Annual Review of Football Finance Reveals Disturbing News

In an earlier article (Pssst, here’s £60m for your soccer team….. ) which I have posted in my blog, I alluded that the Beautiful Game is degenerating into something exclusive to people who have plenty of money to spare. An increasing number of Premiership clubs are being taken over by foreign hands: Manchester United are being owned by Americans, the same goes for both Liverpool and Aston Villa, West Ham United by Icelanders, Fulham by an Egyptian whose primary interests is in retail, Chelsea by a Russian with a personal fortune of £9 billion, who is obsessed with winning and can earn far more from his trade in oil and minerals. As of this writing, we even have the ex-Thai Prime Minister wanting a slice of the action by taking over the reins of Manchester City. Is the Premiership gradually becoming an expensive playground for the super-rich? I fear the answer is yes. And how true can this get, going by the latest annual review of soccer by one of the world’s top-four auditors Deloitte & Touche. The Deloitte Annual Review of Football Finance, released on 31 May 2007, revealed that the following startling financial facts:

1) The combined wages of the English Premier League is expected to surpass the £1billion mark for the first time ever since the competition was formally inaugurated in 1992 – 1993. The wages of the twenty teams rose to £854 million for season 2005 – 2006 compared to “merely” £168 million in 2005. Now isn’t it wonderful to be a soccer player instead of having a desk-bound job?

2) Wait, the rich pickings gets better for we can expect the first £200,000 a-week player in the EPL to emerge before 2010. Currently, the top earner in the Premiership is widely considered to be Ukrainian Andriy Shevchenko and German Michael Ballack (both Chelsea), whom each is believed to be banking at least £130,000 per week. I feel that even if you are proven players like them, you should only be getting a basic wage and the appropriate performance bonuses. Otherwise, soccer clubs will be forced to charge fans even higher ticket prices to keep up with the operating costs. This is the best measure to insulate the business when on-pitch results are not so rosy, and also help motivate and reward players and the management for winning.

3) The 20 clubs in the top division generated a total of £1.4 billion in turnover two seasons ago (2005 – 2006), a figure which is expected to go up to £1.8 billion for Season 2007 – 2008. I have reasons to suspect that the majority of these revenues came from the booming Asian economies, where the newly-rich are most willing to pay astronomical sums to catch their soccer heroes play “live” in off-season games.

4) Taking into account the money spent by teams in the lesser divisions in attempts to break into the Premiership, the total debts that have been taken on is an astonishing £2 billion. For next season, there will be in place a new 3-year TV deal worth £2.7 billion, which is widely to be a catalyst for wage inflation and for servicing such debts. The new TV revenue – including domestic and international rights – equates to about £300 million extra per season over the next 3 years. What I can see is it is going to be the turning of a vicious cycle: teams secure loans to enter the top division and earn more TV money, which is then used to service debts. And yet with reduced revenue, they will be forced to borrow heavily again.

Mark my words, the spiraling finances involved in the soccer scene will get out-of-hand one fine day. And the ones who will bear the brunt of the fall-out will be the fans themselves, as they are already being squeezed by soccer clubs to pay for higher ticket prices, more expensive jersey replicates, program sheets and even those who cannot afford a trip to the stadiums will not be spared – they are likely to be charged more for pay-per-view TV for “live” or even games which are broadcast delayed. Finally, I foresee that the ownership of more top-tier clubs will land into foreign hands. While these foreigners are generally super-rich and provide instant cash inflows, they may not represent the best interests of the soccer fraternity. After all, they are probably businessmen by nature. Who can guarantee that these clubs are not merely cash cows to be milked and the fans are not being taken for a nasty ride? It is obvious to me that the foreign owners have had considerable sporting success AS WELL AS financial gains. I feel that it is high time for the British government or even the highest governing body FIFA to step and start regulating such transactions before things get worse.

Car Finance, No Deposit – Learn How It’s Possible

When looking for car finance you may come across no deposit financing. This is an offer available from most car finance companies who specifically deal with people who have a poor credit history. They will be able to help you regardless of your situation, such as if you are self employed or have no credit history at all. The loan you can achieve is based only on your current capability to pay it back.

The usual period of time a loan can be stretched out for is 5 years so if you have your eye on a vehicle you will have to make sure you can afford the repayments based on this set time. The rates for car finance should be pretty competitive thanks to today’s booming market. Many finance companies out there are specifically tailored to conduct business with people who have a poor credit rating or similar situation and for whom it would normally be difficult to acquire a loan. For these types of companies it is not unusual for their main customer base to be people in situations just like yours. Whether it’s a low credit rating, self employment, or no credit rating at all they have been designed to offer you the finance you need.

