Bolton Wanderers looking for Sports Shield solution

Bolton Wanderers are hoping a solution can be found between Dean Holdsworth’s Sports Shield company and its creditors.  Sports Shield have a 37.5 per cent stake in the club.  The hearing of a winding up order against Sports Shield has been deferred until August 21st.

The whole matter is complicated and the English Football League has become involved.  Their agreement is required to a proposed solution.  However, there is no impact on the club’s day-to-day operations.

Football has become more superstar-centric

Commenting on the Neymar transfer, soccer economics guru Stefan Szymanski has said that it shows how a team sport has moved towards a superstar-centric model.

He told the Financial Times, ‘If you think how football was 30 years ago, the overwhelming majority of a team’s money came from the local fan base.   The difference today is the global reach of teams, through all forms of media, so that the revenue generating potential comes from global celebrities like Neymar, Messi and Ronaldo.’

Neymar and financial fair play

Sports lawyer Daniel Geey discusses how the signing of Neymar by Paris Saint-Germain relates to financial fair play (FFP) rules.

The FFP rules were revised in 2015, so clubs must show that they do not have losses of more than €30m over a three year period, although spending on stadiums and youth development are exempted.  Javier Tebas, La Liga president, believes the Neymar deal would breach FFP.

Big variations in Premier League wages

There is considerable variation in Premier League wages with an almost four to one ratio between the club with the highest average wages in 2015-16 and the club with the lowest.  Data from thepriceofffootball shows that five clubs had average wages of over £100,000 a week, led by Manchester United on £119,088, followed by Chelsea, Liverpool, Manchester City and Arsenal.

There was a big gap between Arsenal on £100,198 and Tottenham Hotspur on £51,304.  Bournemouth was the most parsimonious club on £30,542.

Worcester City to appeal stadium decision

Worcester City are set to appeal against a second refusal of planning permission for their proposed 4,000 capacity stadium at Perdiswell Park.   The club has been without a home since selling St. George’s Lane in 2013,

The club has dropped down three tiers in the non-league pyramid into the Midland League Premier Division because they could not afford to play at a higher level while ground sharing at Bromsgrove Sporting 16 miles away from the cathedral city.