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Football Finance

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'Financial sustainability' at Manchester City

Manchester City have claimed that they have achieved 'financial sustainability' after reporting much reduced losses of £23m for 2013-14.   That figure includes the £16m financial fair play penalty deducted from Champions League payments due to the club.   If it had not been this deduction, the club would have been close to break even.   They expect to break even next year.   In 2011-12 and 2012-13 they made losses of £148.5m.

Blues deny financial problems

Birmingham City have issued a statement denying that the club is facing financial problems.  Last week former chairman Peter Pannu issued a statement claiming that they would have difficulty meeting a seven figure corporation tax bill.

Football is the global business

Today's Financial Times devotes one of its special supplements to the business of football which makes a change from features on countries one has scarcely heard of.  The Pink 'Un asserts that football is the global business.

It quotes football economics guru Stefan Szymanski who says that 'It's one of the few games that doesn't have a specific cultural affinity.  Szymanski argues that 'Rugby and cricket are so British' for which one might substitute the British Commonwealth and add in Argentina and Italy for rugby.  

Bulls get another reprieve

The long drawn out saga of Hereford United continues with the hearing of the winding up petition against the club in the High Court deferred again until December 15th.   The petition was originally brought in June by the Inland Revenue in relation to a debt of £116,000.   The legal bills for all these hearings must be mounting.

Rangers fans call for merchandise boycott

The Union of Fans, a coalition of Rangers supporters' groups, have called on fans to stop buying club merchandise.   They have got accountants to analyse the deal with Mike Ashley's Sports Direct and they consider that it is highly unfavourable to the club.

According to their calculations only 75p of every £10 fans spend on merchandise goes to the club and Rangers received just £2,000 in the last six month accounting period.

AFC Telford make a profit

AFC Telford have made a small profit of £6,070 on turnover of £788,000.   Down from £13,000 in 2012-13, it effectively represents a break even position.   However, the Conference club deserve credit for making a profit in nine years out of ten given the losses that many clubs make, even at non-league level.

The demographics of daring to dream

Brentford (3rd) and Bournemouth (4th) are the two surprise packages of the Championship so far this season.  At the start of the season, Brentford fans would probably have settled for consolidation in the division with a lower mid-table position being seen as good enough.  Four Four Two forecast that they would be 22nd and one could get 12-1 on them being promoted at the beginning of the season and just 7/2 on relegation.

The woes of Hereford United

Investigative sports journalist David Conn takes an in depth look at the woes of Hereford United.   It doesn't make for happy reading, particularly in terms of the background of the public face of the club, Andrew Lonsdale.   His previous involvement with a non-league club, Feltham FC, apparently involved dumping large quantities of waste on the ground.

£115m bill for agents

Premier League clubs spent £115m on agents in the last two transfer windows.   Four top clubs spent more than the combined wage bill of all League 2 clubs for a whole season.

Rangers need more funds

Rangers are to launch a new share issue to raise funds after they revealed losses of £8.3m in the period to 30th June.   This was a substantial improvement on the £14.4m loss reported in the previous year. However, they will need the first tranche of money in January to continue trading.