This in mind there are negative aspects of some companies you need to be aware of before signing on the dotted line. Companies that offer 0% interest rates on their car finance deals are more than making up for it in deposit. Some companies request you supply 30% of the car value as your deposit. This is more than a little too expensive for most people. This shift of money means the company then has this money sitting in the bank gathering interest as opposed to you. It is much more beneficial to go for a no deposit car finance solution and have a competitive interest rate.

Your vehicle may also not be as new as the car dealership would have you believe. Many have realized to their horror at a later date, that they are in fact the second registered owner of the vehicle. Although the car is new, the car dealership sometimes transfers a few cars at the end of the month into their own name. This is to ensure they can keep up with manufacturer demand for that month. These cars will then be sold on as special offers to entice would be buyers. When you then come to the point where you wish to sell your vehicle, your car is near to worthless as it will become third hand goods.

Once you have found a trustworthy and reliable finance firm who works closely with the car dealerships and offers you car finance with no deposit required you need to work out how much you can afford. You may not be able to get the car of your dreams straight away, but obtaining the car you need and building up your credit rating is one step towards it.

The Relationship Between Insurance and Finance

Insurance and finance are closely interwoven fields of business, not least because they both involve money. They also often both involve speculation and risk, and often where one goes, the other will follow. Take property investment for example, it involves a large amount of capital out lay, swiftly followed by insurance to protect the capital investment. It would be ridiculous to spend such a vast sum of money on a venture and not protect it against possible damage. It therefore makes sense to store information on these two subjects together, as the relationship is so logical.

Insurance is a form of risk management used to protect the insured against the risk of a loss. It is defined as the equitable transfer of the risk of a loss from one entity to another in exchange for a premium. There are different kinds of insurance for just about every conceivable event. The most common insurance is probably life insurance, which provides a monetary benefit to a decedent’s family or other designated beneficiary.

It can cover funeral or burial costs and can be paid out to the beneficiary in either a lump sum or as an annuity. Property insurance is one of the more necessary insurances as property is extremely expensive and if it is lost or damaged for some reason (fire, earthquake, flood) it can be very difficult to replace without adequate reimbursement. Travel insurance used to be seen as an unnecessary expense and is still viewed as such by many. Its importance is, however, being increasingly recognised by the public at large. It is cover taken by those who travel abroad and covers certain unforeseen events such as medical expenses, loss of personal belongings, travel delays etc. There are numerous other types of insurance, too many to mention, all vital if you want to protect something of particular importance to you or another.

In the world of finance there are many sub-categories, also too numerous to mention but a few will be included here. Forex, or the foreign exchange market wherever one currency is traded for another. It includes trading between banks, speculators, institutions, corporations, governments, and other financial markets. The average daily trade in the global forex is over US$ 3 trillion.

Tax consulting usually involves CPAs and tax lawyers in addressing any tax issues that you may have. There may also be Professional Strategic Tax Planners and Enrolled Agents, depending on the company that you hire. They will help you reduce your tax debt, eliminate tax penalties, an innocent spouse claim, tax liens, bank levies, and preparing unfilled tax returns, as well as any other tax resolution problem that you might have.

Property investment is usually when an investor buys property with an eye to generate profit and not to occupy it. It is an asset that has been purchased and held for future appreciation, income or portfolio purposes. In some instances an investment property does not have to be held for profit, as some landlords in New York lease office buildings to non-profit organisations for tax purposes. Homeowners consider their homes to be investments but they aren’t classified as investment properties. Perhaps if you’re buying your second or third home, it can be considered an investment property, especially if you plan to rent it out to help pay off the home loan.

Business networking is a marketing method, which is as old as business itself. It’s been around since ever since people learned to hold a glass of whiskey and schmooze. In fact, its probably been around a lot longer, Cro-Magnon man probably gathered around the newly discovered fire and showed each other their collection of animal teeth and traded them. Creating networks of crocodile teeth owners and sabre toothed tiger owners, who tried a take over bid against the sabre toothed leopard owners. Business networking is designed to create business opportunities through social networks. It helps if the people involved are of the same frame of mind.

These days a very handy way of business networking is via the Internet on the various social media available. But it must be said that very little can beat the intimacy and trust created by face-to-face relationships. Also, where would our businessmen be without their whiskeys and weekly schmooze?

