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Ben Hayes - Charlton Athletic programme

Football Finance


Russian co-owner for Cherries

41-year old petrochemicals trader Maxim Demin is understood to have become the new co-owner of AFC Bournemouth, but he is believed to have ticked the 'no publicity' box and will not talk in public about his role in the club.   It has been reported that he paid £850,000 for his stake.  It is not known if he will attend games.

Up for the Cup

Cup competitions have lost some of their appeal in recent years.   Top teams generally put out second elevens for the league cup and may not play their full strength teams in the FA Cup.  This reflects the financial importance of staying in the Premiership and, for the top clubs, qualifying for Europe.

Hearts sale will not be easy

Hearts owner Vladimir Romanov either wants to sell the Edinburgh club or bring on board new investors.  He said, 'I haven't lost my interest in the club, but I have for football.'

Light! More light!

New Football League criteria for the standard of floodlights that have to be met by the 2014-15 season may hit financially struggling clubs in Leagues 1 and 2 hard, as well as those Conference clubs that aspire to Football League status.   Most Championship club either meet the new standards or could afford to do so.

Barca supremo wants to cut size of La Liga

Barcelona president Sandro Rosell wants to cut the size of La Liga from 20 to 16 clubs, although he is prepared to accept a transitional membership of 18.   This appears to be his price for accepting a more equal distribution of television money through collective selling.

Is James Brent the new Madejski?

This is a question raised in The Football League Paper  yesterday in a special centre page spread on Plymouth Argyle.   Both Plymouth's new owner James Brent and Sir John Madejski, who revived Reading's fortunes, had little prior knowledge of or interest in football, but both had a commitment to their areas.   James Brent admitted in the interview that there might be something in the comparison: at any rate it is quite flattering.

The financial crisis at Hearts

An interesting and detailed analysis can be found here of the financial crisis at Hearts.  The article points out that the situation is not sustainable when there is a wages-to-turnover ratio of 120 per cent. Most accountants would think 50 per cent is safe, but 60 per cent is acceptable given that football is a business built around 'skilled' labour.

Ultimatum at Darlo

Darlington chairman, millionaire property developer Raj Singh, has issued an ultimatum to his former manager and players demanding they accept a 25 per cut in wages, otherwise the club could go into oblivion.

Grimsby opt for new stadium

Grimsby Town FC think that a move away from Blundell Park to a multi-purpose community stadium is the best way forward for the former Football League club who were at one time in the second division.  At an average of around 3,000 Grimsby's attendances are the fourth best in the non-league, but some fans argue that a better standard of football would attract even more to attend.

Not everything has changed for the better - Fergie

Sir Alex Ferguson's tremendous contribution to the success of Manchester United was recognised by naming the North Stand after him yesterday.   The club has been transformed during hs 25 years in charge, but there have also been big changes in the game and not all of them for the better in his view.