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Concequences of the january window - It aint rosie
Posted:
Tue Feb 02, 2010 12:25 pmby Reg
This transfer window has sent a shockwave throughout British if not european football - the bubble has burst.
To attract the right quality, clubs paid inflated values and wages to secure players hoping if they showed promise they could pass them on at a better price.
This window, just 21 million pounds changed hands which leaves clubs with massively over valued and over paid squads that owners and acccountants know they cant liquidate. We could see major financial stress outside the top 5-7 clubs in the premiership and the first division as players inevitably see their contracts run down and clubs cant recoup their investment. Similarly they´ll have to continue paying unworkable wages knowing they´re throwing good money after bad.
It looks bleak and if the summer window is a re-run of the january window then expect to see clubs go bust as they have to revalue their assets and right off tens of millions of pounds of over stated worth. Oooopps.
Posted:
Tue Feb 02, 2010 12:27 pmby Roger Red Hat
I blame the yanks. not coughing up some dosh for Rafa.
Posted:
Tue Feb 02, 2010 12:30 pmby bunglemark2
Reg wrote:This transfer window has sent a shockwave throughout British if not european football - the bubble has burst.
To attract the right quality, clubs paid inflated values and wages to secure players hoping if they showed promise they could pass them on at a better price.
This window, just 21 million pounds changed hands which leaves clubs with massively over valued and over paid squads that owners and acccountants know they cant liquidate. We could see major financial stress outside the top 5-7 clubs in the premiership and the first division as players inevitably see their contracts run down and clubs cant recoup their investment. Similarly they´ll have to continue paying unworkable wages knowing they´re throwing good money after bad.
It looks bleak and if the summer window is a re-run of the january window then expect to see clubs go bust as they have to revalue their assets and right off tens of millions of pounds of over stated worth. Oooopps.
You would have to say, the English FA is hugely culpable for this, esp. if many clubs go to the wall.
There was ample opportunity to, for example, cap players wages, or transfer fees, or restructure the way fees are paid and to whom etc....
Instead, they did nothing and the rich got richer (assuming a drunken arab or oil-rich russian took an interest) whilst the poor get poorer...
Shame on the FA.
Posted:
Tue Feb 02, 2010 12:39 pmby RUSHIE#9
Don't think the finger can be just pointed squarely at the FA. There is always going to be some muppet in Europe that will block anything like wage caps as it will infringe on fair working practices or some other bullshit like that.
Capping transfer fees will then have the numpties in brussells saying it infringes on fair trade or bollox like that and any changes to the transfer system would probably have to be cleared by Blatter and his cronies.
Posted:
Tue Feb 02, 2010 12:51 pmby bunglemark2
RUSHIE#9 wrote:Don't think the finger can be just pointed squarely at the FA. There is always going to be some muppet in Europe that will block anything like wage caps as it will infringe on fair working practices or some other bullshit like that.
Capping transfer fees will then have the numpties in brussells saying it infringes on fair trade or bollox like that and any changes to the transfer system would probably have to be cleared by Blatter and his cronies.
That's quite possibly true. However, I think in Europe in general, there is such a discrepancy between the haves and the have-nots, in overall country terms as well as at club level, that it would be negligence to let things continue as they are.
The fees involved for Ronaldo or Kaka are just criminal, and nonsensical when the liquidity of the club just does not make it rational to pay such fees. Or the inflated fees paid by Citeh....it just spirals out of control.
As for salary caps, it works in the US - so why not introduce it over here ? I think it's a start in the right direction and then lets see where it takes us...
Posted:
Tue Feb 02, 2010 1:51 pmby tubby
Salary caps, salary caps, salary caps.
Posted:
Tue Feb 02, 2010 1:52 pmby Reg
bunglemark2 wrote:You would have to say, the English FA is hugely culpable for this, esp. if many clubs go to the wall.
There was ample opportunity to, for example, cap players wages, or transfer fees, or restructure the way fees are paid and to whom etc....
Instead, they did nothing and the rich got richer (assuming a drunken arab or oil-rich russian took an interest) whilst the poor get poorer...
Shame on the FA.
Its the same style of financial crisis that AIG and the banks went thru in the US, over valuing worthless assets - toxic debt.
Who says your player is worth peanuts when the other PL managers are spending millions on equally useless players, upping the salaries to mega levels and treating the players like demi-gods?
Who´s to blame - the club owners for not controlling their financies and letting the market run out of control. Blame Chelsea, ManUre, Liverpool, Leeds, Citeh, Real Madrid etc....
As always, a few culprits will spoil it for everyone.