Burnley stated if the league doesn't finish then they will loose about £50m in lost revenue. If we assume its the same for us, plus the £20m we announced in our last set of accounts then we are in line to make a £70m loss this season. even if the players take a substantial pay cut, then Tony Bloom would have to cover an awful lot.
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[Football] Liverpool are the next club to announce furloughing non playing staff.
- Thread starter Stat Brother
- Start date
Blue Valkyrie
Not seen such Bravery!
It isn't projected to be the same as Burnley
https://twitter.com/sportingintel/status/1246557744708157440?s=19
So £24m plus say £6m in match day revenue (we have bigger attendance than Burnley), plus the £20m loss we made last season then we are up to £50m loss. if the players cover about £10-£20m of it I think Tony would be willing to cover £30-40m if he can afford it.
Blue Valkyrie
Not seen such Bravery!
The key is certainty as soon as possible as to what league we are in next season.
The nightmare financially would be Premier League expense levels ticking on until late in the year, and then being relegated, so no PL level income for the 20/21 season which could help with the maasive 19/20 season loss.
It would be a financial meltdown that some teams wouldn't survive.
To mitigate this, if the season doesn't finish by June 30th, the PL would need to cancel any relegation. Otherwise they could well have all 3 relegated teams going bust.
- Thread starter
- #185
There's also the question of timing.
It's one thing to say:-
'I tried to make this work, but the open ended nature of this means the club can't carry on any longer'
Verses
'Wow free money, where do we sign up to get even more?'.
It's one thing to say:-
'I tried to make this work, but the open ended nature of this means the club can't carry on any longer'
Verses
'Wow free money, where do we sign up to get even more?'.
I guess your right. If they decide to abandon the season (or finish the season) by June 30th then these figures are what they can go by. If that happened then hopefully they could start next season same as planned (even if behind closed doors).
If they keep dilly and dallying whilst saying they are going to finish the season, then we get relegated, maybe even uncle Tony couldn't afford that.
- Jul 7, 2003
- 47,221
I liked the "what gets lost is that half our wages goes to the taxman" part from Wayne.
You have to feel for him really, imagine having to give up half his £300,000 per week when he was at United to to the Revenue, and having to survive only £150,000/wk. These poor lads. Poor Christian Benteke, scraping by on £70k/wk after tax. Poor Sergio Aguero, cobbling together the pennies to pay the mortgage out of his remaining £125k/wk. Poor Mo Salah, left with a meagre £160k to look after his family.
I'm not suggesting that Wayne Rooney or his chums should be paying for all that's gone so badly tits up recently, but my God, Wayne: at least show a BIT of self awareness here.
- Jul 7, 2003
- 47,221
Back to Liverpool: I've seen various sources suggesting that the wage bill of the staff Liverpool intend to furlough for the next three months is likely to be around £1m.
ONE MILLION POUNDS. For a club who made £42m profit last year. A club who won riches from the Champions League. A club who have a number of individual players on the books who earn that amount every three weeks. A club who disingenuously announced in the media release revealing this scheme that "all staff will receive 100% of their salary", leading plenty of their more dimwitted fans to believe Liverpool would be the ones paying that, when in fact their club's generosity extends to paying a mere 20% of that. A club who bang on tediously about never walking alone, which, it turns out, simply means that they think 65 million UK taxpayers should be walking with them. A club whose nauseating tagline has, for a couple of years, been "This Means More". The "more", presumably being "money from everyone else's pockets to pay our staff".
I accept things have gone globally tits up. I accept that times are hard and going to get harder. But for a football club of their stature to decide, in the first MONTH of this catastrophe, that they can't even be arsed to pay Jurgen Klopp's office cleaner his/her (no doubt minimum) wage for three months...well it sticks in my throat. Surely they could have found a million quid somewhere to say "look, we'll keep everyone on for now and review it at the end of June"?
If I had previously harboured any hopes of this season resuming, it's all gone now. I hope they void the bloody thing and leave them to chirp on forever, Chesterfield-style, about how they were "the real Champions" while everyone else just yawns and points to the history books that show this season never finished. I hope the next time they sign a player for ninety million quid and three hundred grand a week they receive all the vitriol they deserve.
