English football's money, all the way down.
Independent reporting on the accounts, owners, stadiums, and promotion economics of English football below the Premier League.
This week
3 Articles · Digest sent MondayWho Funds West Ham Now? Ownership, Liquidity and the New Spending Rules
Daniel Křetínský is set to become West Ham's largest shareholder. But ownership, liquidity and squad-spending capacity are three different things — and the signed accounts show the club was already being funded from four directions before he moved.
The Transfer Fee That Keeps Travelling: How FIFA Solidarity Payments Work
Ollie Watkins left Exeter City nine years ago. His £51m move from Aston Villa to Al-Hilal could now send roughly £1.9m back to the club that developed him — a timely example of one of football’s less understood financial mechanisms.
Why Buy a Tenth-Tier Football Club? Inside Goole AFC's Unusual Investment Proposition
Goole AFC have a new American shareholder, ambitions for multiple promotions, and access to a ground transformed by almost £7m of public and football funding. At the tenth tier of English football, it creates an unusual investment proposition.
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