Premier League football's profit index
Football clubs have spent millions on transfer fees over recent years, but for what return? We rate each major club's chances of turning a profit in the near future.
Image: Peter Byrne - PA Wire
As another busy football transfer window draws to a close, fans at both ends of the spectrum have had plentiful reminders of the huge spending required to succeed in the modern game.
What only very few people seem to be asking, though, is "what's in it for the owners?" After all, on-the-field success doesn't often produce a big enough profit to cover wages and other expenditure.
With the likes of Manchester City, Liverpool, Manchester United and Chelsea all spending big again this year - and with those all important Financial Fair Play rules soon coming into effect - here are my views on each club's chances of making a profit in the near future.
Choose your team from the list below or click through the slide show to see the 'profit ratings' for each Premier League side in alphabetical order.
'Profit likelihood' ratings: 1-2=Extremely unlikely; 3-4=Unlikely; 5-6=Probably break-even; 7-8=Good chance of profit; 9-10=Certain profit
West Bromwich Albion
Norwich City, QPR and Swansea City
Ryan McKnight is editor of F.C. Business - the business publication for the UK football industry. Figures are sourced from: fcbusiness.co.uk, sportingintelligence.com, guardian.co.uk
Its a shame that football clubs can't fill their gounds.
The premiership may be the best league in the world but it looks bad on tv when no ones in the grounds.
Anyone who believes that thetaxman gets half of the money paid to foreign footballers (and some home growns too) is deluded. They are using offshore companies as tax shields and paying very litlle if anything back to the UK. It needs sorting and quickly. Tevez has barely paid a penny in six years in the UK.
Beyond that they are overpaid anyway. All Premiership footballers should be on a base wage of not more than £2k per week which is enough for anyone. Then they can ber paid appearance money for playing for the first team, say £25k. Players on the bench are then paid proportionate to time on the field. That'll sort them out and stop clubs hoovering up all available talent.
Time to get this all sorted.
I get annoyed when people say the premiership footballers get paid too much... they are at the pinicle of a massive sport, and just like any other business that tries to maintain tallent within its ranks, thay have to pay thier employees enough so that another employer does not snap them up.
All players are actually getting the market rate for their services... well, except for Torres.
Please note that articles on MSN Money do not constitute regulated financial advice, which recommends a course of action based upon the specifics of your personal circumstances. The articles are intended to provide general personal financial information. We urge you to consult an Independent Financial Adviser (IFA) before making any important decisions about your finances. You can search for an IFA in your local area. Any statement regarding financial services products and tax liability is based on legislation and tax practices as at 6 April 2011, which is, of course, subject to change. The value of any tax benefits or reliefs depends upon the individual circumstances of the investor. When investment performance is mentioned you should remember that past performance is no guarantee of future performance. Where products have an underlying investment content, in many cases the value of the investment can fall as well as rise. For with-profit based investments, there is no guarantee as to the level of bonuses that will be declared, if any. Where mortgages or secured loans are explained do remember that your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. All mortgages are subject to underwriting, status and are not available to people under the age of 18.
New research has found that families are spending an average of £180 on back-to-school supplies for their kids. Does this tally with your experience?
Thanks for being one of the first people to vote. Results will be available soon. Check for results
- Yes, that sounds about right to me
- Yes, but I think school supplies are getting more expensive every year
- No, the cost of new uniforms, stationery and sports kit takes us well past the £200 mark
- No, I wouldn’t spend anything like that amount on the little horrors!