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Wigan financial woes - up for sale again? p40
Comments
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Just a reminder the EFL did not authorise our owner. Therefore for us with the Nimer purchase and the recent change of hands, I believe they are doing their job... Just very slowly0
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roseandcrown said:Chris_from_Sidcup said:MuttleyCAFC said:stoneroses19 said:MuttleyCAFC said:You have FFP to make costs sustainable and then you have the likes of Derby and Sheffield Wednesday abusing the system. These clubs are the problem and those that sought to work around the rules before them that ultimately can only benefit the game.Derby almost at the play offs now, if they get promoted then clubs will all copy there way.13
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Addickhead86 said:roseandcrown said:Chris_from_Sidcup said:MuttleyCAFC said:stoneroses19 said:MuttleyCAFC said:You have FFP to make costs sustainable and then you have the likes of Derby and Sheffield Wednesday abusing the system. These clubs are the problem and those that sought to work around the rules before them that ultimately can only benefit the game.Derby almost at the play offs now, if they get promoted then clubs will all copy there way.0
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Obviously can't stand the EFL and they are useless. But don't forget they do have the disadvantage of when they do actually try and do something to sort the football finances out, they get told they can't do it and threatened by the PL. With the full support of the FA.3
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balham red said:Covered_End_Lad said:killerandflash said:Covered_End_Lad said:killerandflash said:Cafc43v3r said:cabbles said:Utrinque_Paratus said:There should be a safeguard like landlords receive from tenants, a deposit up front. So when a buyer purchases a club, they should be made to pay x amount of millions to the EFL, to stop them just walking away. If owners do right by the club and once they sell they get it back.Good suggestion
I have been thinking more and more about practical ways to safeguard the game. The problem is the wages that are paid to players. It’s okay for the few elite teams that play in the CL and have global brands. They can sustain the 200k a week salaries.The market has spiraled out of control. Because the top players can demand half a million a week, the not so top players can find themselves being paid £70k a week. That then means the top end Championship sides and those in lower half of the Prem start paying big big money for not very good players and aren’t able to sustain it.
Even some of the players that play for us, despite probably being lower earners in the grand scheme of things, are probably being paid more than we can afford.
it can’t go on. I’m all in favour of people earning as much money as they can if they work hard and I know footballers have short careers, but not at the expense of mine or other’s football clubs
I also think a rule should be in place where owners don’t lend the clubs money (still within the ffp requirements). They accept that the money they put in is equity. There’s no loans, no interest payments. You are simply allowed to increase your equity. If the shit hits the fan then you lose your investment, end of. Dutchatelet is a prime example and it seems like the blokes at Wigan were in a similar boat. Loaning the clubs money to be paid back at a rate of interest over time. It’s bollocks.
In a 15 year career that's over 1.5 million, probably more like 2. Plus sponsorship deals, plus bonuses, plus signing on fees.
Then no student loans, no professional exams to pay for etc etc. Also MOST don't live in London. Can afford to buy houses in their early 20s so no wasted rent etc etc.
There can't be many other mass employment that means at 35 your likely to be debt and mortgage free with cash in the bank.
Football league players are paid well over thier economic value.
People talk about our players only earning £5000 a week, that's £260k a year! How many jobs pay you that as a base salary?
10 years at £260k a year, will give you a massive nest egg to buy a decent house and have plenty of savings if you don't blow it.
Then you can get a "normal" job (say £30-50k a year) plus top ups from any football related work you get (media, hospitality, after dinner speeches)
It will never happen though because of the ridiculous amount of sky money generated by the huge global audience. Supply and demand as they say.
Let's say a squad of 20 on 5k per week = 5.2m per year
15,000 season tickets at 300 each = 4.5m
Throw in some EFL and TV payments and you'd think it could just about balance, although the other expenses would probably stack up to a fair amount.
If the first 11 were on 5k and the rest of the squad around 3k then I think it looks fairly reasonable.
