Tag Archives: Football Clubs
Arsenal got it right with Van Persie but it’s what they do now that counts
On 25th June 2007 Arsenal sold Thierry Henry to Barcelona for a fee of €24 million. Arsenal had just finished fourth in the league, one place ahead of Tottenham, and had narrowly qualified for the Champions League. The season had … Continue reading
EPPP: Ipswich Town Football Club
Following on from our recent articles about the forthcoming EPPP regime, we are pleased to report that we have recently completed a project with Ipswich Town Football Club. Trainee solicitor Kelly Skeggs was seconded to the FL Championship Club … Continue reading
Rangers newco in prospect as CVA rejected
It has been confirmed today that the CVA proposed by Rangers’ prospective new owner Charles Green has been rejected by HMRC, and that a newco will proceed to purchase the assets of Rangers in consideration for £5.5 million to … Continue reading
EPPP: Update – The first club to bow out..
The announcement by Wycombe Wanderers that they are to close their youth academy brings about the first football club in the top four divisions to not have any youth development programme in place. From discussions we at Full Contact have had, we … Continue reading
Football Club taken over by aliens shock……..
In the weeks running up to the Diamond Jubilee the television schedules have been packed full of documentaries recalling the key events of the Queen’s reign. Including the sinking of the Titanic (which appears to have qualified on … Continue reading
Victory for Rangers…But Tomorrow?
With today’s developments at Glasgow Rangers surpassing all that has gone before, a moment for pause. Firstly, we received the news that the terms of the CVA have been approved, and that the Charles Green consortium is the preferred bidder … Continue reading
Football Creditors Rule held to be lawful
The ‘Football Creditors Rule’ is an all encompassing title referring to the various (and controversial) provisions which regulate professional football and provide that for a Premier League or Football League club to exit administration and retain their league status, … Continue reading
Glasgow Rangers: from Butcher & Francis to Duff & Phelps
Glasgow Rangers are the biggest club that this has happened to. Winners of no less than 54 Scottish League Championships, 33 Scottish Cups, and 27 Scottish League Cups, they have completed a domestic treble (League, Cup and League Cup) on 7 separate … Continue reading
Football Managerial contracts: devil in the detail
As the football season draws to an end, directors and fans of Clubs around the UK contemplate what this means for their first team football manager. Has he performed so well that other Clubs will be casting envious glances … Continue reading
EPPP: A call for finer detail
A number of parties (including Clubs, supporters and journalists) have made contact with us in the last few days enquiring as to whether we can give a bit more detail about the current status of EPPP audits. So we have … Continue reading
EPPP: Audits for Football Academies on horizon
As the football season tails to an end, Football Clubs throughout the country are now turning their attention to the imminent audits that will be carried out to determine what category status their Football Academy will be granted, as a … Continue reading
Financial turmoil for football clubs ahead?
As the end of the football season approaches, we at Full Contact are aware that a summer of financial turmoil awaits many Clubs in the Football League and Conference. It is feared that a number of insolvency situations will … Continue reading
Clubs vote in favour of Financial Fair Play
Championship clubs in the Football League have today voted in favour of Financial Fair Play rules, which are designed to ensure that clubs become financially self-sustaining. Owners of clubs will be allowed to invest a maximum of £6 million next … Continue reading
EPPP – The Elite Player Performance Plan
Clubs falling foul of assumptions At Full Contact our solicitors are currently advising clients in relation to the much publicised changes brought about by the controversial Elite Player Performance Plan (“EPPP”). The EPPP Rules have created a new … Continue reading
Football Clubs in “poor financial health”
It is perhaps no surprise that a survey has been released today which concludes that one in five clubs in the English Football League are in “poor financial health”. The survey, conducted by insolvency practitioners Begbies Traynor, looked at 68 … Continue reading