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Ben Hayes - Charlton Athletic programme

The Premiership


Glazers to keep tight grip on United

The Glazer family will keep a tight grip on Manchester United after a third of the club is sold off.     Two-thirds of a $1 billion dollar (£630m) initial public offering on the Singapore stock exchange will be through non-voting preference shares, keeping as much as 88 per cent of the voting rights in the hands of the Glazers.   Just 12 per cent will be in the form of ordinary shares with full voting rights, the minimum required by the Singapore stock exchange.

Mittals would have preferred to be sole owners at QPR

Amit Bhatia, the vice-chairman of QPR, had admitted that the Mittals would prefer to be sole owners of the club in an interview with the Financial Times.   However, the Mittals and new majority shareholder Tony Fernandes are getting along fine, despite a minor difference of opinion aired on Twitter about whether to sign David Beckham.

Rovers fans complain to owners

Blackburn Rovers fans are the latest group of supporters in the north-west to express their dissatisfaction about the way in which their football club is being run, following the protests planned for today at Everton.   Rovers fans are thinking of organising their own protest for the home game against Arsenal on September 17th.

Everton FC fans plan protest

The Blue Union coalition of Everton FC supporters' groups is planning a protest march outside Goodison Park before Saturday's game against Aston Villa.    The coalition has reiterated its call for Bill Kenwright, the chairman and majority shareholder, to sell up and leave.   After another transfer window that produced little excitement with just three players coming in on loan, a growing proportion of fans is concerned that the club is stagnating under his leadership.<

Wage bills and success

Using figures from Deloitte this Liverpool fan site makes a comparison between the wage bills of Manchester United and Liverpool and shows that the differences are relatively small over a ten year period.   The writer points out that Spurs managed to finish fourth with a wage bill that was £56m smaller than that of Liverpool.

Transfer window spending up

Premiership clubs splashed out in the transfer window with total spending of £485m up a third on a year ago according to figures from Deloitte, a pattern that was reproduced over four of the five top leagues in Europe, Germany being the exception where spending held steady.   Qualifying for and succeeding in the Champions League appears to be a major motivation for spending.   Although spending was up, it did not reach the 2008 record of £500m.<

United holding company cuts debt

'Red Football Limited, Manchester United's holding company, has seen a big fall in net debt but a rise in the cost of servicing that debt.    There was a 15.7 per cent rise in full year turnover to £331.4m in full-year results to 30 June boosted by new sponsorship money, and higher match day and media revenues. 

Arsenal pay the price for prudence

With their 8-2 defeat at Manchester United, Arsenal have paid the price for financial prudence, particularly their wage structure.   Patrick Barclay, chief football commentator of The Times noted this morning, 'Financial prudence in a mad world has cost Arsenal dear'.

From a purely financial point of view it was more important to defeat Udinese last week and qualify for the Champions League.   A failure to do so would have cost £25m-£26m and denied the club the chance of signing any high quality players before the transfer window closes.

Premier League tax goes over £1bn

The tax contribution of Premier League clubs is set to exceed £1bn this season, according to accountancy firm Saffery Champness which has a number of footballers as clients.

This would represent an increase of more than a third over the last two seasons.   Using figures from Deloitte's annual football finance review, the firm says that the Premier League clubs contributed £725m to the Treasury in the 2009-10 season.   Since then the clubs have benefitted from a 30 per cent uplift in broadcasting revenues, which clubs tend to use on increasing wages.

Arsenal move on Asian market

The Asian market is crucial for Premiership football.    It contains a number of emerging and increasingly propserous countries with growing populations and an appetite for football.   It is a key element in the growth of overseas television revenues.   There are great opportunities for selling merchandise, even if counterfeiting is a problem.  Up to now, Manchester United and then Liverpool have made the greatest strides in this market.