Football Management

Commentary on the management of over 160 English football clubs by Dr John Beech, winner of the FSF Writer of the Year Award 2009/10 Twitter: @JohnBeech Curator of Scoop.it! Football Finance

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HMRC Winding-Up Petitions

Posted on February 23, 2012

The following list is of the winding-up petitions presented by HM Revenue and Customs (HMRC) and its predecessors, the Internal Revenue (IR) who were responsible for the collection of direct taxation such as income tax (PAYE) and National Insurance contributions, and HM Customs and Excise (C&E) who were responsible for the collection of indirect taxation […]

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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 […]

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The Magic of Football – still there in the Cups?

Posted on January 27, 2012

It’s increasingly difficult to see any magic in the beautiful game other than black magic, especially when you look at it from a financial perspective.  You only need to think of the narrow escapes at Plymouth and Wrexham recently, and both Portsmouth and Darlington are standing on the edge of the precipice. The Cups may […]

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Posted in Community, Fans | Leave a Comment »

Round the Lower Levels Part 2

Posted on December 21, 2011

At last, Part 2 of my overview of what is happening from a broad financial perspective.  Part 1 ran alphabetically up to Prescot Cables, and is available here.  With a slight jump backwards, we pick it up with: Port Vale An interesting case of ‘fan ownership’.  Valiant 2001 bought the club from the Administrators in […]

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Posted in Benefactors, Debts, HMRC, Insolvency, Ownership, Stadium | 1 Comment »

The ins and outs of the transfer window

Posted on September 3, 2011

So, the transfer window finally slammed shut, to use the mandatory cliché, amid the predictable hype.  In one respect this was hardly surprising – of the 289 August deals reported by the BBC (1), no fewer than 93, or 32%, had taken place on the final day.  In total 141 (49%) had taken place in […]

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Posted in Costs, Globetrotterisation, Premier League, Transfers, Uncategorized | Leave a Comment »

The Big 1, 2, 3 or is it still 4? Or more?

Posted on June 9, 2011

Currently I’m working on a joint research project on various European football leagues with colleagues in Austria.  One set of data which we have produced so far casts some light on this perenial debate.  The latest version of the date centres of course on whether Liverpool ‘have fallen out of the Top 4′, and/or whether […]

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Posted in Governance, History, Premier League, Pyramid movement | 3 Comments »

Some stadium snippets

Posted on April 22, 2011

Mainly, but not exclusively, bad news from various clubs at various levels in the pyramid: Bradford City  (L2; population 294,000; nearest higher Level club Leeds United 10 miles [city centre to city centre, not stadium to stadium]) Younger readers may be forgiven for not knowing that Bradford City was home to Premier League football, albeit […]

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Posted in Stadium | 4 Comments »

Manchester City following in Pompey’s footsteps

Posted on October 2, 2010

Manchester City’s financial results, published earlier this week (1), were generally reported uncritically earlier this week, notwithstanding the key loss of £121m, with the exception at least of The Sun (2), where there was some attempt to look beyond the positive headlining provided by the club. According to the club, the financial highlights could be […]

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Posted in Benefactors, Costs, Debts, Ownership | 10 Comments »

Transfer torpor

Posted on September 7, 2010

The transfer window just isn’t what it used to be.  I found myself habitually clicking to find the latest news from the BBC website and checking Twitter, but there just wasn’t much happening.  Even on the final day, there wasn’t much action to follow, unless you are a Stoke City, Spurs or Sunderland fan. As […]

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The trouble with new stadiums 4 (and final)

Posted on August 10, 2010

[See also The trouble with new stadiums 1, which looked at the argument that "We’re a club with ambition and we need more seats to reflect that ambition", The trouble with new stadiums 2, which looked at the argument that "We’ve got the wrong sort of stadium.  We need one better suited to maximising our […]

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Posted in Assets, Costs, Debts, Stadium | 13 Comments »

A Political Football

Posted on May 20, 2010

In the lead up to the general election (and running alongside a large number of local council elections), I blogged on how I thought it significant that the political parties were wooing the fan vote, but did not hold out much prospect for major new initiatives actually happening after polling day.  Well, as many a […]

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Posted in 2018, Governance, Politics, Premier League | Leave a Comment »

Drinking at the last chance saloon… (Pompey or the whole sector?)

Posted on February 28, 2010

The world of football management has been attracting more than its fair share of clichés and unlikely metaphors of late, and who am I to disappoint. Focus on Friday (English Football’s ‘Black Friday’?) was, unsurprisingly, on Fratton Park, where the media had gathered to report the utterly predictable and inevitable slide into Administration of a […]

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Posted in Debts, Governance, HMRC, Insolvency, Ownership, Premier League, UEFA | Leave a Comment »

St Modwen v. Swindon Town

Posted on November 17, 2009

Swindon Town have one of the worst financial records among English league clubs.  They last turned a profit in 1996/97, and have been into Administration in February 2000 with debts of £3.5m, and again in March 2002 with debts of £1.8m. Following the second Administration, they did not emerge from a CVA until the end […]

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Posted in Debts, Insolvency, Ownership, Stadium | Leave a Comment »

Half Premier League ‘technically insolvent’

Posted on August 15, 2009

The latest report from Equifax on the financial state of the clubs in the Premier League (as reported at 1) makes extremely depressing reading. Details are shown below. The Equifax score is based on accounts data, age of accounts, trading stability, profitability, working capital, gearing, and legal and court information. Club Score out of 100 […]

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Posted in Uncategorized | Leave a Comment »

Liverpool and the Auditors

Posted on June 11, 2009

KPMG, the auditors of Liverpool, have warned of a “material uncertainty which may cast significant doubt upon the group’s ability to continue as a going concern” (1). So, what does the qualification of a company’s accounts by its auditors imply? With a conventional business it would certainly be a cause for concern, and an indicator […]

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Posted in Debts | Leave a Comment »

 
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