Luton Town CEO: Championship financial "mad house" unaffordable
18 December 2019
Gary Sweet thinks it is nonsensical to enforce a rule that effectively tells clubs that if they lose £13 million every year, they've done well.
"I'm grounded in a business school that says you've got to make a profit," said the CEO.
Chief Executive Gary Sweet says Luton Town cannot compete financially in the Championship "mad house" and wants a salary cap enforced across the division.
"We've got a situation where the rules say you're allowed to lose £39 million over three years," Sweet told BBC Look East.
He thinks it is nonsensical to enforce a rule that effectively tells clubs that if they lose only £13 million every year, they've done well.
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