15 May 2020 - 4:54 PM
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PA Images | Blackburn Rovers top the list as the club in Europe with the highest average wages-to-revenue ratio based on the last three annual reports. It stands at 158 per cent. Pictured is Blackburn Rovers' Darragh Lenihan (centre) celebrating scoring his side's first goal of the game during the Sky Bet Championship match at Ewood Park, Blackburn against Hull City on the 11th of February earlier this year.
Interview: Lenders willing to back clubs - but you'd probably have to change your business model
- Clubs all over Europe are talking to financial institutions about their needs for liquidity in the current market. But talks will be fruitless if clubs don't show a serious commitment to change.
- Future transfer income could be seen as a credible, even major part of a club's business, but forget all about promotion as part of the budget, says a former Fitch Ratings managing director.
- Financial institutions can't provide funding if essential branches of clubs' revenue streams are unreliable. Therefore, leagues are in a hurry to decide on a post-coronavirus strategy, one which will see broadcasting income guaranteed.
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