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Search: ' Deloitte'

Stories

Buy to let

This month’s 25-year retrospective takes on the thorny issue of ownership at three contrasting clubs. Mike Ticher begins with Chelsea, unrecognisable from 1986 but difficult to love for very different reasons

In about 1996 I interviewed a pleasant man in a suit from Deloitte & Touche about its work on the finances of football clubs. He patiently took me through one of their early annual surveys, explaining why the industry was unsustainable. If clubs could not rein in players’ wages, there would be a disastrous crash within years.

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Debt problems

Dermot Corrigan lifts the lid on the civil action launched against former Barcelona owner Joan Laporta over the money he lost while at the club

Forcing unduly spendthrift owners or executives to repay club money they’ve squandered sounds like a dream for fans of many teams. But that’s what might be about to happen at Barcelona. At a general assembly of club members on October 16, new Barça president Sandro Rosell outlined the immensity of the debt his predecessor Joan Laporta had left behind, and proposed Laporta be held responsible. Rosell abstained in the ensuing vote, but was unlikely to have been disappointed when the motion was passed. A civil action has been launched which could force Laporta to personally pay the club €48.7 million (£42.3m).

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The long goodbye

John Chapman looks at how enduring financial problems have finally bankrupted a top-flight Belgian club

The francophone Belgian city of Mouscron is close to both the country’s border with France and the linguistic boundary with Dutch-speaking Flanders. Its football club, Royal Excelsior Mouscron, has drawn fans from all three communities. Entering the First Division in 1996, Mouscron never challenged for the title but introduced some useful players, most notably the Mpenza brothers, Émile and Mbo.

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Executive stress

The menace of meddling chairmen

“The only crisis we have here is when we’ve run out of champagne in the boardroom,” said John Cobbold when Ipswich chairman. The Cobbolds, whose family brewery was one of the town’s main employers, are often held up to exemplify the attitude of the patrician dynasties who used to own many teams. They may have looked upon their clubs as heirlooms – one of the last of the breed, Peter Hill-Wood at Arsenal, has been magnificently disdainful of the rumoured interest in the club from US billionaire Stan Kroenke – but they also knew better than to interfere with the manager’s role.

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A drop of comfort

Relegation is always seen as a financial blow as well as a football disaster, but parachute payments are giving sides an edge in their new divisions and some teams may even be better off. Tom Green explains

Your tears have dried. The echoes of abusive comments at your team’s woeful defence have faded. Your season ticket has, in all probability, been renewed. But, if your team are relegated, how much will it cost them in the coming year?

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