S36 OWL Posted August 4, 2020 Share Posted August 4, 2020 16 minutes ago, soldierboyblue said: Parachute payments were designed to enable a gradual restructuring of the off field activities not for investment in the playing squad Yet the EFL sits and does nothing whilst the relegated clubs spend their failure payments on massive transfer fees and massive wages that no other championship club can afford, or are allowed to spend , to help their return to the premier league. Financial fair play my Arse. 4 1 Link to comment Share on other sites More sharing options...
Dick_Turpin Posted August 4, 2020 Share Posted August 4, 2020 1 minute ago, S36 OWL said: Yet the EFL sits and does nothing whilst the relegated clubs spend their failure payments on massive transfer fees and massive wages that no other championship club can afford, or are allowed to spend , to help their return to the premier league. Financial fair play my Arse. Interestingly according to this piece parachute payments haven't significantly increased the chances of relegated teams getting promoted - they've always had a good chance. That's because they often have better players. Of course what this piece doesn't do is talk about what teams in the second tier have to spend to compete. 2 Link to comment Share on other sites More sharing options...
Dick_Turpin Posted August 4, 2020 Share Posted August 4, 2020 5 minutes ago, S36 OWL said: Yet the EFL sits and does nothing whilst the relegated clubs spend their failure payments on massive transfer fees and massive wages that no other championship club can afford, or are allowed to spend , to help their return to the premier league. Financial fair play my Arse. It's difficult to imagine what they could do without the support of the Premier League. 1 Link to comment Share on other sites More sharing options...
Dick_Turpin Posted August 5, 2020 Share Posted August 5, 2020 oops This piece https://www.examinerlive.co.uk/sport/football/news/truth-effect-evil-parachute-payments-18208520 Link to comment Share on other sites More sharing options...
Utah Owl Posted August 5, 2020 Share Posted August 5, 2020 3 hours ago, beswetherick said: Revising the figure of £39m losses over three seasons for Championship clubs would be a good place to start Taking the EFL to court and having the rule struck down completely would be even better! 1 Link to comment Share on other sites More sharing options...
Spookone Posted August 5, 2020 Share Posted August 5, 2020 9 hours ago, beswetherick said: Giving the three relegated teams more cash in one season than the rest of us are permitted to lose in three isn’t a level playing field This ^ Why can’t clubs simply write into players and managers contracts that they take an appropriate drop in salary if they FAIL and get relegated? 2 Link to comment Share on other sites More sharing options...
oldishowl Posted August 5, 2020 Share Posted August 5, 2020 9 hours ago, Sheff74 said: The 2 teams in question also did what any sensible club does, albeit reluctantly, and sold of their best players, to help balance the books. Fulham sold Sessegnon for 25m and West Brom sold Rodriguez for 10m. Chansiri has clung onto his best players, despite some very reasonable offers, convinced they will each metamorphosise into the the next Pele. In each case they end up being worth the same as a packet of Rolos. He really is that savvy. But didn’t Fulham pay 22m for Mitrovic while they were in the Championship, Link to comment Share on other sites More sharing options...
Dick_Turpin Posted August 5, 2020 Share Posted August 5, 2020 5 hours ago, Utah Owl said: Taking the EFL to court and having the rule struck down completely would be even better! That'll be the clubs collectively taking the EFL - which is basically the clubs - to court. Link to comment Share on other sites More sharing options...
Onge Posted August 5, 2020 Share Posted August 5, 2020 Bournemouth will have the parachute payments and £40m from Man City for Aké. That, with their track record of overspending in this division, means they will have a massive financial advantage over most of this league. 1 Link to comment Share on other sites More sharing options...
83owl Posted August 5, 2020 Share Posted August 5, 2020 28 minutes ago, Spookone said: This ^ Why can’t clubs simply write into players and managers contracts that they take an appropriate drop in salary if they FAIL and get relegated? Because then they wouldn’t be able to sign any players. Players want stability, they want to know that whatever happens they will still get paid. Link to comment Share on other sites More sharing options...
83owl Posted August 5, 2020 Share Posted August 5, 2020 4 minutes ago, Onge said: Bournemouth will have the parachute payments and £40m from Man City for Aké. That, with their track record of overspending in this division, means they will have a massive financial advantage over most of this league. Don’t know why people keep bringing up Ake? That’s a player they bought, developed and looks like they will sell at the right time. Something maybe we should look at doing instead of hoarding players. 1 Link to comment Share on other sites More sharing options...
TouchIsGolden Posted August 5, 2020 Share Posted August 5, 2020 More to the point we have recouped no money, we never sell any player for profit, we never sell any player for any sort of transfer fee, nor do any of the players we sell or release on free transfer go on to do anything with their careers post Wednesday due to their general decline at our football club or we sign too many players who have already had their peak. Joao and Antonio probably the only two expectations to this rule out of the hundreds of players to come and go in the last 10 years. Poor recruitment and poor coaching all round which doeant result in a financially viable business model. 1 Link to comment Share on other sites More sharing options...
