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Ben Hayes - Charlton Athletic programme

Football Finance

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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.  

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.

How to balance the books

I have been looking at the accounts for a tier two Conference club.   The shareholders are supporters and the shares are quite widely dispersed, although there are five or so individuals who have larger holdings.

The club reported profits of £52,000 on a turnover of £267,000 in the year ending 30 June.   This compared with £21,000 in the previous twelve months.

More ticket price rises on the way at Liverpool

It looks as if more ticket price rises are on the way at Liverpool to help pay for the redevelopment of the main stand.   Providing more capacity, and in particular more hospitality suites, is seen as crucial to the club's continued ability to compete at the top level.   Good progress is being made in finding a sponsor for the stand.

The sad tale of Parma FC

Recently I was one of the examiners for a PhD thesis on cheese.   One of the other examiners was Italian and there was a big debate about the quality of different types of Parmesan cheese.   There are real cheese wars going on between 'New World' and 'Old World' countries and it's a major source of conflict in international trade negotiations, not least over what can be sold as 'Parmesan' cheese.

The strange tale of the club on top of a car park

As far as I know, only one European club has its stadium built on top of a car park: Monaco's Stade Louise. Of course, space is at a premium in the densely populated principality with its very rich inhabitants.   The principality's royal family is an endless source of fascination for celebrity magazines.   If it was a Hollwyood film, you would think it was pure fiction.  

Swansea City takeover unlikely to proceed

Swansea City can celebrate with justification after completing the double over Manchester United and staying in the top half of the table all season, no mean feat from a city (known in Welsh as Abertawe) that is not that large or that prosperous.   The club has, however, clearly been well run after recovering from some dark days.

In search of Argyle

In my role as mainland football correspondent for Radio Scilly, station manager Keri Jones always encourages me to do stories on Plymouth Argyle.   They undertake training for youngsters on the islands from time to time which is much appreciated.    As the nearest league club, albeit one that is difficult to reach, they have a number of followers on the Isles of Scilly.

Big losses at Charlton Athletic FC

In many ways Charlton Athletic are typical of many Championship football clubs whose financial problems for at least five years could be solved by just one year in the Premier League. In the meantime, the club continues to make substantial losses of over £7m a year. It is difficult to see how this can be sustained, given that owner Roland Duchatelet thinks that clubs should move to a break even position.