| Hudds chairman 17:39 - Feb 12 with 5536 views | Northernr |
I know it's not our club but some interesting stuff in here from the Huddersfield chairman that I think is relevent.
- club is down £10m-12m year on year because of Covid
- wage bill of £19m, which is similar to ours in recent accounts, is now unsustainable.
- model built on selling players, like ours, greatly challenged by collapse of the market for Championship players
- challenges faced by the owner's day job businesses mean it's hard to inject funds
https://www.htafc.com/news/2021/february/an-update-from-chairman-phil-hodgkinson |  | | |  |
| Hudds chairman on 17:45 - Feb 12 with 3958 views | TGRRRSSS |
This was/is inevitable - and if you believe the latest from Sage and others in Science - guess what Vaccine may not be enough... soon businesses will soon go to the wall, football will surely end up having high profile casualties. |  | | |
| Hudds chairman on 18:05 - Feb 12 with 3892 views | terryb |
That must be a similar scenario at most Championship clubs.
Never has a promotion to The Premier been more needed. But never has trying to gain promotion and failing, put the livlihood of a club more at risk. |  | | |
| Hudds chairman on 18:08 - Feb 12 with 3876 views | davman |
The Twitter response is very, very reassuring - all I'll say is that it is not just us!  |  |
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| Hudds chairman on 18:30 - Feb 12 with 3826 views | rsonist |
| Hudds chairman on 18:08 - Feb 12 by davman |
The Twitter response is very, very reassuring - all I'll say is that it is not just us! |
They're in a safer position than many given they've still had parachute payments and still brought in more through sales than anyone barring the relegated sides and Brentford - £25-30m. I don't blame them for taking their time and playing it safe but if they're short up front you can understand their fans raising an eyebrow to some extent. |  | | |
| Hudds chairman on 19:02 - Feb 12 with 3748 views | CheshireR |
One major difficulty that Huddersfield and Hodgkinson have faced is the repayment of loans totalling £35M to the previous owner Dean Hoyle.
That has put a sizeable hole in the club's parachute payments and also Hodgkinson's personal wealth.
Always a risk that any benefactor may want their money back....
Strangely Hoyle is almost always portrayed as the good guy and Hodgkinson the rogue by Town fans. |  | | |
| Hudds chairman on 19:36 - Feb 12 with 3653 views | charmr |
Where’s Pickard When they need him | | | |
| Hudds chairman on 20:46 - Feb 12 with 3523 views | derbyhoop |
It's not a new problem in the game. Get relegated from the PL, go through parachute payments without getting promoted and you're reliant on understanding, very wealthy owners. All made worse if your club isn't attractive outside the PL, e.g. Swansea, Bournemouth as well. |  |
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Find me on twitter @derbyhoop |
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| Hudds chairman on 21:21 - Feb 12 with 3454 views | ted_hendrix |
*As I write this, our wage bill sits above £19 million for the year. Moving forward, that figure is unsustainable. For comparison, we got promoted in 2017 on a wage bill that was nearer £12 million.*
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This statement say's it all, they obviously are not alone It's a National problem at the moment and it will not be getting better anytime soon, all football clubs badly need to hear turnstiles clicking quickly but in the current Covid climate I'd be gobsmacked if we are walking into the lower loft before the end of this season.
This Covid bitch is gonna take a few Companies down with it and unfortunately I reckon a few football clubs too, no business can keep going Month on Month hemorrhaging money.
From my own point of view If we were allowed back into LR next Wednesday evening I wouldn't go due to me being still cautious about catching Covid, I can't imagine I'm the only bloke in the Country who thinks like that either.
It doesn't take a genius to work out that clubs were losing money hand over fist even before Covid invaded the bloody planet, those clubs must be on they're knees by now?
Oh dear. |  |
| My Father had a profound influence on me, he was a lunatic. |
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| Hudds chairman on 21:22 - Feb 12 with 3444 views | stevec |
Great to hear the man at the top spelling it out in an honest fashion, do we know how Huddersfield voted on the wage cap?
Interesting that even a club that is only fractionally exceeding the proposed cap cannot fund itself. For those 13, maybe more, who voted not to have a wage cap, a plague on all their clubs. |  | | |
| Hudds chairman on 21:23 - Feb 12 with 3440 views | BrianMcCarthy |
| Hudds chairman on 21:21 - Feb 12 by ted_hendrix |
*As I write this, our wage bill sits above £19 million for the year. Moving forward, that figure is unsustainable. For comparison, we got promoted in 2017 on a wage bill that was nearer £12 million.*
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This statement say's it all, they obviously are not alone It's a National problem at the moment and it will not be getting better anytime soon, all football clubs badly need to hear turnstiles clicking quickly but in the current Covid climate I'd be gobsmacked if we are walking into the lower loft before the end of this season.
This Covid bitch is gonna take a few Companies down with it and unfortunately I reckon a few football clubs too, no business can keep going Month on Month hemorrhaging money.
