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Over the course of the previous ten (10) years this figure is in excess fob 400 million. The popularity of both Leagues are reflected in attendance figures, aided by cable television sparking match interest which approximated 27.8 million representing the highest level in thirty (30) years.

More importantly English League figures have showman 8.5% increase over the 2000 / 20001 season and has increased 35%since the 1992 Premier League formation. The Premier League is still setting records, with attendance increases for the sixth consecutive campaign, and an average of 34,324 fans coming to matches, a rise of1,500 over 2000 / 20001.

As one would imagine the First Division of the English Football League lead other Divisions in average stadium capacity recording 68% as compared against 47% for the Second Division and 42% for the Third Division. In spite of this 12 million seats remained empty. Cup attendance continued its upward trend by 12.2%.

C. Operating Costs

Increased attendance and additional television revenues are League bright spots (both the English and Premier), even in the face of a lack of parity. The costs of competing, however is another matter. To remain competitive or become competitive is the number one objective, and whenever too much demand chases after a limited number of players, the laws of supply and demand escalate. The major expense item negating operating profits is player salaries. During the 2000 / 2001 season twenty-seven (27) Clubs recorded Balance Sheets showing a negative.

Seventeen (17) Clubs filed reports showing operating insolvency during2003 / 2003 as a result of escalating wage costs. The competition for star players to create match day impacts and bolster attendance has proven to be a defeating proposition that the League has addressed by new regulations which limits Clubs to spend no more than 75% of their total revenues in this area.

Spiralling wage costs received a huge dose of sanity when the League’s TV Digital deal failed. These revenues were providing the Clubs with the needed extra budgetary room to close the gap between the League and the Premier Clubs. This development along with insolvency issues helped to bring about the wage cap (75%) modification to enable Clubs to get a grip on fiscal matters. With no new deals of the same financial magnitude to replace this lost revenue, the League consensus is that broadcast funds will remain flat, for now. And the damage, in terms of this lost revenue affects the lower ranked Clubs more as a result of their limited gate, merchandising and sponsorship opportunities, and Isa huge blow to financial stability.

In addition, the lower ranking Divisions will have difficulties in appealing to advertisers thus further widening the revenue disparity.

The pressure on the League and its Clubs to generate additional revenues is further exacerbated by the continued success of the Premier League in generating increased revenues, as well as the ability of its Clubs to obtain additional talent. And with the high wage costs for players in the Premier League, the added revenues from their cable deals a boon in aiding本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。