Skip to main content

"If you want some accessible but informative insight into football then I suggest you couldn't do better than the Political Economy of Football website, which is not only intelligible but comes with the added bonus of being written by Addicks fan Wyn Grant."
Ben Hayes - Charlton Athletic programme



Chinese owners for Villa?

Aston Villa are reported to be in talks with a Chinese consortium about a takeover.  The Rui Kang group is said to be involved and Chinese sources are claiming that a preliminary non-binding agreement is already in place.

Rui Kang is a pharmaceutical company with foreign investment and a strong presence in Hong Kong. However, other reports refer to venture capitalists.

A sale price of £100m is being quoted.

Takeover at Welling

A deal is expected to be concluded which will lead to former Crystal Palace chairman Mark Goldberg taking majority control at Welling United.   The Wings have been relegated to the National League South.

Barry Hobbins has been involved with the club since it was formed in 1963, at one time sharing ownership with his brother who passed away.  

Chinese group may buy AC Milan

The owner of AC Milan, Silvio Berlusoni, has been in negotiations with Galatioto Sports about the sale of the club.  They are representing a Chinese consortium headed by Robin Lee, the sixth richest man in China.

The intial offer would be for 70 per cent of the shares and is believed to be €700m.  The remaining 70 per cent would be acquired at a later date.

New bid for Charlton

A new prospective purchaser for Charlton Athletic has appeared on the scene, reports fanzine Voice of the Valley.   It is being fronted by former Addicks defender Paul Elliott who is a regular in the directors' box at home matches.

An earlier approach fronted by former Addicks chief executive Peter Varney was rebuffed by the club. However, the club has been more responsive to this bid.

Finding a buyer for a club is not easy

Wolverhampton Wanderers have been for sale all season at a realistic price, but have not found a buyer. The club does not want to sell to just anyone who might put its future in jeopardy.

As its chief executive explains, there is a belief that there are plenty of buyers around with tens of millions to spend, but in fact there are quite a few clubs for sale and relatively few buyers.

American takeover at Swansea City

Swansea City are in talks with American investors about a £100m takeover of the club.   The Supporters' Trust would retain its 21 per cent stake and a seat on the board.  The Trust has issued a statement outling its initial reaction to the proposal.

Notts County sale imminent

The sale of Notts County is reported to be close.   It could take place within a week or even tomorrow.  The identity of the purchasers is not known, although there has been speculation about an American consortium.   Potential Danish and Chinese buyers have also been interested.

Ellis defends Lerner

Former Aston Villa chairman Sir Doug Ellis has defended current owner Randy Lerner, saying that he is a 'good man' and he does not regret selling the club to him.

Last week Ellis told the Birmingham Mail, “I warmed to Randy Lerner. He kept his word, has put his £200 million into the club and has little return for it.

Contrasting styles of foreign ownership

This blog essay contrasts the style of ownership at Charlton Athletic and Sheffield Wednesday.  At Charlton, the eccentric decision-making of Roland Duchatelet and his unwilligness to engage in a dialogue with fans, or 'customers' as his chief executive has called them, has led to a vigorous campaign of fan protests.

Notts County sale near

A sale of Notts County is expected to be completed within the next month.   The hearing of a winding up petition against the club brought by HMRC has been postponed.