I'd say that we're a relatively stable club in the EFL. So, if we're potentially in trouble, they're must be dozens of clubs in a more perilous position.
Scary times.
Scary times.
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Chairman's update
- Thread starter cheshiregreen
- Start date
- Nov 17, 2009
- 4,126
- 118
Graham Clark":22szn85l said:
Graham I think you are whistling in the wind if you think the government ( I hope I’m wrong) are going to bale out the EFL, what about other sports would the government come to their rescue, I’m sure people could make the case that any money should be spent on more serious causes,there is not a bottom less pit of money we all especially the youngsters are going to repay all this money back that the government are printing at present.
I think there is enough money in football when you include the premier league and the FA to take care of itself if the will was there.
Just to add another two optimistic/naive points, there are massive differences between the situation now and the last brush with extinction in 2011.
1) as mentioned above, we were a badly run business that had run up £17m of debt and in pure business terms shouldn't have continued to operate. We are now a well-run business with fresh revenue streams that has just happened to be a victim of exceptional external circumstances (again though, this is clearly the case for many thousands of struggling businesses).
2) if the worst happens and Simon Hallett cannot or will not fund the club any longer, any potential owner would now be looking at a well-run League One (hopefully) club, with (hopefully still) no debt, good infrastucture, owning its own modern stadium and with likely much-weakened competition. We would be a good investment with a relative good chance of reaching the Premier League, where in 2011 we certainly were not.
1) as mentioned above, we were a badly run business that had run up £17m of debt and in pure business terms shouldn't have continued to operate. We are now a well-run business with fresh revenue streams that has just happened to be a victim of exceptional external circumstances (again though, this is clearly the case for many thousands of struggling businesses).
2) if the worst happens and Simon Hallett cannot or will not fund the club any longer, any potential owner would now be looking at a well-run League One (hopefully) club, with (hopefully still) no debt, good infrastucture, owning its own modern stadium and with likely much-weakened competition. We would be a good investment with a relative good chance of reaching the Premier League, where in 2011 we certainly were not.
dunlop":49qdkgri said:
They gave £16m to rugby league clubs in interest free loans. If they would do that for a minority sport only played in a specific geographical area then I doubt they'd have any issue making a similar arrangement for the national sport.
Steve Evans":1kmc7ryd said:
Hate Crowdfunding Steve. Not all the money goes to where it should.
I am taking donations though, see the buy a shirt thread and there’s loads of ways you can get the money to me. I’ve paid £240 DIRECT into the club already today.
You don’t even have to buy a shirt!
It's also worth noting rather optimistically/naively, that this government was voted in with a massive swing of working class constituencies.
As the traditionally working class sport, there may be extra incentive to preserve football clubs in these areas, than with a traditional Tory vote.
Personally I think there is enough money in football itself to assist.
As the traditionally working class sport, there may be extra incentive to preserve football clubs in these areas, than with a traditional Tory vote.
Personally I think there is enough money in football itself to assist.
fair point about crowd funding as I have my doubts about them.will donate soon.IJN":226yze4q said:
I agree. The EFL are just incompetent. They are just "kicking the can down the road" and seem incapable of making a decision.Dreamgreen":1erjel3p said:
Do they really care? We have seen their inaction with clubs like Macclesfield ,leaving it until the 11th hour to decide what to do. Pathetic and not fit for purpose .:facepalm:
xmastree":2mds1udt said:
I would imagine when/if this happens there would be an outcry of 'Here we go again'.
I suppose at least this way, the club aren't seen as directly tapping up the punters.
I'm very happy to do it, but if the club did think fit to open something up this site's would immediately cease. But until then feel free to donate.
dunlop":a6kikwzj said:
The Government recently pledged £750 million to ensure financial support for voluntary, community and social enterprise (VCSE) organizations so that they can continue their vital work supporting the country. Hence the suggested linkage with the CCOs (like Argyle Community Trust and the work they do) They also gave £16m to the Rugby League. i suggest it is a loan (at the very low interest rates at the moment) paid back over 5 years and underwritten by the EFL. I think the Premiership think £400m is enough to give each to the EFL year of which Argyle would get £675,000 in League 1 next season. It's not enough.
As a one off payment the Premier League clubs have been asked to donate £10 million each to the EFL (£200m in total), that means £1m to each League One club or £666,000 to every League Two club and £6.6m for every Championship club, although nothing has been confirmed yet.
It will help if that happens.
It will help if that happens.
PL2 3DQ":21nwfjt9 said:
Yep, but not sure of the logic of giving League 2 clubs a 10th of the cash that Championship gets.
Surely it should follow a progressive welfare or tax-like system in that the poorest get the most help, or at least not THAT much less than the Championship that is already full of rich owners running at a loss.
Sticking this here - how Argyle don't want to do things.
https://www.sunderlandecho.com/sport/fo ... ns-2873324
https://www.sunderlandecho.com/sport/fo ... ns-2873324
