6 championship clubs need bailout (5 Viewers)

[Sky Blue Harry H]

Sheer happenstance

Gadzooks. me doth think thou hast been transported from another era, sir!

 

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[skybluesam66]

I don't know where this myth of the club being self sustaining has come from. Fisher's probably only ever truthful comment has always been that we'd only ever be self sufficient if we have a fairly significant player sale or two every season.

Otherwise, we are entirely dependant on the owners.

why would we not include player sales in our self sufficiency calculation
if that is the business model - Develop players and sell them at a profit

I think we are still probably just short of self sufficiency, however the current model is sell high, replace, develop, sell

 

[Flying Fokker]

This probably isn't the thread for it, but I think, as much as people have frankly detested SISUs actions at times, their decision to make us relatively self-sustaining has been justified several times over during the past few months.

Maybe you’re right. It isn’t.

 

[Flying Fokker]

Poor old Mel, he only got £450m when he sold King (owners of Candy Crush) a few years ago...

Looking at this list of owners List of owners of English football clubs - Wikipedia he's not the only multi-multi-millionaire. You want a bail-out guys? Get to fuck.

Including is of course.

 

[fernandopartridge]

why would we not include player sales in our self sufficiency calculation
if that is the business model - Develop players and sell them at a profit

I think we are still probably just short of self sufficiency, however the current model is sell high, replace, develop, sell

Because it is unsustainable

 

[KenilworthSkyBlue]

why would we not include player sales in our self sufficiency calculation
if that is the business model - Develop players and sell them at a profit

I think we are still probably just short of self sufficiency, however the current model is sell high, replace, develop, sell

Because it's a completely unpredictable and unsustainable market and you can't rely on generating multiple player sales every season. Well, we certainly couldn't when we were in the doldrums prior to Robins' arrival and our players were worth next to nothing. Nowadays though, it's probably a model we can probably rely on more, especially with some of the players we currently have on our books.

 

[ovduk78]

On radio 5 on monday night football show they kept talking about wage restrictions being brought in for the championship just like l1 & l2. Is this part of the new proposals or was it already in the pipeline?

 

[It’sabatch87]

I'd imagine this is a couple of the big teams who are constantly pushing for the playoffs (e.g. Bristol City, Derby) and a couple of lower teams (e.g Wycombe.)

It won’t be Bristol City they are bankrolled by Steve Lansdown worth 2 billion.
He’s very frugral regarding spending money.

 

[Sky Blue Pete]

Or Brentford £30m for bemrama

 

[Sky Blue Harry H]

Or Huddersfield - about to sell karlan Grant for £17m and Kolongo? defender for about £3m

I bet Derby are struggling.

 

[Barnsley]

Rotherham will be one of them their chairman was ont SSN yesterday saying if the bailout wedge isn’t in the bank this month club will not be able to pay their bills.

 

[SlowerThanPlatt]

why would we not include player sales in our self sufficiency calculation
if that is the business model - Develop players and sell them at a profit

I think we are still probably just short of self sufficiency, however the current model is sell high, replace, develop, sell

The issue with this is that we’re now at a level where even our best players look average therefore won’t be being bought. It is why Fisher said the model wouldn’t work above League 1 (I think)

 

[covmark]

Poor old Mel, he only got £450m when he sold King (owners of Candy Crush) a few years ago...

Looking at this list of owners List of owners of English football clubs - Wikipedia he's not the only multi-multi-millionaire. You want a bail-out guys? Get to fuck.

Add the fact they decided to pay Rooney fuck knows how much. Fuck him.

Sent from my SM-G960F using Tapatalk

 

[derbyskyblue]

Add the fact they decided to pay Rooney fuck knows how much. Fuck him.

Sent from my SM-G960F using Tapatalk

couple of my derby mates say rooney is on 50k a week. Seems a lot for an old knacker.

 

[SlowerThanPlatt]

couple of my derby mates say rooney is on 50k a week. Seems a lot for an old knacker.

It’s being paid by the sponsor so they say

 

[derbyskyblue]

It’s being paid by the sponsor so they say

Every little helps i suppose...

 

[Grendel]

There's no reason for them to exist. Every contract should have a clause about wage reductions in the event of relegation.

Not really as Players would then insist on a clause to protect them by allowing a free transfer clause as well.

 

[ccfc1234]

Survival is critical this year. Just fear if we go down league one is going to get cut adrift. Clubs like us, Barnsley, Luton etc have spent wisely given the challenges of this year but others have been daft still. Kind of feels like they spend just expecting they will get bailed out

Reminds me of bankers attitude pre 2008. Let's gamble, if it goes well we can privatise and keeep the profit and if we screw up the public purse can bail us out.

 

[Magwitch]

Premier clubs have said they are not bailing out championship clubs who have recklessly over spent.

