Post by somersetstokie on Jul 26, 2020 10:58:50 GMT
In the new, post lockdown, economic climate, the precarious financial affairs of many clubs is likely to become more evident, with many of these clubs now under huge pressure. The future is still uncertain, particularly regarding the return of crowds, with no attendance income, sponsorship deals under threat, advertising revenues down, interest payments still expected, continuing overheads such as insurance. And all set against the big issue of lost cashflow.
Of course many clubs had stretched and unsustainable financial commitments even before the lockdown, and the mid season suspension only complicated the situation. It could be argued that many clubs have contributed to the crisis by paying inflated wages to players on extended contracts and paying unrealistic transfer fees in a competive market.
How the spiralling costs of running top league clubs can be brought under control and managed will be a matter for urgent review, but one thing that I feel has got to change is the issue of fees paid to agents for their "services". When the clubs issue financial reports and accounts, the net sums paid to agents are often a bigger item than even than some of the player transfer fees, and the sums involved are clearly crippling to some clubs.
The whole question of dependance on Agents, who do do not in themselves contribute to or enhance the game, must surely be examined by an independant body, as the growth and influence of these parasites must now be at a level that is detrimental to football.
I posted a comment on this on the Summer Transfer Thread and gave my opinion that the next step is clearly to make Agents' fees standard, fixed and affordable. I think that there should be a realistic capped system as it is largely fees paid to agents that cripple many clubs.
"essexstokey" went further and replied:" nope scrap agent fees altogether to clubs make the players pay them out of the signing on fee or there wages then a player can see where there money is going to these parasites of the game. Hitting the players in there greedy pockets is the only way forward they may thing twice then about loyalty if there paying the bills.
The strength of feeling amongst fans around this issue is surprisingly strong, as it is their teams that are being harmed, and the affected Clubs themselves must want an end to these huge payments to agents. An in depth review and strong action is clearly needed and we must have change going forward.