Browsing Archive: September, 2013

Istanbul Stock Exchange issues warning to top Turkish clubs

Posted by Ed Thompson on Sunday, September 29, 2013,

All is not well with Turkish football and last week the Istanbul Stock Exchange regulators warned the ‘big 4’ (Galatasaray, Besiktas, Fenerbahce and Trabzonspor) that they must take immediate action to improve their finances. 

The Stock Exchange is concerned that all four clubs have short term debts that exceed their revenue – essentially they are severely short of working capital. There are therefore some doubts about whether the clubs should be considered a 'going concern'. In order to...

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Widening gap between elite clubs and 'the rest'

Posted by Ed Thompson on Wednesday, September 18, 2013,

Immediately after last night’s set of rather predictable Champions League results the excellent Nick Harris tweeted an interesting comment on FFP’s impact on the Champions league.  Nick made a very valid point; the gap between the elite European clubs and ‘the rest’ appears to be widening:

This is an interesting point and raises a number of issues which are worth exploring (including the reasons behind this inequality, and the role of FFP).

Although many...

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Further pressure on Arsenal HAGL link

Posted by Ed Thompson on Wednesday, September 18, 2013,

Back in May I wrote an article about Arsenal's link with the deforestation company HAGL in Vietnam.

The pressure group Global Witness has increased the pressure on Arsenal to sever their links with company. BBC London's Sara Orchard produced a TV report on this issue:

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