also collecting four years of parachute payments in one go.  Nevertheless, for a team that goes up and survives, they can hope for a boost of at least £45m.

Further delays in Blues accounts

Birmingham City's accounts were supposed to be released by close of business today on the Hong Kong stock exchange after three earlier delays.   However, they will now not be available until the end of the month.

More bad news for Rangers

Following the rejection of their appeal against fines and a transfer embargo, there is more bad news for Rangers.   The Scottish Premier League (SPL) have got their legal team scrutinising every contract issued to players between 1998 and 2010 for evidence of non-permissible payments.    Any sanctions imposed would transfer to any newco that was set up.

United hit by Champions League setback

Liverpool FC have made it clear that Kenny Dalglish would not have survived even if he had won the FA Cup, taking two cup trophies.   Not only has the FA Cup declined in prestige, it also generates relatively little cash for the war compared with Champions League qualification.