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Can football clubs worldwide continue to afford to pay players wages in full.

Discussion in 'Hull City' started by Darylhull, Mar 23, 2020.

  1. tigerscanada

    tigerscanada Well-Known Member

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    .
     
    #121
    Last edited: Apr 7, 2020
  2. originallambrettaman

    originallambrettaman Mod Moderator
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  3. dennisboothstash

    dennisboothstash Well-Known Member

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    Hardly an argument, but when I replied first you were only talking about football clubs as if they were somehow something different.
    I was just pointing out they aren’t.
    As you’re saying you don’t think any big business should get a bail out that’s a different debate.
    You’ve hit on the nub of it for me though, the dividend.
    I’ve no idea what football clubs companies pay in dividends, but I would agree that any company shouldn’t be paying fortunes in dividend then get supported by public finances.
    Any financial support for companies ought to have the size of their dividend payments deducted from it.
    Having said that capitalism in general isn’t set up to enable that as they’re be other loopholes or they’d simply go bust.
    I must say these are tricky calls for the government at the moment.
     
    #123
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  4. originallambrettaman

    originallambrettaman Mod Moderator
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    PFA chief executive Gordon Taylor says he will not take a cut to his £2.2m salary.
     
    #124
  5. Plum

    Plum Well-Known Member

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    #125
  6. highpeak tiger

    highpeak tiger Well-Known Member

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    Why anybody would pay him a tenth of that is astonishing
     
    #126
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  7. Asterix

    Asterix Well-Known Member

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    I believe dividend payments are a legal must. Dividend payments are announced, but paid on a later date. Those companies that declare a dividend before this crisis are therefore obliged to pay them. Easyjet have recently paid 60 million in dividends to the founder and his family. While the company has received 400 million in loans. Mad i know, there doesnt seem to be a way round it, other than the recipients of such monies re-investing into the company?
     
    #127
  8. originallambrettaman

    originallambrettaman Mod Moderator
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    Stelios won't reinvest it, he's deliberately refusing to defer his dividend, as he's got the right raving hump with them for placing a £4.5b order with Airbus.
     
    #128
  9. DMD

    DMD Eh?
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  10. dennisboothstash

    dennisboothstash Well-Known Member

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    Club will only be able to claim back £2500 a month
     
    #130

  11. Mr Hatem

    Mr Hatem Well-Known Member

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    I'd settle for "only" £2500 per month.
     
    #131
  12. originallambrettaman

    originallambrettaman Mod Moderator
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    The summer transfer window will be moved and contracts ending on 30 June will be extended for a short period under proposals agreed by football's major stakeholders.

    BBC Sport understands talks initiated by world governing body Fifa and including confederations, federations, clubs, players and leagues have reached agreement over a number of issues arising out of the Covid-19 pandemic.

    All parties now accept that completing the 2019-20 season by 30 June, as initially hoped, will not happen.

    Aleksander Ceferin, president of European governing body Uefa, has spoken of the campaign being concluded in August, but with domestic leagues and cups, plus European competitions to fit in, there is no guarantee of that given football across the continent remains suspended.

    As the crisis is global, agreement has been reached that contracts due to expire on dates before the expected end of this season, do so when it actually ends instead, with new deals beginning before the 2020-21 campaign eventually begins.

    New dates for the transfer window - which had been moved back to 1 September in England - will be sanctioned by Fifa providing they fall between the two seasons, with the organisation pledging to try to harmonise the dates as much as possible so clubs and leagues are not unfairly disrupted.

    Fifa has also urged clubs to protect jobs if at all possible, including pay cuts and deferrals, and the use of government schemes.

    If asked to settle disputes, Fifa will, among other things, assess whether there has been a genuine attempt to find a resolution, what the economic status of the club concerned is, the net income of the players and whether the players have been treated fairly.

    While it is accepted this advice is for guidance only and could be challenged legally, all parties hope it will be accepted in the spirit the contracts were agreed in the first place.
     
    #132
  13. balkan tiger

    balkan tiger Well-Known Member

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    How to you expect a footballer to live on that? doesn't even cover two prostitutes for one night.
     
    #133
  14. SydneyTiger14

    SydneyTiger14 Well-Known Member

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    So we're forced to pay guys like Dicko and Henriksen past the end of their contract? Pretty daft.
     
    #134
  15. originallambrettaman

    originallambrettaman Mod Moderator
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    please log in to view this image
     
    #135
  16. AlRawdah

    AlRawdah Well-Known Member

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    14th highest wage bill. Have to say that's a pretty serious achievement only two years out of the Premier League.

    It's a Hull City truism that our natural place in football is 14th in the second tier table, with a zero goal difference. Now we are 14th in the wage bill table with a zero EBIT. Nice!
     
    #136
  17. originallambrettaman

    originallambrettaman Mod Moderator
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  18. GLP

    GLP Well-Known Member

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    Fantastic. I hope other clubs follow the example set by Southampton.
     
    #138
  19. highpeak tiger

    highpeak tiger Well-Known Member

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    That's exactly how it should be done
     
    #139
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  20. originallambrettaman

    originallambrettaman Mod Moderator
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    They're actually not the first, the West Ham players did the same a couple of days ago.
     
    #140
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