Football: Study shows wealth disparity grows between soccer clubs
Published on Aug 15, 2014 7:37 AM
LONDON (REUTERS) - The financial disparity between the big clubs and the rest will continue to grow in English soccer despite Financial Fair Play (FFP) rules, according to a report released on Friday.
The study 'Focusing on the polarisation of football finances and the impact of FFP' by business advisory and accountancy firm BDO says the gap in wealth between the most successful clubs and others is widening.
The report adds that the new FFP rules brought in by European soccer's governing body UEFA could inadvertently help to maintain the imbalance.
"The top six or seven clubs in the English Premier League (EPL) will be able to consolidate their superiority with bigger and better global commercial deals," said BDO partner Trevor Birch, former chief executive of Chelsea, Everton and Leeds United.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!