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Category: Finances

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Former Bury FC director chains herself to drainpipe to save club

The club will be expelled from English Football League unless it provides evidence of solvency A former director of Bury FC has chained herself to a drainpipe at the club’s stadium in a bid to save the beleaguered team from impending extinction.The clu…

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Bury MP urges Manchester giants to help club after fifth game suspended

• Bury South MP Ivan Lewis calls on United and City to help• League One club under threat of EFL expulsion over financesBury have had a fifth game suspended by the EFL, as a local MP urged Manchester United and City to help their crisis-hit neighbours….

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Another Bury fixture suspended as EFL’s expulsion deadline looms

• Home match with Gillingham on Saturday latest to be called off• Club could have EFL membership withdrawn on 23rd AugustBury’s League One fixture at home against Gillingham on Saturday has been suspended, the EFL has announced. Related: Bury face 14-d…

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Kit sponsors can offer fond memories but betting logos would not be missed | Max Rushden

Tottenham with Holsten and Arsenal with JVC evoke shirt nostalgia but gambling is already front and centre in footballForty years ago this week, Liverpool announced the first ever top flight sponsorship deal in the UK with Hitachi – £100,000 over two y…

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Southampton continue to invest in youth after Gao Jisheng’s reshuffle

The Chinese businessman has remained in the background since purchasing 80% of the club but the club has recruited shrewdly from across EuropeWhen Gao Jisheng bought 80% of Southampton for £210m in August 2017 the club’s executives did not know what to…

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Bury owner Steve Dale offers to settle some – but not all – of club’s debts

• Proposal to pay football creditors in full and 25% of other money• Deal would avoid winding-up petition but not points penaltySteve Dale, the owner of financially stricken Bury football club, has offered to settle some of the club’s debts and avoid a…

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What do you need to run a sustainable EFL club? Luck, says Stevenage owner

• Phil Wallace hopes to raise £1.2m by selling 12% equity to fans• Funds would be used principally for transfers and wages, he saysRunning a sustainable Football League club is possible only if you are lucky, according to the Stevenage chairman, who is…

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Arsenal’s ongoing Champions League absence has not been so costly | David Conn

Even if the Gunners miss out in the Europa League for the third year running, Uefa’s ‘market pool’ will soften the blow for nowFor Arsenal, victory in the Europa League final in Baku – Uefa’s widely condemned choice of venue – carries the greater signi…

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Mike Ashley in talks with UAE’s Sheikh Khaled over £350m Newcastle sale

• Several hurdles still to be addressed before sale can proceed• Rafael Benítez’s contract as manager runs out on 30 JuneMike Ashley is negotiating the potential £350m sale of Newcastle United to Sheikh Khaled bin Zayed al-Nahyan of the United Arab Emi…

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Premier League finances: the full club-by-club breakdown and verdict

Club accounts for 2017-18 show Manchester United spent the most on wages while champions Manchester City had the third-highest billFinancial figures for 2017-18, for the 20 clubs who were in the Premier League during that season. All details from the m…

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Premier League clubs’ record £4.8bn revenues widens gap to rest of Europe

• Figures dwarf record revenues posted by La Liga and Bundesliga• Gulf between Premier League’s top six and rest is also growingThe Premier League’s 20 clubs made record revenues of £4.827bn in 2017?18, paying total wages of £2.8bn, the Guardian’s annu…

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Osama bin Laden relative mentioned in Sheffield United investor talks

• Details revealed in court case between club’s co-owners• Possibility of Saudi-based investment discussed in 2017 meetingA Saudi businessman related to Osama bin Laden featured in discussions about investors in Sheffield United, a court in London anal…

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Ed Woodward backs Solskjær after Manchester United post strong finances

• Club posts revenues of £152.1m for the quarter• Executive vice-chairman says finances offer a solid foundationEd Woodward reflected on a “turbulent season” for Manchester United but the executive vice-chairman gave his unequivocal backing to Ole Gunn…

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Bolton will start next season in League One with 12-point deduction

• Points deduction enforced after Bolton appoint administrators• EFL confirms sanction with club owing more than £1m to HMRCBolton Wanderers will start next season in League One with a 12-point deduction after going into administration, the EFL has ann…

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Toxic tactics behind Coventry’s slide from FA Cup glory to brink of oblivion

The litigious, intransigent hedge fund that owns the club is bringing a proud institution to its kneesThere are a couple of signposts to help navigate the barmy situation at Coventry City, to understand how a club can be about to make itself homeless a…

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Der Spiegel’s Rafael Buschmann: ‘In Portugal this is a big political scandal’

Journalist who has worked with Football Leaks to expose wrongdoing doubts justice awaits for the website’s founder“He’s more afraid about what will happen on the political stage because football is completely involved in the mechanisms of the Portugues…

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Liverpool paid agents £43.8m over last year – £17m more than rivals

• Chelsea (£26.8m) and Manchester City (£24.1m) are next on list • Spurs made £113m profit in 2017-18 to break Liverpool’s recordLiverpool spent £43.8m on agents’ fees during the past year – around £17m more than any other Premier League club – accordi…

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Bolton and Macclesfield granted more time in high court over debts

• Cash-strapped Bolton given two weeks to settle their debts• Macclesfield also avoid high-court winding-up orderBolton Wanderers have been given two weeks to settle their debts and avoid a winding-up order, a high court hearing in London has ruled.The…

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Manchester City’s Pep Guardiola says legacy will not be tainted by FFP claims

• Uefa have opened investigation into Premier League champions• Manager insists achievements will ‘absolutely not’ be souredPep Guardiola has insisted his legacy at Manchester City will not be tarnished because of allegations of financial fair play irr…

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Bolton given 24 hours to provide safety assurances for Millwall match

• Concerns club may not be able to pay for stewarding• Bolton failed to pay staff their February wagesBolton have just under 24 hours to assure the local council that safety provisions will be in place for their Championship game on Saturday against Mi…