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Parachute payments and signings..
Posted by Nick NBH on 4/8/2024, 22:51:06
Now originally parachute payments were designed to soften the blow of relegation. To stop clubs getting into financial trouble when their premier league wage bill was on championship income.
Now a lot of our squad got given new contracts last season. This presumably included a wage rise. It may have had a relegation clause - but the fact that we have kept the majority of the squad and they arent screaming to leave suggests maybe that wasnt the case. Yes we have a wage structure but i`m pretty sure we are paying a fair more than 6k a week now.
We also have financial fair play to consider. Now I sure we are well within that, and we do have money to spare, but that doesnt mean we have to spend 20 million on players.
1)Is a player available 2)Does he want to play for us or be a danny spiller type? 3)Given clubs think we have money, is the price they put on the player the same as our valuation of them? Or would we be paying over the odds?
Add in that clubs are doing their transfer business later this year - knock on of the euros..there may be clubs holding onto players until they secure replacements themselves. All factors that have probably come into it.
Yes, that's basically the theory behind parachute payments. The criticism is that they are too high and more like trampoline payments, allowing relegated clubs to retain their PL quality players and having too much of an advantage.
Quite right that most of the squad had new contracts and wages won't have dropped as low as they would have previously been in the Championship. We lost something like Ł7m three seasons ago in our last non-promotion Championship season, so need to cover that plus the additional wages which will be substantial.
That said, I expect there are funds available, but we haven't completed many deals yet probably for some of the reasons you suggest. Defence is a concern particularly due to injuries, but the window isn't closed and we haven't done any loan deals yet.
Financial fair play isn't a concern for us. It is only really relevant for clubs with rich owners who want to and can afford to throw their money (or borrowed money) at the club each year.
I wouldn't support entirely scrapping them, but think they are too high personally.
We will be using the parachute payments to our advantage - the squad has been kept together with the exception of Barkley (inevitable) and Osho and who we chose to release. Baptiste and Walters are probably on more than we would have previously paid in the Championship.
Then there's the existing losses to cover before considering the higher wages. The remainder will be a balance between the short term squad strength and longer term legacy - opinions will differ on how much weight should be given to one or the other, and how likely spending more on the former will benefit the latter.
It was a lot more than questions about where the money is. It was ludicrous accusations which could have got this board in trouble if they had been allowed to remain on here.
Irrespective of what the club say or don't say, the accusations last night were not justified. People who make those sort of accusations will make them whatever is said. One of the posters was challenged by someone asking if they would be willing to repeat them in public. Not surprisingly, they weren't prepared to do so.
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What you read on here is 100% conjecture, fiction, lies, bullshit and complete bollocks. If you want to be taken seriously, you are in the wrong place.
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