12 points deducted and a ground sold...

[@owlstalk]

4 minutes ago, s.kirkbyowl said:

It is interesting to note the sentence regarding " overspending by large amounts effects the integrity of the competition" --

 

so just what is the E.F.L 's view on parachute payments then, and why don't they do something about it

 

( preferably before the piggies rejoin us) !

 

I guess parachute payments aren't spending of any kind

[Owling Wolfe]

24 minutes ago, @owlstalk said:

 

I guess parachute payments aren't spending of any kind

But they do allow overspending which, if done by a team with no parachute payments, will result in sanctions. 

[@owlstalk]

2 minutes ago, Owling Wolfe said:

But they do allow overspending which, if done by a team with no parachute payments, will result in sanctions. 

 

They don't allow overspending at all

They just mean the club has more money

What they do with that money is a separate thing entirely

 

[OxOwl]

5 hours ago, NorfolkNChance said:

I'll be interested to see this guys view on it when he can do so 

 

 

WAWAW Nick 

All the best if you on here.

[Inspector Lestrade]

Does this mean we can go on a spending spree again in Jan?  Lets go bloody mental

[Owling Wolfe]

2 hours ago, @owlstalk said:

 

They don't allow overspending at all

They just mean the club has more money

What they do with that money is a separate thing entirely

 

That's just pedantics though, regardless of losses or whatever the extra money they receive as part of failing in the Premier League still creates an uneven playing field.

I have always been of the opinion that the parachute payments should have to be applied for and only be used to contribute the wages of players that stay with the club on relegation and not to use to gain an advantage over the teams within the EFL.

No one can ever say that relegated teams don't have better buying power for their first 3 years in the Championship. I mean, Ayew on a reported £83k a week, how is that sustainable for a team without parachute payments. I suppose that's why they changed the name from Financial Fair Play, because it is far from fair in reality.

[swinners]

5 hours ago, Nero said:

 

 

6 points wouldn't have relegated us. Logically therefore, the new tribunal should have retrospectively taken 6 points from 2019 20.

Blimey.  Imagine the law suit and injustice if they'd had relegated us then a hearing halved the deduction meaning we wouldn't have been relegated!!!!!!

[Manwë]

3 hours ago, s.kirkbyowl said:

It is interesting to note the sentence regarding " overspending by large amounts effects the integrity of the competition" --

 

so just what is the E.F.L 's view on parachute payments then, and why don't they do something about it

 

( preferably before the piggies rejoin us) !

Income £100m, spending £100m, no overspending.

 

Income £25m, spending £50m, overspending.

 

Parachute payments are income, earned income.

 

We could have invested in the club to drive revenue, instead we pissed it away on players who failed to achieve, and drove revenue higher with the only tool we could think of, putting tickets up for the plebs.

 

Some clubs earn more through shirt sponsorship (us included), some through higher gate receipts, some through selling players, and some through parachute payments.  Maybe our gate receipts should be shared, make it fairer.

 

Parachute payments are for achieving something, relegation from the Premier League.  Laughing?  We've not achieved that in twenty years.  We can only dream of being the worst team in the EPL.   

 

So why do Swansea get parachute payments?  For getting to the premier League of course.  'It's unfair' the people cry, yet somehow Swansea also managed to get promoted to the EPL first without parachute payments against other clubs who were recipients of them.  How did they manage such an impossible feat?  

 

Parachute payments are not the reason Wednesday haven't been promoted, our shortsighted incompetence is.  We have spent £130m+ and are in 23rd place in the second division.   Imagine if we had another £130m, we'd be European Champions by now by my reckoning.

[Guest mkowl]

If only somebody hadn't started a thread on this last week .