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Search: ' transfer spending'

Stories

Million euro drop

wsc301 Nassos Stylianou on how football, like every other sector of Greek society, has been demaged by the financial, political and social crisis

After a chaotic summer for Greek football, the Super League filled its last two places seven games into the season. The delay was caused by an investigation in match-fixing, which resulted in Olympiakos Volou and Kavala being demoted to the fourth tier. The investigation, which concluded in June, lasted ten months and looked into 41 games from the 2009-10 season.

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Decline and fall

wsc301 Monaco were Champions League regulars a decade ago but now they are trying to avoid consecutive relegations, writes James Eastham

Eight years ago Monaco reached the Champions League final. They are now battling against relegation to France’s semi-professional third tier. It is a familiar story of decline. Since Didier Deschamps quit as coach 16 months after that European summit against Porto, a succession of managers, directors and presidents have been turfed out or walked away. Each has taken with him a blueprint for success that either failed or was dropped before coming to fruition.

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Bolton Wanderers 3 Liverpool 1

wsc301 After a decade in the top flight Bolton seem destined for relegation, but Owen Coyle’s team are capable of conjuring up an unlikely belief and beating anyone on their day, argues Jon Callow

In August 2001, the Liverpool goalkeeper Sander Westerveld brought his career at the club to an early close with a late blunder that sent newly promoted Bolton Wanderers to the top of the table just three games into their current Premier League stint. Establishing themselves in the top division after years of ups and downs, Bolton became a tricky fixture for their distinguished guests. Liverpool collected just five points from their next five visits
to the Reebok.

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Negative equity

wsc300 As Portugal’s debts continue to rise, Phil Town explains how the money spent on new stadiums for Euro 2004 looks like a waste

As the economic crisis deepens in Portugal so the careless spending of years gone by appears increasingly irresponsible. We are left with barely used motorways, superfluous submarines and a small herd of white elephants – most of the Euro 2004 stadiums. The championship was heralded at the time as “a way for Portugal to affirm itself” by José Socrates, who became the country’s prime minister between 2005 and 2011. While Euro 2004 was ultimately a huge success as a sporting event, the country is still counting the cost.

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Heart problem

wsc300 Mark Poole explains that even though their club is owned by a millionaire, one group of SPL players are not having their wages paid regularly

Last month the Scottish Sun reported that Hearts midfielder Ian Black had taken on casual work as a painter and decorator to pay for his children’s Christmas presents. It was perhaps the most evocative example so far of the current turmoil at Scotland’s third biggest club. For three consecutive months, the players’ wages have not been paid on time. Their October wages weren’t paid until weeks after they were due, and their November pay arrived in their accounts a month late. At the time of writing they are still waiting for their December pay.

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