These days money is a big deal. With an economy still spiraling yet even further into recession, limited jobs, and many finding their salaries devaluing quickly the public has begun to scrutinize those at the top more closely. Elections since the 2008 economic crisis have seen the tax status of many politicians’ called into question and the public has a grown concern about just how much those with the most to give are actually contributing. Many would say that the NFL is contributing…to the problem. Holding non-profit status, the NFL enjoys all kinds of tax exemptions. This would not be an issue, since anon-profit status can only be obtained by keep all profit within an organization with no profit sharing, if it weren’t for the fact that the NFL receives a heft amount of tax payer help to keep their organization happy. Continue reading
In football, the majority of investment into clubs at all levels comes from sponsorship deals and endorsements, as much as it does from winning competitions and trophies. Whether this finance comes from international corporations looking for marketing opportunities, or local businesses wanting to spread their name in the community, endorsements are normally undertaken in order to make some sort of return for the investor, whether financial or through brand exposure.
However, a growing number of clubs are attracting investment as charitable organisations rather than simply for business gains. In the Italian lower-leagues, a Saudi businessman and philanthropist, Fahad Al Tamimi, has invested a substantial amount of finance into USD Noto Calcio but for charitable purposes rather than financial returns. Continue reading
Cardiff City Football Club has promised to donate a million pounds to charities in the local area. This premier league donation comes as the Barclays premier season approaches. Tan Sri Vincent and Cardiff City Football Club recently announced the details of the donation which they hope will support the many incredible charitable causes in the community.
In the last few days, Cardiff City Football Club has launched their “Thanks a Million” campaign which was the creation of Tan Sri Vincent. This is the incentive which will drive the one million pound donation and all charities to be in receipt of the money have been selected by the committee. In addition to this, Tan Sri Vincent Tan has also confirmed that Cardiff City FC will repeat this million pound donation annually to community based organisations for as long as the club remains in the premier league. Almost 50 charities have been chosen, all of which are of Welsh heritage. Continue reading
A great many charities have been supported by Bishops Stortford Football Club over the years and one who has received particular attention from them is the British Heart Foundation. The British Heart Foundation has received donations not just from the club itself but also from a large number of their fans who have adopted the worthy cause as their own. In the last five years alone, the club has raised over twelve thousand pounds for the British Heart Foundation.
Every May bank holiday, football matches take place in remembrance of Andy Barnes, frequently referred to as Mr Stortford. Andy Barnes, who was a devoted life time supporter of Bishops Stortford, tragically died of a heart attack. Veterans of Bishops Stortford FC, celebrities, academy players and locals have competed each year in these matches to raise funds for charity. The funds they raise are then increased by auctions and other events. It is hoped that this event will continue for many years to come and will still continue to receive the same amount of support from all involved.
Bishops Stortford Football Club also raises funds for the charity Kit Aid. Just three years ago they donated 200 football shirts to the cause. Kit Aid was established twelve years ago after Derrick Williams MBE went on a journey to Tanzania. Derrick was fascinated by the level of interest in football in Tanzania but disappointed by the lack of resources they had to play the game. When Derrick returned to the UK, he had a conversation with one of his colleagues and they decided to set up the charity. They immediately sent a box full of football shirts to one of the villages Derrick had visited on his trip. Ever since that first box, Kit Aid has sent over 120,000 shirts and other sporting items to Africa, South America, Eastern Europe and Asia. Graham Taylor, England’s former manager has also become heavily involved in the charity and donates generously.
It seems in recent years pro football players have been grabbing headlines for all the wrong reasons. From Michael Vick and Pacman Jones to, most recently Aaron Hernandez, it seems that super stardom and all that comes with it is not enough to keep these talented athletes out of trouble. Perhaps the real problem is the fame, but more so the money. For many NFL rookies the sudden influx of cash is both tempting and overwhelming, they are human after all. It is estimated that 78% of NFL players go bankrupt or flat broke. Continue reading
In 2006, Let me entertain you singer, Robbie Williams, became the majority shareholder in Port Vale Football Club. However, ahead of an extremely important management meeting next week, he has handed his proxy shares vote over to the Port Vale Supporters Club. When Robbie bought his shares seven years ago, they were worth £249,000. This means that the supporters club will be able to use his vote when they decide the fate of the five-man board on Wednesday.
Robbie Williams’ spokesman said ‘’In order to give the Port Vale fans a chance to voice at the forthcoming EGM, Robbie Williams has decided to give his vote to the supporters club for Port Vale. The supporters club are from now on responsible for giving our fans the opportunity to be heard at the EGM. The directors of vale will be now voted off the board if they do fail to attract the support from at least 50% of the votes which are cast at the EGM.’’ Continue reading