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Why I shall be especially grumpy this Saturday afternoon
Posted on April 3, 2012
“Football clubs ‘in poor financial health’” a headline on the BBC News website has just screamed (1). Apparently “many clubs are continuing to spend too much, principally on players’ wages, as they always have done”. What? Surely not? Well, OK, the said headline was in the Business section of the BBC website rather than their […]
Posted in Benefactors, Community, Debts, Financial doping, Governance, Insolvency, Ownership, Wages | 5 Comments »
No. of Clubs
Posted on February 13, 2012
I’m sometimes asked for a magic number – the number of top clubs which have gone into Administration. It’s difficult give a simple answer because: Administration is a misleading basis for counting. Clubs can be wound up without ever going into Administration. A better measure is ‘insolvency event’, a term which can however be defined […]
Posted in | 1 Comment »
The Premier League Old Boys Club
Posted on April 9, 2010
This is the mixed bag of clubs who face the drop from the Premier League. Likely contenders for membership this year include of course Portsmouth, Hull City and West Ham, all of whom have been hitting the headlines for the wrong reasons with regard to their financial performance as much their on-the-pitch performance. It’s not […]
Posted in Governance, Organisational culture, Premier League, Pyramid movement | 1 Comment »
Rotherham’s rubbish
Posted on September 5, 2009
Or, to be more accurate, U2 fans’ rubbish. Yes, before you start flaming me, the apostrophe of the headline marks a Saxon genitive rather than a contraction. Well, if an academic can’t enjoy a little academic joke on his blog… But I should not josh – this is no laughing matter. This posting is about […]
Posted in Health & Safety, Stadium | 1 Comment »
A forgotten cost
Posted on July 9, 2009
When a club goes into Administration and an Administrator is appointed, that Administrator has to recover his own costs from what monies he can raise from the club’s assets. Administrators do not come cheap. Begbies Traynor are very much the stars of the football insolvency business – very much Champions League material in this particular […]
Posted in Costs, Insolvency | 3 Comments »
