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EFL financial alarms increasingly shrill

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English Football league chairman, Rick Parry, spoke to the BBC yesterday and continued his tirade against unsustainable finances among EFL clubs.

“Why can we not have community owned, sustainable clubs? That goes for all the structural issues that I have been telling anybody who will listen, and most people who won’t listen, for the past x number of months, from the select committee onwards.

“The Championship is a financial nonsense. We’ve got clubs spending 107% of their income on wages, we’ve got the major distortion of parachute payments, we’ve got £400m of owner-funding required – £16m per Championship club. There are owners gambling on getting into the Premier League, it’s unsustainable.

“We need to make our clubs sustainable – we shouldn’t be relying on random foreign owners.”

These concerns surfaced after Wigan’s Hong Kong-based owners put the club into administration last week, a move that took place without delayed payments to HMRC and other creditors that usually proceeds administration.

Parry is at the forefront of this issue. His concern peaked because Wigan’s owners were able to flush the club into administration without concern for personal consequences.  Even the inevitable hit to their shareholder value did not seem to register.  Where Wigan’s owners went, others could feel permitted to follow.

£16m is a lot of money for each of their Championship’s 24 clubs to find and that’s only dealing with existing liabilities, not those clubs are contracted to for years to come.  The Championship’s only options are to find investors with appetite to splurge lots of spare cash on them, convince the Premiership to unilaterally do likewise, or see the travails of Wigan play out across the division.

If Parry’s increasingly shrill alarms are anything to do by, the English football bubble may finally be close to bursting.  Sleeping so close to an elephant has been a drag on Celtic in particular and Scottish football in general.  We have waited on what Brian Quinn referred to as the ‘pack ice’ to break up for decades.  The time may finally have come.

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  1. HOT SMOKED on 9TH JULY 2020 3:08 PM

     

    Scaniel from earlier

     

    ` single records: 6/8d each or three for a pound.`

     

     

    Was that a Barras` style sales pitch?

     

     

    I had to think for a while before concluding that 3 X 6/8d really is/was a pound !

     

    **************

     

    Always remembered that 3 singles cost a pound, at least in Rothesay they did. My first wage as a message boy was 30 bob – 10 shillings to my maw and a pound, or 3 singles to maself. Where Philbhoy picked them up for half a crown, heaven knows. Maybe he got them at the Barras :))

  2. Always remembered that 3 singles cost a pound, at least in Rothesay they did. My first wage as a message boy was 30 bob – 10 shillings to my maw and a pound, or 3 singles to maself. Where Philbhoy picked them up for half a crown, heaven knows. Maybe he got them at the Barras :))

     

    At the Barras I’m surprised they weren’t 40 quid !

  3. Rock Tree Bhoy on

    HOT SMOKED on 9TH JULY 2020 3:03 PM

     

     

    Finally, maybe my favourite Stones` single:

     

     

    _____________________________________________

     

     

    Years later Mick openly admitted copying James Brown’s stage style, when you watch that video of ‘its all over now’, yeah – that could easily be James Brown dancing away there,

     

     

    suspect that most Stones fans at the time had no idea who James Brown was, I certainly didn’t.

     

     

    Brian Jones – I’ve always thought that a) he was murdered and b) the Stones couldn’t care less,

     

     

    Mick – the show must go on – why don’t I wear a dress and we can release thousand of butterflies into the crowd as a sign of our love for Brian . I right Mick.

  4. bournesouprecipe on 9th July 2020 5:27 pm

     

     

    Free…………….. Alright Now

     

     

    ————————————————————————————–

     

     

    My all time favourite song. I think Paul Rogers was only 16 when they released it. I could be wrong but what a vocal.

     

     

    KEEP THE FAITH

     

     

    KEEP THE FAITH

  5. Good evening bhoys and Ghirls 50k ST sold.

     

     

    Wow in this climate that’s amazing👏🙏👏🙏👏

     

     

    D. :)

  6. TONYROME on 9TH JULY 2020 6:03 PM

     

    bournesouprecipe on 9th July 2020 5:27 pm

     

     

    Free…………….. Alright Now

     

     

    ————————————————————————————–

     

     

    My all time favourite song. I think Paul Rogers was only 16 when they released it. I could be wrong but what a vocal.

