Football Finance
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Keeping up to date with the latest news of Football Finance in English clubs since 2013. Follow @JohnBeech on Twitter for the quickest updates.  YOU MAY NEED TO SCROLL DOWN ON THIS PAGE FOR THE MOST RECENT POSTING - the latest news appears directly below the tags initially.  *****  SPORTS MANAGEMENT (including FIFA and football abroad) and EVENTS MANAGEMENT (including FIFA World Cups) news items are also available at http://www.scoop.it/the-business-of-sports-managemen and http://www.scoop.it/t/the-business-of-events-management respectively; for Scottish football finance see https://www.scoop.it/topic/the-business-of-sports-management/?&tag=Scottish+football..  ******
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Scooped by John Beech
February 28, 7:29 AM
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Blyth Spartans require 'reset' once short-term future is secured

Blyth Spartans require 'reset' once short-term future is secured | Football Finance | Scoop.it
A crowdfunder launched by Blyth Spartans has passed the halfway point after an initial target of £25,000 was set.
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February 22, 4:40 PM
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Manchester United Supporters' Trust respond to shocking debt at Old Trafford

Manchester United Supporters' Trust respond to shocking debt at Old Trafford | Football Finance | Scoop.it
MUST have highlighted the staggering debt at Man Utd and have made a fresh plea to Sir Jim Ratcliffe about ticket prices.
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February 17, 12:10 PM
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Man City score big win with tribunal ruling Premier League APT rules are ‘unenforceable’

Man City score big win with tribunal ruling Premier League APT rules are ‘unenforceable’ | Football Finance | Scoop.it

February 17 – Defending champions Manchester City may be finding it tough on the field to maintain their dominance but off it they have scored a significant win over the Premier League.
Last Friday an independent tribunal deemed that sponsorship rules in place in the league for nearly three years were “void and unenforceable” in a massive blow to the league.
The ruling follows a previous verdict by the tribunal which found three aspects of the so-called Associated Party Transaction rules which ran between December 2021 and November 2024 to be unlawful.

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February 11, 9:23 AM
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Victory for West Ham – High Court orders Stadium to repay £3.6m after setting aside an expert determination for manifest error

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January 28, 11:33 AM
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Leicester City chairman wipes out £124m of debt as statement released

Leicester City chairman wipes out £124m of debt as statement released | Football Finance | Scoop.it
In the second such move in just over two years, Aiyawatt 'Top' Srivaddhanaprabha and King Power have effectively relieved the club of the debt owed to him and the parent company
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January 18, 11:06 AM
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Manchester City avoid High Court date after settling legal dispute

Manchester City avoid High Court date after settling legal dispute | Football Finance | Scoop.it
Manchester City had been due to appear at High Court this week in relation to a trademark dispute
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January 10, 8:04 AM
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Fan reps meet Premier League to talk ticket prices

Fan reps meet Premier League to talk ticket prices | Football Finance | Scoop.it
The work of FSA-member groups on our #StopExploitingLoyalty campaign has put the issue of top-flight ticket pricing firmly in the media spotlight – and it isn’t going away.
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December 26, 2024 1:14 PM
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Man Utd food hygiene rating cut after mouse droppings found

Man Utd food hygiene rating cut after mouse droppings found | Football Finance | Scoop.it
The club said a "robust pest-control system" was in place and improvements were under way.
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December 16, 2024 7:42 AM
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Andy Pilley steps down as chairman and director of Fleetwood following fraud convictions

Andy Pilley steps down as chairman and director of Fleetwood following fraud convictions | Football Finance | Scoop.it

Andy Pilley has stepped down as chairman and director of Fleetwood as discussions continue surrounding a change of ownership and control at the Sky Bet League One club.

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December 14, 2024 7:34 AM
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'Ideal purchasers': Adam Pearson sends out message as Hull FC takeover is completed

'Ideal purchasers': Adam Pearson sends out message as Hull FC takeover is completed | Football Finance | Scoop.it
The takeover by Andrew Thirkill and David Hood has been officially finalised
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December 9, 2024 3:03 PM
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Woking: 'Path clear' for Cardinal Football Group to takeover club

Woking: 'Path clear' for Cardinal Football Group to takeover club | Football Finance | Scoop.it
Woking say the "path is now clear" for the takeover by the Cardinal Football Group after shareholders voted in favour of the sale.
Marcus Jorelle's curator insight, December 12, 2024 8:33 AM
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Scooped by John Beech
December 5, 2024 5:00 PM
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Forest Green’s New Eco Stadium Given Council Green Light - The Vanarama National League

Forest Green’s New Eco Stadium Given Council Green Light - The Vanarama National League | Football Finance | Scoop.it
After Forest Green Rovers’ plans for a new environmentally-friendly stadium built from timber were given the go-ahead, Dale Vince says he wants to see Championship football played there.
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Scooped by John Beech
November 27, 2024 11:20 AM
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Reading FC takeover being brought to High Court to try and force Dai Yongge sale

Reading FC takeover being brought to High Court to try and force Dai Yongge sale | Football Finance | Scoop.it
Prospective buyer Rob Couhig is ‘baffled’ at how a deal has not yet gone through and will use the courts to try and force the unpopular Yongge into selling the club
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February 25, 2:35 PM
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Reading FC takeover: Club agrees exclusivity and expect ‘quick completion’ of deal

Reading FC takeover: Club agrees exclusivity and expect ‘quick completion’ of deal | Football Finance | Scoop.it

Reading Football Club has confirmed that it has committed a 'letter of intent' with a potential purchaser of the club.

