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Wigan financial woes - up for sale again? p40
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Wednesday? Especially if they get a massive points deduction anyway, as wasn't there a story that they were struggling to pay wages?DoctorCharlton said:I wonder who?
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Let's hope we get 12 points clear, just to be safe.2
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Pretty sure it's Luton who are having problems as well.1
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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.15 -
12 interested buyers is a crazy amount, never mind 30.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.
A large number will be delusioned or attention seekers, then there will be the seriously dodgy ones. Once you've removed them you'll be left with Dave Whelan and maybe one other8 -
Sounds like Dave Whelan is the man to rescue them.
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The problem always goes back to the fact that the PL is sucking the life-blood out of the lower leagues.17
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TBH, who would buy a football club as a business venture in today's environment?2
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I think he own a bit of Mansfield so would have to ditch them first.DoctorCharlton said:Sounds like Dave Whelan is the man to rescue them.0 - Sponsored links:
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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.1
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Believe Reading are the club in trouble3
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petetheaddick said:TBH, who would buy a 2nd division football club as a business venture in any environment?
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Hopefully one of the 'expressions of interest' trumpeted by Wigan's administrators is this Farnell cabal. They can move CAFC/ESI on to Varney & Barclay and go play with something nearer home and leave Charlton Athletic in the hands of people who actually give a shit and, crucially, know what they're actually doing - 2nd division football as a "business proposition" how exactly effing stupid do they think we are? Get it done quickly and the salary stealing fucktards at EFL can have another piss poor excuse to kick this particular can further out in to the long grass, leaving Charlton to get on with the business of getting on.
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Derby have been superb since Rooney joined, and it's really helping their young players, but the finances behind it and his "coaching role" are pretty suspectMuttleyCAFC 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.3 -
I thought they had mega rich owners? Guessing they got bored and have stopped putting money in. Or based on events at other clubs, stripped the club of assets as far as they canBubble said:Believe Reading are the club in trouble0 -
Let's not kid ourselves we could be in this position, so I have every sympathy for the fans of Wigan. We as fan's need to apply pressure on the EFL to sort proper governance on the ownership of football clubs, wether it be in our division or not. Some of these owners need to have a cold sober look at themselves, I have for what it is worth emailed my local MP today urging him to investigate this situation, after all it is not the first time this scenario has occurred. By the way he is Damian Collins MP, Chair of the Digital, Culture, Media and Sport Committee ....... we have spoken before regarding CAFC and our ownership. Will it do any good? probably not .........but let's hope we can get some support for the club's in this situation, the fans, players and staff all innocent in this type of situation.6
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EFL must have some culpability in all this. After all this new consortium/owner has only recently passed the FPP test and must have shown the amount and source of the funding to keep the Club running, at least until the end of the 2020/21 season?2
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Also those who abuse the system often get rewarded by promotion to premier league and then the cycle continues as other clubs see abusing the system as the easiest way to reach the premier league.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.1 -
Reading certainly had some issues meeting FFP, and their owners seem more interested in surrounding the ground with flats than developing the club...Todds_right_hook said:
I thought they had mega rich owners? Guessing they got bored and have stopped putting money in. Or based on events at other clubs, stripped the club of assets as far as they canBubble said:Believe Reading are the club in trouble0 - Sponsored links:
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I am not so sure they have that short careers. There are 100s of league 1 and probably some league 2 players that earn well over 100k year.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.10 -
Derby are paying him about £50k per week. It’s beyond suspect. This deal happened back in January and it’s still a joke that it’s been allowed.killerandflash said:
Derby have been superb since Rooney joined, and it's really helping their young players, but the finances behind it and his "coaching role" are pretty suspectMuttleyCAFC 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.3 -
That is why I would rather see Millwall promoted than Derby and that thought disgusts me.stoneroses19 said:
Also those who abuse the system often get rewarded by promotion to premier league and then the cycle continues as other clubs see abusing the system as the easiest way to reach the premier league.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.1 -
Maybe local businessman and entrepreneur Matt Southall could take them over?
Or does he abide by the adage 'don't shit on your own doorstep'.1 -
Agreed, football wages are well OTT. And when people talk about short careers, why should an average footballer earn enough so that they can be comfortable for life at 35? You have one career from 18-35, then you get another jobCafc43v3r said:
I am not so sure they have that short careers. There are 100s of league 1 and probably some league 2 players that earn well over 100k year.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?
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How many jobs are you no longer able to perform in after you mid thirties?killerandflash said:
Agreed, football wages are well OTT. And when people talk about short careers, why should an average footballer earn enough so that they can be comfortable for life at 35? You have one career from 18-35, then you get another jobCafc43v3r said:
I am not so sure they have that short careers. There are 100s of league 1 and probably some league 2 players that earn well over 100k year.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?1 -
What's that coming over the hill? Is it Bassini? Is it Bassini?
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You get another job thenCovered_End_Lad said:
How many jobs are you no longer able to perform in after you mid thirties?killerandflash said:
Agreed, football wages are well OTT. And when people talk about short careers, why should an average footballer earn enough so that they can be comfortable for life at 35? You have one career from 18-35, then you get another jobCafc43v3r said:
I am not so sure they have that short careers. There are 100s of league 1 and probably some league 2 players that earn well over 100k year.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)
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Is Bassini italian for albatross?0
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Or maybe bad smell?0
