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Thread: All very nice ... But

  1. #1
    Join Date
    Jan 2006
    Posts
    22,832

    All very nice ... But

    So things have changed this summer when it comes to the austerity of yesterday and the money being quoted for players who have come in. We all know that the pay structure must have been smashed and the sustainability of the club model no longer in place.

    I have already stated that if Mel Morris wants to invest his money he should do so without people ... Fans ... Saying he should do so and not have a say. Of course he should.

    But there are lots of unanswered questions. We have been caught before and so have other clubs. Where is the money coming from exactly? what is the model? And how does this all got in with ffp?

    It doesn't take much to do the maths and see we are already about to strangle ourselves within the bounds of ffp. Is Mel bank rolling this or other investors? Are funds being borrowed against assets such as the ground? Are we creating a wages and outgoing millstone that could sink the club later? What assurances do we have incase backers decide to walk away?

    I've alwa

  2. #2
    Join Date
    Oct 2012
    Posts
    1,363

    re: All very nice ... But

    I think we're absolutely fine in terms of FFP. Highest gates in the league, plenty of sponsorship and huge backing. There are ways around the FFP rules to enable an owner to give as much money as possible. And if need be we can always sell an asset. But I don't think it'll be an issue when we get promoted.

  3. #3

    re: All very nice ... But

    I sometimes get frustrated with the negativity of Rattea's posts, but usually there is an interesting point being made. This is certainly the case with his concerns above---and I would hope the club is more forthcoming in the coming mths. I for one have enjoyed the absence of financial crises in the past few years--and although we clearly need to invest to get to the 'promised land' --I hope we don't cause massive problems down the road---it will be easy to second guess people won't it---we will see, but I guess that nothing ventured -nothing gained.
    I am glad Mel is investing in the club and it should be an interesting season. I am also so happy Sam R. is involved as he has done a superb job in so many areas. ( Mel has to be fully involved---but I hope the two of them have a good relationship and don't get under each others feet (so to speak).
    Finally I would have to say that Rambam's response was as shallow and weak as most of his messages---I wish he/ she would slow down a bit and

  4. #4
    Join Date
    Jan 2008
    Posts
    1,199

    re: All very nice ... But

    [quote="Rattea"]So things have changed this summer when it comes to the austerity of yesterday and the money being quoted for players who have come in. We all know that the pay structure must have been smashed and the sustainability of the club model no longer in place.

    I have already stated that if Mel Morris wants to invest his money he should do so without people ... Fans ... Saying he should do so and not have a say. Of course he should.

    But there are lots of unanswered questions. We have been caught before and so have other clubs. Where is the money coming from exactly? what is the model? And how does this all got in with ffp?

    It doesn't take much to do the maths and see we are already about to strangle ourselves within the bounds of ffp. Is Mel bank rolling this or other investors? Are funds being borrowed against assets such as the ground? Are we creating a wages and outgoing millstone that could sink the club later? What assurances do we have in

  5. #5
    Join Date
    Jul 2007
    Posts
    6,799

    re: All very nice ... But

    Whilst I agree in principle with your comments Blattea, and have already cautioned against excess spending weeks ago, I must take issue with two points that you made in the first paragraph -

    1. We do not know that the wage structure has been smashed: if that was the case then transfer requests would be flying in. What we do know is that it the structure has been changed with some consequence on operating budgets.

    2. Sustainability. Arguably any team that relies on a minimum subvention payment from the owners (howsoever effected) of at least £7 million per annum is already not sustainable. Thus increasing the wage bill merely raises the bar of subvention payment. With FFP limits increasing a 50% hike in wages and agent fees should be able to be accommodated within FFP limits SO LONG AS THE OWNERS WILL PAY UP.

    More of concern to me is the capital expenditure on players which can have hefty hits against FFP especially for those on shorter contracts with less time to write the acq

  6. #6
    Join Date
    Feb 2009
    Posts
    7,399

    re: All very nice ... But

    I'd rather have Martin than anyone we've bought so I really hope that isn't the option .

  7. #7
    Join Date
    Jan 2014
    Posts
    1,423

    re: All very nice ... But

    Perhaps the club are taking a gamble. With MM's money, we are able to have access to immediate funds to assist in the purchase of players, without needing to sell our best assets. These assets will not need to be sold until January. Hopefully, if the gamble pays off and we are well clear, then no players will need to be sold. Otherwise, if things aren't going so well, we'll need to sell. I think this would result in lower fees received, but might be worth the risk when realising the potential prize at the end of the season.

  8. #8
    Join Date
    Jan 2010
    Posts
    1,907

    re: All very nice ... But

    [quote="Rattea"]So things have changed this summer when it comes to the austerity of yesterday and the money being quoted for players who have come in. We all know that the pay structure must have been smashed and the sustainability of the club model no longer in place.

    I have already stated that if Mel Morris wants to invest his money he should do so without people ... Fans ... Saying he should do so and not have a say. Of course he should.

    But there are lots of unanswered questions. We have been caught before and so have other clubs. Where is the money coming from exactly? what is the model? And how does this all got in with ffp?

    It doesn't take much to do the maths and see we are already about to strangle ourselves within the bounds of ffp. Is Mel bank rolling this or other investors? Are funds being borrowed against assets such as the ground? Are we creating a wages and outgoing millstone that could sink the club later? What assurances do we have in

  9. #9
    Join Date
    Jun 2015
    Posts
    1,872

    re: All very nice ... But

    Wow, all a bit highbrow economics for a Monday morning. Not my area of expertise at all and sounds a bit scary.

    Having said that, hope I'm not being naive, but all that MarylandRam suggests makes particular sense to me. People with the business acumen that I imagine Sam Rush and Mel Morris must posess will surely be alert to the complexities and possible pitfalls of FFP.

    Also having someone like MM in place - a long term and genuine fan as well as a major backer - is something I find reassuring as he appears more likely to have the long term interests of DCFC at heart and in mind than some of our more transient backers.

  10. #10
    Join Date
    Dec 2013
    Posts
    210

    re: All very nice ... But

    I don't know Mr Morris, or how he will bring his undoubted business acumen to DCFC; but the League is full of owners who seem to lose all their normal business sense when it comes to their clubs. Hope he is not one of those.

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