Macclesfield RIP |
View previous topic :: View next topic |
Author |
Message |
Raxfactor
Joined: 16 Jan 2020 Posts: 96
|
Posted: Tue Sep 22, 2020 8:50 pm
Post subject: |
|
|
The way it worked at Wigan under Dave Whelan was he funded the club for all the years he had ownership when he sold it was debt free, news owners came in added to the squad via loans then put us in administration because they no longer wanted to pay the bills, the revenue from gates and TV were insufficient on a profit and loss basis.
I believe Blackburn have debts of £180m, PNE funded by Trevor Hemmings at a big loss and I assume it will be the same for a lot of other clubs, Derby and Sheff Wed both had shady deals involving the sale of their grounds, for ridiculous sums £60m + £40m from memory most other clubs will also be relying on owners to foot the shortfall.
Football clubs ideally should live within their means but if someone wants to fund a club with their own money that's fine by me, but not via large loans placed on the club when revenue streams have no chance of covering them. |
|
Back to top |
|
|
saint clarkie
Joined: 23 Mar 2009 Posts: 757
|
Posted: Tue Sep 22, 2020 9:26 pm
Post subject: wigan |
|
|
Raxfactor
You have a pm |
|
Back to top |
|
|
AndyBRFC
Joined: 27 Mar 2020 Posts: 53
|
Posted: Tue Sep 22, 2020 9:33 pm
Post subject: |
|
|
Raxfactor wrote: |
The way it worked at Wigan under Dave Whelan was he funded the club for all the years he had ownership when he sold it was debt free, news owners came in added to the squad via loans then put us in administration because they no longer wanted to pay the bills, the revenue from gates and TV were insufficient on a profit and loss basis.
I believe Blackburn have debts of £180m, PNE funded by Trevor Hemmings at a big loss and I assume it will be the same for a lot of other clubs, Derby and Sheff Wed both had shady deals involving the sale of their grounds, for ridiculous sums £60m + £40m from memory most other clubs will also be relying on owners to foot the shortfall.
Football clubs ideally should live within their means but if someone wants to fund a club with their own money that's fine by me, but not via large loans placed on the club when revenue streams have no chance of covering them. |
That is what the owners have put in the cover the losses (the vast majority to players, agents and questionable 'characters' that have fleeced them) over their 10 years at the club and in theory is no different to the 'debt' that Wigan will have accrued under the ownership of Dave Whelan. |
|
Back to top |
|
|
Raxfactor
Joined: 16 Jan 2020 Posts: 96
|
Posted: Wed Sep 23, 2020 2:55 pm
Post subject: |
|
|
Hello Andy,
Just hope that Venkys don't walk or if they sell right off the debt then things should be good. Its a worry for all football clubs when the furlough ends or is extended but not at the generous 80% that's when the true effect of this political shambles will be revealed
and the dire state of some of our clubs. |
|
Back to top |
|
|
AndyBRFC
Joined: 27 Mar 2020 Posts: 53
|
Posted: Wed Sep 23, 2020 4:50 pm
Post subject: |
|
|
football club finances are a ticking time bomb brought about, in general, by the demands of fans and exacerbated by the eye watering amounts that flow in from broadcasters however flow straight back out to the previous mentioned parties...
COVID19 will be the end of some clubs, will force some clubs to re-model themselves however at the top of the game (and let's face it, that is all the main stream media really care about) life will carry on as you were. They don't need the money from fans and the 'football family' will be shown for what it actually is... a strapline used by those in suits at the Premier League & FA headquarters to make those further down the food chain feel important, appreciated and involved.
Football will loose a lot of fans as a result, however it will be those clubs who can afford it the least, who will actually feel it the most. |
|
Back to top |
|
|
pompeypete Forum Moderator
Joined: 17 Sep 2009 Posts: 1095
|
Posted: Wed Sep 23, 2020 5:10 pm
Post subject: |
|
|
we just need a top club to feel the heat......
After all it was only a couple of years ago that Liverpool £300M debt was forclosed by the bank
OK they got around it but it should be a warning to all those clubs spending money like no tomorrow
It could happen at any time esp as nobody pays upfront for these transfers.....
