From hero to zero

Having won an unlikely Premiership title for Leicester City, Cladio Ranieri was peremptorily sacked as manager yesterday, a fortnight after winning the dreaded vote of confidence.

His dismissal reaffirmed two clichés of contemporary football.   First, it’s a results business.  Leicester are in real danger of being relegated to the Championship.  

AS Monaco’s dilemma

AS Monaco face a difficult financial balancing act.   In 2014-15, the club made €117m, less than a third of Paris Saint-Germain’s total for the same campaign.  With little match-day and commercial revenue, they are very reliant on Champions League qualification.    They can make €2m from a Champions League game.  This means remaining competitive on the pitch while seeking to maximise profits in the transfer market, a difficult balancing act.

Top Chinese club phase out foreign players

China’s top football team has pledged to phase out foreign players after the government called on clubs to stop ‘burning money’ on ‘irrational’ international transfers, amid a wider crackdown on capital outflows.

Guanzhou Evergrande, winner of the Chinese Super League (CSL) for the last six seasons, led the way in the importation of foreign talent.   They spent several hundred million dollars, winning the Asian club championship in 2013 and 2015.

Chaos at Orient

Leyton Orient are in a state of chaos under owner Francesco Becchetti and face relegation to the non-league pyramid for the first time in their history.   Becchetti is now neglecting the club, using protests as an excuse, and refusing to authorise any squad additions.

It will be difficult to find a buyer for the League 2 club, the second oldest professional club in London, as the owner has loaded it with £9m to £10m of debt.

Bolton owners at odds

Bolton co-owners Ken Anderson and Dean Holdsworth have an increasingly strained relationship and the whole matter could end up in court.

Chairman Anderson spoke out on the club website about the sale of Zach Clough to Nottingham Forest for £2.5m, claiming that he was left with no alternative after Dean Holdsworth refused to provide any funds to financially support the club.

‘A merchandising company that happens to play football’

As Manchester United report a good set of quarterly results, it is worth recalling the description of them in the Lex column of the Financial Times last month: ‘a merchandising company that happens to play football.’

QPR change new stadium plans

Queens Park Rangers have decided to go for a more modest version of their planned new stadium, according to a report in The Times.

Queens Park Rangers hope to draw up plans soon for a new 30,000-seat stadium on the site of the Linford Christie athletics track in west London.