Article Taxonomy: Football Finance

Articles and reports on financial issues within football – soccer – from The Political Economy of Football.

Revenue and profits fall at United

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The consequences of an early exit from the Champions League are demonstrated by Manchester United’s latest accounts which show a fall in revenue and profits for the year ended 30 June 2012.

Gold calls for wage freeze

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West Ham co-owner David Gold has called for a wage freeze in the Premier League.   The amount clubs could be pay out would be capped at this year’s wage bill and only increased by the rate of inflation thereafter.   Eventually there would be a freeze on ticket prices.

Clubs get euros compensation

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UEFA’s established a €100 million fund to compensate clubs for releasing players for the 2012 European Championship qualifiers and finals.    For example, Norwich City received €57,652, about £46,000.

Sisu defend their actions at Sky Blues

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Controversial Coventry City owners Sisu have committed to the club for the next three years, a fans’ forum was told last night.  Sisu have now pumped £42 million in to the club – £35 million of which they have written off as equity.   Former director and front man Onye Igwe has left the board and Sisu altogether.

Truro’s troubles continue

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Truro City has put out a desperate appeal to fans to come to the game on Saturday so it can continue to operate.  The administrators in charge of the club said the gate receipts were its only income.

Difficult choices at Leeds

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This article contains some interesting information on the financial situation at Leeds.  It is based on work commissioned by the Supporters’ Trust there from an outside financial expert.

United value falls

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Manchester United have seen the club’s value drop by about £137m since their flotation on the New York Stock Exchange just over a month ago.   


The Initial Public Offering was priced at $14 a share, below the $16 – $20 price targeted by the Glazers. However, the share price dropped to a low of $12.59 this week, a 10.1 per cent dip.   This meant that the club was valued at £1.29 billion compared with £1.42 billion on the August 10 launch date.

Italian consortium bids for Blues

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An Italian consortium headed by former QPR owners Gianni Paladini and Flavio Briatore has made a bid for Birmingham City.   One report states that a bid of £12m (which would be laughable) has been rejected, but the BBC is putting the bid at £25m.

This is short of the £40m leading shareholder Carson Yeung wants, having paid £81.5m for the club three years ago,   There is also an outstanding loan of £7.8m owed to Birmingham International Holdings Ltd. which Yeung would want covered in any deal.    

Middle East bid for Pompey

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Rumours of a bid by a Middle East consortium for Pompey have been confirmed.   They will need to put a credible bid together quickly, as the other two bidders, former owner Balram Chainrai and Portsmouth Supporters’ Trust, have been given until this Friday to finalise their bids.