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Football Finance


Leeds decision deferred

Massimo Cellino''s appeal against his disqualification as a prospective owner of Leeds United was heard in London yesterday, but the independent QC in charge of the appeal has reserved judgment while he considers the arguments put forward.   This at least implies that he thought Cellino had a case worthy of further consideration.

The club owned by a state

Some of the most reflective and in depth football writing today is to be found in the Financial Times.  This is particularly the case when Simon Kuper writes one of his in depth pieces as he did in Saturday's Weekend Magazine that accompanies the Pink 'Un.   He took an in depth look at Paris Saint-Germain.

End game in Owls takeover

A possible takeover of Sheffield Wednesday by a Chinese consortium which has been on the horizon since last summer is likley to be resolved one way or another within the next fortnight.

Former Birmingham director and Hong Kong Sammy Yu, a former player and coach of the Hong Kong team, is on friendly terms with Owls owner Milan Mandaric.   Interest appeared to fade when the club appeared to be in some danger of relegation, but they are now almost certain to stay in the Championship.

Is United's lack of success denting Premiership brand?

Premier League chief executive Richard Scudamore is concerned that Manchester United's lack of success is denting the Premier League brand and affecting interest and the audience in some parts of the world.

Most neutrals in England welcome the more open title race this season as adding interest, but United do have the greatest global recognition of any club and their many followers could quickly become disillusioned.   Some may, of course, switch to following other clubs.

Portsmouth can cope with relegation

Portsmouth are confident that they will not be relegated from League 2 to the Conference, but should the worst happen they think they could cope financially.

Their attendances are currently higher than those they were recording when they were in the Championship and, if they were relegated, they would have the highest crowds ever seen in the Football Conference, beating those currently achieved by Luton Town.

Leeds United in crisis talks

Leeds United have held crisis talks with both GFH Capital and Massimo Cellino as doubts persist about whether the club can meet this month's wage bill,    Manager Brian McDermott has said that the uncertainty is starting to affect player morale.

Ken Bates back in Leeds mix

Ken Bates is back in the mix at Leeds United as if the situation wasn't confused enough.  Apparently, the cuddly 'Mr Football' has an office above the Subway branch near Elland Road and was prepared to put £1.5m into the Sport Capital Consortium.

Can anyone make money in the Championship?

It's a good question to ask and this blog post provides an interesting overview, whilst acknowledging that some of the data sources we have in terms of filed financial accounts are incomplete or difficult to interpret because of complex structures.

Leeds need investment now says Cellino

Massimo Cellino is to appeal against the Football League's decision to bar him from taking over Leeds United, insisting that he is not a crook.   However, he says that Leeds need investment now. 

He has already loaned £6m to the club who are believed to face a cash flow crisis.   Players' wages are due this week and owners GFH Capital have not put any money into the club since before Christmas.

Debt picture improves in Scotland

Scottish football has been through a very challenging time financially with leading clubs such as Rangers and Hearts facing major challenges.   Smaller clubs have also found it difficult to make ends meet given low attendances, a lack of sponsorship, limited television revenue and the cost of travelling to many away games.

However, this interesing article suggests that the picture is improving, although many challenges remain.