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Football Finance

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Orient served with winding up order

Leyton Orient have been served with a winding up order over unpaid tax bills.  The case will be heard in the High Court on March 20th.  The money owed to HMRC is thought to be in the region of £250,000.

The last set of financial results for the club suggested that debts exceeded assets by £5.5m.  The club are in real danger of relegation to the National League which would make them less attractive to prospective buyers.

Blackpool's woes help AFC Fylde's success

David Haythornthwaite grew up as a Blackpool fan.   Having succeeded with his business Tangerine Holdings, which makes farming and veterinary products, he made unsuccessful attempts to buy the club from the Oystons in 1998 and 2005.

Progress on Carlisle mystery takeover bid

The 646-day takeover saga at Carlisle United may be nearing a conclusion.   Discussions with a mystery overseas businessman have been going on for the better part of two years, but have gone cold several times.  

However, the club are now close to deciding whether to conclude a deal.   Significant headway has been made in getting answers to outstanding questions.

Shrewd Southampton

Given that their net spending is consistently in the Premier League bottom five at less than £8m per season, Southampton's record of three successive top eight finishes makes them the top flight's biggest over achievers since their promotion from the Championship five years ago.   In 2009 they were in League One and administration.

Profits up at Arsenal

Despite a record £110.5m spend on players, Arsenal reported profits of £12.6m in the six months to 30 November 2016 compared with a £6.2m loss in the corresponding period last year.  Once again Arsene Wenger shows that he is following a successful commercial formula.

Turnover was up substantially from £158m to £191.1m year on year.  45 per cent of revenue came from broadcasting, boosted by a bigger share of the Uefa pool.   This was even more valuable given the fall of the pound as it is paid in euros.

From hero to zero

Having won an unlikely Premiership title for Leicester City, Cladio Ranieri was peremptorily sacked as manager yesterday, a fortnight after winning the dreaded vote of confidence.

His dismissal reaffirmed two clichés of contemporary football.   First, it's a results business.  Leicester are in real danger of being relegated to the Championship.  

AS Monaco's dilemma

AS Monaco face a difficult financial balancing act.   In 2014-15, the club made €117m, less than a third of Paris Saint-Germain's total for the same campaign.  With little match-day and commercial revenue, they are very reliant on Champions League qualification.    They can make €2m from a Champions League game.  This means remaining competitive on the pitch while seeking to maximise profits in the transfer market, a difficult balancing act.

Top Chinese club phase out foreign players

China's top football team has pledged to phase out foreign players after the government called on clubs to stop 'burning money' on 'irrational' international transfers, amid a wider crackdown on capital outflows.

Guanzhou Evergrande, winner of the Chinese Super League (CSL) for the last six seasons, led the way in the importation of foreign talent.   They spent several hundred million dollars, winning the Asian club championship in 2013 and 2015.

Chaos at Orient

Leyton Orient are in a state of chaos under owner Francesco Becchetti and face relegation to the non-league pyramid for the first time in their history.   Becchetti is now neglecting the club, using protests as an excuse, and refusing to authorise any squad additions.

It will be difficult to find a buyer for the League 2 club, the second oldest professional club in London, as the owner has loaded it with £9m to £10m of debt.

Bolton owners at odds

Bolton co-owners Ken Anderson and Dean Holdsworth have an increasingly strained relationship and the whole matter could end up in court.

Chairman Anderson spoke out on the club website about the sale of Zach Clough to Nottingham Forest for £2.5m, claiming that he was left with no alternative after Dean Holdsworth refused to provide any funds to financially support the club.