It's all very complicated innit!
That graph explained a lot.
You lose money - you go bust.
That graph explained a lot.
You lose money - you go bust.
Only 8 Premier League Clubs Made Profit!
- Thread starter Stanley Edwards
- Start date
Utter tosh.
How many clubs do not state whether or not they make a profit? Most.
So how would you know?
By law they have to make their accounts public. I think
This came from a story in The Guardian. I think.
Some big company of accountants published the end of season accounts. I think.
kained&able
Here for the football.
Yeah all plcs acocunts are public recored.(or bits of em at the very least not quite sure)
Dolce and thingy publish all the results.
dave
Dolce and thingy publish all the results.
dave
Monkeygrinder's Organ
Dodgy geezer swilling vapid lager
I think these are the Deloitte and Touche figures, although they are for the season before last.
Donna Ferentes
jubliado
It's possible that clubs won't go to the wall - I thought they would years ago, but underestimated the capacity for clubs to write off most of their debts and carry on trading nevertheless. I'm not sure they'll be able to carry on doing that forever.
The problem is that you either have to compete or drop out: if you just cut your spending you'll fail because everybody else will carry on spending, and outspend you. So there's not really a "sensible" option, in that sense. It's not a situation which sees the free market at its best.
Of course salary caps are one way out, but not only are they of questionable legality (I know there's one in rugby league and one in the Conference, but I'm not sure either would survive a legal challenge) but in the US, they exist on a certain basis, which is a franchise system. Nobody minds that the titles get shared around because everybody still has a large slice of a large cake. With a European relegation/promotion system it'd be harder to get agreement to something like this - not without losing much of what we'd like to try and preserve, which is the ability of smaller clubs to aspire to the top.
I don't know - perhaps it might be possible to arrange on the grounds that normal market principles don't really apply in football, where some clubs clearly aren't trying to make a profit and therefore distort the operation of the market. You'd need to ask somebody who knows more about EU law, which wouldn't be me.
The problem is that you either have to compete or drop out: if you just cut your spending you'll fail because everybody else will carry on spending, and outspend you. So there's not really a "sensible" option, in that sense. It's not a situation which sees the free market at its best.
Of course salary caps are one way out, but not only are they of questionable legality (I know there's one in rugby league and one in the Conference, but I'm not sure either would survive a legal challenge) but in the US, they exist on a certain basis, which is a franchise system. Nobody minds that the titles get shared around because everybody still has a large slice of a large cake. With a European relegation/promotion system it'd be harder to get agreement to something like this - not without losing much of what we'd like to try and preserve, which is the ability of smaller clubs to aspire to the top.
I don't know - perhaps it might be possible to arrange on the grounds that normal market principles don't really apply in football, where some clubs clearly aren't trying to make a profit and therefore distort the operation of the market. You'd need to ask somebody who knows more about EU law, which wouldn't be me.
London_Calling
Pleasant and unpatronising
That 'table' only concerns income over the past 12 months. It's fun, somewhat interesting and publicity for the company, but it's a small part of the overall financial picture.
