The Premier League’s 20 clubs collectively lost close to half a billion pounds last year. Despite making record income.Â Â The numbers appear in The Guardian. An educated guess is that the numbers aren’t going to be any better in the coming season.
When 16 out of 20 teams are losing money then something isn’t working. It means the businessmen are Â doing badly.
When a CEO or aÂ chief executive is not able to prevent his company from losing money, then he usually gets fired. But not in theÂ benefactorÂ model of the Premier League. Club owners, who entered the business for varied Â interests, often ego, are responsible for losses.
It’s time for the real owners of the clubs, the fans, to fire them.