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Post by Deleted on Sept 17, 2020 12:47:14 GMT
IMO if premier league clubs started bailing out every club that goes bust, that would be even more detrimental for the future of lower league football. What incentive would there be to run a club sustainably? Imagine the meltdown on here if every other club was splashing cash then getting handouts cuz there bubble had burst, but WAQ wasnt cuz he wanted to continue running sustainably? If you ran a pub, and you went bankrup cuz of whatever reason, should wetherspoons hand you over a cheque and say try again? Failing Companies get bailed out all the time. By competitors higher up the food chain?
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Post by puregas on Sept 17, 2020 13:22:40 GMT
They were in the s**t, it's happened, and they needed help. Nothing to do with expecting someone to bail you out.
After listening to a homeless person's story, you don't refuse to give him money as you didn't like the way he ran his life. You accept that he may have made the wrong choice or choices along the way, and help him anyway. (Well, I hope you do!)
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Post by yaz on Sept 17, 2020 14:30:39 GMT
Given they have even started building a new stadium at Fossetts Farm the HMRC will have a long wait for their money if they wait for the money from the sale of those 500 homes due to be built at Roots Hall. It's looks bleak times if your a Suffend fan. Although something doesn't seem right about the HMRC forcing football clubs out of existence this summer, whilst the Government is handing out billions on furloughed workers and the Eat to Save scheme etc. I agree but if you bail one club out what about others? This country bailed the banks out for very similar reasons; banks overstretching their money for quick commissions profits without due consideration of risks? £190K to HMRC is a drop of the ball in ..... The club could have been saved with the proviso that it then becomes owned by its supporters and other interested parties like the community, etc. It would also be then Covenanted that it could never be sold as a commercial business?
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Post by yaz on Sept 17, 2020 14:45:16 GMT
It is no defence of the disgusting greed of the Premier, to suggest that they look after grass roots, and pay more in transfers. The grass roots they look after is purely to benefit themselves in the future. That's similar to defending Jeff Bezos, or the fact that the world's top ten billionaires have more wealth than 50% of the world's population. Hereford went out of existence for £50k, and nobody could be bothered to help out. A whole community, and a whole town, was affected. It took a comedian, Omid Djalili, to set up a free gig to raise funds, but sadly, it wasn't enough. Premier players should hang their heads in shame, but they won't, as they couldn't give a sh**. The Premier is a disgusting, disgraceful, capitalist organisation, that is morally bankrupt, and anybody supporting a Premier side is unfortunately, endorsing its greed. Agree with the theme behind this but all clubs including ours fit the same picture? If we ever get to dizzier heights, what would we do? Why did we need to get bailed out? Why were we running at a loss of > £1.5M per annum? Football is now a business; that’s what the Premier League did to a large extent? and is largely out of the control of ordinary fans. The only way to safeguard clubs is to put tighter regulations In around ownership and to Independently review A clubs financial position on an ongoing basis to identify problem areas? Accounts on an annual basis will not do that? Additional football-specific regulations need to be considered , put into place and enforced with penalties that could ultimately take away ownership and make the club a public entity? Who would do this? EFL? A Football Commission independent of football? I don’t see any progress in the future but more and more clubs going bust with the biggest clubs moving towards a European Super League and the rest as feeders to the big boys?
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Post by Topper Gas on Sept 17, 2020 15:05:15 GMT
Given they have even started building a new stadium at Fossetts Farm the HMRC will have a long wait for their money if they wait for the money from the sale of those 500 homes due to be built at Roots Hall. It's looks bleak times if your a Suffend fan. Although something doesn't seem right about the HMRC forcing football clubs out of existence this summer, whilst the Government is handing out billions on furloughed workers and the Eat to Save scheme etc. I agree but if you bail one club out what about others? This country bailed the banks out for very similar reasons; banks overstretching their money for quick commissions profits without due consideration of risks? £190K to HMRC is a drop of the ball in ..... The club could have been saved with the proviso that it then becomes owned by its supporters and other interested parties like the community, etc. It would also be then Covenanted that it could never be sold as a commercial business? I never suggested bailing them out or wiping off the debt but it seems most clubs going bust is due to the HMRC taking out winding up order, Hereford & Macclesfield being two examples. Meanwhile the Government is spending £B's just to keep restaurants etc open. I'm not sure where this obsession with fans owning clubs comes from when it's totally unworkable at L1 level, where most clubs are run at a loss.
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Post by francegas on Sept 17, 2020 16:09:55 GMT
I don't think it's a question of expecting the premier league clubs to bail out lower league clubs just a fairer distribution of funds. Look at the parachute payments made to relegated clubs from the PL it amounts to £50m + Over 3 years. So in effect they are rewarded for their relegation. Look at Rovers when we were delegated out the league. Clubs receive no parachute payments, funding is actually cut, no representation in the EFL cup and EFL trophy, have to qualify for the FA cup, reduced attendances as number of away fans considerably less etc with no financial support received. In effect clubs other than premier league clubs are punished for relegation.
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Post by barumgas on Sept 18, 2020 19:28:05 GMT
Bale on £600,000 per week. Macclesfield go bust for debts amounting to £500,000. Can someone explain what has gone wrong with our beautiful game?
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Post by barumgas on Sept 18, 2020 19:28:20 GMT
Bale on £600,000 per week. Macclesfield go bust for debts amounting to £500,000. Can someone explain what has gone wrong with our beautiful game?
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