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Ben Hayes - Charlton Athletic programme

Football Finance


Free travel for away fans?

Stoke City have come up with a proposal to provide free travel to away fans in the Premier League.  It probably won't go anywhere because of the cost per club (£500,000 - £800,000) and the fact that attendances are not under great pressure.

Chelsea move into the black

Chelsea's full annual results have been released by Companies House and they show that the club made a pre-tax profit of £1.4m last season in marked contrast to a £67.4m loss in 2010-11.

There was an operating loss of £46m but it was offset by a big profit in player trading and a one-off cancellation of preference shares held in a subsidiary by BSkyB.   They held shares in a subsidiary, Chelsea Fooptball Club Ltd., but agreed to cancel the shares as part of a deal that saw Chelsea take full control of Chelsea Digital Media, a joint venture with the broadcaster.

Birmingham City FC still get the blues despite profit

Birmingham City FC still face serious financial problems and further cutbacks despite making a profit of £15.7m in the 2011-12 financial year.   Their latest auditors have expressed reservations about the financial prospects of the club.

How much would you pay for an away ticket?

Not £62 according to many Manchester City fans.   That is the price they are being charged for a seat at the Emirates on Sunday for the game with Arsenal and 912 tickets have been returned unsold.  The game is live on Sky and can be watched in a pub in Manchester without incurring any travel costs.

Slim profit for Kilmarnock

Kilmarnock made a trading profit of £11,384 for the year ended 31 May 2012, down £186,597 from the previous year.   In the present state of Scottish football, any surplus reflects credit on the club concerned.

Kilmarnock's net debt rose by £83,000 to £9.84m.    This is less than the value of Rugby Park at £11.3m. Turnover went up by £300,000 to £7.4m.    Player and staff costs were just over £3.5m, a figure that has been stable for four years.   This is less than 50 per cent of turnover, a recommended target that few clubs achieve.

Everton losses increase

The scale of the financial challenge facing many Premier League club is brought home when one realises that Everton, recognised as having one of the best managers in the Premier League, has lost £52m over the last seven years.  Indeed, if they weren't so skilled at player trading, their losses would be even bigger.

Taxing problem for financial fair play

Gabriele Marcoti makes an interesting point in an article in The Times yesterday about how different tax regimes across Europe undermine the fairness of Uefa's financial fair play (FFP) ruiles.

His thoughts on the subject were stimulated by France's 75 per cent tax on higher earners, struck down by the Constitutional Court but likely to come back once the law has been re-written to deal with the court's objections.

Wigan turn loss into profit

Wigan Athletic has achieved something that is all too rare in football, a decent annual profit.   Last year's loss of £7.2m became a net profit of £4.3m in the year to the end of May.  

This is their eighth year in the top flight and it is six years since they have made a profit.   It should be noted, however, that they did gain £7.9m in profit from player sales.   Nevertheless, the club is getting closer to a break even position.

The high risk transfer window

It is generally accepted that the January transfer window is a high risk one, but some clubs may be driven to it by desperation.   There is a lot at stake.   This year's £40m minimum payout is expected to stand between £55m and £60m next season and that is before one counts the benefits of higher attendances and more lucrative sponsorship deals.

Butland may go in fire sale

Birmingham City may have to sell England international goalkeeper Jack Butland at a cut price fee in the January transfer window to keep the club afloat.   The Blues value Butland at £10m and rejected a £6m offer from Southampton in the summer, but may now have to accept less than £6m.   The club's finances have been described as 'chronic'.

At least five Premiership clubs have scouted Butland this season including Manchester City, Arsenal and Tottenham Hotspur.   Another possible target in a fire sale is Nathan Redmond, the England U19 international winger.