daleblue Posted August 5, 2020 Share Posted August 5, 2020 8 hours ago, mrgund said: Genuine question. Are there any other sports that reward teams for failure in the same way that the parachute payments reward relegated clubs? It needs scrapping and the sooner the better. Instead, when a club is relegated there should be some kind of salary cap that kicks in so the club don't have to pay premier league wages. Make the salary cap league wide. I know the salary cap has been mentioned before for the championship. I just can't get my head around the parachute payment structure. Another reason to hate modern football. Unfortunately that wouldn't work for players already at a Club that's relegated, if you have a salary cap, it can't be for individual players, a salary cap has to be an amount on all players combined, at the moment with the type of contracts that are prevalent in all of football, there is nothing a Club can do to bring the individual wage down, thus not being able to bring the overall costs down, if however there was a stipulation that Clubs relegated, had to conform to a Club wage cap then that would work, but it would take time for this to happen, the end result would be contracts with a clause stating a wage reduction on relegation. 1 Link to comment Share on other sites More sharing options...
soldierboyblue Posted August 5, 2020 Share Posted August 5, 2020 42 minutes ago, Onge said: Bournemouth will have the parachute payments and £40m from Man City for Aké. That, with their track record of overspending in this division, means they will have a massive financial advantage over most of this league. The fine they got was £4.8 million or something absolutely ridiculous Link to comment Share on other sites More sharing options...
billyblack Posted August 5, 2020 Share Posted August 5, 2020 10 hours ago, WAWAWUTO17 said: Promoted back to the Premiership with the help of parachute payments. Love the level playing field in this league Teams like us, want to spend and can't spend. Bloody Joke Yet Leeds finished top 1 Link to comment Share on other sites More sharing options...
billyblack Posted August 5, 2020 Share Posted August 5, 2020 46 minutes ago, Onge said: Bournemouth will have the parachute payments and £40m from Man City for Aké. That, with their track record of overspending in this division, means they will have a massive financial advantage over most of this league. and? Link to comment Share on other sites More sharing options...
Sefton owl Posted August 5, 2020 Share Posted August 5, 2020 11 hours ago, WAWAWUTO17 said: Promoted back to the Premiership with the help of parachute payments. Love the level playing field in this league Teams like us, want to spend and can't spend. Bloody Joke I hate it as well. But technically it’s money that they have ‘earned’ and generated by playing in the premier league, so in theory it’s not spending above their means. I’m not saying it’s right though. The whole system needs a complete review, from a moral perspective if anything. Then again, there’s no morals in modern day football so will be like this for years to come I imagine. Link to comment Share on other sites More sharing options...
sheffsteel Posted August 5, 2020 Share Posted August 5, 2020 (edited) 10 hours ago, rickygoo said: IT's a matter of finding something that enables the teams getting promoted to try and compete without penalising the EFL clubs. In theory parachute payments are meant to encourage teams going up to improve their squads but not be terrified that a subsequent relegation will cripple them financially. But how do you do that without disrupting the Championship? Good post Ricky. Parachute payments were voted in and agreed by the majority of Premier League clubs. The reason is because logic suggests it makes the PL a better product and more attractive to watch when promoted clubs show a level of ambition improving their squad. Basically they don’t want promoted teams doing a Norwich...hardly spending so becoming embarrassing whipping boys. Some give the excellent point that the answer is relegation clauses in players contracts so the clubs don’t need to rely on parachute payments. However that still has problems because it means newly promoted teams would struggle to attract decent players with ambition. No doubt their agents will be advising the player NOT to sign because there’s a high chance that team would be relegated so the player is back to square one and hasn’t advanced their career receiving a big drop in salary once relegated. FFP or P & S isn’t really about fairness or a level playing field. The motivation is to protect clubs from financial meltdowns down doing a Portsmouth or Bolton.whee they build up massive debt owing their owners 200 million. To be fair since FFP there’s hardly been any clubs going into admin...so it’s achieved what it intended. The new problem is the growing financial gap between the PL and Championship and I’m not sure what the answer is. The problem was the PL separated from the EFL...so instead of working together...both bodies only have self interest. Edited August 5, 2020 by sheffsteel 1 Link to comment Share on other sites More sharing options...
Sheff74 Posted August 5, 2020 Share Posted August 5, 2020 1 hour ago, oldishowl said: But didn’t Fulham pay 22m for Mitrovic while they were in the Championship, Yes, but selling Sessegnon further down the line meant that they could work within their means. Our policy was buy buy buy. Occasionally a sale or 2 to help sustain things is sensible. Link to comment Share on other sites More sharing options...
oldishowl Posted August 5, 2020 Share Posted August 5, 2020 22 minutes ago, Sheff74 said: Yes, but selling Sessegnon further down the line meant that they could work within their means. Our policy was buy buy buy. Occasionally a sale or 2 to help sustain things is sensible. The thread is about parachute payments. Fulham got promoted to the Premier League and blew over 100 million on players straight away, not including Mitrovic on loan. They got relegated and because of parachute payments were in a position to pay 22 million for Mitrovic in the championship. We probably spent less than half that in total. No club in the championship without parachute payments could afford to spend that money on one player. The team that played against Cardiff in the semi cost over 40 million without Mitrovic. They paid around 6 million for Hector when he had 6 months left on his contract. The sale of Ssesegon was not what kept them going or paid their massive wage bill. It helped but it basically covered the cost of Mitrovic. Clubs understand the financial aspects of the PL now. The issues of carrying high wages could be a non issue with relegation clauses and player sales. Bournemouth will get 40 million for Ake and similar for Callum Wilson. Why do they need parachute payments to compete against us.? There is no justification for them. Link to comment Share on other sites More sharing options...
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