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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King’s Lynn down a key player as they face HMRC

Posted on November 23, 2009

King’s Lynn, who face a winding-up order in court this Wednesday from HMRC over a debt of £65,000, have just seen the resignation of their recently appointed Financial Director David Handley (1).  This is clearly a cause of deep concern to Linnets fans, but it might the bigger picture behind this might just pick up […]

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Posted in Benefactors, Debts, Football Conference, Governance, HMRC, Insolvency, Ownership, Trusts | 8 Comments »

Insolvency overview

Posted on November 15, 2009

Three weeks is a long time in football management – it was only on 25 October that I posted my last overview.  Previous ‘overviews’ can be accessed by clicking on the ‘Overviews’ tag at the top of the page. With a number of clubs things have become clearer, but for many the confusion has just […]

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Posted in Debts, Fit and Proper Person tests, HMRC, Insolvency, Ownership | 23 Comments »

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 »

Premier League wages

Posted on June 6, 2009

Deloitte’s Annual Review of Football Finance is eagerly awaited by fans of the football business, and this week’s appearance was no exception (1). Their view that, all in all, the Premier League garden is rosy, was repeated in reports such as that of the BBC, which is headlined “Premier League ‘defies downturn’” (2). Over recent […]

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Posted in Costs, Revenues, Wages | Leave a Comment »

Councils & Clubs – Southampton, Darlington, Cheltenham Town and Bury

Posted on April 3, 2009

Historically the link between councils and football clubs has been the ownership of stadiums. Today in the Premier League only Hull City and Newcastle United retain this link, yet another indicator of the post-commercialised game. But are new links emerging? As the precarious future of Southampton is picked over, the Daily Echo reports that the […]

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Posted in Community, Insolvency | 1 Comment »