Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Premier League titans roar in boardroom, squeak on pitch

17 December 2015, 07:42

London - Untold riches will rain down upon the English Premier League in 2016, but for all their resources, the country's leading clubs currently seem incapable of staking claims to the title.

The record 5.14 billion ($7.72 billion, 7.06 billion euros) television rights deal due to kick in next year will reinforce the English top flight's status as European football's financial behemoth.

But champions Chelsea have imploded, Arsenal and Manchester City remain hit-and-miss and while Liverpool find their feet under Jurgen Klopp, Manchester United appear to be stagnating under Louis van Gaal.

It has fallen to Leicester City to make the early running in what former United captain Gary Neville has described as "the most bizarre league that I have seen in a long time".

The year's first financial shockwave arrived in February, when Sky and BT Sport agreed a new domestic TV rights package for 2016-2019 worth 70 percent more than the deal for the previous cycle.

Also Read: Man United facing striker shortage as EPL resumes

June brought news that record revenues of 3.26 billion for 2013-14 had enabled Premier League clubs to post pre-tax profits of 187 million -- the first since 1999.

Even before the new TV deal takes effect, Premier League sides have been carrying out essential housekeeping -- net debt across the league falling by six percent -- as well as splashing out in the transfer market.

Total spending across the close-season transfer window reached a record 870 million, according to financial analysts Deloitte, and spending for the calendar year pierced the 1 billion barrier.

City led the way, notably shelling out 55 million for Kevin De Bruyne, while United provoked gasps by signing the relatively unheralded Anthony Martial for a fee that could reportedly reach 58 million.

But it was the transfer dealings of the smaller clubs that revealed England's true financial might, from Xherdan Shaqiri leaving Inter Milan for Stoke City to Crystal Palace signing Yohan Cabaye.

All the while, the money continued to flow in -- United embarking upon a 750 million kit deal with Adidas; Chelsea striking a 200 million shirt sponsorship agreement with Yokohama Tyres; a Chinese consortium paying $400 million for a 13 percent stake in City.

'Tip of the iceberg'

The game's current megastars -- Lionel Messi, Cristiano Ronaldo, Neymar, Luis Suarez -- may play elsewhere, but several Premier League clubs now harbour feasible ambitions of luring them to England.

And with oversights TV rights also due to be renegotiated in 2016, the monster shows no sign of being sated.

"This new English contract will dominate the market," Bayern Munich chief executive Karl-Heinz Rummenigge predicted in September.

"We have just seen the tip of the iceberg. The transfer tsunami will increase in strength and height."

But while Europe's major clubs brace themselves for renewed raids from England, the season to date has eloquently demonstrated that money does not solve everything.

Also Read: Origi rescues ragged Liverpool

Chelsea, champions in May by an eight-point margin, have been sucked into a relegation battle after catastrophically losing nine of their first 16 games, creating a maelstrom of speculation about Jose Mourinho's future.

Doubts persist over Arsenal's backbone in spite of back-to-back FA Cup triumphs, while City have already lost four times in the league, including 4-1 drubbings by Liverpool and Tottenham Hotspur.

Van Gaal, meanwhile, is struggling to convince anyone that he is the man to restore United to the heights of the Alex Ferguson era amid reports of player dissent over the 20-time champions' robotic football.

United crashed out of the Champions League in the group phase and although City, Chelsea and Arsenal reached the last 16, there is little faith that England's four-year wait for European glory will end.

Tottenham, Palace, West Ham United, Everton, Stoke and promoted Watford have started the season well, but it is Leicester who have created the sensation.

Dogged and hard-working, Claudio Ranieri's team are the antithesis of Premier League glitz and in Jamie Vardy and Riyad Mahrez they boast an attacking duo who cost just 1.4 million between them.



Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...