John Textor, co-owner of Crystal Palace, is unhappy with the financial rules of the Premier League. In his opinion, they are designed to keep the top clubs out of reach of those who do not have large incomes.
"It doesn't matter if you have a billion dollars, you're still not allowed to spend it. Obviously, these rules were created to prevent clubs that do not have large revenues from catching up with the rich. Financial fair play rules are a fraud if we talk about stability," said Textor.
As a reminder, financial fair play was approved in September 2009 to improve the financial stability of European club football and came into effect at the start of the 2010s.
Clubs have 3 main ways to earn money:
- Matchday revenues (ticket sales and spending by fans on matchday at the stadium and on the way to the match)
- Revenue from TV broadcasts.
- Commercial income (advertising, sponsorship contracts).
