Osimhen hits double in Napoli's winning start to title defence
Victor Osimhen scored twice as Napoli got their Serie A title defence off to a winning start with Saturday's 3-1...
2023-08-20 02:55
Why Wrexham’s celebrity owners and lavish spending must be the exception not the norm
As the new League Two season got underway last month, the bookmakers were clear in their opinion; Wrexham were the favourites. The team to beat. Eight games in, Phil Parkinson’s side sit fourth– just three points off table-toppers Gillingham – having won four and drawn three since their opening-day defeat to MK Dons. Two places above them in second is Notts County, Wrexham’s promotion rivals from last season who have also made an impressive start back to life in the Football League. Notts County, like Wrexham, were one of the early season favourites for the title despite this being their first season back in the fourth tier since 2019. While it may come as no surprise that two teams littered with Football League talent have taken little time to acclimatise to England’s fourth tier, it does point to a stark financial inequality that is beginning to emerge at the base of the Football League. In the case of Wrexham, Ryan Reynolds and Rob McElhenney may not be throwing around cash in such a carefree manner as their American counterpart, Todd Boehly, in the Premier League at Chelsea, but they certainly aren’t spending prudently either. The club’s financial records for their promotion-winning season aren’t yet available, but the records from the season prior paint a clear picture of the new owners’ willingness to part ways with cash in their bid for promotion. £1.2m spent on transfers and agents – up from just £10,000 the year before – alongside a 294 per cent increase in football costs and losses of £2.9m which far outweighed the average net loss for a club in the National League, which sits around £1.1m according to Deloitte’s Annual Review of Football Finance. Some of that can be explained by the owner’s purchase of the freehold for the stadium and their 404 per cent increase in revenue – up to nearly £6m – but, regardless, the picture is as clear as ever. The big spenders rise to the top. One of last season’s big revenue drivers is expected to be Welcome to Wrexham, the hugely popular fly-on-the-wall documentary. The second season airs this week, showcasing the club’s second full season under their new owners, a campaign which ultimately concluded in Wrexham’s promotion back to the Football League for the first time since 2008. The show has attracted eyeballs and acclaim for its presentation of a football club at the heart of its community, and rightly so. In the second episode of the new series, for example, the story follows a young 17-year-old autistic fan, Millie Tipping, who strikes up a heartwarming relationship with star striker Paul Mullin whose own son, Albi, shares the same disorder. That focus on the community is an uplifting thread that runs throughout the documentary. But it’s also no wonder when the alternative is confronting the fact that Wrexham seem intent on financially bulldozing the lower leagues with boatloads of cash and hefty wage bills. After all, there were no other clubs in the National League last year whose kits were adorned with the sponsorship money of a social media giant like TikTok. No other teams in England’s fifth tier who could ring up and tempt a former England international goalkeeper out of retirement to help secure promotion. This year, their squad has been boosted – yet again – by the arrival of talent from higher divisions in the form of Will Boyle, George Evans and James McLean, the latter a £250,000 signing from Wigan Athletic reported to be on “championship wages”. When added to a squad that had already picked off supreme talents from the leagues above when the Welsh side were still in the National League, it’s clear to see why the bookmakers had them right at the top of their odds sheet. Money talks. They are not the only ones following this path in League Two. Salford City were the poster boy for big spending when they first reached the division under the ‘Class of 92’ ownership group. Stockport County too, who pipped Wrexham to promotion in the documentary’s first season, have spent handsomely, bringing Nick Powell to the club after he left Stoke City in the summer. But as Wrexham’s documentary hits TV screens, it should be the big spending of Reynolds and McElhenney that is put under the microscope. The celebrity status and goodwill garnered from the documentary should not distract from the vast spending that could dramatically alter the lower league landscape. Their openness with the fanbase and their effect on the local community is to be celebrated. One only has to look into the shenanigans at Southend United and Scunthorpe Town to realise stable ownership is far from guaranteed. However, look beyond that and their on-field strategy – fueled by rocketing sponsorship income and aggressive spending – is creating an unwanted blueprint. Succeeding in the Premier League has long been dictated by an owner’s willingness to spend. Football must now avoid a world where big-name owners, vast sponsorship deals and the same ability to spend are the only ways to journey up the football pyramid. Read More Welcome to Wrexham: The seasons we never got to see behind the scenes Welcome to Wrexham: Best sporting moments from season one Welcome to Wrexham: Best moments to look out for in season two Wrexham’s legendary goalkeeper Ben Foster in profile Wrexham’s star striker ‘Super’ Paul Mullin in profile Ben Foster: Retired keeper set to star in Welcome to Wrexham season 2
2023-09-19 21:58
Comedian in New York jokes about Malaysia, faces heated backlash overseas
A comedian in New York who joked about the safety of Malaysian planes in an apparent reference to the disappearance of flight MH370 has sparked a heated backlash in Malaysia and Singapore.
