They really have bet the house on this one Just read a bit on the Rooney transfer that would have me extremely worried if I was a derby fan. It also neatly encapsulates all that is wrong with our current football structure Id also take issue with the idea that "You get to the Premier League and your financial troubles almost disappear overnight," Ask Bolton Blackpool Blackburn how well that worked out Taken from https://www.bbc.co.uk/sport/football/49265227
Its just staggering. And the football authorities are not only gutless but failing in their duties to stop this kind of activity occurring. but I suspect they are being regularly warned a PL2 is just around the corner and any attempts to hold such frivolous "big" clubs to account would only provoke such a breakaway sooner. This though, it seems akin to an external organisation essentially paying for a player. Which surely isn't legal. (if it was, surely it would be done more often and more openly as a way of getting round FFP). when you consider an £80m ground sale has essentially written off a £66m single season loss, its just insane. Then they go and blow a token paper based profit (the ground sale may have expunged paper debt, but the leaseback is now going to add to their annual costs) on a record £10m signing and acquire Rooney for who knows how much plus wages. The crazy thing, the talk is of breaching FFP. That means over £39m of losses over 3 years. I've not yet heard what happens in seasons 4-6, is the period reset? Do promotions and relegations reset this period? Is it explicitly outlined? Is it a rolling 3 year period? So technically you could lose £13m every single year and be above board according to the EFL? So many clubs now and in a deep mess. the questions are, when will it come home to roost. Will it be so widespread that we have an opportunity as one of the last standing to benefit? Or will the whole EFL pyramid come crashing down due to its unsustainability?
I dare say their club sponsor 32red have weighed in here hence hes been given he's been given squad number 32. When it all come stumbling down and Derby do a bolton people like wayne rooney should have a long hard look at themselves in the mirror and realise it is their greed that is driving these ridiculous wages and sending cubs to the wall. But they will be long gone and onto the next pay day to give a flying ****.
I'd say you've got basket case examples there though - especially Blackpool and Blackburn. With sound management, promotion can cure any previous years of ill-advised financial spending and get you back on track and then some. But with absolutely bonkers owners, it just makes the fall from grace that much more dramatic when performances on the pitch go wrong.
technically we already have. The council should be commended however for ensuring we didn't lose it to the wrong person.
Perennial bottlers in recent times, nearly on par with Leeds, if they blow it this year they can't sell the ground again and playing Rooney because of his reputation will bite them as it did successive England managers. I'd like to say hope they go the way of Bolton, but it's highly likely they'll both fiddle their way free. In reality FFP is non existent.
I'm just saying you can't legislate for owners like the Venkys and Oystons. The likes of Brighton, WBA, Newcastle, Burnley, Southampton, Watford ......... appear, on the outside, to be run ok compared to some of the others. Reality is nobody is being run well from a business perspective, but the ones in trouble usually have a deeper story than just being rubbish at football.
You may have a point but your problem is the "with sound management" Does someone who literally bets the stadium on getting promotion seem to be a someone with sound financial management. If they dont go up in the next couple of seasons they will be royally ****ed. And even if they go up and come back down - unless they can bounce back within 3-4 years they are Bolton
There's one thing for sure, if a PL2 is introduced we wont be allowed in it, even though we are the most established club in the 2nd tier..
What you mean they would put someone like Sunderland in it instead of us - thats so last century Actually I think if we were mid table in the 2nd tier they would have us if only to show they are catering for all by allowing #ThelikesofBarnsley into it. Not sure I would want to be in it mind
Sponsors paying his wages and he acts as an ambassador for them according to the sun if this is true surely that is trying to beat ffp
I don't disagree at all but I wasn't commenting on Derby, I was just suggesting that promotion does fix things financially - providing you've got decent people at the top. If Derby do get promoted this year, it will be seen as a strategic gamble that paid off and it will probably be 5 years plus before their cash flow balance is talked about again. It wasn't promotion to the Premier League that killed Blackpool. It was a greedy owner who tried to sacrifice the football club for personal gain.
Derby season ticket holder at work is adamant that the chairman doesn’t want to be promoted and massively fell out with the manager when they were promoted last time as they weren’t supposed to be. Not sure how it tallies up with all this mind.
The current Sky advertising campaign says it all, you have Jeff Sterling proclaiming football is a beast and the beast is back. It contentious which is the beast football or Sky but either way it's a breast that is long out of control