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Football Finance


Reading face Companies House investigation

Reading FC face a Companies House investigation into their finances.   They have not provided all the financial information they should have done, but are claiming an exemption.

Coventry City to be liquidated

Coventry City Football Club Ltd are facing liquidation after a Company Voluntary Agreement was rejected at a creditors' meeting in London. CCFC Ltd, who went into administration in March, is just one of the companies that make up the club.

The Sky Blues are still expected to begin their League One season at Crawley on Saturday. However, the club faces being deducted a minimum of 15 points by the Football League.

Chinese interest in Coventry City?

Warwickshire businessman Michael Byng claims Ricoh Arena delays in enabling Coventry City to exit administration are preventing possible Chinese investment in the club and Ricoh Arena. He spoke out after yesterday’s Coventry City Football Club Limited creditors’ meeting ended in another adjournment until Friday - on the request of part-council owned Arena Coventry Limited (ACL).

Council boss makes bid to keep Sky Blues in city

Time is running out for the Sky Blues to continue playing in Coventry, but city council leader Ann Lucas has made a 'woman to woman' appeal to hedge fund boss Joy Sippala for talks to sort the situation out.

Relations between Sisu and Coventry City Council have been strained to say the least, although Lucas is a relatively new leader.   However, it appears that Sisu were offended by her not turning up at recent last dich negotiations.

Hearts bidders need to come up with more cash

Hearts face the prospect of liquidation unless someone outstrips present offers for the club by millions, administrator Bryan Jackson has warned. Jackson's counterpart looking after the affairs of the club's owners, Ukio Bankas, has said none of the bids received for Hearts are acceptable. And the bank's administrator has warned that liquidation is a possibility.

Are Celtic Nation a trojan horse?

Gillford Park were a Northern League side playing one-and-a-half miles away from Carlisle United's ground. But now they have been re-branded as Celtic Nation and questions are being asked about whether they are a Trojan horse for Celtic to enter the English league system.

They are being bankrolled by 73-year old tycoon Frank Lynch. They have already made two signings of Scottish League players, beating off competition from senior league sides to take a player from Greenock Morton.

Private jet row saw end of Bates

Ken Bates has said he was sacked by GFH from his role as club president after he committed Leeds United, for the next three years, to paying for a private jet to fly him from Monaco to Leeds whenever he needed. The cost to the club of the contract with the corporate aeroplane charter company 247 Jet is thought to be about £500,000 over the three years.

So is it goodbye Ken Bates?

Ken Bates's five-decade career in football appears to have finally ended after his tenure as Leeds United president was brought to an abrupt end by the club's new owners. David Haigh, appointed as managing director by Gulf Finance House of Bahrain, issued the briefest of statements to announce Bates's departure from a position planned to last three years.

'Ken Bates has ceased to be president of Leeds United,' the statement read, shortly after 8pm on Friday. 'Mr Bates will now no longer have any role within the football club.'

Liverpool FC sale rumours denied

According to reports appearing this morning, just three years since being bought by American billionaire John Henry and the Fenway Sports Group (SG), Liverpool FC are being put up for sale again.

The club has now said that the reports have no basis in fact. A spokesman for FSG said: 'Like so many rumours in the past about a sale of Liverpool Football Club, there is absolutely no truth in this. We have had no meetings with anyone about a sale, we don't know who the source of the rumour is, and any suggestion of a sale is fabrication.'

Last ditch attempt at Sky Blues deal

Last ditch talks have been taking place at a hotel somewhere in England under a media blackout between Arena Coventry Limited (ACL), the operators of the Ricoh Arena, and Coventry City in the hope of reaching an agreement. This will not be easy given the bad blood between the parties.