The Importance of Keeping Up With Finance News

The modern world has numerous intricacies to it compounded by the realities of globalization and rapid technological advancements. What this means is that no one can decide to remain ignorant of their environment and all that is going on around the world as this directly or in directly affects our lives. Many people have always regarded financial issues as a preserve of the financial gurus and those who specialize in finance issues. Acquiring the knowledge of financial matters, at least the general matters, is essential for everyone.

Finance news keep you abreast with developments in various critical sectors of the either the national or international economy. For instance if you may want to keep abreast with opportunities that exist for you in domains like forex trader then you need to know what is happening in line with developments of the volatile stock market and money markets. On another front you may want to know where there are affordable foreclosure properties that you can makes the most of to get yourself that dream real estate property as your residence or for investment.

Many people are getting hands on with financial matters because it does not really take an expert to get into financial trade circle and the make the most of what the industry can offer. What happens in the finance world affects your life directly it does not matter if it happens on a national scale or international locale. The fact is that the global economy in intertwined such that financial matters in the Australia economy for instance may affect the whole of the global financial landscape, which has an impact on the state of the economies, inflation, interest rate, etc. These are kinds of issues that get to affect you directly.

Keeping abreast with financial developments has been quiet a critically important aspect in the recent global economic meltdown. The global financial sector has been riddled with negative developments which cost some people huge profits from various business ventures. Keeping up with finance news helped people to stay on the look out and alert on the next move to do for instance in terms of example selling property, buying a property, getting a bank loan etc. the principle of keeping pace with financial developments is very important especially for entrepreneur who want to keep a close eye on the financial developments every second in order to position themselves for expediency and survival

Keeping Track of Finance News

The financial world is very volatile and every moment there are frequent changes in the economic activities around the world. The market is strongly driven by speculations and emotions and so the slightest of activities can have a deep impact on the position of the market. Events like political unrest, civil uprising, terrorist attacks, natural disasters, increase in oil prices and diplomatic failures can completely change the course of the market.

People who are involved in the financial sector should keep a track of all kinds of development in this sector. Also those who invest in the equities market will be largely affected by such development as the prices of shares change rapidly, based on the market situation and other external factors. So, investors should be in a good position to foresee any drastic change in share prices that can lead them to incur losses. This is why it is important for investors to keep a track of finance news on a regular basis.

Sources of Finance News:

Internet: The internet is the best source of all kinds of information and so there are many sites that can give you a lot of information about the business world. Sites like Google Finance, Yahoo Finance etc. will give you live market updates and information about stock markets from around the world. Also the stock prices of most big corporations, which are listed in various stock exchanges, can also be obtained from these sites.

News Channels: There are many news channels dedicated to broadcasting business and market news and they also highlight all events that can affect the markets. You can also get live news tickers about stock prices, performances of various stock exchanges etc. Another benefit of watching these channels is that you get to know opinions of market experts about the kind of stocks or mutual funds that one can invest on to get maximum benefits.

Newspapers: Business newspapers come with articles dedicated to the various happenings of the business world. There are many pages of information about the market, changes in regulations or laws and expert advice on the right kind of investments.

Business Magazines: These magazines can keep you updated about various corporate initiatives, acquisitions and mergers, stock predictions, economic forecasts, market news etc. They also publish quarterly or annual balance sheets of many companies which will help you in taking smart investment decisions.

Good News For Film And Movie Makers – Finance Available!

Fortunately, more and more banks and financial institutions are considering film and movie projects for extending loans and lines of credit to help them cope with the high costs that making a movie and commercializing it implies.

Therefore, these new loan products will help those undertaking such projects to finance not only the production of the film but also the distribution, exhibition, marketing, promotion, etc.
The way these loans and lines of credit are articulated is not fixed and depending on the type of the film, there are different options. If the movie is more cost intensive, more funds may be required but more revenues will be expected.

Percentage Of Financing For Unknown Producers

It’s important to note that lenders usually don’t finance 100% of the production unless the producer is well known in the industry. Instead, for unknown producers, they will provide half of the money needed to produce, market and distribute the movie and they expect the producer or producers to raise at least 25% of the funds from other private investors.

In the event that these funds are obtained and if the distribution company has already agreed with the producers to provide the services needed to distribute the movie, then the lender may provide the remaining amount. Basically, the lenders will want you to be convinced that the project is viable and that the movie will produce the returns expected; At least enough to repay the money owed.

