Guest Posted January 21, 2021 Share Posted January 21, 2021 Not sure if this has already been discussed, apologies if so: https://www.dailymail.co.uk/sport/football/article-9165499/Championship-clubs-set-reject-18m-salary-cap-season.html £18M Championship salary cap is apparently opposed by around half the teams in the division. one source said this: Some have much higher turnovers than others and much wealthier owners. Why should they be penalised? And where is the incentive for any new investment when potential new owners can't spend their own money?' Don't the P&S rules negate wealthy owners, never mind any salary cap? Wonder what the position of our club is on this. Link to comment Share on other sites More sharing options...
striker Posted January 21, 2021 Share Posted January 21, 2021 1 minute ago, hirstyboywonder said: Not sure if this has already been discussed, apologies if so: https://www.dailymail.co.uk/sport/football/article-9165499/Championship-clubs-set-reject-18m-salary-cap-season.html £18M Championship salary cap is apparently opposed by around half the teams in the division. one source said this: Some have much higher turnovers than others and much wealthier owners. Why should they be penalised? And where is the incentive for any new investment when potential new owners can't spend their own money?' Don't the P&S rules negate wealthy owners, never mind any salary cap? Wonder what the position of our club is on this. Managerless, in the bottom 3 and nearer to league 1, where there is a salary cap 1 1 Link to comment Share on other sites More sharing options...
Caicos Owl Posted January 21, 2021 Share Posted January 21, 2021 Chansiri is all for it Link to comment Share on other sites More sharing options...
Guest Mcguigan Posted January 21, 2021 Share Posted January 21, 2021 Just now, Caicos Owl said: Chansiri is all for it Ours will be below £18m next season, he won’t need to worry about a cap. Link to comment Share on other sites More sharing options...
WalthamOwl Posted January 21, 2021 Share Posted January 21, 2021 Chansiri probably hasn’t responded it. 1 5 Link to comment Share on other sites More sharing options...
Guest Posted January 21, 2021 Share Posted January 21, 2021 3 minutes ago, Mcguigan said: Ours will be below £18m next season, he won’t need to worry about a cap. But is it something we would vote for or against? Will our wage bill be that low? It was £42.4M in 2017-18. Link to comment Share on other sites More sharing options...
Guest Mcguigan Posted January 21, 2021 Share Posted January 21, 2021 2 minutes ago, hirstyboywonder said: But is it something we would vote for or against? Will our wage bill be that low? It was £42.4M in 2017-18. A lot of big earners off the books since then and more at the end if this season if they don’t agree new terms. Bet we won’t be far off £18-20m when we kick off next season. Link to comment Share on other sites More sharing options...
Guest Posted January 21, 2021 Share Posted January 21, 2021 Just now, Mcguigan said: A lot of big earners off the books since then and more at the end if this season if they don’t agree new terms. Bet we won’t be far off £18-20m when we kick off next season. So in relation to your recent comments about the accounts and any potential points deduction again, it seems we will be working towards what the EFL want from us, by reducing our wage bill from over £40M to less than £20M in 3 seasons. Link to comment Share on other sites More sharing options...
Manwë Posted January 21, 2021 Share Posted January 21, 2021 A very good reason why the Govt were right not to step in to support football. 9 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted January 21, 2021 Share Posted January 21, 2021 Interesting part of the article is where it's noted that the premier League payments to championship clubs may soon be increasing from £8m per season to between £18 - £24m per year. If this is true it's so vital club gets its act together to try and avoid relegation at all costs Link to comment Share on other sites More sharing options...
mogbad Posted January 21, 2021 Share Posted January 21, 2021 11 minutes ago, Manwë said: A very good reason why the Govt were right not to step in to support football. Championship clubs will be pleading poverty due to covid before the end of the season & they'll be asking the government to bail them out, which on one hand they maybe should but on the other the clubs shoot themselves in the foot by not agreeing to measures that might ensure their future sustainability. 1 Link to comment Share on other sites More sharing options...
