FA Cup provides answer to Accrington Stanley question
January 23, 2010

For most English football fans, Accrington Stanley will forever be associated with a fondly-remembered television commercial for milk from the 1980s.
In it, a football-loving urchin tells a friend that if he does not drink his milk he’ll only ever be good enough to play for Accrington Stanley.
His friend replies: “Accrington Stanley? Who are they?” and fans of the perennially unsuccessful Lancashire club have never been allowed to forget that line, or the response: “Exactly!”
For those long-suffering supporters this weekend’s FA Cup fourth round tie with Premier League Fulham offers an opportunity for their club, which only a few months ago was on the verge of bankruptcy, to make itself synonomous with something other than the dismissive scorn of a ten-year-old.
Accrington, currently 11th in the four tier of English football, are the lowest-ranked team left in the competition and their run has already assured the club’s near-term financial future, as well as taking them a stage further than either Liverpool or Manchester United could manage.
But manager John Coleman sees no reason to settle for that.
“Fulham will have had our (3rd round) game against Gillingham watched and they will know it won’t be a cakewalk,” he said this week.
“My lads are sky high at the minute. Fulham hold no fear for them and, to be honest, my players would feel happy and confident if they went out to play Real Madrid just at the moment.”
The demise of United and Liverpool, beaten respectively by Leeds and Reading in the last round, has left Chelsea as the bookmakers’ favourites to lift the Cup.
But the holders have a potentially tricky fourth round assignment in the form of a lunchtime trip to Championship side Preston, now managed by United boss Sir Alex Ferguson’s son Darren.
Arsenal are involved in one of three all-Premier League ties with Arsene Wenger’s men looking to maintain their recent momentum at Stoke on Sunday.
Everton take on Birmingham while 2008 winners Portsmouth entertain Sunderland in the other clashes between top flight clubs.
Having seen their side beat Manchester United at Old Trafford in the third round, Leeds’ huge army of supporters will relish another afternoon back in the big time when they travel to Tottenham, while Reading’s reward for knocking Liverpool out was a home tie against Burnley.
That match is a rerun of last season’s Championship play-off semi-final, which Burnley won thanks to a memorable goal from Scottish striker Steven Thompson, before going on clinch promotion to the Premier League.
“That game will live in the memory for a long time and it was an amazing occasion for everyone connected with the club,” Thompson recalled.
“But it’s different now. Reading are a good team, especially down at the Madejski. They’ll be looking to take another Premier League scalp, so we need to make sure we’re still in the Cup come Saturday night.”
Wolves plan to pitch Belgium winger Geoffrey Mujangi Bia, their transfer-window loan signing, straight into action in their meeting with Crystal Palace, who are having a good season and challenging for a place in the Championship play-offs.
Other ties with the potential for an upset include League Two Notts County’s home tie with Wigan and Scunthorpe’s Sunday date with Manchester City.
4th round fixtures (1500 GMT unless stated)
Accrington Stanley v Fulham, Aston Villa v Brighton, Bolton v Sheffield Utd, Cardiff City v Leicester, Derby v Doncaster, Everton v Birmingham, Notts County v Wigan, Portmsouth v Sunderland, Preston NE v Chelsea (1245 GMT), Reading v Burnley (1245 GMT), Southampton v Ipswich, Tottenham v Leeds, West Brom v Newcastle, Wolves v Crystal Palace
Sunday
Scunthorpe v Manchester City (1600 GMT), Stoke City v Arsenal (1330 GMT)
LONDON (AFP)
Tags: accrington stanley, arsene wenger, cakewalk, demise, english football fans, FA Cup, financial future, fulham, john coleman, long suffering, lunchtime, manchester united, premier league, real madrid, scorn, sir alex ferguson, urchinRelated posts
FA Cup provides answer to Accrington Stanley question
January 23, 2010

For most English football fans, Accrington Stanley will forever be associated with a fondly-remembered television commercial for milk from the 1980s.
In it, a football-loving urchin tells a friend that if he does not drink his milk he’ll only ever be good enough to play for Accrington Stanley.
