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Premier League officially postponed until 17th of June

SUIYHA

Well-Known Member
Jan 15, 2017
1,723
8,579
They’ll have to start selling players. Won’t run out of money then if they do that. They won’t be the only ones in this position either.

IF and it's a very big if - Levy is willing to be ballsy here, his strategy of "financial prudence", could have just massively lucked out. There will be lots of clubs desperate for cash and having to sell players that they would not have done otherwise and for far less money. If we are one of the few clubs out there with a healthy balance sheet and we're prepared to take advantage of the situation then the painful rebuild Poch was talking about might just become feasible
 

wadewill

Well-Known Member
Aug 31, 2005
3,159
10,446
They mightn't have had symptoms any more, but they clearly hadn't recovered.

they are probably using those shitty tests that our government refused to use, because they have a 30% accuracy rate....

World is fucked until June. At least a it’s sunny
 

bubble07

Well-Known Member
Dec 27, 2004
22,959
29,895
It mad to think premier league clubs could be in financial ruin by not playing 8 games
 

allatsea

Well-Known Member
Aug 31, 2012
8,865
16,053
This paragraph from the PFA statement hits the nail on the head and shows why hancocks comments were naive

The proposed 30% salary deduction over a 12-month period equates to over £500m in wage reductions and a loss in tax contributions of over £200m to the government. What effect does this loss of earning to the government mean for the NHS? Was this considered in the Premier League proposal and did the Health Secretary, Matt Hancock factor this in when asking players to take a salary cut?

I am just being thick as usual or isn’t this argument total nonsense ? If the argument is correct players wage should be doubled and then their tax payments will double and then there will be even more for the NHS.

It mad to think premier league clubs could be in financial ruin by not playing 8 games

If the PL clubs in general had better control over their finances they wouldn’t be in any financial trouble at all. Perhaps the penny will drop that they shouldn’t be paying such ridiculous transfer fees, wages to players and handouts to the players agents.
 

spursfan77

Well-Known Member
Aug 13, 2005
46,680
104,956
IF and it's a very big if - Levy is willing to be ballsy here, his strategy of "financial prudence", could have just massively lucked out. There will be lots of clubs desperate for cash and having to sell players that they would not have done otherwise and for far less money. If we are one of the few clubs out there with a healthy balance sheet and we're prepared to take advantage of the situation then the painful rebuild Poch was talking about might just become feasible

I’ve really no idea. I have a suspicion that the club would have been banking on match day income, other events and corporate events producing quite a lot of money to satisfy the loans etc each year. Suddenly that’s gone.

If worst came to the worst and they were willing to do it, to take advantage of the situation, then Lewis and Levy could put money into the club to pay off that stadium debt (as it wouldn’t effect FFP) and use the other funds we have on new players.

Then it will boil down to whether they want to take advantage of the situation or not by investing in some players whilst spending their own money on the stadium. Unfortunately I’ve a feeling I know what they’ll do.
 

rossdapep

Well-Known Member
Aug 25, 2011
21,904
78,639
Well Levy has always said "when the football bubble bursts" or something to that nature.

Will have to wait and see to know if we are stable and in a strong position once we are through this.

I imagine that whilst we have huge debts on the stadium, it will in due course be a key asset in helping us recover. Whereas some clubs simply won't have anything to rely on other than TV money.

I'm watching Sunderland Til I Die and you can see how crucial TV and PL money was to them. I imagine that this period of a lack of income will have a similar effect.

At least we can flog loads of events at the stadium once the virus subsides.
 

Shadydan

Well-Known Member
Jul 7, 2012
38,247
104,143
Well Levy has always said "when the football bubble bursts" or something to that nature.

Will have to wait and see to know if we are stable and in a strong position once we are through this.

I imagine that whilst we have huge debts on the stadium, it will in due course be a key asset in helping us recover. Whereas some clubs simply won't have anything to rely on other than TV money.

I'm watching Sunderland Til I Die and you can see how crucial TV and PL money was to them. I imagine that this period of a lack of income will have a similar effect.

At least we can flog loads of events at the stadium once the virus subsides.

We are relying on match day revenue, TV money and commercial sponsorships and we're still paying our players their wages. I don't think we're in a terrible position right now but if there's no football for the foreseeable then expect the situation to get much worse. Of course if Joe Lewis got of his fucking arse for once and made a kind donation to a struggling business then that would help us a lot.
 

