Even though there are a few of us footy fans that disagree with my argument regarding parachute payments and or investment being the main drivers for gaining promotion into the Premiership. You cannot argue with the stats and the present Championship league positions. As stated in the earlier thread Leeds are the only team in the top 10 who have had no parachute payments or huge investment into the team. Burnley are doing really well but have only recently stopped recieving parachute payments. When you look at all the team in the Premiership that have been promoted in recent years, you see a pattern. There are 2 clubs (Which we should have fallen into) who were established Premiership teams but through mismanagement got relegated. Newcastle and West Ham and both teams bounced straight back up that season. Looking at the rest (Besides WBA who thrive on bouncing and have perfected it to the stage where they are now secure) you have to say that all the teams were given a huge investment of cash from new owners, or in the case of Swansea were helped (Illegally in my opinion) Hull, Southampton, Cardiff, Palace all had new owners. Norwich took a gamble the same season they were promited from L1 with us, and I quote "This club can flounder in L1 or thrive in the Premiership. The only way we can do this is to take a punt on the manager and try and afford him the tools to do his job, so we intend to take this option" This was a statement that the new Chairman of the club made with the backing of his board. That season they won back to back promotions because they invested, when Bates refused to back Grayson because we were top 6 all season. We failed and Norwich thrived. All those clubs also own their ground (Except Swansea) which is a massive boost to revenues. Swansea for years and years were a struggling club (Besides having Alan Curtis on the staff) The council built them the Liberty Stadium and charge them a peppercorn rent, which is unfair on the rest of us. It also allowed the club to make a lot of cash from the sale of the vetchfield stadium. One very intersting statistic is regarding Reading. Yes they were in the process of getting new investment from the Russian geezer, but at the time JM was still in charge. He never handed over masses of cash and the manager traded in the lower reaches of the leagues to find talent and mould a team. That manager didn't have a great start to the season but managed to win promotion on a shoe string. So BMD has bucked the trend by doing it without huge cash injections or parachute payments. Blackpool also did this the first time under Holloway, because he built a team of nobodies and made them hard to beat. When Blackpool started in the prem they were still on the verge of going into administration because of a bent rapist owner. They had to play matches away from home because they had to build a new stand to conform to prem rules. These 2 clubs are the only clubs in recent years who have gained promotion without new owners/funds or parachute payments. Rewarding failure in the Premiership allows an unfair advantage in the Championship. If the foxes fail to go up this season it will be bye bye manager
Well said Doc. Of course we need substantial investment to get promoted and a hell of a lot more to get there. Those preaching otherwise are deluded or simply hiding from the fact. We've been very fortunate with injuries so far thankfully because as mediocre as our first eleven are, we are paper thin in the reserve department. Unfortunately, the Hunts and Varneys will likely be required at some point and thats when our weaknesses will be clear I fear
Doc, agree with the fact that parachute payments mean a lot. They were introduced to help relegated clubs to honour their wage commitments, as they would be left with quite a few players on fat salaries they couldn't move on. Some clubs gamble in their first season down and try to not only keep most of their squad, but also add to them. Pompey tried this and look where they are now. Ultimately it is a good manager with a supportive board that gets you up though, not parachute payments alone. For me, McD is doing it right for now, not committing the club to spending massively, and building a winning mentality that is needed if you want to play for a club like Leeds.
Doc, agree with the fact that parachute payments mean a lot. They were introduced to help relegated clubs to honour their wage commitments, as they would be left with quite a few players on fat salaries they couldn't move on. Some clubs gamble in their first season down and try to not only keep most of their squad, but also add to them. Pompey tried this and look where they are now. Ultimately it is a good manager with a supportive board that gets you up though, not parachute payments alone. For me, McD is doing it right for now, not committing the club to spending massively, and building a winning mentality that is needed if you want to play for a club like Leeds.
Doc, agree with the fact that parachute payments mean a lot. They were introduced to help relegated clubs to honour their wage commitments, as they would be left with quite a few players on fat salaries they couldn't move on. Some clubs gamble in their first season down and try to not only keep most of their squad, but also add to them. Pompey tried this and look where they are now. Ultimately it is a good manager with a supportive board that gets you up though, not parachute payments alone. For me, McD is doing it right for now, not committing the club to spending massively, and building a winning mentality that is needed if you want to play for a club like Leeds.
Agreed but before we carried away, we've lost as many as we've won this season, so it hardly qualifies as a winning mentality yet
Billy you can go back as far as you want, but you will never get away from the fact that promotion from this league is only done with either parachute money or new investment/owners. Last seasons top 8 were Cardiff, Hull, Watford, Brighton, Palace, Leicester, Bolton, Forest. All with rich new owners investing in the team, except for Bolton who had parachute cash. Season before top 11 were: Reading, Southampton, West Ham, Birmingham, Blackpool, Cardiff, Middlesboro, Hull, Leiecester, Brighton and Watford. Reading did it clean and of the rest West Ham, Birmingham, Blackpool, and Middelsboro all had parachute cash and the rest had new owners. Theres no getting away from it and the parachute game is easy to play these days if a club has break clauses in contracts in the case of relegation from the prem. This means they dont suffer financially in fact they just bank £12m
Can anyone else come up with a team who managed to get promotion who didn't have new rich owners or parachute payments. I can only think of 2 and thats Blackpool and Reading. All the other promoted teams and teams who were in the top 8 to top 12 positions were teams who had parachute cash or rich owners. So as it has only happened with 2 teams over the last 5 years thats odds of 120/1. If this was a level playing field the odds would be 22/1. We're playing with a rigged deck guys
When Simon Jordan sold up at Palace the new owners weren't mega rich, they were successful self made businessmen and lifelong fans of the club. Didn't invest huge amounts in the team, and I don't think they were still receiving parachute money from the last time they got relegated from the prem (hard to keep track of them as they only ever last one season at a time in the top flight) They got a great academy though, and Dougie got them off to a good start, which Holloway then continued.
I think we all understand your point, not even sure we needed a new thread to say the same thing. Your point is valid but we have heard it. Can I suggest moving on/ merging the threads?
Did you know that ........ Obviously glory has a low boredom threshold All I'm trying to do is justify the reason why we're still down in this shyte league. I'm sick of blaming managers and some players and tactics. I'm just of the opinion that Ken Bates stole our club and our enjoyment. I'm also of the opinion that the league is unfair because of parachute payments. I'm trying to keep off the back of the manager and players because I can see the problems they have, and the reality is they're doing a good job under the circumstances.
Reading had 3 lots of parachute payments the 3 seasons before they were promoted though - also Madjeski only paid half of the cost to build their new stadium with the council paying the other half (bit like Swansea eh?)
I look forward to the "punching some fecker above his weight" thread. It will only mean someone has twatted G.C.
The Crippled Alice co-owners are : Steve Parish - founder of TAG Worldwide which he sold to Williams Lee in 2011 for £350M Stephen Browett - Owner of Farr Vintners Wine Merchants which he sold 50% of to a Chinese businessman for $300M in 2008. Martin Long Founder of Direct Line Insurance which he sold for £120M and then founded Churchill Insurance which he sold 25% of for £50M Jeremy Hosking - Owner of Marathon Assett management and has a net worth of £205M (his value has doubled in last 4 years) Like to know what you class as "mega-rich then mate"
Norwich took 7 seasons to return to the PL, so had no such payments for many seasons, nor did they have a rich owner to plough in loads of money. The same season, QPR went up and didn't exactly have a strong financial backing either, and certainly no parachute payments.
