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Football Finance

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South Australia's Oldest Football Club in Trouble

South Australia's oldest football club, Port Adelaide, is in trouble. Port is said to be headed towards a massive operating loss this season - perhaps more than A$500,000. Club finances, even in an era of the AFL being underwritten by media deals, in particular from television, are still heavily reliant in membership and crowd figures. Port have arrested the slide on membership, but its attendances are falling - and, with an average of 24.410 this season, are at a record low. After rising from 12th to second last year, the Power has fallen to 14th with just five wins from 19 games.

Reality Check For Fantasy Football

'Own the club, pick the team' was the offer to bring fantasy football to life made to the 30,000 members of MyFootballClub. Eight months after the web-based company took control of Conference side Ebbsfleet in a blaze of publicity, the novelty has worn off and apathy appears to be setting in. Last Saturday, the team selector finally went live, with members asked whether they wanted to choose the players for the pre-season friendly against Charlton or leave it to manager Liam Daish.

Hearts Debt For Equity Plan

Hearts' debt could be reduced by £12m if a 'debt for equity' plan is ratified at an extraordinary general meeting on July 31. The proposal, announced by Vladmir Romanov, the club's majority shareholder, would see UBIG, the Lithuanian bank of which Romanov is also a majority shareholder, purchase over 34 million new ordinary shares at 35p each, effectively increasing their stake in the Tynecastle club from around 82 per cent to approximately 95 per cent.

Thirty Point Deduction For Luton Town FC

Luton face likely relegation to the Blue Square Conference and possible extinction after the Football League deducted them a total of 30 points. They would probably have to get 80 points next season to survive, as many as Rochdale got to reach the play offs. Many fans think that the penalty is harsh, but the League is insisting that 'rules is rules'. The Hatters were handed an initial ten-point deduction by the FA last month after they were found guilty of 15 misconduct charges involving payment to agents.

Baggies Up For Sale

Chairman Jeremy Peace has effectively put West Bromwich Albion up for sale. He said in a statement that he will listen to any 'substantive and sensible proposals which are in the best long-term interests of the club', including those for his 51 per cent of the club's shares. The reasoning behind his decision is simple: the club needs more money to compete effectively in the Premiership.

Lincoln City FC saved by fans

Fans of Lincoln City were praised by a judge who said they had helped save the football club as he discharged the administration order which had been imposed three months ago. Hundreds of thousands of pounds had been raised by fans by many methods including a seat-naming scheme. The club's future now looks secure after a hearing at the High Court in Birmingham. It follows an agreement between shareholders and creditors which guaranteed the Sincil Bank club for the next two years.