Monday, January 31, 2005

Is it me or does the Premier League more further from reality ever season? Is it a ‘sport’ or is it a ‘business’? If it’s a sport then it’s an extremely polarized one with league centred on the holy trinity of Arsenal, Chelsea and Manchester United and the other clubs picking up the leftovers. If it’s a business then it’s shockingly run with the Premier League alone being some £500 million in the red, not helped of course by Chelsea’s £88 million loss for last year. Fortunately Roman Abramovich underpins the club with a loan of £115m thereby preventing KPMG righting the club off. Even more bonkers is that for the season 2003/4, 76% of the clubs income was consumed in wages. Most other clubs in the Premier League run at a more modest but still trouser wetting 55%. So how can clubs dig themselves out of the mounting debt? Well the obvious one is to bring the wage bill down but with player power in the ascendancy and the FA neutered by incompetence that seems as unlikely as teams not 'tapping' players outside the transfer window. Maybe every team needs a Russian billionaire but I’m not sure there’s that many to go round.

1 Comments:

Blogger Mr Ports said...

Daz, you may be interested in this link:
http://shop.arsenal.com/arsenal/product.asp?dept%5Fid=1138&pf%5Fid=14444&maindept=1130
When you say "they refuse to sell duvet cases...from Dublin to Denpasar", I think what you meant to say is nobody in Dublin or Denpasar buys them. Arsenal are certainly trying to sell them as proved by:
http://shop.arsenal.com/arsenal/sub_dept.asp?dept_id=1099&maindept=1063&mscssid=

2/03/2005 01:47:00 am  

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