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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777 takeover twist emerges at Everton amid Bloomberg leak

777 takeover twist emerges at Everton amid Bloomberg leak | Football Finance | Scoop.it
From www.goodisonnews.com - Today, 6:37 AM
A new takeover twist has occurred at Everton after a source revealed "confidential information" about a potential new owner.
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Everton shareholders demand end to takeover ‘farce’

Everton shareholders demand end to takeover ‘farce’ | Football Finance | Scoop.it
From footballtoday.com - May 8, 6:44 AM

Everton shareholders want Farhad Moshiri and the Premier League to end the ‘farce’ of a proposed takeover by 777 Partners.  The Toffees have recently secured their survival in the English top-flight but they remain in turmoil off the pitch. 

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Concussion in football: Dangers known for decades, say former players suing governing bodies

Concussion in football: Dangers known for decades, say former players suing governing bodies | Football Finance | Scoop.it
From www.bbc.co.uk - May 1, 6:32 AM
Minutes of an FA meeting in 1983 indicate it was "aware of the dangers" of concussion in football, say former players.
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Everton call in insolvency advisers amid fresh doubt over 777 takeover

Everton call in insolvency advisers amid fresh doubt over 777 takeover | Football Finance | Scoop.it
From www.theguardian.com - April 30, 7:29 AM
Everton are calling in a firm of restructuring and insolvency advisers, the Guardian understands, raising further questions about the proposed takeover by 777 Partners
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Real Bedford: McMullen Park lease extended, owner says

Real Bedford: McMullen Park lease extended, owner says | Football Finance | Scoop.it
From www.bbc.co.uk - April 28, 1:32 PM
Peter McCormack says he has secured a 15-year lease on the club's Bedford ground.
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Football Governance Bill progresses to committee stage

Football Governance Bill progresses to committee stage | Football Finance | Scoop.it
From thefsa.org.uk - April 26, 10:28 AM
Last month the Government announced it would launch legislation to introduce an Independent Football Regulator – and that legislation continued its progress through Parliament with its second reading today.
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Pompey to begin work immediately on exciting new Fratton Park addition

Pompey to begin work immediately on exciting new Fratton Park addition | Football Finance | Scoop.it
From www.portsmouth.co.uk - April 21, 12:55 PM
Work is expected to be completed before the start of the 2024-25 Championship season
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FA Cup replays scrapped as part of calendar overhaul for English top-tier

FA Cup replays scrapped as part of calendar overhaul for English top-tier | Football Finance | Scoop.it
From www.insideworldfootball.com - April 19, 7:45 AM

April 18 – FA Cup replays will be scrapped from the first round onwards in the 2024-25 competition, as part of a series of changes made by a new six-year agreement between the Football Association (FA) and the Premier League.

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Cromer Youth Football Club's Cabbell Park plans progress

Cromer Youth Football Club's Cabbell Park plans progress | Football Finance | Scoop.it
From www.edp24.co.uk - April 17, 9:21 AM
Cabbell Park may once again become the home of a Cromer football team after plans for the town's youth football club to take over the site were…
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Torquay United Supporters' Trust bid isn't preferred bid for Gulls

Torquay United Supporters' Trust bid isn't preferred bid for Gulls | Football Finance | Scoop.it
From www.devonlive.com - April 13, 11:27 AM
Instead, it is believed that the preferred bidder is an as-yet unnamed party or parties
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No to price rises: Football has a spending problem, not an income problem

No to price rises: Football has a spending problem, not an income problem | Football Finance | Scoop.it
From thefsa.org.uk - April 13, 7:10 AM
Ticket prices are in the news with a wave of rises throughout the Premier League and supporters groups at Arsenal, Brentford, Chelsea, Fulham, Liverpool, Newcastle United, Tottenham Hotspur and West Ham United have been speaking out. 
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Torquay United administrators announce they have a preferred bidder

Torquay United administrators announce they have a preferred bidder | Football Finance | Scoop.it
From www.devonlive.com - April 10, 3:30 PM
But have stopped short of saying who that bidder is.
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Man City owners CFG record £122m loss across its 13-club network

Man City owners CFG record £122m loss across its 13-club network | Football Finance | Scoop.it
From www.insideworldfootball.com - April 8, 12:02 PM

April 8 – City Football Group (CFG) have revealed a £112 million loss for the year 2023, despite prize asset Manchester City raking in record-breaking in their treble winning season.
Despite the damning figure, CFG reported an improved sum from last year’s £137 million loss.
CFG, a holding company controlled by Sheikh Mansour’s Newton Investment and Development LLC in Abu Dhabi, has an ownership network that spans 13 football clubs worldwide.

