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200 Million pounds loss for EFL


Curtains
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11 minutes ago, Curtains said:

With no fans back in stadium.

Just heard this on SSN .

They will need government help for sure 

Should the government help football clubs and let other businesses collapse?

Are they really going to give a club like Derby financial help after we have just signed a player for £3.6m and have players on over a £1m a year? 

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Figure sounds accurate

So like any business with catastrophic fall in sales .... 

either Or any of the following apply

1) clubs go bust

2) costs (In reality this means player wages) get slashed beyond recognition

3) someone finds a money tree

4) P and S rules Become unworkable as everyone is in breach 

 


 

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2 minutes ago, sage said:

Should the government help football clubs and let other businesses collapse?

Are they really going to give a club like Derby financial help after we have just signed a player for £3.6m and have players on over a £1m a year? 

Football clubs in the EFL rely on money each season from the EFL via TV money and Premier League money etc. 

The EFL are asking for help as are the Premier League. 

The government may or may not help. 

Either way it’s going to be a very serious issue . 
 

I don’t understand the whole thing but Oliver Dowden has had meetings with 8 sports groups today about the no fans issue and that included the EFL and Premier League. 

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5 minutes ago, Tyler Durden said:

Think there's far more fitting uses of the governments bail out fund way, way before football clubs.

The massive number of people ineligible for furlough due to falling foul of a nominal cut off date or the self employed earning a penny over 50 grand immediately spring to mind.

But on the other hand, it's their ability to lift the mood of people across the country. The government may be willing to pay to keep public mood positive over winter. 

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6 minutes ago, Tyler Durden said:

Think there's far more fitting uses of the governments bail out fund way, way before football clubs.

The massive number of people ineligible for furlough due to falling foul of a nominal cut off date or the self employed earning a penny over 50 grand immediately spring to mind.

Agree

Football authorities and clubs at higher levels need to help themselves more before government bail ins are seriously considered I.m.h.o

Grass roots help is more worthy of discussion because it’s heavily reliant on gate receipts, matchday revenue and player sales to survive. Many from division one down will struggle and are probably not paying exorbitant salaries. 

This virus may mean a reset of financial packages throughout the game and certain other sports, which despite the circumstances is perhaps not a bad thing. The largesse of top flight salaries many struggle to earn in a lifetime and such as agents draining clubs has tainted a fair few fans views of the game of late, about time the game lived within its means and stopped this ridiculous buying glory “debt trap”.

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Just now, Zag zig said:

Agree

Football authorities and clubs at higher levels need to help themselves more before government bail ins are seriously considered I.m.h.o

Grass roots help is more worthy of discussion because it’s heavily reliant on gate receipts, matchday revenue and player sales to survive. Many from division one down will struggle and are probably not paying exorbitant salaries. 

This virus may mean a reset of financial packages throughout the game and certain other sports, which despite the circumstances is perhaps not a bad thing. The largesse of top flight salaries many struggle to earn in a lifetime and such as agents draining clubs has tainted a fair few fans views of the game of late, about time the game lived within its means and stopped this ridiculous buying glory “debt trap”.

If every player in the top 2 divisions, gave up 10% of what they earn over £10k a week to the bottom 2 divisions, it would get them through this season. That obviously won't happen but if they aren't prepared do do that then why should the taxpayer help?

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5 minutes ago, Curtains said:

It appears that the issue regarding no fans in Stadiums is more about outside the grounds regarding groups of people etc 

Apparently the government has asked the various leagues for financial forecast of losses from no fans until next season starts.

I think we're looking at another year to attend games, which will be catastrophic for professional sport in this country.

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1 minute ago, sage said:

If every player in the top 2 divisions, gave up 10% of what they earn over £10k a week to the bottom 2 divisions, it would get them through this season. That obviously won't happen but if they aren't prepared do do that then why should the taxpayer help?

Maybe the government could let them give up 10% pre tax, and not tax the resultant pot?

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3 minutes ago, sage said:

If every player in the top 2 divisions, gave up 10% of what they earn over £10k a week to the bottom 2 divisions, it would get them through this season. That obviously won't happen but if they aren't prepared do do that then why should the taxpayer help?

Let’s not forget semi pro down to tier 7. Football has had more than enough money to help grass roots, only the spending on transfers, associated fees and wages, along with EFL incompetence of ownership vetting has led to current problems.

The game lower down should be a lot more financially stable, but it’s not because of the pursuit of glory or status at serious cost, at higher levels has put it in jeopardy. Selling players is like a lottery win if you have a gem, but not every club gets lucky.

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19 minutes ago, reverendo de duivel said:

Apparently the government has asked the various leagues for financial forecast of losses from no fans until next season starts.

I think we're looking at another year to attend games, which will be catastrophic for professional sport in this country.

They should include how much they will spend on pointless appeals

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