Iron Bru › Forums › Blast Furnace › Out of money in November
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September 30, 2020 at 9:06 pm #195231
Adrian Clarke on the totally football league podcast said he’s interviewed peter Swann this Past week and while we are ok for October we don’t have enough money to go beyond November if a bail out is not sorted.
He made the point scunny are a really well run club so if we are affected in this way how bad are other clubs???
He basically said the EFL need to pull their fingers out!!October 1, 2020 at 12:08 am #195234The “well run club” has declared losses of c. £3.6m in each of the last two annual reports.
Given the current rules on playing budgets, which would mean far lower ongoing losses, the only reason the club would be in danger is if the owner had decided not to sustain such losses in future, which he is perfectly entitled to do, much as we might not like it.
Of course, as a negotiating tactic, it wouldn’t be the brightest idea to suggest that the club is flush and doesn’t need grants…
October 1, 2020 at 9:09 am #195235He made the point scunny are a really well run club so if we are affected in this way how bad are other clubs???
He basically said the EFL need to pull their fingers out!!Who said that? Clarke or Swann?
To be honest, given the club has had minimal income for the last 6-7 months, it’s no great surprise that this is the case, aside from some notable exceptions like Exeter I can imagine most clubs are in a desperate position.
What I find incredibly frustrating is that the game of football has been awash with money for a couple of decades now. Yes, it’s been tighter in the lower leagues thanks to the greed of the Premier League, but there’s still been more money than in, say, the 1980s or 1990s. Yet, it seems that the game has completely failed to put money aside for a rainy day, the old Brian Clough “prune juice” analogy still seems to apply. Basically, we’ve had decades to fix the roof for a rainy day and we never bothered.
October 1, 2020 at 3:27 pm #195237Ferrite——You say that there is more money in ;ower league footbll now then there was in the 1980 and 1990s, I am sure that you are not thinking that wages of the endless number of staff that Scunny are carrying is anywhere near what it was in those day!!!!. Back then we ha a manager, an assistant manager, a trainer and a sponge man, now we have three managers and three assistants endless coaches and fitness guys, thirty odd players not on £700 to £1,000 per month, you cannot compare the two periods.
Why the hell the government does not see fit for 2,500 supporters to come into a 10,000 stadium like ours, but yet can approve planes carrying 350 passengers that are all breathing the same circulating air for possibly 10 hours, and coming from far afield, and then after landing in the UK can then walk straight out into our public, is far from being anything but brainless.
All holiday flights, and people going back to places like Indea to see family and then coming back should all have been banned back in March, SEVEN
October 1, 2020 at 3:29 pm #195238months ago.
October 1, 2020 at 6:57 pm #195253.
All holiday flights, and people going back to places like Indea to see family and then coming back should all have been banned back in March, SEVEN
Barton’s very own Enoch Powell.
October 1, 2020 at 7:13 pm #195254I blame all those black rats stowing away in the hold!
October 2, 2020 at 9:41 am #195295Barton’s very own Enoch Powell.
Agreed, a nasty man, I’m surprised he’s still allowed to post on here after some of his comments.
October 2, 2020 at 10:00 pm #195308Well according to an article in Martin Samuel page 80 he says that Peter Swann has an estimated wealth of £400 million.
October 2, 2020 at 10:46 pm #195310Barton’s very own Enoch Powell.Think not he’s right in most of his views ,even though his grammar/spelling is not helping.planes full of immigrants with minimal checks,migrants landing on our shores daily by the hundreds with no fuss or border controls,communities in total lockdown mostly full of ethnic minorities who take the piss with the rules.players jumping all over each other if a goal is scored ,but taking extreme measures in other daily scenarios.This country is a fuc**** joke ,full of nanny state prat’s,on a final note perhaps Enoch Powell was right ,can’t wait for the rivers of blood he predicted just a matter of time due to our nanny state.on a final note if this upsets some of you I couldn’t give a shit.