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Barry Bennell abuse accusers lose damages claim against Manchester City

Barry Bennell abuse accusers lose damages claim against Manchester City | Football Finance | Scoop.it
From www.independent.co.uk - May 8, 8:36 AM
Mr Justice Johnson ruled against the men on Monday.
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Everton bidders 777 Partners sued in New York for $350m collateral fraud

Everton bidders 777 Partners sued in New York for $350m collateral fraud | Football Finance | Scoop.it
From www.insideworldfootball.com - May 7, 12:57 PM

May 7 – The prospective takeover of ailing English Premier League club Everton by 777 Partners has been plunged into further doubt after one of its lenders accused the Miami-based investment firm of fraud running into hundreds of millions of dollars.
According to a lawsuit filed in a federal court in New York, 777 owes more than $600 million to two London-based asset management companies, Leadenhall Capital and Leadenhall Life.
777 has already lent around £200 million to Everton but the Premier League’s Owners’ and Directors’ Test has stalled the sale.

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The Everton crisis explained: how did it get to this point?

The Everton crisis explained: how did it get to this point? | Football Finance | Scoop.it
From www.theguardian.com - May 1, 6:28 AM
Owner Farhad Moshiri once said the club were ‘robust’ enough to fund stadium but now they need working capital injections
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Premier League spending cap: Clubs vote in favour of developing plans

Premier League spending cap: Clubs vote in favour of developing plans | Football Finance | Scoop.it
From www.bbc.co.uk - April 29, 2:52 PM
Premier League clubs vote in favour of developing plans to introduce a spending cap in England's top flight.
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Loughborough Dynamo Statement: Voluntary Relegation and the future of the club

Loughborough Dynamo Statement: Voluntary Relegation and the future of the club | Football Finance | Scoop.it
From www.loughboroughdynamofc.com - April 27, 2:00 PM
Chairman Darren Rodgers makes a statement.
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Premier League to discuss hard salary cap, but big club opposition grows

Premier League to discuss hard salary cap, but big club opposition grows | Football Finance | Scoop.it
From www.insideworldfootball.com - April 25, 2:06 PM

April 25 – For the first time English Premier League clubs are set to discuss a hard salary cap at their next shareholders meeting on Monday but the proposal is likely to face strong opposition.
The proposed cap – known as anchoring – would limit clubs to spending only a proportion of the amount the league’s bottom club receives in TV money on transfers, wages and agents.

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Rochdale AFC takeover: Ogden Family bid statement in full after preferred investor announcement

Rochdale AFC takeover: Ogden Family bid statement in full after preferred investor announcement | Football Finance | Scoop.it
From www.manchestereveningnews.co.uk - April 20, 1:16 PM
Rochdale AFC news as The Ogden Family release official statement confirming their plan to buy shares in the club after being named preferred investor
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Winding-up petition against Southend United adjourned for four weeks

From uk.news.yahoo.com - April 18, 10:44 AM
The petition was issued by a legal firm that previously represented the club.
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Everton takeover in added time after 777 gets extension to repay £160m loan

Everton takeover in added time after 777 gets extension to repay £160m loan | Football Finance | Scoop.it
From www.theguardian.com - April 16, 2:03 PM
The proposed takeover of Everton has moved into added time after the bidder 777 Partners was granted a last-minute extension to repay a £160m loan
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Swansea sue Russell Martin over Southampton move

Swansea sue Russell Martin over Southampton move | Football Finance | Scoop.it
From www.telegraph.co.uk - April 13, 8:47 AM
Swansea City are suing Russell Martin for “breach of contract” following his defection to Championship rivals Southampton.
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Premier League clubs agree new financial control model

Premier League clubs agree new financial control model | Football Finance | Scoop.it
From www.insideworldfootball.com - April 12, 3:38 PM

April 12 – English Premier League clubs have agreed new financial fair play rules but they will not be introduced until the 2025-26 season.
Leading the rule changes is a shift away from the profitability and sustainability rules (PSR) that allowed clubs to report losses of no more than £105 million over a three-year period.

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Birmingham City owners complete purchase of new stadium site

Birmingham City owners complete purchase of new stadium site | Football Finance | Scoop.it
From www.bbc.co.uk - April 9, 1:52 PM
Birmingham City owners Knighthead complete the purchase of the old Wheels site in Bordesley for a proposed new £2bn-plus home.
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