2023-06-11 13:48
Majority of leagues want broadcasters to hear live VAR exchanges, survey finds
A majority of leagues around the world want conversations between referees and VARs played out live to broadcasters, a survey has found. The Premier League was one of 41 leagues to take part in the survey by the World Leagues Forum, an umbrella body currently chaired by Premier League chief executive Richard Masters. The Premier League has declined to comment on whether it supported the move on VAR in the anonymised survey, but 25 of the 41 leagues were in favour of it. One respondent said: “(Having an) audio feed open for broadcasters between referee and VAR is a priority.” Using the two-way audio feed live is currently not allowed under the laws of the game, which are set by the International Football Association Board. Last month, Professional Game Match Officials Limited’s chief refereeing officer Howard Webb appeared on Sky Sports’ Monday Night Football programme to talk through some incidents from the season where VAR had come into play, allowing audiences to hear for the first time the discussions between the referee and the VAR. The PA news agency understands PGMOL is considering more regular insights into the discussions between referees and VARs next season as part of a move towards greater transparency. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-06-29 22:17
South Africa's Kgatlana puts grief aside to star at World Cup
When South Africa's historic run at the Women's World Cup finally comes to an end, the first thing Thembi Kgatlana will do back...
2023-08-05 13:19
Wirtz's wizardry puts Leverkusen back on top of Bundesliga. Brandt rescues a 3-3 draw for Dortmund
Florian Wirtz scored one goal and set up another with dazzling dribbles as Bayer Leverkusen retook the lead in the Bundesliga with a 2-1 win over Freiburg
2023-10-30 03:56
US Stock Futures Rise, Dollar Subdued on Debt Deal: Markets Wrap
US stock futures advanced as appetite for risk taking returned to global markets following the deal between President
2023-05-29 07:16
More Bitcoin ETF Decisions Are Already Looming After SEC Declines to Rule
Bitcoin ETF candidates got another dose of disappointment when US regulators on Friday punted on making a decision
2023-08-13 22:25
What happened to Markiplier? Streamer shares red eye selfie from hospital on birthday, trolls say 'don't do drugs'
Markiplier, a streamer, confused his admirers by posting a red-eyed selfie from a hospital on his birthday
2023-07-01 15:45
Prince Harry back in court for second day of grilling over UK tabloid claims
By Michael Holden and Sam Tobin LONDON (Reuters) -Prince Harry was back in the witness box at the High Court
2023-06-07 17:49
Civil rights leader Bishop William J. Barber II retires from church service
Prominent North Carolina civil rights leader Bishop William J. Barber II delivered his final sermon as the pastor of Greenleaf Christian Church as he retired after 30 years.
2023-06-19 04:00
Arsenal vs Man Utd - Pre-season friendly: TV channel, team news, lineups & prediction
Previewing the pre-season friendly between Arsenal vs Man Utd, with TV & live stream details, team news, predicted lineups & score prediction.
2023-07-21 22:57
You Might Like...
Wisconsin hearing considers $614M plan to fund Milwaukee Brewers stadium repairs
Start of Messi's third match with Inter Miami FC in weather delay
Support for Force to Reverse Niger Coup Fades as Deadline Looms
Coe defends Budapest as worlds venue and hails doping case
G7 to press Russia, weigh risk of China's 'economic coercion'
The Gophers are happy with good health and a full roster after 2 painful seasons
Sunak Faces MP Demands to Cut Taxes Before Election: Tory Latest
Who is Grace Rosa Baez? 'Proud' NYPD cop busted for selling 'top quality' heroin while on duty
