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Clubs approve P&S rule changes.


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5 hours ago, Blue and white said:

Football, as bent as a butchers hook.

Sooner PL2 starts the better.

 

How do these two statements go together?

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4 hours ago, rickygoo said:

 

How do these two statements go together?

Quite simple, 

Football is bent, PL2 would be bent, EFL is bent, however if being in PL2 allowed us to spend money and compete instead of pushing shituphill.

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47 minutes ago, Blue and white said:

Quite simple, 

Football is bent, PL2 would be bent, EFL is bent, however if being in PL2 allowed us to spend money and compete instead of pushing shituphill.

And who is to say it would? What other clubs want it?  And critically does the PL give a fig?

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2 hours ago, Blue and white said:

Quite simple, 

Football is bent, PL2 would be bent, EFL is bent, however if being in PL2 allowed us to spend money and compete instead of pushing shituphill.

The only problem with that is every other club would be able to spend money and compete and there’d be some seriously wealthy owners in a PL2, with far deeper pockets than Chansiri.

 

We’d be no better off.

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7 hours ago, Manwë said:

 

It's amazing what the internet can do.

 

https://financialfootballnews.com/sheffield-united-fcs-2019-finances-blade-runners/

 

You can see that United made losses of (latest to earliest, past three years)

£21m

£2m

£5m

 

Total £28m, well under the £39m allowed.

 

But there's a catch.  The £21m is an inflated figure.  It's high because their outgoings increases relate more to paying bonuses, for, guess what?  Promotion.  Had they not been promoted, they wouldn't have had a £21m loss that season.


Want to know the most galling thing?  While we were selling off our history to pay for the incompetence of one man, United bought their stadium, training ground, Hotel and other assets.  In their previous accounts, this was going to be for around £43m (although this later increased I believe).   That's about half of what we are  paying Mr Chansiri in rent for Hillsborough alone.

 

Basically, a well run club, not on parachute payments, achieving promotion and sustaining their position in the PL.

 

 

 

 

So we are paying DC £86M in rent?  Who is We?

 

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7 hours ago, Manwë said:

Basically, a well run club, not on parachute payments, achieving promotion and sustaining their position in the PL.

 

Nerr.

 

High Court Judgement (paragraph 76)

"with the result that no resolution was achieved in time to avoid a temporary embargo on the Club’s transfer activity. Had the issue not been resolved (as it later was, on 25 July 2017) it could have had a damaging impact on the Club’s ability to position itself for the new season in the Championship"

Edit to add, for balance, that this happened in 2016 (para 62)

"SUFC was in real danger of being unable to pay its employees’ wages on a monthly basis.Mr Bettis called for another £1m from each owner in November 2016 but SUL paid only £450,000 on 29 November, £50,000 on 1 December and a further £500,000 on 12 December. When Prince Abdullah was called upon to equalise contributions by paying £1m in January 2017 he did not do so, and SUL had to pay a further £600,000 urgently on 27 January 2017 in order to save SUFC from insolvency. "

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