| Parachute payments 11:15 - May 30 with 7291 views | Lord_Bony |
Will still get 35 million this coming season from our time in the premier league
Gives us an advantage , could be useful.  |  |
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| Parachute payments on 13:57 - May 30 with 1685 views | magicdaps10 |
Pointless me going on here as I am obviously totally unaware and lacking any business brain to know what the hell is going on at our club.
I will just get back to my 9-5 job, my two up/two down house and drive my clapped out old family car.
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| Parachute payments on 13:58 - May 30 with 1681 views | Cooperman |
| Parachute payments on 13:43 - May 30 by magicdaps10 |
Banging my head.
Read back and said out loudly......was I meant to get something there.
I will state again, wages off the book and obviously lose the Ayews and Baston and we are in a very good financial position.
Things have to be covered in that but 12months down the line is 12 months off knocked off their contract. |
What you are stating ‘again’ isn’t what you stated at first, not in written words at least.
As for shifting the Ayew’s et al, it’s not simply a case of moving the pieces around a chess board. To achieve this we have to find club run equally as bad as Swansea City 2017 vintage. |  |
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| Parachute payments on 14:01 - May 30 with 1670 views | magicdaps10 |
| Parachute payments on 11:23 - May 30 by magicdaps10 |
5m less than last year.
Taking into account the wages off the books, money in for James and Potter.
We are in a very good financial position.
Obviously we need to clear the Ayews and Baston but the desperation in getting a good fee is not such a big deal......wages are the bigger priority. |
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| Parachute payments on 14:01 - May 30 with 1669 views | majorraglan |
I am pretty sure I read on here last summer that the first instalment of the 2019/2020 seasons parachute payment was cashed in in the form of an advance last August/September which means a chunk of next seasons payment has already been spent. |  | | |
| Parachute payments on 14:09 - May 30 with 1636 views | Lord_Bony |
| Parachute payments on 14:01 - May 30 by majorraglan |
I am pretty sure I read on here last summer that the first instalment of the 2019/2020 seasons parachute payment was cashed in in the form of an advance last August/September which means a chunk of next seasons payment has already been spent. |
No that can't be done.
The aim of these payments is to ensure the club can cope with the reduced income from not being part of the Premier League — especially given that many of the players remaining at the club will still be under contract on so-called Premier League wages
Just goes to show the huge amount of money that is generated from television broadcasting but it will definitely give us an advantage over most of the other clubs in this league
Cardiff also to get 35 m | |
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| Parachute payments on 14:30 - May 30 with 1601 views | Neath_Jack |
| Parachute payments on 14:09 - May 30 by Lord_Bony |
No that can't be done.
The aim of these payments is to ensure the club can cope with the reduced income from not being part of the Premier League — especially given that many of the players remaining at the club will still be under contract on so-called Premier League wages
Just goes to show the huge amount of money that is generated from television broadcasting but it will definitely give us an advantage over most of the other clubs in this league
Cardiff also to get 35 m |
Yes it can be done, and we do it.
We borrow from the bank / Americans, against the guaranteed payment from the Premier League. |  |
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| Parachute payments on 14:31 - May 30 with 1600 views | jasper_T |
| Parachute payments on 14:09 - May 30 by Lord_Bony |
No that can't be done.
The aim of these payments is to ensure the club can cope with the reduced income from not being part of the Premier League — especially given that many of the players remaining at the club will still be under contract on so-called Premier League wages
Just goes to show the huge amount of money that is generated from television broadcasting but it will definitely give us an advantage over most of the other clubs in this league
Cardiff also to get 35 m |
It can be done and we did it regularly in the PL as well. The documents showing it are on Companies House.
We sold the first instalment payment for the 19/20 season to Barclays on the 24th August 2018. | | | |
| Parachute payments on 14:39 - May 30 with 1583 views | Cooperman |
| Parachute payments on 14:09 - May 30 by Lord_Bony |
No that can't be done.
The aim of these payments is to ensure the club can cope with the reduced income from not being part of the Premier League — especially given that many of the players remaining at the club will still be under contract on so-called Premier League wages
Just goes to show the huge amount of money that is generated from television broadcasting but it will definitely give us an advantage over most of the other clubs in this league
Cardiff also to get 35 m |
I don’t believe the advantage is that great. It’s an advantage that can be realised in several ways - it allows clubs to hang on to players capable of playing at a level above the Championship. However it takes two to tango and if the player doesn’t have the heart for second division football then it’s not going to work out for the good.
