Football profit index(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

Aston Villa
Blackburn Rovers
Bolton Wanderers
Manchester City
Manchester United
Newcastle United
Stoke City
Tottenham Hotspur
West Bromwich Albion
Wigan Athletic
Wolverhampton Wanderers
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:,,