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 Premiership

Share/Save

Underdogs win promotion

Huddersfield Town, who won promotion to the Premier League by beating Reading on penalties, are a much smaller club in financial terms than the Royals.   Reading have annual revenues of £26m and Huddersfield £11m.  Reading's wage bill is £31m and that of Huddersfield £13m.

Both clubs, it will be noted, pay out more than 100 per cent of their revenue in wages, but that is not unusual for Championship clubs trying to win promotion.   Huddersfield lose £5m a year.

Unusual trading in Arsenal shares

More than £35,000 was staked on Arsenal shares in 'suspicious' trading activity minutes before news broke of Alisher Usmanov's bid to take full control of the club.  

The trading history on the NEX Exchange, the unregulated market on which Arsenal's shares are listed, shows two trades went through just before the market closed on Friday.  One worth £17,200 was made just after 3pm and the other worth £18,200 shortly before 4 pm.

Arsenal fans not happy with Kroenke

'Silent Stan' Kroenke may face a hostile reception from some Arsenal fans if he attends the FA Cup final on Saturday as anticipated.   Some supporters want him to step aside after minority shareholder Alisher Usmanov made a £1 billion offer for his 67 per cent stake.

After Kroenke Sports & Entertainment said that it was a 'committed long-term investor in Arsenal', the Arsenal Supporters Trust said that the use of the word 'investor' showed that Kroenke was only interested in making money.

Leicester's owners buy Belgian club

Leicester City's owners, King Power, have reached agreement to buy OH Leuven, a Belgian second division team.

What the relationship will be with Leicester City is unclear, but it could serve as a feeder club given the number of high quality players Belgium has produced in recent years.   It could also be used to give experience to Leicester players.

Spurs offer value for money

The Times has constructed a value for money table for each team in the Premier League.  It compares each club's annual wage blll with the number of points they have won.   Tottenham Hotspur come out best with £1.30m paid per point.  Manchester United come last with £3.57m per point.

Liverpool paid out £2.85m per point, Arsenal £2.83m, Manchester City £2.76m and Chelsea £2.56m.

United players would get £38m from final win

Manchester United's players will be £38m better off if they beat Ajax in the Europa League final next week. Under the club's unusual pay policy, automatic qualification for next season's Champions League would mean that United players would get a 25 per cent pay rise.   They would also receive a £1m bonus under the club's performance incentive scheme.

Liverpool launch cut price shirt in China

Liverpool has launched a cut price shirt in China to compete with the widely available counterfeits that sell for just a few dollars.

European clubs are keen to boost their revenue in this fast growing market.  However, the widespread availability of fake shirts and pirated live streams of matches makes it hard for clubs to turn the high level of interest in European football into a reliable income stream.

London Stadium naming rights deal in doubt

The proposed naming rights deal between Vodafone and the London Stadium has yet to be signed, leading to fears that HMRC's raid on the stadium last month has led the telecoms giant to reconsider.  A draft contract of a £20m six year deal has been with the Vodafone board since the start of the month, but has not been signed off.

United do well out of Europa League

The Europa League is seen as very much a 'B' list competition in both financial and prestige terms, but Manchester United have done better out of it financially this season than they did from the Champions League last season.

Financial challenges for Swansea

Swansea City AFC may yet retain their place in the Premier League, but they face considerable financial challenges in doing so. Data provided by the author of the Swiss Ramble blog demonstrates that the main factor is a constrained revenue base with a huge reliance on broadcasting income.