His friend replies: “Accrington Stanley? Who are they?” and fans of the perennially unsuccessful Lancashire club have never been allowed to forget that line, or the response: “Exactly!”
For those long-suffering supporters this weekend’s FA Cup fourth round tie with Premier League Fulham offers an opportunity for their club, which only a few months ago was on the verge of bankruptcy, to make itself synonomous with something other than the dismissive scorn of a ten-year-old.
Accrington, currently 11th in the four tier of English football, are the lowest-ranked team left in the competition and their run has already assured the club’s near-term financial future, as well as taking them a stage further than either Liverpool or Manchester United could manage.
But manager John Coleman sees no reason to settle for that.
“Fulham will have had our (3rd round) game against Gillingham watched and they will know it won’t be a cakewalk,” he said this week.
“My lads are sky high at the minute. Fulham hold no fear for them and, to be honest, my players would feel happy and confident if they went out to play Real Madrid just at the moment.”
The demise of United and Liverpool, beaten respectively by Leeds and Reading in the last round, has left Chelsea as the bookmakers’ favourites to lift the Cup.
But the holders have a potentially tricky fourth round assignment in the form of a lunchtime trip to Championship side Preston, now managed by United boss Sir Alex Ferguson’s son Darren.
Arsenal are involved in one of three all-Premier League ties with Arsene Wenger’s men looking to maintain their recent momentum at Stoke on Sunday.
Everton take on Birmingham while 2008 winners Portsmouth entertain Sunderland in the other clashes between top flight clubs.
Having seen their side beat Manchester United at Old Trafford in the third round, Leeds’ huge army of supporters will relish another afternoon back in the big time when they travel to Tottenham, while Reading’s reward for knocking Liverpool out was a home tie against Burnley.
That match is a rerun of last season’s Championship play-off semi-final, which Burnley won thanks to a memorable goal from Scottish striker Steven Thompson, before going on clinch promotion to the Premier League.
“That game will live in the memory for a long time and it was an amazing occasion for everyone connected with the club,” Thompson recalled.
“But it’s different now. Reading are a good team, especially down at the Madejski. They’ll be looking to take another Premier League scalp, so we need to make sure we’re still in the Cup come Saturday night.”
Wolves plan to pitch Belgium winger Geoffrey Mujangi Bia, their transfer-window loan signing, straight into action in their meeting with Crystal Palace, who are having a good season and challenging for a place in the Championship play-offs.
Other ties with the potential for an upset include League Two Notts County’s home tie with Wigan and Scunthorpe’s Sunday date with Manchester City.
4th round fixtures (1500 GMT unless stated)
Accrington Stanley v Fulham, Aston Villa v Brighton, Bolton v Sheffield Utd, Cardiff City v Leicester, Derby v Doncaster, Everton v Birmingham, Notts County v Wigan, Portmsouth v Sunderland, Preston NE v Chelsea (1245 GMT), Reading v Burnley (1245 GMT), Southampton v Ipswich, Tottenham v Leeds, West Brom v Newcastle, Wolves v Crystal Palace
Sunday
Scunthorpe v Manchester City (1600 GMT), Stoke City v Arsenal (1330 GMT)
LONDON (AFP)
Tags: accrington stanley, arsene wenger, cakewalk, demise, FA Cup, financial future, fulham, john coleman, lads, long suffering, lunchtime, manchester united, premier league, ranked team, real madrid, scorn, sir alex ferguson, urchinRelated posts
Celtic chairman won´t risk club´s future for short-term gain
October 31, 2009

Celtic chairman John Reid told shareholders on Friday that he has no intention of risking the Scottish club’s long-term financial future for short-term success on the pitch.
Reid and chief executive Peter Lawwell met shareholders at the club’s AGM at Parkhead and gave a passionate response to accusations that failure to buy new players in January had cost the club their fourth successive Scottish Premier League title.
Reid pointed to the financial difficulties currently being suffered by Glasgow rivals Rangers, who are reportedly around 30 million pounds in debt, and also highlighted Celtic’s own money problems of 15 years ago.
