Has anyone been watching Lord Sugars shows investigating money in football. I for 1 thought it was veryt interesting what was said by the likes of Dave Whelan and it is probably worth a watch online if you havent seen it. He spoke too an agent, Harry Redknapp, Alan Shearer, Dave Whelan, Richard Scudamore amungst others about where money in football is going. Harry doesnt know how much any of his players are on. Dave Whelan meets with some of the other club chairmans in the prem and they are imposing a Wage Cap between themselves. In gereral worth a watch and i wantedto talk about this new rule when you can spend only what you make orelse you cant get into europe. Come the 12/13 season, the likes of Man City and Chelsea cant get into europe unless they break even meaning there output is the same or lower than the money coming in and it effects all the teams in Europe. Its probably a good idea so clubs dont go out of business but it also secures the bigger clubs will remain the bigger clubs which if your in europe sounds ogod, but for a team like us, we cant compete with the teams with more revenue and i think in future years, although we may be able to catch these bigger clubs with smaller revenue intake, if you catch them you now have no room to grow as a club and next season will be make or break for all the clubs, I imagine those teams who get into europe at the end of next season will have a massive advantage in future years. Thoughts?
i kind of agree with you. But there's more to this rule than you think. Teams must break even over a rolling 3 year period. In effect you could spend a **** load in year one expanding the squad etc then spend only a little in years 2 and 3 allowing for break even, sure its a risk but thats what footballs all about. Also i think its only costs directly associated with transfers and players with are taken as expenditure and only ticket sales, sponsorship and player sales taken as income. so if we were to expand the stadium of acadamy it wouldnt matter. Also the major issue here is it only applies to clubs hoping to or already competing in europe...(CL EL) So really only the big clubs who are in euro compeitions year after year should be concerned. I think it will see clubs focus alot more on youth development and expansion of the club to attract more supporters and lucrative sponsor deals, which imo is a better way to do things.
Ah, i thought it was a 3 year period from the rule started to get your finances sorted orelse you get the boot, i didnt realise it was a constant rolling period.
Is there going to be any rule to stop rich owners sponsoring their shirts with their own money? Also this is a pretty nice way to give the current champions league teams a monopoly. How can you expect to get a team in to europe, when the teams already there have the extra millions coming in to balance the books. Once again the rich clubs get richer, god help you if you want to break their stranglehold by investing.
As far as i know thats how it is. Making it break even every year is a little unrealistic, there could be exceptional circumstances. Doing it over 3 years means things like that should iron themselves out and be irrevalent
