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Post by Teddington Ted on Feb 22, 2021 14:36:06 GMT 1
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Post by tockyterrier on Feb 22, 2021 14:44:10 GMT 1
£8m a year interest is ok as long as they stay in top league getting £110m a year TV money. The fact they need it after being in that league for a while Brighton losing £130m+ since getting promoted and still fight relegation shows how we could never expect to compete effectively and suggests Southampton could be in big trouble if they do get relegated.
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goodbet
Andy Booth Terrier
Posts: 3,681
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Post by goodbet on Feb 22, 2021 15:41:55 GMT 1
We can see that no club can rely on any parachute payments anymore or is that just for us?
Who will get first dibs on the payments the owner or MSD Capital?
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Amigo
Jimmy Glazzard Terrier
Posts: 4,824
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Post by Amigo on Feb 22, 2021 15:55:28 GMT 1
It's stuff like this that surely makes people question a few things about how we're being run and in particular spending at the moment. It's alright saying we've got rid of X, Y and Z we should be able to buy buy buy now but it's not that simple.
For me the most important thing is the long term stability of the club especially in these times and whilst I completely agree staying up is a huge part of that I'm not sure it should be at any cost.
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Post by softboy on Feb 22, 2021 17:48:50 GMT 1
Seems quite a few clubs have now mortgaged their grounds which is even more worrying when you read these monies have been used to meet day to day running costs not for some form of investment.
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Post by hypotenuse on Feb 22, 2021 20:52:30 GMT 1
Almost 10% interest when the base rate is 0.1%
Definition of taking the piss.
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Post by impact on Feb 23, 2021 3:07:40 GMT 1
Almost 10% interest when the base rate is 0.1% Definition of taking the piss. More the definition of a high risk loan. |
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Post by harrychrishner on Feb 23, 2021 5:16:59 GMT 1
Another great article by David Conn. I really have enjoyed reading his stuff over the years. Here again are examples of football clubs being used as cash cows by international investment companies. Milk them dry and pass them on to the next investor who wants to take a gamble. The chinese takeover of Southampton showing that someone who had "the best interests of the club" in mind looking to sell again after a few short years. As soon as you read anything that mentions the Cayman Islands alarm bells start to go off. Despite the huge amounts of income from TV money the clubs still have one huge problem and that's players wages. With Derby paying their players late in December it shows what a tightrope some clubs are walking trying to keep afloat. With the pandemic still an ongoing problem and income for all clubs being strangled until the fans get back into the stadiums on a regular basis surely it's only a matter of time before some clubs go bust. Unless of course they want to pay that 10% interest rate and sell their souls to the devil.
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Post by Gold Coast Terrier on Feb 23, 2021 7:05:05 GMT 1
Almost 10% interest when the base rate is 0.1% Definition of taking the piss. Would you lend to these clubs for rates lower than this? I wouldn't. |
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Tinpot
Mental Health Support Group
I'm really tinpot
Posts: 22,075 
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Post by Tinpot on Feb 23, 2021 8:51:41 GMT 1
I blame advertising. Football shirts bearing the name of Wonga.com have influenced impressionable chairmen.
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Post by hypotenuse on Feb 23, 2021 12:03:40 GMT 1
Almost 10% interest when the base rate is 0.1% Definition of taking the piss. Would you lend to these clubs for rates lower than this? I wouldn't. Certainly to Prem clubs like Soton and Brighton, depending on what clauses are in the deal. Far worse goes on with Govt loans and funding - just look at, for example, Kids Company. |
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Post by Teddington Ted on Feb 23, 2021 12:06:10 GMT 1
Another great article by David Conn. I really have enjoyed reading his stuff over the years. Here again are examples of football clubs being used as cash cows by international investment companies. Milk them dry and pass them on to the next investor who wants to take a gamble. The chinese takeover of Southampton showing that someone who had "the best interests of the club" in mind looking to sell again after a few short years. As soon as you read anything that mentions the Cayman Islands alarm bells start to go off. Despite the huge amounts of income from TV money the clubs still have one huge problem and that's players wages. With Derby paying their players late in December it shows what a tightrope some clubs are walking trying to keep afloat. With the pandemic still an ongoing problem and income for all clubs being strangled until the fans get back into the stadiums on a regular basis surely it's only a matter of time before some clubs go bust. Unless of course they want to pay that 10% interest rate and sell their souls to the devil. David Conn is a fantastic journalist. He wrote about our stadium situation back in 2008 and his coverage of the Hillsborough inquest was relentless and second to none. I’m a Guardian reader but have long felt the Telegraph has the best sports section. I’d put David Conn as my favourite sports journalist though. |
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Post by themanfromatlantis on Feb 23, 2021 12:29:35 GMT 1
English football, or more specifically the PL...
