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Ben Hayes - Charlton Athletic programme

The Premiership


Arsenal's financial model

This article examines Arsenal's financial model which ensures the future of the club as a top one but has delivered relatively few trophies.   It doesn't say anything that is particularly new, indeed it is difficult to do that, but it is a comprehensive treatment.   Whether the model is flawed or not, nothing is going to change that quickly at the Emirates.

Top footballers enjoy 1,500% pay growth

Top footballers' salaries increased 1,500 per cent from the formation of the English Premier League in 1992 to 2010, according to a report from the High Pay Centre think tank.  Over the same period, average UK wages rose 186 per cent.   Players' wages account for up to 70 per cent of a club's turnover, compared with 48 per cent in 1997.

You're supposed to be at home

It's a long time since football fans could walk or take a short tram or bus ride to the ground.  Rightmove have surveyed over 13,000 football fans to find out what proportion of each clubs' fans are local to their stadium.

The Premier League's most local fans are Wigan Athletic with 65 per cent of their support living in the same postcode district as the DW Stadium.   Not surprisingly, the least local were Manchester United fans with only 9 per cent living in the same postcode area as Old Trafford.

Soros buys big stake in United

Famous international financier George Soros has acquired a 8 per cent stake in Manchester United.  He is not to known to have any particular interest in football so must regard the shares as a better investment than the markets seem to.   The shares closed $13.06 on Monday, down 6.7 per cent since the IPO. Whether the defeat at Everton will register on the New York stock exchange remains to be seen.

West Ham still affected by Tévez affair

According to David Sullivan West Ham are still being affected by the Carlos Tévez affair which happened five years ago.   United won £26.5m in damages in an out-of-court settlement in March 2009.   West Ham still owe £10m to Sheffield United which is payable over the next year.

Sullivan said that the repayment burden had affected his transfer budget despite bringing in seven players this summer for a net outlay of around £6.5m.  

Transfer spending still down

Transfer spending by Premier League clubs has grossed £275m over the summer to date, £25m down on the same point last year.  Of course, much depends on what happens on what is often a frenetic last day of the transfer window.

This reflects the pressure of the impending introduction of Uefa's financial fair play rules, rather than any loss of revenue by the competition.   Deloitte are projecting revenues to grow by 1 or 2 per cent to over £2.3bn this year.   At some point the £3bn threshold will be crossed, probably during the course of the next new television deal.

Court decision challenges TV rights

The Premier League's television rights are its most valuable asset and it will take any steps it can to defend them.   However, it may have gone too far in using an agent who was not a regulated solicitor in dozens of cases.  

Such individuals should not carry out certain functions and a court has ruled that in receiving payment from the Premier League to represent them in a private prosecution Media Protection Services was acting as a solicitor when it was not recognised as such.

United shares fall after Van Persie deal

Following the £24m deal to sign Robin Van Persie from Arsenal, Manchester United's shares fell to their lowest level since listing in New York a week ago.   Shares traded below their $14 offer price yesterday, falling 2 per cent to $13.77 by the close in New York.

Werner sets out challenges for Liverpool

Liverpool chairman Tom Werner has been conducting a series of radio and press interviews setting out the challenges facing the club.   On one level, it could be seen as an exercise in reducing the expectations of fans.

Why was the Chevrolet United deal so big?

Simon Hines, the editor of Sponsorship Today, assesses the recent sponsorship deal between Chevrolet and Manchester United:

So why has the new deal broken previous records by such a high margin?  The first point to look at is the starting date. By the time the sponsorship starts in earnest in 2014, it will have been four years since the Aon deal was signed, so it is not an overnight doubling. Rights values for major properties are now growing at a rate well ahead of inflation.