But in any case, it's not just clubs that are chasing promotion that buckle and pay too much. All the clubs who want to cling on in the division are forced to spend over the odds too.
Salary cap, player draft, and equal share of TV payments across the football league pyramid and everything would be fair and rosy.
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RolandsOut said:Cafc43v3r said:cabbles said:Utrinque_Paratus said:There should be a safeguard like landlords receive from tenants, a deposit up front. So when a buyer purchases a club, they should be made to pay x amount of millions to the EFL, to stop them just walking away. If owners do right by the club and once they sell they get it back.Good suggestion
I have been thinking more and more about practical ways to safeguard the game. The problem is the wages that are paid to players. It’s okay for the few elite teams that play in the CL and have global brands. They can sustain the 200k a week salaries.The market has spiraled out of control. Because the top players can demand half a million a week, the not so top players can find themselves being paid £70k a week. That then means the top end Championship sides and those in lower half of the Prem start paying big big money for not very good players and aren’t able to sustain it.
Even some of the players that play for us, despite probably being lower earners in the grand scheme of things, are probably being paid more than we can afford.
it can’t go on. I’m all in favour of people earning as much money as they can if they work hard and I know footballers have short careers, but not at the expense of mine or other’s football clubs
I also think a rule should be in place where owners don’t lend the clubs money (still within the ffp requirements). They accept that the money they put in is equity. There’s no loans, no interest payments. You are simply allowed to increase your equity. If the shit hits the fan then you lose your investment, end of. Dutchatelet is a prime example and it seems like the blokes at Wigan were in a similar boat. Loaning the clubs money to be paid back at a rate of interest over time. It’s bollocks.
In a 15 year career that's over 1.5 million, probably more like 2. Plus sponsorship deals, plus bonuses, plus signing on fees.
Then no student loans, no professional exams to pay for etc etc. Also MOST don't live in London. Can afford to buy houses in their early 20s so no wasted rent etc etc.
There can't be many other mass employment that means at 35 your likely to be debt and mortgage free with cash in the bank.
Football league players are paid well over thier economic value.
If a clubs total revenue is less than the wages the players are not providing economic value, are they?1 -
Cafc43v3r said:RolandsOut said:Cafc43v3r said:cabbles said:Utrinque_Paratus said:There should be a safeguard like landlords receive from tenants, a deposit up front. So when a buyer purchases a club, they should be made to pay x amount of millions to the EFL, to stop them just walking away. If owners do right by the club and once they sell they get it back.Good suggestion
I have been thinking more and more about practical ways to safeguard the game. The problem is the wages that are paid to players. It’s okay for the few elite teams that play in the CL and have global brands. They can sustain the 200k a week salaries.The market has spiraled out of control. Because the top players can demand half a million a week, the not so top players can find themselves being paid £70k a week. That then means the top end Championship sides and those in lower half of the Prem start paying big big money for not very good players and aren’t able to sustain it.
Even some of the players that play for us, despite probably being lower earners in the grand scheme of things, are probably being paid more than we can afford.
it can’t go on. I’m all in favour of people earning as much money as they can if they work hard and I know footballers have short careers, but not at the expense of mine or other’s football clubs
I also think a rule should be in place where owners don’t lend the clubs money (still within the ffp requirements). They accept that the money they put in is equity. There’s no loans, no interest payments. You are simply allowed to increase your equity. If the shit hits the fan then you lose your investment, end of. Dutchatelet is a prime example and it seems like the blokes at Wigan were in a similar boat. Loaning the clubs money to be paid back at a rate of interest over time. It’s bollocks.
In a 15 year career that's over 1.5 million, probably more like 2. Plus sponsorship deals, plus bonuses, plus signing on fees.
Then no student loans, no professional exams to pay for etc etc. Also MOST don't live in London. Can afford to buy houses in their early 20s so no wasted rent etc etc.
There can't be many other mass employment that means at 35 your likely to be debt and mortgage free with cash in the bank.
Football league players are paid well over thier economic value.
