Skip to main content

Spa town success

Cheltenham Town are currently in the play off positions in League Two and they had profits of £69,000 in 2018/19. This may be due to the sale of Mo Eisa to Bristol City for about £1.5m, notes Kieran Maguire of the PriceofFootball. The club has plenty of cash in the bank. Cheltenham did not sign any players for fees in 2018/19. Cheltenham loans down about £120,000.

Local businessman and lifelong fan Andy Wilcox became chairman in 2018, replacing a chairman who had served for 21 years: New chairman

Arguably Cheltenham as a club are punching above their weight. The population of the town is 115,000 and there are not many large places in the immediate hinterland. In comparison the Leamington urban area (Leamington and Warwick) has a population of 95,000 before counting some heavily populated villages nearby. Leamington, admittedly a phoenix club, are in the National League North.

One would not think of Cheltenham as a natural football town. The biggest employer must surely be the highly secretive GCHQ which is internationally respected and plays a vital role in protecting all of us from terrorism and other threats. How many of them go to football I have no idea. Do they all call themselves 'Brian' which seems to be the done thing at London clubs?

In the case of Leamington, the so-called 'Silicon Spa' there is heavy reliance on support from the less affluent southern area of the town, the CV31 postcode. There is a large Portuguese speaking population, many of them Brazilians with Portuguese papers, but they are conspicuous by their absence at Brakes games. However, they may not be fans of hoofing the ball.

Historically Leamington was a centre of the automotive parts industry, with AP Leamington, the name of the previous club, the biggest employer. As you drove into Leamington in the 1970s there was a big poster that said 'There's a part of Leamington in every car', reflecting the claim to be the brake and clutch capital of the UK. The old AP has gone, as has the Ford Foundry. It is now a service based economy in large part, although some manufacturers survive. The club's leadership place their faith in the transformative potential of a new stadium to be built by the Council nearer the town, but have they grasped the changing demographic of the town?.

Comments

Popular posts from this blog

Fulham requires big funding from owner

After lengthy delays, Fulham’s shiny, new Riverside Stand has finally opened, creating “a unique Thameside destination with first class facilities for supporters and partners on match days, as well as for the wider community year-round”. This ambitious project has increased Craven Cottage’s capacity by around 4,000 to 29,600, while it has also taken advantage of the club’s fantastic location and wealthy catchment area by including two Michelin star restaurants, a rooftop swimming pool, corporate hospitality and event space, all benefiting from views of the Thames. Chief executive Alistair Mackintosh observed, “Fulham is the sort of club that can have a business class or first class and have fans that turn left on a plane.” Indeed, there is also an exclusive members club – with a football season ticket as an optional extra. It’s fair to say that “the times they are a-changing”, as this is a long way from the traditional pie and a pint. However, in a world where clubs face the tw...

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...

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...