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Football Finance

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English Coursework: Football Finance Essay The general consensus today is that English football is in a fine financial state, but is this really the case? Of the top 20 richest clubs in the world, 8 are English. Manchester United are in fact the second richest club in the world, with an income of just over �166.4m last year however, this wealth does not seem to be filtering throughout the whole of the English game. Teams in the lower divisions are threatened with closure or administration on an alarming and ever increasingly regular basis. Just recently, Rotherham Utd of League One have been given 4 months to raise �1m or face closure. Many are now questioning whether the big Premiership clubs are to blame, as they refuse to share TV money and increasingly spend their money on foreign imports. In 1992 the top 20 League clubs broke with the Football League to form The Premiership. ...read more.


These days, this is much rarer and is seen as further evidence of the big guns failing to support the grass roots game. However, the top flight clubs have hit back. They point out that Premiership football is the main draw for TV coverage. They feel it is their right to reap the fruits of their labour. For example, it is now thought that Manchester United have the world's highest share of supporters. When they play on television they have immense pulling power in terms of viewing figures. This has enormous benefits, with The Premiership now being one of the most famous leagues on the globe. It has many millions of viewers worldwide. Many analysts believe this was due entirely to the breakaway in 1992 from the Football Leagues other 72 Clubs, which allowed Premiership clubs to broker their own TV deals. ...read more.


On the other hand however, you have the Premiership clubs who believe that they are bringing this extra money in and are run like big businesses. Why should they share it with poorly run clubs who will probably only waste it anyway? As the debate is sure to rage on, it is difficult to see how any kind of compromise can be met. Lower league football clubs see themselves as being part of the community and so believe that they should be subsidised in order to carry on providing a service. Whilst Premiership clubs see themselves as big businesses delivering a product and see the demise of lower league clubs as simply an effect of market forces. For now the future of lower league clubs and the communities in which they operate seem unclear. ?? ?? ?? ?? English Coursework Football Finance Paul Masterman Page 1 ...read more.

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