If a clubs total revenue is less than the wages the players are not providing economic value, are they?2 -
balham red said:balham red said:Covered_End_Lad said:killerandflash said:Covered_End_Lad said:killerandflash said:Cafc43v3r said:cabbles said:Utrinque_Paratus said:There should be a safeguard like landlords receive from tenants, a deposit up front. So when a buyer purchases a club, they should be made to pay x amount of millions to the EFL, to stop them just walking away. If owners do right by the club and once they sell they get it back.Good suggestion
I have been thinking more and more about practical ways to safeguard the game. The problem is the wages that are paid to players. It’s okay for the few elite teams that play in the CL and have global brands. They can sustain the 200k a week salaries.TJohe market has spiraled out of control. Because the top players can demand half a million a week, the not so top players can find themselves being paid £70k a week. That then means the top end Championship sides and those in lower half of the Prem start paying big big money for not very good players and aren’t able to sustain it.
Even some of the players that play for us, despite probably being lower earners in the grand scheme of things, are probably being paid more than we can afford.
it can’t go on. I’m all in favour of people earning as much money as they can if they work hard and I know footballers have short careers, but not at the expense of mine or other’s football clubs
I also think a rule should be in place where owners don’t lend the clubs money (still within the ffp requirements). They accept that the money they put in is equity. There’s no loans, no interest payments. You are simply allowed to increase your equity. If the shit hits the fan then you lose your investment, end of. Dutchatelet is a prime example and it seems like the blokes at Wigan were in a similar boat. Loaning the clubs money to be paid back at a rate of interest over time. It’s bollocks.
In a 15 year career that's over 1.5 million, probably more like 2. Plus sponsorship deals, plus bonuses, plus signing on fees.
Then no student loans, no professional exams to pay for etc etc. Also MOST don't live in London. Can afford to buy houses in their early 20s so no wasted rent etc etc.
There can't be many other mass employment that means at 35 your likely to be debt and mortgage free with cash in the bank.
Football league players are paid well over thier economic value.
People talk about our players only earning £5000 a week, that's £260k a year! How many jobs pay you that as a base salary?
10 years at £260k a year, will give you a massive nest egg to buy a decent house and have plenty of savings if you don't blow it.
Then you can get a "normal" job (say £30-50k a year) plus top ups from any football related work you get (media, hospitality, after dinner speeches)
It will never happen though because of the ridiculous amount of sky money generated by the huge global audience. Supply and demand as they say.
Let's say a squad of 20 on 5k per week = 5.2m per year
15,000 season tickets at 300 each = 4.5m
Throw in some EFL and TV payments and you'd think it could just about balance, although the other expenses would probably stack up to a fair amount.
If the first 11 were on 5k and the rest of the squad around 3k then I think it looks fairly reasonable.
But in any case, it's not just clubs that are chasing promotion that buckle and pay too much. All the clubs who want to cling on in the division are forced to spend over the odds too.
Salary cap, player draft, and equal share of TV payments across the football league pyramid and everything would be fair and rosy.
What is also intresting is that Birmingham's players would have to pay to play for them to break even!3 -
How is Birmingham City even a viable club to run on that basis0
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EricBanterna said:How is Birmingham City even a viable club to run on that basis0
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Amazing how Brentford have got in that position - top notch management.
EDIT: and Bristol City1 -
balham red said:balham red said:Covered_End_Lad said:killerandflash said:Covered_End_Lad said:killerandflash said:Cafc43v3r said:cabbles said:Utrinque_Paratus said:There should be a safeguard like landlords receive from tenants, a deposit up front. So when a buyer purchases a club, they should be made to pay x amount of millions to the EFL, to stop them just walking away. If owners do right by the club and once they sell they get it back.Good suggestion
I have been thinking more and more about practical ways to safeguard the game. The problem is the wages that are paid to players. It’s okay for the few elite teams that play in the CL and have global brands. They can sustain the 200k a week salaries.The market has spiraled out of control. Because the top players can demand half a million a week, the not so top players can find themselves being paid £70k a week. That then means the top end Championship sides and those in lower half of the Prem start paying big big money for not very good players and aren’t able to sustain it.
