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The Premiership

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Uncertainty over Liverpool and FFP rules

There is some uncertainty about whether or not Liverpool will satisfy Uefa's financial fair play (FFP) rules after the publication of broadly encouraging financial results earlier this week which the club claims will usher in a new era of financial stability.

Of course, there is uncertainty about how the rules will apply to any club, given that the devil is in the detail. The decisions will be as much political as legal ones and it is likely that Uefa, with a French president, will want to make an example of at least one Premier League club.

Liverpool progress on and off the pitch

Liverpool have been doing well on the pitch, but they have also been making progress off the pitch. Their latest accounts relate to the first full year that Brendan Rogers was manager and they show a considerable improvement in the club's financial position. This was in spite of the fact that they did not have Champions League football which is usually worth about £30m.

Villa finances improving

Aston Villa didn't exactly announce their latest financial results with a fanfare, publishing them on the club website, even though they show an improving picture.

After finances were spiralling out of control, leading to owner Randy Lerner to bring in cost-cutting methods while ensuring the club’s Premier League status, Aston Villa are now out of the woods, according to the club's chief financial officer, Robin Russell.

Why buy a football club?

With a few exceptions, notably the Glazers, one rarely buys a football club to make money.  As the old saying goes, if you want to make a small fortune, start with a large one and buy a football club.  One famous book by a footballer had a chapter headed 'What the average owner knows about football' and it was a blank page.  'The Player' in the latest edition of Four Four Two has some interesting reflections about mistakes made by owners, arguing those who keep their distance are the best.

Newcastle fan concerned about club's direction

A 'concerned Newcastle fan' has responded to our recent posting on the annual results at the football club and we are happy to post his comments which give an alternative perspective:

Big profit at Newcastle

Newcastle have announced a post-tax profit of £9.9m for the year ending June 2013. The figure represents an £8.5m increase in profit on the previous 12 months and, according to Newcastle, is down to "player trading, a strong commercial performance and a significant reduction in operational losses". This is the third profitable year in a row for owner Mike Ashley.

Newcastle made a £10.6m profit on player sales, the bulk of which came from the sale of Demba Ba to Chelsea, although £28.7m was paid in transfer fees on the likes of Mathieu Debuchy, Yoan Gouffran and Moussa Sissoko.

Are Rooney wages 'obscene'?

'Obscene' is a word that has been used a great deal in the last few days to describe Wayne Rooney's enhanced wage packet. However, although he earns in a week many times what I have earned at peak in a year, I don't feel envious.

Footballers provide entertainment, or at least they should, which is something that I have rarely done. I would be more concerned about whether relatively mediocre players are overpaid, although admittedly there is something of a 'cascade' effect.

Are transfer losses that surprising?

Premiership clubs have lost £1.2bn over the past decade from buying and selling players, a new study claims. Behind The Balance Sheet, a consultancy set up by financial analyst Stephen Clapham, has set out a critique of the finances of elite football. However, it is open to question whether the findings are that surprising, although that does not mean they should not be a concern.

Is Wayne Rooney worth £300,000 a week?

It is being reported that once Wayne Rooney returns from his warm weather break in Dubai (which I am sure we could all do with) he will sign a new five-and-a-half year £86m deal which will be worth about £300,000 a week.

Is he worth that much? That splits into two questions: is any footballer worth that much and is he worth that much to United? On the first question, one can already envisage Disgusted of Tunbridge Wells drafting a letter to the press.

League Managers Association criticise Cardiff statement

The League Managers Association has issued a statement on behalf of Malky Mackay after Cardiff City Chief Executive Simon Lim issued a strongly-worded statement about the club's summer transfer business.

Lim said the Bluebirds incurred significant losses through the sale of players and says the deals to buy and then sell Andreas Cornelius left the club more than £8m worse off.

But the League Managers Association has now issued its own statement, saying that no manager went out and "signed" players themselves.