exactly, football is running dangerously red, its not perfect, but the alternative is more clubs going to the wall, we've seen too many as it is
Barcelona finance sheet 09/10 season:
Trading income: 420.2 million euros
Operating costs: 428.1 million euros
Operating profit or loss: -7.9 million euros
Financial and extraordinary profit or loss: -13.5 million euros
Before tax net profit or loss: -21.4 million euro
Just highlights how hard it is for big clubs to use the huge revenue they get to balance off transfers/wage bills/other costs.
Every club has loans make no mistake about it, but the difference between a loan to a Spanish bank and an English bank?
Spain will need bailing out by the Eurozone at some point in the next 2 years its now an inevitability, and who is the first customer those banks will go to to get their money back?
The one industry that has proved to be 'recession proof' is football...
Interesting to see what does happen in that sort of situation over the next few years, ideally clubs will have payed off their loans and be FFP compliant but if they're not and the banks ask for their money back...
exactly, football is running dangerously red, its not perfect, but the alternative is more clubs going to the wall, we've seen too many as it is
I actually think if a big team like Man-United or Chelsea were in dangerous waters, the FA/UEFA would not allow to 'hit the wall'. The problem now, these big teams are so precious in football, they make such a percentage of revenue the FA will be fearful if a big club does 'go down the pan'. The financial fair-play is of course trying to stop clubs spending such big money, but for teams like Man-United, when your getting so much revenue and prize-money of course your going to spend the money to improve that squad. But sadly, I can see a big team in the next 10 years, just going out of business. Its been said before, 1 or 2 years without success and no European Football, the wage bill will clock up, and magically they are gone. It almost happened to Leeds, and its quite sickening to see Football has turned into a money game...
its more to stop them spending money they dont have, exactly like leeds did
Yes- At least its good to see UEFA are doing something at 'higher level'. Maybe one day they'll take a glancing interest at the lower-leagues. For now though, if it stops the cringeable amount of spending my some teams, maybe we can restore some order back to football.
league one have already implemented their version of the rules as well, thankfully