Skip to main content

"If you want some accessible but informative insight into football then I suggest you couldn't do better than the Political Economy of Football website, which is not only intelligible but comes with the added bonus of being written by Addicks fan Wyn Grant."
Ben Hayes - Charlton Athletic programme

Football Finance


American takeover at Swansea City

Swansea City are in talks with American investors about a £100m takeover of the club.   The Supporters' Trust would retain its 21 per cent stake and a seat on the board.  The Trust has issued a statement outling its initial reaction to the proposal.

West Ham won lottery says Wenger

West Ham won the lottery with their cheap deal to play at the Olympic Stadium, according to Arsene Wenger.   In contrast, Wenger had to sell his best players to fund the move from Highbury to the Emirates. He said that the first six years were very difficult for him financially.

United players face pay cut

Manchester United players will be forced to take a pay cut if they do not qualify for the Champions League next season.   The players and the coaching staff stand to lose about £14m if they do not finish in the top four of the Barclays Premier League this season.  That works out at about £500,000 a player.

Notts County sale imminent

The sale of Notts County is reported to be close.   It could take place within a week or even tomorrow.  The identity of the purchasers is not known, although there has been speculation about an American consortium.   Potential Danish and Chinese buyers have also been interested.

Profits up at Newcastle

Newcastle United are the latest club to report increased profits,  the after tax margin up from £18.7m to £32.4m in the year ending June 2015.  

However, their position is more perilous than it appears.  £80m has been spent on new players in the two transfer windows this season, not to any apparent great effect.   Moreover, the wage bill has gone up and there are no relegation clauses in players' contracts should the club go down.

The petrodollar derby

Tonight's Champions League game between Manchester City and Paris Saint-Germain is more than a clash between teams representing two major European cities.   It is also has a geopolitical dimension, built around Arab oil wealth.   It is Qatar versus Abu Dhabi, the al-Thani family versus the al-Nahyan family.

Dr Christopher Davison, a reader in Middle East Politics at Durham University, has described the acquisitions of City and PSG as part of 'soft power' strategies ('hard power' is generally associated with military might).

Burnley's model finances

The author of the Swiss Ramble blog has turned his attention to Burnley whose latest accounts were released recently.   They relate to last season in the Premiership where the Clarets seem very likely to return.

Football clubs in great financial shape

Football clubs have never been in better financial shape, according to a study by insolvency experts Begbies Traynor.   Only two clubs show signs of financial distress.   That amounts to three per cent of the total compared with 18 per cent in 2012.

The improved performance is down to the trickle down effect of television money, but also to good housekeeping enforced by the Football League and Her Majesty's Revenue and Customs.

Cull of managers continues

The managerial merry go round continues in the Football League.   Of the 72 clubs, 42 have made managerial changes and eight clubs have made a second change of the campaign.   Charlton have had three head coaches.

At Notts County Mark Cooper replaced Jamie Fullarton only 69 days after Fullarton himself replaced Ricardo Moniz.   Cooper has been given a points target to meet if he wants to remain in post.

The non-league route to glory

Rich individuals sometimes think that investing in a non-league club can be a route to football glory.  It can work, Fleetwood Town being an example.  It can also go pear shaped when the money runs out, as happened at Rushden and Diamonds.  At AFC Fylde, in the play off positions in the National League North, the jury is still out.