2012: Football finance review

Alex Miller looks back at a traumatic year in the world of football and wonders what British clubs will learn from the financial dramas.

It could just be that 2012 goes down as the year that British football clubs decided to act decisively to ensure their finances are put in order once and for all, following another year marred by unpaid debt and liquidation in the game.

Or, if bad habits go unreformed, will Uefa and HMRC step in to make things even more painful for clubs in 2013?

As the year draws to a close, the English Premier League’s member clubs are seemingly inching towards an agreement over the introduction of new cost control regulations.

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The hope must be that clubs on both sides of the border have sufficiently learned their lessons so that the focus in 2013 can return to the action on the pitch rather than off it.

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Comments

They will never learn.    2 thanks

Company Accountant | | Permalink

Certainly something needs to be done to deal with football finances.

Currently the Premier League title might as well be simply auctioned off to the highest bidder to save all the bother of actually playing games. The club with the richest “sugar daddy” can virtually guarantee itself success by simply buying the best players.

This started maybe 20 years ago when Manchester United started to buy success, then Chelsea bought the title, and now Manchester City are doing the same.  Not surprisingly plsayer greed has gone hand in hand with this and we now see players earning unsustainable amounts. Not long ago Wayne Rooney virtually blackmailed United into paying a ridiculous salary by threatening to move to City. The same blackmail is now going on at numerous clubs where “star” players demand ever increasing wages by threatening to leave. The result being that so called “top teams” are actually staffed by mercenaries there only for the money.

I don’t share the OP’s opinion that clubs will learen to live within their means. I am of the opinion that it will need the FA to bring in strict financial regulations backed up by stringent sanctions