Hibs pretty poor commercial income previously might help lessen the blow.This quote is hidden because you are ignoring this member. Show Quote
Wonder if our investment in the stadium will go ahead? With less commercial income on the horizon it may be we cancel or it could go the other way and it helps us compete harder for the commercial income that is out there. And there is also the fact that it will also probably be available at a knock down price just now as firms struggle to get back going again.
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Results 31 to 53 of 53
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05-04-2020 08:40 PM #31
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05-04-2020 09:23 PM #32This quote is hidden because you are ignoring this member. Show Quote
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05-04-2020 09:32 PM #33This quote is hidden because you are ignoring this member. Show Quote
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05-04-2020 09:33 PM #34This quote is hidden because you are ignoring this member. Show Quote
There are exceptions of course. I believe Man City have said they will continue to pay all non playing staff in full for the duration.
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05-04-2020 10:05 PM #35
The problem is that this government initiative will last only for three months. A friend of my daughter who has a fairly big company which is using the furlough scheme told her that, due to financial restraints, there was no way it might be extended beyond June. There’s nothing to suggest that we might be in a better situation virus-wise by then.
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05-04-2020 10:26 PM #36This quote is hidden because you are ignoring this member. Show Quote
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05-04-2020 10:50 PM #37This quote is hidden because you are ignoring this member. Show Quote
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05-04-2020 11:29 PM #38
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Those players taking cuts could allow those clubs, and their invariably billionaire owners, to comfortably pay their own staff, and free up the resources of the state for use in the NHS etc. Though I find it hard to believe they can’t afford to continue to pay said staff regardless, Man City have announced they’re paying all their own staff costs, for example.
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06-04-2020 08:44 AM #39This quote is hidden because you are ignoring this member. Show Quote
No, you've got it all wrong!
Didn't you read the English PFA's statement that we should all be grateful that taxes on the astronomical wages of the Premier League players are helping to fund the NHS.... therefore cutting their wages would have a detrimental effect?
Apparently, we should all be prostrating ourselves at their ($1,000 a pair) Christian Louboutin clad feet, and thank them as they graciously poor champagne over our heads and step into their Bentley/Rolls-Royce/Ferrari.
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06-04-2020 09:00 AM #40This quote is hidden because you are ignoring this member. Show Quote
Spurs Annual Wage Bill is about £300m. Harry Kane (himself) earns £866,000 a month!!
Oh aye...and Owner of Spurs worth £4.3 Billion !!!
Asking the taxpayer to contribute towards the couple of grand a month for their furloughed staff when it could easily be generated through miniscule wage cuts for players. It's an absolute disgrace.
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06-04-2020 09:03 AM #41This quote is hidden because you are ignoring this member. Show Quote
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06-04-2020 09:06 AM #42This quote is hidden because you are ignoring this member. Show Quote
It's a total nonsense that clubs like that are taking government handouts.
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06-04-2020 09:14 AM #43This quote is hidden because you are ignoring this member. Show Quote
So if there's £3M worth of staff costs for furloughed people to be paid, HMRC would have to stump up £2.4M (80%).
If it was paid by taking £3M off the top earners, HMRC would lose £1.3M (45% top rate of tax) in tax revenues.
Without adding NI or any tax relief schemes into the mix which would complicate things, that would seem to me like the way that millionaires and super rich clubs/businesses could sacrifice a bit less to save HMRC from doing so.Mon the Hibs.
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06-04-2020 09:15 AM #44This quote is hidden because you are ignoring this member. Show Quote
So reduce their wages and make a gift to the NHS instead?
Or if they can afford to keep paying them ridiculously high wages, stop claiming money from the government for non-playing staff.
Or players could volunteer to pay the non-playing staff from a fraction of their incredibly high wages.
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06-04-2020 10:29 AM #45This quote is hidden because you are ignoring this member. Show Quote
The debate had been around "how does reducing player wages help the Government?". As I said, of itself, it doesn't.
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06-04-2020 10:54 AM #46
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06-04-2020 11:26 AM #47
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Originally Posted by BBC WebsiteThis quote is hidden because you are ignoring this member. Show Quote
Absolutely disgusted by it. Let's hope that the Government turn up the heat on these overpaid football stars.
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06-04-2020 11:29 AM #48This quote is hidden because you are ignoring this member. Show Quote
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06-04-2020 11:41 AM #49This quote is hidden because you are ignoring this member. Show Quote
But it’s up to the associations and clubs what they do with the money.
Imo clubs have shown they need to be protected from themselves - wreckless financial mismanagement despite coining it in. Sustainability should be the foundation. And that’s where I believe the associations have been severely lacking."We know the people who have invested so far are simple fans." Vladimir Romanov - Scotsman 10th December 2012
"Romanov was like a breath of fresh air - laced with cyanide." Me.
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06-04-2020 02:53 PM #50
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Going back to the original theme of the thread, it's possible that the clubs further down the pyramid may be better placed than some of the bigger ones. In leagues 1 and 2 players are nearly all on one year contracts and a lot of the admin work is done by volunteers. If these clubs can make it to the summer then running expenses drop to very little and what's then needed is more in the range where a wealthy fan or director can put in enough to keep things going.
I don't envy the club finance directors who're trying to plan for the future. Sponsorship will be very difficult to find once things resume. I can see a number of full-time teams going part-time and part-time outfits switching to an amateur basis.
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06-04-2020 05:34 PM #51
Liverpool now reversed decision to furlough workers.
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06-04-2020 05:48 PM #52
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I do find football clubs at that elite level intending to use the job retention scheme, when making profits of millions, morally wrong though. Again, that doesn’t just apply to football clubs though.
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10-04-2020 08:27 AM #53This quote is hidden because you are ignoring this member. Show Quote
All greed, deserve everything that happens to them.
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