- Jun 22, 2005
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Are they?So all non playing staff are furloughed...
Are they?So all non playing staff are furloughed...
If people aren't working then it makes sense for them to be furloughed. This applies to all industry, football is no different.
Sick of the faux outrage all of the time by people determined to turn football into a fucking soap opera.
Other clubs have not announced their measures. That does not mean they're not doing similar.
I really don’t understand your working out.Of course I do. That's why I used the word "breaks" because that's what they are. I'm taking those options myself and am aware of how they are set to work... the mortgage and council tax side at least.
What the system is geared up to do is to allow people time to adjust to their new reality. Gary the Spurs Lodge chef is not getting 3 months for free but he is getting 3 months to save up his 80% pay packet and be as financially prepared as he can come July. And when July comes he gets to spread the money he hasn't paid off his mortgage across the lifetime of his mortgage (assuming he has one). It's a pretty sweet deal.
During those 3 months Gary does not have to pay to travel to work. He doesn't even have to work. He doesn't have to spend much money at all. If he chooses to spend his 80% pay on Amazon stuff that's his choice. But if he chooses to save his 80% pay he will be set well come the Summer. And this is key - people are being given a chance to sort themselves out.
The backdrop is that the club has lots of money so it seems ridiculous to be putting these workers onto the gov scheme. But the club only has lots of money because it has massive revenues. If those revenues are slashed then we no longer have lots of money... not over the long term anyway.
This really isn't a complicated situation. 80% pay is better than 0% pay. And actually 80% on 30% outgoings is far better than 100% pay on 100% outgoings. What is most important of all is certainty, and that is what these staff have. Their jobs are as secure as they can possibly be and they know how much money is coming in the door.
We really don't know how this will play out so let's just relax and take care of ourselves and our neighbours. Let's at least get to the end of next week and see where things stand in terms of the general lockdown and then the world of football. My guess is that further football delays will be announced this weekend and that will be enough of a spur for the players to make a blanket donation next week which will resolve much of this.
Or they could’ve just continued to pay them as normalExactly. They could of sacked them all!
Turning this around isn't how this works. You're the one who said I'd missed all the many other arguments as to why Spurs shouldn't be doing what they're doing aside from the morality argument - the burden of proof to supply that evidence is on you, I'm afraid.
Whataboutery and strawmanning isn't an answer to that question. You've not given me any reason why Spurs shouldn't be doing what they're doing.
what @MK Yid doesn't understand is that not every club has 550 nonplaying staff, what he also misses the point is not every club has a debt of 635m, and not every club are going to be hit with losses of 150m+
what @MK Yid doesn't understand is that not every club has 550 nonplaying staff, what he also misses the point is not every club has a debt of 635m, and not every club are going to be hit with losses of 150m+
The excuses being made for Levy and the club in this thread are appaling. If Arsenal or West Ham did what we did, everyone would rightfully have a go at them.
I'm not anti-Levy like a lot of people on here but I've lost a lot of respect for him during all this.
We played our last game on March 10th. Less than a month later, we've furloughed our staff and cut pay. Does anyone in here really think it would've affected the financial stability of the club if staff were paid their full wages that at the beginning of the month, everyone thought would be paid as normal? The optics is terrible and it looks like Levy could not wait to save a few pennies. The club just announced a 68m profit. The club has 123m in the bank. We could've paid staff up until April in full and reviewed the situation from there.
It's the swiftness that has really bothered me. If this situation goes on for months - as it almost certainly will - I'm sure that a lot of PL clubs will start to feel the pinch. But to run to the government when the Club could easily afford to pay workers in full for a month or two at least is really poor taste. It may have been a correct business decision, but it's a morally bankrupt decision. It's disappointing to see so many people defending this. Us and Newcastle are the only clubs to cut staff salaries. Mike Ashley is a charlatan who I couldn't think any lesser of, Daniel Levy I thought was better than this.
I wonder if the same people that are desperate for these workers to get this money will be the same people happy that we miss out on a player because we might not have that couple of million in the bank to get the deal over the line. Let’s wait and see. Will be interesting to note.
Firstly I thought you had me on ignore.
But secondly. No, not every club has staff of 550 non-playing staff, in fact some that make far less profits than us, have a lot more than that, and are not reducing their wages
Not every club has a debt of 635m, but what you don't seem to understand is that is long term, over 23 years, we are not patying it all off next week.
