Transcript
Speaker: You're right, the Premier League. It is basically a Super League. It's not as bad as the actual European Super League, but it's not far off. The point is, you don't fix a broken clock by breaking it even more. Well, that's the thing. The clock is broken. You can't fix this. Well, I'm talking about the actual reality of European football, where 90, what is it? 90, 95 % clubs are in the red, in debt.
Speaker: The following is a clip from this week's Italian football podcast.
Speaker: the reason why the clubs are so much in debt and but just remember Barcelona are 1 .2 billion in debt Madrid are 900 million in debt Juventus I think around about 400 million in debt Tottenham Hotspur who obviously joined the super league they're massively in debt because of their stadium project the reason why that all these clubs are so much in debt is because of
Speaker: The costs are too high. The costs are unsustainable, especially wages. I mean, you only have to look at the percentage of revenue to salary spend and Barcelona spending 74 % of the expenditure is going on wages and I think the average is 67 % throughout football. So it's quite clear that the salaries are too high. It's unsustainable and that you don't solve that problem by throwing more money at the problem.
