Extremely worrying article on Sky Sports stating that between six and eight Championship clubs fear survival unless a financial bailout is forthcoming. Wonder if in due course, we will get to know who they are.? https://www.skysports.com/football/...s-fear-for-survival-without-financial-bailout
Like some other businesses (not the majority), this situation has accelerated what was going to inevitably happen anyway. Colchester chairman on earlier speaking of consistently losing money before any of this started, a situation mirrored by the majority of teams in the championship.
Wycombe will be one of them - they were complaining about financial pressure after the suspension of the League One season. Someone at Millwall was saying their owner is having to put a million quid a month in.
I hope there isn't a bailout and they go under and we retain promotion and relegation and the rest of the clubs that are left cut their cloth accordingly. I can't imagine a future supporting Barnsley where I didn't dream about being back in the Premier League.
Exactly that. Why should we be worrying about clubs who have spent beyond their means for years going under? It just means those who have been penalised for far too long by being sensible will finally get a chance to be more successful.
It seems with the majority of EFL clubs being in favour, this has traction, though I'm not sure how it gets ratified by PL clubs. If it went through, it would be less likely for clubs going into admin, and likely a greater risk of us getting relegated if teams going down are increased to 5 or 4 if a phased restructure.
Seems a bit suspicious if they are imo ie Wycombe. They got a six million rise for promotion last season and with Covid and the implications with it they were aware of how this season could pan out and should have cut their cloth accordingly imo . It’s no good saying they wanted a team to compete when they knew the consequences . A small rise for the existing players should have been enough imo .
And yet, our club is constantly criticised for trying to be financially prudent. I'm glad we're not one of the clubs who'll struggle without support, but I find it difficult to have a lot of sympathy for some of the ones that are.
Thing is if the clubs are so desperate for the money my worry is they’ll succumb to the big six proposals which will give them elitism then all the dreams and aspirations of Clubs as ours will almost be non existent and will imo kill the hopes and dreams of a lot of the fan bases .
Based on our CEO's last update? I mean he might not be telling the truth, but it was on the official club website and covered by the Chronicle and the Yorkshire Post so I'm inclined to believe there's value in it. I tend to only ask that question when there's no official club comment and we're getting in to a frenzy over something a mate of a mate of a mate's milkman has said. Swing and a miss for me there.
"Six Championship clubs have told Sky Sports News that if there is no financial bailout forthcoming they fear for the survival of their club." "Culture Secretary Oliver Dowden said that he had received assurances that no EFL club would be allowed to go into administration." These sound like 2 conflicting statements in the same article. What does "no EFL club would be allowed to go into administration" mean? That the EFL will abolish administration rules during covid or they will be bailed out?
Let the headcase clubs go to the wall, football as we know it needs to fail. The PL, the Champions league and the perennial big clubs in Europe are part of a big greedy boring monster. European football competitions in the 80s & 90s were far more enjoyable, and worth watching. Anderlecht, Standard, St Etienne, Bordeaux, Red Star, Steaua, Gotenborg, Malmo, Legia, Grasshopper, Rosenborg, Vicenza, Zaragoza, Tenerife, Mallorca, Panathanikos all clubs who got into later rounds and punched above their weight. Now most of those clubs are struggling financially and rely on loan signings from big clubs. When you looked at how many young players Chelsea had out on loan it proves the game is broken.
It's like telling a gambler in a casino you can play with IOU's. Certain clubs and owners can't be trusted. Jimmy Hill must be spinning in his grave, he fought for a fair pay deal for players. Now you've got players like Ozil sitting on his arse earning 350k, and players like Loftus-Cheek earning 150k and Fulham pick up half the tab for a season. All whilst teams like Accrington do things the right way and struggle.