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Peter Coates: 'Stoke City can compete with elite clubs'

Stoke City chairman Peter Coates believes that the financial power of the Premier League allows the club to compete with the world's biggest clubs.

Stoke City chairman Peter Coates has claimed that the club have the financial power to compete with the world's biggest clubs.

After securing a top-half finish last season, Mark Hughes has improved his squad once again with the likes of Ibrahim Afellay and Xherdan Shaqiri, who joined the Potters from Inter Milan for a club-record fee earlier this month.

Clubs that avoid relegation will receive a financial boost when a record TV deal kicks in next year, and Coates believes that the future is bright for Stoke.

"If Stoke City can stay up we get, roughly, an extra £40m - that's a huge chunk of money," he told BBC Radio Stoke.

"We've probably got a larger budget than most teams in Europe and we can compete with the world's top teams.

"If we can get the best players - they tend to follow the money - it shows you what a powerful league it is. It's a phenomena."

Stoke take on Norwich City at Carrow Road on Saturday.

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Norwich boss Alex Neil watches on intently as his team take on Sunderland on August 15, 2015
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Tables header RHS
TeamPWDLFAGDPTS
1Sunderland1594225111431
2Sheffield UnitedSheff Utd1510321971231
3Leeds UnitedLeeds158522491529
4Burnley157621861227
5West Bromwich AlbionWest Brom15672169725
6Watford158162322125
7Middlesbrough157352317624
8Millwall156541813523
9Blackburn RoversBlackburn156451917222
10Bristol City155732019122
11Swansea CitySwansea155461110119
12Derby CountyDerby155461919019
13Stoke CityStoke155461819-119
14Norwich CityNorwich154652322118
15Sheffield WednesdaySheff Weds155371725-818
16Oxford UnitedOxford Utd154561718-117
17Coventry CityCoventry154472021-116
18Plymouth ArgylePlymouth154471526-1116
19Hull City153661620-415
20Preston North EndPreston153661523-815
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22Cardiff CityCardiff154381423-915
23Portsmouth152671628-1212
24Queens Park RangersQPR151771225-1310


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