We are in a relatively stable financial position but how long can we sustain £700k a month losses ?
There must be many clubs on the brink as we speak
Just coming to post that. Here's a link from a reliable reporter.
Plus the knock on effect to all the other businesses. Pubs, burger sellers etc. The hundreds who work for clubs off field.Pompey Penguin wrote: ↑Wed Sep 23, 2020 7:07 amJust coming to post that. Here's a link from a reliable reporter.
It's going to be carnage unless (a) the PL provide enough money to bail out lower league clubs, or (if they won't) (b) the government forces the PL to do so, e.g with the threat of a massive tax on sports clubs with wage bills over (e.g.) £100M/year to provide the money.
I think the tight budgetting by the owners may now save us. The club runs a tight ship and maybe we can ease through it without the difficulties of others in the division. Other clubs may have a fire-sale of players to reduce ciosts.
Basically the big clubs swallowing up the small ones. Like much of the business world in the future I suppose
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