davieG Posted 12 July 2009 Posted 12 July 2009 source close to the bid said last night: 'The club are going through a slow, painful death. In strict business terms, a club with 10 fewer points, but millions of pounds less debt would be a far more attractive proposition.' Shows that the 10 point deduction is not the solution to football finance mismanagement. Clubs must be prevented from getting into this debt in the first place, I know the FL are trying to resolve this but it needs some higher authority to ensure the Premier League adopt similar rules.
Edmund Posted 12 July 2009 Posted 12 July 2009 I blame SKY, the bastards have forced them to go into debt and to mismange there money and parachute payments.
demon_dog Posted 12 July 2009 Posted 12 July 2009 I blame SKY, the bastards have forced them to go into debt and to mismange there money and parachute payments. The problem is quite probably due to Sky. If it wasn't for the squillions of pounds that Sky pump into the game the players demands would not be so high. I think you will find that the majority of clubs rely on Sky to pay the players wages. It's high time that a cap on wages was introduced, this would help the smaller clubs at least to have a realistic budget. I recall reading somewhere that an accountant stated that ideally approximately 60% of the income should be for player / staff wages, a maximum of 70% at a push. The rest of course going on ground maintenance and admin. Again most clubs spend their anticipated income from the upcoming season, this leaves them no room to manouvere in the event of a shortfall. This is exactly what happened to the city, built the new stadium on expected income, got relegated, ITV digital deal collapsed, large loss in revenue. Leicester have been very lucky in surviving the financial problems they had. It was this event that brought home to not only the fans but also the FA as to how the football clubs are ran. To this day the FA are still trying to find a solution to help clubs survive. Unfortunately until the big premiership clubs agree on a financial cap on players wages, the money will simply disappear out of the game on flash cars, mansions, wanton women etc.
Matt Posted 12 July 2009 Posted 12 July 2009 Again, it's sad for the fans but I have no sympathy for the club at all, they voted for the points deduction, we we're (along with Bradford?) the only club to vote against points deductions, what goes around, comes around. (That is just a basic statement I use for team having points deductions now.) Having said that, We're Charlton in the Premiership when the Football League teams voted on a points deduction? Therefore Charlton didn't vote? Or were the Premiership clubs asked their view and vote aswell?
Ultra Posted 12 July 2009 Posted 12 July 2009 I think I've answered this before, but Charlton were in the Premier League when the points deduction rule was introduced (2003), and so had NO say in it. (edit - this came up in a thread on Southampton - the same applied to them).
Daggers Posted 12 July 2009 Posted 12 July 2009 Blaming Sky for the ills of clubs like Charlton is like blaming Heineken for alcoholism. It's a simplistic and niaive viewpoint which allows the inept people who run clubs a 'get out of jail free' card. Players aren't to blame for manking high wage demands, agents aren't to blame for fighting for the best interests of their clients and Sky isn't to blame for flooding the game with money. The boards of directors make the decisions to follow courses of action which veer away from best business practice and they are encouraged to do so by supporters lusting after touching the coat-tails of Premiership glory. Supporters who then go out and subscribe to Sky and buy the products which advertise on its channels. You want to find someone to blame for another club facing the prospect of going to the wall? Look in the mirror. We are the ones not doing anything about it.
Edmund Posted 12 July 2009 Posted 12 July 2009 Blaming Sky for the ills of clubs like Charlton is like blaming Heineken for alcoholism. It's a simplistic and niaive viewpoint which allows the inept people who run clubs a 'get out of jail free' card.Players aren't to blame for manking high wage demands, agents aren't to blame for fighting for the best interests of their clients and Sky isn't to blame for flooding the game with money. The boards of directors make the decisions to follow courses of action which veer away from best business practice and they are encouraged to do so by supporters lusting after touching the coat-tails of Premiership glory. Supporters who then go out and subscribe to Sky and buy the products which advertise on its channels. You want to find someone to blame for another club facing the prospect of going to the wall? Look in the mirror. We are the ones not doing anything about it. My sky comment was sarcastic It was tongue in cheek as in past threads it seems fashionable to blame sky for clubs going under when in fact football is a business and the owners are to blame for miss management just like an everyday business going under. To blame the fans well I think thats a little silly as a owner shouldn't be swayed by fans feelings and should run a club like a business. Like someone else stated in the thread, they still had players on silly wages and with relegation mixed in it is bound to do damage. Ok a owner can't take full responsibility for relegation but like any business you have to forecast for the worst as football is a big risk.
Fox92 Posted 13 July 2009 Posted 13 July 2009 Hope they can overcome it - sad thing to happen to any football club.
vanfox12 Posted 14 July 2009 Posted 14 July 2009 My sky comment was sarcastic It was tongue in cheek as in past threads it seems fashionable to blame sky for clubs going under when in fact football is a business and the owners are to blame for miss management just like an everyday business going under. To blame the fans well I think thats a little silly as a owner shouldn't be swayed by fans feelings and should run a club like a business. Like someone else stated in the thread, they still had players on silly wages and with relegation mixed in it is bound to do damage. Ok a owner can't take full responsibility for relegation but like any business you have to forecast for the worst as football is a big risk. While i agree football clubs have to get there house in order and stop blaming others, football fans are indeed part of the problem on the one hand they want the club to be successfull and expect the club to bust a gut to get the best players and pay decent wages but then they moan when the club messes up big time because it paid over the odds for playerswho fail to perform. Also if a club is indeed run as a business then it has to make tough choices either it cuts costs and budgets accordingly or it puts up ticket prices which everyone knows generally annoys fans as they think they are being ripped off.
Edmund Posted 14 July 2009 Posted 14 July 2009 While i agree football clubs have to get there house in order and stop blaming others, football fans are indeed part of the problem on the one hand they want the club to be successfull and expect the club to bust a gut to get the best players and pay decent wages but then they moan when the club messes up big time because it paid over the odds for playerswho fail to perform. Also if a club is indeed run as a business then it has to make tough choices either it cuts costs and budgets accordingly or it puts up ticket prices which everyone knows generally annoys fans as they think they are being ripped off. You make some good points, but some clubs have wasted cash unnecessarily i.e. Newcastle. At the end of the day you have to keep the fans happy but within reason. It would be like going to tesco and buying a bag of tesco value ice cream in a shopping basket made out of gold. (Not the best example but you see what im getting at ). Owning and running a football club is a risk and a gamble which means that there is a good possibility that you could send a club under which should be fully expected before purchasing/owning a club. I do agree with what your saying though but these owners should forecast for the worst whilst keeping the fans happy within reason.
Lamby Posted 15 July 2009 Posted 15 July 2009 We will survive, I dont think it's as bad as people make it out to be, just sit and wait for an official announcement before we all start beliving the press
ob1kanobe0 Posted 17 July 2009 Posted 17 July 2009 I blame SKY, the bastards have forced them to go into debt and to mismange there money and parachute payments. How can it be sky, charlton spent the money, not sky. That'd be like saying you blame the fans for giving the club too much money. Odds for charlton to do a Leicester City went up from 8/1 to 19/2 recently, back down now to 17/2.
Edmund Posted 17 July 2009 Posted 17 July 2009 My sky comment was sarcastic How can it be sky, charlton spent the money, not sky. That'd be like saying you blame the fans for giving the club too much money.Odds for charlton to do a Leicester City went up from 8/1 to 19/2 recently, back down now to 17/2. You obviously didn't read the thread properly.
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