Interesting financial news from Deloitte that FA Premier League clubs turned a profit in season 2013-14, the first time the combined results of the top 20 clubs in England have been in the black for 15 years. The reason for the £190m surplus was a 29% increase in revenue, largely as a result of the-then new TV deal, which runs until summer 2016. Wages rose only 20% that year.
Clubs will be happy to have stemmed the losses, although the first year of a new TV deal is always their high water mark, but the underlying bubble remains a problem. Income cannot continue to rise at heady double-digit rates, shareholders of BskyB and BT will eventually see to that, despite the fact that next big boost from TV is already confirmed for season 2016-17.
The play to watch is not if or when a dysfunctional football sector gets its act in order, it’s when an almost-as dysfunctional broadcasting industry reaches equilibrium. We’ve discussed before Sky’s absolute need for Premier League rights to secure their place as a prime broadcaster. BT, Virgin, Netflix and others are busy eating into their movie, news and entertainment broadcast market. It’s this need which is driving revenue towards the English Premier League. Without English Premier League football, Sky are vulnerable.
Sky took the first step towards passing the financial pain of their new deal down the line to consumers this month in the form of a price increase. The company have successfully done this before, many low income families are now paying £70 per month for satellite TV, and subscriber losses after previous increases have been almost non-existent.
Millions of people have high stakes skin in this game: subscribers, Sky and BT executives, their respective shareholders, Premier League clubs and the dependent ecosystem below them. All the spinning plates have remained in the air, despite price increases through a recession, but one fundamental remains:
This is a bubble.
Speculators are confused when they only see a market inflate over a long period that it’s not a bubble. The moment these TV deals become unaffordable to subscribers, or more likely, to the broadcasters, the bubble will burst.
Debts are high, profitability is here, but the underlying commercial pressures to stay in the league remain, so wage pressure will continue to eat away at available funds. Those outside of the bonanza have to figure out how to compete for audience and players, while waiting on the final act.
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CQN…DiamondJacksonCsc…is Coming Soon…..be Prepared…
bgx-i googled her about half an hour ago…….ooooo eeerrrrrr missus :)
I give my 20 to celtic every month for celtic tv but I don’t get to see the games live.
I would up that to 40 to see all games live.
I am sure that there are at least 50000 celtic fans in UK and Ireland who can’t get to games would do the same .
I work that to be 2 million a month plus all season tickets get it for free.
This is our model
exslaemuirbhoy
20:59 on 26 March, 2015
ffs a just googled Diamond Jackson with the wife looking over ma shoulder, cheers bhoys
__________
I’m glad I saw your post before I googled it, I waited until my bhoy was out the kitchen, he has probably seen it though…teenagers nowadays :))
Neymar magic!
Agreed TippBhoy, I would gladly do the same.
“Young people who leave school should be in an apprenticeship or in higher education.” Most would love to have either.
There was me thinkin’ Diamond Jackson was Burt Lancaster in yon Kevin Costner baseball fullum.
Whoaft!
sipsini
A must be naïve , a genuinely thought it was aboot “Pawn” Stars sap
Jungle Jim
Having personally suffered tragic instant loss. I see little sense in your post.
Let those who believe in faith believe.
Let’s those who can find solace another way do there own thing.
It’s not a subject for open debate.
Tragic instant loss is not something that can be overcome by a few lines of comments.
My thoughts and prayers are with those who suffered a horrendous tragic last 8 minutes on this planet.
OK CQN golfers, time to get on the practice TEE………..
http://www.bankrate.com/lite/celebrity-money/richest-golfers-1.aspx?ec_id=cmct_03_comm_PF_mainlink
Paxmans asking some questions I don’t think Cameron expected and pushing for a straight answer.
I hope this wasn’t used yesterday………….
“A brothel of Huns”…………
Instead of the “Hun Hoardes” they will now be known as the ‘Hun Whores”……..
CQN..
i really do think we should have a DIAMOND JACKSON CSC…all in good spirit of course, i mean., we are all Gentlemen ..
