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Premier League Clubs Lose Money 'Hand Over Fist'

Video: Manchester City and 11 other Premier League football clubs report losses following the end of season 2011/12.




The Premier League confirmed last week about Sky TV's 3billion TV deal which begins season 2013/14 and that's not to mention the extra income from foreign TV deals (I bet the big-wigs who run the Scottish Premier League are spitting feathers with envy), so it appears there will be plenty of cash swishing around club bank accounts in the future.

On a personal note....

Clubs are losing money 'hand over fist' right now simply because of players wage demands (a slight simplistic look I know) so what can be done to keep some of the future TV revenue within football?

Let us know your thoughts in the comments section directly below this article.




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The journalist

Writer: danielqpr Mail feedback, articles or suggestions

Date:Thursday June 28 2012

Time: 8:47AM

Your Comments

It stops being a sport or competetion of any kind when clubs are allowed to have their wage bills tens of millions higher than their annual turnovers. Its supposed to be about football. A game played by 22 players on a patch of grass. Not the size of any respective owners bank accounts.
Clwyd
@Clwyd, no it doesn't. It is a professional sport and has been since the 1880s. It has always been a case of haves and have nots. Debt should be controlled but investment in the game should not be stopped.
Bluedub
wouldn't it be nice if they could bring players wages down to a 'reasonable' level and all clubs stuck to it. Common sense will never prevail though and the players will become more distant to us and more arrogant and more clubs will end up like Rangers... gone.
The Fear
Define a 'reasonable' level?
Bluedub
Long gone are the day when players signed for the Club rather than the money, although in Colin Bell's book, he did sign for City because they offered the most money. Reduce players wages, well that good, Adebayor has lost the love at City, but won't move because no-ones wants to pay him the same wages, Tevez could not get a move to PSG, because they would not pay the wages. City would not have got players without paying inflated transfer fees or wages. City were on a no win situation with this one. City were in a market of their own one price for City, another for any other Club. Should there be an independent player valuation committee? If you want City not to spend lots of money, get the selling Clubs to value their players at a fair price.
Buzz Lightyear
Since the start of the Premier League and PLC's we've seen the end of small clubs winning the title without investment. Clubs that want to stay mid-table have to spend money as well, or lose out on the cash cow that is the top flight. It's unfortunate, but that's how it is.
PhillyBlueMoon
Why not introduce a salary cap la NHL/NFL? The system could work like this: the cap is set as a percentage of the average revenues of the whole league. So for exemple if the total revenues of the PL were equal to 2bn, the average revenue pr club equals to 100 million (2bn/20), a salary cap can then be set as a percentage of average revenu let's say 50%, in which case the salary cap for the clubs is 50 million. the clubs could then choose to spend this amount how they wish on their players but with a cap of for example 20% of the total amount that could be spent on 1 given player, in which case with these figures would amount to 10 million, but with then only 40million left to spend on the remaining players... The advantage of this system is that all the clubs would be competing on level terms, and above 10 million top players would go for sporting reasons rather than money. It would also not prevent smaller clubs to compete as they would be able to spend a higher % of their revenues on player salaries than the top clubs. However, it may be difficult to put in place in Europe, as there would need to be some sort of regulation beween countries to prevent player exodus to Spain for example. One solution could be for UEFA to segment the European leagues and calculate the average revenue by segment: For example clubs generating more than 100 million could be in one segment, clubs generating beween 100 and 70 million in another etc...and the applicable salary caps based on the average revenu within each segment.
Blue ponderer
i have no argument with bringing in a salary cap, BUT every club has to agree to abide by the rules, across the globe. and that is some thing that will not happen, as Spainish clubs enjoy a reduced tax rate to their players than those in the UK, and would the clubs that have the big grounds and make More money from their merchadising and corporate schemes moan like hell, as they cannot use the profits of their mass merchandising of buying the 'best ' players.... compared to the likes of Wigan who do not have a Mass marketing appeal compared to ManUre or Liverpool..... so would back handed deals be done by the 'bigger' clubs as happened in Rugby Union and Jobs for the players in The City of London Banks, when they did not have any idea of what a corporate banker did. the salary cap kicks up more hassle than it cures, and sadly the players wages will continue to grow and fans will continue to pay through the nose for their sport, even those that dont go to games and watch on tv as their subscriptions will go up as well....its the way of the world sadly.
cityman51
 

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