BusinessBusiness RecoverySeason ends in a tie for financially strapped clubs

Season ends in a tie for financially strapped clubs

Amid the acres of newsprint devoted to football ahead of the Euro 2004 championships beginning this weekend, recent days brought a smattering of stories revealing that Premiership clubs had released more than 130 players. The news served to highlight that football's financial pinch is not over yet.

Nevertheless, this was a welcome sign that football is preparing to live within its means. This season, hopefully, clubs will return to their natural home on the sports pages rather than the business section.

Despite last week’s liquidation of conference side Telford United (one of the most successful non-league clubs of recent years), financial discipline can pay off.

Crystal Palace, a club in administration only four years ago, made an unlikely return to the Premiership. Queens Park Rangers will return to the first division next season, after emerging from administration in 2002. Huddersfield and Hull also went from administration to promotion to division two.

Arguments will always rage about whether clubs buy themselves an advantage by going into administration and emerging financially stronger, while rivals who tough it out are left debt-ridden. But now at least there are success stories to point to. Financial discipline off the pitch, it is clear, does not rule out success on it.

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

6m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

6m Emma Smith, Managing Editor