Assuming big earners are shifted post relegation it also potentially allows for higher transfer budgets. The flip side of that is that purchase prices, signing on fees and wage demands all go up - it becomes a sellers market. A ‘new’ team is also difficult to gel in many cases and instant success is a rarity.
So for every good there is a bad. You’ve only got to look at the stats for clubs bouncing back at the first attempt in order to see that parachute payments are not a defining factor in who gets promoted. Now a well run club on the other hand... [Post edited 30 May 2019 14:41]
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| Parachute payments on 15:54 - May 30 with 1501 views | NotLoyal |
| Parachute payments on 11:36 - May 30 by theloneranger |
Whatever we receive for them, if anything, will be taken up in us paying off their contracts. |
Not if their contracts contain a clause regards leaving and signing on fees, without going in to it most clubs dont sell on players *and* pay up contracts. Or at least we shouldn't do. |  |
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| Parachute payments on 16:01 - May 30 with 1494 views | SgorioFruit |
| Parachute payments on 13:40 - May 30 by SgorioFruit |
Forgive me for putting this statement below in capital letters, but it’s just to help some fans on here
THE AMERICAN OWNERS ARE HERE TO TAKE AS MUCH MONEY OUT OF THIS CLUB AS POSSIBLE.
ANY MONEY EARNED WILL NOT BE PUT BACK INTO OUR CLUB |
BUMP
close thread |  |
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| Parachute payments on 16:06 - May 30 with 1489 views | Badlands |
| Parachute payments on 13:40 - May 30 by SgorioFruit |
Forgive me for putting this statement below in capital letters, but it’s just to help some fans on here
THE AMERICAN OWNERS ARE HERE TO TAKE AS MUCH MONEY OUT OF THIS CLUB AS POSSIBLE.
ANY MONEY EARNED WILL NOT BE PUT BACK INTO OUR CLUB |
Forgive me for putting this statement below in capital letters, but it’s just to help some fans on here
WHERE IS THE EVIDENCE? |  |
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| Parachute payments on 16:40 - May 30 with 1454 views | bermudajack |
| Parachute payments on 16:06 - May 30 by Badlands |
Forgive me for putting this statement below in capital letters, but it’s just to help some fans on here
WHERE IS THE EVIDENCE? |
I don’t think we’ll have any trouble offloading some of the players, (Borja & Jordan Ayew) however, A Ayew will be the most difficult, so getting him back fit and in the shop window is vital to at least secure a loan deal or cut price sale elsewhere...
The likes of Carrol, Montero will need to be assessed by new manage |  |
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| Parachute payments on 16:57 - May 30 with 1437 views | LeonWasGod |
| Parachute payments on 11:27 - May 30 by magicdaps10 |
That money works out about 650,000 a week, divide that by say a squad of 30 and that works out at about 20k a week on the average....I repeat AVERAGE wage.
Get the Ayews and Baston gone and I see no issues to worry, we can surely push on in a positive direction.
Players will want to leave but there is no excuse to back the manager with the money from those sales. |
You'd think so. We 'only' had an average wage of just over £30k in the PL, so with the vast majority of those players gone there certainly shouldn't be a problem in terms of wages. Something's gone seriously wrong if we can't compete even with parachute payments. I can understand last season, but that must be getting close to being fixed by now (bar the Ayews & Baston). Depends how we've managed installments for players, recorded amortisation on the books, etc, I suppose. |  | | |
| Parachute payments on 17:04 - May 30 with 1424 views | LeonWasGod |
| Parachute payments on 16:01 - May 30 by SgorioFruit |
BUMP
close thread |
The trouble vast majority of clubs in this division fail to break even, let alone generate any profits. So I'm not sure where they'd get their money from. How could they even record it - via director's payments, or are you suggesting they're acting illegally?
Obviously they want their money back, but I can't see how that'll happen unless we get promoted again. | | | |
| Parachute payments on 17:12 - May 30 with 1414 views | BillyChong |
| Parachute payments on 14:39 - May 30 by Cooperman |
I don’t believe the advantage is that great. It’s an advantage that can be realised in several ways - it allows clubs to hang on to players capable of playing at a level above the Championship. However it takes two to tango and if the player doesn’t have the heart for second division football then it’s not going to work out for the good.
Assuming big earners are shifted post relegation it also potentially allows for higher transfer budgets. The flip side of that is that purchase prices, signing on fees and wage demands all go up - it becomes a sellers market. A ‘new’ team is also difficult to gel in many cases and instant success is a rarity.
