ChicagoBlue
Well-Known Member
- Joined
- 10 Jan 2009
- Messages
- 18,390
From a BBC story of the financial distress in the EFL:
"The dependence on owner funding is bad. Craig Hemmings (son of long-time Preston owner Trevor who died in 2021) wrote to supporters on behalf of the Preston ownership.
"Preston are a really well-run, sensible club. They are not chasing the dream and not over-spending. But he pointed out their annual budget is £24m and. of that, the Hemmings family provide £12m every year. Who replaces the Hemmings family? Who comes to Preston and says 'starting point £12m-a-year'.
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I guess FFP is only for clubs trying to gate crash the Euro Cartel Association and I’m sure if we ever play Preston, they will be ignorant of the FACT that they only exist because of a Sugar Daddy…something that has a long and illustrious history amongst almost every club in Britain, not just the big clubs who NOW believe their growth over the last century has been wholly “organic!”
"The dependence on owner funding is bad. Craig Hemmings (son of long-time Preston owner Trevor who died in 2021) wrote to supporters on behalf of the Preston ownership.
"Preston are a really well-run, sensible club. They are not chasing the dream and not over-spending. But he pointed out their annual budget is £24m and. of that, the Hemmings family provide £12m every year. Who replaces the Hemmings family? Who comes to Preston and says 'starting point £12m-a-year'.
-/-/-
I guess FFP is only for clubs trying to gate crash the Euro Cartel Association and I’m sure if we ever play Preston, they will be ignorant of the FACT that they only exist because of a Sugar Daddy…something that has a long and illustrious history amongst almost every club in Britain, not just the big clubs who NOW believe their growth over the last century has been wholly “organic!”