Not606 works on a similar budget to the Gills though tbf the wages budget is a tad lower .Not sure using Gillingham as an example works tbh. Some national league clubs operate on a bigger budget than the Gills
project big picture
- Thread starter CFC: Champs £launderx17
- Start date
-
Please bear with us on the new site integration and fixing any known bugs over the coming days. If you can not log in please try resetting your password and check your spam box. If you have tried these steps and are still struggling email [email protected] with your username/registered email address
-
Ignore them mate, pieguts troublemaker
When Scally took over the club for £1 or 1 peppercorn whatever it was, he put us through a stadium rebuild, which was being paid for by On-Digital/ITV Digital, whatever the name was at the time. However, they went bust and we got left with £10M to pay. Hence why our away stand is scaffolding.
Anyhow then the finacial crash happened, and as I don't fancy getting sued....erm....£10M debt, er, I don't what happened to it.
So hopefully with the economy fooked, this £1.5M can be scrubbed out as well by the tooth fairy.
The last figures I can find for the total turnover of League 1 is for the 17/18 season, but the entire turnover was £146m that season, which was the same as the previous season, so I doubt it’s risen much since. Scally said their total turnover was usually circa £6m btw, so by my maths that looks fairly average for that division.Not sure using Gillingham as an example works tbh. Some national league clubs operate on a bigger budget than the Gills
L2 was £91m, so both divisions total turnover was £237m.
The £1.5m shortfall is 25% of the Gills total annual turnover, so mirrored across both leagues that equates to circa £60m.
And to end a beautiful week both Newcastle and Everton win on Saturday.Good to see that this **** has been lobbed in the bin
Not been on there for beards. but I’d wager that the hardcore Kopites from Exeter are fuming about our Denise demanding their Sherman’s apologise.
I’d also not be surprised if a fair chunk of them thought the whole idea was sound, Socialist FC though.....
From the few pages I've read it's about 50-50 but the ones that were for it seem quite upset now.
Plenty of Astro’s around on RAWK then, shocked.
Tbf I’ve seen some half arsed defence of their stance, which is likely just the cult loyalty kicking in, but no one barring Captain Plastic has outright backed it on here I don’t think.
One million quid would see the likes of Harrogate Town in league 2 for a full season.
Yes it is, not seen what the repayment schedule is, but I’d expect it’s long.
It don't appear to have gone down well with my lot. I think because it's being given as an interest free loan, but the supporters are seeing it as buying 48 clubs, for money they've actually got to pay back at some point. Yes it's a bail out, but at what cost to those clubs in the future. My club will never afford to pay back a loan.
Cheers fella, it would be good if the likes of Sunderland, Ipswich, Charlton and Pompey could take full hand out as loans and allow the more financially stricken clubs to take their payments as mostly grants with only a small percentage to pay back as a loan. I don't think it will happen, though.
It would although those clubs will be losing considerably more in revenue presumably. Particularly you lot.
Definitely need to see more detail about it to decide how good it all is.
A loan should be a last ditch effort for a club going under. The vast majority of clubs in league one and two aren't under immediate threat. This isn't a hand-out like it's being presented, it's buying early votes with what is to come and the prem get the majority of their 'hand-out' back to them over time.
I would imagine clubs like Sunderland, Hull and Charlton have far larger wage bills as well.