Parachute payments

[HappyLion]

Sports minister makes parachute payments pledge despite EFL chief criticism

The payments, which are made by the Premier League to relegated clubs, have been heavily criticized by the likes of EFL chairman Rick Parry

www.gazettelive.co.uk

"Sports minister Stephanie Peacock has made a commitment that parachute payments won't be scrapped by the incoming independent football regulator."

So much for being indepenadent. Only got to wait 18 months for the review

 

[Deleted member 2252]

Lip service. Nothing else.

 

[Kryan Bing]

Sports minister makes parachute payments pledge despite EFL chief criticism

The payments, which are made by the Premier League to relegated clubs, have been heavily criticized by the likes of EFL chairman Rick Parry

www.gazettelive.co.uk

"Sports minister Stephanie Peacock has made a commitment that parachute payments won't be scrapped by the incoming independent football regulator."

So much for being indepenadent. Only got to wait 18 months for the review

I'm always amazed why, or how some these people end up in Government jobs/positions as ministers when they have fuck all background or knowledge of expertise in the particular field they are minister of. They then spew out drivel like below:

"We absolutely don’t want (parachute payments) to be abolished," Peacock said. "We recognise they have an important part to play. We also recognise they can place inflationary pressure (on clubs) but it will be for the regulator, through the work they do, to decide if they are an issue and if they should be looked at through that (backstop) mechanism. But we don’t think it makes sense for them to be excluded."

Stephanie Peacock - Wikipedia

en.wikipedia.org

 

[HappyLion]

Its not rocket science. The parachute payments are to cover players wages to the end of their existing contracts, due to the decreased income that the relegated club suffers. makes perfect sence. Execpt some clubs spend it on new players and if they dont get promoted their up a creak without a paddle.

The answer is pay the shortfall the club is suffering directly to the players. That way the club cant spunk the money and get into finacial difficulty.

There that didnt take 18 months. Where do I collect my massive £130,000 fee?

 

[Budgies' Boy]

Its not rocket science. The parachute payments are to cover players wages to the end of their existing contracts, due to the decreased income that the relegated club suffers. makes perfect sence. Execpt some clubs spend it on new players and if they dont get promoted their up a creak without a paddle.

The answer is pay the shortfall the club is suffering directly to the players. That way the club cant spunk the money and get into finacial difficulty.

There that didnt take 18 months. Where do I collect my massive £130,000 fee?

K.I.S.S.
How football lasted a hundred years without Parachute payments We'll never know.

Politicians, Blah, Blah, Blah. All promising everything. Clueless

 

[SEL]

The answer is pay the shortfall the club is suffering directly to the players. That way the club cant spunk the money and get into finacial difficulty.

The answer is they shouldn't get anything.

 

[Deleted member 2252]

Its not rocket science. The parachute payments are to cover players wages to the end of their existing contracts, due to the decreased income that the relegated club suffers. makes perfect sence. Execpt some clubs spend it on new players and if they dont get promoted their up a creak without a paddle.

The answer is pay the shortfall the club is suffering directly to the players. That way the club cant spunk the money and get into finacial difficulty.

There that didnt take 18 months. Where do I collect my massive £130,000 fee?

I presume with clubs that will flirt with relegation that they have a caveat in players contracts that mean their wages are lowered should they be relegated from the premier. It's hard to have any sympathy for a club that doesn't factor this into players contract and then have to honour the original deal it in the championship.

I know that we do that or so car park man tells me. If we go down the players wages drop to what's been agreed in his/ their contracts. Makes perfect business sense to me and why would continue to pay higher wages when your employees have failed?

 

[Deleted member 2252]

Where do I collect my massive £130,000 fee?

Peanuts. Stick in an invoice and Maureen from accounts will sort it from petty cash,,,,,,,,,,,,,,,,,,,,,,,,,,

 

[Edward Alistair]

I presume with clubs that will flirt with relegation that they have a caveat in players contracts that mean their wages are lowered should they be relegated from the premier. It's hard to have any sympathy for a club that doesn't factor this into players contract and then have to honour the original deal it in the championship.

I know that we do that or so car park man tells me. If we go down the players wages drop to what's been agreed in his/ their contracts. Makes perfect business sense to me and why would continue to pay higher wages when your employees have failed?

Whilst that makes sense it would mean clubs that are possibilities for relegation would struggle to sign players that might be good enough to keep them up, especially from abroad.
I would assume that Leeds didn't have that in their contracts as they had 10 players that went out on loan or were sold rather than pay them to play in the Championship last season.

 

[unit4]

Just look at the top of the championship table.
That will show why huge parachute payments should be for only ONE season.

 

[Deleted member 2252]

Whilst that makes sense it would mean clubs that are possibilities for relegation would struggle to sign players that might be good enough to keep them up, especially from abroad.

