Its getting worse for Pedro…from the Daily mail:

Portsmouth Football Club chief executive Peter Storrie has been formally charged with tax evasion.

Prosecutors accused him of concealing a signing-on fee for Amdy Faye by paying it into the midfielder’s bank account during his transfer to the south-coast club from Auxerre in 2003.

Storrie will appear at City of Westminster Magistrates’ Court on November 16, a spokesman for HM Revenue and Customs Prosecution Office (RCPO) said.

The alleged £250,000 payment - relating to the player’s transfer to Portsmouth for £1.5m - was made between July 1, 2003 and August 12, 2005. (more…)

The Gunners boss gives his thoughts on American Stan Kroenke buying more shares in the club.

The official 2008 pre-tax loss figures have been published for Wembley and it might surprise you just how much money they’re really talking about.

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Hull City Manager Phil Brown shouts instructions during the Barclays Premier League match between Hull City and Portsmouth at KC Stadium on October 24, 2009 in Hull, England.

Hull City’s accountants have warned that the club will need to raise £23 million in order to balance the books should they suffer relegation from the top flight this season. A report from accounts Deloitte, which was filed five months late, largely addresses the club’s finances from their promotion campaign in 2007-08 but also advises the Tigers as to how to manage their financial situation in the months ahead. (more…)

Brazil’s state development bank BNDES said it will provide up to 4.8 billion reais (US$2.77 billion) for work on the 12 stadia that will stage matches in the 2014 World Cup, despite a promise from organisers that public funds would only be needed for infrastructure. (more…)

The Italian Football League, Lega Calcio has set the bar for the rights to the International Broadcast rights of Serie A and Serie B football at a nice round number, 100 Million Euro.

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Warning - Language AND Comedy 

The Football Association have denied claims they are set to dish out £5.5million in player prize money if England win the World Cup. Reports in Saturday’s newspapers claimed a windfall could see players earn up to £400,000 each depending on their participation should the squad be successful in South Africa. (more…)