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Post by flea79 on Mar 17, 2023 14:26:06 GMT
Players and staff not paid on time for the 4th time this season
by all accounts the lower earners and non playing staff are now paid but senior players on higher wages are being asked to accept a reduced wage of 5k a week...
6 point suspended points deduction will now be enacted due to this issue so thats them gone this season
Obviously questions now being asked about the liquidity of the owners who have not provided the 125% surety to cover this eventuality and many are predicting another spell in admin for them
Never a quiet day is it!
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Post by shrewspotter on Mar 17, 2023 14:36:11 GMT
Should be made to hand over all their star academy players to Chelsea and Man City or its not fair play
Then they can loan them back at extortionate fees
Sick of FFP, corrupt owners and super rich mopping up
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Post by march4 on Mar 17, 2023 15:07:29 GMT
It’s fine.
FFP will save them.
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Post by jimmygscfc1234 on Mar 17, 2023 15:19:00 GMT
If James McClean needs a whip round I'm sure we can sort something!
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Post by Laughing Gravy on Mar 17, 2023 15:29:57 GMT
If James McClean needs a whip round I'm sure we can sort something! I've got the whip.
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Post by Edward Tattsyrup on Mar 17, 2023 18:32:33 GMT
If James McClean needs a whip round I'm sure we can sort something! I've got the whip. And I've got a balaclava 😉
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Post by callas12 on Mar 17, 2023 18:47:41 GMT
How are the poor blighter high earners going to cope with earning £5k a week?! 🤔🙄
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Post by 4doorsaloon on Mar 17, 2023 19:02:41 GMT
How are the poor blighter high earners going to cope with earning £5k a week?! 🤔🙄 You live to your means. They will have mortgages based on their income. So reducing this will impact them. Same as any other industry.
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Post by terrorofturfmoor on Mar 17, 2023 19:03:52 GMT
If James McClean needs a whip round I'm sure we can sort something! He's probably rat-arsed in an Irish pub somewhere!!!
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Post by knype on Mar 17, 2023 19:37:57 GMT
Sheffield United also close to administration apparently
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Post by callas12 on Mar 17, 2023 21:48:04 GMT
How are the poor blighter high earners going to cope with earning £5k a week?! 🤔🙄 You live to your means. They will have mortgages based on their income. So reducing this will impact them. Same as any other industry. Know what you mean to a point but not so sure at this level of football that many players will even have mortgages, lower league club players most likely but when you're earning in excess of 20k+ a month I'd imagine most assets are already paid off & paid for out right. Its more their life choices that get players into financial strife & then living beyond their means. As most newly signed contracts are anywhere between 1-5 yrs its never a guaranteed employment & a wage from one club wouldn't necessarily be the same at a players next club so with regards to mortgages, I don't think even think they'd fit the criteria for even obtaining a mortgage as although good earners in the short term, a lack of form or even an injury could scupper any future earnings anyway. Majority of footy players that aren't on the top rate of earnings and have been so for a long period generally rent houses out as they move on to different clubs and majority of time different parts of the country aswell so it just makes things easier not being tied to one property. Until they approach retirement from the game and can then settle somewhere they have an attachment to. Was interesting to watch the J Lloyd Samuel programme on ITV a few weeks back to see how millionaire footballers can very quickly all of a sudden become skint and have to sell their million pound houses and flash cars. JLS's biggest issue was gambling all his money away & then being released from his club after an injury. He quickly had to flog his house & cars to cover the shortfall but life was never the same again for him once the big wages weren't coming in. The rest of his story became far more bizarre and twisted, I hadn't even realised how his career fell away so sharply and his life choices were very questionable. I won't ruin it Incase anyone watches it, but for a footballer who had it all, it all went very wrong for him in a short space of time. Others high profile footballers and good earners have come a cropper for varying life choice reasons ranging from addictions to expensive divorces etc. Hendrie, Pennant, David James, Merson,Keith Gillespie, John Arne Riisse, the list goes on.
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Post by march4 on Mar 17, 2023 22:11:34 GMT
Sheffield United also close to administration apparently In the past, clubs with financial woes sold a player or two to balance the books. That is now impossible due to two restrictive practices; FFP and transfer windows. Imagine what would have happened to us when the Butler Street Stand roof blew off. We raised some money by selling Jimmy, Huddy and Pej. I presume we would have gone out of business if we couldn’t have sold them (much that it upsets me that it happened at all).
