From Martin Samuel’s column today:
“It is the time of year when football clubs
publish their annual financial results and there
is some interesting reading.
The parent company of one ambitious League
Two side lost £91,000 a week in 2020-21, have
total losses of more than £15million since it
was set up in 2015 and liabilities of more than
£19m.
Wages are now running at £143 for every £100
of income, one investor is owed £12.5m and
gates average little more than 2,000, the lowest
of the 92 clubs.
Of course, this is exactly the sort of set-up
that makes many advocate the need for a
government regulator. Financial doping, they
call it.
Not me. I believe the owners of football clubs
should invest as they wish, as long as the
money is a gift, not a loan. But Gary Neville,
and others, want this Conservative government
to place a firmer hand on football's tiller.
So it should be interesting if the regulator ever
looks at the above-mentioned club - because
it's Salford City, where Neville is co-owner.”
Shows what a two-faced twat Neville is. The **** is completely devoid of any credibility. Thought I couldn’t hate him any more than I already did. I was wrong. Bravo Martin for flagging up his double standards.
www.mancity.com