ONE MILLION POUNDS. For a club who made £42m profit last year. A club who won riches from the Champions League. A club who have a number of individual players on the books who earn that amount every three weeks. A club who disingenuously announced in the media release revealing this scheme that "all staff will receive 100% of their salary", leading plenty of their more dimwitted fans to believe Liverpool would be the ones paying that, when in fact their club's generosity extends to paying a mere 20% of that. A club who bang on tediously about never walking alone, which, it turns out, simply means that they think 65 million UK taxpayers should be walking with them. A club whose nauseating tagline has, for a couple of years, been "This Means More". The "more", presumably being "money from everyone else's pockets to pay our staff".
I accept things have gone globally tits up. I accept that times are hard and going to get harder. But for a football club of their stature to decide, in the first MONTH of this catastrophe, that they can't even be arsed to pay Jurgen Klopp's office cleaner his/her (no doubt minimum) wage for three months...well it sticks in my throat. Surely they could have found a million quid somewhere to say "look, we'll keep everyone on for now and review it at the end of June"?
If I had previously harboured any hopes of this season resuming, it's all gone now. I hope they void the bloody thing and leave them to chirp on forever, Chesterfield-style, about how they were "the real Champions" while everyone else just yawns and points to the history books that show this season never finished. I hope the next time they sign a player for ninety million quid and three hundred grand a week they receive all the vitriol they deserve.
Hey, you cannot say that, they are Liverpool don't you know? This means more? More like 'Beyond criticism'.
Change at Barnham
Well-known member
What's the best Liverpool messageboard to look at?
The fans must be squirming with embarrassment after their previous history of all sticking together as a club that supports its local community.
The fans must be squirming with embarrassment after their previous history of all sticking together as a club that supports its local community.
Whitechapel
Famous Last Words
RAWK is there main one I think.
Icy Gull
Back on the rollercoaster
- Jul 5, 2003
- 72,015
I post on a car forum where there is a very articulate and intelligent Liverpool fan who has been relentlessly gloating and posting all season. Not a dickey bird since the furlough announcement though
mikeyjh
Well-known member
You make a good point, it did make me think about how the likes of multi billionaire Richard Branson made use of the furlough scheme within (what felt like minutes) of it being announced (it was like he had prior notice....) and is now courting the government for a bailout for his airline. Yet, appear to escape the wrath of the public. Footballers, wealthy & privileged that they are, do appear to be an easy target.....
Absolutely brilliant post
Pretty much universal shame and anger
https://www.redandwhitekop.com/forum/index.php?topic=345137.840
https://www.redandwhitekop.com/forum/index.php?topic=345137.840
- Thread starter
- #196
Did he not screw over the NHS a couple of years ago, as well?
mikeyjh
Well-known member
Well, he sued them (or rather Virgin Care did), so yes! Unlikely scenario such that it is, imagine the response if a footballer did similar.....
- Thread starter
- #198
https://www.theguardian.com/footbal...hankly-do-liverpool-furlough?CMP=share_btn_tw
Six months ago the Liverpool chief executive, Peter Moore, was asked what distinguished his club from other European football giants. “We had this amazing historical figure: Bill Shankly, a Scottish socialist who built the foundation,” he told El Pais. “Even today, when we talk about business, we ask ourselves: ‘What would Shankly do?’”
So what would Shankly do in a global pandemic that threatens to bring the economy and the health system to its knees? The answer, it’s safe to say, would not involve piggybacking on a government scheme to stop mass unemployment when you are the world’s seventh-richest club. Furloughing Liverpool’s non-playing staff – saving perhaps £1m – when you have an annual wage bill of £310m and paid £43m to agents last year is not a good look.
Six months ago the Liverpool chief executive, Peter Moore, was asked what distinguished his club from other European football giants. “We had this amazing historical figure: Bill Shankly, a Scottish socialist who built the foundation,” he told El Pais. “Even today, when we talk about business, we ask ourselves: ‘What would Shankly do?’”
So what would Shankly do in a global pandemic that threatens to bring the economy and the health system to its knees? The answer, it’s safe to say, would not involve piggybacking on a government scheme to stop mass unemployment when you are the world’s seventh-richest club. Furloughing Liverpool’s non-playing staff – saving perhaps £1m – when you have an annual wage bill of £310m and paid £43m to agents last year is not a good look.
Just out of interest - do you think the NHS should be able to run their procurement processes however they like without any recourse? The NHS chose to pay compensation to VirginCare rather than re-run the tender process again which is what VirginCare asked for.
I've heard of similar 'murky' tender processes within the NHS which if you challenge you basically get told if you ever want to run NHS business again you should step down. This has even involved non-compliant bids winning because they were cheap!
So the players accept to take a 30 percent cut, who benefits?
It’s the owners
Set up a cause and donate into that these despots get nothing.