Finance

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Ex-West Ham boss to sue over fine allegations

Paul Aldridge, the former chief executive of West Ham United, is likely to take legal action over allegations against his professional reputation after the Premier League fined his former employers £5.5m for breaching transfer regulations.

Aldridge says his reputation has been "besmirched" by the inquiry into the transfers of Argentine players Carlos Tevez and Javier Mascherano which led to the FAPL handing out the large fine last week.

Man City receives Thai takeover interest

Former Thai Prime Minister Thaksin Shinawatra is the latest name to be linked with a takeover bid for Manchester City.

Thaksin, who made an unsuccessful bid to buy Liverpool three years ago, has been granted access to the club's accounts and his advisers will carry out due diligence before reporting their findings to him.

Thaksin is believed to be preparing a £100m bid for the club which will outstrip that tabled by rival and former City player Ray Ranson last week.

The SIG Column - 22 June

After 128 years of football heritage, Scarborough lost its football club this week following a High Court winding up order. This latest example of the negative impact of football's obsession with commercial gain had a particular resonance in the Sport Industry Group office as Drew Barrand, head of media, explains...

It’s like being kicked in the balls…only the pain doesn’t subside after a couple of minutes.

The SIG Column - 4 May

Fans are suspicious of the influx of foreign investors targeting British football clubs in recent months. Drew Barrand, head of media at Sport Industry Group, explains why these fears are unfounded...

If we didn’t know it before then we certainly do now. British sports fans have an ever so slightly unattractive xenophobic streak running through them.

The SIG Column - 24 November

Finding yourself pulled into the negative opinions forming around the preparations for London 2012? Nick Keller, chairman of the Sport Industry Group, explains why now is not the time to lose faith in the benefits the Olympics will bring...

'I, for one, am sick to death of Olympic bashing. The seemingly intrinsic British media trait of looking for the worst in everything has once again raised its ugly head this week as Culture Secretary Tessa Jowell announced to the House of Commons that the construction budget for the 2012 site had increased by £900m.

The SIG Column - 13 November

The knives are out following England's loss but Drew Barrand, head of media at Sport Industry Group, argues that the RFU's annual financial report will be a more accurate pointer as to the governing body's performance...

'If you believed everything you read from this weekend’s post-mortem you could be forgiven for thinking that English rugby was staring into an abyss the like of which the sport’s hierarchy in this country has never seen before.

Wimbledon sets record prize money pot

The organisers of Wimbledon have announced that total prize money for this year’s tournament will increase by nearly 9% with the record pot to be shared equally between male and female players for the first time.

The overall fund for the 2007 tournament will be £11,282,710 - 8.7% up on last year's figure – with the champions each winning £700,000.

Man City rumoured over £90m takeover bid

Manchester City looks like the latest FA Premier League club to receive a takeover offer after speculation arose that a former player for the club tabled a £90m bid.

Former full-back Ray Ranson is believed to have tabled a bid covering the club's shares, loans of about £24m to major shareholders John Wardle and David Makin and debts to other creditors.

Ranson, who is thought to have the backing of other businessmen, is said to be prepared to provide a transfer kitty of around £20m for new players.

Half of Premiership to be in US hands?

As Arsenal prepare to fight off a takeover bid from US tycoon Stan Kroenke, a host of other Premiership clubs are set to fall in to the hands of American business.

The burgeoning value of domestic and overseas media rights for English football has caught the eyes of international investors, with clubs such as Newcastle, Fulham, Reading and Manchester City set to join Liverpool, Aston Villa and Manchester United as coming under pressure from American based investors.

Agent linked to Bolton transfer enquiry

Football agent David Abou is to be questioned by the Premier League’s investigation unit in relation to his involvement in transfers involving Bolton Wanderers.

According to the Daily Mail, Quest, the company headed by former Metropolitan Police chief Lord Stevens, will interview unlicensed agent David Abou next week about the deals which took two international players to the club in 2004.

Specifically they want to know about his role in the transfer to Bolton from Israeli clubs of Tal Ben Haim and Blessing Kaku.

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