“I say look around you, great institutions are falling apart or finding themselves in hock to others, from banks to commercial concerns and governments,” he said.
“You become controlled by a financial institution and utterly dependant on it if your level of debt to that institution is greater than you can afford.
“You can’t just borrow endless amounts of money to try and make up for the financial advantages that your competitors have.
“That way lies ruin. The vast majority of fans and shareholders know that.
“You have to make sure you don’t fall in to the populist trap of trying to buy an easy ride for the next few months by selling the future of the club and that is what we won’t do.
“The experience of being three hours from bankruptcy and administration, as we were in 1994, is something that those of us whose hearts belong to Celtic will never forget.
“We have learned our lesson in the past. If you spend money you don’t have to such an extent that you get debts that you can’t afford, then you lose control of your own destiny.
“This board is going to do everything we can to make sure that never happens again to Celtic.”
GLASGOW (AFP)
Tags: 30 million, AGM, bankruptcy, celtic glasgow, endless amounts, financial difficulties, financial future, financial institution, Glasgow, hock, john reid, money problems, own destiny, parkhead, passionate response, Peter Lawwell, scottish club, Scottish Premier League, term successRelated posts
West Ham United sold to asset group
June 8, 2009

LONDON (AFP) – English Premier League side West Ham United announced Monday they’d been sold to an asset management group where the majority stake is held by an Icelandic bank.
The London side hope the deal, worth a reported 100 million pounds (158 million dollars), with CB Holding will secure their financial future.
This was in doubt after previous owner and chairman Bjorgolfur Gudmundsson saw much of his personal fortune wiped out as a result of the Icelandic banking crisis caused by the global credit crunch.
Gudmundsson and vice-chairman Asgeir Fridgeirsson have both left the club.
The majority stake in CB Holding is owned by Straumur-Burdaras, an Icelandic-based investment bank.
West Ham’s new non-executive chairman will be Andrew Bernhardt, a senior director with Straumur Bank.
Bernhardt told the club’s website: “I can assure fans we will sanction investment in new players, but all within the parameters of sensible budgeting.”
He added he foresaw no need to change the club’s manager Gianfranco Zola, after the former Italy striker guided the Hammers to a creditable ninth place in the Premier League last season, or its chief executive, Scott Duxbury.
“CB Holding has no intention of changing the executive management or direction of this club,” Bernhardt said.
“It will be my job to help facilitate this continued process on the pitch, while ensuring the club’s success is built on a strong financial footing.
“We have an initial two-year plan which includes improving the infrastructure at the club and we will be getting to work on this as soon as the new board is appointed.”
Gudmonsson also told the club’s website: “As my fortunes have changes I now have to withdraw from the board of directors. I do that with a great regret but I am convinced that this change of ownership and control will advance the club in the present circumstances.”
CB Holding was, the BBC reported, set up by the creditors of Hansa, West Ham’s holding company.
Tags: Andrew Bernhardt, asset group, asset management group, banking crisis, bernhardt, change of ownership, duxbury, English Premier League, executive chairman, executive management, financial future, global credit crunch, Hansa, holding company, investment bank, Italy, london, majority stake, personal fortune, Scott Duxbury, vice chairman, west ham, west ham united, ZolaRelated posts
West Ham sold to asset group
June 8, 2009
LONDON (AFP) – English Premier League side West Ham United have been sold for an as yet undisclosed fee to CB Holding, an asset management group, the club announced on Monday.
The London side hope the deal will secure their financial future after previous owner and chairman Bjorgolfur Gudmundsson saw much of his personal fortune wiped out as a result of the Icelandic banking crisis caused by the global credit crunch.
Gudmundsson and vice-chairman Asgeir Fridgeirsson have both left the club.
Tags: asset group, asset management group, banking crisis, cb, English Premier League, financial future, global credit crunch, gudmundsson, london, personal fortune, undisclosed fee, vice chairman, west ham, west ham unitedRelated posts
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