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Category: Finances

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Wigan Athletic: lawyers appointed to investigate collapse of club

Possible gambling connection cited by Rick ParryEFL said various rumours and reports have been circulatingThe administrator of Wigan Athletic has said lawyers have been appointed to investigate the circumstances of the club’s collapse, including the ru…

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Brutal and bizarre: the story of how Wigan collapsed into administration | David Conn

On the day Au Yeung took ownership after a £41m purchase he decided not to fund the club, and an investigation is now dueThe brutal, bizarre collapse of Wigan Athletic has raised many glaring and alarming questions, but one central contradiction lies i…

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Premier League will hand over £1m to help Women’s Super League restart

We want the game to be successful, says chief executiveEFL has not approached for extra funding, Richard Masters addsThe Premier League will donate £1m to help the Women’s Super League restart next season but continues to stand its ground on providing …

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FA to make 124 positions redundant with Covid-19 bringing £300m losses

Coronavirus forces FA to focus on ‘core functions’Clarke: ‘There will be problems that will last for years’The Football Association has announced it is to make 124 positions redundant as it confronts potential losses of £300m because of the coronavirus…

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FA to make 124 positions redundant with Covid-19 bringing £300m losses

Coronavirus forces FA to focus on ‘core functions’Clarke: ‘There will be problems that will last for years’The Football Association has announced it is to make 124 positions redundant as it confronts potential losses of £300m because of the coronavirus…

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FA to make 124 positions redundant with Covid-19 bringing £300m losses

Coronavirus forces FA to focus on ‘core functions’Clarke: ‘There will be problems that will last for years’The Football Association has announced it is to make 124 positions redundant as it confronts potential losses of £300m because of the coronavirus…

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Blackpool owner Simon Sadler: ‘I think clubs will go like dominoes’

The boyhood fan reflects on football’s financial chasm, voting to end the season – and banishing memories of the Oyston eraWhen a local boy done good, Simon Sadler, bought Blackpool last June from the toxic ruins of Owen Oyston’s ownership, he ushered …

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Premier League clubs set for £500m collective loss due to coronavirus

Loss of TV income and matchday revenue hits hardNew TV deal from start of next season will soften blowPremier League clubs should be braced for a collective £500m loss of revenue because of the coronavirus pandemic, Deloitte has warned.The accountancy …

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Premier League clubs set for £500m collective loss due to coronavirus

Loss of TV income and matchday revenue hits hardNew TV deal from start of next season will soften blowPremier League clubs should be braced for a collective £500m loss of revenue because of the coronavirus pandemic, Deloitte has warned.The accountancy …

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Gianni Infantino ponders salary caps in post-coronavirus football

• Fifa president says ‘difficult period’ can lead to major changes• Latest Premier League tests show zero positives in 1,195 samplesThe Fifa president, Gianni Infantino, has admitted salary caps may be necessary to restructure football’s finances in th…

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Tottenham take £175m Bank of England loan to ease coronavirus impact

Spurs fear losing more than £200m of revenue to June 2021Loan will not be used to buy new players in summerTottenham have borrowed £175m from the Bank of England to help them through the next year or so, as they respond to the financial destruction of …

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Lower-division clubs need urgent rescue package, says MP Damian Collins

‘Only a few weeks left to save professional football as we know it’MP proposes a Football Finance Authority to help clubsThe MP Damian Collins, supported by 18 MPs and former Football Association and English Football League chairs, has written to the c…

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Lower-division clubs need urgent rescue package, says MP Damian Collins

‘Only a few weeks left to save professional football as we know it’MP proposes a Football Finance Authority to help clubsThe MP Damian Collins, supported by 18 MPs and former Football Association and English Football League chairs, has written to the c…

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Gary Neville warns of looming financial ‘nightmare’ for Football League clubs

Neville predicts ‘carnage economically’ in coming monthsWest Brom chairman says club want to play out seasonGary Neville has said he fears a financial “nightmare” is looming for Football League clubs because of the ongoing coronavirus crisis.“I do thin…

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The Premier League must finally share wealth to save English football | David Conn

The argument for financial reform is at last beyond credible dispute as historic clubs face ruin owing to the Covid-19 crisisEven before football was plunged into crisis by the Covid-19 pandemic, influential people in the game were discussing the need …

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Manchester United warn of long-term economic effect of virus to clubs

Club suffered £28m loss in first three months of yearBroadcasters due £20m rebate even if season completedThe Premier League will suffer an economic fallout from the coronavirus pandemic for “years to come”, with clubs facing a broadcasting bill of at …

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‘People’s lives depend on it’: the sacked English defender stuck in Spain | Sid Lowe

Charlie I’Anson’s contract in the third tier has been terminated but the lockdown has left him unable to come back to UKCharlie I’Anson spent Thursday packing up boxes in the small flat he rents near Madrid, finalising the details of his dismissal from…

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Football on TV: ‘Pubs and clubs won’t bounce back for many months’

As part of our series on how coronavirus will change football, we look at TV rights, sponsorship and corporate hospitalityFootball is by far the most important sport on TV. If you’re going to spend money on rights it’s got to be on football and it’s go…

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British sport faces devastating £700m black hole from Covid-19 pandemic

MPs told of huge impact on football, rugby and cricketECB warns of £380m loss; RFU £107m; EFL £200mThe devastating financial effect of coronavirus on British sport was laid bare on Tuesday with the Football League, the Rugby Football Union and the Engl…

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British sport faces devastating £700m black hole from Covid-19 pandemic

MPs told of huge impact on football, rugby and cricketECB warns of £380m loss; RFU £107m; EFL £200mThe devastating financial effect of coronavirus on British sport was laid bare on Tuesday with the Football League, the Rugby Football Union and the Engl…