Source: TheGuardian
Unfurnished football club for sale, suits ex-international
Archibald at Airdrie and football's financial realities north of the borderIt was reported this week that Paul Miller, the former Tottenham defender, has been recruited by a leading merchant bank to head a division that will help professional footballers organise their bloated incomes. Things have grown a bit more sophisticated since the days when players bought a pub as a pension scheme: offshore hedge funds and convertible stock options are more the financial order of things. We can only assume, then, that Miller was not involved in advising his old Spurs colleague Steve Archibald, who is on the verge of concluding a transaction which, traditionally, has all the fiscal rectitude of using £50 notes as emergency toilet tissue. Archibald is about to complete the purchase of Airdrieonians, the Scottish First Division Club that limped into liquidation last season. Continue reading......read full article