From my own point of view If we were allowed back into LR next Wednesday evening I wouldn't go due to me being still cautious about catching Covid, I can't imagine I'm the only bloke in the Country who thinks like that either.
It doesn't take a genius to work out that clubs were losing money hand over fist even before Covid invaded the bloody planet, those clubs must be on they're knees by now?
Oh dear. |
God bless Ebere Eze, and those that scouted him, signed and coached him. |  |
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| Hudds chairman on 21:58 - Feb 12 with 3362 views | LazyFan |
Maybe we could help out by paying them £300K for Josh Koroma.
After all he has not played a full season in the champ.
We can give them Cameron a proven Prem player as an extra. |  |
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| Hudds chairman on 22:13 - Feb 12 with 3321 views | WatfordR |
| Hudds chairman on 21:21 - Feb 12 by ted_hendrix |
*As I write this, our wage bill sits above £19 million for the year. Moving forward, that figure is unsustainable. For comparison, we got promoted in 2017 on a wage bill that was nearer £12 million.*
/
This statement say's it all, they obviously are not alone It's a National problem at the moment and it will not be getting better anytime soon, all football clubs badly need to hear turnstiles clicking quickly but in the current Covid climate I'd be gobsmacked if we are walking into the lower loft before the end of this season.
This Covid bitch is gonna take a few Companies down with it and unfortunately I reckon a few football clubs too, no business can keep going Month on Month hemorrhaging money.
From my own point of view If we were allowed back into LR next Wednesday evening I wouldn't go due to me being still cautious about catching Covid, I can't imagine I'm the only bloke in the Country who thinks like that either.
It doesn't take a genius to work out that clubs were losing money hand over fist even before Covid invaded the bloody planet, those clubs must be on they're knees by now?
Oh dear. |
If we're talking about the non-priority members of the population not getting their first jab til May, a 12 week gap til the booster takes us to August. I can't imagine there's much chance of mass attendances at any sport/festival until September at the very earliest. And that's with everything going well.
We're not going to know the extent of business failures til the furlough and support schemes end. It's going to shockingly brutal at the smaller end of the business scale I fear. |  | | |
| Hudds chairman on 01:21 - Feb 13 with 3112 views | timcocking |
It's always seemed only a question of time, even before covid. Once we had players like Patrick Agyemang driving Bentleys, the writing was on the wall.
And given the fact so many people around the world are living in poverty, perhaps it's karma? |  | | |
| Hudds chairman on 01:35 - Feb 13 with 3108 views | gigiisourgod |
This is exactly why we can not lose sight of the bigger picture at the moment, there are more important factors at play than our results in the last 5 or 6 games. Obviously it’s a results based industry but patience is required now more than ever before. | | | |
| Hudds chairman on 10:54 - Feb 13 with 2817 views | enfieldargh |
Huddersfield recently have been buying relative unknown players from the EU which with new employment point system rules restricts this. For us it was Ngbkato(SP) Sylla, Chery and Polish lads.
I am interested in seeing how the FL act towards those clubs who breach FFP regs during the pandemic.
I'm sure special dispensation will be granted to those who do breach the rules. Clubs may then have to juggle FFP and delayed fines?
More likely clubs will need to offload players to lighten the wage bill, sinking ship syndrome, chuck the engine overboard we've good oars. we used to employ professional players now we operate on a semi-pro basis.
It may well be that we end up with two/three professional leagues with lower regional leagues as in Germany |  |
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| Hudds chairman on 13:42 - Feb 13 with 2658 views | The_Beast1976 |
| Hudds chairman on 22:13 - Feb 12 by WatfordR |
If we're talking about the non-priority members of the population not getting their first jab til May, a 12 week gap til the booster takes us to August. I can't imagine there's much chance of mass attendances at any sport/festival until September at the very earliest. And that's with everything going well.
We're not going to know the extent of business failures til the furlough and support schemes end. It's going to shockingly brutal at the smaller end of the business scale I fear. |
But once the prioity members of the population are vaccinated, why does it matter about the rest (the majority of the rest won't get seriously ill)? There is no reason why we can't be at football in May and other sporting events in Summer. Hopefully, worst case for football clubs is fans back in August in almost full numbers, otherwise some will start collapsing [Post edited 13 Feb 2021 14:13]
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| Hudds chairman on 14:20 - Feb 13 with 2584 views | PinnerPaul |
| Hudds chairman on 13:42 - Feb 13 by The_Beast1976 |
But once the prioity members of the population are vaccinated, why does it matter about the rest (the majority of the rest won't get seriously ill)? There is no reason why we can't be at football in May and other sporting events in Summer. Hopefully, worst case for football clubs is fans back in August in almost full numbers, otherwise some will start collapsing [Post edited 13 Feb 2021 14:13]
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Indeed. I've said it before and I'll say it again, its never going to be better than flu.
Matt Hancock even said recently that the aim is to get it to be like flu and then we can all live normally.
