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

Best of Vital Network

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

Clement: Fabianski Was Furious With Penalty Decision

Swansea City head coach Paul Clement said goalkeeper Lucasz Fabianski was 'furious' with the penalty decision in today's 1-1 draw at Manchester United

Swans Show There's Still Plenty of Fight Left

Swansea City showed the level of performance that is required to fight for survival at Old Trafford this afternoon

Stats: Manchester United v Swansea City

All the stats from Manchester United (1) vs (1) Swansea City, Old Trafford, 30th April 2017 Att: 75,271

Team Line-Ups & Updates: Manchester United vs Swansea City

Team line-ups and match updates as Swansea City take on Manchester United at Old Trafford

Archived Vital Swansea City Articles

Vital Swansea City articles from

Site Journalists

VitalSwansea
Editor email
Profile

Current Poll (see more polls)

Vote for your man of the match vs Manchester United
Suggested By:
Fabianski7%
Mawson6%
Fernandez62%
Naughton0%
Kingsley0%
Britton0%
Carroll0%
Ki0%
Sigurdsson25%
Ayew0%
Llorente0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Chelsea 34 26 3 5 81 43
2 Spurs 34 23 8 3 77 49
3 Liverpool 34 19 9 6 66 28
4 Man City 34 19 9 6 66 28
5 Man Utd 34 17 14 3 65 26
6 Arsenal 33 18 6 9 60 22
7 Everton 35 16 10 9 58 20
8 WBA 34 12 8 14 44 -4
9 Southampton 33 11 8 14 41 -5
10 AFC Bournemouth 35 11 8 16 41 -13
11 Leicester City 34 11 7 16 40 -12
12 Stoke 35 10 10 15 40 -13
13 Watford 33 11 7 15 40 -17
14 Burnley 35 11 6 18 39 -14
15 West Ham 35 10 9 16 39 -15
16 Crystal Palace 35 11 5 19 38 -10
17 Hull City 35 9 7 19 34 -31
18 Swansea 35 9 5 21 32 -29
19 Middlesbrough 35 5 13 17 28 -19
R Sunderland 34 5 6 23 21 -34
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Swansea City Results (view all)

Swansea City Fixtures (view all)

May 6 2017 5:30PM : Everton (H)
Barclays Premier League
May 13 2017 3:00PM : Sunderland (a)
Barclays Premier League
May 21 2017 3:00PM : West Bromwich Albion (H)
Barclays Premier League
The Vital Football Members League