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Category: Finances

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Liverpool’s rejuvenation shows clubs should be thankful for FFP | David Conn

Uefa’s desire to encourage long?term investment instead of relying on increasing debt is workingIn the days after Manchester City were found to have seriously breached Uefa’s financial fair play rules by overstating their sponsorships from Abu Dhabi co…

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Pep Guardiola vows to stay at City and back their fight against Uefa ban

Unless they sack me, which can happen, I will not leave, he saysSoriano claims City have ‘irrefutable evidence’ charges are falsePep Guardiola, in his first press conference since being confronted with the possibility of a two-year Champions League ban…

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AFC Wimbledon fans raise over £4m to keep Plough Lane return alive

Supporters closing in on initial £5m target‘It is very likely the club will secure the remainder’AFC Wimbledon supporters have raised more than £4m towards building a new stadium at Plough Lane in an effort to meet an £11m shortfall and maintain the cl…

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Manchester City’s fury at FFP case ‘leaks’ laid bare in court documents

Club hit out at Uefa in appeal to Cas‘Uefa has systematically breached its duty of confidence’Manchester City’s fierce hostility to Uefa’s investigation into the club’s alleged breaches of financial fair play regulations has been laid bare in court doc…

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Newcastle United decline to comment on reported Saudi Arabia takeover talks

• Wall Street Journal reports ongoing talks over £340m takeover• Owner Mike Ashley is seeking to sell Premier League clubNewcastle United have declined to comment on a report in the Wall Street Journal (£) that Mike Ashley is in talks with Saudi Arabia…

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Premier League leads Europe’s profit boom but football wealth gap grows

• Premier League clubs bring in €5.4bn as inequality widens• Uefa praises impact of financial fair play rules on stabilityThe clubs in the top divisions of European football were financially profitable overall for the second year running in 2017?18 and…

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Super rich versus the rest: Champions League groups hampered by inequality | Jonathan Wilson

Despite the efforts of Dinamo Zagreb, Club Brugge, Slavia Prague and Olympiakos, group stages are still all too predictableWhat have we done to deserve this? The last round of Champions League group fixtures is on us and only half the qualifiers are al…

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Manchester City target new highs after announcing record £535m revenues

• Financial results show 6% rise on 2017-18 figures• City could overhaul Manchester United’s results next yearManchester City have announced club record revenues of £535.2m, an increase of around 6%. The champions are confident this will rise again nex…

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Manchester City target new highs after announcing record £535m revenues

• Financial results show 6% rise on 2017-18 figures• City could overhaul Manchester United’s results next yearManchester City have announced club record revenues of £535.2m, an increase of around 6%. The champions are confident this will rise again nex…

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Jeremy Corbyn attacks ‘pricing out’ of football fans in Premier League

Labour leader says German model of fan ownership is more democraticJeremy Corbyn has spoken of his admiration for the German model of football fan club ownership as he went into detail about Labour’s plans to give supporters influence over how their te…

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BT on defensive as Sky prepares to bid for Champions League

Broadcaster will have to rethink its offer to secure the next round of UK TV rightsBT Sport’s stranglehold on Champions League football is set to be challenged as Sky prepares to enter the battle for the £1bn-plus TV rights when bids are submitted on M…

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Champions League is back – but don’t expect a real match until February | Jonathan Wilson

The group stages have become predictable and merely reinforce financial inequalities between the biggest clubs and also-ransI n the distance the anthem swells. Inappropriate advertising hoardings are covered up. A continent prepares to give thanks to G…

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Are Bury FC dead, or will they return? | Letters

UK financial practice is to blame for the club’s demise, says Steve Lupton; look at what Rangers have done, says Mike Pender; and Andrew Bibby remembers a witty crossword clueThe sad demise of Bury FC is more than a comment on professional football (Re…

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Mauricio Pochettino says Tottenham are different to big spending rivals

• Manager points out Arsenal have paid big fees for three forwards• ‘I don’t want to say one is wrong and another is good’Mauricio Pochettino has joked that Tottenham’s £600m bank debt makes everyone at the club cry but it is the reason why they lack t…

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Turning our clubs into global brands means there will be more Burys | Jonathan Wilson

The concentration of wealth and attention on a tiny number of globalised superclubs is leading to moments of remarkable drama and quality – but at a terrible priceA recent Set-Piece Menu podcast eloquently made the case for fandom as a broad church. Wh…

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Bury consider legal action against EFL over club’s expulsion

• Club say EFL ignored deadline to explain its decision• Bury insist three viable bids arrived before TuesdayRepresentatives of Bury are considering legal action against the English Football League following the club’s expulsion on Tuesday, having fail…

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Fears over Bury CVA prompt insolvency investigation

• Claim bought for £70,000 treated as worth £7m in CVA vote• Buyer of claim is partner of club owner Steve Dale’s daughterThe Insolvency Practitioners Association has announced that it will investigate the company voluntary arrangement (CVA) organised …

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Salary caps and direct action: lessons to learn from Bury’s demise | David Conn

Clubs’ agreement will be needed for new rules regarding prospective new owners, the funding of takeovers and a salary capThe EFL’s executive chair, Debbie Jevans, who said she is devastated by having to expel the club, has committed to preventing such …

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Bury’s expulsion from EFL shows football’s regulations are meaningless | Barney Ronay

Demise is another warning that huge social value of clubs cannot beat the cold, hard edges of a free marketA good day to bury Bury. The swell of public sympathy at Bury FC’s expulsion from the English Football League was tangible on Wednesday morning. …

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‘My heart has been ripped out’: Bury fans on club’s expulsion from EFL – video

Bury FC have been expelled from the English Football League. The Shakers failed to agree a takeover bid from C&N Sporting Risk meaning they have now been kicked out of the EFL. Speaking outside the team’s stadium, Gigg Lane, fans expressed sadness …