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Top 4 Finishes in last 4 Years
ManCity 4
Spurs 4
Liverpool 3
Chelsea 2
Woolwich 1
Leicester 1
ManUtd 1
Most of those points were already well known - but the key bit of insight at the end was that capital payments don't have to start right away.
The way I understood it, for the next few years the interest payments will leave a good amount to spend in upcoming transfer windows and basically rebuild the squad.
After that, even if more income is redirected back to paying off the stadium, there should be some money left to maintain the squad with a smaller number of signings and offer better salaries.
West Ham the most likely ones (the horror) if they want a Premier League one.Read somewhere that PSG owners are looking to sell and buy an English club. I really hope it's not Spurs.
Agree completely. You have to use the advantage to build further advantage. It's always been this way that if you play your cards right you prosper further at the expense of your rivals. Woolwich largely failed to capitalize on their advantage and now start every season hoping they get in he CL rather than being confident of it.This is a factor which wasn't made much of in the video :
Top 4 Finishes in last 4 Years
ManCity 4
Spurs 4
Liverpool 3
Chelsea 2
Woolwich 1
Leicester 1
ManUtd 1
And a top 4 finish opens the door to CL revenues, which are substantially bigger than EL.
So the more top 4 finishes we get and our main rivals do not the better off financially we are and that translates into getting better players in TW's over time, which helps us retain top 4 finishes.
Putting aside rivalry a moment, I hope that doesn't happen because you don't support a team like West Ham for the glory, you do it out of loyalty. If there was such a takeover what remains of the soul of that club, already shat on by the move to the athletic bowl, would be gone, nothing left for the true fans there.West Ham the most likely ones (the horror) if they want a Premier League one.
They already own the Olympic village I believe. At least in part.
Agree completely. You have to use the advantage to build further advantage. It's always been this way that if you play your cards right you prosper further at the expense of your rivals. Woolwich largely failed to capitalize on their advantage and now start every season hoping they get in he CL rather than being confident of it.
The revenue (direct and indirect) just grows and grows, now more than ever due to the coefficient split favoring established clubs. Particularly winning clubs. Winning the CL this year would be massive for us in that respect.
Premier League finances: the full club-by-club breakdown and verdict
We're in damn good shape financially.
If you are a growing team why would you want profits, serious question there. Profits get taxed, if you are an owner of a team and you want to grow I would think zero profit is a good business model.So in the richest league in the world, 7 clubs reported overall losses & further 7 reported profits of only £30m or less.
14 of the 20 Premier League clubs struggling to post genuinely positive figures despite the biggest TV deal in its history lining pockets like never before. We really should be thankful we are run as well as we are, it gives us a huge advantage over so many clubs that won't be able to keep their excessive spending up.
If you are a growing team why would you want profits, serious question there. Profits get taxed, if you are an owner of a team and you want to grow I would think zero profit is a good business model.
You actually think zero profit isn't a good business model? Read your last sentence back and tell me you'd think the same if you ran your own business.
The profit is still there, it hasn't vanished into thin air, it's there for us to use, to invest further, it keeps us from looking over our shoulders should something bad happen.
Ask owners or fans at clubs like Swansea & WBA in their current state how they'd feel being closer to zero profit with what they did last year compared to us. The two best financial figured teams, Spurs & Liverpool both competiting in the Champions League final to me really does say it all about how vital the running of a clubs figures are to its trickle down effect. If we need to spend we can spend, the same cannot be said for roughly 75% of the leagues clubs who are at large solely dependent on their owners money, not the clubs.
Zero profit is never a good business model, in any walk of life so why football is seen as any different is completely beyond me.