I agree with Mark Pailios and I hope this will be the outcome
"The only way out of this mess is to take the opportunity to fundamentally restructure the flawed financial model on which football has been based since the establishment of the Premier League. We have to address the unregulated wages market, which means the mega-salaries paid at the very top of the game have a huge inflationary impact all the way through the professional pyramid.
"The crisis facing us should not be underestimated. When Bury FC collapsed, its community was devastated and there were lots of platitudes about ensuring that it never happened again. But it is about to happen again and many times over, unless we change the way we are handling this, and change it urgently.
"In a week when the Covid death toll hit 10,000, it will sound trivial and melodramatic but this is perhaps the most important seven days in the history of the EFL."
I honestly have nothing against footballers (indeed I love some of ours) but the amount they earn has been put into context by what is going on at the moment and I hope this is a moment where the game has a "reset" on some of the wages that have spiralled out of control. It should still be possible for clubs to pay players extremely well but not at the sort of exhorbitant levels that have become common at championship and premier league level.
You would hope that given we are run "sustainably" we might be better placed to ride it out a short term financial crisis than some but then we don't have a wealthy owner to bail us out if we lose the commercial receipts for any prolonged period of time and a depressed transfer market won;t be great for our "model."
Posted By: Jim on April 14th 2020 at 16:19:19
Message Thread
- Piece on football finances.. (NCFC) - loz, Apr 14, 16:13:19
- Think it’s safe to say (NCFC) - ingi, Apr 14, 17:43:23
- Maybe its what was needed..... (NCFC) - usacanary, Apr 14, 23:24:38
- I agree with Mark Pailios and I hope this will be the outcome (NCFC) - Jim, Apr 14, 16:19:19
- I think what Palios is saying just isn’t correct. You can’t (NCFC) - Chopper, Apr 14, 18:10:47
- Presumably if cash runs out and we can’t afford to pay wages ... (NCFC) - loz, Apr 14, 16:26:01
- Presumably only if we go into admin though. And given we were budgeting for a fairly large (NCFC) - Jim, Apr 14, 16:30:19
- Inference that sky won’t ask for money but will ask for more games... (NCFC) - loz, Apr 14, 16:34:11
- I think there is a problem with UEFA as well as they have currently said that (NCFC) - Jim, Apr 14, 16:37:22
- Unless everyone tells them where to go (NCFC) - Jester, Apr 14, 17:10:53
- Couldn't we stop the nonsense wages, share more down the footy pyramid and the FA start. (NCFC) - DrDublin, Apr 14, 17:22:32
- The Premier League was formed specifically to share less down the pyramid (n/m) (NCFC) - Ben, Apr 14, 17:36:52
- Couldn't we stop the nonsense wages, share more down the footy pyramid and the FA start. (NCFC) - DrDublin, Apr 14, 17:22:32
- Unless everyone tells them where to go (NCFC) - Jester, Apr 14, 17:10:53
- I think there is a problem with UEFA as well as they have currently said that (NCFC) - Jim, Apr 14, 16:37:22
- Inference that sky won’t ask for money but will ask for more games... (NCFC) - loz, Apr 14, 16:34:11
- Presumably only if we go into admin though. And given we were budgeting for a fairly large (NCFC) - Jim, Apr 14, 16:30:19
- Think it’s safe to say (NCFC) - ingi, Apr 14, 17:43:23
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