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BDO Takes Charge As Scotland's Heart Of Midlothian Enters Administration06 / 20 / 13Accounting firm BDO has "been appointed as the administrators" of Scottish Premier League side Heart of Midlothian, as the club "formally entered administration" Wednesday, according to Angus Howarth of the SCOTSMAN. BDO "will take control of the financial affairs of the Tynecastle club two days aft... Tags: Franchises, United Kingdom |
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West Brom Announce Pre-Tax Profit
EPL club West Bromwich Albion has announced a reduced pre-tax profit of £1.5M ($2.2M) for the financial year ending on June 30, according to the PA. However, "the profit comes along with a surplus" of £9.1M ($13.6M) for the previous months, meaning the club's net debt has been reduced fr ...
Tags: Franchises, United Kingdom
Veteran Doctor To Sue NRL Sharks
Veteran National Rugby League Cronulla doctor Dave Givney has "become the first official to hit back at the Sharks over his sacking" after confirming he was taking legal action against the club, according to Honeysett & Read of THE AUSTRALIAN. Givney was "the first to sound the alarm over the me ...
Tags: Franchises, Australia
Rangers Expect An Increase In Revenue
Scottish Third Division club Rangers plan to increase the club's revenue to £100M ($150M) a year "once it returns to top-level competition," according to Greig Cameron of the HERALD SCOTLAND. Finance Dir Brian Stockbridge made the prediction as he "believes an enhanced retail operation combine ...
Tags: United Kingdom, Franchises
Dunfermline Chair Confident In Club
Scottish First Division club Dunfermline Chair John Yorkston insisted his "crisis-hit club can still survive" after U.K. tax authority HMRC has commenced winding-up proceedings, according to Alan Marshall of the Scotland DAILY RECORD. Despite talks aimed at agreeing a repayment plan over an estimate ...
Tags: United Kingdom, Franchises
Coventry City Faces Administration
League One club Coventry City faces "a serious risk of entering administration next week as the saga involving rent and matchday revenue at the Ricoh Arena threatens to reach breaking point," according to James Riach of the London GUARDIAN. The club's owners, Sisu, and stadium owner Arena Coventry L ...
Tags: Franchises, United Kingdom
NRL Cronulla Chairman Urged To Resign
Former National Rugby League Cronulla Sharks CEO Peter Gow has urged the Sharks board, including Chair Damian Irvine, "to resign over the club's doping scandal, claiming board members had taken action against the coaching staff in order to 'save their own skin,'" according to Stuart Honeysett o ...
Tags: Franchises, Australia
Portsmouth Supporters Trust Close To Takeover
The Pompey Supporters Trust has taken a "significant step" towards completing its takeover of the "stricken south coast club" after exchanging contracts with the administrators PKF, according to Owen Gibson of the London GUARDIAN. The two parties have exchanged contracts pending a high court case on ...
Tags: Franchises, United Kingdom
Arsenal Chair Denies Takeover Bid
Arsenal Chair Peter Hill-Wood has "denied any knowledge of a takeover of the Premier League club by interests in the Middle East," according to the London EVENING STANDARD. Of a possible £1.5B ($2.2B) takeover, Hill-Wood said, "I have heard nothing and I don't think anybody knows anything abou ...
Tags: Franchises, United Kingdom
PSG Makes $164M From Miscellaneous Sales
Ligue 1 Paris St. Germain "made more money from miscellaneous sales" than from its football income, according to Tariq Panja of BLOOMBERG. PSG’s net loss during the '11-12 season was kept down to €5.5M ($7.2M) because of €125.4M of income from “other products,” according ...
Tags: Franchises, Europe
Cortese Unhappy With EPL Wage And Spending Controls
EPL side Southampton Exec Chair Nicola Cortese "has criticised the Premier League's decision to impose wage and spending controls on member clubs," according to Peach & Ziegler of the PA. Saints reported a £0.9M ($1.34M) profit for the last six months" of '12, helped by "the inc ...
Tags: Franchises, United Kingdom
