"There are dark clouds hovering over the English football pyramid and it seems to me there could be a real collapse where only the Premier League survives. Every single club in the Championship lost money last year. The combined operating loss of the 24 teams for the last full set of published results in 2023-24 was 411m. No club can survive for the long-term in this system and if that continues, catastrophe will happen."
"We need effective player salary cost controls, real attention to fairer distribution of media revenues and for English football to join the rest of the sports world in more advanced commercialisation of the broadcast and streaming product. My family is walking headstrong into this storm, but if I was a historic fan in Portsmouth, I'd scream for change in the structure to protect the beautiful game and our clubs and their communities for generations to come."
Portsmouth chairman Michael Eisner warns of impending financial catastrophe in English football's Championship division. Despite Portsmouth's relatively modest £4.36m loss, the club joins all 24 Championship teams in posting losses, with combined operating losses reaching £411m in 2023-24. Eisner, former Disney CEO, identifies dangerous imbalance between the Premier League and lower tiers, fearing only the top division will survive without intervention. He advocates for player salary cost controls, fairer media revenue distribution, and advanced commercialization of broadcast and streaming rights. Portsmouth nearly doubled turnover to £24.5m but absorbed gains through increased squad costs following Championship promotion.
#championship-financial-crisis #english-football-sustainability #salary-cost-controls #revenue-distribution #sports-financial-management
Read at www.bbc.com
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