Finance

Rangers: Crisis Over, Or Just Beginning?

Rangers: Crisis Over, Or Just Beginning?

By on Apr 1, 2014 in Finance, Latest, Scottish Football | 1 comment

It is little wonder that Scotland’s Mainstream Media (SMSM) get a hard time when, aside from any perceived Celtic/Rangers/Old Firm bias, they make such elementary errors. The Rangers International Football Club (RIFC) interim results revealed operating losses of £3.6m between July 1st and December 31st 2013, which the Daily Record and the Herald newspapers called...

Read More
“Full Of Thieves And Crooks”  – Massimo Cellino Delivers His Verdict

“Full Of Thieves And Crooks” – Massimo Cellino Delivers His Verdict

By on Mar 31, 2014 in Finance, Latest | 1 comment

Twenty-five thousand people listened to it in two hours, and now a lot of them are looking for some answers. Over the weekend, a Leeds United supporter managed to get hold – from, it should be added, publicly available sources – of the telephone number Man Who Be The New King Of Elland Road, Massimo Cellino, and gave him a call, with surprising results....

Read More
Leeds United & The Lottery Of The Owners & Directors Test

Leeds United & The Lottery Of The Owners & Directors Test

By on Mar 24, 2014 in Finance, Latest | 2 comments

So there, then, is the decision of the Football League. Massimo Cellino has been adjudged by the Football League to have failed its Owners & Directors Test on account of his conviction under Italian law over the non-payment of tax for a boat that he owned. The League’s statement on the matter was clear enough to leave little quesion in the minds of those...

Read More
Which Way Now For Leeds United?

Which Way Now For Leeds United?

By on Mar 18, 2014 in Finance, Latest | 2 comments

In a sense, the single most surprising aspect of Massimo Cellino was its timing. As the office workers of this country fumbled their way through their first cup of coffee of the morning, the news came through from Italy that Cellino had been found guilty of evading import duty with regard to the purchase of a yacht which was impounded in 2012 and fined €600,000. It...

Read More
Birmingham City & The Self-Importance Of Being Peter

Birmingham City & The Self-Importance Of Being Peter

By on Mar 16, 2014 in Finance, Latest | 6 comments

Birmingham City’s still-acting chairman Peter Pannu recently dismissed Birmingham City supporter protests as something of a norm for English football. More of a norm for English football, however, is Pannu’s sense of self-worth, which is only matched by whoever is responsible for paying him £400,000 a year for his role at the football club. And attached to this...

Read More
Hard Questions & Hard Times For Exeter City’s Supporters’ Trust

Hard Questions & Hard Times For Exeter City’s Supporters’ Trust

By on Mar 12, 2014 in English League Football, Finance, Latest | 4 comments

Just over decade ago, Exeter City were struggling both on and off the pitch, battling to stave off both administration and relegation to non-league. Fast forward ten years and Exeter City are again battling to stave off relegation to non-league, punctuated with worrying messages about cash flow. But while their main issue in 2003 was the convicted fraudster at the...

Read More
The Madness Of Queens Park Rangers’ Annual Accounts

The Madness Of Queens Park Rangers’ Annual Accounts

By on Mar 6, 2014 in Finance, Latest | 4 comments

Well, at least we now have a fuller picture of exactly why the club is understood to be so steadfastly against the notion of Financial Fair Play. It had been expected that the release of Queens Park Rangers’ annual accounts for their 2012/13 financial year would not make for particularly appetising reading for the club’s supporters, but to suggest that...

Read More
Birmingham City & Rangers: A Bad Week To Be A Bluenose

Birmingham City & Rangers: A Bad Week To Be A Bluenose

By on Mar 5, 2014 in Finance, Latest | 1 comment

Both sides of what could soon be a proper international border, it is tough being a “Bluenose” just now. The odds against Rangers seeking the financial sanctuary of administration, or the sale and leaseback of major assets, as solutions to their latest book-balancing difficulties get shorter each day. Meanwhile, the semi-mythical “Owners and Directors Test” in...

Read More