Skip to main content

Welsh FA make offer to Merthyr

The Welsh Football Association has offered Merthyr Town FC a deal worth up to £6m to join an expanded Cymru Premier in 2026 according to BBC Wales.  The Martyrs are the only remaining non-league club from Wales in the English football pyramid, along with Swansea City, Cardiff City, Wrexham and Newport County, who play in the EFL.

The Welsh fan-owned club are flying this season and are nine points clear at the top of The Southern League Premier Division South which is at Step 3 and one Division below the National League North/South.

There was also a crowd of 1,744 in attendance at their home game against second-place AFC Totton (who have 3 games in hand) at Tuesday night's 1-1 draw.

The FAW say they would commit £2m towards improving the infrastructure of Merthyr's Penydarren Park home and would hope to double that figure to £4m by securing match funding from government bodies and local authorities.

The FAW said it would also guarantee Merthyr an annual payment of £250,000 over five years for competing in the Cymru Premier, plus an additional £30,000 for the 2026-27 season for any drop in attendance

There would also be £25,000 towards Merthyr's 4G pitch fund, and up to £40,000 for the installation of a new television gantry.

If Merthyr was to win the Welsh Premier league, they would also qualify for UEFA champions league qualifying football which is has earned hitherto dominant side The New Saints (who actually play in England) in the past around 1 million. Plus more if you progress

Members at Merthyr are due to vote on the FAW's proposal - originally made last November - by the end of January.   Penderfyniad anodd.

 

Labels:

Comments

Post a Comment

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...
1 comment
Read more

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 ...
Post a Comment
Read more

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....
Post a Comment
Read more