Interesting piece that originated in The Independent..... The 20 Premier League captains were at first stunned, and then apoplectic. The mood has not changed much since, and could have significant repercussions. When the Premier League issued a wide-ranging statement on 3 April that said they may ask the players for a 30 per cent wage cut or deferral, the assumption from many – and even some of the most prominent figures in the game – was that this had at least been run past the captains, or the Professional Footballers’s Association (PFA). That actually hadn’t been the case, which makes it all the more remarkable that the clubs talked themselves down from an initial figure of 40 per cent in that Friday videoconference. https://www.msn.com/en-ie/sport/pre...nt-against-owners/ar-BB12ByCw?ocid=spartandhp
This from Beeb website....a piece about clubs in Championship 'Clubs at every level are at risk' - the financial nightmare facing football..... https://www.bbc.com/sport/football/52275018
Ultimately, the players will lose out big-time. Despite their giving whatever it is to the NHS Charities the amount they are costing their clubs has registered and there will be a massive correction further down the line. This has exposed just how much players take out of the game along with their agents. The fact that many seemingly 'rich' Premier League clubs will have difficulty going more than a couple of months before hitting the financial wall has shocked the game to the core and shows what a 'House of Cards' football really is. I'm sure next season may see several clubs at various levels go under and non-league may be far worse. It will be interesting to see the government's response if football looks for a bail-out, much as I enjoy the game they would be bottom of the pile especially Premier League clubs...
Looks like Uncle Tony is planning diversify his business - if it comes off he could easily recoup any losses that the airline has endured... The airline founder building Asia’s next super app By Justin Harper BBC News please log in to view this image Image copyrightGETTY IMAGES AirAsia’s founder Tony Fernandes is building what he hopes will be the region’s next "super app" as he deals with the coronavirus travel downturn. He wants to rival the likes of Grab, GoJek and WeChat with an all-in-one app for food delivery, shopping, payments, entertainment and travel. As the airline’s boss, he has been looking at new ways to generate income while his planes were grounded. AirAsia has struggled during the pandemic and cut 30% of its staff. In an interview with the BBC, Mr Fernandes said he has spent his time during the travel slump improving the AirAsia app and the company's payments platform BigPay. "The downturn was a blessing in disguise in some ways as it allowed us to focus more on it. Running an airline takes up a lot of our time but we have been given the opportunity and time to focus on our digital business." AirAsia already has a "rich database" of over 60 million users as its starting point. The AirAsia app, which also offers users a messaging service, has set its sights on super apps like Singapore-based Grab, Indonesia’s GoJek and China’s Meituan. "AirAsia has always been a digital company. We were one of the first airlines to sell online. It’s in our bloodstream," added Mr Fernandes, who is also a major shareholder of English football club Queen’s Park Rangers (QPR). "I know a super app sounds like a lofty target but Grab and GoJek also started out small as food or mobility apps. Plus people also questioned me the same way when I said I wanted to start AirAsia." Mr Fernandes’ airline has now grown to become Asia’s biggest budget carrier. please log in to view this image Image copyrightGETTY IMAGES Image captionThai pop star Jannine Weigel is the first major signing to Tony Fernandes' RedRecords Making music Last year AirAsia launched its own record label called RedRecords in partnership with Universal Music. The aim is to discover stars from South East Asia who will appeal to a Western audience. The first major signing, Thai pop star Jannine Weigel, has already built up millions of followers across social media. "Boy have we got something special with the record label. The Koreans have shown how Asian music can appeal to a global audience with K-pop and there is huge potential for South East Asia." "This also helps us engage with a younger audience and gives lots of content for our app."
One thing is certain - I'm very glad that the club has been steadily cutting the wage bill over the last three / four years, selling players for ££ where they can, maintaining our league position, and bringing through younger players. All of that without having to sell the ground to our owners in some dodgy deal and (eventually) buying our own training ground and (even more incredible) our own striker! That's been no small feat, despite being naturally frustrating at times. We're now in a much better position than many other championship clubs as a result and thank goodness this didn't happen three years ago.
Looks like he’ll be third or fourth to market in South East Asia for this app, so it better be much better than the other ones already in place. It certainly won’t make him the kind of money he needs to salvage his airline in the short term. It is however exactly his business model - take someone else’s idea and exploit it in a geographic market he knows well, so it might work (no criticism implied - his strength has always been taking risks rather than creativity).
Agreed - but he also already has a database of 60 million users of his airlines app, which is a good start for any business venture
This seemed as good a thread as any to post this as did not want to start a new thread. I was watching MOTD over the weekend and found myself considering teams like Leicester, Wolves and Palace all of whom we used to play regularly and beat as often as lose . The gap between them and us now seems so great, it's hard to see how we can catch up! Having blown two chances at the PL and wasted a container load full of cash, can any of you really see us getting to the level of these three teams who now seem established PL teams? I know things can change quickly in any sport but I suspect we are destined to be Championship fodder for a fair few years to come yet. Hope someone will tell me why I'm wrong!
Gambling will always bring more losers than winners. We see it every season (and have been a party to it with calamitous effect). However, Leicester have shown it can be done. It’s a long and treacherous road though. I don’t see us taking that highway again anytime soon. Fortunately (?) we seem to have put our house in order with fairly good timing (is there ever a good time for such events) and can hopefully ride out this season with a minimum of disaster to reset for next season (and some new midfield rising star )
RTID, To answer your question, l think we would be lucky to stay in the Championship the longer we are in it. Year after year, we more or less scrap in with a few late wins at the end of the season, to keep us I it. One year, we may not be so lucky. We seem to be sliding further away from reach of the PL as time goes on. Anyone decent, we sell...... and then, we always buy someone of a lessor skill level. Yet, we are expected keep abreast of all the other teams. In a true business like manner, if you want to achieve the same result as last year or better, you need to invest 25% more than previously........ we are not. We are expecting the same results as last year, but with less of everything. Real head in the sand stuff. Maybe l should be just content that we are staying afloat but it l’m not. I’m feed up seeing the team take one step forward and two back.
And there is one of the key points. Brentford sell Watkins and Benrama (and we hope they will implode as a result) and up pops Ivan Toney (from Peterborough!!) who is scoring for fun. We got Conor Washington from Peterborough. Nuff said!!!!! Assuming Bees are vaguely trying to stick to FFP and not paying their players gazillions, how did we lose such a gem as Toney? Not complaining about Dykes mind you!
He cost between £5m - £10m I think. We no longer play in that ballpark. Nor did they until they started selling and investing each year.
Still pisses me off to think about the way we blew our Premier League chances, not once but twice!! Could be a while before we get that chance again.
That was my first thought too. It's as much that we weren't properly prepared to go up as that we blew our chance when up. Really hoping that lesson has been learnt.