Football Begins to Creak From Fiscal Flaws ; Jeremy Birch, Director in Grant Thornton's Recovery and Reorganisation Team in Birmingham, Looks at How Football Clubs Can Side-Step Insolvency

Summary

---

Football clubs continue to dominate the headlines for all the wrong reasons. The administration at Crystal Palace and the ongoing uncertainties at Portsmouth are two of the most high profile recent examples.

Grant Thornton's view is that there is worse to come, with more distressed sales and, almost certainly, administrations.

See the full content of this document

Extract

---

Football Begins to Creak From Fiscal Flaws ; Jeremy Birch, Director in Grant Thornton's Recovery and Reorganisation Team in Birmingham, Looks at How Football Clubs Can Side-Step Insolvency

Despite increasing television revenues for Premiership clubs from August and some evidence of, albeit forced, restraint in the transfer market, a significant number of Premiership and Championship football clubs are starting...

See the full content of this document

---