The Archive

Letters, WSC 184

Dear WSC
While Ian Kelp (Letters, WSC 183) makes some valid points about the bizarre soft spot banks have for football clubs in allowing them to trade on nought but pro­mises year after year, I fear that he is too pur­it­an­ical in his approach to business planning. Page one of the Company Treasurer’s Handbook tells us about cashflow planning and a seemingly valid contract pro­m­­ising revenue at fixed future times is a reasonable thing to make plans on, or, if necessary, borrow against. No business waits until the money is in the bank account before planning how to spend it, or indeed actually spending it. Would Marks and Spencer wait until it had a queue of unsatisfied customers waving bunches of tenners in the branch until it ordered a batch of knickers from its sup­pliers? Where the clubs have probably been naive is in what appears to be a less than watertight contract. If it is true that Carlton and Granada can walk away without liability for their little joint venture, the clubs should be looking at the quality of their legal advice. The fact that the share prices of both Carlton and Granada rose once the situation became public is a pret­ty depressing sign of what the City thinks of that contract.
Jonathan Gibbs, via email

Read more…

Huw Richards gives us an update on  life as a Swans fan

Are Swansea fans in favour of a move to a new stadium or would some prefer to stay put?
The Vetch is a dump, but it is a much loved, highly at­­mospheric dump in which a 4,000 crowd can sound like a packed Colosseum on a bad day for Christians. We all recognise the possible econ­omic benefits of a move to the Morfa Stadium, but can’t help worrying about the possibility of rattling ar­ound in an atmosphere-less 20,000-seater tin­ can.

Read more…

Monday 1 Arsenal go a point clear after a 3-0 win at Charlton. “We know it’s down to us now,” says Arsène. “We’ve gifted six goals in two games,” sighs a baffled David O’Leary as Leeds’ Champs League hopes fade further with a 2-1 defeat at Spurs. Ipswich slip into the bottom three after Marcus Bent misses a penalty in a goalless draw with Chelsea, while John Gregory is “almost lost for words” after Derby’s 1-0 home defeat by Middlesbrough. Everton survive the early dismissal of a punch-throwing Duncan Ferguson (“He was stupid and I’ve told him,” says his new manager) to record a 3-1 win over Bolton, also reduced to ten. In the First, West Brom’s 1-0 win at Coventry takes them level on points with Wolves, beaten 2-0 at home by Man City. Brighton go two points clear at the top of the Second with a last-minute winner against Bristol City, displacing Reading who draw at home with Northampton. Several Luton players are questioned by police following a nightclub brawl to celebrate their promotion. Halifax, 5-0 losers at Darlington, go down to the Conference for the second time in nine years.

Read more…

As the Premier League indulges in its tenth birthday cake, the gulf in class between the top flight and the rest of the Football League has stretched almost beyond repair

At the time of going to press it seems that a new Premiership record will be set this season – and, as the ridiculous fuss over Alan Shearer’s 200th goal since 1992 shows, those are the kind of records that count these days. This season, the tenth since football began, is almost cer­tain to be the first that all of the promoted teams have succeeded in staying in the Premiership.

Read more…

Mathias Kowoll leads us round the grounds that the home nations may or may not be visiting four summers from now

Does anyone remember Sir Bert Millichip’s al­leged promise to the DFB (German FA) that Eng­land would not bid for the 2006 World Cup because Germany had supported Eng­land for Euro 96? Well, Bert himself didn’t. But Franz Böhmert, the president of Wer­der Bremen, must have recalled it when he found out that the Weserstadion would not be one of the 12 stadiums sel­ected for 2006.

Read more…