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Category: Finances

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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…

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Manchester City replace Nike with Puma in 10-year kit deal worth £650m

• Deal thought to be second in England, only to United• Agreement starts next season and covers City’s sister clubsManchester City have signed a long-term kit deal with the German company Puma, who will replace Nike from next season in a 10-year agreem…

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Manchester United reveal £19.6m payoff for José Mourinho and his staff

• Manager compensated following his sacking in December• Portuguese’s next move will be to host show on Russian TVManchester United made a payoff of almost £20m to José Mourinho and his staff, the club’s half-yearly accounts have revealed.Mourinho was …

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Liverpool report world-record £125m profit for 2017-18 financial year

• Champions League football helped beat Leicester’s £92.5m• Reds reinvested £190m in players, including agents’ feesLiverpool broke the world record for the biggest pre-tax profit made by a football club during the 2017-18 financial year, the club’s la…

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Real Madrid and Barcelona overtake Manchester United as top earning clubs

• Top 20 generated £7.4bn of combined revenue in 2017-18• Six Premier League clubs in Deloitte’s money league top 10Manchester United have been unseated as world football’s biggest earners after slipping to third behind Real Madrid and Barcelona in Del…

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Arsenal’s era of austerity is not over yet: Emery must make do and mend | David Hytner

High wages, the lack of Champions League revenue and Kroenke’s parsimony are making the Gunners uncompetitiveIt was the news that Arsenal supporters had longed to hear and it was delivered with an uncharacteristic flourish by Ivan Gazidis. The date was…

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Football is not a level playing field when the game is so governed by cash | Andrew Anthony

In the Premier League and beyond clubs have a set place in the pecking order and despite the odd Leicester-style success that is not likely to changeIn politics it is said that when America sneezes, the world catches a cold. In sport when Manchester Un…