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Post by reamsofverse on Mar 12, 2024 18:36:54 GMT
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Post by jonkool on Mar 12, 2024 18:51:48 GMT
Clearly certain poorer/smaller EPL clubs are concerned that if they agree to proposals more ££££ will filter down to the EFL. Not sure if the Government are going to push the EPL given that an election is so close … sadly for us they have other more pressing issues on their mind. |
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Post by seriouslyred on Mar 12, 2024 19:29:56 GMT
Clearly certain poorer/smaller EPL clubs are concerned that if they agree to proposals more ££££ will filter down to the EFL. Not sure if the Government are going to push the EPL given that an election is so close … sadly for us they have other more pressing issues on their mind. Reports suggest it's eight clubs holding out against 12. Only requires two to re-evaluate their position. Can't see this dying UK government moving but Labour after GE2024 may see an intervention as a popular way to illustrate their approach? |
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Post by wellingaddick on Mar 12, 2024 20:15:05 GMT
Clearly certain poorer/smaller EPL clubs are concerned that if they agree to proposals more ££££ will filter down to the EFL. Not sure if the Government are going to push the EPL given that an election is so close … sadly for us they have other more pressing issues on their mind. With the exception of Arsenal, Chelsea, Everton, Liverpool, Man U amd Spurs, every other current EPL team has spent time in the lower divisions. Some of these other clubs will want as easy a ride possible back to the Premiership should they get relegated. That won't happen if the Championship clubs do get a bigger slice of the pie. I fear it will be very difficult to change certain minds here, without going to an independent arbitration. |
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Post by kings hill addick on Mar 12, 2024 22:23:28 GMT
I’m surprised that anyone is surprised about this. What Methven, really, wants is the Premier League clubs to give his club money so that it can be successful and he can benefit from it.
Whatever Mr Methven’s exit strategy from Charlton is, it will be much more rewarding if he can convince someone to give the EFL £900m over six years.
Let’s just think about that. Nine tenths of a billion pounds.
The Premier League didn’t make the Championship clubs overspend. The Championship had rules to stop them from running up debts and the clubs had a meeting and voted for the restrictions to be relaxed. They have no one to blame but themselves, yet they demand that they are given free money in order to agree new rules on spending. They could bring in those new rules anytime.
I am sick and tired of people making stupid decisions and then expecting someone else to bail them out. If Methven’s plan included having someone else throw millions and millions of pounds at him then he deserves to fail.
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Post by seriouslyred on Mar 12, 2024 22:39:02 GMT
I’m surprised that anyone is surprised about this. What Methven, really, wants is the Premier League clubs to give his club money so that it can be successful and he can benefit from it. Whatever Mr Methven’s exit strategy from Charlton is, it will be much more rewarding if he can convince someone to give the EFL £900m over six years. Let’s just think about that. Nine tenths of a billion pounds. The Premier League didn’t make the Championship clubs overspend. The Championship had rules to stop them from running up debts and the clubs had a meeting and voted for the restrictions to be relaxed. They have no one to blame but themselves, yet they demand that they are given free money in order to agree new rules on spending. They could bring in those new rules anytime. I am sick and tired of people making stupid decisions and then expecting someone else to bail them out. If Methven’s plan included having someone else throw millions and millions of pounds at him then he deserves to fail. You make some interesting points. Except the EPL leant on the Championship back in 2014/15 to abandon the then £5M loss limits. These were replaced with a rolling three year average of £13M or £39M aggregated! If memory serves correctly, clubs such as Brighton changed camps and abandoned the likes of ourselves and others. That £900M equates to an additional £7M media revenue for clubs without parachute monies. But we should agree with your premise that it won't solve anything. Not without a return to tighter caps on wages and losses. Making both changes combined will return the competition to a far leveller playing field, as well as rolling the pitch for a break even CAFC. And any other club without parachute monies. Perhaps that's what the smaller EPL clubs such as Palace really don’t like about the proposal? |
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Post by kings hill addick on Mar 12, 2024 22:54:01 GMT
