Showing posts with label Financial. Show all posts
Showing posts with label Financial. Show all posts

Monday, October 25, 2010

Financial Reality of the Premier League

Established in 1992, the Premier League in England has seen phenomenal growth despite its relatively young stint as a professional football league. It pioneered televised football that was still in its infancy. The Premier League was the replacement of the old First Division and is composed of 22 teams, which was eventually cut back to 20.

Financially, the English Premier League is at the top of its class. Sponsored by Barclays Bank, this association was a recipient of the Queen's Award for Enterprise in the category for International Trade. The League recorded second of its highest revenue so far in 2007-08 season when it reached a raise of 20% to £1.93 billion in total profits alone. More than half of total number of teams achieved profit in the same year. The average salary of a regular player is about £676,000 per annum, on top of bonuses. However, clubs in the league today are experiencing financial challenges primarily due to huge bills for the players, as well as massive transfer fees for player acquisitions. In fact, several teams in the league are in tight financial spot right now, a situation that may negatively impact the league significantly if left unattended for long.

Real financial situation

Although considered to be the richest football league after its last season run which netted a total of up to £2bn, the entire league is actually struggling to survive due to overwhelming wage bill for players alone. Player salaries of the entire league reached as high as £1.3bn and are still expected to rise during the next season. Many clubs are left with nothing in terms of operating profits, putting them in a serious financial constraint. During the 2007-08 season alone, a number of clubs claimed financial loss although the league reached a new record high in profits. This means that a majority of clubs in the league are absorbing losses year in year out for several seasons now, without any sign of recovery.

Such sad situation demands immediate action, prompting league officials to act swiftly to save the league, clubs, and the players from more financial pressures. There is now ruling within the league that bars teams from spending on player acquisitions, transfers, and wages if they cannot earn it from their own revenue. They have to earn first, and then use their net profit to sign contracts for their players. Such act is seen by many to be disadvantageous for some ailing clubs, while at the same time, a good one for those clubs that has huge fan following and huge revenue reserves. Whatever the case maybe, the "spending what you are earning" policy will hold its ground in the coming seasons and is seen as the only way to redeem the Premier League from sinking in the future.

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Friday, September 3, 2010

Soccer Skills - Practice Makes Perfect

Call it soccer, football, footie or any other name it is known by. It's a popular team sport that's practiced around the world by toddlers to grown men, men and women alike. In fact, it's the most popular team sport in the world. It's a game played informally by the neighborhood kids, an extracurricular sport in schools and professional soccer players rake in just as much income as American football players. Soccer skills can be learned by anyone.

There are a few basic skills needed to play the game, many of which are started at an early age. The most important soccer skill is communication with your teammates. Listening and talking to team mates while on the field keeps you informed as to what is going on around you and where you should be going. Just as important as communication, knowing the rules of the game is key as well. Teams are usually made up of eleven members, but may only have seven people. The only person that is allowed to touch the ball with their hands is the goal keeper.

A great soccer skill to know is passing. When to give up the ball and allow other team mates opportunity to drive and maneuver the ball. Learning how to receive a passed ball is an important skill too. Key to the game is shooting the ball, or kicking the ball to make a goal. There are a few different ways to shoot the ball. You can do an instep drive, a swerve, and a full volley or if you are really good a flying volley. Dribbling is a diversionary soccer tactic meant to confuse your opponent. It's a misdirection move, making them think you are aiming for one direction when you intend to kick in the other. This requires practice, patience and balance. Heading is using your head to move the ball instead of your feet. Like the other skills, it may take some time to learn how to do this properly, but the end result is a great way of gaining control of the ball with it is in the air. If your position is that of the goalie, you will need throwing skills as well as the others already listed. There are many ways you can throw the ball back into play for your teammate depending on the situation.

Developing your soccer skills will take time and plenty of practice. You can expect to practice your basics every day in order to master them. You should practice alone and with your teammates, under the direction of your coach or just with simple messing around. Search the internet to find drills you can use and videos to learn new techniques and tricks to improve your game. In time, you will be shooting goals, passing like a pro and dribbling with ease and confidence. Should be ever have a question about your skills, talk to your coach and he or she can help you with the answer.

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