The latest annual report from Deloitte Sports Business emphasises the strained finances of Championship clubs and their dependence on owner support: Finances
Wages to turnover ratios remain very high. In contrast, Premier League clubs enjoyed a second year of profitability.
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This article seems to confirm that football club ownership is for the uber rich as a vanity project or a tax vehicle to set off losses as against related profitable companies and reduce overall tax liability. Everyone wants to chase the holy grail of The Premiership.
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