Sorry to burst your bubble, but Parachute payments are protected, and cannot be pocketed by unscrupulous directors, as for the sale of players, well that could easily be appropriated, but then what team are you going to field? Who will watch a team of nuggets? Oh wait haven't we being doing that!!........
Unless you make overall company profits there's no money for investors through selling players either. They paid their money to Jinx and Co and the company does not owe them anything to be repaid. They could make loans to themselves, of course, but they would be repayable at some point. Don't forget, your club model is based upon profits on players to balance the books.
I would not be too worried about who is going to take money out of the club but who is going to put money in. Because if we are relegated we would lose about 25% of our income straight away and when you consider our wage bill is 80% of income in the words of Mr Micawber. Result misery.
Newport, my understanding is that the bottom club in the PL will have received £100m this season. The parachute payment will be c£87/£88m over 3 years - c£40m in year 1, then c£33m & then c£15m.
If you look at clubs that were relegated since the swans have been in the Premier league. Blackburn, Wigan, Bolton, Blackpool, Aston Villa. All are in financial trouble. Not to mention clubs like Sheffield United, Charlton and Portsmouth who all fell on hard times. We had better be very careful.
We are in big trouble if we go down. We might require a fire sale (if any club takes the shower of $hite) to drastically cut the wage bill. Newport says we will lose 25% of income asap, I'd argue more like 35%-40% once you factor game attendances, ticket price reductions, replica shirt price reductions etc on top of the lost money from TV deals etc.
Valley - PL TV money is £100m for the bottom team this year. The parachute payment in year 1 is £40m......
True... but at a level that makes it worthwhile? If they are too large, HMRC and all and sundry would be on them like a tonne of bricks. It would however signal their true intent.
Clear the air, clear out your desk more likely you snout in the trough twat. http://www.walesonline.co.uk/sport/football/football-news/swansea-city-chairman-huw-jenkins-12929475
Utd 1 up v Burnley. Burnley look to me a side that thought they were safe and have gone on holiday and are a yard or two off the pace.
Another potential twist? Newcastle and West Ham raided in HMRC probe Football Posted at10:23 please log in to view this image Getty Images It's been confirmed that Newcastle United and West Ham United's grounds have been raided in a fraud investigation. HMRC said it deployed 180 officers across the UK and France, resulting in the arrests of several men working within professional football. A spokesman added the arrests were connected to a suspected income tax and National Insurance fraud.