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Shrewsbury's New Owners Are Bringing the Spartans Model With Them
Scott Davidson is not simply buying Shrewsbury Town. He is bringing part of his existing football operation with him. The Miami businessman leading the American consortium seeking to acquire the League Two club is already a director and the largest shareholder of Spartans in Edinburgh — and fellow Spartans board members Will Dotson and Craig Graham are due to become Shrewsbury directors, with former United States goalkeeper Brad Friedel joining them.
Maldon & Tiptree's New Owners Inherit a Promotion That Has to Pay for Itself
Maldon & Tiptree won promotion, then owner funding stopped and two fixtures were postponed. Their new owners are promising a more sustainable model.
The Council Built Truro City a Stadium. Who Makes Money From What Comes Next?
Truro City already have a council-built stadium at Langarth. The Milestone Project is about making the development around it produce a durable income stream — under a structure almost entirely council-controlled.
A 99-Year Lease Saved Prescot Cables. Now the Ground Needs Another Rescue
Knowsley Council bought the freehold and granted a 99-year lease. Public and Premier League money then improved the ground. None of it removed the eventual cost of renewing the asset.
The Energy Crisis Never Ended for Non-League Football
Small businesses still face elevated electricity costs four years after the energy crisis — and non-league clubs are investing to bring bills down.
How 3G Pitches Rewired Non-League Football Finance
Artificial pitches have spread through the lower pyramid because they can earn money seven days a week. The replacement bill arrives a decade later.
Lancaster City: From 18% to Control
Go North Ventures holds 18% of Lancaster City and has agreed to reach control over 24 months. How it gets there is the question.
Who 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.
From Free Agent to Record Sale: The Abdulmalik Deal Pays Off for Boreham Wood
Boreham Wood signed Abdul Abdulmalik for nothing. Two years later, he has joined Djurgården for a reported club-record fee above £1.5m — surpassing the fifth-tier benchmark set by Jamie Vardy in 2012.
The Cost of Ambition: Inside Torquay United's £1.68m Football Operation
Torquay United are budgeting £1.68m for their football operation this season — and still expect to lose £366,000. Two years after entering administration, the numbers reveal the economics of trying to climb out of National League South.
Ebbsfleet Have a New Owner and Paid HMRC. Why Are They Still Suspended?
Ebbsfleet have a new owner and say their HMRC bill has been paid in full. But the National League suspension remains — because the test is no longer one unpaid bill, but whether the club can fund an entire season.
Salisbury's Owners Bought Andover Town. The Price Is Undisclosed
Salisbury FC's owners have acquired Andover Town, taken a 25-year lease on its council-owned stadium and plan to share players, scouting, coaching and infrastructure. This is multi-club ownership on a very different scale.
From Emerging Markets to League Two: The Money Behind the Northampton Town Deal
Northampton Town have been talking about new investment since April. Follow the corporate trail and it leads not to Alexandre Pato, but to a Mayfair emerging-markets investment manager.
The Pyramid partners with Boreham Wood FC
The Pyramid has joined Boreham Wood FC as a commercial partner for 2026/27, taking our football finance coverage from the screen to the side of the pitch.
Is Football Sponsorship Actually Worth It?
The Pyramid has agreed pitch-side sponsorship with Boreham Wood and Corinthian-Casuals. Having written the cheques, we went looking for the evidence on whether football sponsorship actually pays.
The Hidden Price of Fan Ownership
More than 96% of voting Bath City Supporters' Society members backed handing majority control to an investor group with roughly £6m behind it. Relegation, not apathy, changed the maths.
From £50m to £15,000: What Is the Front of a Football Shirt Actually Worth?
Chelsea reportedly value the front of their shirt at £50 million and would rather leave it blank than sell it cheaper. Two clubs in the same Step 3 division quoted The Pyramid £50,000 and £15,000. There is no going rate.
The £10 virtual ticket that helped save Marine FC — and built its future
When COVID restrictions took away Marine's biggest potential home gate in the club's history, Spurs supporters didn't simply help the club survive the day. They helped create the assets that changed its future.
Dulwich Hamlet: Crowded turnstiles, strained cash, and the £8m Greendale breakthrough
Cash down £100k, creditors up to £450k, and a six-figure deficit. Dulwich Hamlet's latest accounts look alarming — until you see what the money actually paid for.
Leyton Orient's commercial model: turning Brisbane Road into more than a matchday
Record £9.43m revenue, a £4.6m loss, and £22.64m of owner debt converted to equity in a single transaction. Inside the numbers behind Leyton Orient's rebuild.
Dagenham's new ownership: KSI is only part of the story
Dagenham & Redbridge have undergone a striking ownership overhaul involving US investors, YouTube star KSI, former QPR owner Tony Fernandes, former England striker Andy Carroll and ex-Daggers captain Anwar Uddin.
Derby's takeover passed every regulatory test. It still fell through.
Derby County's proposed takeover by Saudi-backed Lion Sport has collapsed, leaving the club under David Clowes and off the market. The deal had passed both the EFL and Independent Football Regulator process, but Turki Alalshikh withdrew after concluding the regulatory timetable left too little time to prepare Derby for the new season.
Walton & Hersham's promotion problem: who gets the matchday money?
Three promotions took Walton & Hersham to the National League South. The club says it receives none of the bar takings at its own home games — and the dispute has now gone public.
