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John Beech
onto Football Finance August 1, 5:57 AM
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We have been contacted today regarding reports that the club is subject to a winding-up petition due to outstanding HMRC debts.
While the club has not received any notice of this and has not been served a notice, we have been in dialogue with HMRC around outstanding amounts of VAT and PAYE debt in dialogue with HMRC around outstanding amounts of VAT and PAYE debt in recent weeks.
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Gateshead Football Club can confirm that a sale agreement has been reached in principle with American based private investment company, Flacks Group, subject to Independent Football Regulator approval.
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Manchester City Football Club could argue that the independent commission that found it guilty of breaking Premier League financial rules over a nine-year period should not have the power to push a company to a potential insolvency situation, according to 9fin sources.
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Manchester United and Manchester City face different financial challenges, with United dealing with heavy debt while City face scrutiny over overstated income. Here's all you need to know.
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There were new arrivals at clubs across the Premier League last week: teams of outside legal experts, including leading barristers, brought in for one extraordinary reason.
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October 2 – Manchester City should face the “appropriate consequences” if wrongdoing is established, a spokesperson for British Prime Minister Andy Burnham said on Thursday, clarifying earlier remarks from the PM. Burnham’s remarks came as club the formally appealed the independent commission’s verdict saying that the ruling contained “clear material errors, of law, principle and fact and is unsafe”. Still claiming that they are innocent of breaking the financial regulation, the club said it had filed “a comprehensive body of irrefutable evidence [that] exists in support of all of its positions”
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September 30 – The Premier League has confirmed that Manchester City have been found guilty of more than 100 charges of breaches of Premier League financial rules between the 2009-10 and 2017-18 seasons. An independent Commission found that Manchester City arranged ‘sham’ contracts (which misrepresented the true agreement between the parties) with a number of its commercial partners, as well as relying on ‘sham’ agreements with others, to artificially inflate the club’s revenues and reduce its costs.
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Manchester United confirm they have borrowed another £90m since 30 June, to take their overall debt to more than £1.1bn.
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The High Court has made another decision on the new Oxford United stadium being proposed in Oxfordshire.
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Leicester City chairman Aiyawatt ‘Top’ Srivaddhanaprabha and parent company King Power have wiped out more of the club's debt
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Lancaster City FC has announced a takeover by a Canadian investment company in a move the club says will help drive its ambitions both on and off the pitch.
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Ebbsfleet United faces potential liquidation after the National League suspended the club over unpaid HMRC tax debts and a rejected stadium development plan.
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Sheffield United could incur a 12-point deduction after the company used to buy the club was placed into liquidation.
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Amazon founder Jeff Bezos is part of the Amit Bhatia-led consortium that has agreed to buy a stake in Liverpool; Sky News reports the group are buying around one third of the Reds in a deal valuing the club at more than $7bn (£5.2bn); we take a deep dive into what the deal could mean.
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Everton owners the Friedkin Group are exploring the sale of the club less than two years after taking control.
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Club owner, Doug King, says the deal will simplify the ongoing regeneration of the stadium.
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Arsenal has opted against a major redevelopment of Emirates Stadium in favour of a “continued evolution” of the venue. Earlier this year, co-chairman Josh Kroenke revealed that Arsenal was “putting together a plan” to renovate Emirates Stadium following the club’s first Premier League title win since 2004. The stadium opened in July 2006 and has a capacity of 60,704. Arsenal currently has a season ticket waiting list of more than 100,000 people.
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Tuesday's news that the Premier League found Man City guilty of 100-plus charges of breaking financial rules is a landmark moment. But what comes next: what punishments are on the table, and how does the appeals process work?
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English football's governing body adds it will "take action where appropriate."
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A consortium including former AC Milan, Chelsea and Brazil forward Alexandre Pato has completed its takeover of Northampton Town.
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Manchester City are found guilty of breaking the majority of the 115 financial rules they were accused of breaching, sources tell BBC Sport.
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Despite cost-cutting measures from the Sir Jim Ratcliffe regime, Manchester United continue to operate with an overall debt of over £1bn
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Club statement: Shrewsbury Town confirms regulatory approval for prospective new owner of Shrewsbury Town can confirm the American consortium interested in buying the football club has now been granted approval by the Independent Football Regulator (IFR) and the English Football League.
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Ebbsfleet United say they have settled an outstanding tax debt despite having their suspension from the National League extended.
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A former Reading FC bidder has been fined nearly £500,000 and banned from financial services.
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Former Sheff Utd owner United World claims it is still owed £35m from COH Sports Bidco; winding-up hearing set for August 19; if current owners declared insolvent, 12-point deduction could be imposed on Bramall Lane club; sources close to COH insist club is financially healthy
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