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Post by CBUFAWKIPWH on Mar 17, 2023 22:15:44 GMT
Should be made to hand over all their star academy players to Chelsea and Man City or its not fair play Then they can loan them back at extortionate fees Sick of FFP, corrupt owners and super rich mopping up So how exactly would getting rid of FFP help Wigan?
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Post by middleoftheboothen on Mar 17, 2023 23:22:27 GMT
Sheffield United also close to administration apparently In the past, clubs with financial woes sold a player or two to balance the books. That is now impossible due to two restrictive practices; FFP and transfer windows. Imagine what would have happened to us when the Butler Street Stand roof blew off. We raised some money by selling Jimmy, Huddy and Pej. I presume we would have gone out of business if we couldn’t have sold them (much that it upsets me that it happened at all). Completely agree. It's only fair play for those in the top six of the premier league. Everyone else is a few wrong turns from being in administration. It's an absolute joke. Financial fair play my arse.
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Post by spitthedog on Mar 17, 2023 23:32:02 GMT
Sheffield United also close to administration apparently How do you know this? Strangely enough someone posted this on the Sheffield United forum today and it was taken down by their Admin!
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Post by danceswithclams on Mar 18, 2023 0:15:02 GMT
Sheffield United also close to administration apparently How do you know this? Strangely enough someone posted this on the Sheffield United forum today and it was taken down by their Admin! I was employed by SUFC for a few years way back when and I still have media contacts in Sheffield who have intimated similar via WhatsApp group 👀
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Post by firfuxache on Mar 18, 2023 7:20:18 GMT
How do you know this? Strangely enough someone posted this on the Sheffield United forum today and it was taken down by their Admin! I was employed by SUFC for a few years way back when and I still have media contacts in Sheffield who have intimated similar via WhatsApp group 👀 They must be loaded with bad debt if this is the case. A promotion to the Premier League (worth in excess of £100m) and parachute payments and they’re still close to administration?! The mind boggles…
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Post by clarkeda on Mar 18, 2023 7:40:36 GMT
You live to your means. They will have mortgages based on their income. So reducing this will impact them. Same as any other industry. Know what you mean to a point but not so sure at this level of football that many players will even have mortgages, lower league club players most likely but when you're earning in excess of 20k+ a month I'd imagine most assets are already paid off & paid for out right. Its more their life choices that get players into financial strife & then living beyond their means. As most newly signed contracts are anywhere between 1-5 yrs its never a guaranteed employment & a wage from one club wouldn't necessarily be the same at a players next club so with regards to mortgages, I don't think even think they'd fit the criteria for even obtaining a mortgage as although good earners in the short term, a lack of form or even an injury could scupper any future earnings anyway. Majority of footy players that aren't on the top rate of earnings and have been so for a long period generally rent houses out as they move on to different clubs and majority of time different parts of the country aswell so it just makes things easier not being tied to one property. Until they approach retirement from the game and can then settle somewhere they have an attachment to. Was interesting to watch the J Lloyd Samuel programme on ITV a few weeks back to see how millionaire footballers can very quickly all of a sudden become skint and have to sell their million pound houses and flash cars. JLS's biggest issue was gambling all his money away & then being released from his club after an injury. He quickly had to flog his house & cars to cover the shortfall but life was never the same again for him once the big wages weren't coming in. The rest of his story became far more bizarre and twisted, I hadn't even realised how his career fell away so sharply and his life choices were very questionable. I won't ruin it Incase anyone watches it, but for a footballer who had it all, it all went very wrong for him in a short space of time. Others high profile footballers and good earners have come a cropper for varying life choice reasons ranging from addictions to expensive divorces etc. Hendrie, Pennant, David James, Merson,Keith Gillespie, John Arne Riisse, the list goes on. I’m sure I read a lot of footballers actually rent due to potential moves at the last minute. I bet the other do have mortgages to keep capital free for other interests.
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Post by bagnallboothen on Mar 18, 2023 7:56:40 GMT
Sheffield United also close to administration apparently How do you know this? Strangely enough someone posted this on the Sheffield United forum today and it was taken down by their Admin! Stick it in on Google, it's common knowledge. The mystery is where's the money gone, they're still in receipt of parachute payments.
