Err... Its more than just changing the name leh... Not
that simple...
Before in the old Division 1 time, they came under the control
of the Football League... When they change to the
Premier League... they formed a limited company to oversee their
own affairs... Meaning the 20 clubs now run their own affairs. They
are a breakaway league from the old Division 1 to 4 which came
under the Football League's control...
The Football League First Division, was well behind leagues such
as Italy's Serie A and Spain's La
Liga in attendances and revenues before the Premier League was
introduced...
The Premier League is operated as a corporation and is owned by
the 20 member clubs. Each club is a shareholder, with one vote each
on issues such as rule changes and contracts. Before this was not
the case... Now the clubs elect their own chairman, chief executive, and board of directors
to oversee the daily operations of the league.
They have commercial independence from the Football Association
and the Football League, giving the Premier League license to
negotiate its own broadcast
and sponsorship agreements. You could say they broke
away to take advantage
of the lucrative television rights deal. The argument
given at the time was that the extra income would allow English
clubs to compete with teams across Europe.
Since the change to the Premier League, clubs need to take
better care of their own financial affairs... Running a football
club was no long just something they had to do on the field only...
Off it is just as important too... We have seen some doing very
well in their marketing of their club brand and some very badly
even going bankrupt... While some have remain
stagnant...
Since the introduction of the Premier League, clubs are more
able to afford stadiums improvements and match attendance and
revenues has also risen...
So you see... Do not be confuse, It not just a name change that
simple...