I’m surprised that anyone is surprised about this. What Methven, really, wants is the Premier League clubs to give his club money so that it can be successful and he can benefit from it. Whatever Mr Methven’s exit strategy from Charlton is, it will be much more rewarding if he can convince someone to give the EFL £900m over six years. Let’s just think about that. Nine tenths of a billion pounds. The Premier League didn’t make the Championship clubs overspend. The Championship had rules to stop them from running up debts and the clubs had a meeting and voted for the restrictions to be relaxed. They have no one to blame but themselves, yet they demand that they are given free money in order to agree new rules on spending. They could bring in those new rules anytime. I am sick and tired of people making stupid decisions and then expecting someone else to bail them out. If Methven’s plan included having someone else throw millions and millions of pounds at him then he deserves to fail. You make some interesting points. Except the EPL leant on the Championship back in 2015 to abandon the then £5M loss limits. These were replaced with a rolling three year average of £13M or £39M aggregated! If memory serves correctly, clubs such as Brighton changed camps and abandoned the likes of ourselves and others. An additional £7M media revenue won't solve anything without a return to tighter caps on losses. These two changes combined will return the competition to a far leveller playing field, as well as rolling the pitch for a break even CAFC. And any other club without parachute monies. Perhaps that's what the smaller EPL clubs such as Palace really don’t like about the proposal? Surely if the Championship clubs just introduce even tighter rules they wouldn’t need the £7m a year. The truth is that we all know that what will happen is the £7m will just be swallowed up, the players and their agents will earn even more, and the total spending will go up as will the clubs debts. |
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995632
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Post by 995632 on Mar 13, 2024 0:17:26 GMT
Talking of CM, TRIGGER WARNING: watching 'The Gentleman' on Netflix, Episode 7. 16:10 in, wanted to warn people there's a posh bloke with floppy dark hair wearing salmon pink chinos in it... Don't want the Pavlovian response of hatred to overflow through seeing this image! Can't handle the bile sprayed everywhere and the heat from the flaming torches and pitch forks. Health and Safety people!! Be safe, and don't have nightmares! COYR
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Post by 995632 on Mar 13, 2024 0:49:01 GMT
I’m surprised that anyone is surprised about this. What Methven, really, wants is the Premier League clubs to give his club money so that it can be successful and he can benefit from it. Whatever Mr Methven’s exit strategy from Charlton is, it will be much more rewarding if he can convince someone to give the EFL £900m over six years. Let’s just think about that. Nine tenths of a billion pounds. The Premier League didn’t make the Championship clubs overspend. The Championship had rules to stop them from running up debts and the clubs had a meeting and voted for the restrictions to be relaxed. They have no one to blame but themselves, yet they demand that they are given free money in order to agree new rules on spending. They could bring in those new rules anytime. I am sick and tired of people making stupid decisions and then expecting someone else to bail them out. If Methven’s plan included having someone else throw millions and millions of pounds at him then he deserves to fail. Methven was working with the MP Damian Collins, the Manchester United supporting Conservative MP for Folkestone and Hythe Man United fan. He was the long-term chair of the DCMS Select Committee when the football regulator was under consideration and he called for it 4 years ago in a joint statement with Methven... Can hear much more about this on the (actually, quite interesting) 'Where's the money gone?' podcast with Adrian Goldberg. Also, being "sick and tired of people making stupid decisions and then expecting someone else to bail them out" with regards to football actually goes back to '93 and the formation of the Premiership. The subsequent power grab for the Sky bazillions is what has caused the financial meltdown of football and the strangle hold of the 20 over the rest of the 72. Really weird that Roland Rat was actually spot on with his theory on the state of football economics, and the failure of the last bargaining to do with losses etc in the Championship. The greed from the dangled carrot of the Premiership 'promised land' prevented the reining in of the unsustainable losses by teams and the creative accounting that is now, unfortunately, part and parcel of the game. Not sure how that has got much to do with CM, but quite pleased that 'someone' is trying to do something about it. Just a real shame that any regulator will not have much power to do anything against the big boys of the Premier League. |
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Post by kings hill addick on Mar 13, 2024 1:14:42 GMT
