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

The Championship


Cardiff debts shifted to Tan

Cardiff City owner Vincent Tan has paid off some of the debts relating to the building of the club's new stadium, as well as other debts relating to player acquisitions.

However, this does not change the club's underlying financial situation, just who the money is owed to.  It is estimated that the club could now own Tan over £150m.   Only converting some of this debt into equity would change the position.

Carson Yeung refused bail

Birmingham City majority shareholder Carson Yeung has been refused bail ahead of an appeal against his conviction for money laundering to be held in March.   He does have some hopes of success in the appeal.

In another twist, a mystery individual has bought a large stake in the club and it could be Yeung's common law wife.

Three clubs get transfer embargoes

Three Championship clubs have been placed under transfer embargoes until June under the Football League's financial fair play rules: Blackburn Rovers, Leeds United and Nottingham Forest.  They will then have the opportunity to have the embargoes lifted if they can show that they have stayed within the rules.

Football League show to switch channels

The Football League Show is to switch from the BBC to Channel 5 from next season.  The deal runs for three seasons.  Channel 5 did not offer any more money than other bids on the table, but promised to screen the show at the prime time of 9 pm on Saturdays.

At present the show follows Match of the Day on the BBC.   The late night timing is inconvenient for many fans, although there is a repeat on Sundays.    This will continue.

Fiscal chaos at Leeds United FC

The accounts of Leeds United FC are in chaos according to this report.   Income last year was down from £28.6m to £25.3m with reductions in all aspects of income including match day and commercial.

As a result there was a £20.4m loss which becomes £22.8m post tax.   This means that the club is very likely to incur a transfer ban under the Football League's financial fair play rules.

QPR ready to take Football League to court

The Football League is now examining the accounts submitted by Championship clubs to see if they exceeded the allowable loss limit of £8m (some expenditure is excluded such as youth development).   The League is expected to announce its findings in the next few weeks to ensure that any appeals can be held before the transfer window opens on January 1st.

Football League in Pannu probe

The Football League has asked for an explanation of abusive comments made by director Peter Pannu on a supporter's website.   In a statement the club characterised the rambling comments as 'unprofessional' and 'ludicrous'.

Among other points made by Pannu, he alleges that the board do not want to sell to Jeremy Wray who has put in a fornal bid, but to another party, possibly located in China.

Blues deny financial problems

Birmingham City have issued a statement denying that the club is facing financial problems.  Last week former chairman Peter Pannu issued a statement claiming that they would have difficulty meeting a seven figure corporation tax bill.

Massimo Cellino will not sell up at Leeds

Massimo Cellino has said that he will not sell up at Leeds United despite having failed the Football League's fit and proper person test.

The demographics of daring to dream

Brentford (3rd) and Bournemouth (4th) are the two surprise packages of the Championship so far this season.  At the start of the season, Brentford fans would probably have settled for consolidation in the division with a lower mid-table position being seen as good enough.  Four Four Two forecast that they would be 22nd and one could get 12-1 on them being promoted at the beginning of the season and just 7/2 on relegation.