Eye-watering losses, no wonder Gartside was proposing a no-relegation closed shop Premier League... http://www.bbc.co.uk/sport/0/football/25559504
I like the Reebok. If they go out of business perhaps we could drag it down to London & use it ourselves!
In any other business sector the company would be wound up as there is absolutely no chance of it being able to trade its way back into profit.....a £50m loss on a turnover of £28m tells us all we need to know about the way football clubs are run.....ie with no business principles of operating within your income limits....... Garside himself (or his business) is owed £151m......I would suspect that TF & Co are in a similar situation with us....
Chelsea also made a loss........ http://www.westlondonsport.com/chelsea/chelsea-make-a-loss-of-almost-50m
I hope they go into sdmin just because he proposed that. Owners should not be allowed to loan money to clubs, look what that prick wright did to us. Either run the club within its limits or give money to the club.
Time for the FA etc to get real about the amount of money clubs can spend on transfers, wages and so forth. Even for Man City etc the amount of cash spent is totally unsustainable.
There is a loose one, it's called Financial Fair Play. Sadly, clubs can get round it quite easily and if UEFA try to enforce against one of the big clubs they'll almost certainly get together with other big clubs and form their own Super League. It's almost certain that any sanction that is taken will be against a smaller, insignificant club first...
FFP just helps the big clubs stay big clubs, you will never see another Blackburn win the league or another club do what we are trying to do and step up because each team has a different limit. A wage cap would mean Man U could spend the same as Hull City and Id enjoy the PL more if the top 10% of players left with their 100+k salaries too.