I’m surprised that anyone is surprised about this. What Methven, really, wants is the Premier League clubs to give his club money so that it can be successful and he can benefit from it. Whatever Mr Methven’s exit strategy from Charlton is, it will be much more rewarding if he can convince someone to give the EFL £900m over six years. Let’s just think about that. Nine tenths of a billion pounds. The Premier League didn’t make the Championship clubs overspend. The Championship had rules to stop them from running up debts and the clubs had a meeting and voted for the restrictions to be relaxed. They have no one to blame but themselves, yet they demand that they are given free money in order to agree new rules on spending. They could bring in those new rules anytime. I am sick and tired of people making stupid decisions and then expecting someone else to bail them out. If Methven’s plan included having someone else throw millions and millions of pounds at him then he deserves to fail. Methven was working with the MP Damian Collins, the Manchester United supporting Conservative MP for Folkestone and Hythe Man United fan. He was the long-term chair of the DCMS Select Committee when the football regulator was under consideration and he called for it 4 years ago in a joint statement with Methven... Can hear much more about this on the (actually, quite interesting) 'Where's the money gone?' podcast with Adrian Goldberg. Also, being "sick and tired of people making stupid decisions and then expecting someone else to bail them out" with regards to football actually goes back to '93 and the formation of the Premiership. The subsequent power grab for the Sky bazillions is what has caused the financial meltdown of football and the strangle hold of the 20 over the rest of the 72. Really weird that Roland Rat was actually spot on with his theory on the state of football economics, and the failure of the last bargaining to do with losses etc in the Championship. The greed from the dangled carrot of the Premiership 'promised land' prevented the reining in of the unsustainable losses by teams and the creative accounting that is now, unfortunately, part and parcel of the game. Not sure how that has got much to do with CM, but quite pleased that 'someone' is trying to do something about it. Just a real shame that any regulator will not have much power to do anything against the big boys of the Premier League. Yeah, that quote may well have been influenced by things that are going on in my life currently. It does fit well with football though. The European Super League was born out of stupid decisions. For example, Barcelona and Real Madrid needed a Super League because they have borrowed so much money that they have become unable to compete financially with the top sides in Europe. They didn’t set out to start the league and then spend the money; they ran up the debts first - and this from two clubs that, already, take the lions share of the TV money from their domestic league. The Premier League did, indeed, run off with all the money but, to be fair, they are the clubs that the TV audiences subscribe to Sky and TNT for. The truth is that most (more than half) of the Premier League clubs are not necessary and almost no one cares about them. They could be swapped out with, virtually, any other club from the EFL and no one would care at all. There does come a point - and this comes up in the Methven podcasts, where the big six, or eight, don’t have to fund any more clubs. One chap on there suggested that the Premier League should find the Non-League clubs too. Not only does it seem unfair for a club like Maidstone, for example, to pay their players and SMT massive salaries and expect the Premier League clubs to pay for it, but if the Premier League clubs are not able to attract the best talent, sooner or later, the TV money will dry up and the foreign audiences may decide to watch Spanish football or German football. As much as I think that football is broken in England I don’t think it is acceptable for the teams, below the Premier League, to demand more money when they have players, and Chief Executives earning in excess of £1m a year, and are making multi-million pound losses. |
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Post by Mundell on Mar 13, 2024 9:07:32 GMT
I have a lot of sympathy with kings hill addick here. The Independent Regulator is a classic populist fantasy which is purporting to address a number of “grievances”, the solutions to some of which point in opposite directions. Right from the off the “There can’t be another Bury” mantra was fundamentally flawed. No government is going to spend public money propping up failing football clubs who are unable to live within their means. Regrettable though it may be, it’s an entirely unrealistic objective. The irony is that relative to any other activity, across both private and public sectors, the survival rates of professional football clubs over the last 100-years has been simply astonishing. Clubs in the EFL face a classic collective action problem. They’re in an arms race and face a kind of prisoner’s dilemma. The solution is a collective agreement to limit spending to remove unsustainable losses. It’s in their hands, but there’s a strong counter argument, advanced by the likes of Martin Samuel who argues clubs should be allowed to spend what they want or the existing order will be locked in. You can’t have it both ways though. Allow clubs to spend what they want and they’ll be more Readings, though plastic toys will only ever appear on the pitch when it goes wrong, not when the money is being spent. If collective action to limit spending is the answer, then it will only work if it is enforced and that means punishing miscreants. Somewhat ironic then that when clubs are punished, appeals follow as surely as night follows day and fans protest against the injustice. The government may be dishonest but it’s not stupid. It’s already announced that the Regulator will not impose sporting sanctions. In other words, for all its “words” it’s not actually going to enforce financial discipline. It will