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Simon Jordan "A salary cap for the Championship is needed"


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Former Football Chairman Simon Jordan, who believes clubs are “losing hundreds of millions of pounds” at the minute, wants Championship sides to introduce a salary cap in a bid to protect clubs.

 

“The challenge for the Championship is that people come out of League One and they get sucked into it; if they don’t, they finish bottom of the league,” he told talkSPORT.

 

“That’s why Luton have been struggling because of their desire to make sure they’re economically viable.

 

“And then you’ve got the top of the league that are so close, they’ve got a whiff of the allure, the lustre and the finances of the Premier League. So it makes it almost practically impossible.

 

“That’s why a salary cap for the Championship [is needed].

 

"You’re in a dreadful situation where clubs inside the Championship are losing hundreds of millions of pounds.”

 


Owlstalk Shop

 

 

 

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The clubs have proved they cannot manage themselves responsibly. Ideally, that would be the pretext for taking it out of their hands. But there's too many vested interests, greed and panic from the clubs and not enough competence from the authorities.

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Jordan talks some poo  but every now and again comes out with snippets of sense. 

 

I certainly think the whole of football, in particular the championship needs to rebalance financially to become more sustainable. A salary cap has merits as a concept, but needs coherent application and after FFP/P&S have little confidence the EFL are competent enough to devise, implement or manage.

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1 hour ago, @owlstalk said:

simon-jordan-iain-dowie_0.jpg

 

Former Football Chairman Simon Jordan, who believes clubs are “losing hundreds of millions of pounds” at the minute, wants Championship sides to introduce a salary cap in a bid to protect clubs.

 

“The challenge for the Championship is that people come out of League One and they get sucked into it; if they don’t, they finish bottom of the league,” he told talkSPORT.

 

“That’s why Luton have been struggling because of their desire to make sure they’re economically viable.

 

“And then you’ve got the top of the league that are so close, they’ve got a whiff of the allure, the lustre and the finances of the Premier League. So it makes it almost practically impossible.

 

“That’s why a salary cap for the Championship [is needed].

 

"You’re in a dreadful situation where clubs inside the Championship are losing hundreds of millions of pounds.”

 

Completely agree with him. Good luck in trying to implement anything like that in a fair way and get players in general and particularly relegated PL  clubs to agree to it. 

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2 minutes ago, hirstyboywonder said:

and particularly relegated PL  clubs to agree to it. 


You've hit on a massive point there mate.

If there's a pay cap in the Championship and Liverpool got relegated what the fooooook would happen then to their players pay/contracts?

How could this pay cap be set up in that case?

 


Owlstalk Shop

 

 

 

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6 minutes ago, Bakewell Owl said:

Only one on Talk Sport to talk sense, sometimes controversial, but always knows what he is on about

 

oh and he cares about the game

Bang on mate.add the babbling jim white to the list of muppets.if football does go teets up the only upside is that mcmoron having to get another job

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There is little to cheer about with this pandemic, but if this gives football and its financal extravagance the kick up its arse it needs, then as a football fan that will be one small thing to come out of it.

 

I wouldn't wish the lives lost for that though, of course. 

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43 minutes ago, Bakewell Owl said:

Only one on Talk Sport to talk sense, sometimes controversial, but always knows what he is on about

 

oh and he cares about the game

How many years did he own a top flight football club for!!

Baffles me when people say that people like him and players that have about 20 trophies to there name dont know what they are on about.

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Relegated from the Prem = player wages cut to align with the Championships salary cap. The bottom line was you weren't good enough to play in the Prem.....as it currently stands there's no downside for these players unless they've specifically agreed a wage reduction on relegation in their contract. Add in the parachute payments and Its all reward and zero risk. 

 

I do actually think that a situation that currently appears dire for football "may" bring the game back down to earth and ultimately return it to the fans. Clubs and indeed all businesses going forwards are going to have to make financial provisions for scenarios like the one we are currently in. In short, it is not acceptable for businesses making huge profits to pay those funds out in dividends and bonuses and then expect a tax payer bail out when the sh!t hits the fan.

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It’s the parachute payments that are the evil here

 

Clubs like us have and are overspending to try and compete with them in terms of fees and wages, and this is escalating those transfer fees and wages to astronomical levels which isn’t sustainable

 

Until something is done about them then clubs like overselves, Forest and Derby etc will go through phases of boom and bust 

 

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48 minutes ago, Mr. Chow said:

Crap for clubs having to compete with relegated prem teams on huge wages and who have more potential of going straight back up compared to those fighting below them. 

Why is it? Just put a blanket cap on all clubs, random figure time, of say £20M. Up to each club to decide squad size, players individual wages etc. * cap is for championship clubs

 

If clubs are relegated they either have a reduction in line with the pay cap or suffer a point per million deducted from their season total. All wages to be submitted to the efl following the January transfer window. All that is needed is strong governance which is where it falls down. 

Edited by TheGaffer
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9 hours ago, @owlstalk said:


You've hit on a massive point there mate.

If there's a pay cap in the Championship and Liverpool got relegated what the fooooook would happen then to their players pay/contracts?

How could this pay cap be set up in that case?

1 season contracts only, scrap transfer fees, introduce salary cap. I think that's what they do in some American sports. Obviously won't happen though. 

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Surely it should be part of standard player, manger contracts that if the team gets relegated they take a big reduction in salary to whatever the agreed salary would be for the division they are moving down to, also the parachute payments should be scrapped completely.

 

Players, managers and clubs should not be rewarded for failure and have an unfair advantage on the clubs already in that division.

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