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Started By
Message
EPL clubs as a whole turn record profit
Posted on 3/26/15 at 8:20 am
Posted on 3/26/15 at 8:20 am
LINK
Apparently only one club was in the red.
With the new tv deal the league is going to be making bank.
quote:
Premier League clubs are collectively in profit for the first time in 15 years, a report from consulting firm Deloitte has revealed.
Combined pre-tax profit for all 20 Premier League clubs during the 2013/2014 season was £190m.
The figures released by Deloitte also show that wages - which used to be a huge part of clubs' spending - have grown by six per cent in a year from £1.8bn to £1.9bn, an increase lower than had been expected.
quote:
"Financial Fair Play has definitely played a key part," Alan Switzer of Deloitte's Sports Business Group told Sky Sports News HQ.
"It's important to note that's for clubs wanting to play in European competition, but on top of that the Premier League has also introduced cost-control regulations, so they've had a part to play for all the clubs in the Premier League.
"We certainly don't expect to see a return to the significant losses we've seen over the last decade. At an operating level, so that's before player trading, all but one of the clubs made a profit, so that's a huge turnaround from what we've seen.
"It's filtering all the way through and the huge size of the Premier League now, the advantage they have over their European rivals, means it's perfectly possible for all those clubs to operate profitably."
Apparently only one club was in the red.
With the new tv deal the league is going to be making bank.
2
Posted on 3/26/15 at 8:34 am to StraightCashHomey21
LINK
quote:
A “clear majority” of clubs turned in pre-tax profits, with Manchester United the best performer, Mr Jones said.
The return to profitability was proof that financial fair play rules, which came into full force last season, were succeeding in controlling costs in the league, he added.
Clubs face substantial fines for running at a loss under the rules, which are designed to prevent wealthy owners using their deep pockets to fund losses while spending large sums on players.
In the five years to the 2012-13, several clubs made significant operating losses, including Aston Villa, Chelsea and Queens Park Rangers. Manchester City made the largest total loss, at £221m. The club was last year fined €60m by Uefa for failing to comply with the financial fair play rules.
Posted on 3/26/15 at 8:53 am to StraightCashHomey21
Shocker of the year right there.
Posted on 3/26/15 at 9:12 am to STLhog
What am I missing? Says first time in 15 years, so it seems like it is a shocker. Unless you weren't being sarcastic.
Posted on 3/26/15 at 9:32 am to StraightCashHomey21
15+ pages. Here we go.
Posted on 3/26/15 at 9:35 am to BleedPurpleGold
quote:
15+ pages. Here we go.
bc of this right
quote:
"Financial Fair Play has definitely played a key part," Alan Switzer of Deloitte's Sports Business Group told Sky Sports News HQ.
Posted on 3/26/15 at 9:38 am to StraightCashHomey21
Exactly.
Posted on 3/26/15 at 9:47 am to BleedPurpleGold
Still waiting for news of the one club in the red is
probably QPR or City
probably QPR or City
Posted on 3/26/15 at 10:15 am to StraightCashHomey21
I don't have the energy to get into yet another argument about FFP's overreach, I've made my views perfectly clear.
Posted on 3/26/15 at 10:18 am to Draconian Sanctions
quote:
I don't have the energy to get into yet another argument about FFP's overreach, I've made my views perfectly clear.
and clearly you have been proven wrong
EPL clubs got quid stacked on quid yalllllll
Posted on 3/26/15 at 10:26 am to StraightCashHomey21
quote:
and clearly you have been proven wrong
my philosophy is that I don't think that the end result should be that all EPL clubs necessarily turn a profit. It's that they should be free to make those decisions for themselves and not have it forced upon them. So how can that be "proven wrong" by this? This post was edited on 3/26/15 at 10:27 am
Posted on 3/26/15 at 10:29 am to Draconian Sanctions
quote:
my philosophy is that I don't think that the end result should be that all EPL clubs necessarily turn a profit. It's that they should be free to make those decisions for themselves and not have it forced upon them
so clubs making a profit is a bad thing
this is a business and when parts of the larger business are in the red big time it looks bad.
quote:
how can that be "proven wrong" by this?
Its working and the profits prove it
but whatever
the financial clout of the EPL is only going to get better
should help improve the lower to mid table clubs
This post was edited on 3/26/15 at 10:35 am
Posted on 3/26/15 at 10:31 am to Riseupfromtherubble
The clubs that had operating losses...
Posted on 3/26/15 at 10:32 am to StraightCashHomey21
quote:
so clubs making a profit is a bad thing
I didn't say that. I said I'm pro-freedom for each club to determine it's own priorities.
quote:
Its working and the profits prove it
Yay tyranny of the majority!!
This post was edited on 3/26/15 at 10:32 am
Posted on 3/26/15 at 10:35 am to Draconian Sanctions
I'm retiring from this subject matter. Y'all have fun.
Posted on 3/26/15 at 10:36 am to BleedPurpleGold
quote:
I'm retiring from this subject matter.
same
but that wasn't even the point of this thread
its just crazy how a league that's starting to get worse is now pumping out record profits
apparently there will be a protest about ticket prices soon
Posted on 3/26/15 at 10:37 am to BleedPurpleGold
A cartel restricting the free market with the expressed aim of artificially suppressing wages is morally reprehensible, even when the workers in question are footballers rather than factory workers.
Posted on 3/26/15 at 10:37 am to StraightCashHomey21
quote:
its just crazy how a league that's starting to get worse is now pumping out record profits
America says "you're welcome."
Posted on 3/26/15 at 10:38 am to StraightCashHomey21
quote:
probably QPR or City
I'd be surprised if it's City this year with them not being allowed to spend as much as they usually have and also several loan-to-buy deals occurring which haven't hit the books yet.
Posted on 3/26/15 at 10:39 am to BleedPurpleGold
quote:
America says "you're welcome."
meh the NBC contract isn't even that big compared to some of the Asian countries.
I forgot the #'s someone posted them here before of how much some of the networks in asia pay.
NBC looking back on it got their tv as a steal.
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