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clubs to reject Championship salary cap


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1 hour ago, Salmonbones said:

 

Accounts are one thing.   

 

P&S is another

 

Our accounts were accepted, but the EFL said that the ground sale was incorrect - hence they will not allow it in a future years accounts. 

 

We had one shot, we messed up and lost the chance to use it ever again.

And why did they say it was incorrect, answer to that explains why your wrong

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3 hours 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.

 

Objectively, we must at least consider challenging this. Yes, they may well be challenging for the pot of gold; Yet do you need to consider that chairmen/owners respond to the turn style clicks and the jingle of produce sold and season tickets.   

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Quite simply, owners should be allowed to spend whatever they want as long as they are prepared to put future losses into an escrow account. 

 

So, let's say for arguments sake, Wednesday are losing £25m a season, if DC wants to carry on like that, no problem. He should have to put £125m in escrow to cover the next 5 years losses by which time all the contracts will be up and the club will be able to reorganise even if he wakes up tomorrow morning and decides he's not putting another penny in.

 

Haven't got £125m? No problem, organise your business so it's not losing £25m a year.

 

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1 minute ago, londonowl said:

Quite simply, owners should be allowed to spend whatever they want as long as they are prepared to put future losses into an escrow account. 

 

So, let's say for arguments sake, Wednesday are losing £25m a season, if DC wants to carry on like that, no problem. He should have to put £125m in escrow to cover the next 5 years losses by which time all the contracts will be up and the club will be able to reorganise even if he wakes up tomorrow morning and decides he's not putting another penny in.

 

Haven't got £125m? No problem, organise your business so it's not losing £25m a year.

 

Can guarantee those who have £125 m don't want to tie it up in an account marking no return.

 

Owners with funds should guarantee personally the contracts  future losses

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4 hours 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. 

 


It makes sense why a club would reject it, but going forward absolutely something that should be enforced throughout the Football League.

If anything in the short term, a salary cap should be proportional to a teams income. But again the list is endless to why clubs, especially bigger/wealthier clubs would veto this to the hills.

 

If you’re a relegated former PL team or promotion chasing there’s no way you would vote against this. Risk losing your best players and seriously limit the ability to flex your financial muscle and make that big push up the table. 
 

Interestingly the salary cap system is almost perfect in the US for the NBA & NFL...but perhaps impossible to apply to a worldwide football market. SO many complications as it’s a global sport with essentially free trade across all leagues , teams and almost no regulation. The biggest issue is that the commercial side in football is so insanely lucrative there will never ever be any form of financial limitations/regulations for the ‘big clubs’ because too many people just make too much money. 

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12 minutes ago, wellbeaten-the-owl said:

Can guarantee those who have £125 m don't want to tie it up in an account marking no return.

 

That's kinda the point...put up or shut up. Make whatever losses you want if you are prepared to back them up. If you are not then you shouldn't be putting the club at risk by leveraging it against your own losses.

 

 

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1 hour ago, hirstyboywonder said:

 

But just because some owners are said to have money, it doesn't mean they can afford it. The owners of Leeds, Southampton, Leicester etc will have shown funding on paper that should have been able to cover club losses but the reality was that they didn't or wouldn't commit the money to cover the losses.

Unless you put bonds or guarantees in place for owners to cover substantial losses then it might look sustainable based on their wealth but it might not be supported.  


it’s just a business...if they go bust they go bust. P&S doesn’t stop them going bust...but it might contribute towards it because it guarantees nothing by preventing with it attempts to prevent.

 

How is a points deduction contributing to  sustainability? It’s the wrong vehicle used for the wrong purposes and the consequences of it are harmful...that’s just a race to the bottom

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18 minutes ago, toooldforthis said:


it’s just a business...if they go bust they go bust. P&S doesn’t stop them going bust...but it might contribute towards it because it guarantees nothing by preventing with it attempts to prevent.

 

How is a points deduction contributing to  sustainability? It’s the wrong vehicle used for the wrong purposes and the consequences of it are harmful...that’s just a race to the bottom

 

The principles of it are supposed to prevent teams from going bust/getting into serious financial trouble.

I agreed with you that in its current guise it isn't effective. 

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3 hours 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.

 

 

Eh? Where's that come from?

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8 hours ago, toooldforthis said:


Our owners are billionaires and affordability should be the measure not some arbitrary one size fits all cap.

 

Wycombe budget should not be the same as Wednesday budget...but they should have to be able to afford their budgets.

 

No ‘big’ clubs have ever gone bust in any league...small clubs go bust. More of them will go bust this year.

 

Our owners are billionaires but are struggling with paying the wages, refund the season tickets and buy anymore players.

I think his money has dried up. If it wasn't for FFP / P&S Chansiri would have spent more money badly & caused more problems.

Under P&S Wycombe and our budgets are still nowhere near the same 

 

Reasonable sized clubs like Coventry, Portsmouth and Bolton have tumbled down the leagues when badly run and hit financial problems. The signs are Wednesday are going to be next.

 

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