So for every good there is a bad. You’ve only got to look at the stats for clubs bouncing back at the first attempt in order to see that parachute payments are not a defining factor in who gets promoted. Now a well run club on the other hand... [Post edited 30 May 2019 14:41]
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The last team that bounced back up to the prem at first time of asking were Newcastle. Are they a well run club? They certainly invest enough money in the team. | | | |
| Parachute payments on 19:11 - May 30 with 1299 views | SgorioFruit |
| Parachute payments on 17:04 - May 30 by LeonWasGod |
The trouble vast majority of clubs in this division fail to break even, let alone generate any profits. So I'm not sure where they'd get their money from. How could they even record it - via director's payments, or are you suggesting they're acting illegally?
Obviously they want their money back, but I can't see how that'll happen unless we get promoted again. |
I agree.
Are they going to sell the club at a loss to themselves or hope we gain promotion with our kids playing? | |
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| Parachute payments on 21:34 - May 30 with 1234 views | jacktheripper |
| Parachute payments on 11:27 - May 30 by magicdaps10 |
That money works out about 650,000 a week, divide that by say a squad of 30 and that works out at about 20k a week on the average....I repeat AVERAGE wage.
Get the Ayews and Baston gone and I see no issues to worry, we can surely push on in a positive direction.
Players will want to leave but there is no excuse to back the manager with the money from those sales. |
The scenario is a bit simplistic.What about the running costs of the club not including wages? This was £500k a week in the prem although this should be substantially less with the cost cutting. And not forgetting the rent we now must pay for the stadium and it's upkeep |  | | |
| Parachute payments on 01:08 - May 31 with 1138 views | longlostjack |
| Parachute payments on 21:34 - May 30 by jacktheripper |
The scenario is a bit simplistic.What about the running costs of the club not including wages? This was £500k a week in the prem although this should be substantially less with the cost cutting. And not forgetting the rent we now must pay for the stadium and it's upkeep |
What’s happening with the naming rights ? |  |
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| Parachute payments on 07:45 - May 31 with 1053 views | swan65split |
| Parachute payments on 14:30 - May 30 by Neath_Jack |
Yes it can be done, and we do it.
We borrow from the bank / Americans, against the guaranteed payment from the Premier League. |
So is that where the (I think I read it here somewhere) the £800k interest we paid out went then? |  | | |
| Parachute payments on 07:49 - May 31 with 1045 views | swan65split |
| Parachute payments on 16:06 - May 30 by Badlands |
Forgive me for putting this statement below in capital letters, but it’s just to help some fans on here
WHERE IS THE EVIDENCE? |
Can someone get full and uncensored access to the full accounts? | | | |
| Parachute payments on 08:01 - May 31 with 1029 views | WarwickHunt |
| Parachute payments on 01:08 - May 31 by longlostjack |
What’s happening with the naming rights ? |
We’re getting £200 and a can of diesel from Low Cost Vans. |  | | |
| Parachute payments on 08:15 - May 31 with 1010 views | magicdaps10 |
| Parachute payments on 08:01 - May 31 by WarwickHunt |
We’re getting £200 and a can of diesel from Low Cost Vans. |
Low cost are pulling out this coming season so I have been told......something to do with how the club is being run, so I am told. | |
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| Parachute payments on 08:45 - May 31 with 972 views | Thrasher6 |
| Parachute payments on 08:15 - May 31 by magicdaps10 |
Low cost are pulling out this coming season so I have been told......something to do with how the club is being run, so I am told. |
Just goes to show how toxic our owners are. Sponsors don't want to touch us with a barge pole due to the negative connotations of any alliance with them.... |  |
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| Parachute payments on 09:19 - May 31 with 926 views | hobo |
| Parachute payments on 12:50 - May 30 by raynor94 |
Baston, Quality! Your having a laugh  |
What I'm saying is, he is worth more than the £1.5m we'll be paying in wages!
If I recall correctly, I was the only one saying he would be a terrible signing at £15m, so no he's not quality. But I know I'd rather have him rotating with McBurnie than CBR |  | | |
| Parachute payments on 09:29 - May 31 with 918 views | majorraglan |
| Parachute payments on 07:49 - May 31 by swan65split |
Can someone get full and uncensored access to the full accounts? |
Not that I am aware of. The Trust Director gets access to some of the accounts, possibly the management accounts, but to get further information i believe it’s the Trust had to sign a non disclosure agreement which they weren’t happy to do. Maybe someone from the Trust can confirm this for you. | | | |
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