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Football Finance

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NAC Breda in debt

Submitted by WG on Thu, 07/10/2010 - 19:49

NAC Breda is the latest Dutch club to hit financial problems.   It has debts of €3.6m after losing €4.2m last season.  A number of steps have been taken such as reducing the number of first team players and cutting bonuses.

Sheikh tops rich list

Submitted by WG on Thu, 07/10/2010 - 13:27

Manchester City owner Sheikh Mansour bin Zayed Al Nayan has reclaimed his place at the top of the Four Four Two rich list.    Last year he was overtaken by QPR's Lakshmi Mittal, but rising oil prices have put Sheikh Mansour back into first place, boosting his wealth by £3bn to £20bn.

The Red Sox formula

Submitted by WG on Thu, 07/10/2010 - 12:13

How has New England Sports Ventures (NESV) made a success of the Boston Red Sox after they bought them in 2002?  Two years later, the team won the baseball World Series for the first time in 86 years.  However, the formula deployed with the Red Sox will not transfer easily to football and Liverpool.  Indeed, there are a number of differences.

See you in court

Submitted by WG on Thu, 07/10/2010 - 09:10

The battle over the control of Liverpool Football Club will now go to the High Court.   The hearing is most likely to take place next week, although it could happen as early and tomorrow.   Tom Hicks and George Gillett could then appeal any judgement.   One source close to the situation told the Financial Times that he expected a 'blizzard of litigation'.   The FT thinks that one consequence could be a higher offer than has been made so far.

The Red Sox - an American view

Submitted by WG on Thu, 07/10/2010 - 08:06

Martin Broughton, the Liverpool chairman, has said that New England Sport Ventures, the potential owners of the club, are an outfit who know the importance of winning on and off the pitch.

Kidderminster up for sale

Submitted by WG on Wed, 06/10/2010 - 16:12

Blue Square Premiership club Kidderminster Harriers has been put up for sale.   Ever since the club was relegated from the Football League in 2005, it has struggled with attendances.   The chairman considers that the club would benefit from new investment, as no doubt it would.

Liverpool sold to Red Sox

Submitted by WG on Wed, 06/10/2010 - 07:22

Radio 5 is reporting that Liverpool FC has been sold to the company that owns the Boston Red Sox and Sky is carrying a similar story.   The sale in principle is confirmed in a

Board split at Liverpool

Submitted by WG on Wed, 06/10/2010 - 05:38

There has been an extraordinary development at Liverpool with the board split over two new offers for the troubled club.   The offers appear to be credible, but George Gillett and Tom Hicks want to reject them as they mean that they would not be able to walk away with a profit.  Hence, they have tried to suspend two of the directors and replace them with their own nominees.

Businessman disillusioned with Hull experience

Submitted by WG on Tue, 05/10/2010 - 11:32

Peter Wilkinson, the multi-millionaire businessman who bankrolled Hull City under Adam Pearson, has dashed speculation that he might return to the game.   it was clearly a disllusioning experience for him.  He told the Yorkshire Post, 'I have finished in football forever.  Why would you want to spend some of your hard-earned money to be abused and ridiculed by the supporters, hated by some of them, because you cannot achieve something that is totally unrealistic?'

Crackdown on clubs in Spain

Submitted by WG on Tue, 05/10/2010 - 08:31

Having put pressure on clubs to pay about $800m in back taxes, the Spanish Government is following up with legislation that aims to rein in spending on football transfers and salaries.   The combined debt of the top twenty teams was $6.3bn (€3.5bn) in June last year.   Valencia owed €552.9m to other clubs and the tax authorities.