Financial fair play-style rules have dramatically improved English football’s financial health in recent years, according to an analysis of clubs’ figures by the accountants, Begbies Traynor.In an annual report on clubs’ accounts, the firm concluded that of the 72 clubs in the Football League, only two lower division clubs, which were not named, show signs of financial distress. No club in the Premier League, which in 2013 introduced regulations to limit clubs’ losses and spending on players’ wages, are in distress; most now make a profit.
“The trickle-down effect of football TV money and good housekeeping forced by the Football League and Revenue & Customs has all but eliminated business distress in English football,” said Gerald Krasner, a Begbies Traynor partner, who was formerly chairman of Leeds United during a period of near insolvency.
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http://www.theguardian.com/football/2016/apr/04/football-league-clubs-financial-health-checkup?CMP=share_btn_tw
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“The trickle-down effect of football TV money and good housekeeping forced by the Football League and Revenue & Customs has all but eliminated business distress in English football,” said Gerald Krasner, a Begbies Traynor partner, who was formerly chairman of Leeds United during a period of near insolvency.
Read more here
http://www.theguardian.com/football/2016/apr/04/football-league-clubs-financial-health-checkup?CMP=share_btn_tw
Contact CFU | Join CFU | News | Join CUFC Lottery
(It costs just 20 pounds to join CFU and your membership makes a difference) CFU