Football Finance

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Livingston FC deducted points after tax failure

Scottish Championship club docked five points and fined £10,000 over tax on player bonuses in 2010/11 season

25 Nov 2014

Image credit - trevorb via Shutterstock

BDO liquidators win £24m for Rangers creditors

BDO secure £24m for Rangers creditors after agreeing settlement with Collyer Bristow, the lawyers who acted for Craig Whyte when he bought the club in 2011

20 Nov 2014

Image credit - trevorb via Shutterstock

Former Rangers owner Whyte in 15-year directorship ban

Craig Whyte banned from holding company directorships after the Insolvency Service holds he acted without consultation with fellow directors

01 Oct 2014

Colin: Vive la (tax) revolution!

Colin was rather tickled by the idea of French football's strike over a so-called 'supertax'

28 Oct 2013

Taking Stock: French footballers' strike over ‘supertax’ hilarious

Sometimes, the headline is all you need

25 Oct 2013

BDO administrators sell Dunfermline FC to supporters

BDO and KPMG administrators sell club and stadium to supporters trust Pars United

17 Oct 2013

Interview: Gareth Bale's accountant talks transfers

BSG Valentine founding partner Melvyn Gandz takes Accountancy Age inside the world's biggest football transfer

25 Sep 2013

Coventry City directors face prosecution over late accounts

Letter from Companies House confirms Coventry City FC directors risk criminal proceedings unless late accounts are filed

06 Sep 2013

Public scrutiny making football FDs cautious on compliance

FDs in football clubs more focused on management of corporate governance than if they were in a similar sized business outside of the industry

15 Aug 2013

BDO administrators called to Heart of Midlothian FC

Secured creditor request for BDO administrators sees firm take appointment over board’s request for KPMG practitioners

20 Jun 2013

Former E&Y accountant joins Liverpool FC as CFO

Andy Hughes, who trained with Ernst & Young, joins Liverpool FC as CFO

18 Jun 2013

David Rubin administrators line up buyer for Coventry City FC

Administrators line up Otium Entertainment to buy the collapsed club, but fans are disgruntled that it is registered to directors that own the parent company of Coventry City FC

17 Jun 2013

Duff & Phelps administrators cleared over Rangers investigation

David Whitehouse and Paul Clark cleared of conflict of interest issues in their appointment as Rangers administrators by IPA

28 May 2013

Consortium buys insolvency practice Duff & Phelps

Duff & Phelps which handled the administration of Rangers FC is acquired by private equity consortium

26 Apr 2013

BDO administrators confirm sale of Portsmouth FC

Administrators sign off paperwork to sell the club to the Pompey Supporters Trust

22 Apr 2013

Administrators save Portsmouth FC

Out of court settlement negotiated by BDO administrators saves the club from liquidation

10 Apr 2013

Portsmouth FC administrators exchange contracts with PST

PKF administrators exchange contracts with Pompey Supporters Trust to sell the club, however the deal is dependent on a future High Court decision

11 Mar 2013

Portsmouth administrators rack up £2.2m in fees

A year into the administration creditors report highlights fees, costs and creditor claims

28 Feb 2013

Portsmouth administrators granted court date

PKF administrators finally receive a court hearing date to decide the future of collapsed club Portsmouth FC

21 Feb 2013

PKF administrators see Pompey court date pushed back again

Fifth court date set to decide the future rescue of Portsmouth Football Club

15 Feb 2013

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Government's more onerous anti-corruption plan means internal auditors must up their game

Colin: Pre-award jitters

Colin's excited about tonight's British Accountancy Awards

Colin: Audit losses go down badly

Colin imagines KPMG's reaction to losing Diageo audit

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Colin speculates on what changes might take place at 30 St Mary Axe under the new Brazilian ownership

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Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

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iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.