Saints Finances

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Saints Finances

Post  matty07uk on Fri 08 Mar 2013, 5:46 pm

http://www.independent.co.uk/sport/football/premier-league/southampton-reveal-profit-but-nicola-cortese-hits-out-at-premier-league-spending-controls-8526036.html

http://www.bbc.co.uk/sport/0/football/21712482

Overall some good bits here even if not a great deal of detail. Enough references to being prudent which i think is key for long term stability and fact salaries are 59% of turnover is pretty reaonable by premiership standards.

Not sure why Cortese is so against the new financial rules if we already comply, would stop the idiots such as QPR paying such stupid salaries and transfer fees which distort the game for everyone. The Skates robbed creditors of 150m with their two administrations and no one is likely to go to jail. Personally dont think they are tough enough and prefer the european criteria
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