Led's Zeppelin

Can't Re Member
May 28, 2013
7,333
20,178
This paragraph from the PFA statement hits the nail on the head and shows why hancocks comments were naive

The proposed 30% salary deduction over a 12-month period equates to over £500m in wage reductions and a loss in tax contributions of over £200m to the government. What effect does this loss of earning to the government mean for the NHS? Was this considered in the Premier League proposal and did the Health Secretary, Matt Hancock factor this in when asking players to take a salary cut?


It shouldn't be that difficult to work out a slightly reduced but still effective saving for the clubs by means of a re-allocation or reimbursement of net pay to the clubs so as to maintain the NHS contribution. But there are several ways of making sure the NHS don't lose out.

This sounds more like a post-hoc rationalisation that a genuine reason for opposing cuts.
 

SUIYHA

Well-Known Member
Jan 15, 2017
1,723
8,579
I’ve really no idea. I have a suspicion that the club would have been banking on match day income, other events and corporate events producing quite a lot of money to satisfy the loans etc each year. Suddenly that’s gone.

If worst came to the worst and they were willing to do it, to take advantage of the situation, then Lewis and Levy could put money into the club to pay off that stadium debt (as it wouldn’t effect FFP) and use the other funds we have on new players.

Then it will boil down to whether they want to take advantage of the situation or not by investing in some players whilst spending their own money on the stadium. Unfortunately I’ve a feeling I know what they’ll do.

There's a famous Rothschild quote about how the best time to buy is when there's blood in the streets. William Rees-Mogg (father of Jacob) wrote a book about it in the late 80s.

51cRKMdc8XL._SX305_BO1,204,203,200_.jpg



The principle behind is about contrarian investing - being fearful when the market is greedy, and greedy when the market is fearful, as Warren Buffet put it. The next generation of Rees-Mogg is now putting these ideas into practice:


There's a discussion to be had about whether this kind of end game has influenced his Brexit campaigning but that's a discussion for another thread.

Potentially though, if ENIC play this correctly they could profit from exactly the same kind of strategy. Most of us agree that we need to sign at least four or five new players to compete again next season, if not more. Last summer we saw transfers like Harry Maguire at £80m, Nicholas Pepe at £72m and Joao Felix at £113m (good as he might be, that's outrageous money for a teenager who had never played in one of the top 5 European leagues), and so if we were to try and sign four or five new first team players using last summer's money we'd be looking at at least a £250m outlay on transfer fees alone, if not more. Now there's a chance we could do it for half of that.

What I'm unsure about is how this will affect player wages. Clubs will want to be tighter in terms of what they offer, but if greedy players on long contracts refuse to take pay cuts then it's going to be tough to find solution when clubs need to clear up the wage bill but nobody else can afford them.
 

allatsea

Well-Known Member
Aug 31, 2012
8,865
16,053
Well Levy has always said "when the football bubble bursts" or something to that nature.

Will have to wait and see to know if we are stable and in a strong position once we are through this.

I imagine that whilst we have huge debts on the stadium, it will in due course be a key asset in helping us recover. Whereas some clubs simply won't have anything to rely on other than TV money.

I'm watching Sunderland Til I Die and you can see how crucial TV and PL money was to them. I imagine that this period of a lack of income will have a similar effect.

At least we can flog loads of events at the stadium once the virus subsides.

How about the dear old spammers. No assets to speak of other than some players most of which are either injury ridden, play when they want to types, or overrated.
 

King of the Lane

Well-Known Member
Dec 3, 2010
4,099
23,566
Im not sure how many transfers will actually happen going into next season. If clubs are massively struggling then they wont be able to afford to buy or sell their players if nobody is buying. There is already reports today of Bournemouth putting Wilson, Brooks and King up for Sale. I wonder if we come out of this in an OK financial position if we could get Ake on the cheap.
 

topper

Well-Known Member
Jan 27, 2008
3,806
16,254
We are relying on match day revenue, TV money and commercial sponsorships and we're still paying our players their wages. I don't think we're in a terrible position right now but if there's no football for the foreseeable then expect the situation to get much worse. Of course if Joe Lewis got of his fucking arse for once and made a kind donation to a struggling business then that would help us a lot.
Lewis is of an age where getting of his arse is a huge feat!
 

panoma

Well-Known Member
Jan 16, 2012
3,901
12,188
Between covid-19 anf getting the players fit I doubt we'll even start next season on time. There's no hope for this season.
 
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