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



Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football

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

Match Day Officials v West Ham (7/5/16)

The Premier League have now announced the Match Day officials that will take charge of the game against West Ham this weekend.

Guidolin's Record at Udinese - Top 5 Serie A & 119m Profit

Francesco Guidolin had an excellent 4-year spell at Udinese, achieving 3 top 5 Serie A finishes whilst the club made nearly 120m profit via transfers alone

Who Will Swansea City Face In 2016/17 (3/5/16)

With less than a handful of games remaining in the 2015/16 campaign, some promotions and relegations in the football pyramid are already known.

Ayew In Team Of The Week (2/5/16)

Swansea City are represented in the latest Premier League team of the week that has been selected by BBC pundit Garth Crooks.

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 Liverpool
Suggested By:
Fabianski3%
Rangel2%
Williams2%
Amat6%
Taylor2%
Cork68%
Britton4%
Routledge0%
Montero0%
Sigurdsson2%
Ayew11%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 36 22 11 3 77 30
2 Spurs 36 19 13 4 70 39
3 Arsenal 36 19 10 7 67 25
4 Man City 36 19 7 10 64 30
5 Man Utd 35 17 9 9 60 12
6 West Ham 35 15 14 6 59 17
7 Southampton 36 16 9 11 57 14
8 Liverpool 35 15 10 10 55 11
9 Chelsea 35 12 12 11 48 7
10 Stoke 36 13 9 14 48 -14
11 Everton 35 10 14 11 44 6
12 Watford 35 12 8 15 44 -6
13 Swansea 36 11 10 15 43 -13
14 WBA 36 10 11 15 41 -14
15 AFC Bournemouth 36 11 8 17 41 -20
16 Crystal Palace 36 10 9 17 39 -10
17 Newcastle 36 8 9 19 33 -25
18 Sunderland 35 7 11 17 32 -18
19 Norwich 35 8 7 20 31 -26
R Aston Villa 36 3 7 26 16 -45
Latest F1 News
Latest Vital Boxing News

Recent Swansea City Results (view all)

Swansea City Fixtures (view all)

May 7 2016 3:00PM : West Ham United (a)
Barclays Premier League
May 15 2016 3:00PM : Manchester City (H)
Barclays Premier League

Vital Members League Table

RankNamePoints
1.Phil W2
2.Vital Swansea City1
3.Andyjack781