Player Wages and Ticket Prices Soar
In the same period, the research by the ‘High Pay Centre’ showed the cheapest available ticket for matches has increased by more than 1,000% since 1989.
The report included examples of cheapest tickets, back in 1989 it was £4 to watch Liverpool in 1989 but now costs £45 and at Arsenal it has gone from £5 to £51.
At Newcastle back in 1989 I think it was no more than £4 to watch from the terraces and around £6 for the cheapest seats. Prices also rocketed for us but in recent years they had stabilised and now of course with the price banding you can tickets for the likes of the upcoming Villa match from only £27, the ‘only’ is of course in the context of Premier League football where the whole finance angle is ridiculous – both in terms of ever increasing player wages and the cost of watching them.
Plus of course if you are a season ticket holder you’ve had the price freeze option available the past two years.
The study also detailed the fact that English clubs accounted for 56% of all debt in top flight clubs across Europe, while over half of English league clubs have basically been insolvent in the past 20 years.
Dave Boyle, author of the report, said: “We have witnessed many fans priced out of the market, levels of debt that would be unsustainable in any other business and a national team that is continually out-performed by teams from much poorer football countries”.
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