Quote:
Originally Posted by L'abstrait
Thx Nodo! your report seems to make a lot of sense to me. Do you know why the champions league was cancelled? Is it because of the economy?
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Yes, champions league was cancelled because of economy. There has also been reports that team received their money from the first season late and there we're difficulties with the payments.
Espoo Blues's coach told the Finnish media today that he isn't expecting any additional player to leave the team at this point (the players were released to seek new contract in June).
Just to clarify the situation a bit more, Espoo Blues had budget of approximately 7.0 million Euro last season. The team has generated losses each season, with 3.3 million last season and 3.1 and 2.6 million in the previous two seaons (all figures in Euro).
The budget is fourth highest in 13 team league, with highest budget at 8.4 and two other teams at 7.1 million. The losses are by far the largest (although there could be some revenues could be allocated to the mother company, and the payments from the mother company are not included in the loss shown by Espoo Blues).