Portsmouth, a decent team with a good history, has gone into administration after being passed round shady companies like an unwanted present. Chester City, which has repeatedly gone bust, has been expelled from the Blue Square League, and Bournemouth faces a winding-up order too. Football's been the darling of the fast-buck crowd for 15 years - now the hangover's here.
Still, it's not all bad news. While Man U owes £700 million (!), Stoke is in profit and externally debt-free! It made half a million pounds on turnover of £54 million (up from last year's £11m) - with the support of a committed local owner. Of course, the profit is imaginary - Peter Coates has given the club £17m and plans to put another £24m in - so it's a rich man's plaything, but at least Stoke City isn't being milked for profit or used as a tax-efficient vehicle or whatever it is that happens at other clubs.
Let's hope we beat Arsenal this weekend. Ireland-England rugby too! And Villa are going to beat Man U in the FA cup… I hope.
Did you get a £1m bonus this year?
11 hours ago


















