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Category: Finances

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Oliver Dowden calls for Premier League to ‘step up’ and support EFL clubs

Culture secretary says he has spoken to Premier LeagueEFL has said its clubs stand to lose £200m this seasonThe culture secretary Oliver Dowden has called for the Premier League to “step up to the plate” and provide financial support for EFL clubs thro…

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Football League rings alarm for Premier League to help save clubs from ruin

EFL says time running out to prevent clubs going bankruptProposals being discussed with Premier League for financial aidThe Football League believes it is running out of time to secure a bailout that would prevent some of its 72 clubs from going bankru…

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EFL enters ‘critical’ 48 hours in push to get crowds and avoid financial disaster

League to continue with pilot events capped at 1,000 fansMonthly loss of about £22m expected without spectatorsPressure is growing on the government to allow the return of fans to live football, with a leaked letter from the EFL describing the next 48 …

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American consortium to step up efforts to buy West Ham after first bid rejected

Opening offer of £350m was rejected last monthOwners David Sullivan and David Gold unpopular with fansAn American consortium proposing a takeover of West Ham is preparing an improved offer for the club after its opening bid of £350m was rejected last m…

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Manchester City chairman says he holds no grudge against Uefa over ban

City won appeal against Uefa’s two-year ban for FFP breachesKhaldoon al-Mubarak: ‘Life is too short to carry grudges’Manchester City’s chairman, Khaldoon al-Mubarak, has said there is no grudge against Uefa after the club’s successful appeal against a …

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Wigan survival boosted after former owner waives £36m owed by club

Au Yeung Wai Kay agrees to write off debts owed Administrators say reported potential buyer is ‘not credible’Administrators working to save Wigan have said that the former owner, Au Yeung Wai Kay, has agreed to waive debts of about £36m owed to him by …

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Wigan survival boosted after former owner waives £36m owed by club

Au Yeung Wai Kay agrees to write off debts owed Administrators say reported potential buyer is ‘not credible’Administrators working to save Wigan have said that the former owner, Au Yeung Wai Kay, has agreed to waive debts of about £36m owed to him by …

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Wigan administrators set strict deadline of 31 August for potential buyers

Administrators say they ‘cannot see through’ next seasonFour bidders currently in negotiations for League One clubWigan Athletic’s administrators have set a deadline of 31 August to complete the sale of the stricken football club, and warned that they …

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Why north-east is up in arms at collapse of Saudi Arabia bid to buy Newcastle | David Conn

With such a united front of support for the takeover, however surprising, it is more useful to understand than condemnThe eruption of protest in the north-east at the collapse of the Saudi Arabian bid to buy Newcastle United has come as a shock to thos…

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EFL salary cap ‘unlawful and unenforceable’, says PFA

Clubs to vote on its implementation on FridayPlayers’ union calls for period of arbitration this monthThe Professional Footballers’ Association has declared moves to impose a salary cap on EFL clubs may be “unlawful and unenforceable” a day before the …

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Another failed Newcastle takeover ends with a familiar feeling of farce | Louise Taylor

Collapse of Saudi-led £300m bid end uncertainty for Steve Bruce but also stirs up uncomfortable memories for fansThe past four months have provided Newcastle supporters with a crash course in geopolitics and left Mike Ashley clutching a £17m non-refund…

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Wigan Athletic forced to begin talks with second bidder after sale collapses

Talks with potential new owner fall apart in first stageClub to continue to pursue appeal against 12-point deductionWigan Athletic have been plunged back into uncertainty after talks with a potential new owner fell apart in the first stage of negotiati…

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Relegated clubs could earn reprieve amid Championship chaos

Wigan, Sheffield Wednesday and Derby cases continueClubs could be docked points if found guiltyAt least two Championship clubs are set to face an agonising wait over whether they will drop into League One even if they finish in the relegation zone beca…

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Manchester City’s Champions League ban lifted by Cas but club fined €10m

Cas also reduces City’s fine from €30m to €10mClub have denied wrongdoing throughoutManchester City’s two-year ban from the Champions League for a serious breach of Uefa’s financial fair play rules has been overturned by the court of arbitration for sp…

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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…