Even some of the players that play for us, despite probably being lower earners in the grand scheme of things, are probably being paid more than we can afford.
it can’t go on. I’m all in favour of people earning as much money as they can if they work hard and I know footballers have short careers, but not at the expense of mine or other’s football clubs
I also think a rule should be in place where owners don’t lend the clubs money (still within the ffp requirements). They accept that the money they put in is equity. There’s no loans, no interest payments. You are simply allowed to increase your equity. If the shit hits the fan then you lose your investment, end of. Dutchatelet is a prime example and it seems like the blokes at Wigan were in a similar boat. Loaning the clubs money to be paid back at a rate of interest over time. It’s bollocks.
In a 15 year career that's over 1.5 million, probably more like 2. Plus sponsorship deals, plus bonuses, plus signing on fees.
Then no student loans, no professional exams to pay for etc etc. Also MOST don't live in London. Can afford to buy houses in their early 20s so no wasted rent etc etc.
There can't be many other mass employment that means at 35 your likely to be debt and mortgage free with cash in the bank.
Football league players are paid well over thier economic value.
People talk about our players only earning £5000 a week, that's £260k a year! How many jobs pay you that as a base salary?
10 years at £260k a year, will give you a massive nest egg to buy a decent house and have plenty of savings if you don't blow it.
Then you can get a "normal" job (say £30-50k a year) plus top ups from any football related work you get (media, hospitality, after dinner speeches)
It will never happen though because of the ridiculous amount of sky money generated by the huge global audience. Supply and demand as they say.
Let's say a squad of 20 on 5k per week = 5.2m per year
15,000 season tickets at 300 each = 4.5m
Throw in some EFL and TV payments and you'd think it could just about balance, although the other expenses would probably stack up to a fair amount.
If the first 11 were on 5k and the rest of the squad around 3k then I think it looks fairly reasonable.
But in any case, it's not just clubs that are chasing promotion that buckle and pay too much. All the clubs who want to cling on in the division are forced to spend over the odds too.
Salary cap, player draft, and equal share of TV payments across the football league pyramid and everything would be fair and rosy.
It does show how horrendous Villa's position would have been if they hadn't gone up!0 -
ShootersHillGuru said:Covered End said:ShootersHillGuru said:NapaAddick said:Sage said:Even with the points deduction this season, they could still stay up.
All they’ll need is to amount 4 more points than what Hull get between now and the end of the season, same with 3 more than what Barnsley get, and 2 more than what Luton get.
They're in trouble, but their form at the moment gives them a chance, even with the punishment.
I bet their players are not being paid. We will see. I think they are done. Hopefully we are not about to enter administration. Would not put it past us. No money coming in.... transfer ban.... ownership issues. Sound like a prime candidate. When I heard on the radio here in the US a few hours ago that “a Championship club had gone into administration” I started sweating.
There are interested parties, but as far as I know, no one is willing to buy, as in they haven't agreed a deal.
As RD wants more than £50M and Rick Everitt suggests the freehold values are perhaps £15M, then there is a £35M price difference.
So unless RD drops his asking price by a maximum of £35M, then I don't believe we have a willing buyer.
Otherwise if we're taking no account of an agreement on the price, we might as well say CAFC possibly have thousands of willing buyers.5 -
Addick Addict said:Don't know whether this has been posted already but Lisa Nandy has written an open letter to the EFL in which she asks the sort of questions that we have been for quite a while:
"I am at a complete loss as to how, given the circumstances which are now coming to light, this ownership could have been approved.
"Can you tell me how this new ownership model came to be approved, what tests were set and why they were deemed to be met?
"Fans deserve good governance that protects them and their club. This has been badly lacking and I am determined to ensure that this is never allowed to happen again."
