TheresOnlyWanChope Posted August 12, 2020 Share Posted August 12, 2020 28 minutes ago, jono said: But businesses face the same issues every day .. if a clothing company makes a range that doesn't sell, or a car company invests a fortune in a lemon that no one takes to, or has the wrong engine and taxation puts the punters off. The values crash, they lose money. Business history is littered with names that were "relegated" I don’t think it’s quite the same. Promotion to the premier league is financially worth what compared to championship? Several times increase in money? Additionally, football clubs are often established parts of the community that employ lots of people and that involve local businesses and partnerships so many people have a vested interest in a club’s performance on the field ultimately. What happens if owners are allowed to spend infinitely on players on long contracts, then just leave? Link to comment Share on other sites More sharing options...
B4ev6is Posted August 12, 2020 Share Posted August 12, 2020 Well I for one think mel played clever move here with the loan yes 30m some of it be made avaible weal and deal with it get players in but also mixed with our young players. Link to comment Share on other sites More sharing options...
jono Posted August 12, 2020 Share Posted August 12, 2020 15 minutes ago, Ghost of Clough said: Championship clubs already receive about £5m per season from the Premier League. L1 clubs get just under £1m, and L2 clubs about £0.5m. About the wages of one above average PL player I suppose, not exactly generous is it ? Yet the desire to be PL that gives it so much glamour. Link to comment Share on other sites More sharing options...
jono Posted August 12, 2020 Share Posted August 12, 2020 17 minutes ago, Theres’s Only Wan Chope said: I don’t think it’s quite the same. Promotion to the premier league is financially worth what compared to championship? Several times increase in money? Additionally, football clubs are often established parts of the community that employ lots of people and that involve local businesses and partnerships so many people have a vested interest in a club’s performance on the field ultimately. What happens if owners are allowed to spend infinitely on players on long contracts, then just leave? The club might fail .. just as a car maker fails and all the subcontractors and customers take a hit. Rover ? Link to comment Share on other sites More sharing options...
SECornerRAM Posted August 12, 2020 Share Posted August 12, 2020 2 hours ago, Theres’s Only Wan Chope said: What system could there be? There needs to be something to prevent overspending and mismanagement. Or at least make it harder for clubs to go bust. like Simon Jordan says clubs will instantly be run better if the owners are responsible for underwriting debt associated to the club Link to comment Share on other sites More sharing options...
hintonsboots Posted August 12, 2020 Share Posted August 12, 2020 31 minutes ago, B4ev6is said: Well I for one think mel played clever move here with the loan yes 30m some of it be made avaible weal and deal with it get players in but also mixed with our young players. Chris Weale? Link to comment Share on other sites More sharing options...
richinspain Posted August 12, 2020 Share Posted August 12, 2020 1 hour ago, Ghost of Clough said: Championship clubs already receive about £5m per season from the Premier League. L1 clubs get just under £1m, and L2 clubs about £0.5m. So £6.5million split between 72(?) clubs. Yuhuuuuuu Link to comment Share on other sites More sharing options...
Ghost of Clough Posted August 12, 2020 Share Posted August 12, 2020 Just now, richinspain said: So £6.5million split between 72(?) clubs. Yuhuuuuuu More than £100m between the 72. The 18/19 season... Championship: £4.65m per club League 1: £0.7m per club League 2: £0.5m per club Link to comment Share on other sites More sharing options...
BucksRam Posted August 12, 2020 Share Posted August 12, 2020 1 hour ago, jono said: About the wages of one above average PL player I suppose, not exactly generous is it ? Yet the desire to be PL that gives it so much glamour. That's why the PL is such a carrot for all clubs. Watford, a team I have followed for decades (I live not far from there) will come down to join us with a £90m parachute payment (split over 3 years). OK their revenue will drop massively but they'll bank £40m straight away, plus whatever they get for Sarr (asking £40m+), plus whatever else they get fir anyone else they sell, i.e. our Will. Link to comment Share on other sites More sharing options...
BucksRam Posted August 12, 2020 Share Posted August 12, 2020 8 minutes ago, Ghost of Clough said: More than £100m between the 72. The 18/19 season... Championship: £4.65m per club League 1: £0.7m per club League 2: £0.5m per club I clocked that but didn't want to highlight it ? Link to comment Share on other sites More sharing options...
Shuff264 Posted August 12, 2020 Share Posted August 12, 2020 22 minutes ago, Ghost of Clough said: More than £100m between the 72. The 18/19 season... Championship: £4.65m per club League 1: £0.7m per club League 2: £0.5m per club In the 18/19 £265m was split between 8 teams in parachute payments The question is less about the amount and more about distribution Link to comment Share on other sites More sharing options...
gccrowdpleaser Posted August 12, 2020 Share Posted August 12, 2020 You have to feel that a conclusion has been reached on the EFL charge for this to be going through now. It's a loan so it's at Mel's risk but I can't see it would work at that value for either party if we had a 12 point deduction. Link to comment Share on other sites More sharing options...
Rammy03 Posted August 12, 2020 Share Posted August 12, 2020 Could it be announced at 7pm today? Link to comment Share on other sites More sharing options...
IslandExile Posted August 12, 2020 Share Posted August 12, 2020 30 minutes ago, Rammy03 said: Could it be announced at 7pm today? Possible. Is 4:15 next Tuesday equally possible? Link to comment Share on other sites More sharing options...
TigerTedd Posted August 12, 2020 Share Posted August 12, 2020 39 minutes ago, IslandExile said: Possible. Is 4:15 next Tuesday equally possible? In an infinite multiverse, anything is possible. Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted August 12, 2020 Share Posted August 12, 2020 I still have a nagging feeling we'll get humped by this. Link to comment Share on other sites More sharing options...
europia Posted August 12, 2020 Share Posted August 12, 2020 5 hours ago, jono said: But businesses face the same issues every day .. if a clothing company makes a range that doesn't sell, or a car company invests a fortune in a lemon that no one takes to, or has the wrong engine and taxation puts the punters off. The values crash, they lose money. Business history is littered with names that were "relegated" Yes absolutely. Most successful businesses are well managed. It's only my perception, but I would think the majority of football clubs are poorly managed financially (look at the situation DCFC are in....). Most PL and a lot of championship clubs seem unable to accept that the business model is unsustainable (nothing to do with Covid-19). SKY are desperate to keep a grip on live footy, so they pay more for the product than it's worth. The clubs get more money every time the rights are up for renewal, with no improvement in the quality of the goods. The clubs then go out and spaff more money on excessive transfer fees and increasing player wages. It's quite clear that top flight players are grossly overpaid, but no one is willing to address the issue. It's a ticking time bomb. Link to comment Share on other sites More sharing options...
WystonRam Posted August 12, 2020 Share Posted August 12, 2020 Anyone know how we can secure a £30m loan against a stadium we don’t own ? Link to comment Share on other sites More sharing options...
rammieib Posted August 12, 2020 Share Posted August 12, 2020 6 hours ago, jono said: But businesses face the same issues every day .. if a clothing company makes a range that doesn't sell, or a car company invests a fortune in a lemon that no one takes to, or has the wrong engine and taxation puts the punters off. The values crash, they lose money. Business history is littered with names that were "relegated" But football clubs are toys of leisure for rich people who make their money in proper businesses. A football club to a rich man is like a play station to a kid. Link to comment Share on other sites More sharing options...
Spanish Posted August 12, 2020 Share Posted August 12, 2020 7 minutes ago, WystonRam said: Anyone know how we can secure a £30m loan against a stadium we don’t own ? The stadium isn’t part of the land secured again at the loan Link to comment Share on other sites More sharing options...
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