An accountant's view


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An accountant's view
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guff Offline

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Posts: 10,857
Joined: Jun 2009
Post: #1
An accountant's view

"…football is being run along casino capitalism lines: The very behaviour which voters condemned banks for undertaking prior to the Lehman’s bust is alive and well in football. It has been well established in finance that self-regulation does not work – there is always an incentive for someone to game the system to their advantage."

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"A couple of years ago, I looked at the financial position of Newcastle United, the club I support. I reluctantly concluded that although the financial model adopted by the owner Mike Ashley was condemning the club to mediocrity…"

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"As is evident from the chart, Newcastle significantly outperformed its wage bill last season [2017-18] largely thanks to the outstanding performance of the manager Rafa Benitez… it is testimony to what a good manager can achieve without spending huge amounts of money. But it is hard work to operate like this on a sustainable basis…"
(This post was last modified: 1st August 2020 10:54 AM by guff.)
1st August 2020 10:51 AM
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