Football match inflation 'turning fans away'
The cost of attending a football match has gone up by 21 per cent in the past three months, Virgin Money claimed today.According to the financial firm's latest Football Fans' Inflation Index, the typical supporter now spends £106.21 to see his or her team - the first time ever that the £100 barrier has been breached."Fans' Inflation" also stands far above the government's own general inflation rate of 4.4 per cent.Virgin Money's Scott Mowbray said: "Football often seems immune to the real world existing on its own Planet Football where there is always money for player transfers and salaries and the cash keeps on flowing from TV and sponsorship deals."However fans do have to live in the real world and the past year has seen severe pressure on people's finances from rising mortgage costs, fuel prices and food bills. But with merchandise and rail fares also on the rise something has to give and obviously keeping a roof over your head and keeping your house warm outranks going to football matches."Arsenal, Stoke and Bolton fans were found to be among the supporters who were least affected by the recent price rises in matchgoing.However, West Ham and Newcastle were the two teams whose supporters were hit the hardest.
Share this..
Related stories
Unemployment hits the young in the UK
Official statistics from the UK government show that one in three people aged between 16 and 18 are now out of work as a consequence of the UK recession. Even though the figure of 2.44 million unemployed in the UK has been a hammer blow to the economy, the growing number of youngsters out of work does not bode well for future.
While the rate of unemployment varies significantly arou...
Co-op fails Bank of England “Stress Test”
16/12/2014 The Co-op bank has failed a stress test conducted by the Bank of England (BoE). HSBC, Barclays, Santander, Standard Chartered and Nationwide all passed and Lloyds Banking Group and Royal Bank of Scotland were found to be at risk in the event of a "severe economic downturn". The test was given by the Prudential Regulation Authority (PRA), which is part of the BoE. It was designed t...
Read MoreLord Mandelson launches ferocious attack on George Osborne
Lord Mandelson, who is basically an unelected member of the UK government, has today come out fighting on behalf of the Labour Party suggesting that the UK financial sector does not want George Osborne as the next Chancellor of the Exchequer. He is suggesting that the vast majority of investors in the UK believe that George Osborne is the weak link in the Conservative party and more interested in...
Read MoreUS authorities desperate to support the dollar
Ben Bernanke, the Federal Reserve chairman, has this evening thrown his support behind the US currency in a rare vote of confidence from the Federal Reserve. The US government appears desperate to support the greenback which has now fallen to a 15 month low on the currency exchanges and is under constant pressure. While would expect the Federal Reserve to comment upon the currency at regular inter...
Read MoreAlistair Darling defends Gordon Brown over G20
Alistair Darling has come to the defence of Gordon Brown with opponents suggesting that his much acclaimed tax deal with G20 members is in fact something of a sham. It has been claimed by the Tory party that the deal which Gordon Brown announced on Friday is in fact nothing more than a discussion paper where the situation has been outlined in detail. It looks as though the devil is in the detail a...
Read More