Original version

BBC World Service Online

Business Daily

Factual: Money

The daily drama of money and work from the BBC.

Business Daily: Football Clubs On the Brink

16/02/2010

Football Clubs On the Brink

BBC World Service - Business Daily, Football Clubs On the Brink

Why do so many soccer clubs flirt with bankruptcy?

Concern has risen about insolvencies among football clubs. We ask why English football in particular is riddled with clubs which seem to be always on the brink of bankruptcy?

Soccer is a multi-billion dollar business, fuelled by the passion and the money of fans. But concern about insolvencies has been growing. 

The English Premier League is one of the richest sporting series in the world. Yet English football is riddled with clubs which seem to be permanently on the brink of bankruptcy. 

This week Portsmouth Football Club, a member of the Premier League, is fighting for its survival in court. The BBC's Theo Leggett reports on where all the riches go - on transfer fees and players' wages.

Plus Dan Roam, author of 'The Back of the Napkin', explains how sketching out business ideas in picture form can sell ideas. 

And the BBC's Chris Hogg reports on the entrepreneurial hotbed of Wenzhou in China.

Accessibility links

Programme Index

Business Daily

Football Clubs On the Brink

Genres

Brand

BBC World Service Online

About BBC World Service