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Bolton's wage bill challenge

Bolton Wanderers face a major financial challenge as they seek to adjust their wage bill to life in League One.   The average salary for a League One footballer in 2015 was £90,000 a year.  Several Bolton players are well in excess of that.   The wage bill was the main reason Bolton were losing £1m a month when the Sports Shield consortium took over in February.

Football clubs in great financial shape

Football clubs have never been in better financial shape, according to a study by insolvency experts Begbies Traynor.   Only two clubs show signs of financial distress.   That amounts to three per cent of the total compared with 18 per cent in 2012.

The improved performance is down to the trickle down effect of television money, but also to good housekeeping enforced by the Football League and Her Majesty's Revenue and Customs.

Cull of managers continues

The managerial merry go round continues in the Football League.   Of the 72 clubs, 42 have made managerial changes and eight clubs have made a second change of the campaign.   Charlton have had three head coaches.

At Notts County Mark Cooper replaced Jamie Fullarton only 69 days after Fullarton himself replaced Ricardo Moniz.   Cooper has been given a points target to meet if he wants to remain in post.

Premier League wants cup entry for under 21 teams

The Premier League is negotiating for entry for 16 of its under 21 teams to the Johnstone's Paint Trophy next season.   League One and League Two clubs would receive contributions towards their youth development programmes in compensation.

The Football League is insisting that the teams should not be called 'B' teams.   Some Premier League clubs would like to have 'B' teams in the lower reaches of the Football League.

Millwall development threat

Millwall will continue to fight to safeguard their future after a decision on whether land around The Den would be sold to property developers was delayed last week.  Lewisham Council was due to discuss compulsory purchase orders on Wednesday, but a decision was deferred and a legal investigation will now take place.

If the deal eventually goes through, land which includes the club's car park would become privately owned by a property development company, Renewal.   Millwall currently lease the land.

German investors interested in Bradford City

A group of German investors is reported to be interested in taking a stake in Bradford City.  Interest from German investors in English clubs is relatively unusual.

No imminent developments are expected from the talks with the German investors.   They surfaced last summer and attended a home game late last year.

Last summer a takeover bid headed by former QPR chairman Gianna Paladani came to nothing.

Wigan make loss

Wigan Athletic made a loss of £3.9m in 2014-15, their first loss in four years.   In the previous year they made a profit of £2.6m.  Turnover fell from £37m to £28m.  One factor was a reduction in Premier League parachute payments.   The club's net debt now stands at £13.3m.

Port Vale up for sale

Port Vale have been put up for sale following their defeat in the FA Cup at Exeter on Saturday.  Chairman Norman Smurthwaite has pumped in 800k since he took over, initially with a business partner in 2012 and then as sole owner from 2013.

He clearly thinks he has not got value for money with Burton Albion topping the table on a 30 per cent smaller budget.

Blackpool fan takeover rejected

Blackpool owner Owen Oyston has ended talks with the club's Supporters' Trust over a possible takeover. The Trust had launched a £16m bid in July.

In a letter on the club's website, Oyston said: 'I believe that if you were left to run the club you would go to the wall because you do not have any money or the experience necessary to support the club in its moment of need.'

'It would be irresponsible of me to simply hand this over to you as it is clear to any independent observer that you could not operate it successfully.'

Coventry City get stadium deadline

If Coventry City want to build a new stadium to get away from the Ricoh Arena, they need to have their plans in place by December.   That is when the Local Plan is expected to be completed and once that it is done it will be more difficult to get permission to build on Green Belt land, as is likely to be needed.