Guest Mcguigan Posted January 21, 2021 Share Posted January 21, 2021 18 minutes ago, hirstyboywonder said: So in relation to your recent comments about the accounts and any potential points deduction again, it seems we will be working towards what the EFL want from us, by reducing our wage bill from over £40M to less than £20M in 3 seasons. Definitely yes, no doubts we’re working towards it but we’re talking about a wage bill for 21/22. My concern about the points deduction relates to 18/19. Link to comment Share on other sites More sharing options...
bobness Posted January 21, 2021 Share Posted January 21, 2021 (edited) 37 minutes ago, WalthamOwl said: Chansiri probably hasn’t responded it. "Wrong! Tomorrow I will respond last week" Edited January 21, 2021 by bobness 2 Link to comment Share on other sites More sharing options...
Bing Cosby Posted January 21, 2021 Share Posted January 21, 2021 Rich club owners who are more interested in chasing The Premier League pot of gold, than securing the long term future of their clubs. Football is broken. 7 1 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted January 21, 2021 Share Posted January 21, 2021 2 minutes ago, Bing Cosby said: Rich club owners who are more interested in chasing The Premier League pot of gold, than securing the long term future of their clubs. Football is broken. It's easy to come to that conclusion but there some of the points the clubs wee making were valid to why it's a bad Idea and could ruin league. Only thing it would end up with is further making premier League a closed shop, the solution has got to start with a restructure of income distribution in top two League's Link to comment Share on other sites More sharing options...
Frank_Lucas Posted January 21, 2021 Share Posted January 21, 2021 And there reason for this is? You won't get the top players at your club if you can't offer them the most money if it's capped they can play for any team in the league. Link to comment Share on other sites More sharing options...
Bing Cosby Posted January 21, 2021 Share Posted January 21, 2021 1 minute ago, wellbeaten-the-owl said: It's easy to come to that conclusion but there some of the points the clubs wee making were valid to why it's a bad Idea and could ruin league. Only thing it would end up with is further making premier League a closed shop, the solution has got to start with a restructure of income distribution in top two League's Sorry, I wasn't just refering to this decision, I understand it's more complex than that. The Premier League would like nothing better than being a closed shop, they always have done... The irony is, if any of the club's owned by The Chairmen who voted against the wage cap were to be promoted, they would want it to be a closed shop too. I agree that there has to be a restructure of footballing finances across the top divisions, but that simply won't happen while those at the top yield such power... The affluent individuals who buy Championship clubs aren't really interested in doing that either, they just want to be part of the elite group and are prepared to risk the very futures of the clubs they own in order to achieve it. 1 1 Link to comment Share on other sites More sharing options...
Guest Posted January 21, 2021 Share Posted January 21, 2021 21 minutes ago, Mcguigan said: Definitely yes, no doubts we’re working towards it but we’re talking about a wage bill for 21/22. My concern about the points deduction relates to 18/19. The stadium sale was not allowed in the 2017-18 accounts so will be in the 2018-19 accounts for EFL purposes. If the stadium was allowed in 2017-18 then it would have showed a profit, so by that reckoning the 2018-19 accounts will show a profit if all other aspect are similar or a small loss if wages remained the same but sales dropped slightly. Any losses certainly shouldn't be more than £13M on this basis. Link to comment Share on other sites More sharing options...
Salmonbones Posted January 21, 2021 Share Posted January 21, 2021 39 minutes ago, hirstyboywonder said: The stadium sale was not allowed in the 2017-18 accounts so will be in the 2018-19 accounts for EFL purposes. If the stadium was allowed in 2017-18 then it would have showed a profit, so by that reckoning the 2018-19 accounts will show a profit if all other aspect are similar or a small loss if wages remained the same but sales dropped slightly. Any losses certainly shouldn't be more than £13M on this basis. The stadium sale won't be allowed in 2018-19 either - not for EFL purposes anyway. We have lost the ability now to use the sale of the ground - we had one shot, we lost it. Essentially selling the ground now cannot help us with P&L. It was a waste of time. Link to comment Share on other sites More sharing options...
Guest Posted January 21, 2021 Share Posted January 21, 2021 1 minute ago, Salmonbones said: The stadium sale won't be allowed in 2018-19 either - not for EFL purposes anyway. We have lost the ability now to use the sale of the ground - we had one shot, we lost it. Essentially selling the ground now cannot help us with P&L. It was a waste of time. The 'sale' happened, the ruling was that it was not correctly dated. By the rules the sale itself was not the issue. It will be allowed. Link to comment Share on other sites More sharing options...
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