Clubs furloughing staff

[Bill the Blue]

It taxes football like every other business.

Problem is that not many football clubs post big enough profits to contribute significantly to the public purse.

Billions of pounds sloshing around in the Premier League from Sky and BT and nobody's got any left after less than a month without football ..

Let's not forget the sponsorship monies, kit deals and season ticket sales along with Champions League handouts to teams such as the Dippers and Spuds..

Does this mean the Dippers won't have a transfer kitty next season as they can't now pay the tea lady?

Not a chance..!

Something doesn't add up here and it needs looking into by the authorities..!

 

[JimB]

By cutting their cloth accordingly. Just like every household in the country.

But that's the thing. They can't unilaterally "cut their cloth". Club incomes have fallen off a cliff to practically zero. But, unless the players agree to a substantial pay cut, clubs have no option but to find a way to carry on paying 50% of their costs or more.

 

[Bald fraud]

What are you using, MySpace?

Just a bit sarcasm ric. Compare this news to anything negative about us. It’s night and day if this was us it’d all over every news outlet and sky sports news would be running it 24/7 with a poll asking should city be banished from football

 

[Gaylord du Bois]

unless the players agree to a substantial pay cut

Ooh. There you go.

 

[dickie davies]

How? They are haemorrhaging money right now.

As LFC are scratting around for what is in premier league terms, a poxy two and a half million, and obviously will run out of money very soon, I take it they will have no funds for incoming transfers in the next 12 months, or longer?
That is unless they sell a big money player or several lesser!

 

[Ric]

Just a bit sarcasm ric. Compare this news to anything negative about us. It’s night and day if this was us it’d all over every news outlet and sky sports news would be running it 24/7 with a poll asking should city be banished from football

To be fair, it’s trending all over Twitter which is why it seemed odd that you suggested it was being ignored on social media.

 

[JimB]

Billions of pounds sloshing around in the Premier League from Sky and BT and nobody's got any left after less than a month without football ..

Let's not forget the sponsorship monies, kit deals and season ticket sales along with Champions League handouts to teams such as the Dippers and Spuds..

Does this mean the Dippers won't have a transfer kitty next season as they can't now pay the tea lady?

Not a chance..!

Something doesn't add up here and it needs looking into by the authorities..!

Cash flow. Cash flow. Cash flow!

Whatever happened a year ago or even six months ago genuinely isn't relevant currently. It's a question of what is available now to meet the costs that must be met. Season ticket money, sponsorship money, TV money......it has all been allocated. Companies have to plan for the future. They have to invest. Clubs don't hold cash for the sake of it. At least, not enough to allow for such a wholly unprecedented crisis as this. Whatever they do hold will quickly be devoured by the costs that they have to honour in the absence of further monies coming in. And there's no telling when this crisis will end. It might be a year or more from now.

 

[Ric]

“Forced”. Like they were left with no other option.

 

[Colin Bells Boots]

“Forced”. Like they were left with no other option.

Absolutely pathetic from the DM as usual.

 

[JimB]

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.

Season ticket revenues will have to be repaid if games can't be played. Sponsorship money will have to be repaid if games can't be played. TV money will have to be repaid if games can't be played.

Besides which, most income will have been allocated and spent - or held back to meet future obligations falling within the year. Whatever cash reserves clubs do hold will be quickly exhausted if, as I believe, football cannot return to normal for at least a year.