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Financial meltdown

Makes for worrying reading for some.Again PC needs applauding for making sure our club is on a sound financial footing

http://www.skysports.com/story/0,,11661_6971800,00.html

comment by CapnBob (U1696)

posted on 10/6/11

richietyke


Read on a BBC site, a post which said fans are to blame for the money in the game. No, I think it is the tv money Sky are paying which has led to inflated wages, cascaded down to an expensive monthly subscription paid by fans.

However the real money Sky makes is via pubs, charging almost hundreds of pounds a week, so that is why they got so nervous about the court case involving the Portsmouth landlady bypassing Sky and accessing football via a cheaper Euro provider in her pub.

comment by kinnell (U2619)

posted on 10/6/11

OK then Sparts, I'll rephrase the bit about negotiate with the Premier League.
We should go cap in hand to the Premier League and ask them to look at this parachute payment system again, for the good of the National game.

I cant understand why every Premier League club is in debt when they are getting more money than ever from Sky tv...
Could it be the silly wages that the below average squad player is on, or could it be the high price of hair transplants (Rooney,Berbatov, Lescott)..

posted on 11/6/11

It's the wages of all of them Kinnell.
I put it to you that a gifted premier league footballer deserves to be a millionaire.

but they all are, every single grabbing one of them, even the ones you've never heard of. All millionaires.

posted on 11/6/11

Agree with many points, Richie...But supporters are far from blameless.

Chairman/ Manager..."We can't afford player X, his wage demands are prohibitive"

Fans, en masse..."Booooo, no ambition, booooo, sack the board...hang the manager...booooo.

Board cave...club lurches a further step towards financial meltdown...Player smiles, kisses badge and thinks of his next move.

posted on 11/6/11

Thing is Spart, it's not a level playing field with the current state of financial affairs. Clubs that are prepared to gamble their own existence against success or failure in the future always have the nap hand up against clubs that run a tight ship and live within their means. Prime example of this is Arsenal where the manager is berated for not spending money like his rival clubs and so the club just falls short in terms of achievement and trophies. The impatience of the fans for instant success is one of the driving forces of the greed culture. It is up to those with more of an understanding and foresight to reign in this dash to disaster and introduce regulation into the game that will ensure it's survival for the next generation of supporters. The game has never been richer, but never been closer to the financial meltdown the OP used as a thread starter, that's the thing. It's no real mystery as to why.
Lately I've noticed a lot of contributors to our boards have begun to realise the position BFC is in with regards it's finances. The board has explained very clearly the clubs position and what it expected from it's new manager. Hill says all the right things, we aren't flush with cash, will only invest where we can see a return down the line and inevitably may have to sell our best assets later if needs be. At the moment (before a ball is kicked, it must be said) the suppoters seem to have bought into this. If he can produce a team that entertains and maintains Championship status or even improves year on year then everything is rosy, but if things go badly on the pitch and we are simply outgunned by bigger outfits that have money to spend either through sugar daddy investors or risky debt what then? Will the fans at BFC turn on the board/ manager and demand we spend money we haven't got? Football fans are fickle, and in that sense you have a point. The new rules will bring at least a little sanity back, and there will be more of a reliance on good management and coaching rather than splashing the cash. Can we survive till then though, being one of the first clubs to put our house in order early?

posted on 11/6/11

I've posted several times that I''m not bothered if we get relegated, so long as we survive as a professional Football League club. Reckon I'm in a small minority though.

It's going to take a few clubs going out of business to make football see sense and with this government's economic policies, that day is very close. PC, I believe, has seen this and is acting accordingly. Let's hope he's given time by the fans.

posted on 12/6/11

Relegation is the disaster that Luton town fans would have taken over the catastrophe they witnessed instead.
We could well be relegated next season, in fact we are one of the bookies favourites to go down. The appointment of Hill gives us the best chance of avoiding this fate that we could have wished for. Probably better than with Robins, who seems to need to throw money about. Either way though it is vital, whichever league we compete in, that we live within our means. Some clubs will fall foul of the new rules when they come in. It'll be interesting to see if the FL stands it ground with regards punishment for these clubs, because if they don't and we suffer relegation, from getting our house in order against a club that broke the rules and stayed up, what then?

posted on 12/6/11

Sue Tevez?

posted on 12/6/11

Thought the name was Carla Tevez

posted on 12/6/11

Sue...Carla...? Whoever...

No chance of a date in a Manchester restaurant...

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