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I was going to post this on the Soccer Board...but it's too good for that.

Posted on 5/25/12 at 12:48 pm
Posted by RonBurgundy
Whale's Vagina(San Diego)
Member since Oct 2005
13302 posts
Posted on 5/25/12 at 12:48 pm
If Soccer is so awesome why is the Premier League losing more money than ever?


quote:

The biggest loser? Manchester City, thanks in large part to comical player spending, somehow lost $309 million—easily the worst financial year for any sports franchise ever. (Remember, these are the numbers from last season, not the one that just concluded, but it's not like City reined in the spending.) Chelsea, a year before their Champions League victory, lost $107 million, and required a massive loan from owner Roman Abramovich. Liverpool lost $77 million. Manchester United—Manchester United!— only turned a profit of $19 million.



Soccer haters-join in
Soccer fans- defend
This post was edited on 5/25/12 at 12:50 pm
Posted by Nonetheless
MAGA
Member since Jan 2012
34406 posts
Posted on 5/25/12 at 12:48 pm to
Because everyone loves soccer
Posted by TulaneUVA
Member since Jun 2005
26226 posts
Posted on 5/25/12 at 12:51 pm to
So what's your point here? Because TV revenue sharing is killing the top franchises and budgets are out of control, this means that Soccer isn't popular?
Posted by double d
Amarillo by morning
Member since Jun 2004
17170 posts
Posted on 5/25/12 at 12:52 pm to
Win the Premiership and lose that kind of money, I guess some folks think that's a good tradeoff.
Posted by Tennessee Jed
Mr. SEC Rant
Member since Nov 2009
17909 posts
Posted on 5/25/12 at 12:54 pm to
There's really nothing to defend, spending has gotten out of hand across Europe, and something needs to be done to fix it.

Doesn't change the fact it's still the best and most popular sport in the world.

The economics of our two seperate sports worlds are pretty comical. European Soccer is purely free market capitalism, with American Sports trending towards Marxism.

Also, I RA'd for it to be moved to the Soccer Board.
This post was edited on 5/25/12 at 1:00 pm
Posted by Dale Doubak
Somewhere
Member since Jan 2012
6000 posts
Posted on 5/25/12 at 1:01 pm to
Who likes soccer
Posted by NawlinsTiger9
Where the mongooses roam
Member since Jan 2009
39634 posts
Posted on 5/25/12 at 1:01 pm to
quote:

more than 600 million people across the globe tuned into see the blue of Manchester City beat the red of Manchester United 1-0.



/thread
Posted by TheIrishFro
Member since Aug 2010
4709 posts
Posted on 5/25/12 at 1:06 pm to
very few soccer clubs turn a profit, its the same problem with college football. Only a few universities in the country turn profit off athletics.

Most owners of big soccer clubs know they aren't making money with the teams, it's more of like having a pet to them. They're usually super rich already so its no big deal. Soccer is still the most widely played and watched sport in the world.
This post was edited on 5/25/12 at 1:08 pm
Posted by DownSouthCrawfish
Lift every voice and sing
Member since Oct 2011
41215 posts
Posted on 5/25/12 at 1:14 pm to
quote:

Manchester City beat the red of Manchester United 1-0.


Posted by LSUMJ
BR
Member since Sep 2004
20778 posts
Posted on 5/25/12 at 1:16 pm to
Manchester City, thanks in large part to comical player spending, somehow lost $309 million—easily the worst financial year for any sports franchise ever

City's owner
Sheikh Mansourn- estimated individual net worth of at least £17 billion with a family fortune of at least $1 trillion
Posted by jacks40
Baton Rouge
Member since Oct 2007
11877 posts
Posted on 5/25/12 at 1:16 pm to
quote:

So what's your point here? Because TV revenue sharing is killing the top franchises and budgets are out of control, this means that Soccer isn't popular?


I didn't see popularity mentioned anywhere in the OP's post.

Anyone that argues the economics of soccer is not in a dangerous spot right now has their head stuck up their arse
Posted by RayFinkleTTU
Orlando's
Member since Jul 2009
5755 posts
Posted on 5/25/12 at 1:21 pm to
The spending is out of control but I bet you can't find one city fan right now who gives a shite that their owner who is a multi billionaire lost 300 million and got man city it's first championship in 40 years
Posted by Sophandros
Victoria Concordia Crescit
Member since Feb 2005
45219 posts
Posted on 5/25/12 at 1:23 pm to
Not having a salary cap is the problem. Period. Full stop.
Posted by engvol
england
Member since Sep 2009
5353 posts
Posted on 5/25/12 at 1:23 pm to
Like someone said earlier, people who buy top clubs arent in it to make profit...unless they plan on gutting the team.

The money it takes to make an average EPL team to EPL champions is why you see Man City with such a large loss. With the new fair play rules, this will begin to change but in order to buy the best players it costs a lot. Theres no chance of a "super friends" going to one team in FA. You have to pay big bucks for the best players end of.
Posted by KingRanch
The Ranch
Member since Mar 2012
61759 posts
Posted on 5/25/12 at 1:25 pm to
frick soccer
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476736 posts
Posted on 5/25/12 at 1:27 pm to
quote:

Not having a salary cap is the problem. Period. Full stop.

meh

that just rewards the lesser teams
Posted by IAmTheHatOnMilesHead
Team 31™
Member since Nov 2008
25971 posts
Posted on 5/25/12 at 1:29 pm to
quote:

frick soccer



Quality post that added a lot to the thread.

Tell me sir, why "frick soccer"?

I'm gonna guess .. "it's boring and I'm a motherfricking American and they're pussies."
Posted by saderade
America's City
Member since Jul 2005
26394 posts
Posted on 5/25/12 at 1:30 pm to
quote:

If Soccer is so awesome why is the Premier League losing more money than ever?
Because the player salaries are out of control. The Man U-Man City game was probably the biggest regular season match in soccer's history so the popularity is definitely there.
Posted by IAmTheHatOnMilesHead
Team 31™
Member since Nov 2008
25971 posts
Posted on 5/25/12 at 1:32 pm to
I'd say the salaries are probably not as bad as baseball ... but baseball has 81 home gates per season to offset that, while soccer has 30-35 on a good year tops.
Posted by Spoonie Luv
Member since Jun 2011
1742 posts
Posted on 5/25/12 at 1:39 pm to
I like how soccer fans think that because it's popular, it's so great.

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