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Post by CBUFAWKIPWH on Mar 18, 2023 8:30:50 GMT
Sheffield United also close to administration apparently In the past, clubs with financial woes sold a player or two to balance the books. That is now impossible due to two restrictive practices; FFP and transfer windows. Imagine what would have happened to us when the Butler Street Stand roof blew off. We raised some money by selling Jimmy, Huddy and Pej. I presume we would have gone out of business if we couldn’t have sold them (much that it upsets me that it happened at all). How does FFP stop a club from selling a player and how will scrapping FFP save Wigan from administration? They are going to be sanctioned for not paying their players. It wasn't FFP that told Wigan they could give players contracts they couldn't afford - in fact if they took FFP more seriously they wouldn't have done it in the first place.
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Post by firfuxache on Mar 18, 2023 8:39:07 GMT
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Post by walrus on Mar 18, 2023 8:39:23 GMT
In the past, clubs with financial woes sold a player or two to balance the books. That is now impossible due to two restrictive practices; FFP and transfer windows. Imagine what would have happened to us when the Butler Street Stand roof blew off. We raised some money by selling Jimmy, Huddy and Pej. I presume we would have gone out of business if we couldn’t have sold them (much that it upsets me that it happened at all). How does FFP stop a club from selling a player? I think it’s more that it stops clubs from being able to buy players, especially on a “fire sale” basis. Realistically the market for Sheffield Utd players is other Championship clubs. But most clubs at Championship level and below are working with loans and free transfers only, and on the rare occasions real money is spent it has to be carefully planned and structured rather than done quickly as a snap response to another club’s financial hardship.
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Post by march4 on Mar 18, 2023 9:21:14 GMT
In the past, clubs with financial woes sold a player or two to balance the books. That is now impossible due to two restrictive practices; FFP and transfer windows. Imagine what would have happened to us when the Butler Street Stand roof blew off. We raised some money by selling Jimmy, Huddy and Pej. I presume we would have gone out of business if we couldn’t have sold them (much that it upsets me that it happened at all). How does FFP stop a club from selling a player and how will scrapping FFP save Wigan from administration? They are going to be sanctioned for not paying their players. It wasn't FFP that told Wigan they could give players contracts they couldn't afford - in fact if they took FFP more seriously they wouldn't have done it in the first place. FFP is stopping clubs with rich owners buying players from clubs who are in financial strife. The transfer window stops this happening at the exact moment clubs need the money most. We could give Wigan £1M for a player or two today and their financial worries would be eased. This is how football worked for well over a century. It was a good model that did not need altering.
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Post by desman2 on Mar 18, 2023 9:25:38 GMT
FFP. A price the majority of clubs have to pay and suffer for to make sure a small group of favoured clubs always stay at the top.
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Post by spitthedog on Mar 18, 2023 10:44:28 GMT
How do you know this? Strangely enough someone posted this on the Sheffield United forum today and it was taken down by their Admin! Stick it in on Google, it's common knowledge. The mystery is where's the money gone, they're still in receipt of parachute payments. Its interesting I work in Sheffield and the local media are not covering this as far as I can see/hear only to say these reports are 'wide of the mark' and threads about it were being taken down by the fans forum, but yes I see its in national press.
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Post by GeneralFaye on Mar 18, 2023 10:49:24 GMT
Didn't Sheffield United keep Berge in January because they "didn't need to sell"..
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Post by sportsman on Mar 18, 2023 10:54:24 GMT
Sheffield United also close to administration apparently I heard on talsport this morning they aren't even painting the training pitches as they can't afford the paint. They're in big trouble.
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Post by sportsman on Mar 18, 2023 10:57:09 GMT
So anyone entering administration before next Thursday has 12 points deducted. Cue Sheffield United entering administration next Friday.
Gibson at Boro will be all over this
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Post by Deleted on Mar 18, 2023 12:21:22 GMT
It's shit or bust for Sheffield United is my understanding... If they go up they'll be out of reach of the EFL and if they don't, they will be selling the family silver...
A bit like Villa in their promotion season recently, would have been fucked if they didn't go up.
FFP, and how it is implemented, is a disgrace.
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Post by Goonie on Mar 18, 2023 12:36:59 GMT
I was employed by SUFC for a few years way back when and I still have media contacts in Sheffield who have intimated similar via WhatsApp group 👀 They must be loaded with bad debt if this is the case. A promotion to the Premier League (worth in excess of £100m) and parachute payments and they’re still close to administration?! The mind boggles… I wonder how Forest would fair financially if they came straight back down?
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