Viking Supporters Co-operative
Viking Chat => Viking Chat => Topic started by: DearneValleyRover on December 28, 2021, 04:08:55 pm
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Bristol City are reporting nearly £39m in losses over the last 12 months. Derby’s new investor appears to have pulled out. How many more are in trouble chasing the Premier carrot?
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Sod em. They should run their club in a proper manner. Thank goodness we have a sensible board and owner
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Bristol City finished 19th in the Championship last year. Dig in to the detail of these accounts and it shows how bonkers that division has become. They have a total wage bill of £36M. That's Bristol City with a wage bill of that size. It's mental.
Part of the P&L loss is amortisation, so that's writing down the value of the players purchased (so you have to bear in mind that's effectively a charge for money already spent). The interesting thing is how big sales have funded the club, now they don't have those big sales. It's a model many of us would like to see Rovers have but if you spend big it only works if you can sell big - they are struggling to do that. Fortunately they have a super rich owner who'll subsidise it, but that league is a disaster waiting to happen. How can footballers who finish 19th in that league justify those wages?
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I hope all those who slag our board off read this
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Bristol City finished 19th in the Championship last year. Dig in to the detail of these accounts and it shows how bonkers that division has become. They have a total wage bill of £36M. That's Bristol City with a wage bill of that size. It's mental.
Part of the P&L loss is amortisation, so that's writing down the value of the players purchased (so you have to bear in mind that's effectively a charge for money already spent). The interesting thing is how big sales have funded the club, now they don't have those big sales. It's a model many of us would like to see Rovers have but if you spend big it only works if you can sell big - they are struggling to do that. Fortunately they have a super rich owner who'll subsidise it, but that league is a disaster waiting to happen. How can footballers who finish 19th in that league justify those wages?
That is Lansdown the owner of Hargreaves Lansdown a financial services PLC company. He is worth serious money but this will cost him to get the club out of the sh.t
Another club chasing the big prize and falling short.
When is the EFL going to sort out this crazy pantomime once and for all.
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I hope all those who slag our board off read this
sadly they won’t or would refuse to understand and will continue to stamp their feet cos they’re not getting what they want.
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Bristol City finished 19th in the Championship last year. Dig in to the detail of these accounts and it shows how bonkers that division has become. They have a total wage bill of £36M. That's Bristol City with a wage bill of that size. It's mental.
Part of the P&L loss is amortisation, so that's writing down the value of the players purchased (so you have to bear in mind that's effectively a charge for money already spent). The interesting thing is how big sales have funded the club, now they don't have those big sales. It's a model many of us would like to see Rovers have but if you spend big it only works if you can sell big - they are struggling to do that. Fortunately they have a super rich owner who'll subsidise it, but that league is a disaster waiting to happen. How can footballers who finish 19th in that league justify those wages?
Exactly. The more you spend, the more you risk. Folk will always refer to Brentford but in that game, there can only be more losers than winners.
We can see the consequences being played out at Derby. Mel Morris gambled a fortune and lost a fortune. It's only when the sh*t hits the fan, that the sheer mess becomes clear. Don't believe all you see on the surface.
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Sod em. They should run their club in a proper manner. Thank goodness we have a sensible board and owner
Part of me is with you Phil.
But the efl is a fragile house of cards.
Once they start to fall……..
I’ve said it before and I’ll say it again. While ever we live in a world where footballers get paid more than the likes of surgeons or airline pilots then football will ultimately pay a very heavy price.
We are talking about sportsmen, the vast majority of which don’t have the brains they were born with being paid extortionate amounts of money for kicking a ball around.
And agents, well, the least said about them the better.
And before anyone talks about entertainment, might I suggest you look up how much the average west end actor gets paid .
Football continues to eat itself. Driven By wealth, if you have it, greed and the obsession with success.
It’s a long, long way from its working class roots.
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Unfortunately this is what you are up against in the championship .
It's the most unfair league in Europe , parachute payments is one thing but you've also got the Bristol City's and Readings too .
