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Ben Hayes - Charlton Athletic programme

The Premiership


Serious financial problems at Everton

The seriousness of Everton's financial problems have been revealed in the transcript of a meeting between chairman Bill Kenwright and the supporters' coalition Blue Union.   The publication of the transcript has been a serious embarrasment and the possibility of legal action against Blue Union is being considered.

Fernandes seals QPR deal

Malyasian entrepreneur Tony Fernandes has completed his takeover of Queens Park Rangers.  He has bought out the stakes of majority shareholders Bernie Ecclestone and Flavio Briatore giving him a 66 per cent stake in the club.  

QPR said Mr Fernandes would become chairman and Amit Bhatia, the son-of-law of steel entrepreneur Lakshmi Mittal, who owns the remainder of the club, would return as vice-chairman.  He resigned in May angered by board decisions to sack former chief executive Ishan Sakesensa and to increase ticket prices.

Uefa to scrutinise City deal

Manchester City's sponsorship deal with Etihad Airways is to be scrutinised by Uefa's financial fair play panel.   The deal was rumoured to be worth £400m, but City have said that that figure is not accurate.

QPR announcement expected today

An announcement that Air Asia entrepreneur Tony Fernandes has acquired a majority stake in Queens Park Rangers is expected today.   Most reports refer to a 51 per cent holding, but another possible formula is a 56 per cent stake for Fernandes while Lakshmi Mittal would increase his stake to 43 per cent.   He and Fernandes are reported to have struck up a good relationship.

United to float in Singapore?

A report in the Wall Street Journal and quickly picked up by other media suggests that Manchester United is to float a  stake in the club on the Singapore stock exchange in the autumn.   The exact amount to be offered is not known, but the figure of 25 to 30 per cent has been mentioned.  Credit Suisse have been appointed as advisers to the float, but are refusing to comment. 

Make or break day for QPR deal

Today could be make or break day for the bid by Malaysian airline entrepreneur Tony Fernandes to take control of Queens Park Rangers.   A deal is close to being finalised but has not been sealed and could be delayed or even collapse as the parties seek to reach agreement on final details.

QPR takeover deal close

After a poor start in the Premier League against Bolton, there is some good news for QPR fans.  The close season has been blighted by uncertainty about the club's future ownership, but Malayisan entrepreneur Tony Fernandes plans to arrive in London next Thursday to conclude a deal to acquire the club.  He intends to make available a much needed £10m to reinforce the team.

Twitter row threatens Premier League coverage

An obscure and complex row between newspapers and football's governing bodies has already hit Football League coverage and threatens to disrupt the start of the Premiership season.  Newspaper coverage at the start of the football season last weekend was disrupted as journalists found themselves barred from football grounds.   A number of national newspapers retaliated by scrapping their match reports or omitted sponors' names.

Opening Premiership matches at risk

The opening matches of the Premiership season, particularly those in London, are at risk following the riots across the country.   It is not that the matches themselves are seen as a risk, but substantial (possibly excessive?) police resources are deployed to them and they are likely to be needed elsewhere, if only on standby.

Premiership attendances withstand recession

The world may be experiencing the second wave of the global economic crisis, but Premiership attendances look like holding up well this season.   This in spite of the fact that eleven teams have increased prices above the rate of inflation, itself relatively high by recent standards.