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Football Finance

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Kroenke fees cause controversy

The revelation in the latest Arsenal accounts that majority shareholder Stan Kroenke was paid £3 million in 'strategic and advisory fees' has caused controversy.   However, Arsene Wenger has brushed the comments aside, saying that everything the club does is legal and in any case it's a matter for the board.

Cain Hoy drop Spurs bid

US investment group Cain Hoy has droppes its potential bid for Tottenham Hotspur.  The group, backed by Guggenheim Capital, said in a statement to the London Stock Exchange yesterday that after preliminary work on the offer it has 'subsequently terminated its assessment and is consequently no longer making an offer for Tottenham.'

Liverpool may face FFP sanctions

Liverpool may pay a penalty for their return to the Champions League in the form of financial fair play sanctions.   They are expecting £7m in prize money next month, but the payment would be withheld if they are referred to Uefa's Club Financial Control Body.  

Arsenal in robust financial health

The latest financial results for Arsenal show the club to be in robust financial health, even though overall profits dropped from £6.7m to £4.7m in a year in which there was little activity on the property front. Cash balances remain very healthy, up to £173.3m from £119.6m in 2013.

What is going on at Blackpool?

Just what is owner Karl Oyston's strategy at Blackpool?   The benefits of the short stay in the Premier League have been dissipated and, as things stand, the club is heading for League One.  Staying within financial fair play constraints is one thing, but this is surely taking parsimony too far.

Villa sale still possible

The sleeping giant that is Aston Villa has stirred and with the club currently 2nd in the table, following forecasts by pundits that they could be relegated, Paul Lambert has been given a new four year contract.   Owner Randy Lerner has been unable to find a buyer for the club and has shelved his sale plans for the time being.

Funding problems for Spanish clubs

Almeria are having difficulty in funding a new training complex as Spanish banks are reluctant to lend money to clubs because of their high level of debt.

Almeria president Alfonso Garcia also complains about the high level of tax that Spanish clubs have to pay given the extent to which they contribute to Spain's international profile. He is also upset by the way in which the tax authorities chase unpaid debts, but this is hardly surprising given Spain's problems.

The business of selling Spurs

There is no doubt that ENIC International, the investment company owned by billionaire Joe Lewis, would sell Tottenham Hotspur if the price was right.   The original plan when he took control in 2001 was to sell within three years. Whether he can get the near £1 billion he wants is another matter.

Indian Super League gets ready for launch

India's new football Super League is getting ready for its launch on October 12th.  It hopes to give Indian Premier League cricket a run for its money.

India is seen as one of the world's last great untapped football markets.   The ten week league hopes to harness growing interest in the game.  There is already a strong following in West Bengal, Assam and Goa. The games will be screened on the Star India TV network.

Harry gives it large

No surprise there, but this time Harry Redknapp is unhappy about financial fair play rules as they affect Queens Park Rangers.

He argued: 'To make it fair play we should be able to spend as much as Manchester United spent.  That would be fair?  Fair play would be everybody having £30 million or whatever to spend on the team.  You have seven teams at the top on another planet.'