Ah right, I reckon my club has to be pretty close to going under if Scally is losing £1.5M - if I was him, I'd be bailing out at the earliest opportunity, my other worry regarding the loan(s) is it could be what owners are waiting for, paying off the debt then walking out the door. All bollocks on my part, but I just wonder how close to the truth that is. Would I walk, bloody right I would if I was an owner.
Yeah this ^ So if L1 was due say £15m a year and they’d agreed to repay £15m over a decade then they’d get £13.5m a year instead.
A really good mate of mine came within a whisker of buying an EFL club a few years back, he’s a lifelong fan and is worth a few quid and could have bought it for the value of the overdraft which was about £1m at the time. Fortunately he bottled it at the 11th hour, I feared for him tbh, as it’d have sucked his cash and owners are invariably disliked unless the team is winning. It’s rare that owners in the EFL get a pay back for their time and wedge. No idea why the **** they do it tbh.
Is it? Wasn’t for my mate, he genuinely thought he could make some dosh out of it via an exit strategy.
I always said, I would never buy my club, I just wouldn't want the stress, and supporters are never happy. I would donate to it, but never buy it.
Unless you’re a billionaire and it’s literally a plaything that you get other people to run and you just rock up every week and sit in the best seat in the house. I just don’t get it, but plenty of clever, wealthy blokes have trodden the same well worn path and pissed away a massive chunk of their wealth in doing so.
If you've got a decent bit to invest and it's an underachieving club there's an opportunity to make a bit if you can get them up to the PL. See us for a good example. Obviously not without risks of course but Sunderland would be the one to target at the minute, pre pandemic anyway lol.
If you look at major USA sports (nfl, nba,mlb) then most have wage caps and team spending limits so that no club has an advantage moneywise, this means that the best players and highest earners can’t all play for a handful of clubs so have to play in whatever team can afford them. this came about because of a variety of reasons: the TV companies started limiting the amount they spent on sports as ratings dwindled; the owners realised that they couldn’t make any money if they spent all their income on wages; and fans got disinterested in only the richest teams and the same teams always winning. This has resulted in different teams winning and no one team having a monopoly, fans and tv ratings are better as leagues are competitive. if we had a wage cap and spending limit in the PL - set at a level that all clubs could afford, then the best players would have to play in all 20 PL teams, and the best coached team would win the league and it wouldn’t be won by ones with the most expensive squads. i know City/Chelsea/United/Pool wouldn’t like this but it is actually the only way the PL can survive, as always having the same winners is ****e - just look at Barca/RM, PSG, Juventus, they always win their leagues and it’s boring as it’s predictable.
I think we'd be a great purchase. The fanbase is there, we own the stadium with an option to extend to 63k if it was ever needed. Our facilities are better than half of the premier league. Our owner is a cockwomble, though.
Yeah very similar to us back in '09 in that the infrastructure is all there ready to go (stadium, academy etc) but the club has been grossly mismanaged leading to its lowly position. Our owner bought us and paid all our debts off for circa £30m. 80% of it was sold less than a decade later for £180m.
Socialist soccer? I'm out, mate. Ratings aren't dwindling here. Our fans don't get disinterested, it's not like Scotland or Spain, where we've known forever it's only a two horse race. It changes a fair bit.
Yeah you’d be a decent bet if someone with fairly deep pockets came in. Still no guarantee of getting you back in the PL though, within a short time frame at least.
I think we have to be at least a decade behind the progress of American sports, such as the ones you've listed. Then that financial progress (1992) moves to and influences the introduction of the Premier League. I've often joked over the new Spurs stadium build, and made comments such as selling their soul to NFL. But aside from the banter, it's not just Tottenham but the whole of English and Welsh football, it's become dominated by a power struggle. I don't believe even with this change of heart in dropping their obscene plans, that any small footsteps have been made in the right direction. I think it will take the TV broadcasters to enforce that. Eventually the bubble has to burst, when it does the Premier League clubs will have to start introducing caps in the same way the Americans have. I suppose my question to all this, who will be the modern day Jimmy Hill to see this one over the line. The biggest hurdle for the broadcasters is about to come to the table, will UK subscribers pay for PPV, in the same way the Americans do... https://www.statista.com/outlook/205/109/pay-per-view--tvod-/united-states
Can you give me a better name, that can change the financial aspect of English/Welsh football and the lifting/introduction of pay caps, because what I'm asking for is the reverse of what JH brought about. I can't think of another name, more than happy to use one, if you can think of someone with similar influence.
Sky has ****ed it all mate. Remember when Clough refused to make (can't remember name) the first £1m player. Maybe we are just 2 old cloggers, and despise the changes.
Scroll down to United Kingdom and Ireland it makes an interesting read... https://en.wikipedia.org/wiki/Pay-per-view It also makes reference to this, I think this might have been something @Tobes mentioned the other day... https://en.wikipedia.org/wiki/PremPlus To me that demonstrates that PPV is not popular in the UK, hence why I say the bubble will have to burst at some point, because it can't progress any further without PPV, unless a new idea is thought out and accepted by the subscribers.