Right……
exslaemuirbhoy,
I’m sure both yourself and your good ladys face was a picture, did you wangle your way out of it ? :))
sipsini
just blamed you lot, simples
Cork celt
Good man…We need to get people involved. Celtic should not try to control the support. We are celtic. I was brought up with the clancy brothers…God bless Liam. .. I would prefer if we didnt sing these songs now…not because they are wrong..But because we are in a war for hearts and minds and we need to embrace our Scottish brothers and join with them as we did with the one true celtic god…jock stein.
I hate all this rugby crap in Ireland. ..by the way we should always sing the soldiers song as it is important to keep our identity and we made it popular just like the fields….even before the Republic. ..
A wee bit of galtee mountain bhoy would be good as well..Sorry bit of a ramble…and I love Ronnie too..even though lead one of his worst critics after maribor…mea culpa (3)
Yeehaa!
Have a tenner bet wi ma son for Brazil! :))
Tippbhoy, What part of Tipperary are you from.
Galway/ Tyrone bhoy who lived in clon Mel for 10 years now back in london
Clun mheala
Delaneys Dunky
A tenner for Brazil sounds good , but I think they are in mare debt than Nicuragua bud.
Jaysus Tippbhoy, That’s where I’m based as well.
theglasgowcelticway
21:17 on 26 March, 2015
“Young people who leave school should be in an apprenticeship or in higher education.” Most would love to have either.
__________
The problem is ..some apprentices, depending on their age, are working for under three pounds an hour… A disgusting misuse of our youth.
Captain Beefheart
20:45 on 26 March, 2015
‘I look forward to Scotland humping corrupt Scottish Labour.’
###
Thereby making a Tory government more likely.
Which is of course what the nats want,a Tory government, because it suits their own purposes.
Be careful what you wish for.
Exslae
If I take a tenner of Junior, I will spend it on a couple of pints with him. :)
Had to google Diamond Jackson.
Wife on other settee.
Hmmmmmm…
Árd Macha
CQN….All subsricptions to DIAMOND JACKSON CSC…should be forwarded to @BGXFKTHEHUNS.COM.
thankyou on anticipatipion..DIAMONDxx…
ps..The huns are Deid…
DD,
Will that be the first time you bought junior a pint then :)))
Andrew Lloyd McIlroy……….
Ernie Lynch..
.of course the Nats want a Tory Gov…i blind man can see that..
Diamond Jackson will be scratching her er head wondering how she is suddenly getting so many hits from Scotland.
Cork celt
And no hits from Ireland?
Tippbhoy: agree too. I don’t subscribe purely because they won’t broadcast matches live within the British Isles. Travelling to matches from many parts of these islands is difficult in terms of time, logistics and cost.
Having said that, there is no substitute for going to Glasgow and spending the day with Petec, Delaney’s Dunkey, BMCUWP and meeting up at CQN corner!
Corkcelt…may i ask where you live?
Pod i, interesting reading about the dignified Mr Dingwall.
i used to go out with a girl who knew Mark Dingwall from school. I went to a few parties where her ols school firends were there.
I was introduced to Dingwall and the first thing he said to me was ‘you’re a Celtic fan’. I later found out that was his way of finding out if you were a Catholic as he thought only Catholics supported Celtic. My girlfriend of the time had not seen him since we started going out and he did not know me. He wasn’t a very tolerant chap.
If you see images of him in the media, he looks and dresses like he’s in his seventies rather tha early fifties.
He’s not the most pleasant person I have ever met.
Ernie – I labour can’t get elected it will be labour’s,fault for not moving to the left, trying to be all things to all people apart from their core voters and generally offering no alternative to the neo lib consensus and more austerity and cuts.
It won’t be the SNP that causes a tory win. That’s a poor argument.
The sad thing is that the SNP are not the left alternative I would like to see but they have stolen labour’s social democratic clothes to some extent and when Scotland gets independence it will take a reinvented labour party or a new party of the left to reclaim that ground.
Labour has destroyed itself.
Ah WITS Shur you know we are all good Bhoys who’d have nothing to do with that sort of stuff. Diamond Jackson Out .