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Ben Hayes - Charlton Athletic programme

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Points deduction for not sorting out finances

The Dutch football authorities have deduced FC Twente three points for failing to make progress on required financial reforms.

One wonders if this could be used more widely given that fines are not a big constraint for wealthy clubs and even transfer embargoes or squad restrictions have their limitations.   It could, of course, only be applied at a domestic level.

Leicester in FFP talks

Leicester City are bottom of the Premier League and increasingly look unlikely to escape relegation.  Now they face the additional problems of talks with the Football League about their £20.8m loss in the last financial year and whether it represents a breach of financial fair play rules.

From the League's perspective it is in excess of the £8m permissible loss, but Leicester consider that £13m of the losses are due to the costs of promotion.   They have also reduced losses from £34m in the year ending May 2013.

Liverpool back in the black

Liverpool FC have reported a profit for the first time in seven years.   The margin of pre-tax profit for the year ending May 2014 is only £0.9m, but it has a broader significance.   It suggests that a club can challenge for a top four spot while still operating on at least a break even basis.

It is really increased revenues that have helped the club.   They were up 19 per cent at £255.6m. Between 2009 and today, they have increased from around £170m to over £250m.

QPR report substantially reduced losses

QPR have reported substantially reduced losses for the last financial year.   They are down to £9.8m in contrast to a massive £65.4m in the year ending May 2013.  Expenditure is down £22m, largely due to lower player costs.   Shareholders have also written off £60m in loans.

The club has faced difficulties over compliance with financial fair play rules, but these results should help their position.  

Success story for Spitfires

There was a record attendance of 4,126 at the Silverlake Stadium, Eastleigh for the visit of Macclesfield Town last Saturday.   The BT cameras were also present for a live screening of the game.  Eastleigh won 4-0 and are just outside the play off places in the Conference.

Phoenix club should soon get keys to Edgar Street

Phoenix club Hereford FC may have to wait a couple of weeks before they get the keys to the Edgar Street ground of former club Hereford United.    They were wound up in December after failing to pay debts of £1m.  Electrical safety tests have to be carried out and there are burst pipes and other issues to be attended to.

Phoenix club should soon get keys to Edgar Street

Phoenix club Hereford FC may have to wait a couple of weeks before they get the keys to the Edgar Street ground of former club Hereford United.    They were wound up in December after failing to pay debts of £1m.  Electrical safety tests have to be carried out and there are burst pipes and other issues to be attended to.

Big shirt sponsorship deal for Chelsea

Chelsea have secured the second biggest shirt sponsorship deal in English football history.   They have agreed a contract worth £40m a year with the Yokohama Rubber Company to start next season.  The club regards it as another important step towards being self-financing and compliant with financial fair play rules.

Rams could be hit by parachute payments

Derby County are playing well, if sometimes they are a little too prone to concede goals, and have reasonable expectations of being promoted to the Premier League this season.   Even if they did only survive one season, they would be set up financially for years to come.

Greek government backs down on football ban

The new left-wing Greek Government has had to compromise in its negotiations with the European Union and now it has had to back down on a proposed indefinite ban on football in the Greek Super League.  Governing party Syriza is facing internal tensions over its deal with the EU and could not expend political capital stopping the country's favourite sport.  There will now be just a ban on this weekend's Super League Matches.