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Football Finance

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The £180m game

Even if they are relegated straight back to the Championship, the winner of the play off final between Hull City and Sheffield Wednesday is likely to be £180m better off explains sports lawyer Daniel Geey.

The rewards from promotion set up serious tensions in the Championship.   In the last published set of figures for 2014-15, half the clubs in the division had wage bills more than 100 per cent of turnover.

Are clubs more interested in profits than success?

Carlo Ancelotti has suggested that Arsenal and Manchester United are more interested in profits than success.   However, this Arsenal fan thinks that his club have turned a corner and are now more focused on success.

Mourinho talks hit trademark snag

The negotiations over José Mourinho's contract with Manchester United have hit a snag over his trademark.  Chelsea will demand a settlement of several million pounds to pass on the trademark for him which the club has owned since 2006.

Chelsea owns three separate Mourinho trademarks which are due to expire between 2023 and 2025.   If retained, they would prevent United attaching their manager's name to a wide range of merchandise including teddy bears, after shave, computer games and football boots.

Arsenal top money league

Arsenal became the first team to collect more than £100m in Premier League prize money in the season just ended.   Next year the club that comes 20th is likely to earn that.

Following their £101m came Manchester City with £96.7m, Manchester United with £96.5m and Tottenham Hotspur with £95.2m.  

Title winners Leicester City came in fifth, receiving £93.2m.   Their matches were selected for broadcast only 15 times, compared with 26 at Manchester United and 25 at Manchester City.

Challenges facing Brentford

The latest club to receive the forensic financial analysis of the Swiss Ramble blog is Brentford.  As usual. there is a wealth of comparative data on other clubs in the Championship.   One general point to emerge is the extent to which ever growing parachute payments distort competition in the Championship to the disadvantage of clubs like Brentford.

Bradford City bought by Germans

Bradford City has been bought by a German consortium in an unexpected development, although apparently negotiations have been going on for a year,   League One clubs with potential are attracting increasing interest from foreign buyers.

It is believed that the price paid was around £6m which is a relative bargain for a club with Championship potential.

Co-owners Mark Lawn and Julian Rhodes are stepping aside as part of the deal.

New Villa owner not quite what he seemed

What is claimed to be a 'miscommunication' led to Aston Villa overstating the number of companies under the control of new owner Tony Xia.   

It was claimed that his company had the controlling interest in five publicly listed companies.   In fact it only has a 75 per cent stake in Lotus Health, a large producer of the food additive MSG.   Four other companies are said to be in the process of acquisition.

Sunderland seek to boost finances

New Sunderland chief executive Ellis Short has been given the task of boosting the club's finances.  Their last set of accounts showed that pre-tax losses has gone up by £8m to £25.4m.   Turnover fell from £104.1m to £101.1m.

Staying in the Premier League was vital as they will benefit from the new television contracts.  Boosting sponsorship and merchandising revenues may not be easy.

New Chelsea kit deal expected

Having terminated its kit deal with adidas which was worth £30m a year, Chelsea are expected to conclude a new deal with Nike worth £600m over ten years.  This would rank them second after Manchester United in terms of kit deals.   Arsenal's kit deal with Puma is worth just over £30m a year.

Villa deal completed

Aston Villa has been sold to Chinese businessman Tony Zia for £60m.   Xia has a strong track record as a businessman in China.   His Recon Group is a holding company which controls five companies.

The new owner says that he is prepared to spend £50m on new players and wants to make Villa the most popular club in China.

Outgoing owner Randy Lerner sank tens of millions of pounds into the club during his period of ownership.  He said farewell in a rambling statement on the club website.