England's 'Sexiest Business' Prospering

Published May 9th, 2000 - 02:00 GMT

England's twenty Premiership clubs had a combined turnover of 670-million-pound for the last season, and were able to spend a sum of 269-million-pound on the transfer fees, divided equally between the English stars and the overseas'. 

Apparently the English soccer world in the last decade turned to be like many others a golden-mine, making their workers millionaires. 

How not, if the Premier League according to Gerry Boon the accountant of Deloitte Touche is the "nation's sexiest business," adding that "football is the success story of the past decade and the Premiership is the shinning glory."  

Unlike the eighties days, when the government made the English premiership appeared like an old sick man, as they mistakenly viewed everything associated with the game as "tarnished." 

Big money takes the Premiership stars into wealth, like Roy Keane's 52.000 pounds one-week contract with Manchester United or maybe the other figures, which could tempt Robbie Fowler, Tore Andre Flo or Andy Cole to switch clubs this summer. 

Thirst for success will continue to drive clubs to offer higher wages to the best players taking them beyond dreams of Croesus on the expense of the clubs. 

Last season's statistics indicated that seven of the clubs were running at a loss and other eleven clubs paid more than two thirds of their turn over in wages.  

 

© 2000 Al Bawaba (www.albawaba.com)

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