Full letter here:
https://www.wigantoday.net/news/politics/wigan-mp-blasts-football-league-bosses-over-approving-latics-owners-2901475
As a "Governing Body" they really dont do much at all. You or I could buy Charlton (ie, ESI) tomorrow & do what we like. No one could stop us. Absolutely mad.0 -
golfaddick said:Addick Addict said:Don't know whether this has been posted already but Lisa Nandy has written an open letter to the EFL in which she asks the sort of questions that we have been for quite a while:
"I am at a complete loss as to how, given the circumstances which are now coming to light, this ownership could have been approved.
"Can you tell me how this new ownership model came to be approved, what tests were set and why they were deemed to be met?
"Fans deserve good governance that protects them and their club. This has been badly lacking and I am determined to ensure that this is never allowed to happen again."
Full letter here:
https://www.wigantoday.net/news/politics/wigan-mp-blasts-football-league-bosses-over-approving-latics-owners-2901475
As a "Governing Body" they really dont do much at all. You or I could buy Charlton (ie, ESI) tomorrow & do what we like. No one could stop us. Absolutely mad.4 -
Wigan have 600 members of staff. Seems a lot to me.4
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Oggy Red said:Redrobo said:Wigan have 600 members of staff. Seems a lot to me.
I'd like to see the figures broken down, from the CEO to the tea lady and everybody in between.
I mean 600 staff .... that's the entire population of a Cornish village!3 -
Redrobo said:Wigan have 600 members of staff. Seems a lot to me.
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RedChaser said:Oggy Red said:Redrobo said:Wigan have 600 members of staff. Seems a lot to me.
I'd like to see the figures broken down, from the CEO to the tea lady and everybody in between.
I mean 600 staff .... that's the entire population of a Cornish village!
Although I am allowing for half of the village houses being empty, as they'll be unlived in 2nd homes and absent Londoners financial investments. True. No wonder there's a housing shortage and people are desperate to find somewhere to live.
Back on topic, I'm still scratching my head ..... does it really take 600 staff to run a Championship football club?
I mean, in comparison, how many staff are there now at Charlton?
When I was a lad watching Charlton 50 years ago, there was manager Eddie Firmani, coach Theo Foley, Physio/trainer Charlie Hall;
about 15 regular senior players, augmented by a reserve team of young hopefuls and a couple of veterans to pass on their experience; the Charlton Colts youth team on kids' money; someone to cut the grass and mark out the pitch before the game; and the laundry lady to wash the dirty kit.
How many is that?
There was a club secretary to do the paper work and pay the bills. plus a young office girl - that was admin. A couple of ladies to run the tea bar and a couple of bods to sell grandstand tickets on matchdays, plus Robert Lee and a handful of spotty grotty teenagers to man the turnstiles.
The Old Bill did the stewarding. And a couple of cleaners swept up after the game.
Ah ..... the Good Old Days.
I mean, today 600 staff to run a mediocre football club ...... I still can't believe it, can I ?
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Of course the 600 would include match day stewards, waitresses, bar staff etc but still seems excessive.1
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ValleyGary said:Out of 30 interested buyers, you can only imagine the percentage that are opportunist wrong'uns.
A never ending cycle of scummy owners awaits far too many clubs.
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A £100 million dollar bet has been placed on Wigan to get relegated in the Philippines?!?!0
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Cafc43v3r said:A £100 million dollar bet has been placed on Wigan to get relegated in the Philippines?!?!0
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ForeverAddickted said:Cafc43v3r said:A £100 million dollar bet has been placed on Wigan to get relegated in the Philippines?!?!1
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Cafc43v3r said:ForeverAddickted said:Cafc43v3r said:A £100 million dollar bet has been placed on Wigan to get relegated in the Philippines?!?!1
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Cafc43v3r said:A £100 million dollar bet has been placed on Wigan to get relegated in the Philippines?!?!0
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I'd forgotten that the EFL are based in Preston. A good place for dealing with the football carnage in the area. Bolton, Bury, Macclesfield, Wigan...3