Force Majeur or la paille qui a brisé les chameaux?

[renno]

Force Majeur - Definition: unforeseeable circumstances that prevent someone from fulfilling a contract.


la paille qui a brisé les chameaux - or more commonly referred to as - The straw that broke the camels back
Definition - describes the seemingly minor or routine action that causes an unpredictably large and sudden reaction, because of the cumulative effect of small actions


Lets have a dig into their financials (Info from full accounts). Over a 5 year period they have accumulated £19.12m of debt

£16.8m of this is from the last 2 years alone

There would only be football as a business that would say thats not too bad a loss considering player prices/wages etc, I run my own company and have done for 15 years and I can guarantee you that if I had recorded this amount of losses over the last 5 years alone, whilst still taking a wage, that the banks would have had a little chat many years before hand.

We are a small tinpot company in the grand scheme of things, but (touch wood) we have survived a global crash and a pandemic - we are now truly seeing who has been swimming naked now the tide has gone out (As mentioned on a previous post).

Covid - Yes I'm sure it hasnt helped their coffers, like every club in the land - the sole cause of this - I dont think so.

The EFL have been caught out on this one, MPs such as Lisa Nandy and Andy Burnham need to shut their pie holes (I like them under their usual day jobs), but I didnt hear either of them complaining when Wigan lifted the FA Cup and were signing players on top money , going to great lengths with the press to express their concern at the last 2 years' account and overspending.

The footballing authorities have seen non league clubs go to the wall for £8000 for christs' sake, at what point do the EFL actually sit up and take some responsibility for the plight of clubs' finances - or is it because the global TV audience might not be as interested in the Championship unless they're splashing out £20m on a player? To say that £39m of debt over 3 years is acceptable is ludicrous to say the least.

Bournemouth going on about how they could survive without the fans' matchday revenue - well you've got your wish. What the PL and EFL are missing is that if you take away the TV money are they then sustainable? We need not bother working that one out. A club should simply be run based on its fanbased revenues, because if the global appeal starts to evaporate, so does the lucrative TV revenue and football is staring straight into a black hole

[SBRed48]

Agreed.

Chien, Paul and Dane have shown us how a club should be run but even they rely on TV income--

Rounded figures--of our £14 milion annual turnover (excluding player transfers)
£8 million is from TV income
£4 million is from Season Members (love the new name) formerly Season Tickets and matchday revenue
£2 miilion from sponsorship/commercial streams

If only fanbase income is used it won't really help us. Paul quite rightly says it is not up to owners to contribute towards the running of the club so there are few alternatives left.

[pass_and_move]

When a read title o this thread a thowt it wo Nice fans and a French phrase fo 'profit afooar ambition' or summat like that

Some very good points Renno, good post mate and puts things into perspective

[renno]

When a read title o this thread a thowt it wo Nice fans and a French phrase fo 'profit afooar ambition' or summat like that

Some very good points Renno, good post mate and puts things into perspective

Hahaha!!

That was a google translate job - I got an E in French

I'd forgot about the french connection!!

Cheers