leave that to the football authorities. There is a problem though. We all want a dynamic and fluid pyramid and that means seeking to ensure that a large moat between the EPL and the EFL doesn’t prevent clubs moving between the two. Let’s be realistic about what this means though. The big clubs, playing in the big cities in front of the biggest crowds have always dominated, as they do elsewhere in Europe. What we want is for mid sized clubs to rotate in and out of the top tier, but so far that’s working out. Fifty one clubs have played in the Premier League. Is there too big a gap between the Premier League and the Championship? Perhaps, though that’s exactly why the Profitability and Sustainability rules are so lax. It’s exactly why the EPL lent on clubs in the Championship to loosen financial controls back in 2014. You can’t have it both ways. It’s also why the hated parachute payments are necessary. The Premier League will increase the handouts it gives to clubs in the EFL, that’s inevitable, but kings hill addick is right it that will do so grudgingly. It’s a negotiation, pure and simple. As a quid pro quo, the EFL will probably have to adopt UEFA’s Squad Cost Control Ratio and reduce spending on wages. That ought to reduce financial blow ups, but let’s not kid ourselves. Clubs will try to cheat the rules, they’ll be those who rail against the rules and fans will complain when their clubs are punished for breaking the rules. Football in this country isn’t broken. It’s enjoying a period of unparalleled success, judged by the quality of play and the attendances throughout the EPL and into the National League. The challenge is to improve financial discipline without fundamentally undermining what’s being delivered week in week out. We should all be careful what we wish for and be wary of simplistic soundbites which lack underlying substance. We’re living in the real world, not some fantasy version in which all clubs are successful and bad things can’t happen. |
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Post by petetongthereturn on Mar 13, 2024 12:26:43 GMT
Oh the cleaner and clean so called friends of football and fans, Liverpool and West Ham voted against this.
What do you expect from the likes of Sullivan and Brady.
Be interesting if the EFL broke away from the premier league.
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Post by clarky on Mar 13, 2024 14:15:40 GMT
According to The Guardian Karen Brady has received an apology from Charlton regarding CM's comments.
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Post by kings hill addick on Mar 13, 2024 14:18:35 GMT
Oh the cleaner and clean so called friends of football and fans, Liverpool and West Ham voted against this. What do you expect from the likes of Sullivan and Brady. Be interesting if the EFL broke away from the premier league. I was under the impression that the reason many clubs voted against it was because they thought that the wealthier clubs should pay more, opposed to a flat sum from every club. If this is the case then it does make Liverpool's vote, against, seem a little strange. Unless I've misunderstood it, of course. |
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Post by coloradocafc on Mar 13, 2024 14:31:38 GMT
...Allow clubs to spend what they want and they’ll be more Readings, though plastic toys will only ever appear on the pitch when it goes wrong, not when the money is being spent.... This is a really nice way to get to the heart of the problem. In this club's most recent change in ownership, fans viewed (rightly or wrongly) failure as a result of underspending. A majority of fans were rooting to find owners that were rich enough to sustain the significant losses that are deemed necessary to get to the Championship, a league where losses will increase dramatically. Football clubs are as much like yachts as they are like businesses. You buy them because you can, not because it makes sense. |
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Post by aaronaldo on Mar 13, 2024 14:47:07 GMT
According to The Guardian Karen Brady has received an apology from Charlton regarding CM's comments. It was a bit silly to name clubs blocking the deal imo. Not surprised we have since apologised. We don't want to burn bridges. |
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Post by bowmansmate on Mar 13, 2024 20:07:52 GMT
interesting comments on this situation from Peter Risdale on the BBC website today. As the PL drifts away from the rest of the football pyramid, it's seems that with the parachute payments as large as they are (90m over first 2 yrs) and increasing year on year the championship as a competition is becoming a chase for only a play off place. 900m over 6 years between 72 EFL clubs would go a way to helping 'proper' football  survive |
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Post by Occam’s Razor on Mar 13, 2024 20:28:36 GMT
The Pyramid System is vital & integral to English football , and has been for a long time. It’also speaks to wider issues including basic fairness, and giving the little guy a fair crack of the whip.
Systems must remain in place with regards to finance to ensure this continues to remain the case.
My wider perspective is that this is one of the downsides of the “foreigner-isation” of English football, particularly at ownership level, which has gone too far IMO. You’ve only got to look at the ownerships now of the really big clubs in England .
