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Premier League offer £50million bail out to lower league clubs


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18 hours ago, mcmigo said:

Easy way round this so it isnt a bail out in explicit terms.

 

Use the finance bill to add in a windfall tax on the TV money being paid to the Premier League.

Then at the same time eliminate employers NIC, VAT and any other business taxes on rest of football clubs

Govt also provides interest free loans to clubs outside PL, repayment trigger when football clubs return to 85% of 2018/29 turnover.

 

 

 

 

Good post. The taxman has played a big part in many clubs demise.

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25 minutes ago, Inspector Lestrade said:

Why should one company be made to help another one?  Where in the business world does that happen? 


it’s not comparable. Where in the business world is an industry making a continual loss and reliant on owners to prop up the entire thing? Only in sport. 
 

The premier league clubs do benefit from there being a wider league and a wider game more generally. If it dies football dies too and their tv money won’t be the same either. So even if they aren’t in the mood to share their massive pay packets they can at least understand how maintaining the status quo might benefit them in the long term.  I’m not convinced a closed shop premier league has a long term life span.

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1 hour ago, Inspector Lestrade said:

Why should one company be made to help another one?  Where in the business world does that happen? 

 

Sports clubs will never be a business-just-like-any-other, except when it suits them. 

 

People don't keep going to Cineworld every week despite continually poor experiences just because Vue are 'piggy ********'. 

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57 minutes ago, Bluesteel said:


it’s not comparable. Where in the business world is an industry making a continual loss and reliant on owners to prop up the entire thing? Only in sport. 
 

The premier league clubs do benefit from there being a wider league and a wider game more generally. If it dies football dies too and their tv money won’t be the same either. So even if they aren’t in the mood to share their massive pay packets they can at least understand how maintaining the status quo might benefit them in the long term.  I’m not convinced a closed shop premier league has a long term life span.

 

I agree with everything you say, but the question still applies, there will always be another club ready in to jump into the vacuum or it could even been a shortcut to a European League, which again I would think would only have a short term lifespan. 

 

But why would Club A who have looked after their financial dealings be happy to prop up Club B who haven't?  

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2 hours ago, Inspector Lestrade said:

Why should one company be made to help another one?  Where in the business world does that happen? 

Where in the business world do a company only furlough the staff on the low wages but continue to pay millions each week to there highest earners.

 

As has been the excuse with Premier league football clubs for many years now they are not in the real world.

 

The £6 billion tv deal should be for 92 clubs not 20  clubs. The team that finished last in the Premier league this season will get £97m then also receive £80m in failure payments over 3 years.

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3 minutes ago, room0035 said:

Where in the business world do a company only furlough the staff on the low wages but continue to pay millions each week to there highest earners.

 

As has been the excuse with Premier league football clubs for many years now they are not in the real world.

 

The £6 billion tv deal should be for 92 clubs not 20  clubs. The team that finished last in the Premier league this season will get £97m then also receive £80m in failure payments over 3 years.

 

 I would think there are many high flyers who are still getting their wage despite their company having staff on furlough.

 

The £6b deal was made with the Premier not with any other organisation.

 

Why would an organisation make a deal with another company then go and give half the money to another organisation?  

 

Morally I agree with you but they are deal with separate entities, the Premier is seperate from the EFL .

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8 minutes ago, Inspector Lestrade said:

 

 I would think there are many high flyers who are still getting their wage despite their company having staff on furlough.

 

The £6b deal was made with the Premier not with any other organisation.

 

Why would an organisation make a deal with another company then go and give half the money to another organisation?  

 

Morally I agree with you but they are deal with separate entities, the Premier is seperate from the EFL .

Indeed and in 6 month time the 20 premier league clubs will still exist and probably 10 or 15 championship teams that are receiving the failure payments but the rest will be either in administration or not being able to fulfil their games as they cannot afford to pay for anything.

 

And how will the EFL deal with these they will dock the clubs points. Because a vote of no confidence in those in charge should have happened after they signed a 5 year deal with sky for £600m for the 5th most popular league in the world when other lesser league get millions more.

 

https://en.wikipedia.org/wiki/List_of_domestic_football_league_broadcast_deals_by_country  

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1 minute ago, room0035 said:

Indeed and in 6 month time the 20 premier league clubs will still exist and probably 10 or 15 championship teams that are receiving the failure payments but the rest will be either in administration or not being able to fulfil their games as they cannot afford to pay for anything.

 

And how will the EFL deal with these they will dock the clubs points. Because a vote of no confidence in those in charge should have happened after they signed a 5 year deal with sky for £600m for the 5th most popular league in the world when other lesser league get millions more.

 

https://en.wikipedia.org/wiki/List_of_domestic_football_league_broadcast_deals_by_country  

 

That's capitalism for you, some will survive grow and prosper, others will  fall by the wayside.

 

You live by the sword ....

