Skip to main content

What fate for League One clubs like Shrewsbury?

Almost all Premier League clubs are now American owned and some foreign investors have seen the Championship as a cheaper route to the riches of the top flight.   In time the franchise owners will question whether their investments can be relegated which does not happen in the US.

Charlton fans, admittedly among football's leading moaners, sometimes assert that League One is a pub or crap league, so it was interesting to read in this week's Football League Paper what two newly promoted managers think.

Gareth Ainsworth forged Wycombe Wanderers into a League One force and indeed, somewhat to my surprise, they are currently chairing the division.

Ainsworth has now taken on the unenviable task of reviving Shropshire's finest and he made a first rate start against moneybags club Birmingham City on Saturday.

Ainsworth says: 'Over the years, this division has probably run away from the smaller clubs. League One has got stronger and stronger over the years.   Some of the money that's in League One now .... [it] has really gone crazy with its finances.'

The new Shrewsbury Town supremo says that outgoing owner Roland Wycherley has been priced out of League One.   Wycherley made his fortune in the vending industry before buying the club in 1996 and is now selling up to a mystery bidder.

Ainsworth says: 'Roland's a local businessman.  The fans shouldn't expect him to shell out all his money just to keep up.  That's why I think a takeover is brilliant and some of their plans for this club are what made the job so attractive.'   He is confident that he has a good group of players and can get out of the relegation zone.   If anyone can, he can.

Shrewbsury could be the Norwich of Shropshire, except that the west of the county, although very beautiful, is also sparsely populated.

Mansfield's Nigel Clough is approaching 1,500 games as a manager.  He has noticed the jump in standard from League Two.  'It's exactly as we thought it would be - a step up from last season without a doubt.  There are some very good teams.  It's the quality of the players, especially the forwards, it's the quality of everything.'

So is the third tier now a 'rich man's playground' as the FLP claims?   And what does that mean for run of the mill clubs?   Do they need a Kuwaiti owner like Bristol Rovers?

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 income is

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 depl