EPL CEO Scudamore Says Club Debt Not A Huge Concern For League
 |
Scudamore Confident About EPL During Tough
Economic Times Because Of Product Quality |
English Premier League (EPL) CEO Richard Scudamore said that the league's clubs have "'manageable' debt because revenue can be maintained even in the financial crisis," according to Grant Clark of BLOOMBERG NEWS. Scudamore added that the "level of debt 'is not a huge concern.'" Scudamore: "Clubs’ ability to borrow in the future will, just like any other business, be more restricted. I don’t think it’s anything that’s not manageable, anything that’s not proportionate to the revenues, and those revenues are sustainable. ... I’m not concerned across the 20 teams. Are there one or two individual clubs that probably won’t be rushing out to spend hugely in the January transfer window? Yes. But that’s the economic climate that we are in." Clark notes EPL teams on average "get about half their revenue from broadcast agreements that have ballooned in the past decade," and the current U.K. deal for Premier League rights, worth about $1.7B over three years, expires in 2010. More Scudamore: "Clearly, economically times are interesting but we still think we have a premium product, a product broadcasters want and a product broadcasters will fight over. There will always be competition, there will always be somebody to sell the packages to" (BLOOMBERG NEWS, 12/16).
|
Related Stories By Company
|
Related Stories By Sport
|
EPL Clubs Divided Over China TV Rights
November 13, 2009 :
SportsBusiness Daily
Liverpool Eye Naming Rights For New Stadium
November 9, 2009 :
SportsBusiness Daily
Chelsea May Sell Stadium Naming Rights
November 6, 2009 :
SportsBusiness Daily
Liverpool Signs Deal With 188BET
November 4, 2009 :
SportsBusiness Daily
Soccer Franchise Notes
November 4, 2009 :
SportsBusiness Daily
|
Catching Up With RSL President Bill Manning
November 20, 2009 :
SportsBusiness Daily
MLS Commish Sits For Wide-Ranging Q&A
November 20, 2009 :
SportsBusiness Daily
Will Handball Harm Henry's Marketability?
November 20, 2009 :
SportsBusiness Daily
Hansen Formally Buys 49% Stake In RSL
November 19, 2009 :
SportsBusiness Daily
Would RSL Win Create Issue For MLS?
November 18, 2009 :
SportsBusiness Daily
|
|
