The price of promotion

Cardiff City's debt remains at more than £100m, with much of it owed to owner Vincent Tan.
 [You must be registered and logged in to see this link.] state that Tan intends to continue to support the club for the "foreseeable future", with debt to the Malaysian businessman and majority shareholders standing at over £115m at the end of the 2016-17 season.
Tan has also written off some of the money owed to him by the Bluebirds following his takeover in 2010, and has converted some of his debt into equity.

Wolves recorded a pre-tax loss of more than £23m for 2016-17, their first season under Chinese conglomerate Fosun International's ownership.
In comparison, Wolves' yearly accounts on Companies House show they made a profit of more than £7.5m in 2015-16.
The Championship leaders say they "significantly invested" in players in the 12 months up to 31 May 2017, [You must be registered and logged in to see this link.]
The club also changed managers three times during that period.
Wolves say the £23.18m loss last season was also partly "attributed" to investment in the club's Compton training base.
Their fall in turnover, which was down from £27.2m in the 12 months up to May 2016 to £23.8m for the same period in 2017, was said to "reflect" Wolves' first season without parachute payments from the Premier League.
Wolves recorded a pre-tax loss of more than £23m for 2016-17, their first season under Chinese conglomerate Fosun International's ownership.
In comparison, Wolves' yearly accounts on Companies House show they made a profit of more than £7.5m in 2015-16.
The Championship leaders say they "significantly invested" in players in the 12 months up to 31 May 2017, [You must be registered and logged in to see this link.]
The club also changed managers three times during that period.
Wolves say the £23.18m loss last season was also partly "attributed" to investment in the club's Compton training base.
Their fall in turnover, which was down from £27.2m in the 12 months up to May 2016 to £23.8m for the same period in 2017, was said to "reflect" Wolves' first season without parachute payments from the Premier League.

The value of promotion to the Premier League this season for clubs that did not get parachute payments will be at least £170million and could reach a minimum £290million if they avoid relegation next year.
The figures, which come from the Deloitte Sports Business Group, are based on the extra revenue the clubs will get from the Premier League's broadcast rights next season and guaranteed parachute payments for two seasons if relegated in 2018.

Mind boggling figures for getting to the Premiership which is why some teams in the Championship are spending so much in the hope of getting promotion. I suppose its a calculated risk but we have no chance of getting near the Prem again as we don't have a pot to piss in.
Even finishing bottom and getting relegated would mean massive money and then they get parachute payments. The Championship is getting like the Prem now, teams who have money and teams who don't.

The prem won't matter in the long term. The big teams will disappear up their own arses to a European super league,leaving the rest of us to make the best of it.

So if the Premiership is the sacred cash cow, then how did Bolton & Blackburn after spending 12 years in that league end up with debts totaling north of 130 million. How badly manage can that be?

boltonbonce wrote:The prem won't matter in the long term. The big teams will disappear up their own arses to a European super league,leaving the rest of us to make the best of it.

The sooner the better.

With the removal the Hollywood teams, a salary cap could be imposed for the rest of us and we'd start to see an actual competition emerging again.