Mixed news for Sky Blues

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As expected, Coventry City have been deducted 10 points by the Football League, effectively ending their chances of promotion this year. It is believed that Coventry’s ‘golden shares’ in the Football League and Football Association are still with Coventry City Football Club Ltd. which has gone into administration rather than Coventry City Football Club (Holdings). Hence, Arena Coventry Limited (ACL) were able to ask the High Court to dismiss their own application for an administration order.

Good financial results for Magpies

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Newcastle United have reported a profit for the second successive year of £1.4m. For most companies of their size, that would be disappointing, but in football it’s a good outcome to be in the black. The new Premier League television deal that begins next season should lead to even better financial results.

The wages-to-turnover ratio is over two-thirds and hence well above the recommended 50 per cent level, but it is still much better than at many Barclays Premier League clubs.

What is your club worth?

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This blog first saw the light of day in its original form in the late 1990s.   Then it was one of the first sites to deal with the subject of the interaction between economics, finance, politics and football.   Since then many new sites have appeared.    Competition is always healthy and many of the sites offer in depth analysis of the finances of clubs or of football in general.

The Watford model

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Watford have come in for a lot of criticism from other Championship clubs this season for their use of international loan players.   They insist they have stayed within the rules, but their creative interpretation of them has led the Football League to propose rule changes that would bring international players within the five player limit.