Dear WSC
The letter from Joe Newman (WSC 195) claimed that only those managers who have sold their shares in the ProActive agency stand to financially benefit from transfers involving the players on the agency’s books: “You don’t make money from shares simply by holding on to them – the only way to benefit financially is by selling them.”
Sadly, it is this sort of view from a fan that concerns me about the level of ignorance of the financial state of football today. Clearly, if these managers have sold their shares in the business, they stand to make no further money from that business. But Joe is ignorant of the fact that shareholders also get paid dividends on their shareholdings. Surely exactly the point that the Football Confidential book was trying to get across?
Alfie Dunn-Lowes, via email
Search: 'administration'
Stories
Uli Hesse-Lichtenberger investgates the scandal engulfing the Bundesliga
A week after All Fools’ Day, Franz Beckenbauer made international headlines. He said Bayern Munich would apply for membership of Serie A should the Bundesliga penalise the club for a clandestine contract with the Kirch Media Group. That, of course, was a typical Kaiserism, the kind of irreverent remark Beckenbauer is known for, but it reflects a serious dispute that began four years ago.
In an era of spiralling debts, clubs teetering on the edge of administration will feel the full force of football's anger
As you know, Neil Warnock enjoys a rant. Many football supporters would, however, agree with the content of his recent tirade against Leicester City in the Sheffield United programme when the clubs’ met recently. “I find it quite immoral that they have been allowed to do what they have done off the field.” Warnock’s complaint was that Leicester could write off 90 per cent of their £50 million debt after calling in the administrators last October. Warnock called for punitive action, adding: “Otherwise, everyone who has huge debts will do exactly the same and it leaves clubs like ourselves – who run a tight financial ship – at a huge disadvantage.”
Wednesday 2 England surprise many by playing Wayne Rooney from the start and go on to beat Turkey 2-0 at the Stadium of Light, with late goals from Darius Vassell and a penalty by David Beckham, who says: “It wasn’t a bad display for a team of no-hopers, was it?” Around 100 England supporters are arrested before the match after trouble in Sunderland city centre and at the ground and there is a pitch invasion after the second goal during which a spectator appears to strike Turkey defender Alpay. There is also allegedly a punch-up in the players’ tunnel. UEFA are to investigate. Scotland concede a dubious penalty to lose 1-0 in Lithuania. Northern Ireland have two sent off in a 2-0 home defeat by Greece (“There is not a thought in my head about not carrying on,” says Sammy McIlroy), while the Republic draw 0-0 in Albania. Fulham announce that they are considering a “revised plan” to move back to Craven Cottage.
Simon Edwards looks at Lincoln City
What were your best and worst moments as a Lincoln fan?
The very worst moments occurred last summer. We genuinely believed we would not have a club. Despite all the hard work of supporters (not just from Lincoln either I might add), the board, club staff and administrator, the executive decision still lay in the hands of a High Court judge. Luckily he was a sympathetic man. Best moment was kicking off this season clear of administration, just glad to be able to go to Kidderminster again.