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Football Finance

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Chinese group takes majority stake in Inter Milan

Chinese appliance retailer Suning Commerce Group has agreed to pay €270m for a 70 per cent stake in Inter Milan.   The retailer is already active in domestic Chinese football.

Ex-owner , Indonesian businessman Erick Thohir, remains as president with a reduced stake of 31 per cent.   The club is thus entirely in foreign hands for the first time.

American owners at Swansea

The takeover of Swansea City by an American investment group was completed yesterday.  The consortium is fronted by Jason Levein and Steve Kaplan, who have extensive experience in American sports.

Villa top Midlands finance table

They may have been relegated, but Aston Villa top a new football finance table of Midland Premiership and Championship clubs.  The table was compiled by Deloitte and is based on revenues earned.  If nothing else, it shows the potential of Villa to bounce back.

Revenues grow in Leagues 1 and 2

The latest Deloitte Sports Business report shows that a 14% fall in League 1 revenues was primarily due to the absence of Wolverhampton Wanderers, whose revenue comprised 22% of the division's total in the previous season.  The 17 clubs present in Leaguie 1 in both 2013/14 and 2014/15 grew combined revenues by 6%.  League 2 clubs' revenues were 5% higher than in 2013/14.

Championship clubs have strained finances

The finances of Championship clubs continue to be strained, even perilous, according to the latest report from Deloitte Sports Business.

Championship clubs generated combined revenues
of £548m in 2014/15, 12% up on the previous year
and a new record.  The division’s revenue continues
to be heavily influenced by parachute payments and
solidarity distributions from the Premier League.

Second year of profits for Premier League

For the first time since 1999, Premier League clubs have recorded a second consecutive year of aggregate pre-tax profits, generating approximately £120m in 2014/15, according to Deloitte, the business advisory firm. This is the second highest-ever aggregate pre-tax profit for Premier League clubs, and follows last year’s record-breaking profit of £190m for the 2013/14 season.

Hull City's future in doubt

With Hull City having gained access to the riches of the Premier League, speculation has intensified about a takeover.   The club has been for sale since 2014 when the owner failed to get the club's name changed, but it is now a more attractive prospect.   Some reports say that talks have been in progress since early this month.

Steve Bruce has said that he will need assurances from the owners  if he is to stay as manager.

Row over future of Champions League

Europe's top clubs are pushing for radical changes to the Champions League in order to secure more funds to offset the financial dominance of the Premier League.    

Clubs particularly in Italy and Spain are pushing for changes that would involve more matches between top teams.   They argue that this could be more lucrative in terms of commercial and media revenue.

The £180m game

Even if they are relegated straight back to the Championship, the winner of the play off final between Hull City and Sheffield Wednesday is likely to be £180m better off explains sports lawyer Daniel Geey.

The rewards from promotion set up serious tensions in the Championship.   In the last published set of figures for 2014-15, half the clubs in the division had wage bills more than 100 per cent of turnover.

Are clubs more interested in profits than success?

Carlo Ancelotti has suggested that Arsenal and Manchester United are more interested in profits than success.   However, this Arsenal fan thinks that his club have turned a corner and are now more focused on success.