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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. Yeah Fess19 Big Bobby-M could put the ball onto a sixpence & Big Jock knew the game

     

    in-side-out & where the best positions to utilize the playing squad that was certainly

     

    for sure

  2. !!Bada Bing!! on

    T29- if you go to the website, look at new jersey,you can add a player and number, Eddy is 22,if you bought one and it was changed to 7,you wouldn’t be too happy

  3. Timaloy29

     

    According to CeltsAreHere site …

     

    In the image, it shows Edouard and the famous number seven side by side. We have checked and triple checked and we can confirm this is NOT the case and his number 22 is still there.

  4. Delaneys Dunky on

    Dallas

     

    Hope you are well J. Remember when our hearts were broken in 1975. For the first time in my life, Celtic failed to win the league. 2021 is going to make up for those tears 45 years ago. Here we go 10 in a row.

  5. Give Ibrahimovic the Number 7 when he signs…

     

     

    Ahhh John McGinn. Have I told the blog my thoughts on Mr Mediocre? :)

  6. FAVOURITE UNCLE on

    Rangers to face Inter Milan or Getafe if they get past Bayer Leverkusen in Europa League

     

     

    SHIRLEY it should read “THEY PLAY EINTRACHT FRANKFURT IN THE SEMI.”

  7. Delaneys Dunky on

    Big Wavy

     

    Hopefully we are keeping the number 7 shirt for John McGinn.

     

    Fantastic player I have watched play in Clydebank since he was 10 year old.

     

    His dad who reads CQN, will be delighted if that transpires.

  8. SOUTH OF TUNIS

     

     

    You know i’m a Blues man but I thought this wee reggae choon will help cheer you up.

     

    oh we’re going to barbados song

     

     

    All the best my friend

     

     

    KINGLuBO

  9. Dallas Dallas where the heck is Dallas on

    Delaney’s , we are well thanks. I hope you all you family (including the foxes ) are keeping well. The 74/75 season we won two out of three but not the one that mattered most unfortunately. As if losing the league was nit bad enough but Big Billy retiring did not help but in our history , Cesar was and always will he our greatest Captain.

  10. Delaneys Dunky on

    Dallas

     

    All good thanks, including my wee fox family.

     

    1975 was poignant for me, in that it was the last cup final my dad took me to. He attended in 77 without me, and me in 80 without him.

     

    Glad that we witnessed Billy’s last game together.

  11. Garcia Lorca

     

     

    We must be about the same age.Some great players.The 1957 team was some team for a few months then boom, injuries etc took its toll.

  12. Delaneys Dunky on

    Dallas

     

    Incidentally, the first cup final my dad took me to was 1972 and Cesar opened the scoring. In all we attended 3 together. 72, 74 and 75. 3 victories versus Hibs, Dundee Utd and Airdrie. Remember all three occasions vividly, even though I was only 9 at the Airdrie game. Both our fathers passed their love of Celtic onto us. In similar fashion as us to our sons. Beautiful thing. 🍀💚

  13. Mediocare ?

     

     

    Celtic offered him 12k a week, Villa pays him 24k,

     

     

    7 goals in 8 games for scotland last season. Consistently played well in a poor villa team,

     

     

    aye lucky we didnt get him.

     

     

    —————————–

     

     

    Aston Villa

     

    McGinn signed a four-year contract with Aston Villa on 8 August 2018[23] despite interest from Celtic. He made his debut for Villa in a 3–2 win against Wigan Athletic on 11 August, during which he provided an assist for the opening goal and his inswinging corner forced an own goal in the second half.[24] McGinn scored his first goal in English football on 22 September, a swerving 25-yard volley in a 2–1 home defeat against Sheffield Wednesday[25] which was later named EFL Championship goal of the season.

     

     

    Despite consistent performances at his new club, which saw McGinn quickly become a new fan favourite, Villa began the season poorly, which eventually lead to the sacking of Steve Bruce as manager of the club in October 2018.[26] Brentford manager Dean Smith was appointed as the new manager,[27] and McGinn continued to be a key player in the Villa starting 11 for the new manager. The midfielder picked up his first goal under the new manager in a 3–0 win against Derby County[28] and then picked up his first brace for the club in a 3–1 win over Nottingham Forest in March 2019.[29] McGinn’s good form continued, scoring goals against Middlesbrough and Sheffield Wednesday as Villa’s form picked up heading into the final stages of the season. After picking up the club’s Players’ Player of the Season and Supporters’ Player of the Season awards [30] McGinn scored the winner in the Championship Playoff Final to promote Aston Villa to the Premier League after 3 years in the Championship.[31]

     

     

