| Premier League: Clubs 'risk bankruptcy' with promotion 16:42 - Oct 12 with 1419 views | TacticalR |
'Between the 2008-09 and 2015-16 seasons, 19 clubs entered the top flight, and only one - Crystal Palace - avoided making a loss.'
'Most of the promoted clubs made money in their first Premier League season, but after four years just one in four was still in the black, according to Vysyble's report.
One in three was immediately relegated and two in three were down again within three years.
The report describes the "economic exhaustion" of trying to compete with the more established Premier League clubs.
Report co-author Roger Bell said many fans and owners of EFL clubs see promotion to the top flight as a "golden ticket to untold riches" but in reality trying to stay in the Premier League is "ultimately loss-making".'
Premier League: Clubs 'risk bankruptcy' with promotion
http://www.bbc.co.uk/sport/football/41564471 |  |
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| Premier League: Clubs 'risk bankruptcy' with promotion on 18:03 - Oct 12 with 1374 views | Juzzie |
We know where all the money goes but try telling that to Gordon Taylor. |  | | |
| Premier League: Clubs 'risk bankruptcy' with promotion on 14:56 - Oct 13 with 1228 views | loftboy |
Makes you wonder why so many chairman want the golden carrot, 100 million a year as s minimum and they spunk the lot chasing an almost impossible (Leicester excepted) dream |  |
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| Premier League: Clubs 'risk bankruptcy' with promotion on 15:07 - Oct 13 with 1215 views | kensalriser |
No shit Sherlock. |  |
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| Premier League: Clubs 'risk bankruptcy' with promotion on 16:52 - Oct 13 with 1169 views | TacticalR |
| Premier League: Clubs 'risk bankruptcy' with promotion on 14:56 - Oct 13 by loftboy |
Makes you wonder why so many chairman want the golden carrot, 100 million a year as s minimum and they spunk the lot chasing an almost impossible (Leicester excepted) dream |
A couple of points
1. I am not sure that it was that obvious that getting promoted almost inevitably leads to losses.
2. It was certainly not obvious to Phil 'relegation is not an option' Beard & co that staying promoted was difficult.
We've spent too much to be involved in a relegation battle, warns QPR chief Beard
http://www.dailymail.co.uk/sport/football/article-2199193/QPR-chief-Phillip-Bear | |
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