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WG 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.
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.
The negotiations over José Mourinho’s contract with Manchester United have hit a snag over his trademark. Chelsea will demand a settlement of several million pounds to pass on the trademark for him which the club has owned since 2006.
Chelsea owns three separate Mourinho trademarks which are due to expire between 2023 and 2025. If retained, they would prevent United attaching their manager’s name to a wide range of merchandise including teddy bears, after shave, computer games and football boots.
Arsenal became the first team to collect more than £100m in Premier League prize money in the season just ended. Next year the club that comes 20th is likely to earn that.
Following their £101m came Manchester City with £96.7m, Manchester United with £96.5m and Tottenham Hotspur with £95.2m.
Title winners Leicester City came in fifth, receiving £93.2m. Their matches were selected for broadcast only 15 times, compared with 26 at Manchester United and 25 at Manchester City.
The latest club to receive the forensic financial analysis of the Swiss Ramble blog is Brentford. As usual. there is a wealth of comparative data on other clubs in the Championship. One general point to emerge is the extent to which ever growing parachute payments distort competition in the Championship to the disadvantage of clubs like Brentford.
Bradford City has been bought by a German consortium in an unexpected development, although apparently negotiations have been going on for a year, League One clubs with potential are attracting increasing interest from foreign buyers.
It is believed that the price paid was around £6m which is a relative bargain for a club with Championship potential.
Co-owners Mark Lawn and Julian Rhodes are stepping aside as part of the deal.
What is claimed to be a ‘miscommunication’ led to Aston Villa overstating the number of companies under the control of new owner Tony Xia.
It was claimed that his company had the controlling interest in five publicly listed companies. In fact it only has a 75 per cent stake in Lotus Health, a large producer of the food additive MSG. Four other companies are said to be in the process of acquisition.
New Sunderland chief executive Ellis Short has been given the task of boosting the club’s finances. Their last set of accounts showed that pre-tax losses has gone up by £8m to £25.4m. Turnover fell from £104.1m to £101.1m.
Staying in the Premier League was vital as they will benefit from the new television contracts. Boosting sponsorship and merchandising revenues may not be easy.
FC Twente are to fight a decision to relegate them from the Dutch Eredivisie, which they won in 2010, to the second division for financial irregularities. The decision stems from the sale of player transfer fee rights to outside investors.
The licensing commission could have revoked their right to play professional football altogether, but this would have been difficult with a well supported club. However, relegation will strain their finances.
Having terminated its kit deal with adidas which was worth £30m a year, Chelsea are expected to conclude a new deal with Nike worth £600m over ten years. This would rank them second after Manchester United in terms of kit deals. Arsenal’s kit deal with Puma is worth just over £30m a year.