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Post by whitesince63 on Dec 12, 2019 11:55:09 GMT
So the EFL have just woken up to the fact that with a total £307m of debt the Championship is in danger of some clubs collapsing. Call me old fashioned but hasn’t that been obvious for years, yet the League have done little about it apart from penalising clubs with points penalties, transfer embargo’s, wage limits and other useless sanctions. It’s time this completely useless organisation woke up to the realisation that the formation of the PL and the huge disparity of income distribution is quickly killing our game. It isn’t just the Championship either, it’s the whole league that is living beyond its means. Nobody can blame clubs for wanting to get into the huge riches available in the PL but the pure cost of getting there is quickly becoming a noose around clubs necks. Even those coming down struggle with high wage players despite parachute payments. The simplest solution is better distribution from the massive riches of the PL but there’s no chance of that happening so it looks like we’ll just have to wait for the financial bubble to burst with much bigger clubs than Bury suffering the consequences.
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Post by OohMac on Dec 12, 2019 16:03:49 GMT
Here is where i have sympathy. Anytime they try and shake things up you get someone like Mel Morris saying to his legal team "find me the loophole".
Saw with QPR they threatened this and that but imagine when QPR and Tony Fernandez team got to the legal team to challenge them they knew they had to change tact and tread carefully.
Personally think the reason they rejected our verdict was because they knew cases like ours are going to come thick and fast.
Most clubs have richer pockets, better lawyers than EFL. So they will hammer the less fortunate like Bury as Derby, Boro, etc are untouchable.
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Post by whitesince63 on Dec 12, 2019 18:39:48 GMT
Not sure they can hide forever tough OM, especially when the big clubs come unstuck, which they will eventually. Look at a Leeds, it nearly destroyed them and their debt was nowhere near the levels of other clubs today. The problem is, once the safety net of a wealthy, or corrupt in our case, owner is withdrawn, the club is left hanging and that can happen to any of them. It’s certainly a difficult situation but there is no doubt that football itself has enough money to run the game efficiently but only if it is shared more equally between all clubs, not just the PL. Of course we know that won’t happen but paying their players obscene levels of income compared to the paupers of League 1 and 2 makes the whole thing unsustainable. The formation of the PL was the worst thing that ever happened to football in this country and aligned with the Bosman situation has effectively impoverished the smaller clubs and even medium to large clubs who can’t meet the wages required. I’m sad to say that it needs a “big” club to fail in order to possibly bring change and that time may not be too far away given the indebtedness growing every year.
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Post by OohMac on Dec 12, 2019 22:04:34 GMT
Eventually whites but the bigger clubs theres another Thai, Chinese, US consortium to bail them out. Villa gambled and gambled until they won.
Kept wondering why they kept finding these buyers when for a fraction you could pick up a sleeping giant/big chap club.
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