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Articles and reports on financial issues within football – soccer – from The Political Economy of Football.
Chairman Jeremy Peace has effectively put West Bromwich Albion up for sale. He said in a statement that he will listen to any ‘substantive and sensible proposals which are in the best long-term interests of the club’, including those for his 51 per cent of the club’s shares. The reasoning behind his decision is simple: the club needs more money to compete effectively in the Premiership.
Fans of Lincoln City were praised by a judge who said they had helped save the football club as he discharged the administration order which had been imposed three months ago. Hundreds of thousands of pounds had been raised by fans by many methods including a seat-naming scheme. The club’s future now looks secure after a hearing at the High Court in Birmingham. It follows an agreement between shareholders and creditors which guaranteed the Sincil Bank club for the next two years.