October 3, 2020 at 11:36 am #195320Covid just another excuse to spread your vile racist bile, I used to think the web would make us more tolerant, ,sadly I was wrong.
October 3, 2020 at 2:14 pm #195328The Martin Samuel item is in the Daily Mail, friday october 2 and on page 80. Unable to edit the previous ite.
October 5, 2020 at 10:32 pm #195487Story on calender tonight with interviews with Ernie and Staffy of state of finances at club.
Also a similar report on tramere with an interview from Scunny team bus driver!
October 6, 2020 at 8:56 pm #195517There are lots of billionaires in the EFL, why bail them out?
In 2018, Peter Lim was described by Forbes as a billionaire. He owns 40 per cent of Salford City. Peter Swann, who owns Scunthorpe, has estimated wealth in the region of £400m. Michael Eisner at Portsmouth is another billionaire, while Marcus Evans of Ipswich is not far short.And these are just a sprinkling of the owners outside the Championship. Not representative of all, but not wholly unrepresentative either.
As for inside the Championship, the new consortium that owns Barnsley has a collective wealth of approximately £7bn, while the Coates family own Stoke, and Bet365, where chief executive Denise Coates has paid herself £588m over the last two years. Stephen Lansdown, owner of Bristol City, is another in the billionaire bracket, as is Lakshmi Mittal at Queens Park Rangers.
Operating at more than 10 times the estimated worth of Mike Garlick at Burnley would be the owners of Birmingham, Cardiff, Derby, Nottingham Forest and Preston — and maybe Huddersfield, too. So it is not as simple as pointing to a pyramid, and saying Garlick’s club has to cut costs, to help out Lim at Salford.
The Premier League has a pyramid, too, and those at the base of it, over by the corners, are much closer to the Championship clubs than those at the apex. They fear going short and empowering hungry rivals who will take their place. They resent the pressure being applied from below over curtailed seasons and relegation.
Why should they help richer owners who would swap places in a heartbeat? Brentford collected £27.7m from Aston Villa for Ollie Watkins last month. Do they need a bail-out? Norwich, boosted by parachute payments, fought off Barcelona to keep Max Aarons. They can’t be needing further Premier League largesse, surely?
And, no it isn’t the best look, spending £1bn on transfers as the Premier League have done, while clubs below fight for survival. But the BBC can’t survive by getting rid of all the actors to save administrative staff. Cut to a framing shot of Albert Square, empty, and then the titles roll.
The playing part of the business, those huge expenses, have to be maintained and standards must be kept. Chelsea and Manchester City are still striving to catch Liverpool, Leeds and Fulham want to remain in the division, Brighton and Newcastle fear another flirtation with relegation.
In fact, while recognising the moral imperative, it is easy to see why the Premier League clubs look after number one: so they don’t end up back in the Championship, needing a bail-out.
October 7, 2020 at 9:23 am #195526This article is fine if you ignore the fact that the reason most Premier League clubs still have plenty of money is because of the way that the Premier League has systematically stolen money from the rest of the football pyramid over the last 30 years. Shared gate receipts? No. A league-wide TV deal? No. EPPP? Thanks for training up those youth players, here’s virtually no money for them! Football League Trophy? You don’t mind if we parachute in our youth teams to completely undermine your competition designed solely for small clubs?
Fine, some lower league clubs have wealthy owners but the whole pyramid is fundamentally rotten, part of the blame lies with greedy club owners who have run up debts and can’t cope with a rainy day, but the lion’s share of the blame lies with the way that the Premier League has been doing everything it can get away with to distort the competition since its inception.
As with football, so with life. You see this sort of poor-blaming attitude in life too, ignoring all the things that stop the playing field from being level.
October 7, 2020 at 10:22 am #195527“As with football so with life”…
Good point Ferrite.
Immigrants, blacks, teachers, single mothers, social workers, the homeless, the low-paid in general…. Don’t complain or level the playing field, just look after number one and hang on to what you’ve got or you might end up like them – relegated and begging for a handout!
This country has become a world leader in reality denial.
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