Sometimes I think it's hardly worth the bother to be honest .
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Bristol City finished 19th in the Championship last year. Dig in to the detail of these accounts and it shows how bonkers that division has become. They have a total wage bill of £36M. That's Bristol City with a wage bill of that size. It's mental.
Part of the P&L loss is amortisation, so that's writing down the value of the players purchased (so you have to bear in mind that's effectively a charge for money already spent). The interesting thing is how big sales have funded the club, now they don't have those big sales. It's a model many of us would like to see Rovers have but if you spend big it only works if you can sell big - they are struggling to do that. Fortunately they have a super rich owner who'll subsidise it, but that league is a disaster waiting to happen. How can footballers who finish 19th in that league justify those wages?
Exactly. The more you spend, the more you risk. Folk will always refer to Brentford but in that game, there can only be more losers than winners.
We can see the consequences being played out at Derby. Mel Morris gambled a fortune and lost a fortune. It's only when the sh*t hits the fan, that the sheer mess becomes clear. Don't believe all you see on the surface.
Tried to tell those chaps who were in the Club Shop yesterday who insisted Bramall was trying to take us into non league exactly that about Derby. I said well who would you prefer running our club. I just got a blank look.
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Bristol City finished 19th in the Championship last year. Dig in to the detail of these accounts and it shows how bonkers that division has become. They have a total wage bill of £36M. That's Bristol City with a wage bill of that size. It's mental.
Part of the P&L loss is amortisation, so that's writing down the value of the players purchased (so you have to bear in mind that's effectively a charge for money already spent). The interesting thing is how big sales have funded the club, now they don't have those big sales. It's a model many of us would like to see Rovers have but if you spend big it only works if you can sell big - they are struggling to do that. Fortunately they have a super rich owner who'll subsidise it, but that league is a disaster waiting to happen. How can footballers who finish 19th in that league justify those wages?
Exactly. The more you spend, the more you risk. Folk will always refer to Brentford but in that game, there can only be more losers than winners.
We can see the consequences being played out at Derby. Mel Morris gambled a fortune and lost a fortune. It's only when the sh*t hits the fan, that the sheer mess becomes clear. Don't believe all you see on the surface.
Tried to tell those chaps who were in the Club Shop yesterday who insisted Bramall was trying to take us into non league exactly that about Derby. I said well who would you prefer running our club. I just got a blank look.
Campsall either short memories or spoilt kids otherwise they would appreciate our balanced philosophy
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Sod em. They should run their club in a proper manner. Thank goodness we have a sensible board and owner
Part of me is with you Phil.
But the efl is a fragile house of cards.
Once they start to fall……..
I’ve said it before and I’ll say it again. While ever we live in a world where footballers get paid more than the likes of surgeons or airline pilots then football will ultimately pay a very heavy price.
We are talking about sportsmen, the vast majority of which don’t have the brains they were born with being paid extortionate amounts of money for kicking a ball around.
And agents, well, the least said about them the better.
And before anyone talks about entertainment, might I suggest you look up how much the average west end actor gets paid .
Football continues to eat itself. Driven By wealth, if you have it, greed and the obsession with success.
It’s a long, long way from its working class roots.
The Premier league will implode eventually. The Italian league did up to a point.
Maybe if we have a European super league and let those greedy owners just disappear their Clubs from domestic football then some sort of sanity may re appear into our game.
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Bristol City finished 19th in the Championship last year. Dig in to the detail of these accounts and it shows how bonkers that division has become. They have a total wage bill of £36M. That's Bristol City with a wage bill of that size. It's mental.
Part of the P&L loss is amortisation, so that's writing down the value of the players purchased (so you have to bear in mind that's effectively a charge for money already spent). The interesting thing is how big sales have funded the club, now they don't have those big sales. It's a model many of us would like to see Rovers have but if you spend big it only works if you can sell big - they are struggling to do that. Fortunately they have a super rich owner who'll subsidise it, but that league is a disaster waiting to happen. How can footballers who finish 19th in that league justify those wages?
