| Hudds chairman 17:39 - Feb 12 with 6128 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/202 |  | | |  |
| Hudds chairman on 02:31 - Feb 14 with 1708 views | FredManRave |
I saw the title and thought, at last, a fan as Chairman. Then I realised his name is spelt Hud.
So near.... |  |
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| Hudds chairman on 16:17 - Feb 14 with 1502 views | PinnerPaul |
| 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. |
Not quite true, well not true at all I don't tghink.
The markets always over react - Trump, Brexit, Covid, China but generally find their 'normal' level again in time.
Even read that house prices are actually rising again. [Post edited 14 Feb 2021 16:18]
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| Hudds chairman on 19:26 - Feb 14 with 1395 views | kropotkin41 |
| Hudds chairman on 16:17 - Feb 14 by PinnerPaul |
Not quite true, well not true at all I don't tghink.
The markets always over react - Trump, Brexit, Covid, China but generally find their 'normal' level again in time.
Even read that house prices are actually rising again. [Post edited 14 Feb 2021 16:18]
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Sorry, what's not true? That GDP has shrunk by 9.9%? Or that 9 million jobs are at risk? For a start neither of those things are directly related to market indices - which are infamously poor indicators of real economy conditions especially under conditions of runaway quantitative easing.
By all means disagree, but at least make an argument that's salient. I'm not celebrating the trouble that we find ourselves in, but the trouble is real. Let's give a year or ten and when everything's coming up roses you can tell me you told me so and I'll graciously toast you with a glass of bubbly. |  |
| ‘morbid curiosity about where this is all going’ |
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| Hudds chairman on 23:28 - Feb 14 with 1319 views | LazyFan |
I am not surprised people keep saying "once the high-risk people are vaccinated it's no different from the flu". People are feeling depressed and upset and going into a stubborn mode of "I need to come out this hell as its like prison". Which is true it is like a prison.
But let's be clear flu does not give you the symptoms long term that Long Covid does. Saying its like flu does not make it magically so, especially when the evidence shows its way more complicated than that and we have already seen Long Covid is real and affects all ages.
Also, don't be surprised if there is another covid in the future. However this time the govt will have a full mandate to go into lockdown hard and fast. We know what to do this time. And few will argue against it.
What we should really do now, is double down. Actually, go harder for the next 2 weeks. Close the DIY shops. Only Uber, JustEat and so on can collect takeaways for us. No acholol sales at all anywhere. Non-essential health appointments postponed. Grass your neighbour up. Tell on your family. Proper 1984 stuff. Call Preti Patel a woke socialist. And other draconian measures. Make it feel like prison even harder. Nasty horrible, totally unfair. But only for another 2 weeks from now. With a promise that after then, we shall come out as per the next stage from here. And then we have a chance to come out of this fulltime. But even then, there is no guarantee.
I am sure that will upset people, but we shall have a hard go at it and with the cast-iron promise to change to the next stage in two weeks. So, people have a real reward to look forward too. This is whats needed. We are British we can do it. Sadly I worry this govt will have is in lockdown again sooner than I think. |  |
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| Hudds chairman on 09:58 - Feb 15 with 1191 views | dodge_stoke_r |
| Hudds chairman on 17:42 - Feb 13 by ridethewave |
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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Im mainly talking about the first lock down. When no football was played. However, personally I dont think football should be being played now. Its hardly a "key occupation" is it? |  | | |
| Hudds chairman on 10:47 - Feb 15 with 1132 views | Northernr |
| Hudds chairman on 09:58 - Feb 15 by dodge_stoke_r |
Im mainly talking about the first lock down. When no football was played. However, personally I dont think football should be being played now. Its hardly a "key occupation" is it? |
It's to do with how much they earn isn't it?
Furlough is up to £2,500 a month? Which is obviously first team players earn more than, so you furlough them on that and you breach the terms of their fixed term contract which means they can walk away from you for nothing. | | | |
| Hudds chairman on 16:34 - Feb 15 with 987 views | PinnerPaul |
| Hudds chairman on 19:26 - Feb 14 by kropotkin41 |
Sorry, what's not true? That GDP has shrunk by 9.9%? Or that 9 million jobs are at risk? For a start neither of those things are directly related to market indices - which are infamously poor indicators of real economy conditions especially under conditions of runaway quantitative easing.
By all means disagree, but at least make an argument that's salient. I'm not celebrating the trouble that we find ourselves in, but the trouble is real. Let's give a year or ten and when everything's coming up roses you can tell me you told me so and I'll graciously toast you with a glass of bubbly. |
Ok here's the salient argument.
Pension fund, lost a shed load last March, since then it has recovered more than it lost.
This is a mixed fund in terms of shares, cash, bonds, equities and not exclusive to one country/continent. | | | |
| Hudds chairman on 16:50 - Feb 15 with 969 views | kensalriser |
Krop's talking GDP, which is active wealth generation.
You're talking passive income. There's a huge difference. And without active wealth generation, passive income can't continue to rise. |  |
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| Hudds chairman on 18:08 - Feb 16 with 798 views | TGRRRSSS |
Or carry on actually - it will trickle out eventually.
Far to many seem to think we or the country in general (never mind football) can carry on with this for ever and ever. |  | | |
| Hudds chairman on 14:32 - Feb 17 with 684 views | PinnerPaul |
| Hudds chairman on 16:50 - Feb 15 by kensalriser |
Krop's talking GDP, which is active wealth generation.
You're talking passive income. There's a huge difference. And without active wealth generation, passive income can't continue to rise. |
But presume there hasn't been much 'active wealth generation' in the last 12 months yet............................? | | | |
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