Soccer News & Notes, October 8, 2010

Chung Mong-joon considering FIFA presidency challenge
Friday, October 8, 2010

Korea’s FIFA vice-president Chung Mong-joon said yesterday he is considering challenging Sepp Blatter for the FIFA presidency. The election takes place next May.

"I have not thought of doing so before seriously but now I will think about it. It’s still too early to say there will be no contender next May," Chung said as quoted by the BBC. "In order to keep a large organisation like FIFA healthy you need healthy competition."

Chung Mong-joon added that this December’s decision on who hosts the World Cup in 2018 and 2022 "might affect the atmosphere of the presidential election next year."

Mohamed Bin Hammam, president of the Asian Football Confederation, said in August he will not stand against Blatter. Blatter was elected FIFA president in 1998 and won a fierce re-election fight in 2002 before being elected unopposed in 2007. Before Blatter, Brazil’s Joao Havelange led FIFA for 24 years.

Source:  SoccerEx Business Daily

MANCHESTER UNITED POSTS RECORD OPERATING PROFIT BUT OVERALL LOSS
ManU Surpasses $159M In Operating Profit, But Still Posts Overall Loss Of $137M

EPL club Manchester United today announced a group operating profit of US$160M but an overall loss of US$137.79M in the 12 months ending June 30. The figures, included in ManU’s yearly financial results, make it the "first club to have posted an operating profit of more than" US$159M. However, the "loss figure is more likely to draw the attention of the club’s supporters"

(GUARDIAN.co.uk, 10/8).

ManU CEO David Gill "will doubtless make much of the fact his operation is not like the one down the road in Liverpool," which is "embroiled in an unholy legal tangle over its ownership"
(London TELEGRAPH, 10/8).

Source: www.sportsbusinessdaily.com

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