Earning money | Other elements FM 2014 Guide

Last update: 11 May 2016

Proper money management is a very important part of managing a team, especially in clubs that don't have multi-million budget. Here's a few ways to earn money.

1. Arranging friendlies

Playing friendly matches between rounds is not only a great way to test your strategy and keep your players fit but also a great way to earn money, especially for smaller clubs. Away matches are the best for this but the board might not agree for very long trips.

2. Cut wages back

Take a look at your reserves and juniors, perhaps somebody earns too much. Or maybe you have a displeased "star" in your first team? Sell them as soon as possible and loan your juniors. You'll get money for transfer and you won't have to pay your juniors who will gain experience.

3. Find a parent club

Finding a parent club is a very good way to get an injection of money every year. To do it go to Boardroom and choose a proper option in contract options. A parent club, aside from giving you money, lets you borrow their players that aren't in their first team without paying them 100% of their wages.

4. Fight for cups

Don't ignore matches with weak opponents and cup competitions, though they often aren't as important as the league for you. Cup victories or just getting as far as possible in competitions will give you quite a lot of money. If you manage to be good in the Champions League, you'll get a really impressive reward so use your best squad for European championships.

5. Get players with no contracts or agents

Searching for players that aren't currently in any club is a great way to improve your team while saving money. You don't have to pay any fee and you can get to contract negotiations. You'll save even more if the player doesn't have an agent. If you count every penny, you can save lots of money.

6. Take a look at your coaching staff

Perhaps your club has too many coaches or physiotherapists. Leave only those who are really needed and responsible for something. The rest isn't useful and you can fire them. See if you need many scouts and physiotherapists because some of them don't do anything and you have to pay them anyway.

7. Be careful extending contracts

Every year, some players' contracts will expire. If you want to extend them, be careful because most players will demand a rise. There's nothing wrong about it but remember not to agree to the initial conditions - always try to negotiate. You'll save a noticeable amount of money.