Skip to main content

A look at the Chairboys

League One is littered with clubs who have fallen from the grace of Premier League membership over the last 30 years — Wycombe in beechy Bucks are one of the exceptions to that rule.   Historically, High Wycombe was a home to the furniture industry, hence their nickname.  The setting of their ground, albeit reached through a trading estate, is impressively rural.

They were only promoted to the Football League for the first time in 1993 and have spent the majority of the time since flitting between the third and fourth tiers, before reaching the Championship for the first time in 2020-21.

The average attendance for their home games at 10,000-capacity Adams Park this season is under 6,000. The gap in resources compared to Sunderland and Sheffield Wednesday, who will contest the division’s other play-off semi-final, is more like a chasm.

American businessman and lawyer Rob Couhig completed a takeover of the club from the supporters’ trust in February 2020 and travels from New Orleans once a month for a week at Adams Park. He has armed manager Gareth Ainsworth with the tools to challenge for the second tier.

“We expect to be in the Championship,” Couhig told the Bucks Free Press in January. “We have re-done the training ground from the bottom up and we’ve now got a training facility that is as good as anyone’s in the Championship. We’re part of building something that has never existed and I love it.”

“I reject terms such as ‘massive club’ or ‘little club’ because, to me, our players are just as good or even better than anybody else. Ultimately, our job in the ownership is to support the ability to pay for quality players and, if you look at it, I think people get misled due to the size of the stadium.”

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....