Like Palace, Bournemouth,Forest, Brentford, Fulham and Brighton for example? What player from abroad is going to turn down premier clubs and wages because of a caveat in their contract? They just tell their agent to get them another club and i doubt the parent club will say no to getting a high wage off of their books.

 

[Edward Alistair]

Sports minister makes parachute payments pledge despite EFL chief criticism

The payments, which are made by the Premier League to relegated clubs, have been heavily criticized by the likes of EFL chairman Rick Parry

www.gazettelive.co.uk

"Sports minister Stephanie Peacock has made a commitment that parachute payments won't be scrapped by the incoming independent football regulator."

So much for being indepenadent. Only got to wait 18 months for the review

Some woman representing the premier league was interviewed on Radio 4 this morning, it was predictable PR nonsense from her basically saying that the EFL already get loads and an independent body won't be of much help.
I'm not sure that any of it matters, there is X amount of money and whether it stays in the Premiership or more goes to the EFL it only gets spent on players and their agents, it's not as though fans ticket prices will be reduced if any club gets a lot more money.

 

[Edward Alistair]

Like Palace, Bournemouth,Forest, Brentford, Fulham and Brighton for example? What player from abroad is going to turn down premier clubs and wages because of a caveat in their contract? They just tell their agent to get them another club and i doubt the parent club will say no to getting a high wage off of their books.

I think that if 2 or 3 clubs are in for a player he will choose one that doesn't have a reduced wage clause in it or it might be that he isn't willing to give up his current contract that doesn't have it in to go to a club that insists on it.

 

[Deleted member 2252]

I think that if 2 or 3 clubs are in for a player he will choose one that doesn't have a reduced wage clause in it

Fair point but I think 9 times out of 10 a player will chose whoever is willing to pay the most in wages. I doubt they'd be put off by a reduction clause when they know they can move on to another club who are willing to pay what he's after. Loyalty and long termism is a rarity in football nowadays mate.

Hope you're good by the way

 

[HappyLion]

I presume with clubs that will flirt with relegation that they have a caveat in players contracts that mean their wages are lowered should they be relegated from the premier. It's hard to have any sympathy for a club that doesn't factor this into players contract and then have to honour the original deal it in the championship.

I know that we do that or so car park man tells me. If we go down the players wages drop to what's been agreed in his/ their contracts. Makes perfect business sense to me and why would continue to pay higher wages when your employees have failed?

Not sure. I would guess that it might cover extension clauses or maybe an existing contract has to be honoured at the agreed rate. Agents are slipery cutomers.

 

[Deleted member 2252]

Not sure. I would guess that it might cover extension clauses or maybe an existing contract has to be honoured at the agreed rate. Agents are slipery cutomers.

I guess it's down to club by club basis. Some will and some won't same goes for certain players. I do know the last time we went down that the players took a pay cut cause it was written into to the contracts that they signed. I suppose if you're a decent championship player and confident it won't deter you from signing cause you'll be gone should you be relegated. Contracts all massively weighted in the players favour. As you say,,,,,,,,,, agents.

We need the wanker emoji reinstated on here!!!

 

[Deleted member 2252]

Football regulator will have power to reduce relegation parachute payments

English football’s incoming regulator will have the authority to adjust parachute payments to clubs relegated from the Premier League

www.theguardian.com

The rebooted football regulator: what is new under Labour and what can it do? | Paul MacInnes

The football governance bill has returned to parliament, relaunched by the government: this is what you need to know

www.theguardian.com

The regulator is coming – but is football even governable any more? | Jonathan Wilson

Modern club owners, from states to oligarchs, have the financial might to bully the body into submission

www.theguardian.com

 

[HappyLion]

Lot of ideas there. Nice to see Kick It Out getting a look in after alll the hype over the other lot.

"Only last month the Uefa general secretary, Theodore Theodoridis, wrote to the culture secretary, Lisa Nandy, warning that England could theoretically be banned from Euro 2028, which it will co-host."

I wonder how that would pan out for UEFA?

 

[Edward Alistair]

Lot of ideas there. Nice to see Kick It Out getting a look in after alll the hype over the other lot.

"Only last month the Uefa general secretary, Theodore Theodoridis, wrote to the culture secretary, Lisa Nandy, warning that England could theoretically be banned from Euro 2028, which it will co-host."

I wonder how that would pan out for UEFA?

Football doesn't allow government interference so Im not sure how they are going to get around that.
What are the alternatives when clubs deliberately cheat and the premier league aren't up to finding them guilty.

 

[HappyLion]

UEFA have a nice little gig running, but its built on sand. If 2 or 3 big National associations wanted to shake things up UEFA could find themselves sitting in the street. At the end of the day they are just blotter jockies. They like to throw their weight about, but they dont actully own or produce the product.