Just one giant 'washing machine', the same spin cycles continue...
I'm sure I read a good piece about how the UK is essentially being sold off to foreign investors bit by bit (inc. local authority assets). It obviously covered much wider issues than football clubs, but provides an insight into how fecking shady big business really is, ulterior motives etc...
Just give me a football club to support, most will follow through thick and thin, so don't go selling your soul just to have 5 mins of fame and mortgage the future of the club...
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Post by HuddsTerrier on Feb 23, 2021 13:36:31 GMT 1
£8m a year interest is ok as long as they stay in top league getting £110m a year TV money. The fact they need it after being in that league for a while Brighton losing £130m+ since getting promoted and still fight relegation shows how we could never expect to compete effectively and suggests Southampton could be in big trouble if they do get relegated. It's insanity. I don't think there's ever been as much money in football but the more they get the more they pay players in wages. Apparently the average League Two player earns £2,191 a week or £114k a year! With one League Two player on £234k a year The average League One player gets £4,753 a week or £247k a year. With the top paid League One player on £15,600 a week or £811k a year www.manchestereveningnews.co.uk/sport/football/leaked-report-reveals-how-much-18169396In a world where the average wage in the UK is apparently £30k - www.gq-magazine.co.uk/article/average-uk-salary - it's pretty obvious that the revenues clubs bring in could support a professional team on regular wages Even more bizarre is the PL. Town earned more in each of there two seasons in the PL than Leicester did when they won the league. Yet Brighton who have had 4 years with that income have over spent massively ... for a pretty ordinary looking squad |
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Post by tockyterrier on Feb 23, 2021 13:45:13 GMT 1
£8m a year interest is ok as long as they stay in top league getting £110m a year TV money. The fact they need it after being in that league for a while Brighton losing £130m+ since getting promoted and still fight relegation shows how we could never expect to compete effectively and suggests Southampton could be in big trouble if they do get relegated. It's insanity. I don't think there's ever been as much money in football but the more they get the more they pay players in wages. Apparently the average League Two player earns £2,191 a week or £114k a year! With one League Two player on £234k a year The average League One player gets £4,753 a week or £247k a year. With the top paid League One player on £15,600 a week or £811k a year www.manchestereveningnews.co.uk/sport/football/leaked-report-reveals-how-much-18169396In a world where the average wage in the UK is apparently £30k - www.gq-magazine.co.uk/article/average-uk-salary - it's pretty obvious that the revenues clubs bring in could support a professional team on regular wages Even more bizarre is the PL. Town earned more in each of there two seasons in the PL than Leicester did when they won the league. Yet Brighton who have had 4 years with that income have over spent massively ... for a pretty ordinary looking squad Yep. Take Brighton and Newcastle bith went up with us. Both fighting relegation again after 4 years of spending more than they earn. The longer they stay in the Prem, the less players will accept contracts with big relegation pay cut clauses to move there. We can look at the prem and the top of championship at those that came down last year or year before and say why not us. But equally we can look at Stoke who struggled for 2 years after relegation and Sunderland, Blackburn, Wigan and Bolton. Chasing the dream can ruin the club. |
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Tinpot
Mental Health Support Group
I'm really tinpot
Posts: 22,075
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Post by Tinpot on Feb 23, 2021 14:02:35 GMT 1
£8m a year interest is ok as long as they stay in top league getting £110m a year TV money. The fact they need it after being in that league for a while Brighton losing £130m+ since getting promoted and still fight relegation shows how we could never expect to compete effectively and suggests Southampton could be in big trouble if they do get relegated. It's insanity. I don't think there's ever been as much money in football but the more they get the more they pay players in wages. Apparently the average League Two player earns £2,191 a week or £114k a year! With one League Two player on £234k a year The average League One player gets £4,753 a week or £247k a year. With the top paid League One player on £15,600 a week or £811k a year www.manchestereveningnews.co.uk/sport/football/leaked-report-reveals-how-much-18169396In a world where the average wage in the UK is apparently £30k - www.gq-magazine.co.uk/article/average-uk-salary - it's pretty obvious that the revenues clubs bring in could support a professional team on regular wages Even more bizarre is the PL. Town earned more in each of there two seasons in the PL than Leicester did when they won the league. Yet Brighton who have had 4 years with that income have over spent massively ... for a pretty ordinary looking squad I'm sceptical. Got a  or explanation? |