Insurance And collateral

Since these are risky transactions, the lenders will want to covert their steps and therefore will require proper insurance from the borrowers. There are special insurance coverage for movie producers provided by specialized insurance companies that are used to dealing with movie producers and distributors. These insurances cover for any accidents occurred during the production along with protection for delays in distribution and exhibition, etc.

The lender may also require to provide some sort of collateral in order to approve the loan needed to produce or distribute the movie. As regards to production, a common form of collateral is the land where the production company sits in or the production machinery such as cameras, cranes, trailers, etc. The distribution companies usually have the rights to more than one movie and therefore they may be required to secure the loan with those rights since though a movie may not pay out, some of the others can produce revenue.

Communicate Your own Views in Adipex Online Community

Prior to ingesting any prescription medication it is very important be aware of consequences and unwanted effects the exact same. In a similar manner when you are using fat burning supplements to reduce, it’s likely you have several concerns growing within the mind with regards to the medicine. For example- exactly how much effective this prescription medication is, if there is any kind of side-effect the exact same, how frequently it ought to be taken, how fast it demonstrates its outcomes etc. Each one of these basic questions are needed to be answered by the pros.

Adipex fat burners really are a quick and efficient way to scale back weight. But individuals who wish to downsize their weight may have plenty of doubts in their minds for the medication. To give answers to almost all their queries. Adipex online community has been put together which take cares of all of the uncertainties that individuals have within their thoughts associated with the tablets. Some individuals may wish to discover how much weight they’re expected to shed with these tablets. The board is constructed where individuals can share their experiences and convey their own questions.

It has been discovered that the end results of fat reduction are very variable amongst people today. This is because their different eating plans and practices. Furthermore, it is determined by the volume of physical activity performed by the individuals. For those who have previously tried the medicine then you ought to discuss your experience with the conversation message board. You are able to give his feedback and express his sights for the medication.

One can also give suggestions in the online community which may be useful for other individuals. You can tell about the outcomes of the medication as regard to how much weight you reduced, what weight reduction plan you adhered to and what type of physical exercises you performed etc. In case you have not got the desired outcomes, bring up your troubles, the professionals of the discussion community forum will help in resolving your issue.

The industry experts also advise you the different methods to lose weights and completely different solutions to your difficulties. Adipex discussion forum also deals with the problems those people who are unsatisfied with Adipex. If you’re one of those, then you can come with your challenges and get a fix.

In the event if someone feels that the weight loss plan he’s following isn’t accurate then he can surely consult the experts. They can review your case and can make variations in your diet plans. If you are forced to make some changes in the diet regime, then proper dieting schedules can be recommended by the advisors. They can tell you to reduce any specific eatable to obtain desired results.

Those people who are extremely satisfied with the Adipex can also recommend fresh and innovative ways as regard to physical workouts so that it might be of help to somebody else that has not been able to achieve his goal of weight loss.

Individuals can also publish their blogs and post testimonials on the online Adipex (read more at http://findadipexnow.com site ) online community which could be recognized a feed-back from the consumers of Adipex People from all around the world who’re consuming the medicine could be collected at one site.

Join an Online Gambling Forum to Get the Latest in Gambling News

Whether you want to keep up with a Las Vegas or Singapore casino or find out the latest in Macau gambling news, an online forum provides easy access to all the information you need. Gambling is not only a sport, it’s a successful industry that’s been around for thousands of years. With casinos around the world, news can best be accessed through Internet gambling forums and news sites. Here are some benefits of using these sites.

Keep Up with Stocks

If you’re an avid investor in gambling stocks, whether in local casinos or online companies, then online gambling news sites can provide you with up-to-the-minute stock information. Investing in gambling stocks is no different than any other company. You’ll want to keep tabs on how certain casinos and other venues are doing in the market. You can keep up with specific companies or view general information to help you make wise investments. Know when to buy or sell stocks as well as when to wait and watch.

Laws

Gambling news online also covers laws about gambling, which do vary from state to state in the U.S. and even from one country to the next. Know when new laws have been passed so you’ll be aware when a change takes place in the industry. Easily find out about online gambling laws and how they affect you as an individual.

Finance

A gambling forum can also provide helpful information regarding gambling and finance. Use gambling news sites to research the best methods for handling your banking needs. Sports books, casinos, etc. offer helpful banking methods to fund your gambling sessions. Learn which is right for you and which sites are trustworthy when gambling on the Web.

