Greg Campbell has hit back at a recent article in the Financial Times by Brentford’s Cliff Crown on the subject of the proposed football regulator. Campbell is a partner in Campbell Tickell, a management consultancy. He has written a code of governance for football clubs.
‘I was interested to read the opinion piece from Cliff Crown, chair of
Brentford Football Club (“Regulation must not stop football clubs that dare to
dream”, Pink ‘Un, February 4). However I believe there is more to the story.
While Brentford’s recent track record is impressive,
parachute payments (to clubs relegated from the Premiership to the
Championship) create a yo-yo effect instead of promoting competition. Clubs
like Southampton, Leicester, Burnley, Sheffield United, Norwich, Ipswich, West
Brom and not many others continually bounce up and down between the Premiership
and the Championship. The parachute payments system distorts competition and
makes it very hard for others to break through.
Plus the financing and funding model of English men’s
football is broken: the Premier League’s broadcasting deal brings in £3.19bn a
year. How is that money distributed? The football campaign group Fair Game
calculates that for every £1,000 from the deal, around £880 goes to Premier
League clubs; just over £70 to Championship clubs in receipt of parachute
payments and around £33 to Championship clubs not in receipt of parachute
payments.
The report concludes: “This falls to £6.22 for League One
clubs, and £4.15 for League Two clubs. National League clubs get 58p while it drops
to just 15p for National League North and South clubs.” Nearly every club in
the Championship now spends more money on players’ wages than it receives in
revenue.
And the vast majority of clubs rely on an owner-benefactor
just to survive: 58 per cent of clubs in the top 92 (ie the Premier League, the
Championship, and Leagues One and Two) are now technically insolvent. What we
see in football — but especially the men’s game — is the effective result of
self-regulation, ie no proper regulation at all.
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