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Ben Hayes - Charlton Athletic programme

Football Finance

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Tranmere's financial challenges

Tranmere Rovers hope to win promotion to the Football League in today's play off final at Wembley, but the club has required some investment since Mark Palios bought the club in August 2014.

Average attendances of 5,000 bring in £1 million a year in gate receipts but the playing budget is £2 million, running Prenton Park costs £1 million and their academy £400,000.   Victory today would be worth £1.5m.

The club has developed a link up with China that will mean Tranmere recruiting coaches to work with the Little London School in Hohhot, the capital of Inner Mongolia.

London Stadium naming rights deal in doubt

The proposed naming rights deal between Vodafone and the London Stadium has yet to be signed, leading to fears that HMRC's raid on the stadium last month has led the telecoms giant to reconsider.  A draft contract of a £20m six year deal has been with the Vodafone board since the start of the month, but has not been signed off.

United do well out of Europa League

The Europa League is seen as very much a 'B' list competition in both financial and prestige terms, but Manchester United have done better out of it financially this season than they did from the Champions League last season.

Profit into loss at Gillingham

A profit of £180k at Gillingham in 2015 turned into a loss of £800,000 in the year ended May 2016.   Turnover was flat at £5.68m.

The wage bill was up 10 per cent in 2016, but is less than Ibrahimovic earns in ten weeks, illustrating the gap between the Premier League and League One.  The whole squad cost £80k and no player was signed for a fee in 2016.

A dispute with caterers Centerplate is to go to court in November 2017.   Out of court settlements have been rejected.

Argyle fans concerned about director reappointment

Plymouth Argyle fans have expressed concern about the reappointment of Tony Wrathall as a director of the club.   He bought a five per cent stake from owner James Brent.

Wrathall is a lifelong fan, but is seen as part of the old guard of the club and one of those who shared responsibility for it going into administration.

Juventus look good in Serie A

Accounts for Serie A clubs for the 2015-16 season are now complete and Juventus come out on top on a number of criteria.   Data from the author of the Swiss Ramble blog.

Juventus had the highest revenues at €351m. more than €100m ahead of Roma on €234m.   The importance of Champions League success in television revenues is readily apparent.  Juventus and Roma reached the group stages and they received a total of €195m and €154m respectively.  Juventus had the highest wage bill at €221m, followed by Milan on €204m.

Financial challenges for Swansea

Swansea City AFC may yet retain their place in the Premier League, but they face considerable financial challenges in doing so. Data provided by the author of the Swiss Ramble blog demonstrates that the main factor is a constrained revenue base with a huge reliance on broadcasting income.

Forest set for takeover

Regardless of the results of today's games Greek shipping magnate and former Olympiacos owner Evangelos Mariankis is set to complete his takeover of Nottingham Forest.   This will end the controversial five year reign of Kuwaiti businessman Fawaz al-Hawasi who has managed to get through eight managers.  Let's hope it's not a case of out of the frying pan into the fire.

Why do investors buy non-league clubs?

A correspondent sent me some interesting questions about investors who get involved in non-league football and I thought it would be worth reproducing them and my answers here.

Charlton takeover talks stall

Talks for a takeover of Charlton Athletic by an Australian football consortium have stalled, but may yet be revived.   Unpopular Belgian owner Roland Duchatelet is willing to consider offers.

The consortium were prepared to pay £25m, a substantial sum for a League One club, but had difficulty in raising the money.   They are now looking at alternative ways of securing the required funds.