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Ben Hayes - Charlton Athletic programme

The Championship


Bolton face administration

Bolton Wanderers face the threat of administration despite a fire sale that has included putting their entire playing staff on the market and raising £4m by selling the offices at the Macron stadium.   The club's situation remains finely balanced despite the sale of the offices and the prospect of future income from transfers.   The offices are rented to several businesses and generated £800,000 annually.

Last chance saloon for Charlton

Charlton fanzine editor Rick Everitt reckons that Charlton are in the last chance saloon.   There is the chance of a takeover in the January transfer window that could transform the fortunes of the relegation threatened club.

In the latest issue of Voice of the Valley, Everitt revealed an exchange of e mails between former Charlton chief executive Peter Varney and the current incumbent Katrien Miere.   Varney was trying to set up a meeting to discuss an investment proposal, but effectively got the brush off.

Leeds face misconduct charge

Leeds United will face a misconduct charge if they persist in refusing admission to Sky staff to broadcast tonight's match with Derby County.

Stadium refit key for Bristol City

Bristol City majority shareholder Steve Lansdown sees the stadium refit currently under way at Ashton Gate as key to their ability to compete in the Championship and eventually aspire to promotion to the Premier League.

As it is the Robins cannot compete with teams with parachute payments, but the refit will boost capacity at the stadium to 27,000.  It is hoped that this will boost attendances, currently averaging 15,000, to over 20,000.

Bolton try to hold on to assets

Bolton Wanderers have resisted overtures from Preston North End to buy their training ground.   The financially troubled club is trying to hold on to all its assets while it secures an investor.  

Manager Neil Lennon is confident that the club can avoid administration.   New prospective purchasers keep appearing all the time, although it is difficult to tell how serious they are.   With the help of the Professional Footballers' Association, players' wages should be paid at the end of December.

Leeds and Wolves are best buys

A football finance expert reckons that Wolves and Leeds represent the best remaining investment opportunities among big clubs and are certainly the most attractive purchases in the Championship.

Winding up order expected at Bolton

Bolton Wanderers expect to receive a winding up order from Her Majesty's Revenue and Customs in the next few days.   The club owes £600k in unpaid taxes.   They are thought to need £15m to get to the end of the season.

Spending money by the sea

The author of the Swiss Ramble blog has turned his attention to Brighton and Hove Albion and provides a fascinating and in depth financial portrait of the club.

Like virtually all Championship clubs, the Seagulls lose money big time and are reliant on funding by their owners.   Some owners are more generous than others and there is no doubt that Tony Bloom has pumped huge sums into the club.

Nottingham Forest submit accounts

Nottingham Forest have submitted their accounts for 2014-15 to the Football League for assessment under the financial fair play system.   Having lost £22m in 2013-14, they have reduced their wage bill and benefitted from player sales.   They are thought not to be far off the required limit of £6m.   However, they anticipate the transfer embargo being lifted in the summer rather than Janaury.

Brighton make big losses

The difficulties of competing effectively in the Championship without parachute payments are shown by the accounts of league leaders Brighton and Hove Albion for the 2014-5 season. They reported losses of £10.44m.

The club finished 20th last season which helps to explain why turnover declined by £300k to £23.7m. Operational efficiencies helped to hold down administrative costs, but footballing costs were up and represented 100 per cent of turnover, twice the recommended level.