Manchester United’s owners have debts of over £1.1bn June 7, 2010 MANCHESTER United’s American owners have debts totalling more than £1.1bn, fuelling speculation they will drain the club of its resources. The Glazer family tied around £716m of debt to the Premier League club when they bought it in 2007, sparking outrage from fans. Now a BBC Panorama investigation has revealed they also owe £388m on [...]
Wage outlay is worrying, top clubs told June 7, 2010 PREMIER League clubs have received a stark warning over their spending by one of the leading authorities on the game’s finances. Dan Jones of Deloitte’s Sports Business Group says the proportion of income that clubs are lavishing on wages is “worryingly high” and must be brought under control. The average wages/revenue ratio for teams in [...]
Smart traders will capitalise on this week’s FTSE reshuffle June 6, 2010 DURING the last month the top football teams in the Coca-Cola Championship have been vying for places in the Premier League. The lucky teams are Newcastle, West Bromwich Albion and Blackpool, replacing Portsmouth, Burnley and Hull City which have lingered at the bottom of football’s top flight. In the same spirit, the FTSE reshuffle is [...]
WINNERS & LOSERS June 6, 2010 A WEEKEND is a long time in sport, as this lot will attest. But while for some it was a few days to remember, others may wish they had never set foot out of the house. WINNER – MICHAEL DAWSON The Spurs man was probably one of the few to consider Rio Ferdinand’s injury good news, [...]
This is one the Premier League needs to lose June 3, 2010 THESE are economically straitened times. Times when the Cabinet takes a five per cent pay cut and the governor of the Bank of England refuses a pay rise for this year and even the year after. But in the world of football, for the high-earning players and managers alike, life seems to be going on [...]
Dalglish ideal man to rebuild troubled Reds June 3, 2010 LIVERPOOL legend Phil Thompson believes Kenny Dalglish is the ideal man to take them forward in the wake of Rafael Benitez’s exit. Dalglish, 59, has not managed a side since leaving Celtic 10 years ago, but ex-assistant boss Thompson insists his former Anfield team-mate is the perfect candidate to lead the club through uncertain times [...]
Benitez exit sparks protests June 3, 2010 ANGRY Liverpool fans burned American flags outside Anfield last night in protests against the club’s US owners following the departure of manager Rafael Benitez. Benitez (right) ended his six-year reign on Merseyside by accepting a £6m pay-off to terminate a £4m-a-year contract that still had four years left to run. The Spaniard’s departure comes after [...]
Revenue contests footie debt rule June 2, 2010 Revenue & Customs has filed a writ against the Premier League in a bid to overturn the creditors rule. Under the rule, clubs coming out of administration must first settle football debts in full, while other creditors, such as Revenue, are paid later and often receive only a fraction of the sums they are owed. [...]
Benitez poised to quit Anfield with pay-off June 2, 2010 Liverpool show Spaniard the door – and a cheque for £3m – as Inter Milan prepare to firm up their interest RAFAEL BENITEZ’S six-year reign as Liverpool manager looked to be at an end last night after the club offered him a £3m pay-off to walk away. Benitez would be entitled to around £16m if [...]
Ouch! Walcott shock victim of Capello’s England cull June 1, 2010 ARSENAL winger Theo Walcott’s international career lies in tatters this morning after Fabio Capello ruthlessly axed him from England’s World Cup squad. Walcott, 21, was the shock name among seven victims as manager Capello whittled down his party to the final 23 yesterday. Everton defender Leighton Baines was also culled, as were Sunderland striker Darren [...]