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Ben Hayes - Charlton Athletic programme

Football Finance

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Histon's future in doubt

Histon FC failed to play their fixture at Colwyn Bay on Saturday and the future of the Cambridgeshire village side who reached the Conference is now in doubt.    On 177 turned up for their last home game, a FA Trophy tie against Boreham Wood.

The club is seeking professional advice on their future today.    This follows a court case last week in which they were asked to pay an unspecified four figure sum to their chief executive Alan Soraff who left the club in 2010.

Pompey look forward to their day in court

Portsmouth caretaker boss Guy Whittingham hopes that the ownership of the club can be sorted out by the January transfer window.   Pompey are currently one point away from the relegation places in League 1.

Portsmouth Supporters' Trust (PST) need to force Portpin, the investment vehicle for former owner Balram Chainrai, to sell Fratton Park which he is holding as security against the £18m he is owed by the club.  

Leeds hit by drawn out takeover

Leeds United manager Neil Warnock considers that the club's chances of promotion to the Premier League this season have been hit by the protracted takeover talks with the club placed in a 'straightjacket'.

Still some way to go on Premiership 'break even' rule

Although Premier League clubs are edging towards a consensus on some form of break even ruie, there is still some way to go on reaching agreement on the form that it might take and how it could be implemented.   Not surprisingly, there are differences of opinion between clubs given their divergent interests.

Arsenal head for top five in world claim

Arsenal chief executuve has hit back at supporters who have criticised the club's financial strategy and its consequences for performance on the pitch.   He claims that Arsenal are poised to be among the top five clubs in the world in revenue terms.  It certainly is the case that the club should be able to boost its sponsorship income, although by how much remains to be seen.

Supporters closer to taking over at Pompey

Portsmouth Supporters' Trust  (PST) are one step closer to taking control at Pompey.   They have signed a conditional agreement with the administrators.

The agreement has to be conditional because Portpin Ltd. own Fratton Park and have rejected the offer made by PST for it.    Hence, the administrator has to apply to the court for permission to buy the ground.

More financial troubles at Glentoran

Glentoran are regarded as one of Northern Ireland's leading football clubs, but once again they have hit financial problems.   The players have not been paid their wages for October.

Last year the club received £450,000 from a mystery donor to keep them afloat and more recently they have received an emergency loan from the Irish FA.

Fans fight to save club

Lower division clubs have been hit particularly hard by the economic crisis in Spain.    Real Oviedo are based in the capital of the province of Asturias in northern Spain which borders the Atlantic coast. They have played in the lower divisions for some years, but have a proud history.

Debt up at Bolton

The debt pile at Bolton Wanderers in the last financial year increased by 24 per cent from £110m to £136.5m.    However, this is less serious than it sounds as it is long-term debt owed to the company of owner Eddie Davis, Moonshift Investments.

Losses at Burnden Leisure decreased from £26.1m to £22,1m.   Turnover was down, but staff and administration costs were reduced.

Could this be the end game at Leeds?

The negotiations for the takeover of Leeds United by GFH Capital have been incredibly protracted, in part because of issues over the ownership of Elland Road and the club''s training ground.    Another issue has been whether Ken Bates would have a role under the new regime. This article from a Gulf sources suggests that the end could be in sight.