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"If you want some accessible but informative insight into football then I suggest you couldn't do better than the Political Economy of Football website, which is not only intelligible but comes with the added bonus of being written by Addicks fan Wyn Grant."
Ben Hayes - Charlton Athletic programme

Football Finance

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Hearts on the brink

The long drawn out saga at Hearts may be entering its final phase with the possibility being raised that the club might play its last game against St. Mirren on Saturday 17 November.   In a letter to fans, the club has said 'This isn't a bluff, this isn't scaremongering, this is reality.'

For the third time in a year the club faces liquidation over unpaid taxes.   Revenue & Customs presented a winding-down petition to the Court of Session in Edinburgh on Monday over just under £450,000 in unpaid PAYE and National Insurance.

Why do football clubs go bust?

We have long regarded Stefan Szynmanski, now relocated to the University of Michigan, as the leading football economics guru.   What he can do with a multiple regression and outliers (under or over performing clubs) is a wonder to behold.

Now he has started a new blog which promises to deliver informed, in depth analysis of topics on the interface between economics and football.  The first topic he tackles is the familiar one of football club insolvencies.

Darlo plan to return home

Darlington 1883 are making plans to return to their home town.  The Quakers want to secure the future of the club by returning to a stadium in Darlington in the next three years, although they admit it is a long shot.   They also have a six year objective to return to the Blue Square Bet Premier which will take three promotions from the Northern League.

Small change really

While Arsenal only lost 2-1 at Old Trafford yesterday, the margin could have been bigger if United had taken their chances.   The somewhat reluctant role played by Robin van Persie only serves to emphasise the need for Arsenal to develop a funding strategy to retain their better players and acquire new ones if they are to compete at the highest level.

Financial fair play isn't so fair

We have long taken the view that financial fair play is not so fair as it looks.  It offers a means for the current elite clubs to shore up their dominance.  We have also expressed doubts about how effectively it can be enforced.  

Blues consider offer

Birmingham City FC are considering a formal £30m takeover bid made by a consortium headed by former QPR chairman Gianni Paladini.   There would be a down  payment of £17m.   The other bidders in the frame are a Chinese-Hong Kong based group.   However, Paladini's group are seen as the favourites

Kettering Town FC given stay of execution

After yet another deadline was missed, Kettering Town FC have been given a further stay of execution by the Southern Premier League.  This weekend's game against Barwell has been called off, but the club has had its transfer embargo lifted so that it can recruit players and field a side.

Foundation of Light

Anyone who has read the excellent diaries penned by the independently minded former MP Chris Mullin would be aware that Sunderland has faced economic challenges.   Curiously, Mullin only rarely refers to the football club, but he doesn't seem to be a fan of football in general.

PSG splash the cash

Supplied with a series of blank cheques by the Qatar Investment Authority, Paris Saint-Germain (PSG) continue to splash the cash.   According to Gazetto dello Sport, they are ready to spend about €100m to bring Cristiano Ronaldo from Real Madrid.  José Mourinho would be brought in as head coach at the same time.

New money crisis at Blues

The auditors of Birmingham City's parent company, BDO, have resigned with immediate effect as they have been unable to obtain consistent, reliable and complete information on which to base their audit of the accounts.