League chiefs query QPR financial recovery March 2, 2015 QUEENS Park Rangers could still face a hefty fine and demotion to the Conference for breaking the Football League’s financial fair play rules despite declaring a huge drop in losses last season. QPR said they lost just £9.8m in 2013-14, an improvement of £55.6m on the previous campaign even though they spent it in the [...]
Liverpool out of the red as new TV deal heralds return to profit March 2, 2015 LIVERPOOL overturned a loss of £50m to report a small profit for the first time in seven years last season, the Anfield club said yesterday. The club reported a pre-tax profit of £0.9m in the year to 31 May 2014, compared to losses of £49.8m the previous year, while revenues increased by 19 per cent [...]
Queens Park Rangers shareholders write off loans worth £60m as losses narrow March 2, 2015 A short statement by Queens Park Rangers posted today showed things are not going well for the club: having posted a loss of £9.8m in the year ending May 2014, their shareholders were forced to write off £60m of loans in during the year, which "strengthened the club's balance sheet". We bet it did. Admittedly, [...]
Capital One Cup: Mourinho ready for new era of glory March 1, 2015 AT WEMBLEY STADIUM CHELSEA 2 TOTTENHAM HOTSPUR 0 Chelsea revel in first trophy of manager’s second stint as they close in on league CHELSEA boss Jose Mourinho expects his side’s triumph in the Capital One Cup final against Tottenham to usher in a new trophy-laden era for the club. A deflected strike from skipper John [...]
Premier League: Pellegrini won’t give up but City title bid rocked March 1, 2015 LIVERPOOL 2 MANCHESTER CITY 1 MANCHESTER City manager Manuel Pellegrini insists his team can still retain the Premier League title despite suffering a major setback in their pursuit of Chelsea yesterday. A brilliant curling winner from Liverpool playmaker Philippe Coutinho, after Edin Dzeko had cancelled out Jordan Henderson’s equally fine opener for the home side, [...]
Premier League: Giroud scores as Arsenal hit back after Euro flop March 1, 2015 ARSENAL 2 EVERTON 0 ARSENAL manager Arsene Wenger hailed Olivier Giroud’s mental fortitude after the striker responded to midweek failure by firing his team back up to third in the Premier League. Giroud, whose misses were blamed for a damaging Champions League defeat to Monaco, put the Gunners ahead against Everton yesterday by steering home [...]
Petition prompts Premier League to advise clubs on living wage February 27, 2015 The Premier League has promised it will speak to its clubs about adopting the living wage, but insists its hands are tied when it comes to enforcement. After a petition for all Premier League staff to paid the living wage was signed over 62,000 times, the group agreed to meet with its creator [...]
Arsenal’s bumper wage bill triggers £13m jump in football costs February 27, 2015 Arsenal’s new sponsorship deal with Puma contributed to a £10m increase in turnover in the six months ended 30 November 2014. Total turnover rose 7.9 per cent from £137.9m to £148.8m thanks to “strong growth in commercial activity” which Arsenal said enabled it to spend more on players and wages. The club says [...]
Chelsea shirt sponsorship revenue to rise 122pc as Premier League brand flexes its muscle February 27, 2015 Chelsea will have the second-biggest shirt sponsorship deal in Premier League history after reaching an agreement with Japanese tyre manufacturers Yokohama Rubber. The deal is thought to be worth around £40m a year for five years, representing a significant jump on their current £18m-a-year deal with Samsung. Only Manchester United earn more [...]
StanChart’s new man lifts FTSE to a record level – London Report February 26, 2015 Britain’s top equity index yesterday hit a record closing high – for the second time this week – helped by a surge in the share price of the Asian-focused bank Standard Chartered. Standard Chartered advanced by 5.4 per cent as traders welcomed its appointment of a new chief executive, former JP Morgan investment bank boss [...]