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Football Finance


Portsmouth 'ambiguities' cleared up

Taking Portsmouth out of administration and into the ownership of the Pompey Supporters' Trust (PST) has never been a straightforward process.   As PST spokesman Colin Farmery said today, 'We always expect the unexpected.'

Some 'ambiguities' emerged in today's High Court hearing which suggested for a time that the Football League might be wavering in its support of the PST bid and considering again that led by the Keith Harris consortium.

Arsenal could survive missing out on Champions League

Arsene Wenger has been the target of fan fury and media speculation since the club's defeat by Blackburn in the FA Cup and their 1-3 loss at home to Bayern Munich in the Champions League.   But Wenger retains the support of the Arsenal board with owner Stan Kroneke expected to emphasise his backing for the belaguered manager at today's monthly board meeting.

Empty seats cost Premiership clubs

A study by BRDC Continental suggests that Premiership clubs are losing valuable revenue by failing to maximise match day ticket sales,   Not only are they losing money on the ticket sales, they are also depriving themselves of revenue from food and drink outlets and the sale of programmes.  The two worst hit clubs are said to be Aston Villa, losing out on £7m a year, and Sunderland, losing £6.5m.

Leeds fans asked to be patient

Leeds United fans have been asked to be patient by GFH Capital while they seek new investment in the club.  They have assured fans that Ken Bates will not be allowed to step back into a more active role in the club.

Fifth winding up order for Shrimpers

I don't know whether it's some kind of record but Southend United are facing their fifth winding up petition in four years,   All but one of the previous petitions have involved Revenue & Customs which is the case on this occaion.   The club are due in court on March 18th.

Chairman Ron Martin said that the tax bill would be 'dealt with in the normal order of business', but obviously it was not paid on time, although Revenue & Customs tend to move more quickly on such matters than in the past.

Bayern need to go global

Bayern Munich are the fourth highest earning club in the world with an estimated annual revenue of £317m.    According to Sport+Markt their supporters account for a quarter of all fans in Germany.   There are 195,000 members and quarter of a million more in fan clubs.

However, the market is now saturated.   Former player and club adviser Paul Breitner told TheTimes, 'We cannot expand any more in Europe.   We must look further, to Asia, to Latin America, to find new markets.'

Revised Portsmouth bid

The consortium led by Keith Harris has made a revised bid for Portsmouth.    He offered the Pompey Supporters' Trust (PST) a 15 per cent stake in the club, plus a seat on the board.   He also proposed a 10 per cent discount on season ticket prices for the next three seasons.

The benefits and costs of a cup run

Luton Town have made £600,000 from their FA Cup run, including a £233,200 broadcast fee from ESPN for their home against Millwall.   However, it simply eats into projected losses of £2m this season as they try to return to the Football League.

They have spent big on their squad.   Indeed, the consortium in charge at Kenilworth Road has already ploughed £10m into the club.   But at the moment they are 8th in the Blue Square Premiership, although they have games in hand on the clubs above them.

Cashflow shortfall at Leeds United

Many Leeds United fans have become disillusioned with GFH Capital since they took over the club, not seeing the progress they hoped for.   The new owners set out a defence of  their actions in an in depth interview with leading football journalist David Conn.