Going to be hit with losses of 150m, what the hell are you talking about.
Our wages to turnover are by far the lowest in the League, we will be one of the least affected by this of all the teams in the League. Our wage bill is nearer Everton levels than any of the bigger 5. We have benefitted from new stadium all season.
Mentioned to you on many occasions, stay away from finance, it is not a sunject you should be expressing any views on if I am honest.
Firstly I thought you had me on ignore.
But secondly. No, not every club has staff of 550 non-playing staff, in fact some that make far less profits than us, have a lot more than that, and are not reducing their wages
Not every club has a debt of 635m, but what you don't seem to understand is that is secured long term, over 23 years, we are not paying it all off next week. If this virus is still going on in a years time then yes that is an issue, and we would either have to renegotiate terms or do a rights issue.
Going to be hit with losses of 150m, what the hell are you talking about.
Our wages to turnover are by far the lowest in the League, we will be one of the least affected by this of all the teams in the League. Our wage bill is nearer Everton levels than any of the bigger 5. We have benefitted from new stadium all season. (you know the thing you have been using as an excuse for underperforming and not buying players for a few years). At this stage I am still expecting season to finish, be that in August, and if that is the case, so no refund of the TV contract, would still expect us to be posting profits in the 2020/21 accounts.
Our financial position is better than any other club in the country, and we are in much better position to ride this out compared to anyone bar maybe Chelsea, Liverpool and the 2 Manchester clubs, but unlike any other club in league we have taken the steps to cut non-playing staff costs from our overheads before tackling the major issue, the high earners at the club.
Mentioned to you on many occasions, stay away from finance, it is not a sunject you should be expressing any views on if I am honest.
it’s a shame that people are using issues as serious as coronavirus, financial crisis and employment uncertainty as an excuse to drag this into yet another ‘I hate Enic’ v ‘I love Enic’ debate.
I would love to see any of you trying to manage the responsibilities he currently has to navigate.
it’s a shame that people are using issues as serious as coronavirus, financial crisis and employment uncertainty as an excuse to drag this into yet another ‘I hate Enic’ v ‘I love Enic’ debate.
I would love to see any of you trying to manage the responsibilities he currently has to navigate.
On a lighter note
'It's embarrassing': The exclusive player response to Hancock - Football365
Johnny Nic has the ear of an anonymous Premier League player with quite the response to Matt Hancock.www.football365.com
On a lighter note
'It's embarrassing': The exclusive player response to Hancock - Football365
Johnny Nic has the ear of an anonymous Premier League player with quite the response to Matt Hancock.www.football365.com
Think you may find the phrase is "grammatical errors" (but what do I know)I have got you on ignore but after 3 pages of seeing people reply to you, I had to use the option of viewing it to see what ANTI-LEVY CRAP you were spouting again.
due to having the 2nd largest league stadium, and the 1 with the most corporate members, and more bars and food joints please tell me with proof who has more nonplaying staff.
I know the stadium doesn't have to be paid off tomorrow, but the 20m+ for this season will, or does that count for mortgage relief
ok 150m
1, TV over 40m will be paid back if the season is voided
2, PL won't be paying clubs if voided
3, UEFA won't be paying clubs if voided, including TV money
4, concert & boxing postponed
5, sponsors will want refunds
6, 5 matches in lost revenue
I haven't used it as an excuse for underperforming down to us, not spending (look in a mirror), and know it would affect spending or get into a lot more debt without a single guarantee of even an extra trophy.
you might be expecting it to finish, but I wouldn't guarantee if we didn't see football for the whole of 2020, and as a business, you have to look forwards. until there's a definite return date I don't expect anything.
we as a club can't touch the player's wages, it would be a breach of contract, that is why it is going down the route it is at the moment. if the players came out like Barca, Juve, and the German clubs and did it on their own backs this might of never got this far.
all this is, is another stick for you to bash ENIC/Levy and what for the hope that someone MIGHT come in after spending 2b to buy and then like City and Chelsea spend over another billion to buy success. with FFP in place that will never happen, and if I had enough money and life to bet you with I would bet you.
edit: you also told me I don't know how to use grammar, so to help myself I installed Grammarly, and your post is littered with GRAMMAR ERRORS
If that is a genuine conversation between two actual real-life human beings and not one person badly writing an imagined conversation in his head for money i will eat my legs, both of them. Not that I'd want to cast aspersions on the integrity of www.football365.com of course.