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Because players are paid by the clubs. When there is no football, there is no income to the club, meaning cash flow problems and still have to pay the players in full who are not budging. If no income to a club and paying £20m a month players, clubs may go bust.
Actors and musicians get paid on performing in theatres, films or concerts. No performance no pay. Theatres, production companies, cinemas do not go bust.
Do you get the point?!
Lewis has never put cash into the club to buy players, pay player wages or build the stadium. In the worst scenario, he will either let the club rot or inject cash to save.
His worth 4 billion, its his asset why should his employees pick up the slack?
If it was your work would you want to suffer as the loaded fella at the top remained unaffected? And 72 million if that's the figure is not going to bankrupt us.
Of course he should pay but we know how Levy does things. If things go really bad, there are 2 possibilities, either players agree to a wage cut or cash injection from the owner but enough just to save the club.
The only people will be worse of are us fans, we won't see any signings, we will become mid table team at best, all the work done in the last last 10 years comes to nothing. Our top players will leave and we will be buying another trippier, janssen and zokaro.
I'd rather support an average football team that looks after its own and is with the fans than a soulless corporate monster in the hope that one day levy might get us something more than a league cup.
Anyway he won't sell and we won't go bust. The ground plus TV money plus the fact our wage bill is half our rivals means its a more than healthy club.
The financial impact to wealthy business is being overstated. Spurs are not losing money where others are gaining. Monetary value has simply been taken out of the market.
Liquidity is key and that’s why small to medium business is fucked. Football clubs might struggle where they are leveraged up to their nuts, but that’s their fault for being run like a shit casino.
Liquidity is key and that’s why small to medium business is fucked. Football clubs might struggle where they are leveraged up to their nuts, but that’s their fault for being run like a shit casino.
Started it and got a tad bored with a waffling Spanish lawyer in the first 15ms. Will resume no doubt latter tonight. Ther is absolutely some better info already spouted in those first 15mins though than I've read in the British press recently, the shite being spewed out in the Sports pages right now, you know, the excellent Sports journo's who know fuck all about club finance and legal issues, all of who have become experts overnight in both topics since football stopped being played.
I think it's amazing it took so many so long to wake up to the excesses and flaws of capitalism. That it's need a pandemic is frankly dispiriting. They will eventually rumble to the fact that working class footballers are merely lottery winners, they are not the owning or merchant class. That we we are talking about the wages of 0.002% as demonstrative of societies economic inequality is ludicrous.
I think this whole eepidemic will wake up a LOT of aspects of society...
What IS and ISN'T important...
Doctors/Medical staff and Care workers will/should become the new Pop stars and Footballers....
Plus EVERY fucker with a Computer will have their own YouTube channel by the end of this... so no need for overpaid, prissy Celebs to hog the limelight... they'll have to join the queue behind the 'Taylor Family from Shropshire' singing "I will survive" on the Kazoo.... or whatever irreverant shit is on todays' Instatwat feed!!
I reckon the stay at home FIFA '20 gamers will be the new Footballers... people will just watch a live stream from their bedrooms....
Its gonna happen, innit?
You just described 95% of football clubs. These are not businesses designed to make money by their very nature. Even Premier League clubs are relatively small enterprises that often lose money.
Well done, it took one post to make the excesses and flaws of capitalism actually sound much better than the alternative.
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Premier League 'could lose £1bn' if season cannot end
The Premier League warns of a potential £1bn loss - while FA chairman says the wider English game faces "the danger of losing clubs and leagues".
www.bbc.co.uk
The FA starting to publicly show concern that no football for a few months will lead to a lot of clubs being lost, unless something is done.
Seems a few people are waking up to the importance of cash flow
Football is fucked, there is no vaccine until near the end of next season at the earliest it's impossible to have games in front of fans if at all, at least one of this and next season will be lost, if this season does end next season will be delayed and in the absence of a vaccine there will be more lockdowns and further suspension of football because it will only take one player to get it and they'll gave to call it off
The economy is fucked most people live to their means and will be broke on some level , it will be easy to cancel expensive non neccesities like Sky/BT sports and the expensive mobile phone contract rather than give the house or the car back thus meaning less money going back into football, with a years worth of lost stadium revenue and tv broadcasters demanding their money back coupled with squads with multimillion pound multi year contracts and debt to service stadiums to pay for etc football is going to be on its ass along with everything else.
The economy is fucked most people live to their means and will be broke on some level , it will be easy to cancel expensive non neccesities like Sky/BT sports and the expensive mobile phone contract rather than give the house or the car back thus meaning less money going back into football, with a years worth of lost stadium revenue and tv broadcasters demanding their money back coupled with squads with multimillion pound multi year contracts and debt to service stadiums to pay for etc football is going to be on its ass along with everything else.
That’s all fair enough but in order to pay doctors and other medical staff money has to be generated somewhere. The government doesn’t just have money. It comes from taxes, and taxes, whether you like the word or not, comes from profit
A good society has the right balance between creating conditions where people are prepared to create wealth (and benefit from it) and care for people.
That’s 100% what it was. Classic blame game and diversion tactic.
Premier League 'could lose £1bn' if season cannot end
The Premier League warns of a potential £1bn loss - while FA chairman says the wider English game faces "the danger of losing clubs and leagues".
The FA starting to publicly show concern that no football for a few months will lead to a lot of clubs being lost, unless something is done.
Seems a few people are waking up to the importance of cash flow
The FA need to be worrying about the smaller clubs, not worrying about wage deductions in the PL. they are the ones who will really be in the shit and it’s barely mentioned.