Premier League Profit/Loss

Interesting snippet from the Althletic.

 

So why are the government allowing profit making companies to furlough their staff?

 

its happening

 

The pedantic answer is that the accounts are historical and do not show what is currently happening.

For me the true answer is that the scheme was rushed (as it had to be) and they probably didn’t think enough about companies abusing the system (which would be naive) and didn’t have the time to consider the likely response of all types of companies.

PL clubs particularly but all professional clubs generally are extremely badly run and the economics of running a “normal” business go out of the window. One Club can win the PL but that doesn’t stop 19 other Clubs gambling their existence to either win the PL or stop in at any cost and at the same time a host of Championship Clubs gambling their existence to get in it and so on down the pyramid. What other industry follows that business plan?

 

Newcastle United, titans of the Premier league profit charts, year in year out.

 

Jeez, if the season does continue and Villa get relegated they will be in serious financial difficulties. This won't capture last summers transfer window will it? If not, adding that in, and the Covid-19 impact....

 

But that would have happened anyway surely?

 

In terms of them getting relegated or the Covid-19 impact?

 

Relegated

 

Just out of interest how could Spurs make so much with the cost of the new stadium? I assume that isn't included in there?

So we would have been easily in 2nd place had we not signed our beloved Joey.

 

Yep, probably. But with the added Covid-19 economic impact they'll be even deeper in the red.

 

Which is why the season needs to continue @1.4 trillion

 

Depends how committed their billionaire owners are..

 

yes ill take that