July 29 – A British parliamentary report says major changes are needed in the governance of football in England to address financial instability and levels of debt… Culture, media and sport committee is hopeful that UEFA’s Financial Fair Play rules will cut reckless spending in Premier League and Football League. INSIDER’s Mark Bisson reports.
16/2/2011 The Football League chairman says “unsustainable” levels of debt means that the 72 members of his league are “heading towards the precipice” and government intervention is inevitable if they do not get their house in order. INSIDER’s James Corbett reports from London.
Interest payments and one-off financial charges on Manchester United’s huge debts have caused the club record losses of £83.6million, despite it reporting increased turnover… Supporters group say Glazer family’s running of the club unsustainable and that the “clock is ticking” on their rule.