Man United - American
Man City - oil state owned
Liverpool - American
Chelsea - American , after Putin oligarch
Newcastle - oil state owned
Arsenal - American
Spurs - American (Joe Lewis doesn’t count)
Of course all of the above want an ever bigger slice of the pie, they are the same people who floated the idea of doing away with relegation. Their only interest in smaller clubs is when they hoover up their Academy prospects.
The EPL and FA are now basically little more than the surrogate children of the Glazers and Todd Boehly etc, so it’s very difficult to see how things get better.
What I do know is that the Pyramid System in English football and the trickle down to support the EFL 72 must be protected at all costs.
I wouldn’t personalise this particular debate to Methven, as Rick Everitt has attempted to do on Twitter today 💤 It raises much wider issues about the type of foreign people who now have our national game by the bollocks.
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Post by Mundell on Mar 13, 2024 21:17:48 GMT
According to The Guardian Karen Brady has received an apology from Charlton regarding CM's comments. It was a bit silly to name clubs blocking the deal imo. Not surprised we have since apologised. We don't want to burn bridges. My take is that Methven has the right instincts and is most definitely a force for good, but he’d really benefit from an eminence grise to help him refine his messages and optimise execution. |
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Post by wiggyatthebackpost on Mar 14, 2024 7:57:58 GMT
Surprised Bournemouth voted against it,and didn't Palace few years back going into administration. And couldn't pay local business money owed.Very short memories these clubs have.Never forget where you come from
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Post by earlpurple on Mar 17, 2024 10:17:34 GMT
What I see this season is that Burnley, who stormed the Championship last season, are doing absolutely terribly this season, and Sheff Utd who came 2nd are doing just as badly. So it appears there is a massive drift.
Nottingham Forest, who spent a lot of money last season to stay up, are now possibly facing charges for doing so, which means that teams that come in are not even allowed to attempt to be competitive.
Luton are putting in some kind of fight in the Premier League and Ipswich are also challenging near the top of the Championship, but on the whole, it's the ones who went down that are looking likely to come back up again and perhaps they have a huge advantage in budget with parachute payments?
Remember, however, that in 1998, had we not beaten Sunderland in that playoff final, the teams playing in the league in 1998-99 would have been exactly the same 20 as the ones who played in it in 1996-97 and it almost felt back then like it was impossible to get promoted and stay up, especially as Bolton had won the Championship comfortably in 1996-97 only to get relegated straight back, albeit on goal-difference (i.e. they were at least competitive).
I'm sure Charlton fans would have been very happy if Roman Abramovich had bought us instead of Chelsea and we'd have had even half the success that Chelsea had in the next 13 seasons where they won the title 6 times.
Manchester City have broken 115 rules? But before 2009 they won nothing and were at best a mediocre mid-table team, having been in the 3rd tier for one season in 1998-99. After the buy-up they started being competitive and challenging the elite in the trophies. In recent years they achieved the goal of winning the Champions League, taking on the elite of Europe.
In some ways it is good that they upset the elite cartel of the "big 4" as it was at the time (albeit Spurs breached it first in 2010), and that if Newcastle are counted there may be a "big 7" or however many because that means far more games where 2 such clubs are playing, which means more attractive games on TV (even if Manchester City do regularly beat Manchester United now, it's still an attractive prospect to watch).
However it's also good for spectators to know that Fulham can beat Spurs 3-0 and also beat Arsenal earlier this season and Manchester United at Old Trafford, and that last season Brighton could finish 6th with Spurs only 8th and Chelsea only 12th.
As for Charlton, I think the main aim is to get to the Championship right now, the Premier League looks a long way away, but if Ipswich manage it this season, and Luton did last season, maybe there's a chance for us?