     

    ___________

     

    Brilliant band and song. I think Paul would have been in his 20s then, but Andy Fraser was still a teenager (I think). A band and singer that have stood the test of time. There was a great programme a few weeks ago about Paul. Might have been on Sky Arts.

  7. DAVID66 on 9TH JULY 2020 6:09 PM

     

    Good evening bhoys and Ghirls 50k ST sold.

     

     

    Wow in this climate that’s amazing👏🙏👏🙏👏

     

     

    ___

     

     

     

    Not confirmed, is it? I’ve also seen 45k rumoured.

  8. CaddingtonCommon on

    First record

     

     

    Venus in Blue Jeans Mark Wynter 1962

     

     

    Hail Hail

  9. Timaloy29 – turned on radio and heard Clyde say 50K sold. Lenny had just finished talking so I presumed he said something. Maybe wrongly.

     

     

    Listen to this Hun greeting faced Bassa on Radio Clyde

     

     

    😂😂😂

     

     

    D. :)

  10. TravellerBhoy: condolences on your loss.

     

     

    Ar dheis láimh Dhé go raibh anam d’athar.

  11. Duncan on clyde should be filed in the dictionary as the definition for delusional.

     

     

    ————————————

     

     

     

    duncan would you still be saying null and void if rangers had been top of the league ?

     

     

    aye i would have,

     

     

    duncan admit it you wouldnt, you just want null and void so celtic didnt win the league

     

     

    aye, well, in ma heid they didny win the league, and thats all that matters, in my heid.

  12. Good to see travellerbhoy posting ,but also sad to read the content …

     

    Condolence to you and the family ..

     

    Keep safe

  13. Harry Brady TrophyTrophyTrophyTrophyTrophyTrophyTrophyTrophyTrophy Retweeted

     

    cujuart

     

    @cujuart

     

    ·

     

    Jul 8

     

    Was wondering if anyone could help me out. Trying to find the font used for “Celtic FC” on the stained glass window found at the old entrance at Celtic Park. Looked online but no luck. Does anyone know or know of anyone who does? Trying to find it for a project I’m working on.

     

     

    https://pbs.twimg.com/media/Ecav6AtWAAA6wrG?format=jpg&name=900×900

  14. Just back from Mass where we had a visiting Priest – Father Paul Denny of Motherwell diocese. Didn’t have a chance to speak so don’t know what parish he’s from- does wee Nicola know he’s down south.

  15. Traveller Bhoy

     

     

    Sorry to read of the loss of your Dad

     

    Condolences to one and all

     

    RIP

  16. May your Dad Rest In Peace

     

    Travellerbhoy

     

     

    Can I say, I have never bought a record in my life

     

     

    One other point on Season ticket sales, corporate sales have until next week 17th to renew, so still to grow on existing numbers I would think

     

     

    Hail Hail

  17. Jinkyredstar on

    St Stivs – thank you for posing the tribute to Johnny- a close friend to me and a great great guy, to be in his company was sheer joy. My thoughts are with his friends and family.

  18. JINKYREDSTAR on 9TH JULY 2020 8:35 PM

     

     

    St Stivs – thank you for posing the tribute to Johnny- a close friend to me and a great great guy, to be in his company was sheer joy. My thoughts are with his friends and family.

     

     

    ==========

     

     

    aye, i know, no thanks needed.

  19. Saint stubs

     

    If you search “how can I identify a font from an image” you will get a few web sites where you can do it

  20. Neustadt-Braw

     

     

    Been reading back over the last couple of blogs. I’m absolutely delighted for you over your good news. Keep safe and keep posting. Always enjoy your posts.

     

     

    Smiley very braw thing. :-))

  21. stubs, stibs, snubs, snibs,

     

     

    lets call the whole thing off,

     

     

    saint stives

  22. In a weird claim for a world record, I think I have had the most “predictive text wrong spellings of a name”

     

     

    overtaken handsome hun

  23. blantyretim is praying for the Knox family on

    Nothing to do with PL but Utd penalty was a fecking joke

  24. Never a penalty imo BT. If anything, it should have been a free kick to the defender.

     

    HH

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