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Liverpool back in the black

Liverpool FC have reported a profit for the first time in seven years.   The margin of pre-tax profit for the year ending May 2014 is only £0.9m, but it has a broader significance.   It suggests that a club can challenge for a top four spot while still operating on at least a break even basis.

It is really increased revenues that have helped the club.   They were up 19 per cent at £255.6m. Between 2009 and today, they have increased from around £170m to over £250m.

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.  

Success story for Spitfires

There was a record attendance of 4,126 at the Silverlake Stadium, Eastleigh for the visit of Macclesfield Town last Saturday.   The BT cameras were also present for a live screening of the game.  Eastleigh won 4-0 and are just outside the play off places in the Conference.

Phoenix club should soon get keys to Edgar Street

Phoenix club Hereford FC may have to wait a couple of weeks before they get the keys to the Edgar Street ground of former club Hereford United.    They were wound up in December after failing to pay debts of £1m.  Electrical safety tests have to be carried out and there are burst pipes and other issues to be attended to.

Phoenix club should soon get keys to Edgar Street

Phoenix club Hereford FC may have to wait a couple of weeks before they get the keys to the Edgar Street ground of former club Hereford United.    They were wound up in December after failing to pay debts of £1m.  Electrical safety tests have to be carried out and there are burst pipes and other issues to be attended to.

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.

Yeung deals Blues a blow from his prison cell

I am sometimes surprised by what it is possible to do from a prison cell if you have the right connections, although, of course, the fact that someone is imprisoned does not deprive them of recourse to the courts, at least not in Hong Kong.

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.