Musn't Grumble Posted March 21, 2019 Share Posted March 21, 2019 Apologies if this BBC Radio Sheffield FH link is posted elsewhere in OT and many of you will have already listened, but this is an fascinating look at football finances and covers in some detail the specific situation at Wednesday. Kieran Mcguire is a lecturer and an accountant at the University of Liverpool, an author and specialist in football finances. He's talking about FFP, P&S, embargos and football financing in general and comes up with some surprising conclusions... e.g. Why the PL parachute payments are worth the equivalent of seven points per season, why Wednesday aren't as badly off as Birmingham might be, why some clubs in the Championship are still under PL FFP rules, why Wednesday can't clear off the P&S losses by simply taking up sponsorship deals, why Bolton have not yet been deducted points and loads more. It's an hour long (programme actually starts from 3:50) but well worth a listen. Link:- https://www.bbc.co.uk/sounds/play/p071bc3r 3 Link to comment Share on other sites More sharing options...
Jim Posted March 21, 2019 Share Posted March 21, 2019 RS are only making a big deal about P&S because it involves us. You wouldn’t hear a legendary cricket umpire about it if it involved the local media darlings? Link to comment Share on other sites More sharing options...
keefdave Posted March 21, 2019 Share Posted March 21, 2019 It was the best FH in years, informative and only one nob rang in Link to comment Share on other sites More sharing options...
Popular Post royalowlisback Posted March 21, 2019 Popular Post Share Posted March 21, 2019 8 minutes ago, keefdave said: It was the best FH in years, informative and only one nob rang in Sorry about that. 15 Link to comment Share on other sites More sharing options...
parkfieldowl14 Posted March 21, 2019 Share Posted March 21, 2019 Expected Michael the bitter pig to come on and use the FH special to bash us over the head with it.But for some unknown reason he didn't shown up. Link to comment Share on other sites More sharing options...
keefdave Posted March 21, 2019 Share Posted March 21, 2019 1 hour ago, royalowlisback said: Sorry about that. It was a blade Link to comment Share on other sites More sharing options...
royalowlisback Posted March 21, 2019 Share Posted March 21, 2019 2 minutes ago, keefdave said: It was a blade That told me. Link to comment Share on other sites More sharing options...
Burnsie Posted March 21, 2019 Share Posted March 21, 2019 1 hour ago, Great Big Galaa said: RS are only making a big deal about P&S because it involves us. You wouldn’t hear a legendary cricket umpire about it if it involved the local media darlings? Local radio doing a show about an issue that affects a local team? What bellends 1 1 6 Link to comment Share on other sites More sharing options...
Buckwheat Posted March 21, 2019 Share Posted March 21, 2019 Way over my head. I'm sure Mr C has a cunning plan, as long as it doesn't include DTaxis. 1 Link to comment Share on other sites More sharing options...
S36 OWL Posted March 21, 2019 Share Posted March 21, 2019 3 hours ago, royalowlisback said: Sorry about that. Link to comment Share on other sites More sharing options...
OWLERTON GHOST Posted March 21, 2019 Share Posted March 21, 2019 21 minutes ago, Buckwheat said: Way over my head. I'm sure Mr C has a cunning plan, as long as it doesn't include DTaxis. 4 Link to comment Share on other sites More sharing options...
Sham67 Posted March 21, 2019 Share Posted March 21, 2019 5 hours ago, Burnsie said: Local radio doing a show about an issue that affects a local team? What bellends They will have been stirring the proverbial. Link to comment Share on other sites More sharing options...
hawksmore Posted March 21, 2019 Share Posted March 21, 2019 for those that listened(i'll listen tomorrow) any thoughts on the issues we face, does it look like we have a way out? Link to comment Share on other sites More sharing options...
Burnsie Posted March 21, 2019 Share Posted March 21, 2019 46 minutes ago, Sham67 said: They will have been stirring the proverbial. How so? Why is there some weird obsession among some of our fans thinking that radio Sheffield is bias against us?!? Link to comment Share on other sites More sharing options...
