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.    

Chelsea extend shirt deal

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Chelsea have renewed their shirt sponsorship with Samsung until the end of the 2014-15 season.  The deal is said to be worth about £18m a year.  However, that is dwarfed by the £50m annually that Manchester United agreed this summer to have General Motors, the makers of Chevrolet, as their shirt sponsor from 2014-15.

Economics gives the answers at Arsenal

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Peter Hill-Wood, the Arsenal chairman, has admitted the club “can’t compete” in the transfer market with their Premier League top-four rivals. But Hill-Wood was confident the club would mount a serious title challenge and insisted the board was not worried about manager Arsène Wenger’s failure to win a trophy for seven years.

FA shirt deal will cost fans

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The Football Association has signed a new shirt deal with Nike.  No doubt it is good business for them, but it will prove costly for England fans as they face the prospect of three different shirts in as many years. Fans will have to decide whether to pay £50 for a new shirt every season which, of course, costs a fraction of that to produce offshore.   Some fans have only recently bought the present kit.