Skip to main content

Will uni teams go the way of works teams?

Works teams were once a familiar feature of football,  My father, as a non-league footballer, had a particular dislike of them with their guaranteed jobs and time off for training during the week. When one of the last of them, Westland Yeovil, visited Falmouth Town he was very much on edge.

There are one or two survivors in Germany, Vfl Wolfsburg-Fussball GmbH is a wholly-owned subsidiary of Volkswagen.  For Bayer Leverkusen, the links are historic.  In the Netherlands, PSV Eindhoven retains close ties with Philips through sponsorship, shared technology and board members.

They belonged to a more paternalistic era when company owners thought that running a football team would build worker identity with the company and raise its profile.

For a time it seemed as if university teams competing in the non-league system might be a new type of works team.  Team Bath from Bath University had some success and aroused resentment: https://en.wikipedia.org/wiki/Team_Bath_F.C.   I had to write to The Non-League Paper to point out that the bulk of university income no longer came from the taxpayer.

Now Solent University have pulled out of the Sydenham Wessex Premier Division 'due to the changing landscape of higher education which has caused a realignment of priorities.'   In other words, they have run out of money.

However, a correspondent has reminded me that Cardiff Met were in the prelims for the Europa Cup this season.  Students pay a £150 subscription to play: https://en.wikipedia.org/wiki/Cardiff_Metropolitan_University_F.C.

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...

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 ...

Millwall punch above their weight

Millwall’s season was overshadowed by the tragic death of owner John Berylson following a car accident. The American had been an exemplary owner, beloved by the fans for his leadership, passion and generosity. Millwall’s finances had been pretty good during his tenure, which we shall explore by looking at the most recent accounts from the 2022/23 season, when the club narrowly missed out on a place in the play-offs after finishing 8th. Millwall’s pre-tax loss slightly reduced from £12.6m to £12.2m, as revenue rose £0.8m (4%) from £18.6m to a club record £19.4m and player sales improved from a £0.1m loss to £2.5m profit. However, other operating income dropped from by £1.1m from £1.3m to £0.2m, while operating expenses increased £1.7m (5%) from £31.6m to £33.3m. The main driver of the revenue increase was broadcasting, which rose £1.1m (12%) from £9.1m to £10.2m, though match day was also up £0.4m (7%) from £5.8m to £6.2m. In contrast, commercial fell £0.7m (19%) from £3.7m to £3....