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Ben Hayes - Charlton Athletic programme

Football Finance

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Good and bad news in Rangers accounts

The latest accounts from Rangers for the six months to December 31st contain both good and bad news. On the postive side, the operating loss was down by £800,000, largely reflecting the fact that costs were down £1 million.  Revenue was stable at £13m, reflecting the fact that the alienated fans who had decided to stay away had already gone.

Champions league money boost

Premier League clubs are already desperate to secure one of the Champions League places, for the prestige as much as for the additional income.  For Liverpool it could make the difference between a season that is viewed as successful and one that is not.

The financial rewards are going to increase considerably next season.  Appearance money from the group stage is going to increase by 50 per cent.

Doubts about Premier League assistance

The £1 billion provided by the Premier League out of the new £5.14bn television deal for grassroots football, solidarity payments to lower leagues, help for the disadvantaged and other purposes has been generally welcomed by fan organisations.   

They have also welcomed the intention to make the Premier League a living wage organisation, although some doubts have been expressed about how this will apply to sub-contractors such as match day stewards.

English clubs seen as good value by American investors

When the takeover of Crystal Palace is completed as expected by the end of the season, it will become the fifth American owned club in the Premier League.  At £90 million the price is higher, even allowing for inflation, than the £62m Randy Lerner paid for Aston Villa in 2006 or the £22m Ellis Short paid for Sunderland in 2009.

Magpies are latest club in profit

Newcastle United are the latest Premier League club to report a profit for the 2012-13 season, £18.7m up from £9,9m in the previous financial year.   This is the fourth consecutive year in which the club has made a profit.

As far as fans are concerned, this profit has not been reflected on the pitch with a thin squad and insufficient acquistions of new players.   The club is £129m in debt to owner Mike Ashley.

Check the financial health of your Premiership club

Mail Online have produced a very useful summary guide to the financial health of Premiership clubs.  In the days before the advent of the internet we would have called it a 'cut out and keep guide'.

Good results at Southampton

A good season on the pitch for Southampton FC has been matched by a good set of financial results for 2013-14.   Southampton have more than exceeded the expectations of the pundits, some of whom were forecasting relegation at the beginning of the season.

Money laundering in football

This blog article takes a look at the links between football and organised crime, arguing that it offers opportunities for money laundering.   The need of clubs for large sums of money can lead to them being drawn into relationships with dubious individuals.

Major League Soccer or Minor League Soccer?

In many ways Major League Soccer in the United States is doing well.   It hopes to expand from 20 to 24 franchises by 2020.  It is appealing to so-called 'millenials' in the 18-32 year old age group who grew up playing soccer and watching the Premier League on television.

'Transformative moment' for Premier League

Premier League clubs have made their first collective profit for 15 years.  Dan Jones, a partner at Deloitte's authoritative Sports Business Group, hailed the news as a 'transformative moment'.  It showed that the Premier League could keep a grip on costs while still attracting top players.   He commented, 'You can still afford to compete on talent and still have money left at the bottom line.'