Wages warning for Saints...says the Echo

[Gingeletiss]

http://www.dailyecho.co.uk/sport/10470484.Wages_warning_for_Saints/

 

Scaremongering or just grasping a story out of nothing!

 

SAINTS have been warned not to blow their huge new TV windfall on players’ wages.

 

The Deloitte Annual Review of Football Finance 2013 reports half the clubs in the Premier League are still making losses despite record overall revenues.

 

But the extra TV cash, plus new spending controls, could have significant beneficial effects for Saints and their top-flight rivals if it is managed properly.

 

From August, clubs in the Premier League will receive an extra £25m on average each year from the new TV contracts, and for most clubs that could wipe out their losses.

[so22saint]

grasping a story out of nothing - I read the report - it's a warning to all prem clubs

[manji]

Scaremongering of course. Just listed some points from the main report and made out it was directed at Saints.

[The9]

Wow, that's got nothing to do with Saints - in fact we're on of the ones with a relatively low proportion of wages to turnover, one of the reasons Cortese voted against FFP was because he believed clubs should be responsible for their own wage management. Admittedly it would also restrict a club spending shedloads of cash to leapfrog into the top 6, but surely that's coincidence..?