    On 8 August 2019, McGinn signed a five-year contract with the club.[32] He scored the first goal of Aston Villa’s return to the Premier League in the first game of the season, in a 3–1 away defeat to Tottenham Hotspur on 10 August 2019.[33] On 21 December 2019, McGinn suffered a fractured ankle in a 3–1 home defeat to Southampton and was expected to be out for up to three months.[34]

     

     

    International career

     

    McGinn received an international call-up when he was selected as part of a Scotland under-19 squad for a training camp in Turkey in January 2013.[35] He later went on to make his international debut for the under-19 side against Netherlands in a 2–1 defeat.[36] McGinn then captained the under-19s against Serbia in Stara Pazova.[37] On 5 March 2014, he made his debut for the Scotland under-21 side in a 2–2 draw against Hungary at Tannadice.[38] McGinn later captained the under-21 team.[39]

     

     

    McGinn received his first call-up to the senior Scotland squad in March 2016, for a friendly against Denmark.[40] McGinn played for the whole of the 1–0 win and was awarded man of the match.[41]

     

     

    McGinn scored his first goal for Scotland in September 2019, during a Euro 2020 qualification match with Russia.[42] McGinn scored the first hat-trick in his career in a Euro 2020 qualifier against San Marino on 13 October 2019, with all his goals coming in the first half.[43] Two goals against Kazakhstan meant that McGinn finished with a total of 7 goals in the Euro 2020 qualifying group.[44]

  14. RON BACARDI on 10TH JULY 2020 12:03 PM

     

    EMERALDBEE,

     

    Doubtful that queeny will still be alive in 8 years, so it will be King Charles or King William sending their best wishes.

     

     

    RON, utterly disinterested in whatever hinger-on is hinging-on at that time, but for the sake of social harmony I would prefer not to witness a new king billy astride things. The statue-defenders don’t need much encouragement to crawl out in to the daylight and by that time they will be desperate for something, anything to take their minds of what has happened to their klub over the years.

     

     

    Ave Ave

  15. I never bought a record, my Dad used to buy them for my older sisters though. First music I bought was an album Tamla Motown Volume III por cierto.

  16. KINGLUBO

     

     

    Sorry have I missed an update on SOUTH OF TUNIS or has he been on here? por cierto.

  17. Delaneys Dunky on

    Saint Stivs

     

    Great post. You recognise a great player when you see one. John McGinn comes into that category. Hope you are keeping well across the Erskine Bridge from me.

  18. SAINT STIVS on 10TH JULY 2020 2:14 PM

     

    Mediocare ?

     

     

    Celtic offered him 12k a week, Villa pays him 24k,

     

     

    ____

     

     

    Villa made a loss of £69 million the year they signed him. Do you think we should copy them?

     

     

    He’s been really poor since he came back from injury.

  19. EMERALDBEE \O/ A DOUBLE NINER!!

     

     

    Thank you, very, very sad indeed, por cierto.

  20. John McGinn would have been an excellent addition to our squad, but that’s why he didn’t come. Also Celtic would have got far more out of him, and he would have progressed more, with him playing in europe etc, he would have started a few games I believe, but I think he would have become an excellent player for us and, as usual, Southampton :) would have come a calling! por cierto

  21. Delaneys Dunky on

    Timaloy

     

    If Villa are relegated, would you take John McGinn on loan?

     

    I posted on here 12 months ago that Celtic should attempt to sign Fraser Forster on loan.

     

    I was ridiculed and laughed at by a few posters on here who are still posting today.

     

    Who’s laughing now?

  22. I must admit it has been fascinating reading tales of CQNrs and the first 45 they ever bought…

     

    But what I’m really interested is how many can remember buying their first ever 78

  23. As an old caltonian i had a look at the photo of menteith row and could not figure it out from a modern day perspective. Something was nagging away at me. Quick google and found this. it all makes sense now

     

     

    The McLennan Arch originally featured in the facade of Robert and James Adams’ Assembly Rooms on Ingram Street in the 18th century. Locals flocked to this classical building for dances, music and cultural events in the 1800s before it became a club, the Athenaeum, in 1847.After the building was demolished to make room for the post office, the arch was reconstructed as a standalone archway in Monteith Row, Calton in 1892. It was later moved to Greendyke Street, then at the North entrance of Glasgow Green in 1922, before being erected at the Saltmarket entrance in 1991 – its final home.

  24. Delaney’s Dunky

     

     

    One of Bob Monkhouses best ” people laughed when I said I was going to be a comedian, they’re not laughing now” :))) por cierto

  25. !!BADA BING!! on 10TH JULY 2020 2:22 PM

     

    Ziggy- agree ,a few issues to sort out with virtual ST

     

    __________

     

    Paying full price for a season ticket, that will be largely behind closed doors, didnt bother me. Neither did declining a refund for the games that weren’t played.

     

    This would really miss me off. It’s an ideal opportunity to give (very little) back. I’m very disappointed that they haven’t already made the offer.

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