Football finances
Posted: 14 Apr 2022, 14:48
Just a little snippet written by my favourite sports writer,Martin Samuels.
"It is the time of year when football clubs publish their annual financial results and there is some interesting reading.The parent company of one ambitious League Two side lost £91,000 pounds a week in 2020-21,have total losses of more than £15million since it was set up in 2015 and liabilities of more than £19million.Wages are now running at £143 for every £100 of income,one investor is owed £12.5m and gates average little more than 2,000,the lowest of the 92 football league clubs.
Of course,this is exactly the sort of set-up that makes many advocate the need for a government regulator.Financial doping,they call it.
Not me.I believe the owners of football clubs should invest as they wish,as long as the money is a gift,not a loan.But Gary Neville,and others,want this Conservative government to place a firmer hand on football's tiller.
So it should be interesting if the regulator ever looks at the above-mentioned club-because it's Salford City,where Neville is co-owner.
"It is the time of year when football clubs publish their annual financial results and there is some interesting reading.The parent company of one ambitious League Two side lost £91,000 pounds a week in 2020-21,have total losses of more than £15million since it was set up in 2015 and liabilities of more than £19million.Wages are now running at £143 for every £100 of income,one investor is owed £12.5m and gates average little more than 2,000,the lowest of the 92 football league clubs.
Of course,this is exactly the sort of set-up that makes many advocate the need for a government regulator.Financial doping,they call it.
Not me.I believe the owners of football clubs should invest as they wish,as long as the money is a gift,not a loan.But Gary Neville,and others,want this Conservative government to place a firmer hand on football's tiller.
So it should be interesting if the regulator ever looks at the above-mentioned club-because it's Salford City,where Neville is co-owner.