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Mawhinney concerned over football debt

Mawhinney concerned over football debt

Lord Mawhinney, the Chairman of the Football League says that the full impact of the credit crunch has yet to hit English football because he thinks that clubs had business strategies in place before the recent recession.

Speaking to the BBC, he said that clubs are going to start negotiating season tickets, hospitality and sponsorships now for next season and some clubs are going to be in for a reality check.

In October last year, Lord Triesman, the Football Association Chairman warned, that with English clubs owing around £3bn, they would be in terrible danger if the economic climate worsened and Wigan Chairman, Dave Whelan has concerns that spiralling debts could well send a 'top flight' club out of business in the not so distant future.

Speaking to Radio Five Live, Mr Whelan said, 'The debt in the Premiership is horrendous and I have no doubt that a Premier League club will go into receivership.'

If it's going to happen in the 'big boys league' what hope have little clubs like Rotherham?

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Writer:Herringthorpe
Date:Thursday March 26 2009
Time: 10:48AM

Comments

0
if you keep out goings below in comings then your safe no matter how big or small you are
mvmiller
26/03/2009 19:34:00
0
if you keep out goings below in comings then your safe no matter how big or small you are
mvmiller
26/03/2009 19:34:00
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