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Great gesture

Discussion in 'Swansea City' started by Matthew Bound Still Lurks, Apr 2, 2020.

  1. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    #1
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  2. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    A decent gesture Matt - but they are not salary/ wage cuts as Eddie Howe and Graham Potter have apparently agreed to - these are deferrals ie this suggests that when this is over, the deferred monies will be paid to them. So not a wage cut but a timing ‘issue’ <cheers>
     
    #2
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  3. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    Hope you're wrong but I suspect not
     
    #3
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  4. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Matt - deferral is a ‘strange’ word to use if it is a ‘real’ cut ....... <cheers>
     
    #4
  5. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    English footballers resist calls for pay cuts during crisis

    English football players are resisting calls to accept sweeping pay cuts, as clubs seek to address a deepening cash crunch in the national game caused by the coronavirus pandemic. This week, the top-tier Premier League and the English Football League, which runs the three professional divisions below, have been locked in crisis talks with the Professional Footballers’ Association, the trade body for players. At stake is how losses incurred while fixtures are suspended during the Covid-19 lockdown are shared over the coming months.

    The leagues and clubs want players to accept temporary salary cuts with all games postponed until May at the earliest. But the PFA, led by chief executive Gordon Taylor, has so far rejected that and instead sought a deferral of wages, wanting all playing contracts to be fully realised after the shutdown has passed. The two sides are under increasing pressure to find a resolution, with politicians attacking the actions of some Premier League teams, including Tottenham Hotspur, Newcastle United and Norwich City. They have declared they will use the UK government’s furlough scheme to fund the wages of non-playing staff, without having first agreed cuts with high-earning footballers. “It sticks in the throat,” said Julian Knight, chair of the digital, culture, media and sport committee of MPs. “This exposes the crazy economics in English football and the moral vacuum at its centre.” On Thursday, Mr Knight called on the UK chancellor Rishi Sunak to impose a “windfall tax” on clubs that are unable to agree significant player pay cuts “to reimburse those hit hardest in the pocket”, if a deal cannot be reached by Tuesday. Leading clubs in Europe, such as Spain’s FC Barcelona, Italy’s Juventus and Germany’s Bayern Munich have agreed temporary pay cuts with players in the past week. Barcelona players have accepted cuts of 70 per cent, Bayern Munich 20 per cent, while at Juventus players have waived salaries for four months. The Premier League estimates that its 20 member clubs face a potential shortfall of £750m in television, match-day and sponsorship income after all matches were suspended last month. Wages in the Premier League clubs are a collective £2.9bn, representing 59 per cent of all revenues, according to consultancy Deloitte. Football industry executives in the lower divisions have warned of catastrophic losses caused by the hiatus, warning some smaller clubs are at risk of going bust unless they can slash costs. Recommended AnalysisFootball Manchester United just as vulnerable in virus shutdown “There is no income,” said Andrea Radrizzani, owner of Leeds United, one of the few English teams to have agreed voluntary pay cuts with players and coaches. “It’s already a lossmaking business as we’re trying to be competitive . . . and we’re injecting capital every year. But this situation makes everything much worse.” The PFA is reluctant to agree to pay cuts and is particularly concerned about the strain that would cause less well-paid players in lower divisions, according to people familiar with the talks. The Premier League wants a resolution by Friday, when it is due to hold a meeting of its member clubs.

    This week, Tottenham filed annual accounts showing that its chief executive Daniel Levy earned £7m in the 12 months to June 30 2019, including a £3m bonus for completing its new stadium. The club reported pre-tax profits of £68.5m on revenues of £460.7m. The club said on Tuesday that it intended to “reduce costs . . . in order to protect jobs”, slashing the pay of all 550 non-playing directors and employees for the next two months by 20 per cent and tapping the government’s furlough scheme to make up the remainder of wages. Mr Levy, who is among those to take a 20 per cent pay cut, said he hoped that discussions between the leagues and footballers’ union “will result in players and coaches doing their bit for the football eco-system”.