Exactly. The more you spend, the more you risk. Folk will always refer to Brentford but in that game, there can only be more losers than winners.
We can see the consequences being played out at Derby. Mel Morris gambled a fortune and lost a fortune. It's only when the sh*t hits the fan, that the sheer mess becomes clear. Don't believe all you see on the surface.
Tried to tell those chaps who were in the Club Shop yesterday who insisted Bramall was trying to take us into non league exactly that about Derby. I said well who would you prefer running our club. I just got a blank look.
Similar conversation with two who happened to mention 'no ambition' .
I said, so how would you feel if you were a Sunderland fan then?
One responded. Oh yes I'd be well p*ssed off. I'd be protesting!
I said, well get real then!
Sunderland fans looked as though they had a good time yesterday, which should tell you all you need to know about football and fans.
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He has just had this massive redevelopment approved - just down the road from me....
https://www.itv.com/news/channel/2020-07-29/multi-million-pound-plan-to-turn-guernsey-hotel-into-global-golf-destination
They also signed that young lad Alex Scott from Guernsey FC.
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"You've got to speculate to accumulate"
.....debts.
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Sod em. They should run their club in a proper manner. Thank goodness we have a sensible board and owner
Part of me is with you Phil.
But the efl is a fragile house of cards.
Once they start to fall……..
I’ve said it before and I’ll say it again. While ever we live in a world where footballers get paid more than the likes of surgeons or airline pilots then football will ultimately pay a very heavy price.
We are talking about sportsmen, the vast majority of which don’t have the brains they were born with being paid extortionate amounts of money for kicking a ball around.
And agents, well, the least said about them the better.
And before anyone talks about entertainment, might I suggest you look up how much the average west end actor gets paid .
Football continues to eat itself. Driven By wealth, if you have it, greed and the obsession with success.
It’s a long, long way from its working class roots.
The Premier league will implode eventually. The Italian league did up to a point.
Maybe if we have a European super league and let those greedy owners just disappear their Clubs from domestic football then some sort of sanity may re appear into our game.
Unfortunately Campsall I don't think it will implode .
The money shows no sign of drying up with SKY , BT and now Amazon willing to throw billions at it .
There's no shortage of some of the world's most wealthiest people wanting to invest in it , Newcastle the latest example .
There's no shortage of fans willing to subscribe to the various tv platforms or pay extortionate prices for ST and match tickets .
If any leagues likely to collapse it will probably be La Liga in Spain because the world's top players now come to the PL .
I don't think the big clubs will break away and form a ESL they'll simply do it by getting UEFA to change The Champions League once again to suit them .
More money , more games and a different format perhaps .
None of which will kick down to the EFL .
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Bristol City finished 19th in the Championship last year. Dig in to the detail of these accounts and it shows how bonkers that division has become. They have a total wage bill of £36M. That's Bristol City with a wage bill of that size. It's mental.
Part of the P&L loss is amortisation, so that's writing down the value of the players purchased (so you have to bear in mind that's effectively a charge for money already spent). The interesting thing is how big sales have funded the club, now they don't have those big sales. It's a model many of us would like to see Rovers have but if you spend big it only works if you can sell big - they are struggling to do that. Fortunately they have a super rich owner who'll subsidise it, but that league is a disaster waiting to happen. How can footballers who finish 19th in that league justify those wages?
That’s absolutely preposterous, everything that’s wrong with football. So with that wage bill you could have 20 players on 30k a week and still have enough money for all the back room staff and a few youngsters. Isn’t that a similar expenditure to Leeds etc? Who’ve they got who they’re paying that money to? Don’t know one City player? Is there a massive fiddle going on there or something?
Just really makes it clear why we could never stay long in the Championship.
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Sod em. They should run their club in a proper manner. Thank goodness we have a sensible board and owner
Part of me is with you Phil.
But the efl is a fragile house of cards.
Once they start to fall……..