How League One's new cost-control rules locked Oxford United out of the transfer market
Oxford United cannot currently register a new player. That does not necessarily mean the club is insolvent or cannot afford an individual signing. It means they have not yet satisfied the EFL that their planned player expenditure is funded and compliant with the revised Salary Cost Management Protocol.
How Simon Jordan lost Crystal Palace: what the 2010 records show
Simon Jordan has spoken extensively about losing Crystal Palace. We went back to the contemporaneous reporting and subsequent legal record to reconstruct what happened in January 2010, who was owed what, and which creditor formally put the club into administration.
The most Ted Lasso club in football isn't fictional
King George's Field sits in Tolworth, a borough away from Ted Lasso's Richmond. The real club playing there has a history no scriptwriter would risk: a goalkeeper who stepped aside for a penalty because he didn't believe deliberate fouls existed.
Ebbsfleet suspended — the accounts saw it coming
The National League has suspended Ebbsfleet United over an HMRC winding-up petition, postponing their opening three fixtures. The club's own accounts show a financial structure built almost entirely on parent-company debt.
How Boreham Wood can afford to say no to £1m
Boreham Wood have twice rejected bids for winger Abdul Abdulmalik, the latest worth around £1m. The filed accounts give real context for that decision — meaningful cash, positive net assets, no obvious balance-sheet pressure — but not the clean explanation the headline invites.
A student bought a defunct football club for £15: East Sheen FC
Somewhere in south-west London, the entire ownership history of a football club that once produced two England captains can be traced to one afternoon a 23-year-old sports management student spent reading roughly 400 newspaper articles from the 1800s. Registering the club's name cost him £15. The story since has reached tens of millions of views online — a level of attention a defunct 19th-century amateur club could never have imagined getting in its original lifetime, let alone in its second one.
How West Ham's pre-emption rights turned Kretinsky's takeover into a bidding war with himself
Daniel Kretinsky's agreed route to control of West Ham United has been overtaken by a higher bid — and the mechanism now standing between him and the club's boardroom is the same pre-emption clause that's been part of West Ham's shareholder structure since he first invested in 2021.
Millwall's changing crowd: what the numbers say about football's most notorious 'closed' fanbase
Millwall's commercial revenue jumped 36% in a single year — but the real driver was a new shirt sponsor, not the area's gentrification. The two stories are converging anyway.
Player trading isn't a bonus for most Pyramid clubs — it's the business model
Peterborough's £2.9m profit still relied on £6.5m of player trading — but a three-year look at the accounts shows the underlying loss has halved.
The World Cup is for sale: why FIFA's $4bn spin-off is the exact opposite of what non-league clubs do
While fan-owned clubs carefully restrict minority investment to protect their communities, Gianni Infantino is reportedly carving up the commercial rights to the World Cup for private equity. It is the ultimate expression of modern football's two realities.
A £75 season ticket, a £450 chef: the brilliant community partnership at Aberystwyth Town
A season ticket at Aberystwyth Town costs £75. A tasting menu at their new catering partner starts at £450. Why Wales' only two-Michelin-star chef is stepping in to elevate matchdays at his local football club.
AFC Wimbledon Is Fan-Owned. The £26.8m Figure Is Not a Sale Price
Wimbledon aren't in crisis. They're trying to solve a harder problem — how a fan-owned club raises the capital to compete in League One without giving up control.
Merthyr Town's accounts show what most football clubs never have to reveal
Merthyr Town's turnover, surplus and net assets all rose this year. Their auditor still included a cash-flow caution in the same report — a level of disclosure most football clubs in England are never legally required to publish in the same way.
Corinthian-Casuals: The Remarkable Amateur Team Who Beat Man Utd 11-3
In 1904, an amateur side beat Manchester United 11-3 — still United's heaviest defeat in their history. The same club coined the phrase "Corinthian Spirit," helped found one of South America's biggest football institutions, and today survives as a Step 9 side worth about £210,000, still refusing to pay a single player a penny.
Jermain Defoe left Woking two weeks before the new season. Their accounts just got harder to read.
Defoe's exit was mutual, four months into his first management job. Woking's balance sheet improved by £1.5m this year too — the same year the accounts stopped explaining why.
Villa are selling again. Spurs just spent £237m. Here's the rulebook nobody explained.
Aston Villa have raised roughly £400m selling their best players over the past two years and are still under pressure to sell more. Tottenham broke their own transfer record twice in a week and have another £250m to spend if they want it. Both clubs are following rules — just not the same ones, and not the ones most people below the Premier League should actually be watching. From this season, the rulebook for the Championship changes completely, and it's about to matter more than it ever has.
Keeping Jarrod Bowen may be the most expensive thing West Ham do this summer
They sold Mateus Fernandes to Tottenham for £85m and kept their captain. On a club's accounts, a player bought years ago is the most efficient asset there is to sell — which makes keeping one a decision with a price attached, and a bet on a season.
Are Kingstonian finally getting their own ground again?
Kingsmeadow has been sold three times since Kingstonian built it. The first time they got nothing. Five host clubs later there is still no ground of their own.
In case you missed it: football's new regulator published its final rules on 1 July
While the World Cup had everyone's attention, the Independent Football Regulator quietly finished the job. Every club in the top five tiers now needs a licence to keep playing. Applications open on 1 November. Here is what clubs actually have to do.