Post by QPR Report on Jun 5, 2009 6:33:02 GMT
Football Fan Census/Football Finance News
Clubs better equipped today to avoid administration
Most of the clubs in the Football League are likely to be in a more stable position to deal with the current economic climate than what they would have been a few years ago, it has been suggested.
Clubs at the top of the English game seem to be coping fine with the recession, with Manchester City already taking the chance to purchase Gareth Barry from Aston Villa for £12 million, offering him around £100,000 a week in wages.
Meanwhile, certain clubs in the lower leagues are having to significantly trim their squads in the close season to balance the books.
But Julian Rhodes, joint chairman of Bradford City, has told the Yorkshire Post that some clubs spending, while others are struggling, is no different to any other industry.
He said: "There will still be a couple of clubs who will probably go into administration in the coming season … this is more likely to be the case at clubs who, in the past, have relied on a single benefactor whose own private business interests may have been hit over the past year.
"On the whole, I feel most clubs are better equipped to deal with a recession than they would have been, say, five or six years ago."
Among the clubs to have already fallen into administration are Southampton and Darlington.
Written by Terry Mitchell
www.footballfanscensus.com/football-industry-news/go/item/19203942/article/clubs-better-equipped-today-to-avoid-administration
Clubs better equipped today to avoid administration
Most of the clubs in the Football League are likely to be in a more stable position to deal with the current economic climate than what they would have been a few years ago, it has been suggested.
Clubs at the top of the English game seem to be coping fine with the recession, with Manchester City already taking the chance to purchase Gareth Barry from Aston Villa for £12 million, offering him around £100,000 a week in wages.
Meanwhile, certain clubs in the lower leagues are having to significantly trim their squads in the close season to balance the books.
But Julian Rhodes, joint chairman of Bradford City, has told the Yorkshire Post that some clubs spending, while others are struggling, is no different to any other industry.
He said: "There will still be a couple of clubs who will probably go into administration in the coming season … this is more likely to be the case at clubs who, in the past, have relied on a single benefactor whose own private business interests may have been hit over the past year.
"On the whole, I feel most clubs are better equipped to deal with a recession than they would have been, say, five or six years ago."
Among the clubs to have already fallen into administration are Southampton and Darlington.
Written by Terry Mitchell
www.footballfanscensus.com/football-industry-news/go/item/19203942/article/clubs-better-equipped-today-to-avoid-administration