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

Football Finance

Share/Save

Hearts Debt For Equity Plan

Hearts' debt could be reduced by £12m if a 'debt for equity' plan is ratified at an extraordinary general meeting on July 31. The proposal, announced by Vladmir Romanov, the club's majority shareholder, would see UBIG, the Lithuanian bank of which Romanov is also a majority shareholder, purchase over 34 million new ordinary shares at 35p each, effectively increasing their stake in the Tynecastle club from around 82 per cent to approximately 95 per cent.

Thirty Point Deduction For Luton Town FC

Luton face likely relegation to the Blue Square Conference and possible extinction after the Football League deducted them a total of 30 points. They would probably have to get 80 points next season to survive, as many as Rochdale got to reach the play offs. Many fans think that the penalty is harsh, but the League is insisting that 'rules is rules'. The Hatters were handed an initial ten-point deduction by the FA last month after they were found guilty of 15 misconduct charges involving payment to agents.

Baggies Up For Sale

Chairman Jeremy Peace has effectively put West Bromwich Albion up for sale. He said in a statement that he will listen to any 'substantive and sensible proposals which are in the best long-term interests of the club', including those for his 51 per cent of the club's shares. The reasoning behind his decision is simple: the club needs more money to compete effectively in the Premiership.

Lincoln City FC saved by fans

Fans of Lincoln City were praised by a judge who said they had helped save the football club as he discharged the administration order which had been imposed three months ago. Hundreds of thousands of pounds had been raised by fans by many methods including a seat-naming scheme. The club's future now looks secure after a hearing at the High Court in Birmingham. It follows an agreement between shareholders and creditors which guaranteed the Sincil Bank club for the next two years.