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Post by ilsonterrier on Feb 23, 2021 14:24:57 GMT 1
£8m a year interest is ok as long as they stay in top league getting £110m a year TV money. The fact they need it after being in that league for a while Brighton losing £130m+ since getting promoted and still fight relegation shows how we could never expect to compete effectively and suggests Southampton could be in big trouble if they do get relegated. It's insanity. I don't think there's ever been as much money in football but the more they get the more they pay players in wages. Apparently the average League Two player earns £2,191 a week or £114k a year! With one League Two player on £234k a year The average League One player gets £4,753 a week or £247k a year. With the top paid League One player on £15,600 a week or £811k a year www.manchestereveningnews.co.uk/sport/football/leaked-report-reveals-how-much-18169396In a world where the average wage in the UK is apparently £30k - www.gq-magazine.co.uk/article/average-uk-salary - it's pretty obvious that the revenues clubs bring in could support a professional team on regular wages Even more bizarre is the PL. Town earned more in each of there two seasons in the PL than Leicester did when they won the league. Yet Brighton who have had 4 years with that income have over spent massively ... for a pretty ordinary looking squad I know of someone who seemed to think that Mansfield were going to offer their son a contract worth £2000 a week on his 18th birthday. Seems the reason he wasn't offered a place in their academy when he finished school was that he didn't have the qualifications to do the level 3 course. He was in a professional club academy but was released at the age of 10 so it seems unlikely but they've always thought he was going to be a professional footballer and it's easier to say he didn't get the place because he didn't pass any GCSEs (which we all knew anyway) rather than the fact he wasn't good enough. They never did come back on his 18th birthday. |
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Post by themanfromatlantis on Feb 23, 2021 14:28:21 GMT 1
What's a wsdf Tinpot - I work in a world of acronyms, but that one's got me beat...
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Post by HuddsTerrier on Feb 23, 2021 17:20:30 GMT 1
It's insanity. I don't think there's ever been as much money in football but the more they get the more they pay players in wages. Apparently the average League Two player earns £2,191 a week or £114k a year! With one League Two player on £234k a year The average League One player gets £4,753 a week or £247k a year. With the top paid League One player on £15,600 a week or £811k a year www.manchestereveningnews.co.uk/sport/football/leaked-report-reveals-how-much-18169396In a world where the average wage in the UK is apparently £30k - www.gq-magazine.co.uk/article/average-uk-salary - it's pretty obvious that the revenues clubs bring in could support a professional team on regular wages Even more bizarre is the PL. Town earned more in each of there two seasons in the PL than Leicester did when they won the league. Yet Brighton who have had 4 years with that income have over spent massively ... for a pretty ordinary looking squad I'm sceptical. Got a or explanation? Here you go, taken from the Premier League website. Leciester prize money for winning the league £93.2m www.premierleague.com/news/60138The season Town came 16th we got £102.4m (nearly £10m more than Leicester did for winning the League) www.premierleague.com/news/691073The season we finished bottom we got £96.6m (£3.5m more than Leicester got when they won the League) www.premierleague.com/news/1225126 |
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Post by softboy on Feb 23, 2021 19:10:55 GMT 1
and all this has what to do with "Castles built on sand" - ?
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Post by richhtfc on Feb 23, 2021 19:19:12 GMT 1
and all this has what to do with "Castles built on sand" - ? An analogy for something that seems strong and secure but actually has weak and unstable foundations? Just a guess like... |
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Tinpot
Mental Health Support Group
I'm really tinpot
Posts: 22,075
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Post by Tinpot on Feb 23, 2021 22:08:21 GMT 1
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Post by canterburyterrier on Feb 23, 2021 22:17:03 GMT 1
There was a new TV contract in our first year in the Premier league so the prize money for where you finished in the league went up. However Leicester benefited by over £90 million from being in the Champions League the following year so was the prize money only £93 million or was it £180 million? |
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or explanation?