I think from next month onwards all football related posts will be put on a seperate site, but these words just stick in my mind. There seems to be the acceptance within english football that football clubs run on different business model to most business. About 20 years ago before the premier league the team reflected players of that area, so for instance you would have players that grew up in a area and played for their local team. With the advent of the premier league and all that followed the money generated enabled clubs with the increase in tv revenue to buy players from abroad.
The problem is now is that the football clubs are taking financial risks on the promise of future funds. Hull city are example of this. They invested in players and the incoming chairman was warning the club that they are 35 million in debt, the chairman was obviously hoping that out of adversity and crisis the players would raise their game and realise how important staying in the top flight is. however last week they got relegated.
With portsmouth the club has been thriving on of field crises and somehow the club has managed to get itself to a cup final. I think some previous owners thought they coould find a saviour like a Roman Abrovanich , but they are very thin on the ground. With portsmouth being in debt it seemed to me that all subsequent owners inputted little money for big returns when the club went to the administrators. I see some of the owners are owed 14 million etc.
The big two Man Utd and Liverpool now have just under a billion of debt between them, one of these clubs will fall by the way side. I honestly think it will be the latter.
No comments:
Post a Comment