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10 minutes ago, room0035 said:

Indeed and in 6 month time the 20 premier league clubs will still exist and probably 10 or 15 championship teams that are receiving the failure payments but the rest will be either in administration or not being able to fulfil their games as they cannot afford to pay for anything.

 

And how will the EFL deal with these they will dock the clubs points. Because a vote of no confidence in those in charge should have happened after they signed a 5 year deal with sky for £600m for the 5th most popular league in the world when other lesser league get millions more.

 

https://en.wikipedia.org/wiki/List_of_domestic_football_league_broadcast_deals_by_country  

The premier league gets £8 billion in broadcast rights, split amongst 20 clubs. 

The EFL's broadcast deal for £600 million is split amongst 72 teams. 

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10 minutes ago, BARMYARMY2010 said:

The premier league gets £8 billion in broadcast rights, split amongst 20 clubs. 

The EFL's broadcast deal for £600 million is split amongst 72 teams. 

Indeed it kind of the problem they get £100m a year championship clubs get £8m and league 1 and 2 get about £1m

 

If for instants that £8b deal was split equally over 40%, 30%, 20%, 10%

 

Premier league £40m a year

Championship £30m a year

League 1 £20m a year

League 2 £10m a year

 

Every team can then not have to worry about finance and can develop their clubs, they could even make x % have to be spent on the grass roots football or developing youth football or even helping those in their local community.

 

Instead the money is spent lining the pocket of agents and players getting paid obscene amount of money to kick a ball around for 180 minutes a week.

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2 hours ago, Inspector Lestrade said:

Why should one company be made to help another one?  Where in the business world does that happen? 

Football doesn't operate like other businesses. You don't generally get your corner shop staff being poached by Tesco.

Football has a fairly unique pyramid system, if we lose the bottom sections of that structure  do you think that makes the elite level better in the long run?

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Just now, Brommers said:

Football doesn't operate like other businesses. You don't generally get your corner shop staff being poached by Tesco.

Football has a fairly unique pyramid system, if we lose the bottom sections of that structure  do you think that makes the elite level better in the long run?

 

Probably not but that's not the point, if Sheffield united were going bust how would Wednesday feel if they were ordered to prop them up?  

 

Morally I agree football should help each other out its not a question of morals.  I know of people who have been headhunted to work in the same industry, they were offered more pay or promotion.   No different really to the transfer market. 

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3 hours ago, room0035 said:

Where in the business world do a company only furlough the staff on the low wages but continue to pay millions each week to there highest earners.

 

As has been the excuse with Premier league football clubs for many years now they are not in the real world.

 

The £6 billion tv deal should be for 92 clubs not 20  clubs. The team that finished last in the Premier league this season will get £97m then also receive £80m in failure payments over 3 years.

Because players have a fixed term contract that says they will be paid  unless they break certain obligations. Employees don't just have a employment contract they were happy to sign.

 

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22 hours ago, SouthernOwl24 said:

PL for me as a Wednesday fan isn't a dream necessarily. I know Leicester won it but the chances are around 12/20 clubs up there or anyone promoted from Championship winning this is so minimal. If we stay up for a few years and become solid our highest aim would be what... 10th?? I would much rather the drama of the Championship which is not to say I don't want to go up and enjoy a promotion year but after a while it will become very dull - like Brighton/ Southampton/ West Ham - just making up the numbers. 

 

Just to emphasise this disparity you refer to, in the 28 seasons of the Premier League, the major trophies have gone like this...

 

                                    BIG SIX      THE REST

Premier League               26                 2  (one since 1995)

      (runners up)               24                 4  (none since 1997)

      (third place)               23                 5  (none since 2003)

FA Cup                             25                 3                        

League Cup                     19                 9  (two since 2004)

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2 hours ago, Harrysgame said:

Because players have a fixed term contract that says they will be paid  unless they break certain obligations. Employees don't just have a employment contract they were happy to sign.

 

Football is a unique business to try and use real world example just does happen.

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On 06/10/2020 at 14:48, @owlstalk said:

Screenshot 2020-10-06 at 14.47.30.jpg

 

Steve Parish, the Crystal Palace chairman, spelt out a common view among top-flight clubs in a column in The Sunday Times, saying: “Not one company in any other industry, to my knowledge, is being asked to bail out its competitors. The supermarkets aren’t instructed to help the corner shops. Premier League clubs, while they may have some wealthy shareholders, are not awash with cash.”

 

https://www.thetimes.co.uk/article/premier-league-offering-grant-of-less-than-50m-to-bail-out-efl-clubs-p8l063hs8?shareToken=9d9840b8f8b7614e5e89be9d445a2f61


Steve Parish can do one. 
 

They are blatantly awash with cash as proven by their transfer expenditure. 
 

£50million is two average players. 

To put that in context it’s like a company of 300 making 2 people redundant. They can do more than that. 
 

This is the future of the sport. 
 

Greedy selfish two hats. 

 

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