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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AoW
Talking of fag papers. Aff tae skin one up.
My tip (hope) for winning the Masters – HUNter Mayhan.
You canny keep a good HUNter down.
Mon the HUNter……………………..:_)
DD – haha you’re incorrigible!
CQN….The Diamond Jackson Roll of Honour will be publised Tomorrow……anyone who does not want their name published can donate a small fee to @impussywhipped.com….Yours in Celtic….Diamond xxx
ACGR
Mud wrestling weekend? Enjoy. Its haunted. I stayed there once and my lady loved me spooking her. ;)
ACGR
Bypass Dunblane
Come right into Stirling and try the new Collessio ? Hotel / Restuarant
Got a very good reputation
Hail Hail
AoW
The auldest habits die the hardest. It’s just I love anything GREEN! ;))
DD, I stayed there for four months when I worked at Grangemouth about fifteen years ago and I’ve never been back since.
BTW, jumping off the top of the wardrobe at yer wummin wearing a full leather body suit is only spooky in Clydebank.
This where you need some input from WDH.
Captain Beefheart
Audience seemed to disagree with you.Anyhow,like I said,care more about jobs and a more equal society than flags and nationalism.Loads of our fellow Celtic supporters in the Greenock and Upper Clyde areas are reliant on staying as we are for them and their families livelihoods.
Differing opinions in a democracy?——–That’s what it s all about.
ACGR
I thought I was teaching her. Clydebank wimmen teach their men I found.
Cowiebhoy, I’ll use my internetty skills tomorrow to check that out.
Table booked for June 6th at G’s. I hope your hip replacement doesn’t kybosh the event. I’m right oota wheelchairs in Carmyllie:_)
ACGR
Just had a look, it is very very nice, and menu is good
Wife has done lunch, said it was superb
Have heard excellent feedback on Restuarant for Dinner as well, although not tried it yet
Let me know, could possibly join date dependant :-)
Ok Nytol
Hail Hail
Cowie
GNGB Mr Gastronome wi ACGR. :))
Cowiebhoy, I think I’ll go for your recommendation. Looks nice and not a bank breaker either:_)
HH for that bruv.
Cowiebhoy inviting himself to my durty weekend with Mrs ACGR has me slightly concerned.
Down bhoy, it’s just me and the wee Dumfries girl on this gig.
Mibby next time…………………………….:_)
Diane Abbot is looking hot to trot on This Week but not as gemmy as Michael Portillo’s timmy shirt.
Is he really a Portbhoy? I never knew that.
Syd Neg @2100
Brill!!!!
ACGR
I just looked at the Colessio website,
they are offering sunday night stays for 20 quid,
surely some mistake there
ACGR
Have you got the dosh Portilla has?
gordy64
Whers that??
jude2005,
new hotel in Stirling,
looked at room availability and sunday nights are showing at a score
Slavering huns on hunmedia are salivating and discussing John Park’s imminent jump from a proper job at Celtic to the utter uncertainty of a stable wage at the red brick Victorian lavy.
Their thick as shiteness is unprecedented.
DD
Totp 1980 bbc4 :0)
Another smashing evening in Ayrshire,great company and great food.
Grateful thanks all round,I really appreciate it.
Even if the lads’ partners don’t!
Apologies to CLUNKS. I left that phone in my jacket,hanging on the wall. Another reason to hate the iPhone and cherish my Nokia.
Hopefully you can forgive me for that,bud. I shall return!!!!
jude2005 is Neil Lennon \o/ 00:02 on 27 March, 2015
ACGR,Have you got the dos h Portilla has?
…………….
No I don’t. Why do you ask?
ACGR
They cldnt afford him. He cost us millions btw!!!
Beep Beep Beep Beep Beep,,,,,,,,,,drunken curry loving train missing bastard alert.
Hope you had a smashing might pal:_)
HH bruv
Thot you were eyeing Dianne Them two’s joined at the hip.
Jude, I’ve no idea what JP’s relationship with Celtic is like. I know he’s been instrumental in bringing in some pivotal players for us, and more than a few duds in recent years. I’m merely commenting on the hun thread started by a durty wan saying he’s unhappy at Celtic and want to join the sevconian “revolution”.
One of the pitfalls of reading their pish is that you read their pish. I no longer have the ability to respond on their lovely wee blog:-(
Dont read the f f P. I depend on CQN filtering it down for me.
Jude, you’ve obviously never seen me in the company of a lovely wummin. Money disnay matter when a wummin feels sorry for ye.
ha ha
Hope the young fella is progressing well. I look forward to seeing his name on the team sheet in the next season or two. That will be a proud CQN moment.
HH and keep on dramming.
J P Will never get scout of the year. Tonto for me!!!
He’s doin well. Ta. Blended Balantynes tonight and some Bob Harris country. Perfecto!!!
Time for my cot,
goodnight fellow tims
Jude I’m dramming some of my own bottling just now. A nice wee 12 Y.O. Linkwood, Oloroso cask finish at 57.2% ABV. Needs a wee splash of the wet stuff and is an outstanding dram.
HH
Portillo’s shirt is a thing of beauty. Where does one buy a shirt like that for less than five HUNner quid?
ACGR
Ya wee tease!!!! Enjoy but I tink you’re already there. 0)