|Premier League revenues soar but clubs still make a loss on 08:11 - Apr 20 by Lord_Bony|
Ha ha ANY business with sense is "going to make a loss" through creative accountancy.
Otherwise its all flushed down the toilet in taxes unnecessarily if it made a profit is the logic behind it.
This is nothing to do with creative accountancy. They are losing hard cash. They do it because they believe there is future capital growth in the share value which is totally dependent on broadcast revenues increasing.
Only an idiot loses £100 to get £20 back in tax relief.