Just another debt (OK a controlled debt)
Here at Pompey (a well supported club) is losing £700,000 per month
It can,t carry on _________________ RESPECT..................
Flickr pages in the process of closing......
Happy to forward any info on Pompey... |
|
Back to top |
|
|
derby1884 Forum Moderator
Joined: 05 Aug 2012 Posts: 3527 Location: the very western edge of Aberdeen
|
Posted: Wed Sep 23, 2020 7:00 pm
Post subject: |
|
|
pompeypete wrote: |
Here at Pompey (a well supported club) is losing £700,000 per month
It can,t carry on |
Am I reading that correctly?
Pompey are - as of now - losing £700k/month?
What would be the net figure if they still had gate revenue? _________________ http://www.flickr.com/photos/derby1884/sets/ |
|
Back to top |
|
|
pompeypete Forum Moderator
Joined: 17 Sep 2009 Posts: 1095
|
Posted: Wed Sep 23, 2020 7:22 pm
Post subject: |
|
|
Good question Steve....
Loss taken from the local paper
£700,000 when compared to their usual revenue.
Just recieved £100,000 for the televised Carabao cup match.
Also five figures for iFollow stream
Looks like the owners will be digging in deep (or loans against the club, lets hope not)
And we are a well run club that generates profits each year
Help !!! _________________ RESPECT..................
Flickr pages in the process of closing......
Happy to forward any info on Pompey... |
|
Back to top |
|
|
|
|
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
|
|
|
|
|
|
RIKERBCFC, 5 hours, 38 minutes ago
Dorking, 5 hours, 50 minutes ago
grantham, 1 day ago
Enniskillendoc, 1 day, 2 hours ago
James, 1 day, 3 hours ago
Raxfactor, 1 day, 3 hours ago
Raxfactor, 1 day, 3 hours ago
ndg1860, 1 day, 3 hours ago
colchestersid, 1 day, 4 hours ago
Raxfactor, 1 day, 4 hours ago
Pete’s Picture Palace, 1 day, 19 hours ago
Martin1963, 1 day, 23 hours ago
ndg1860, 2 days, 1 hour ago
PhilWBA, 2 days, 1 hour ago
Flaming Pie, 2 days, 3 hours ago
slightfold, 2 days, 4 hours ago
CAFC 1947, 2 days, 9 hours ago
Flaming Pie, 2 days, 10 hours ago
CAFC 1947, 2 days, 10 hours ago
DerbyCounter, 2 days, 11 hours ago
Dorking, 4 days, 7 hours ago
Dorking, 4 days, 8 hours ago
colchestersid, 4 days, 11 hours ago
Raxfactor, 5 days, 6 hours ago
Cpfc jim, 5 days, 6 hours ago
Raxfactor, 5 days, 6 hours ago
Cpfc jim, 5 days, 6 hours ago
grantham, 1 week ago
Pablo2019, 1 week ago
Dorking, 1 week ago
grantham, 1 week ago
seandel1, 1 week ago
Thedoog10, 1 week ago
colchestersid, 1 week, 1 day ago
kenners46, 1 week, 1 day ago
Thedoog10, 1 week, 1 day ago
colchestersid, 1 week, 1 day ago
Spireitenag1955, 1 week, 2 days ago
siddy, 1 week, 2 days ago
DerbyCounter, 1 week, 2 days ago
grantham, 1 week, 2 days ago
pafcprogs, 1 week, 3 days ago
pafcprogs, 1 week, 3 days ago
Flaming Pie, 1 week, 3 days ago
Cpfc jim, 1 week, 3 days ago
FootballShirts24, 1 week, 3 days ago
gatfb, 1 week, 3 days ago
Cpfc jim, 1 week, 4 days ago
grantham, 1 week, 5 days ago
PaulRStoke, 1 week, 5 days ago |
|
11,648
Members
10,148
Members Wants
39
Members Mini-Stores
4,227
Members Items for Sale
|
|
|