sign of the chimes
Active member
Yes, some interesting reading - Kieran Maguire's socials are a really useful conduit for this sort of stuff. The headline figures are often quite startling, but I do think it's important to bear in mind that: a) two clubs may have similar losses but not all losses are equal; b) clubs can make losses but remain sustainable.I've been following Keiran Maguire's Price of Football twitter account recently as the accounts are all coming out and this is nothing out of the ordinary for L1 or L2, a lot of seven figure losses are being posted. The Championship is even more horrific for losses. As for the underlying debt to owners...
There is so much money in football that it shouldn't be difficult to run financially prudently, putting the money back onto the pitch and into clubs and stadiums without posting losses year on year and being propped up. But the continual lure and ambition of the next level up and even more money in the PL, and if you are in the PL, in the CL, just drips down the leagues. As long as there are owners always willing to facilitate debt, it will continue. I am not sure where this ends really, I doubt an independent regulator will be able to click their fingers and make clubs sustainable. I absolutely know that the PL and clubs themselves won't.
There are lots of 'propping up' losses in football; but not all are that.