£174m
The Deloitte football report is out and makes continued interesting reading. The current austerity in the western world doesn’t seem to have affected football. Their finances are as bad as ever but the players get paid more in a week than a group of the fans could reasonably expected to earn in a year. The clamour for ‘talent’ continues unabated.
There are some very interesting bits in the report. Manchester United spent 46% of its revenue on pay, but rivals Manchester City splashed out a massive 107%. Top of the wages league is Chelsea with £174m, last years wage figures are shown in brackets.
- Chelsea – £174m (£167m)
- Man City – £133m (£83m)
- Man Utd – £132m (£123m)
- Liverpool – £121m (£107m)
- Arsenal – £111m (£104m)
The report noted a couple of key findings that I found interesting.
“The problem is with the middle tier of clubs, those who are neither chasing a Uefa place or facing relegation,” said Mr Jones. It appears the wage bill in these clubs is unsustainable in relation to the revenue they generate. Overall the 92 league clubs as a whole lose money on their day-to-day operations – and at the pre-tax level, losses have continued to grow, hitting £600m in 2009-10. For some more info and graphs visit the following link: –
https://www.bbc.co.uk/news/business-13679632
Category: Football trading strategies
