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The Championship

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Wolves make a profit

Wolverhampton Wanderers made a profit in 2014-15, but it is dependent on parachute payments which end this year.  Pre-tax profits were £2.3m but these reduce to £700,000 when depreciation of the Molineux stadium is taken into account.

Turnover was down from £32.6m to £26.4m, largely reflecting a drop in parachute payments.   Gate money, sponsorship and advertising revenue were all up.

Mixed financial position at Leeds

The financial position at Leeds United has stabilised compared to the disastrous stewardship of Gulf Financial Holdings, but many underlying problems remain.

Bolton's troubles reflect a bigger problem

Subject to Football League approval, the takeover of Bolton Wanderers by the Sports Shield consortium headed by Dean Holdsworth has been completed.  He has yet to make investment promises or identify his backers.

Bolton takeover imminent

Former Bolton Wanderers striker Dean Holdsworth is close to a takeover of the club.  His Sports Shield group has been granted a 72-hour period of exclusivity in which to complete a buyout.

Bolton face a High Court hearing on Monday, with HM Revenue and Customs petitioning to have the club liquidated over an unpaid tax and VAT bill of about £3m.  If a takeover cannot be agreed, Bolton are expected to enter voluntary administration.

Cellino sues Football League over TV rights

Controversial Leeds United owner Massimo Cellino is bringing a legal action against the Football League over the collective selling of television rights.   The action arises from the League taking out an injunction to force Leeds to play Middlesbrough on Monday night.

Cardiff owner writes off debts

Cardiff City owner Vincent Tan has converted £65m of the club's debts into equity.  He hopes that the club will be debt free in five years.

The club is currently under a transfer embargo for a breach of financial fair play rules, but he hopes this move will lead to the lifting of the embargo.

Wanderers fans seek to buy club

Bolton Wanderers Supporters' Trust have launched an attempt to acquire the club from Eddie Davies wih the support of local institutions and businesses.   Talks with the Sports Shield consortium led by Dean Holdsworth have not so far produced a solution for the financially troubled club.

Can Charlton fans force owner out?

Charlton fans, organised by the Coalition Against Roland Duchatelet (CARD), will be demonstrating again against the club's Belgian owner and chief executive when they play Blackburn Rovers at The Valley tomorrow.   

Charlton fans have a history of fan activism.   They enabled the club to return to The Valley from ground shares, overcoming the opposition of the local council.   They entered candidates in the council elections under the banner of the Valley Party and ousted the chair of the planning committee.

Bolton Wanderers given a stay of execution

Bolton Wanderers have been given a stay of execution until 22nd February following the hearing of a winding up petition brought by HMRC in the High Court.   They are hoping either to sell assets or to conclude a deal to sell the club.

There are hopes of selling a car park next to the Macron Stadium which would tide them over until next season.   Talks with prospective purchasers are also continuing.

Financial fair play ban for Cardiff City

A transfer embargo has been imposed on Cardiff City for breaching financial fair play rules.   The club is considering an appeal.  They join Bolton Wanderers, Fulham and Nottingham Forest who have been similarly penalised.

The Bluebirds' finances have not been helped this season by many fans voting with their feet and choosing not to watch the team. Last weekend they crashed out of the FA Cup at the hands of lower league Shrewsbury.