The Financial Fair Play web-site has published an interesting table today, that lists the profit and loss of each of the Premier League clubs over the last two seasons we have records for, and then calculates how much extra each fan would need to pay for their tickets – if only ticket prices were used to make up any loss.
Mike Ashley – good control of Newcastle expenses
Now to spend some of those big profits that are coming
This is a bit of a strange way of analyzing the data, since there are other revenues coming into the club which are much larger than what each club gets in ticket sales.
And for instance next May, each PL club will get between £60M and £100M depending on where they finish in the league table – and how many times they appear live on TV, among other things – and that’s a big increase on what clubs got last season – which was between £40M and £60M.
This is the table that the Financial Fair Play web-site has published:
It’s pointed out that Newcastle’s huge profit of £33M in 2010-2011 was due almost entirely to the sale of Andy Carroll to Liverpool for a gigantic £35M.
So the Tyneside club must still control their costs to keep breaking even or make a profit – although the new Premier League revenues, which is an average of £30M more than Premier League clubs got last season will certainly help – in fact it will help an awful lot.
Newcastle have based their strategies over the last six years to a large extent on the way Arsenal run their club, and there’s little doubt the London club are the best run club in the land, so the fact that Newcastle are second to the Gunners in profits over the last two season bodes well financially for Newcastle.
And it also bodes well for the Newcastle’s future, and now we have to get Mike Ashley to spend some of the big profits Newcastle should be getting from now on – based on the new Premier League TV deal – and things on the financial side could certainly be a lot worse at Newcastle – that’s for sure.
And finally, notice how Manchester City are at the top of the loss league above, and have in fact lost £296M over the last two seasons, and Liverpool are second at £90M, so they are spending money the just don’t have.
Wonder what happened to the Financial Fair Play Rules, which as far as we can tell are having very little effect on curbing clubs from spending money they don’t have.
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