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

Scottish Leagues


Football club uses crowdfunding

The first club in the UK to use crowdfunding as a means of raising revenue to improve facilities at its ground and grow its fan base has generated £10,000 in the first week. Scottish League One club, East Fife FC is using a novel form of investment that seeks to attract small sums from a large number of people to raise, up to £100,000 to fund the development of a new club shop, a bar/café and a 750 seater-stand.

Should Celtic have splashed out?

Would Celtic have avoided an early exit from the Champions League, and a failure to get a consolation place in the Europa League, if they had spent more on transfers?   Possibly, but an alternative view is that they have followed a prudent policy of living within their means.

A more fundamental question is how far a team can develop commercially and on the pitch within Scottish football.  But that is a question that has been asked for a long time and has never found an answer.

Why did big investors take stakes in Rangers?

Football clubs are not generally seen as good investments. They don't usually pay dividends and the chances of making gains through capital appreciation are not good with a few rare exceptions. The Glazers might bring it off with Manchester United, given that the money for the purchase was largely borrowed.

The main motivation for investment, usually involving foreign buyers, is for a trophy investment which brings with it prestige, an enhanced profile or political insurance.

Rangers chief executive quits

The chief executive of Rangers quit today after less than six months in the job, deepening the off-field problems facing the club as it tries to recover from financial collapse. Rangers made a loss of £14m in the 13 months to June.

Rangers said that CEO Craig Mather had left by mutual consent, giving no reason for his departure. He appears to be the victim of a struggle for boardroom control of the club which listed on the AIM stock exchange last December.

More pillaging than the Vikings at Rangers?

A critical analyis of the audited accounts at Rangers suggest that they reveal a level of pillaging comparable to that carried out by the Vikings (although presumably not with the same level of violence or with gold encrusted swords).   It's all a bit duller these days and executed by men in grey suits not wearing helmets.

New concerns about Rangers finances

New concerns have been raised about the finances of Rangers and fans have expressed a fear that the club could enter administration again.   The club has been losing around £1m a month and although there is still £11m in cash, that amount could be quickly eroded.

The shirt on your back

I was travelling on the train to Charlton last Saturday and a very intelligent lad of about ten was sitting opposite me and talking to his much older brother who was evidently already in work.   The lad noted that Andrews Air Conditioning were Charlton's shirt sponsors and asked if air conditioning units were for sale in the club shop.

Green leaves Rangers

Former Rangers chief executive Charles Green has stood down as a paid consultant after less than a month in the role following pressure from supporters.

Mr Green was brought back to the club at the beginning of August, four months after allegations of links with former club owner Craig Whyte forced his departure as chief executive. He denied the claims and a club investigation found no case to answer.

Fan group named as preferred bidders at Hearts

The Joint Administrators of Heart of Midlothian FC plc have today named the bid submitted on behalf of Foundation of Hearts (FOH) as preferred bidder for the club. BDO have effectively dismissed a rival offer from Angelo Massone’s Five Stars Football Limited.

Scottish clubs learn lessons

Football clubs in Scotland's top league have learned lessons from recent financial problems and are confident of making profits this season, according to a survey by accountancy firm BDO. It was carried out before the Scottish Premier League was rebranded the Scottish Premiership.

Hearts and Dunfermline were placed in administration this year, following the liquidation of Rangers in 2011, but the survey of British teams found that Scottish clubs are now keeping a closer eye on their accounts.