S36 OWL Posted March 21, 2019 Share Posted March 21, 2019 39 minutes ago, hawksmore said: for those that listened(i'll listen tomorrow) any thoughts on the issues we face, does it look like we have a way out? Its all in hand . D - Taxi`s are having a bumper month. Link to comment Share on other sites More sharing options...
Road Runner Posted March 22, 2019 Share Posted March 22, 2019 FFP & P&S doesn’t work while you have parachute payments from the premier league rewarding the premier league clubs for failure- it’s supposed to cover the short fall but clubs just blow it on transfer fees and extra wages to get re promoted. so this happens & clubs like ours and most of the championship have to go seriously into the red and big debt just to compete, and when this happens we get punished. Scrap parachute payments & write into premier league contracts that if relegation occurs their new weekly wage will be 20k maximum per week per player, same rule for the rest of championship maximum wage 20k. Clubs then retake control of the game and take the advantage away from the agent and player asking for way too much which is happinng now and clubs are having to pay it. Clubs won’t seriously have to go into the red either and creates a level playing field. Capping the wage is the only solution to this mess this has got clubs in. While we are lucky to have D taxis, elev8 supporting us, the majority don’t. Link to comment Share on other sites More sharing options...
daleblue Posted March 22, 2019 Share Posted March 22, 2019 10 hours ago, S36 OWL said: Its all in hand . D - Taxi`s are having a bumper month. Car boot sale? Link to comment Share on other sites More sharing options...
fred mciver Posted March 22, 2019 Share Posted March 22, 2019 £600 ,000 per year under a soft embargo gives us ample chance to sign top up and coming players to take us forward, on pitch and off. But better if we come 6th. Link to comment Share on other sites More sharing options...
Musn't Grumble Posted March 22, 2019 Author Share Posted March 22, 2019 3 hours ago, Road Runner said: FFP & P&S doesn’t work while you have parachute payments from the premier league rewarding the premier league clubs for failure- it’s supposed to cover the short fall but clubs just blow it on transfer fees and extra wages to get re promoted. so this happens & clubs like ours and most of the championship have to go seriously into the red and big debt just to compete, and when this happens we get punished. Scrap parachute payments & write into premier league contracts that if relegation occurs their new weekly wage will be 20k maximum per week per player, same rule for the rest of championship maximum wage 20k. Clubs then retake control of the game and take the advantage away from the agent and player asking for way too much which is happinng now and clubs are having to pay it. Clubs won’t seriously have to go into the red either and creates a level playing field. Capping the wage is the only solution to this mess this has got clubs in. While we are lucky to have D taxis, elev8 supporting us, the majority don’t. ... or they could remove parachute payments from the calculations that determine FFP and P&S but I bet most relegated clubs think that they will be back in the Premier League within a year or two at most so sustained year on year losses will somehoe not be an issue for them. The point that Keiran McGuire made about the PL basically looking after itself and attracting top players on big money means that clubs dropping into the EFL can use the parachute payments to offer a safety net for their big salary players. As he said, it's not desirable but it's necessary. When we have clubs like Crystal Palace paying at least four of their players over £100k per week, that creates the problems for Championship clubs who have to compete financially before they get promoted. Joining the bigboys' club is much more than winning a lot of league games. Generally speaking, McGuire reckons that all/most PL clubs are all in profit; all/most Championship clubs are all running at a loss... says it all really. Combine that with the worldwide marketability of the PL and the Championship, despite it being "bigger" that every other league in the world except for the PL and La Liga and, on some measurements, the Bundesliga, still can't get the kind of support of these other tier one leagues can get. Link to comment Share on other sites More sharing options...
spike1867 Posted March 22, 2019 Share Posted March 22, 2019 Freudian slip at 9.52? Link to comment Share on other sites More sharing options...
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