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Football Finance

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No complete control for Kroenke at Arsenal

Stan Kroenke is unlikely to gain the 75 per cent holding he would need at Arsenal to instigate a major capital restucturing of the business.   His holding is likely to be not much more than the current figure of just under 63 per cent which means that he can control the day-to-day running of the business including player transfers and contracts.


Alisher Usmanov's Red & White Holdings company have indicated that they will not accept Kroenke's offer and are still picking up odd shares where they can to enhance their 27 per cent stake.

Big financial problems at West Ham

West Ham co-owner David Sullivan has said that the club's finances are the worst of any in the country.  This would seem to be something of an exaggeration given the problems that other clubs face, but there is no doubt that they would face serious financial problems if they are relegated from the Premier League.

Irish group in for Argyle

A mystery Irish consortium has been given preferential status to bid for Plymouth Argyle by administrator Brendan Guilfoyle.   The group - who are working with investment company BCK Wealth Management - is expected to pay a six-figure sum to secure exclusivity, putting paid to bids from Devon-based businessman James Brent (who was the front runner to buy the club) and property developer Paul Buttivant.

Rushden's troubles multiply

The troubles of Rushden & Diamonds have multiplied after the club lost the staging of the England C International Challenge Trophy with Portugal on May 19th.  The match has been moving to the Sixfields ground of rivals Northampton Town.  

Brazil behind schedule for World Cup

Brazil is behind schedule with its preparations for the 2014 World Cup.   The 12 host cities have among them nine airport developments which are well behind schedule.   Sao Paulo has not even started to build the new stadium that is supposed to stage the opening match.  The contract for Natal's proposed arena was signed only on April 15th.

Birmingham City get all clear for Europe

Birmingham City have been given the all clear to participate in the Europa League next season.  Concerns had been expressed about the state of the club's finances after it was announced that they had debts of £27m, but Uefa are satisfied that everything is in order.

£3 - £4m hit for relegated Preston

Relegation from the Championship is likely to cost Preston North End £3m - £4m.   Some of this loss will come from falling attendances, but the biggest difference between the Championship and League 1 is in terms of television revenues.   A club can expect to earn £2.7m in the Championship and only £325,000 in League 1.

Liverpool lose £20m

Liverpool made a pre-tax loss of £20m in the year from August 2009 to July 2010.   This was the last full year of the Hicks and Gillett regime.  The wage bill was in excess of £100m which is too high for a club that will probably be deprived of Champions League football once again.  

Rangers takeover nears completion

The protracted takeover of Rangers looks as if its nearing completion.   London-based businessman Craig Whyte has been negotiating to acquire the club since mid-November last year.   There have been many twists and turns along the way, but it looks as if a deal will be done within the next 24 hours.

Getting back to the Football League

It's not easy to get back to the Football League once you've been relegated to the Conference.  Of the fourteen teams relegated from League Two since 2004, only three have returned (although Luton Town could still add to their number this year).   Carlisle were the only team to bounce back straight away and it took Oxford United, a well-resourced and supported club, four seasons.   Two teams (Boston United and re-formed Chester) now play at a lower level.