Should clubs cut prices?
The BBC published a lot of data yesterday about how much it costs to go to a match at different clubs, even down to the cost of a pie (although often there one is not comparing like with like).
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The BBC published a lot of data yesterday about how much it costs to go to a match at different clubs, even down to the cost of a pie (although often there one is not comparing like with like).
In what has rightly been described as a pivotal moment for Portsmouth FC and football generally, Portsmouth Supporters Trust (PST) have been named as preferred bidders to take the club out of administration.
PKF Football Industry Group has produced its latest Leagues Apart Survey of the finances of football clubs based on the responses of finance directors and it makes for bleak reading. The report argues that the divide between rich and poor in football is growing.
This article by Canada’s leading news magazine on the state of Spanish football perhaps goes too readily down ‘the football bubble has burst’ route which is the increasing first resort of journalists everywhere. Undeniably, Spanish football faces big challenges which are in part related to the country’s economic, financial and political problems. It could suffer the kind of decline experienced by Italy’s Serie A.
As it so happens, I had a pleasant day out in the mild autumn weather in Herefordshire yesterday. The road signs at the county border showing a bull and a ‘we can’ slogan got me thinking about the fate of Hereford United. When I got home there was an e-mail directing me a statement by the club about its financial plight.
Craig Whyte has set out a defence of his actions at Rangers in an interview with the BBC. In particular, he makes allegations against the administrators, claiming that they knew about the Ticketus season ticket deal which enabled Mr Whyte to buy the club.
Port Vale fans deserve some luck and they may have got it in the shape of Alchemy Investment Group, named today as the preferred bidder to take the Burslem club out of adminstration
The latest issue of Four Four Two has a feature article on Port Vale headlined ‘Britain’s most dysfunctional club.’ There are a few others that might deserve that title, but Vale fans have certainly been to hell in a handcart and back.
The financial benefits of being in the Premiership are demonstrated by the profit after tax of £14.6m on a turnover of £65.2m achieved by Swansea City in their first year in the top flight. This in spite of the fact that operating costs, particularly wages, doubled following promotion. However, in their promotion year the Swans made a net loss of £8.3m.
West Ham’s bid for a tenancy at the Olympic Stadium could be held up by a state aid probe by the European Commission. Competition commissioner Alexander Italinier has given notice of an investigation into the public financing of stadiums used by professional clubs.
The Financial Times runs some good pieces of analysis on the business side of football, although invariably they seem to rely quite heavily on quotes from the admittedly authoritative and very well informed Dan Jones of Deloitte Sports Business.