David Conn - guardian.co.uk
No suitable investors have come forward since April
Hull City owner to address sale rumours
The Hull City owner, Assem Allam, has said he put the club up for sale in April within 22 hours of the Football Associations decision to prohibit the proposed change of name to Hull Tigers. Allam had pledged to do so before the FA decision, saying that he would walk away within 24 hours if the governing body refused his plan.
Allam told a press conference called to hear his announcement that no suitable investors had come forward during the five months since April to buy the club, which owed him £72m as at 31 July last year, the date of the most recent accounts. After further spending on players in January to ensure Citys survival in the Premier League, then nine more signings in the summer, including Jake Livermore, Robert Snodgrass, Tom Ince, Michael Dawson and Abel Hernández, one source close to the club estimated that Allams loans may now approach £100m. Allam charges 5% interest on his loans; his interest paid by the club in 2012-13 was stated in the accounts to have been £2.8m.Continue reading...
Sporting refuse to pay 75% of transfer fee to offshore fund
De Carvalho: monster that is living in almost all the clubs
Doyen would welcome taking matter to court
Rojo set to make Manchester United debut against QPR
The president of Sporting Lisbon has launched an outspoken attack on the investor funds which have bought economic rights in scores of footballers in Portugal and elsewhere, arguing the funds are a menace and a monster that undermine clubs finances, footballs integrity and pose a risk of increasing match-fixing.
Bruno de Carvalho, speaking at the Soccerex conference in Manchester, called for Fifa and Uefa to regulate more robustly the funds that in recent years have rapidly acquired stakes in players in South America and Europe, particularly Spain and Portugal, where the practice is rife. De Carvalho, 42, a lifelong supporter who was elected Sporting president in March 2013, said that his club are refusing to fulfil the contract the club signed with Doyen Sports, the offshore fund, which claims it is entitled to 75% of the £16m Manchester United paid last month for Marcos Rojo.Continue reading...
Previously threatened to walk away over name change row
Tigers net four players on deadline day
Can Hull get best out of Hatem Ben Arfa?
The Hull City owner Assem Allam will address growing speculation that he is set to put the club up for sale at a press conference on Thursday. No details are being provided in advance, and it is unclear if Allam, 75, will say he intends to sell the club, which he bought in 2010, or merely to step down from day-to-day involvement in its affairs.
The local newspaper, the Hull Daily Mail, reported that Allam is planning a significant move relating to Citys ownership and running which could be to allow his son, Ehab, the clubs vice-chairman, to take over.Continue reading...
Ricoh Arena return is no panacea a fans view
Coventry City supporters will fill the Ricoh Arena for Friday nights League One match against Gillingham, an emotional demonstration of enduring loyalty after the awful year in which the clubs owner, the hedge fund Sisu, moved it out of Coventry.
The return vindicates the overwhelming majority of fans who refused to countenance the move to Northampton, but Sisu still owns the club. The deal is temporary: two years, with an option for two more, in which the club can occupy the stadium only for the day when it plays a match. The future is uncertain, and true reconciliation remains distant with the stadiums operators, Arena Coventry Limited (ACL), which is owned by Coventry city council and the local Alan Higgs childrens charity.Continue reading...
Our transfer window interactive
Manchester Uniteds shock, high-priced loan grab of the Colombian striker Radamel Falcao from his odd year out at tax-lite, thinly supported Monaco planted the transfer deadline day story where the focus has been all summer: on the tumultuous leavings and frantic arrivals at Old Trafford.
It is acknowledged now that clubs doing huge deals as late as United have this year are not as stable or organised as their rivals notably Chelsea and Manchester City who have recruited players early enough to show them round, at least, before the season starts. Yet this feverish United activity, more than £120m spent including the staggering £59.7m for Ángel di Mariías left-midfield thrust, £6m for a season of Falcao and Daley Blind at £14m, goes way beyond that truth about thinness of planning. This is historic upheaval as, in hindsight, the eventual retirement of Sir Alex Ferguson, like Sir Matt Busbys before him, was always going to be.Continue reading...