Sports
‘Premier League clubs lost £600m in season before virus’
Premier League clubs made a combined loss of £600 million in the 2018/19 season, even before suffering the financial pain of the coronavirus pandemic, a report revealed on yesterday.
Analysis from football finance experts Vysyble shows the 20 clubs in the English top-flight combined to post the huge loss despite record revenues of £5.15 billion ($6.6 billion)
The financial impact of COVID-19 is set to have a huge impact on the Premier League, even if plans to complete the current season behind closed doors go smoothly.
Premier League sides face paying a reported £330 million to broadcasters in rebates as matches could not be completed on schedule.
An estimated £126 million could also be lost in match-day income from gate receipts and hospitality.
“The COVID-19 virus is not the cause of football’s financial distress. It is merely the accelerant on what our data has very clearly and very correctly identified as a much longer-term problem,” said Vysyble director Roger Bell.
“The 2018/19 numbers are a disturbing and profoundly worrying financial outcome from England’s senior football divisions and is symptomatic of the deeper issues with the overall financial model.”
Wage costs for Premier League clubs have risen to £3.12 billion.
Everton posted alarming losses of £111 million, while Chelsea’s failure to qualify for the Champions League saw the Blues lose £96 million.
Yet the most worrying sign for the future financial health of the league may come from Tottenham.
Spurs posted a league-high profit of £68.6 million for the 2018/19 season on the back of a run to the Champions League final.
But the London club announced last week they had borrowed £175 million from the Bank of England.
They fear they could lose £200 million over the next year due to the loss of matchday income, cancellation of non-football events such as NFL matches and concerts and rebates owed to broadcasters.
“Our data has consistently demonstrated that football has been the master of its own misfortune with an over-reliance on TV revenues, staff cost-to-revenue ratios regularly in excess of safe operating limits (UEFA guidance recommends 70 per cent) and a failure to recognise key financial dynamics and trends,” added Bell.
The economic outlook for the Championship is also bleak.
Four Championship clubs have yet to release their full 2019 accounts, but the second tier of English football has so far combined for economic losses of £307 million.
The final economic loss total for all 24 EFL Championship clubs is expected to be at least £350 million. – worldfootball.net
Sports
Beyond the FIFA badges
Twenty-two FIFA badges were presented to Ghanaian referees and assistants based on their performance from the previous year.
Historically, FIFA gives these Referees’ badges for the calendar year to the top ranked referees from the previous year who excel in both local and international matches.
And, owing to the importance of referees not only in sports but other spheres of life, it is important to congratulate them instead of attempting to denigrate the feat.
It is a major feat in every sense of the word. Selecting 22 from a field of hundreds of match officials across the country should tell us that these group of officials have done something good.
The recipients comprised 10 Centre Referees, 10 Assistant Referees, a Futsal Referee, Beach Soccer Referee, and Video Assistant Referee (VAR).
Officiating has been one of the most challenging areas in sports in Ghana, especially football and it is a global phenomenon.
In fact, the recent rift between the International Olympic Committee (IOC) and the International Boxing Association (IBA) leading to the latter’s split is as a result of ills committed by referees.
Football has not been spared of the controversies associated with officiating with announcement of referees’ sanctions flying around most of the time.
In the Ghana Premier League (GPL), it is a major worry for clubs, especially when they are faced with away matches where some of their calls beats one’s imagination.
A lot of the incidents that have clouded the game’s integrity in controversy have come from referee’s decisions with the unfortunate May 9 Accra Sports Stadium incident.
At the presentation ceremony, the Ghana Football Association (GFA) President, Kurt Edwin Simeon-Okraku, and General Secretary, Prosper Harrison Addo, congratulated the officials and made statement I found very profound.
“This is not to say that there have not been challenges. Refereeing is an art that has to grow continuously. On that journey of growth, there will be mistakes. On that journey of growth, there will be challenges.
“But when you are very motivated and your eyes are fixed on excellence, you continue to invest in yourself and to challenge yourself towards being much better at every given opportunity. That’s why I’m so happy about the performances you guys have put up on the African continent, especially. We will continue to push and to ask for more opportunities for you. And I hope that when such opportunities come, you will not disappoint us.”
The duo were right in their statements but what they failed to add were the roles expected of them to play in order to ensure that the performances of these referees are improved and make those investment in themselves.
Referees themselves have complained about treatment meted out to them on several platforms. They go for months without being paid their allowances.
In a funny and jovial manner, some shared how they take loans from their wives/partners to enable them travel to match destinations and return on that same money source.
If such a debt hangs around the neck of the referee, how can he get the concentration to interpret the laws of the game on the field of play?
The only way out for such a referee would be to officiate to the gallery of the home team who as host would make every pleasantry available to the referee – accommodation, feeding, money and others.
This is the reason why the FA must put in place the needed measures to ensure that the referees gets the needed support to improve their standards.
In cases when they are found culpable of some of the incidents that mars a game, they must be quickly sanctioned to serve as a deterrent to others.
By Andrew Nortey
Sports
Legon Cities can worsen plight of Dreams FC
The 2024-25 Ghana Premier League enters the second-round phase this weekend with leaders Bibiani Gold Stars trekking to the University of Ghana Stadium in Legon to play as guests of Legon Cities.
Cities are chasing their fifth win of the season and coming on the heels of the 3-0 thrashing of Dreams FC a week ago, the stakes would be high.
Coach Yaw Acheampong believes his boys are on the road to move out of the relegation zone, and home games such as this presents them with the chance to do so.
For visiting coach Stephen Frimpong Manso, his side’s performance on the road has not been anything to write home about; however, their last visit to the venue marked a turnaround as they picked all three points against Accra Hearts of Oak.
On the heels of the league leaders is Nations FC, who will be at the Nana Fosu Gyeabour Park in Bechem to battle sixth-placed Bechem United in an entertaining contest.
Accra Hearts of Oak will make a trip to the Crosby Awuah Memorial Park in Nzema Anyinase to play as guests of Basake Holy Stars
In-form Kumasi Asante Kotoko will look to secure a second consecutive victory when they host Karela United at the Baba Yara Stadium.
In other games, Young Apostles host Nsoatreman FC in the Bono derby at the Wenchi Stadium, Berekum Chelsea play Vision FC at the Golden City Park, Heart of Lions lock horns with Aduana Stars while defending champions Samartex 1996 slug it out with struggling Dreams FC at the Nsenkyire Arena.
By Raymond Ackumey
