Gaylord du Bois
Well-Known Member
By cutting their cloth accordingly. Just like every household in the country.How? They are haemorrhaging money right now.
By cutting their cloth accordingly. Just like every household in the country.How? They are haemorrhaging money right now.
No problem, Mr Joe Public.
I've never been into the 'loads a money' thing since the take over, but I must say it's nice to know our owners have deep enough pockets to sit this out. It might make an amusing thread trying to imagine what strategy Peter Swales would've put in place if confronted by these circumstances.
It's weird how clubs have overstretched themselves by doing things 'the right way'.I've never been into the 'loads a money' thing since the take over, but I must say it's nice to know our owners have deep enough pockets to sit this out. It might make an amusing thread trying to imagine what strategy Peter Swales would've put in place if confronted by these circumstances.
It's estimated that the non playing staff wages at LFC equates to £10m PAHow? They are haemorrhaging money right now.
How? They are haemorrhaging money right now.
Drown all the puppies. The club must make a profit.We are only at the very beginning of this economic apocalypse. Personally, I very much doubt that fans will be allowed back in stadiums for at least a year. So regardless that clubs might hold limited reserves of cash, they have to plan for the worst case, long term scenario. And that requires taking immediate action.
How are they haemorging (sp) money ? A club makes most of its gate money at the start of the season in season ticket sales. it is paid in advance for sponsorship and they have the TV money. They will have planned for June-Mid August where they still have to pay players and staff with no money coming in.
I take your point about a year and if Spurs or Liverpool asked the government for money in say August I would have more sympathy but to send in the application form 5 minutes after the Chancellor announced the scheme is just wrong.