8,000 (a good year) to 20,000 (a bad year) die from flu every year in the UK WITH vaccine for the over 60s (Over 50s from this year)
NEVER going to be any guarantee that you will never catch covid, just like you could die in a car crash on the way to the ground.
Its been a terrible disease/year but at some stage we're going to have to accept where we are with it and move on.
Such as been the scale and devastation caused I do think that's not going to be easy.
Monitoring is so extensive now, if a new wave/variant appears the we would move back into lockdown, but that fear is never going to go away surely? | | | |
| Hudds chairman on 15:35 - Feb 13 with 2494 views | dodge_stoke_r |
I'm no expert on the furlough scheme as I've not been subjected to it. But isn't something along the lines of, people stayed at home , the government pay80% of their wages upto £2500 a month. This takes away the burden off companies loosing so much money by paying wages and allowing them to retain their employees once they can return to work.Why haven't football clubs furloughed their players? To the best of my knowledge, not one player has been furloughed. It seems another example of how football is getting further and further away from the real world and real people. So forgive me when I hear football clubs moaning about money, if I say fvck 'em. And on another moan. How come every player is obviously getting their hair cut? They can't all be married to hairdressers! |  | | |
| Hudds chairman on 16:52 - Feb 13 with 2406 views | terryb |
I hate to think what will appear on his social media tonight! | | | |
| Hudds chairman on 17:34 - Feb 13 with 2314 views | themodfather |
timing is important, this message comes out and they get stuffed by bottom club wycombe! of course great for our gareth,
many clubs are going to be in the deep doo doo when we get back to "normal" . a brave move by their chairman, he's been upfront and clear with their situation but as long as liverpool and the prem top 6 are rich and ok, who cares? | | | |
| Hudds chairman on 17:37 - Feb 13 with 2308 views | TGRRRSSS |
The answer to the hairdresser thing Dodgestoke is they have lots of money and will simply offer the Hairdresser come round and do it, so long as they don't do a Joelinton there's be no questions asked, and probably most live somewhere where nobody will grass up as far enough away I imagine.
And even if they do get fined, whats a couple of hundred quid to them? | | | |
| Hudds chairman on 17:39 - Feb 13 with 2309 views | ridethewave |
| Hudds chairman on 10:54 - Feb 13 by enfieldargh |
Huddersfield recently have been buying relative unknown players from the EU which with new employment point system rules restricts this. For us it was Ngbkato(SP) Sylla, Chery and Polish lads.
I am interested in seeing how the FL act towards those clubs who breach FFP regs during the pandemic.
I'm sure special dispensation will be granted to those who do breach the rules. Clubs may then have to juggle FFP and delayed fines?
More likely clubs will need to offload players to lighten the wage bill, sinking ship syndrome, chuck the engine overboard we've good oars. we used to employ professional players now we operate on a semi-pro basis.
It may well be that we end up with two/three professional leagues with lower regional leagues as in Germany |
Maybe the time for leagues is over. The American model would eliminate any worries over relegation, financial uncertainty, FFP, and just allow the focus to be on the sport.
Whatever the solution football cannot continue as we know it. [Post edited 13 Feb 2021 17:40]
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| Hudds chairman on 17:42 - Feb 13 with 2292 views | ridethewave |
| Hudds chairman on 15:35 - Feb 13 by dodge_stoke_r |
I'm no expert on the furlough scheme as I've not been subjected to it. But isn't something along the lines of, people stayed at home , the government pay80% of their wages upto £2500 a month. This takes away the burden off companies loosing so much money by paying wages and allowing them to retain their employees once they can return to work.Why haven't football clubs furloughed their players? To the best of my knowledge, not one player has been furloughed. It seems another example of how football is getting further and further away from the real world and real people. So forgive me when I hear football clubs moaning about money, if I say fvck 'em. And on another moan. How come every player is obviously getting their hair cut? They can't all be married to hairdressers! |
Because to be furloughed means you cannot work. Furloughing football players means they then cannot play football - not sure how that would help a struggling club! [Post edited 13 Feb 2021 17:43]
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| Hudds chairman on 19:40 - Feb 13 with 2138 views | kropotkin41 |
The UK economy has shrunk by 9.9%, nothing like that has happened in more than 300 years. 9 million jobs are potentially at risk, and, well, let's just say that there is another systemic shock, erm, changing the economy dramatically. There is no reason to expect football or anything else to get back to "normal" anytime ever. |  |
| ‘morbid curiosity about where this is all going’ |
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| Hudds chairman on 22:38 - Feb 13 with 2015 views | BrianMcCarthy |
| Hudds chairman on 19:40 - Feb 13 by kropotkin41 |
The UK economy has shrunk by 9.9%, nothing like that has happened in more than 300 years. 9 million jobs are potentially at risk, and, well, let's just say that there is another systemic shock, erm, changing the economy dramatically. There is no reason to expect football or anything else to get back to "normal" anytime ever. |
So you're saying it'll be ok, ya? | |
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