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Post by seriouslyred on Mar 18, 2024 21:47:08 GMT
What I see this season is that Burnley, who stormed the Championship last season, are doing absolutely terribly this season, and Sheff Utd who came 2nd are doing just as badly. So it appears there is a massive drift. Nottingham Forest, who spent a lot of money last season to stay up, are now possibly facing charges for doing so, which means that teams that come in are not even allowed to attempt to be competitive. Luton are putting in some kind of fight in the Premier League and Ipswich are also challenging near the top of the Championship, but on the whole, it's the ones who went down that are looking likely to come back up again and perhaps they have a huge advantage in budget with parachute payments? Remember, however, that in 1998, had we not beaten Sunderland in that playoff final, the teams playing in the league in 1998-99 would have been exactly the same 20 as the ones who played in it in 1996-97 and it almost felt back then like it was impossible to get promoted and stay up, especially as Bolton had won the Championship comfortably in 1996-97 only to get relegated straight back, albeit on goal-difference (i.e. they were at least competitive). I'm sure Charlton fans would have been very happy if Roman Abramovich had bought us instead of Chelsea and we'd have had even half the success that Chelsea had in the next 13 seasons where they won the title 6 times. Manchester City have broken 115 rules? But before 2009 they won nothing and were at best a mediocre mid-table team, having been in the 3rd tier for one season in 1998-99. After the buy-up they started being competitive and challenging the elite in the trophies. In recent years they achieved the goal of winning the Champions League, taking on the elite of Europe. In some ways it is good that they upset the elite cartel of the "big 4" as it was at the time (albeit Spurs breached it first in 2010), and that if Newcastle are counted there may be a "big 7" or however many because that means far more games where 2 such clubs are playing, which means more attractive games on TV (even if Manchester City do regularly beat Manchester United now, it's still an attractive prospect to watch). However it's also good for spectators to know that Fulham can beat Spurs 3-0 and also beat Arsenal earlier this season and Manchester United at Old Trafford, and that last season Brighton could finish 6th with Spurs only 8th and Chelsea only 12th. As for Charlton, I think the main aim is to get to the Championship right now, the Premier League looks a long way away, but if Ipswich manage it this season, and Luton did last season, maybe there's a chance for us? Today Luton leapfrogged Forest to climb out of the bottom three without kicking a ball! For Forest were deducted four points for overspending. Like Everton before them, they tried claiming a transfer sale that didn't happen as mitigation! We'll see if they appeal. And we'll see if the Govt proposes a bill to force a deal on the EPL that distributes more of their media deal to the Championship. This could shape up nicely but first Scott and Jones need to sign more quality in the summer window. If the Championship media revenue does go up in 25/26 then it follows that the competition and price for elite League One players will also rise. |
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Post by aaronaldo on Mar 19, 2024 7:42:03 GMT
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Post by manikin on Mar 19, 2024 8:11:47 GMT
This could be a massive step forward, let's hope it's got teeth. |
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Post by seriouslyred on Mar 19, 2024 8:35:24 GMT
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Post by aaronaldo on Mar 19, 2024 9:04:04 GMT
This could be a massive step forward, let's hope it's got teeth.Yeah that's the big question for me. |
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Post by Occam’s Razor on Mar 19, 2024 12:57:01 GMT
Generally speaking, politicians / Governments of all colours should steer well clear of legislating on anything when it comes to sport.
As we have seen with the botched handling of affordability checks in another sport I follow, politicians have a frightening ability to bring a sport to its knees in a very short period of time when they get things wrong.
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Post by AndyAddick on Mar 19, 2024 13:41:56 GMT
like whats already been said on here and aired on Talksport by Jordan etc, this is NOTHING to do with the , as you put it , 'the Tory Govt', its down to ELF / P'Ship etc who are completely inept of any kind of decision making / management bar self indulgent GREED ! |
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Post by kings hill addick on Mar 19, 2024 13:46:09 GMT
This could be a massive step forward, let's hope it's got teeth.Yeah that's the big question for me. I don't think the question is about if they have teeth but more if they will use them. We need to remember that there is, in actual fact, no solution that will not piss off come clubs and their fans. I would, even, go as far as to say that there is no solution that doesn't drastically cut the incomes of the players and their agents, and the other high earners in the game - Managers, Chief Executives, Owners etc. The wording of the two articles suggests that the Regulator's main aim will be to control the finances of clubs by dictating to the owners and banning some of them - even after they have bought the club. There is little, in the text, to suggest that they will do much about the distribution of TV revenues. What this is going to mean, in reality, is that all clubs outside of the Premier League will have significant restrictions put on their spending. Based on the fact that most fans, including many Charlton supporters, 'demand' that the owners spend more and more money I suspect that most of them will hate the Regulator and most of