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Just realized that most EPL clubs lose money even though revenue is at a record high
Posted on 10/23/17 at 10:06 am
Posted on 10/23/17 at 10:06 am
Interesting.
LINK
LINK
quote:
Premier League clubs posted record revenues of £3.6bn in 2015-16, but still struggled to make a profit. The 20 top-flight English teams made a pre-tax loss of £110m, after two consecutive seasons in the black, according to figures from Deloitte. Clubs saw increased player expenditure, operating costs and one-off charges. The two Manchester clubs' revenues increased by a total of £160m - roughly half of the total revenue growth recorded by the Premier League clubs.
4
Posted on 10/23/17 at 10:08 am to RedRifle
their system is not set up for the owners to necessarily make a profit
Posted on 10/23/17 at 10:13 am to Draconian Sanctions
quote:
their system is not set up for the owners to necessarily make a profit
Posted on 10/23/17 at 10:14 am to 225bred
Don't we see this in the major US leagues as well? Owners/teams cooking the books for tax writeoff purposes...
Posted on 10/23/17 at 10:15 am to Tigeralum2008
quote:
Don't we see this in the major US leagues as well? Owners/teams cooking the books for tax writeoff purposes...
I just wish they wouldn't make it so obvious.
But if I were an owner, id have a ridiculous salary and expenses to do it as well.
This post was edited on 10/23/17 at 10:16 am
Posted on 10/23/17 at 10:16 am to RedRifle
And some want MLS to be like this
Posted on 10/23/17 at 10:19 am to chalmetteowl
quote:
And some want MLS to be like this
i want MLS to be a league that can properly prepare our players for international play and can give our teams the best chance they can in club competitions with other leagues
MLS, as it stands, is essentially a ponzi scheme that does none of that.
Posted on 10/23/17 at 10:25 am to Draconian Sanctions
quote:I know nothing of how it works. What makes it a Ponzi scheme?
MLS, as it stands, is essentially a ponzi scheme
Posted on 10/23/17 at 10:27 am to PearlJam
quote:
What makes it a Ponzi scheme?
nobody watches, attendance is also pretty poor outside a few isolated areas.
the money they are making is largely driven by the 200 million expansion fees they are collecting from new owners.
Posted on 10/23/17 at 11:24 am to RedRifle
soccer board
Posted on 10/23/17 at 11:54 am to Draconian Sanctions
quote:
i want MLS to be a league that can properly prepare our players for international play and can give our teams the best chance they can in club competitions with other leagues
MLS shouldn't exist for the benefit of any nation's team over anyone else's...
much like the USMNT shouldn't be a marketing arm for MLS
Posted on 10/24/17 at 4:36 am to RedRifle
Interesting - I know my Spurs are in the black but wonder how widespread the losses are for the lesser clubs
This post was edited on 10/24/17 at 4:38 am
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