Some of the banking options you’ll find include credit or debit card transactions, wire transfers, money orders, personal checks, 900pay, NETeller and PrePaidATM. These enable you to fund games online quickly and easily, but you’ll want to ensure that your personal banking information is secure. Unfortunately, there are many scams on the Web posing as reputable gambling sites!

Are You Planning to Open a Casino or Site?

If you plan to start your own casino website, it’s pertinent to keep up with the latest in gambling news. Use a gambling forum to talk with other casino owners. Try to locate other owners who have successfully operated a casino in the local area where you plan to open yours. For instance, if you plan to open a Singapore casino, find others who have done the same so you can get helpful advice. Also look for gambling guides online to help you get started.

Seek an online gambling forum that offers news, gambling guides (such as a Las Vegas guide), tips on finance/security and a list of gambling rules for various types of gambling. This will help you approach gambling-whether online of off-with the right mindset.

Consumer Finance News

The web is now stock full of millions of pages relating to finance. Compare the market type websites, real time ticker type, blogs, stock tipping sites, auto insurance and all the other subcategories relating to consumer finance and I have not even mentioned the four letter word Bank!

If you did not think that was enough television, newspapers, specialist journals crank out more every day. Sometimes, I feel people have become in one sense isolated, in another overwhelmed and others excluded. In middle income families I think is there is a myth that they do not earn sufficient money to visit a professional to gain insight into how to best manage and gain with their money. Blissfully unaware of what is available to them they can fall prey to unscrupulous people who have the latest investment fund, plan or how to get rich quick schemes. Or simply allow their money to remain in a Bank gaining secure yet poor returns in many cases, which are eventually eroded by inflation.

Now here is a thought, there are numerous financial calculators (some sponsored) mostly free that can actually assist middle income families. In short I am saying you do not have to be a millionaire to help yourself to free advice that is available from the web. Sound and useful information can be found, it is not now the preserve rich. Armed with these calculations, for example a debt management programme or for a family budget scheme, planning for your future is very real and possible.

Did you know that most people in the U.S. spend more time planning their annual vacation than they do planning for their finances. Considering that retirement is your longest holiday, many only contemplate the retirement fund until their late 30s. Whilst it may seem quite perverse to say start as early as you can it would stand you in good stead. Why? it could either allow you to retire early or simply retire in comfort. Many Americans now seek work after retirement to supplement their funds, not because they have elected to do so, no, it is out of necessity.

Having done your research, armed with information it is impossible to be over sold regulated investment plans, life insurance or high priced credit (should you need it) and instead of feeling, Well finance is for the super rich, no, the web has opened up opportunities for all to have financial stability.

Finding a Job After Bankruptcy

After a successful bankruptcy filing, debtors get a fresh start on their financial life. No more harassing phone calls, nasty letters and the unrelenting stress of where to find the funds to meet your obligations. If you need to look for a new job after having filed for bankruptcy and fear the effect a bankruptcy filing may have on your chances of getting hired, take heart. The law continues to extend you the protection you need to get your life back in order.

Be Truthful and Candid

Employers cannot legally ask you in an interview whether or not you have filed for bankruptcy. Even if you are applying for a cash-handling position, such as an accounting or payroll job, the law prohibits them from asking you outright about your financial history during a job interview.

However, most employers do run a credit check as a routine part of the hiring process. This is especially the case when the position to be filled has fiscal responsibilities. Before they can inquire about your credit history, they need your permission to do so. An employer can refuse to hire you if you withhold this consent.

If you give your consent, a potential employer will find out about your bankruptcy filing because these are reported in your credit history. A Chapter 13 bankruptcy usually remains in credit reports for seven years, while a Chapter 7 bankruptcy is reported for 10 years.

In this case, handle the situation with as much candor and honesty as possible. Treat the interview as an opportunity to explain the circumstances of your bankruptcy filing, something which a credit report cannot do. If you have taken steps to address the events surrounding your bankruptcy, mention those as well. It is crucial that a potential employer sees you as a mature and responsible individual who learns from past mistakes and can take concrete steps to move forward in a positive direction.

Get Excellent Recommendations

Include as many character and professional recommendations in your job application as possible. While these do not need to focus or even mention your bankruptcy past, it is important that they present you as a completely trustworthy and consummate professional who is an asset to any potential employer.

Filing for bankruptcy is a wake-up call for most people. The experience teaches them to take control and responsibility for the financial, personal and professional aspects of their lives. It makes them more aware and highly appreciative of the opportunities life offers them. All in all, not a bad profile for a future employee – and most employers would likely agree.