Vital Football

Latest Swansea City News

The Poor Get Poorer

The Poor Get Poorer
As the saying goes, Money talks. But if you are the chairman of a football club, money doesn`t just talk, it bellows!

Back in 2002, our beloved Swansea City entered into a Creditors Voluntary Agreement in a bid to stave off the threat of extinction; this brought the club out of administration and back on the road to recovery. In 2002, many clubs in the lower leagues were facing financial meltdown due to the collapse of ITV Digital, and the FA, the Football League and the PFA promised not to bury their heads in the sand, but in the 6 years that have followed has much changed?

7th February 2008 - AFC Bournemouth are the latest club to enter administration, resulting in an Automatic 10 point penalty. The Cherries owe a reported 4M and have entered administration to avoid a winding up order from the Inland Revenue, to avoid extinction - sound familiar?

Completely on the other hand, the Premier League, who before 1992/93 were part of the Football League have announced the plan to move matches to other countries, the countries have to "bid" for the rights to hold games. The Overseas broadcasters already pay 625M for the rights to show the Premier League, and that is combined with the ridiculous sums paid by Sky and Setanta in the UK, some might wonder why the Premier League needs more investment.

People will argue about the money needed to run a successful football club, the wages involved, the infrastructure, the stadium upkeep and facilities, but do these reasons justify paying a reported 30M for finishing last in the Premiership? How can the football league justify paying parachute payments to relegated Premier League clubs? It`s argued that the parachute payment scheme allows clubs to keep their best players and to compensate for a reduction in attendance, but it`s obvious that the parachute payment scheme shows the gulf in finances between the top flight and the 2nd tier.

It`s about time that a bigger slice of the monetary pie is shared out to the lower leagues. Its time for the FA to sort themselves out, to sort our lower leagues out, and to ensure that Football Clubs that are in danger of going out of business are nursed back to health. It`s not all about handouts, it`s about rewarding clubs that are financially sound, and helping the clubs that aren`t. It`s about the FA helping supporters form Trusts, each with a seat on a clubs board.

Things need to be changed, or the football league will change forever. I remember 2002, I remember administration, and I would not wish the threat of extinction on any club. Luckily we are now of sound financial health, and in a prime position to push on, but still many clubs are not.

The Rich get Richer, But the Poor are still poor

NJ



Writer:VitalSwansea
Date:Sunday February 10 2008
Time: 12:22AM

Comments

0
We are stable financialy now, but have we had handouts to help us along, spend more than you make and pay the consequences
cyjax
10/02/2008 02:23:00
0
Good article NJ, football clubs are no longer football clubs they are businesses, the FA only wants to know about the ones that are making money!
jack hammers
10/02/2008 10:19:00
Page 1/1
  1. 1

Login to post a comment

Recent Swansea City Articles

Are Players Set For A Football Exit?

With the country narrowly voting to leave the European Union in Thursday's Referendum, there are certainly plenty of real questions that have to be addressed in terms...

Opinions from Holland on Mike van der Hoorn

Some quick and brief opinions on Mike van der Hoorn, the Ajax defender that we look set to sign for around £2m

Swansea City & QPR Agree £4.75m Fee For Fer

Swansea City move a step closer to keeping Leroy Fer after agreeing a £4.75m fee with QPR for the midfielder

van der Hoorn: 'I'm Joining a Wonderful Club'

Ajax defender Mike van der Hoorn has told Dutch press that he is set to join Swansea City

Archived Vital Swansea City Articles

Vital Swansea City articles from

Site Journalists

VitalSwansea
Editor email
Profile

Current Poll (see more polls)

Suggested By:
Taylor first choice, Kingsley backup13%
Taylor first choice, new signing as backup1%
Kingsley first choice, Taylor as backup65%
Kingsley first choice, new signing as backup11%
new signing first choice, Kingsley as backup8%
something else2%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 38 23 12 3 81 32
2 Arsenal 38 20 11 7 71 29
3 Spurs 38 19 13 6 70 34
4 Man City 38 19 9 10 66 30
5 Man Utd 38 19 9 10 66 14
6 Southampton 38 18 9 11 63 18
7 West Ham 38 16 14 8 62 14
8 Liverpool 38 16 12 10 60 13
9 Stoke 38 14 9 15 51 -14
10 Chelsea 38 12 14 12 50 6
11 Everton 38 11 14 13 47 4
12 Swansea 38 12 11 15 47 -10
13 Watford 38 12 9 17 45 -10
14 WBA 38 10 13 15 43 -14
15 Crystal Palace 38 11 9 18 42 -12
16 AFC Bournemouth 38 11 9 18 42 -22
17 Sunderland 38 9 12 17 39 -14
R Newcastle 38 9 10 19 37 -21
R Norwich 38 9 7 22 34 -28
R Aston Villa 38 3 8 27 17 -49
Latest F1 News
Latest Vital Boxing News

Recent Swansea City Results (view all)

Swansea City Fixtures (view all)

Vital Members League Table

RankNamePoints
1.Vital Swansea City1
2.Phil W1
3.Andyjack781