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Football Finance

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Wenger thinks that playing field is levelling up

Arsenal manager Arsene Wenger thinks that financial fair play is hitting home and levelling the playing field in the Premier League to give Arsenal a better chance.

He commented, 'I would say that the balance of power is a bit more even that it was five or six years ago.   That's because of Financial Fair Play, added to us having more financial power than five years ago.  That gives us a better chance.   A few seasons ago, I was thinking 'Who will go next?'

Saints alive

Southampton have sold more players off in one fell swoop than any non-relegated club.   This piece takes an in depth look at the situation.

The intentions of owner Katharina Liebherr, who inherited the club from her father, are unclear.  However, if she wanted to sell, the club would be an attractive prospect with its prosperous catchment area and modern stadium.   Quite what sort of owner might emerge is another matter.

Glazers sell more shares

The Glazers are to sell 5 per cent of their holding in Manchester United which should raise them $150m. A road show to sell the Class A shares will start next week.   They sold a tranche of 10 per cent in 2012.

Debt free status avoids fire sale

When a club becomes debt free, as Dundee United now are, it can help to avoid fire sales of players. This means they do not have to be let go below their market value to boost cash flow.   They can also be retained longer, contributing to playing success and enhancing their value.

Financial fair play affects transfer decisions

Financial fair play is starting to have an effect on the transfer strategies of Championship sides, as the example of Wolves shows.   Clubs are likely to offload players on big salaries, £20k a week in this case, although that is not big by Premiership standards.

Doncaster Rovers takeover fails

The takeover bid by One Direction singer Louis Tomlinson and John Ryan for Doncaster Rovers has failed.   The associated crowdfunding inititaive raised only about half the money required.   The Football League has told the pair that they would not meet its 'fit and proper person' test.

O's sold to Italian businessman

Leyton Orient have become the latest English club to be taken over by a foreign owner after chairman Barry Hearn agreed to sell his 90 per cent stake in the club to Italian businessman Francesco Becchetti who works in renewable energy and waste management..   This shows that even a smaller London club in League 1 can be an attractive proposition.

No deal yet at Villa

Aston Villa owner Randy Lerner has issued a statement saying that talks on the sale of the club have been productive and ongoing.   However, no deal on a sale has been reached eight weeks after the club was officially put on a market.

Salisbury City fights on

Salisbury City has been expelled from the Football Conference.  However, efforts continue to be made to save the club with a window of opportunity provided by the 14 days in which an appeal can be made to the Football Association against the expulsion decision.   Other clubs are to be concerned about the financial implications if the Conference South runs with 21 clubs.

Financial Fair Play and the Championship

This article takes a look at Financial Fair Play (FFP) and its implications for Championship clubs, attempting to forecast which ones might be caught out.

It confidently asserts that the Football League will apply the rules as intended in January 2015, attempts to modify them have failed to secure the necessary 75 per cent majority.