Wenger Warns of Potential Cash Crisis
English Premier League Football Club News : Arsene Wenger Warns of Potential Cash Crisis
A global recession will reduce earning at clubs belonging to English’s wealthy Premier League, Arsenal manager, Arsene Wenger said in a interview published on 18 October.
“Why should be Premier League be untouchable?” the Frenchman told the Official Arsenal Magazine.
“The recession means fans will have less money, the television companies will have less advertising revenue and that means that football will suffer.
“The next television deal (to broadcast matches) could be lower, it depends how much they are touched by it,” Wenger added.
The English Premier League is by far the riches in Europe, according to a report in August by Italian internet sports business company StageUp.
Many economists are forecasting a global recession during 2009. In a study into the proceeds garnered by the top European leagues the Premier League finished $1.35 billion ahead of Italy’s Serie A in second.
england’s top division earns $3.27 billion a year, according to StageUp.
Source: English Premier League football club news, Arsenal Manager, at Bangkok Post Sports, AFP news.