Before you even try. I'm talking Prem League not champo that you support. I'm talking Big name bands not some grunge sweaty £3 entry student night.
-
The Fighting Cock is a forum for fans of Tottenham Hotspur Football Club. Here you can discuss Spurs latest matches, our squad, tactics and any transfer news surrounding the club. Registration gives you access to all our forums (including 'Off Topic' discussion) and removes most of the adverts (you can remove them all via an account upgrade). You're here now, you might as well...
Latest Spurs videos from Sky Sports
Why not?
I still think we were wrong to sack him and wrong to appoint Mourinho.
Disagree, tough shit.
I'm not though. I was just being hypothetical.
I believe he would've listened to the response of fans and ex-players and asked Levy to reconsider. I genuinely think that.
Didn't say it wasn't mate.
I guess I'm just really disappointed with his we have responded to this crisis and how much goodwill we have lost in the wider football community since Poch left and Jose was hired.
I get so extremely tired of the media analyzing everything from a PR and populist "moral" standpoint. I know that is their area of expertise - but seriously - Wake up !
And not just the media. Most people have serious delayed crisis awareness.
That certainly includes the PFA - if they continue to play hardball there is going to be a lot of unemployed footballers sooner than they think.
Furloughing of staff is inevitable - moral outrage about rich/poor owners and staff is interesting only in a wider capitalism/socialism sense - at present we live in the society we live in.
The analysis I have picked up so far is seriously lagging - it is all about the economic consequenses from now until til the scheduled start of the 20/21 season in august. And some projections until then are pretty grim.
But believing that everything will be just fine financially for Clubs and Leagues with cash flow back to normal from august 2020 is deluded. Clubs need to cut cost dramatically in the medium term and possibly long term as wells as the short term.
ATM I'm thankful that Our Board lives in the real world. I just wish we had more players on outgoing contracts in the summer.
And not just the media. Most people have serious delayed crisis awareness.
That certainly includes the PFA - if they continue to play hardball there is going to be a lot of unemployed footballers sooner than they think.
Furloughing of staff is inevitable - moral outrage about rich/poor owners and staff is interesting only in a wider capitalism/socialism sense - at present we live in the society we live in.
The analysis I have picked up so far is seriously lagging - it is all about the economic consequenses from now until til the scheduled start of the 20/21 season in august. And some projections until then are pretty grim.
But believing that everything will be just fine financially for Clubs and Leagues with cash flow back to normal from august 2020 is deluded. Clubs need to cut cost dramatically in the medium term and possibly long term as wells as the short term.
ATM I'm thankful that Our Board lives in the real world. I just wish we had more players on outgoing contracts in the summer.
It's an odd one. I will be surprised they get off their current charges, which are on track to be still get heard very soon. But how their punishment translates to the relaxing of FFP going forward will be very difficult to apply???
I think Sir Paul McCartney has a lot to answer for...
If he gave only a small percentage on what he and 'Wings' earn annually for "Wonderful Christmastime" (admittedly, a guilty pleasure) he could probably cover the cost of ALL NHS workers for a year, cure COVID-19, end Famine in Africa, AND War globally*
* rough estimation!!!
I'd simply assume the terms of punishment would stand and that moving fwd they'd be subject to the new rules like anyone else.... Am I missing something?
Ergo they'd frontload(*) their spending by as much as poss. so that:
A) They immediately lockdown their grip on the domestic game for the next decade or so (buying to weaken others in the league where prudent)
B) Be ready to bounce back even stronger as a force in Europe as soon as they are allowed back in (which, after appeal, I only expect to be a 1 year ban).
(*....Just in case the proposed FFP revisions are only temporary.)
No you aren't missing anything and I think that's what will happen.
My interest would be how their punishment works if it's also acknowledged that football is in such dier straights that FIFA are relaxing/amending FFP regs to keep clubs operating. Seems like an ideal opportunity for a lawyer to rip to shreds the sanctions that City are due to be imposed. Even if they are for a completely different period of time.
It's not binary, only a chronic lack of imagination lends to the capitalism "Its the best worse system there is" trope. There needs to be a paradigm shift in this reductive thinking. Our options are not Socialism, or Capitalism. Perhaps a series of global pandemics will put an end to the lie, it is either or. I guarantee folk one thing, if humanity as we understand it exists in eighty years time it will not be as the free market environmental ransacking kleptocracy of today. These are the last days of the old world, not the beginning of the end but possibly the end of the beginning.
Where have you seen this?
I ask because I know, for a fact, that when Dover Athletic were in the Conference South they were paying a couple of the top players £800 a week. If a small club like that were doing it, I imagine it's much more widespread than we'd perhaps think. Ebbsfleet were definitely paying more than that too.
Revealed and explained: the 'terrible' state of Premier...
Some key excerpts:
“The accounts are awful,” says John Purcell, the co-founder of financial analysis firm Vysyble. “The numbers had fallen off a cliff for some of the clubs long before this crisis.”
While Dr Dan Plumley, a sports finance expert at Sheffield Hallam University, says the financial shock of COVID-19 has “brought to light just how stretched the industry is and how many clubs live from hand to mouth”.
...
Of the 18 teams for which we have up-to-date numbers, only Watford reduced their wage bill year-on-year. If we include the old figures for Palace and Newcastle, which are almost certainly lower than last season’s, the league’s overall staff costs topped £3 billion. This means they spent 64 per cent of their income on wages.