I’ve said it before and I’ll say it again. While ever we live in a world where footballers get paid more than the likes of surgeons or airline pilots then football will ultimately pay a very heavy price.
We are talking about sportsmen, the vast majority of which don’t have the brains they were born with being paid extortionate amounts of money for kicking a ball around.
And agents, well, the least said about them the better.
And before anyone talks about entertainment, might I suggest you look up how much the average west end actor gets paid .
Football continues to eat itself. Driven By wealth, if you have it, greed and the obsession with success.
It’s a long, long way from its working class roots.
The Premier league will implode eventually. The Italian league did up to a point.
Maybe if we have a European super league and let those greedy owners just disappear their Clubs from domestic football then some sort of sanity may re appear into our game.
Unfortunately Campsall I don't think it will implode .
The money shows no sign of drying up with SKY , BT and now Amazon willing to throw billions at it .
There's no shortage of some of the world's most wealthiest people wanting to invest in it , Newcastle the latest example .
There's no shortage of fans willing to subscribe to the various tv platforms or pay extortionate prices for ST and match tickets .
If any leagues likely to collapse it will probably be La Liga in Spain because the world's top players now come to the PL .
I don't think the big clubs will break away and form a ESL they'll simply do it by getting UEFA to change The Champions League once again to suit them .
More money , more games and a different format perhaps .
None of which will kick down to the EFL .
You have to put your faith in the Fan Led Review, its the best gig in town. Even the EFL adopted the proposals.
The next 12 months will be very interesting for football in this country.
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Just in case anyone has trouble sleeping over the next few nights try reading the BCFC financial accounts: https://www.bcfc.co.uk/media/64587/bristol-city-holdings-lmited-annual-report-and-consolidated-financial-statement-2020-21.pdf…all 48 pages!
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Im with you Campsall let them have their super league
I’m all for the European Super League let them go. It would be the best thing to happen to domestic football in years
Get rid of the greedy cash grabbing big 6 or big however many. I honestly believe that it would bring fans back to the lower leagues
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I'm sure we all would like to have faith in it Martin.
Briefly, what should we expect to see happen in the next 12 months in terms of major changes?
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Sod em. They should run their club in a proper manner. Thank goodness we have a sensible board and owner
Part of me is with you Phil.
But the efl is a fragile house of cards.
Once they start to fall……..
I’ve said it before and I’ll say it again. While ever we live in a world where footballers get paid more than the likes of surgeons or airline pilots then football will ultimately pay a very heavy price.
We are talking about sportsmen, the vast majority of which don’t have the brains they were born with being paid extortionate amounts of money for kicking a ball around.
And agents, well, the least said about them the better.
And before anyone talks about entertainment, might I suggest you look up how much the average west end actor gets paid .
Football continues to eat itself. Driven By wealth, if you have it, greed and the obsession with success.
It’s a long, long way from its working class roots.
The Premier league will implode eventually. The Italian league did up to a point.
Maybe if we have a European super league and let those greedy owners just disappear their Clubs from domestic football then some sort of sanity may re appear into our game.
Unfortunately Campsall I don't think it will implode .
The money shows no sign of drying up with SKY , BT and now Amazon willing to throw billions at it .
There's no shortage of some of the world's most wealthiest people wanting to invest in it , Newcastle the latest example .
There's no shortage of fans willing to subscribe to the various tv platforms or pay extortionate prices for ST and match tickets .
If any leagues likely to collapse it will probably be La Liga in Spain because the world's top players now come to the PL .
I don't think the big clubs will break away and form a ESL they'll simply do it by getting UEFA to change The Champions League once again to suit them .
More money , more games and a different format perhaps .
None of which will kick down to the EFL .
Unfortunately Tyke I hate to say you are correct. But nothing lasts forever does it. Maybe not in our lifetime if your 66 as i am. But 20/25 years time a lot can happen in that time. Let’s face it it is 29 years since the Premier league started.
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I truly believe for the good of the game the PL has run its course. The PL is nothing without the whole football pyramid and should be administered and regulated as one.
