Several EFL Clubs “days away from going bust” (1 Viewer)

Liquid Gold · Apr 16, 2020

Last data I can find says our average weekly wage was £1,657 or £7,180 per month. £5,385 after the pay cut and £2,885 after the furlough scheme.

We’re paying 40% of our normal player salaries, none of our admin costs or anything else. It should have been budgeted for from the summer. Any club that is in trouble from here was on the edge anyway.

Magwitch · Apr 16, 2020

Apparently Fleetwood are paying out £128 in wages for every £100 of income anyone know what we pay per £100 of income?

Skybluefaz · Apr 16, 2020

Magwitch said:
Apparently Fleetwood are paying out £128 in wages for every £100 of income anyone know what we pay per £100 of income?

£99 handbags for Joy, £1 in wages

fernandopartridge · Apr 16, 2020

Magwitch said:
Apparently Fleetwood are paying out £128 in wages for every £100 of income anyone know what we pay per £100 of income?

Turnover excluding transfer income: £6,262,072
Wages: £5,321,615

£84.98 for every £100 of income.

fernandopartridge · Apr 16, 2020

It'll be higher this season I imagine as our turnover will be lower.

Brylowes · Apr 16, 2020

Liquid Gold said:
Last data I can find says our average weekly wage was £1,657 or £7,180 per month. £5,385 after the pay cut and £2,885 after the furlough scheme.

We’re paying 40% of our normal player salaries, none of our admin costs or anything else. It should have been budgeted for from the summer. Any club that is in trouble from here was on the edge anyway.

I thought it was the club paying 20% and the Government Furlough scheme the other 80%
Or have I misunderstood what you’re saying.

Frank Sidebottom · Apr 16, 2020

Brylowes said:
I thought it was the club paying 20% and the Government Furlough scheme the other 80%
Or have I misunderstood what you’re saying.

The Government will only pay 80% upto £2500 per MONTH. So if we have players on £1500 a week (as an example) the club will be paying them £3500 a month.

mark_ccfc · Apr 16, 2020

As far as I understand it if you go on furlough, thats all you get, your employer doesn't pay you anything.

Nick · Apr 16, 2020

mark_ccfc said:
As far as I understand it if you go on furlough, thats all you get, your employer doesn't pay you anything.

You do if they top it up

chiefdave · Apr 16, 2020

mark_ccfc said:
As far as I understand it if you go on furlough, thats all you get, your employer doesn't pay you anything.

Its up to the employers. for most people agreeing to furlough means a change of employment terms so employers can say you will only get the 80% and realistically you have no choice other than to accept.

Gov Website said:
You can choose to top up your employee’s salary, but you do not have to.

Paxman II · Apr 16, 2020

SlowerThanPlatt said:
The average wage at CCFC wouldn’t be more than that I think

You kidding? It's per month not week!

Brylowes · Apr 16, 2020

Timperley said:
The Government will only pay 80% upto £2500 per MONTH. So if we have players on £1500 a week (as an example) the club will be paying them £3500 a month.

The club aren’t obliged to pay anything ‘I don’t think.

Liquid Gold · Apr 16, 2020

Brylowes said:
The club aren’t obliged to pay anything ‘I don’t think.

But they are. Not a single player, coaching staff, back room person, physio, admin, ticket office are losing and money. The club is paying everybody their full whack and should be commended for it.

Paxman II · Apr 16, 2020

If you take the squad of first team players and extrapulate the first team, then if we assume their average wage is more than likely £1500/2000 a week. Players like Godden and others at the higher end of that. That is 8k a month. Government furlough scheme pays just 80% of wages up to a limit of £2500 per month.
So the club will be claiming the full £2500 under the scheme, and as they said would be making up the difference. That means a player on 2k a week (8k per month) is having 5.5k made up by the club.

How true this is I'm not sure. I would be surprised if the club did not ask the top earners in the first team squad to defer some of their wages.

Liquid Gold · Apr 16, 2020

Looks like if London W*sps are in more trouble because of this (they are) there isn't going to be any help from the RFU.

RFU faces new multimillion losses if international rugby scrapped for 2020

Frank Sidebottom · Apr 16, 2020

Brylowes said:
The club aren’t obliged to pay anything ‘I don’t think.

No they're not, But they are.... for the time being at least.

Flying Fokker · Apr 16, 2020

Paxman II said:
If you take the squad of first team players and extrapulate the first team, then if we assume their average wage is more than likely £1500/2000 a week. Players like Godden and others at the higher end of that. That is 8k a month. Government furlough scheme pays just 80% of wages up to a limit of £2500 per month.
So the club will be claiming the full £2500 under the scheme, and as they said would be making up the difference. That means a player on 2k a week (8k per month) is having 5.5k made up by the club.

How true this is I'm not sure. I would be surprised if the club did not ask the top earners in the first team squad to defer some of their wages.

And also send some forget-me-nots to Mr Eastwood. This bloody virus may clear their heads a bit. There is no point in signing anything until they get the crowds back but wouldn’t it be great if the restart was back in Coventry?

I know the legals are going on and the wheels of European Courts has fallen off.

St Andrews will be busy If there is a restart. 10 games.

Sky_Blue_Dreamer · Apr 16, 2020

mark_ccfc said:
As far as I understand it if you go on furlough, thats all you get, your employer doesn't pay you anything.

Ask Grendel - he's the furlough expert....

*but as someone said, an employer can choose to top up the wages if they want. They're not obliged to but they aren't banned from doing it either.. Plus if an employee earns more than the £2.5k per month the employer can choose to top it up to as much as their normal earnings - they're not restricted to 20%

Grendel · Apr 16, 2020

Sky_Blue_Dreamer said:
Ask Grendel - he's the furlough expert....

*but as someone said, an employer can choose to top up the wages if they want. They're not obliged to but they aren't banned from doing it either.. Plus if an employee earns more than the £2.5k per month the employer can choose to top it up to as much as their normal earnings - they're not restricted to 20%

Oh dear. Of course you are paid by the employer and in JLR and indeed CCFc the staff are paid as normal

fernandopartridge · Apr 16, 2020

Grendel said:
Oh dear. Of course you are paid by the employer and in JLR and indeed CCFc the staff are paid as normal

Unbelievable that somebody would somehow expect the gov to pay money directly into individual's bank accounts.
Of course it goes through the employer as they're the gov agent for collecting income tax and they pay the employees.

hill83 · Apr 16, 2020

I thought Boris came round your house with a brown envelope?

Several EFL Clubs “days away from going bust” (1 Viewer)

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