 

[CanadianCCFC]

If they need a bailout (as an alternative to going into admin) then they should be deducted points. Maybe 5 or 6 points or something if they need a bridging loan from the EFL against future TV revenue in order to pay off some player contracts.

Ok, so they could argue that they didn’t see the pandemic coming - but even so they should have trimmed their squads over the last 6 months. If CCFC, Luton, Barnsley etc. can break even on TV and advertising and shirt sales then other clubs should get in the real world and compete on equal terms.

Spot on

 

[Peter Billing Eyes]

Premier clubs have said they are not bailing out championship clubs who have recklessly over spent.

Half of the premiership be like

 

[Magwitch]

Apparently the average in the championship is clubs spending 107% of income on wages, then there’s the running of the club probably those who have done that and have made it to the Premier are the lucky ones but had better hope they stay there.

 

[SBAndy]

My thought process would be that the PL gives the EFL a pot of money for emergency bailout which can then be loaned (not given) to clubs in exchange for a points penalty depending on the amount. When EFL loans are in place, clubs are put under a transfer embargo and there could even be certain cost-cutting strings attached to adhere to before that embargo is lifted.

Make it a last resort option to avoid clubs taking the piss.

 

[Barnsley]

My thought process would be that the PL gives the EFL a pot of money for emergency bailout which can then be loaned (not given) to clubs in exchange for a points penalty depending on the amount. When EFL loans are in place, clubs are put under a transfer embargo and there could even be certain cost-cutting strings attached to adhere to before that embargo is lifted.

Make it a last resort option to avoid clubs taking the piss.

very sensible, so it’ll never happen.

 

[steve cooper]

If a bail out is to happen there has to be a formula and consequences for clubs needing / taking it. Imagine if a £50M pot was divided equally between a certain number of teams, for some it may still not be enough to save them. Say one club needed £10M of the pot to survive, can anyone imagine clubs that can manage without a bail out saying OK fair enough, they need it more than we do?

 

[chiefdave]

If a bail out is to happen there has to be a formula and consequences for clubs needing / taking it. Imagine if a £50M pot was divided equally between a certain number of teams, for some it may still not be enough to save them. Say one club needed £10M of the pot to survive, can anyone imagine clubs that can manage without a bail out saying OK fair enough, they need it more than we do?

Probably the simplest way is to ask clubs to put forward accounts showing what they have lost due to covid. You can't be bailing teams out because they decided to spend too much on wages or transfer fees.

Shouldn't be too hard for most clubs to show lost revenue and the costs that would normally be attached to those revenues. That would be my starting point.

 

[jordan210]

Should make the bail out voluntary on the basis if you need a bail out you get x amount of points deducted.

This would soon weed out the teams that want one rather than need.

 

[Colin Steins Smile]

There would need to be very careful implementation of any bailout to clubs, due to the current casino culture of some. Otherwise, those clubs could be continue to be more successful based on building even bigger deficits.
I would favour a direct points deduction for any club needing a bailout, as relying on football clubs to be open and transparent with their management accounts is akin to asking Putin if he favours fair elections.

 

[KenilworthSkyBlue]

Not really as Players would then insist on a clause to protect them by allowing a free transfer clause as well.

No they wouldn't because no club with half a brain would agree to that. It's pretty common for Premier League players to have clauses with relegation cuts in their contracts anyway. I think they usually range somewhat between 25% and 40% on average. Some are even higher.

 

[Liquid Gold]

It's not just a Championship thing. Big Mad Andy is screaming for a bailout while he goes ahead with building work

 

[fernandopartridge]

It's not just a Championship thing. Big Mad Andy is screaming for a bailout while he goes ahead with building work

It's Planning Permission, doesn't state that building work has commenced.

 

[Liquid Gold]

It's Planning Permission, doesn't state that building work has commenced.

But isn't it reasonable for the PL, EFL, FA or whatever to say that they're not going to pay for them to go on and build a new stand?

 

[fernandopartridge]

But isn't it reasonable for the PL, EFL, FA or whatever to say that they're not going to pay for them to go on and build a new stand?

It is, but it doesn't mean that any bailout is for spending on a new stand. There might be capital in place and contracts agreed for the construction already. It is not Andy Holt's fault that the government has banned fans from attending matches. No point in getting a club to burn through its cash reserves now as it just pushes the bailout back.

 

[steve cooper]

It's Planning Permission, doesn't state that building work has commenced.

To be honest if they have the finances in place to build the stand, that should be taken into consideration regarding a potential bail out for them. The building work has to commence within 5 years for the current permission to be valid. At the very least he should have kept any announcement low key, and stated that the stand will only be built if finances allow at some future date.

 

[steve cooper]

It is, but it doesn't mean that any bailout is for spending on a new stand. There might be capital in place and contracts agreed for the construction already. It is not Andy Holt's fault that the government has banned fans from attending matches. No point in getting a club to burn through its cash reserves now as it just pushes the bailout back.

I can't see any responsible organisation commiting to build contracts before planning permission is granted