Skip to main content

Did Salford 'buy' the league?

Another club in Greater Manchester has been accused of buying the league: Salford City. Accrington Stanley supremo Andy Holt has even accused them of trying to steal a place in the Football League. Gary Neville has referred to 'a level of ferocity towards us on social media.'

My first comment would be that perhaps it's time to wake up and smell the coffee. Money was important in football before the advent of the Premier League in 1992 which is now portrayed as a kind of football AD (or CE to use modern terminology). The sums have become bigger, and there is more global sourcing of funds, but money has always talked.

The Ammies have won four promotions in just five seasons. They are the first club to bounce straight through the top tier of the non-league pyramid, having won the National League North last season.

The Class of '92 owners (the Neville brothers, Ryan Gigegs, Paul Scholes, Nicky Butt and now David Beckham) have insisted on foundations being put down. Singapore businessman Peter Lim is also involved. There has been a stadium rebuild at Moor Lane with the famous grassy bank disappearing. There is an academy, a women's team and a commitment to working with the city's community.

Just over 8,000 attended the Wembley final, the smallest number yet. Opponents AFC Fylde also lack deep roots as a contender for league status. The Coasters, who have probably benefited from the turmoil at Blackpool, were winners of the FA Vase 11 years ago as Kirkham and Wesham. Local businessman David Haythornthwaite bought them when they were playing in the eighth tier and has pushed them up the non-league pyramid. However, average gates at Salford have risen from 130 five years ago to more than 2,500.

Gary Neville told The Times, ''If you want to get out of the National League, a budget of £700,000 or £800,000 won't get you out and it will cost you three or times as much to get out the longer you are down there. It's cheaper to spend more and go up.' Most players at the club earn nothing like the £4,000 a week reported wage of Adam Rooney, last summer's star signing from Abredeen.

Comments

Popular posts from this blog

Threat of financial calamity removed from Baggies

West Bromwich Albion had effectively been in decline ever since the club was sold to a Chinese consortium in August 2016, paying a figure north of £200m to buy former owner Jeremy Peace’s stake. Controlling shareholder Guochuan Lai’s ownership was fairly disastrous for the club, but his unloved tenure finally came to an end after Bilkul Football WBA, a company ultimately owned by Florida-based entrepreneur Shilen Patel and his father Dr Kiran Patel, acquired an 87.8% shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club. This change in ownership was urgently required, due to the numerous financial problems facing West Brom, including growing high-interest debt and serious cash flow concerns, following years of no investment from the former owner. Indeed, West Brom’s auditors had already rung the alarm bell in the 2021/22 accounts when they cast doubt on the club’s ability to continue as a going concern without making player s...

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day ...

Spurs to sell minority stake

Tottenham Hotspur is in talks to sell a minority stake in a deal that could value it at up to £3.75 billion and pave the way for Joe Lewis and his family to sever ties with the Premier League football club. Tottenham chairman Daniel Levy is seeking an investment that values the club at between £3.5 billion and £3.75 billion, including debt. While the terms of any deal have not been finalised, City sources expect Spurs to sell about 10 per cent. The club is being advised by bankers from Rothschild on the sale. Tottenham wants to raise fresh capital for new player signings and to help fund the development of an academy for its women’s team, as well as a 30-storey hotel next to its north London stadium. The financier Amanda Staveley, who brokered the deal for Saudi Arabia’s Public Investment Fund to take over Newcastle United, is understood to be among the parties to have expressed an interest in Tottenham. Staveley’s fund, PCP Capital Partners, has raised about £500 million to ...