A survey of football finance directors across all English leagues by accountants PKF has found them cautiously optimistc about the coming season, even though less than a quarter of them expect their clubs to make a pre-tax profit. The percentage of clubs where wages account for 65 per cent or more of turnover increased from 17 per cent in 2008, to 25 per cent in 2009 and 38 per cent this year. However,
A survey of football finance directors across all English leagues by accountants PKF has found them cautiously optimistc about the coming season, even though less than a quarter of them expect their clubs to make a pre-tax profit. The percentage of clubs where wages account for 65 per cent or more of turnover increased from 17 per cent in 2008, to 25 per cent in 2009 and 38 per cent this year. However, wage increases are expected to be less steep in the coming season.