I know this news hasp been posted elsewhere but in the interests of discussion I thought this table might be interesting. End of season losses cost us up to 10 million.
From this summer Chinese clubs will have to pay 100% tax on any transfer fees of foreign players. Chinese football regulator introduces 100% tax on foreign player signings The Chinese Football Association (CFA) has announced a 100% tax on the signings of foreign players to curb transfer fees, which could stop players such as Diego Costa and Wayne Rooney from joining the Chinese Super League this summer 30 May 2017 please log in to view this image Amy Austin Editorial assistant, CCH Daily View profile and articles. The new tax rule means that any loss-making clubs buying foreign players will have to pay the same amount as the transfer fee into a fund which would help develop young Chinese players. In a statement the CFA said: ‘To benefit the healthy and steady development of professional football leagues and curb the irrational spending on players, those clubs which are in the red should pay the same sums of money as they are spending on buying players to the Chinese Football Development Fund.’ This new policy will come into effect from the summer transfer window, beginning 17 June. The tax was introduced as part of an 18-point programme of new rule changes the Chinese FA has introduced to stop the high transfer fees of foreign players. It was also announced that from next season clubs will have to have the same number of players under the age of 23 as they do foreign players to increase opportunities. The Chinese government at first encouraged the spending on big name players however, over the recent months have grown increasingly uneasy with the growing fees. Chelsea’s Diego Costa has previously been expected to complete a £76m move to Chinese team Tianjin Quanjian but under these new tax rules the move will cost £152m. It has also been reported that Manchester United’s Wayne Rooney has been offered two £50m deals which would jump to £100m if he decides to move to the Chinese Super League this summer.
The Guardian, not normally renowned for its broad soccer coverage, but good at sports analysis have done a comprehensive review of each clubs finances for 15-16 https://www.theguardian.com/football/2017/jun/01/premier-league-finances-club-by-club it was visually more accessible in the print version..... but all the detail is there. screen grab of WFC here: Interesting that our wage bill was the lowest in the league and we balanced the books. Aston Villa made an enormous debt and other clubs lost a lot too
You would've thought that Bournemouth's wage bill would be lower than ours. I assume that they take directors salaries into account, so it may be explained by our highest paid one receiving £245k to their £1.07m.
Not sure about that. They have a Russian oligarch bankrolling them rather than a relatively frugal business model.