- Fri Feb 08, 2013 10:16 am
#491353
"Clubs with a wage bill of £52m or over are permitted to increase the wage bill by £4m in the first season, £8m for the 2014/15 campaign, and £12m for the 2015/16 season"
This means that clubs with the highest wage bills currently are still able to remain at that level, without the need to cut costs - as their revenue is going to increase dramatically through the TV rights. If you've kept your wage bill low, then you will not be able to benefit from your saving immediately. If you've gone crazy (City/Chelsea) or have a high wage bill anyway (Arsenal/United) then it's still keeping you ahead of the clubs with a lower wage bill.
It means that we won't see another crazy takeover like City or Chelsea, but the Premier League is admitting that they've shut the door after the horse has bolted. City still have very valuable assets, whose sales (and subsequent absence from the wage bill) will swell their coffers - as financial records will be wiped clean, meaning if they sell their average (or aging) high earning players (to give you an idea - here's their list)
Carlos Tevez - £180,000
Yaya Toure - £180,000
Samir Nasri - £140,000
Kolo Toure - £120,000
Javi Garcia - £110,000
Maicon - £110,000
Joleon Lescott - £94,000
Gael Clichy - £90,000
James Milner - £85,000
Gareth Barry - £80,000
Matija Nastasic - £75,000
Aleksandar Kolarov - £65,000
Micah Richards - £60,000
Jack Rodwell - £55,000
Scott Sinclair - £55,000
Equaling £67.5m or wage budget that they can play around with, not to mention the profit from the transfer fees they'll get (which won't have the initial outlay taken into account).
It also still allows clubs with rich owners to make a loss of £5m a year, however if your owner isn't rich (I'll use Everton as the example), then you're under a much tighter budget. It's not easy to make a profit as a PL club in the current climate.
Basically it's a step in the right direction, but it's not the best news for high performing mid table clubs without rich owners.
Last edited by chrysostom on Fri Feb 08, 2013 10:24 am, edited 1 time in total.