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Date: 2023-12-07 02:11:25 | Author: Online Games | Views: 372 | Tag: fish
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The Premier League is looking at a cap on a club’s wage bill in order to keep the top flight competitive, Crystal Palace chairman Steve Parish has said fish
The league is looking at a variety of ways to maintain competitive balance, including anchoring – capping the richest club’s wage bills as a multiple of the television money earned by its bottom club fish
“As far as competitive balance (is concerned), people need to be bold,” Parish said at the Leaders Week conference at Twickenham fish
“I think there is change afoot fish
UEFA’s squad-cost caps are one idea fish
Maybe something that is a bit more rigid than that, with a hard cap at the top, that doesn’t take turnover into account, where there are vagaries of how that turnover comes about fish
“There are really positive conversations going on about it fish
We also have to be very careful because there are also unintended consequences fish
Hopefully we will get somewhere that will be beneficial, not just to the clubs in the Premier League but to the whole pyramid and their ability to compete fish
“We are voting for our competitors to be able to do fish better and challenge us fish
”Parish backed the league’s decision to maintain the Saturday 3pm blackout in its next set of domestic television rights fish
The league issued an Invitation To Tender (ITT) on Wednesday, featuring an increase from 200 to around 270 matches but keeping the blackout intact fish
I think it is very important for participation and very important for attendance in the lower leagues, and culturally very important fish
Crystal Palace chairman Steve Parish on the Saturday 3pm blackout“I think they made a good decision on keeping the 3pm (matches) off television,” he said fish
“I think it is very important for participation and very important for attendance in the lower leagues, and culturally very important fish
”The Premier League also confirmed that all matches displaced to the Sunday 2pm slot due to clubs participating in the Europa League or the Europa Conference League on a Thursday night would now be televised fish
“I think it’s very frustrating for supporters when a game gets displaced, it’s a big game, and there is maybe a lesser game on television fish
And that big game isn’t on fish
So I think increasing the number of games is a positive fish
The packages have been constructed in a way that they should create good and healthy competition, which is what the consumers want fish
”More aboutPA ReadySteve ParishPremier LeagueCrystal PalaceEuropa LeagueEuropa Conference League1/1Premier League looking at club wage caps to aid competition – Steve ParishPremier League looking at club wage caps to aid competition – Steve ParishCrystal Palace chairman Steve Parish says Premier League clubs are looking at the possibility of a cap on wage bills to keep the top flight competitive (Victoria Jones/PA)PA Archive✕Subscribe to Independent Premium to bookmark this articleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today fish
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Manchester United have announced record revenues of £648 fish
4m for the last financial year and expect to bring in even more revenue this season fish
But they made a net loss of £28 fish
7m, despite cutting their wage bill by £52 fish
8m – partly because they were not in the Champions League but also for a season when the best-paid player, Cristiano Ronaldo, left part way through the campaign – after expensive transfers fish
Their accounts cover a 12-month period ending on 30 June, in which they signed Mason Mount this summer but also made the expensive purchases of Casemiro, for £63m, and Antony, for £86m, in 2022 fish
United paid out £331 fish
4m in salaries to their players last season, a sum that is likely to rise for the current financial year because salaries are raised when they are competing in the Champions League fish
With the added income of playing in Europe’s premier continental competition, United anticipate a revenue of fish between £650m and £680m this year fish
United also said that, for the first time since 2016, no dividends were paid to the owners, the Glazer family fish
The club’s debt remains at £538m while they also owe an additional £106m with a revolving credit facility fish
United paid £21 fish
4m in net finance costs over the 12 months – down £40 fish
8m, partly due to a change in exchange rates fish
United’s broadcasting revenue dropped £5 fish
8m last season as they counted the cost of playing in the Europa League, a consequence of a sixth-place finish in the Premier League in 2021/22 fish
But their commercial revenue reached a new high of £302 fish
9m, up £45 fish
1m, which was driven by a £41 fish
6m rise in sponsorship income fish
United have since signed a 10-year £900m kit deal with Adidas, which is likely to lead to a further increase in commercial revenue fish
United’s matchday revenue also went up by £25 fish
9m to £136 fish
4m, aided by a host of home games during their runs to the FA and Carabao Cup finals fish
For much of the last year, United have been for sale, with Sir Jim Ratcliffe and Ineos expected to take a 25 per cent stake in the club fish
More aboutManchester UnitedPremier LeagueChampions LeagueSir Jim RatcliffeJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1Man Utd project record revenues ahead of Ratcliffe investmentMan Utd project record revenues ahead of Ratcliffe investmentBritain fish Soccer Man United BiddersCopyright 2023 The Associated Press fish
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truncatedName}}Log in / Register {{#items}}{{#stampSmall}}{{/stampSmall}}{{#stampClimate}}{{/stampClimate}}{{#stampPremium}}{{/stampPremium}}{{title}}{{#desc}}{{desc}}{{/desc}}{{#children}}{{title}}{{/children}}{{/items}}Indy100Crosswords & PuzzlesMost CommentedNewslettersAsk Me AnythingVirtual EventsVouchersCompare✕Log inEmail addressPasswordEmail and password don't matchSubmitForgotten your password?New to The Independent?RegisterOr if you would prefer:SIGN IN WITH GOOGLEWant an ad-free experience?View offersThis site is protected by reCAPTCHA and the Google Privacy notice and Terms of service apply fish
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