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Category: Finances

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Aston Villa reach agreement with HMRC over £4m tax bill

• Villa pay £500,000 with £1.2m expected by the end of week• Xia admits it has been ‘a very difficult’ two weeksAston Villa have reached an agreement with Her Majesty’s Revenue and Customs over a £4m tax bill.The agreement will allow the club, who miss…

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Championship clubs feel the strain as financial gap to Premier League grows

• Accounts reveal 19 of 24 clubs made losses in 2016-17 season• TV revenue still tiny compared with latest Premier League dealThe Championship continues to be a financially punishing league, with 19 of the 24 clubs having made losses in 2016-17, accord…

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Premier League clubs soar into profit with record £4.5bn revenues

• 2016-17 accounts show 17 top-flight clubs making money• First year of new TV deal and new regulations fuel boomThe first year of the Premier League’s record £8.4bn television deals, combined with financial regulations aimed at preventing the bulk of …

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Crystal Palace threatened with being dissolved over late accounts

• Premier League club’s accounts more than two months late• Registrar threatens parent company with dissolutionCrystal Palace have been threatened with being dissolved and struck off the companies register, for being more than two months late filing th…

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There is more to lament about fallen Swansea than relegation | David Conn

Swansea’s cooperative, supporter-led ownership ideal once admired in the game has also fallen through the trapdoor in resentful circumstancesA wider sadness surrounds Swansea’s relegation from the Premier League after an acrimonious couple of years tha…

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How Sheikh Mansour’s decade-long spree made Manchester City aristocrats | David Conn

As the club prepare to lift the Premier League trophy with the most expensive squad in football, the vision is coming to fruitionWhen Liverpool went to the Etihad Stadium for their smash-and-grab victory over Manchester City in the Champions League qua…

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Is the FA getting a fair price for the sale of Wembley to Shahid Khan?| David Conn

The rebuilt stadium cost £757m in 2007, far less than the £600m on offer, but the proposed deal makes sense – especially for grassroots footballOf all the questions prompted by the Football Association’s announcement that it is considering selling Wemb…

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Fifa chief to hold meeting over plan to create 24-team Club World Cup

• Gianni Infantino to meet heads of six continental confederations• Fifa offered $25bn by Japanese-led consortium to revamp cupFifa will hold a special meeting next month over a $25bn offer to revitalise the Club World Cup and also create a global nati…

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Mauricio Pochettino says Daniel Levy’s £6m salary is good for Tottenham

• Spurs coach believes revelation on chairman’s pay is ‘positive news’• Stoke trip deemed more important than last week’s Chelsea gameMauricio Pochettino has responded to revelations over the salary of Tottenham’s chairman, Daniel Levy, by saying it is…

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Liverpool lead way in £200m Premier League spend on agents’ fees

• Clubs paid out 20% more to agents in past year than in 2016-17• All but four clubs spent more than £5m, FA revealsPremier League clubs paid out more than £200m to agents in fees during the last year – a rise of 20% from 2016-17.The Football Associati…

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Said & Done: West Ham, Fifa’s rebrand, and Owen Oyston giving back

The week in football – also featuring: Ed Glazer, laptop abuse and 420 sucklingsWest Ham, looking to have their beer, Sky TV and VIP “hostess” provision costs met by the taxpayer. “We’re seeking no more than we’re entitled to under the contract – yet w…

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Champions League is for the elite few – and Uefa will struggle to change it | David Conn

Uefa’s president wants to improve competitive balance but the top clubs’ financial dominance equates to power too, and it is unlikely his mooted measures will make a significant differenceFor football people raised on the foundational European Cup feat…

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Tottenham Hotspur fans hit out at ticket price hikes at new stadium

• Some fans face increases of ‘25, 40 or 50% in usual seating areas’• ‘Avarice will only damage the game and clubs,’ says Gary LinekerTottenham fans and former players have denounced the ticket price increases that will be introduced when the club move…

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Liverpool set to strengthen squad in summer after healthy profit

Post-tax profit of £39m for 2017 posted after 2016 lossMain Stand helped boost Anfield match-day revenuesLiverpool turned a £21m loss in 2016 into a £39m post-tax profit in 2017 thanks to the first year of the latest Premier League broadcasting deal an…

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Gordon Taylor is paid four times sum of benevolent grants to former players | David Conn

PFA chief executive was paid £2.29m last year while grants to those ill, infirm, in poverty or with mental conditions totalled £530,000The annual unveiling of the salary paid to Gordon Taylor has become a ritual of public bewilderment, a surfacing of d…

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No end to sobs on the Tyne as Newcastle yearn for a saviour | David Conn

Amanda Staveley’s failed bid to take over the club from Mike Ashley’s dispiriting regime has left supporters in despairThe aching resentment many Newcastle United supporters feel for the dispiriting culture under the club’s owner, Mike Ashley, was arti…

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Football transfers: how spending has escalated over the past three windows

The Guardian has collected data on every transfer in the top five European leagues since January 2017 – with clubs involved in moves worth more than £5bnIn January 2017 there were 547 transfers for a total value of £651m. Last summer Paris St-Germain b…

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Agents’ runaway gravy train set to be derailed in bid to curb excessive fees

The January transfer window has been a bonanza for agents but clubs and governing bodies are preparing to put a stop to itThe January transfer window closed with a blizzard of late moves, delivering £50m as the new normal fee for players – £142m for on…

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Worldwide websites and money, money, money: Uefa’s football trends | Paul MacInnes

Uefa’s report this week analysing trends in European football – from attendances to commercial revenues – made for interesting readingThe game ain’t what it used to be. Goalkeepers are wearing leggings, strikers are instagramming from private jets, def…

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Premier League has 14 of the 30 highest-earning clubs in the world

• Manchester United biggest earners in world football with £581m• Leicester City’s share of TV billions help puts them at No 14The Premier League makes so much more money from its multibillion-pound sales of television rights, tickets and commercial in…