Finance guru salutes ‘brilliant’ Man City amid £590m reveal – ‘bigger than ever’
The financial model of Man City and the Premier League is “strong and sustainable” despite criticism from La Liga president Javier Tebas.
That is the view of finance expert Dr Dan Plumley, who spoke exclusively to Football Insider about whether the Premier League relies on being financed by ownership models.
Tebas accused the Premier League on Thursday (12 January) of being “converted into a competition where all clubs lose money”.
During the 2020/21 financial year, only three Premier League clubs reported profit – Leeds United, Wolves and Man City.
The forecast for 2022 is that Premier League clubs will accumulate a collective loss of £590million, despite estimations of record-high revenues.
Plumley believes it’s ironic to see criticism of ownership models such as Man City’s considering they are now one of the most sustainable teams in the division.
“The point about being financed by ownership models we have here in English football is irrefutable because of the enormous amounts of money,” Plumley told Football Insider.
“But it’s not an unsustainable model while owners are willing to put money in.
“We’ve also seen the Premier League go from strength to strength in terms of broadcasting contracts around the world and the global market is now bigger than ever, bigger even than the domestic market.
“So we have seen growth in the model and still have owners wanting to be associated with large sums of money.
“Even if the owners walk away, it doesn’t affect the Premier League – it affects the individual clubs.
“Collectively the Premier League model is still strong and sustainable.
“The European football market is being dominated by the Premier League and other leagues are struggling to innovate and compete.
“Looking at Man City as an example, their model is brilliant.
“We know about the owners and the injection of cash but they are now one of the more sustainable clubs in the league.“
In other news, Man City lawyers expected to bypass £50m roadblock after latest reveal