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Scooped by John Beech
February 20, 7:40 AM
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Costly sackings prove how important Champions League is to Manchester United

Costly sackings prove how important Champions League is to Manchester United | Football Finance | Scoop.it

February 20 – The decision to sack manager Erik ten Hag, his staff and sporting director Dan Ashworth cost Manchester United £14.5 million in compensation, the club revealed when announcing their latest financial results. 
Ten Hag lost his job on October 28, just three months after being handed a one-year contract extension following months of uncertainty over his future, and after an FA Cup Final win against Manchester City the previous May, which secured Europa League qualification.

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February 14, 11:31 AM
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Premier League stall implementation of new profit and sustainability rules for further season

Premier League stall implementation of new profit and sustainability rules for further season | Football Finance | Scoop.it

February 14 – The Premier League’s profit and sustainability rules (PSR), designed to prevent clubs from overspending, will remain in place for at least one more season, delaying the introduction of a new set of financial regulations.
The clubs met in London on Thursday with the implementation of the so-called Squad Cost Rules (SCR) one of the topics on the table..

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January 29, 4:30 PM
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Roman Abramovich could owe UK £1bn in unpaid tax

Roman Abramovich could owe UK £1bn in unpaid tax | Football Finance | Scoop.it
Scheme to avoid tax on offshore billions may have been botched because money was managed from the UK, BBC learns.
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Scooped by John Beech
January 20, 12:47 PM
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EFL objects to its Welsh clubs competing in Welsh League Cup

EFL objects to its Welsh clubs competing in Welsh League Cup | Football Finance | Scoop.it

January 20 – Last week, as reported in IWF, the Welsh clubs, Cardiff City, Swansea City, Newport and Wrexham were hopeful that they could open up lucrative pathways to Europe by competing and winning the Welsh League Cup. The wish now looks to be blocked by the Football Association.
The English Football League (EFL) have raised objections to the four clubs taking part in the competition.

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January 13, 1:12 PM
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Evangelos Marinakis reduces Nottingham Forest debt by converting £72m worth of loans into shares

Evangelos Marinakis reduces Nottingham Forest debt by converting £72m worth of loans into shares | Football Finance | Scoop.it
Nottingham Forest owner Evangelos Marinakis has reduced the club’s debt by converting a further £72million ($87.5m) of loans into share capital.
It comes just 11 days after the Greek shipping and media magnate had written off another £82m of Forest loans.
It is a practice that the Forest owner has habitually followed in recent years. But the two latest tranches of cash are the biggest sums of money he has written off as loans so far.
In March 2023, Marinakis turned £41m of loans into share capital in the same fashion. He had converted sums of £12m and £20m in the two years prio
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January 5, 4:40 PM
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Nottingham Forest owner cuts club debt by converting £82m of loans

Nottingham Forest owner cuts club debt by converting £82m of loans | Football Finance | Scoop.it
The owner of Nottingham Forest has reduced the Premier League club's debt by converting another £82m of loans into share capital, it has been reported.
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December 19, 2024 5:13 PM
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Everton takeover: Friedkin Group completes deal to end Farhad Moshiri tenure

Everton takeover: Friedkin Group completes deal to end Farhad Moshiri tenure | Football Finance | Scoop.it
The Friedkin Group completes its takeover of Everton, ending the turbulent tenure of Farhad Moshiri.
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December 15, 2024 5:31 PM
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Barrie Drewitt-Barlow aims to be Maldon and Tiptree FC owner

Barrie Drewitt-Barlow aims to be Maldon and Tiptree FC owner | Football Finance | Scoop.it
Entrepreneur Barrie Drewitt-Barlow is in talks to become the new owner of Maldon and Tiptree FC, with the club currently owned by Robbie Cowling.
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December 13, 2024 7:30 AM
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Sale of Sheffield Utd stalls as Prince Abdullah tries to renegotiate price with club at top of Championship

Sale of Sheffield Utd stalls as Prince Abdullah tries to renegotiate price with club at top of Championship | Football Finance | Scoop.it

December 13 – Sheffield United’s Saudi Arabian owner Prince Abdullah bin Abdul Aziz Al Saud, has put the club’s sale on hold as he attempts to negotiate an increase in the sales price if the club are promoted back to the Premier League this season.
Over the summer Prince Abdullah agreed a £105 million deal with the COH Sports group, led by American businessmen Steven Rosen and Helmy Eltoukhy. That deal has been approved by the English Football League with the COH principals having passed the EFL’s owners test.

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December 7, 2024 1:20 PM
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High Court hearing for Charlton

High Court hearing for Charlton | Football Finance | Scoop.it

Charlton Athletic are being taken to the High Court over an alleged £500,000 debt owed to Paul Elliott, a Manchester-based businessman.

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December 4, 2024 5:53 AM
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Reading FC action group react as Dai Yongge rejects takeover bid

Reading FC action group react as Dai Yongge rejects takeover bid | Football Finance | Scoop.it
The Sell Before We Dai group have given their reaction to news that Roger Smee's bid to buy Reading has been rejected.
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