what it does. My best guess is that the long term outcome will be to make the gap between the divisions greater than it is now, and ensure that two of the teams relegated from the Premier League will win automatic promotion, each season, and all three promoted clubs will come straight back down. However, as no club will be allowed to spend any, real, money, at all, there will be no risk of clubs going bust - just less excitement as it will be harder for clubs to bridge the gap between them and those above them. The biggest positive for Charlton is that Charlie Methven (who is one of the people pushing this) will be able to sell his shareholding for a significant profit because, as soon as the Regulator stops any clubs spending money, it will remove the need for owners to inject capital, all the while making it possible for success on the pitch. Then potential owners will be able to buy the club and enjoy owning it with no further investments needed. For Charlton, in League One, this would give us a big advantage as our turnover will be one of the largest. Not so much in the Championship, obviously, but we should still, once clubs can only spend a fraction of the revenue they generate, be able to hold our own there. Promotion to the Premier League will be less and less likely, however. The big elephant in the room is how the Regulator will deal with current levels of debt and the way that the clubs finance it. If loan repayments are going to be taken out of the revenue used for calculate players' wages some clubs, with large debts, could in real trouble. It will be interesting to see how the Regulator deals with the £Billions of debt across the two top divisions. |
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Post by seriouslyred on Mar 19, 2024 14:29:42 GMT
Yeah that's the big question for me. I don't think the question is about if they have teeth but more if they will use them. We need to remember that there is, in actual fact, no solution that will not piss off come clubs and their fans. I would, even, go as far as to say that there is no solution that doesn't drastically cut the incomes of the players and their agents, and the other high earners in the game - Managers, Chief Executives, Owners etc. The wording of the two articles suggests that the Regulator's main aim will be to control the finances of clubs by dictating to the owners and banning some of them - even after they have bought the club. There is little, in the text, to suggest that they will do much about the distribution of TV revenues. What this is going to mean, in reality, is that all clubs outside of the Premier League will have significant restrictions put on their spending. Based on the fact that most fans, including many Charlton supporters, 'demand' that the owners spend more and more money I suspect that most of them will hate the Regulator and most of what it does. My best guess is that the long term outcome will be to make the gap between the divisions greater than it is now, and ensure that two of the teams relegated from the Premier League will win automatic promotion, each season, and all three promoted clubs will come straight back down. However, as no club will be allowed to spend any, real, money, at all, there will be no risk of clubs going bust - just less excitement as it will be harder for clubs to bridge the gap between them and those above them. The biggest positive for Charlton is that Charlie Methven (who is one of the people pushing this) will be able to sell his shareholding for a significant profit because, as soon as the Regulator stops any clubs spending money, it will remove the need for owners to inject capital, all the while making it possible for success on the pitch. Then potential owners will be able to buy the club and enjoy owning it with no further investments needed. For Charlton, in League One, this would give us a big advantage as our turnover will be one of the largest. Not so much in the Championship, obviously, but we should still, once clubs can only spend a fraction of the revenue they generate, be able to hold our own there. Promotion to the Premier League will be less and less likely, however. The big elephant in the room is how the Regulator will deal with current levels of debt and the way that the clubs finance it. If loan repayments are going to be taken out of the revenue used for calculate players' wages some clubs, with large debts, could in real trouble. It will be interesting to see how the Regulator deals with the £Billions of debt across the two top divisions. If CAFC becomes more attractive and more investable as a result of changes in media monies and cost control then that's surely a good thing. Perhaps Methven will want an exit or perhaps he fancies raising more capital and attempting to push for the Championship play-offs? Either way GFP / SE7 Partners current ownership of CAFC isn't worth much until we return to the Championship. By securing promotion and agreeing a longer lease we might well be worth £30M+ simply because our club will become sustainable AND every season we'll have a ticket to attempt to win promotion to the largest sports media deal on the planet. I've lost count of the number of owners who have racked up £200M of debt over the last decade attempting to reach the EPL once loss limits were raised to £13M per season. In that time CAFC has racked up perhaps £80M of losses but much of that was offset through Duchatelet / Staprix selling the CAFC assets to himself. What happens to clubs with massive debts, and should they be charged market levels of interest to go into the cost management calculations? 🤔 It's difficult to imagine a regulator going full on into dispute with either the EPL or individual clubs just yet. Therfore we might expect six months of positioning and negotiation. Which leads me to repeat my earlier observation that nothing is guaranteed, but CAFC has a free hand to acquire more "elite" players over this next window. |
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