Sunday 24 January 2010

It all adds up.....

This interview in today's Independent is a welcome piece of common sense from Charlton's very own Chairman Richard Murray.

At a time when many in the private sector are taking pay cuts as an alternative to losing their jobs, there seems to have been a deafening silence from the professional footballing fraternity. Instead the only noise is the rumour mill humming with speculation as to which of a whole host of clubs is likely to next go into administration. Portsmouth, Norwich, Crystal Palace, Charlton themselves perhaps?

The root of the problem in my mind is in the Premiership where wage inflation has reached ridiculous levels, fuelled by TV - and notably Sky - income. It would be one thing if clubs were actually making huge profits on the back of Sky's largesse but the opposite seems to be the case. Manchester United, not so much a football team more a global brand, struggle to service debts approaching £1/2bn. Talk is, come the summer, they may have to offload playing assets like Rooney or Vidic. And if Manchester United are struggling, what hope is there for the rest of the league.

Mr Murray, it seems, has the only solution.

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