We should not fear tighter financial controls, insisting in reduction of debt.
We should insist that more games return to their traditional 3pm kick offs which should be for the benefit of fans. We should not be selling our traditions down the road any longer.
If that means less TV money etc, then so be it.
Of course there will be consequences but we have to get back to the success of every club being more directly linked to the fans who come through the turnstiles and the ebbs and flows that come with it, rather than the disproportionate levels of finance, mainly debt, that dwarf gate and related commercial income.
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I hope all those who slag our board off read this
what’s our board got anything to do with this? How do you know where and why they got this debt, people post negative and positive posts about many things and most are right in doing so
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Upton if they haven’t incurred this debt through being badly managed can you give a logical Alternative
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I hope all those who slag our board off read this
what’s our board got anything to do with this? How do you know where and why they got this debt, people post negative and positive posts about many things and most are right in doing so
Because we are well run and not throwing money around for the sake of it
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I’m not advocating throwing money away, but you do have to have a go at getting into the league above, otherwise what is the point?.
If you try to stand still you go backwards, as our club is proving.
By all means look for some type of value in transfers, but don’t keep the pen wedged in your back pocket!.
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:whistle:
I’m not advocating throwing money away, but you do have to have a go at getting into the league above, otherwise what is the point?.
If you try to stand still you go backwards, as our club is proving.
By all means look for some type of value in transfers, but don’t keep the pen wedged in your back pocket!.
What pen? Who said we have a pen? Shouldn’t this be in the Rumour mill
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They've been financially reckless for 10+ years. Even in a League One season they lost £9m I seem to recall (or could have been one of their ealier seasons in the championship). Massive losses each year and despite one play off final loss they've hardly been consistent play off challengers. Shows how much it costs to stand still in that division.
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I hope all those who slag our board off read this
what’s our board got anything to do with this? How do you know where and why they got this debt, people post negative and positive posts about many things and most are right in doing so
The debt arises through the people in control of the finances continually authorising the spending of money they don't have. Easy to work out when you bother to apply yourself.
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Yes, it’s bonkers. All over our forum tonight about the debt. But for a man like Lansdowne it’s small change. His franchise of clubs in Bristol are losing money but he can afford it. The loss of £38m could be financed on the interest he earns over the next year.
Not much to cheer about for us gasheads over the last two years but it does make me chuckle that when it all comes to pass for all their millions the gap between us is still only one good season for us and one bad one for them. May not happen but being the second club in a two-club city means you get laughs where you can.
And yes the Championship is a complete mess, clubs with parachute payments, clubs chasing the dream, clubs with points deductions and a few normal ones. Hardly a level playing field.
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News today that Chelsea have made post tax losses of 145mil year ending June 21. They actually owe around 1 billion to “related companies “ . How on Earth are they still in business ?
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News today that Chelsea have made post tax losses of 145mil year ending June 21. They actually owe around 1 billion to “related companies “ . How on Earth are they still in business ?
The "related companies" are probably all owned by Abramovich. :laugh:
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How many of us have mortgages in the region of £100000 or more.?
We all have debts but they are only a problem when we can’t make repayments. Maybe Chelsea can.?
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Normal most of the big clubs worldwide are the same
It’s an absolute disgrace how they are run. The Glaziers are the worst they just borrow money from one franchise to the other
Abramovic can easily cover that so for them it’s not an issue. The issues lie with the stupid clubs that haven’t got the resources of Chelsea and try to live with them
You can near enough guarantee if a Premiership club got into financial trouble the Premier league would make sure it didn’t happen unlike the EFL who can’t
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Normal most of the big clubs worldwide are the same
It’s an absolute disgrace how they are run. The Glaziers are the worst they just borrow money from one franchise to the other
Abramovic can easily cover that so for them it’s not an issue. The issues lie with the stupid clubs that haven’t got the resources of Chelsea and try to live with them
You can near enough guarantee if a Premiership club got into financial trouble the Premier league would make sure it didn’t happen unlike the EFL who can’t
Like Portsmouth eh?