But that is the average. Bournemouth, Everton and Leicester all spent more than 80 per cent of their turnover on staff. In fact, exactly half the league spent more than 70 per cent of their income on wages, a level that automatically raises red flags for European football’s governing body UEFA.
...
Travel costs, utility bills, repairs, insurance, paper clips…they all add up and pretty soon they started nibbling into the overdraft. The cumulative pre-tax loss for the 18 clubs to have filed their accounts is nearly £300 million.
“Lots of the clubs are in a terrible state,” says Purcell. “I’m not picking on them but I was not surprised to see reports this week that West Ham are looking for extra financing of £30 million. It’s so predictable.”
...
“Football is a part of the entertainment industry and like all other businesses in this sector it will be hit hard by a lockdown. The difference is football has higher fixed costs than most and these are the wages and transfer installments.
“As of last June, the clubs owed £1.6 billion in installments and had £700 million coming in. Some of this money is circulating within the division and some will be flowing downwards to the EFL, but there is a £900 million deficit. The concern is that financial problems in one league could spread throughout the industry just like the pandemic.”
The fees clubs pay for players are actually spread across the length of those players’ contracts in their annual accounts, a process known as amortisation. Maguire points out that if you take amortisation and staff costs together, they amount to 86 per cent of Premier League turnover.
...
Unlike most other analysts, Purcell’s firm uses a measure called economic profit, which is all the usual things analysts measure plus the cost of equity or, in other words, the cost of investing in this particular business as opposed to any other.
“We think it is a better reflection of how much money the owners are putting into these clubs every year to keep them afloat,” he says. “If we look at the previous three-year cycle, from 2013-14 to 2015-16, there was a league-wide deficit of £380 million. But with 18 of the 20 accounts now in, the deficit from 2016-17 to 2018-19 is £624 million. We’ve never seen anything like that before.
“Of the 18, only five have posted an economic profit. Since 2009, we believe the Premier League has made an economic loss of £2.74 billion.”
Some key excerpts:
“The accounts are awful,” says John Purcell, the co-founder of financial analysis firm Vysyble. “The numbers had fallen off a cliff for some of the clubs long before this crisis.”
While Dr Dan Plumley, a sports finance expert at Sheffield Hallam University, says the financial shock of COVID-19 has “brought to light just how stretched the industry is and how many clubs live from hand to mouth”.
...
Of the 18 teams for which we have up-to-date numbers, only Watford reduced their wage bill year-on-year. If we include the old figures for Palace and Newcastle, which are almost certainly lower than last season’s, the league’s overall staff costs topped £3 billion. This means they spent 64 per cent of their income on wages.
But that is the average. Bournemouth, Everton and Leicester all spent more than 80 per cent of their turnover on staff. In fact, exactly half the league spent more than 70 per cent of their income on wages, a level that automatically raises red flags for European football’s governing body UEFA.
...
Travel costs, utility bills, repairs, insurance, paper clips…they all add up and pretty soon they started nibbling into the overdraft. The cumulative pre-tax loss for the 18 clubs to have filed their accounts is nearly £300 million.
“Lots of the clubs are in a terrible state,” says Purcell. “I’m not picking on them but I was not surprised to see reports this week that West Ham are looking for extra financing of £30 million. It’s so predictable.”
...
“Football is a part of the entertainment industry and like all other businesses in this sector it will be hit hard by a lockdown. The difference is football has higher fixed costs than most and these are the wages and transfer installments.
“As of last June, the clubs owed £1.6 billion in installments and had £700 million coming in. Some of this money is circulating within the division and some will be flowing downwards to the EFL, but there is a £900 million deficit. The concern is that financial problems in one league could spread throughout the industry just like the pandemic.”
The fees clubs pay for players are actually spread across the length of those players’ contracts in their annual accounts, a process known as amortisation. Maguire points out that if you take amortisation and staff costs together, they amount to 86 per cent of Premier League turnover.
...
Unlike most other analysts, Purcell’s firm uses a measure called economic profit, which is all the usual things analysts measure plus the cost of equity or, in other words, the cost of investing in this particular business as opposed to any other.
“We think it is a better reflection of how much money the owners are putting into these clubs every year to keep them afloat,” he says. “If we look at the previous three-year cycle, from 2013-14 to 2015-16, there was a league-wide deficit of £380 million. But with 18 of the 20 accounts now in, the deficit from 2016-17 to 2018-19 is £624 million. We’ve never seen anything like that before.
“Of the 18, only five have posted an economic profit. Since 2009, we believe the Premier League has made an economic loss of £2.74 billion.”
Not entirely sure what your beef is, I suggest if you're in the footballer salary hater group then you're on the wrong forum and question why you like football.
I clearly stated PRO footballer, not PL footballer. Even a lot of premier league footballers aren't on tens of thousands a week and those guys will be finished at around 30-35
I'd like to see how someone on £5k a week does for the next 50-60 years with no main income
Footballers earn less than average British salary, survey finds
The survey was conducted on behalf of the International Federation of Professional Footballers and gathered evidence from almost 14,000 players from across 87 leagues in 54 countries
www.independent.co.uk
I assume this includes pretty much anyone that is paid to play. If Dover pay £800 a week to their best players, their worst are probably on a small fraction of that.
Bingo. The system we are in is not capitalism, not as intended, kleptocracy, corporatism, call it what you want but it’s not capitalism.
How can it be capitalism when the central banks are not state owned but they can choose to use the public purse to bail out corporation once a decades?
Like you say, this is the start of a realignment of what people consider valuable in their societies.