    FT.com
     
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  6. azzuriswan

    azzuriswan Well-Known Member

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    Top footballers are just greedy b........! The usual it’s a short career......the more I think about it the more I hope that the government make the lay off even longer than needed so that the tv companies pull the plug as they are paying for nothing a5 the moment...
     
    #6
  7. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    Income from gate receipts are just a fraction of income to certainly the PL clubs so I imagine the Clubs have still had their share of TV money ? If there can be any good to come out of this current crisis it has to be a re evaluation of whats important in people's lives and to me right now football isn't certainly not at the professional level and definitely not the PL
     
    #7
  8. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Apparently, the TV companies have legally ‘watertight’ contracts that they are able to broadcast each and every game that they have paid for eg a block of 20 matches means 20 matches.

    If not, they have the right to withhold or recover monies paid, depending on the situation at the time of the cessation of matches.

    That is why the EPL is so determined to play on and finish the season - it’s all about money ...
     
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  9. azzuriswan

    azzuriswan Well-Known Member

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    And how many of the sports loving public out there including me have pulled the plug on sky sports?
     
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  10. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Windfall profits for Sky and BT .... <cheers>
     
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  11. daimungeezer

    daimungeezer Well-Known Member

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    #11
  12. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Confirmation:

    https://www.bbc.co.uk/sport/football/52168692
     
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  13. neveroffsidereff

    neveroffsidereff Well-Known Member

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    #13
  14. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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  15. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Swansea City can confirm that the club’s first team squad has agreed to take a 20% conditional wage deferral for the next three months as football continues to come to terms with the economic challenges caused by the Coronavirus pandemic.

    Chairman Trevor Birch, head coach Steve Cooper and his backroom staff, sporting director Leon Britton and senior members of the club’s office staff have also agreed to take wage deferrals for the months of April, May and June.

    The wage deferrals are conditional in that the club repay the amount sacrificed over a 12-month period once football resumes in front of crowds again.

    The club worked with the PFA and the players on finalising the deferrals.

    “I would like to thank the players and staff for their cooperation and understanding during these difficult times,’’ said Trevor Birch.

    “Swansea is a close-knit, family club, and there was an overwhelming desire from everyone to help protect the future of the football club for the supporters, the jobs of dedicated staff working within club, and the community that is so important to us all.

    “The ever-evolving Coronavirus crisis continues to present many personal and business challenges, but we are all determined to do the best for Swansea City and its long-term future.”

    Swans skipper, Matt Grimes, commented: “The squad was fully behind the decision. It was about making the right decision, the best decision, for Swansea City and the supporters, the community and those who work within the football club.

    “We are all in this together, especially during these difficult times, and it is vital we emerge from this crisis with the heart of the football club beating strong.’’

    Swans head coach, Steve Cooper, added: “We've all come to realise that the most important thing is the safety and health of everybody. Only after that can we think about football starting again.

    "In the meantime, it was vital we were able to take these steps to protect the football club and what it means to the people of Swansea and even the wider football community.

    "The players have shown a fantastic awareness of the situation and taking these steps proves they know and appreciate their responsibilities, and we are grateful for that."

    The Swansea chairman did have this word of warning though: “There are likely to be more testing times ahead for the club, and football in general, and these deferrals will only assist cashflow in the short term.

    “There are a number of clearly important issues which still need to be decided on, not least of which is the finishing of this season together with the fate of players whose contracts expire on June 30.

    "Together with our season-long loan players, this affects 12 first-team squad members. We will closely assess the situation over the next few weeks as the picture hopefully becomes clearer.”
     
    #15
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  16. azzuriswan

    azzuriswan Well-Known Member

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    bettero late than never
     
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  17. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    But no cuts - just taking the cash at a later date.
     
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  18. Matthew Bound Still Lurks

    Matthew Bound Still Lurks Well-Known Member

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    I'm trying not to think about the implications to the Club for the future just not short term , we could come very much unstuck should this continue into the Autumn
     
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  19. Taffvalerowdy

    Taffvalerowdy Well-Known Member

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    Many clubs could be in a similar situation - would/could be a big call for the Yanks re (further) investment.
     
    #19
  20. TheRealBubbles

    TheRealBubbles Well-Known Member

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    Did they furlough the non playing staff?
     
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