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Not wanting to quote Hunterhoop's post (and clog up the thread) but you can see what he means about assets if you remember Chris Wright's time as Chairman. OK he was "just" a multi-millionaire rather than a billionaire, but money went a bit further in football then.
I for one assumed he had the cash to buy e.g. Mike Sheron, what with him having "a personal fortune" of £X million, but what that really meant was that he owned Chrysalis Records, and to stay rich he had to keep on owning Chrysalis Records. He could find millions because banks would lend that to him on the security of his shareholdings, but eventually he wanted that money back to pay them
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Bristol City (bang in trouble) on 18:12 - Dec 30 with 3197 views
Well this is also the thing, we admire wealthy owners for their hard work, creativity, and innovation when really they are just manipulating a system ripe for manipulation that we could ALL do with the right amount of £ in the bank from inheritance or good fortune, contacts, financial environment, and ruthlessness.
This is especially true of football which is more volatile than most.
[Post edited 30 Dec 2021 18:35]
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Bristol City (bang in trouble) on 23:47 - Dec 30 with 2970 views
It is possible he did have the readies available to buy Sheron, but being an egotistical, self indulged type, why use your own money when you can lump it on the back of the club? Was the loan on the security of his shareholdings actually lent on our ground? Who took the risk? Why, oh why, oh why etc etc
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Bristol City (bang in trouble) on 11:22 - Dec 31 with 2562 views
I wouldn't say a wage cap punishes anyone. Imagine if your local council discovered an oil well in your area and they made enough profit that everyone's council tax dropped to a nominal amount of £1 a month. But then a few years later they realise that the amount of oil there was a lot less than they thought, and it's about to run out. So they return everyone's council tax to what it was before. That's not a punishment. It's just the end of a very fortunate and unexpected benefit that is no longer sustainable.
If wage caps are universal then no-one gets treated unfairly. It just means that clubs who don't have wealthy investors and/or large commercial income streams can still be competitive paying wages they can afford. Meanwhile richer clubs can still make their extra funds count through transfer fees instead, which are far more likely to reach other clubs than TV money ever does.
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Bristol City (bang in trouble) on 13:17 - Dec 31 with 2461 views
What do you mean by universal? Would Accrington Stanley have the same cap as say Man City? Would it be decided by leagues? As in the Prem would have £X cap and L2 have £X cap?
Would signing on fees still be legal? Could you for example only pay Aguero £20,000 per week but a £20m signing on fee?
Would agents take up the slack in the lower wages? Would their cut get higher?
Wages are a problem, but they are an issue cause by reckless or hostile owners. As is the other issues that a wage cap wouldn’t touch I mentioned.
Like Frankie Boyle once said, it’s the bankers (owners) who did it!
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Bristol City (bang in trouble) on 14:18 - Dec 31 with 2368 views
I don't understand your logic. Maybe I misunderstood your point but I think you have it backwards. Wage caps are pro-competition. All clubs have a (relatively) level playing field when it comes to player salaries -- all clubs can spend the same on player wages. That is pro-competitive. FFP locks in the advantage of the big clubs and are totally anti-competitive.
Scum spent almost billion pounds on their squad and their annual salary bill is 300 million pounds. They owe their owner over 1.2 billion pounds. Most clubs just can't compete with that level of resources and never will be.
Of course, the Prem and FA would never agree to a salary cap. It'd make English clubs uncompetitive against the likes of Barca or PSV. So its just a pipe dream anyhow
I am wondering about the MLB "Competitive Balance Tax" as an option and if some form of that may work in football. Basically, how I read it, the CBT of each player is calculated at the end of the season and on wages as opposed to other financial transactions. MLB, like football, has no limits on salaries, etc.
Not too sure how it would work if employed in the UK but not in Europe. From what I can see, it should not effect salaries, but would hit the pocket of an owner who wanted to spend that extra amount. How this would be calculated, and there is an assumption of different CBTs for each division, would be something a collective bargaining mechanism would need to work out. Anyway, just a thought.
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Bristol City (bang in trouble) on 22:34 - Dec 31 with 1925 views
I might need to retire from the board; I posted something political that Baz, LBlock, Berks, Cider and Nix all up voted. Can’t do better than that. I’m in the wrong job.
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Bristol City (bang in trouble) on 23:05 - Dec 31 with 1864 views
The way I would do it would be to have a fixed starting salary for each division. Signing on fee and bonuses and clauses all identical within each division. Then each year a standard payrise scheme so that every player's wages goes up by a certain amount for each season spent at the same club. If he then signs for another club his wages go back to the beginning for the division that his new club plays in. If a club moves up or down a division the wages adjust automatically to fit the scheme of the new division. A player will receive percentages of transfer fees just as players do today, but wages will always be determined by a set of rules based on division and length of time playing for the current club. And no, there'll be no signing on fees and if HMRC discover any other payments from the club (and they would because they're not going to be casual about footballers' incomes) to the player in attempt to get around it, this should be reported to the FA who would have a set of punishments to apply.
I know why this or anything like it would ever be implemented, and sadly that means that no matter how effective a system for limiting wages someone conceives of, the big clubs who can always afford to pay what others can't to get the most in-demand players will always be favoured by the powers that be while other clubs drive themselves to the wall just to be competitive.
I see an element of irony that while we all know how misleading it is when the media (and plenty of fans) talk about transfer fees as the only money that gets spent on players, with the ridiculous concept of a total spend each window, which actually consists of the same money moving between multiple clubs over a chain of transfer sales, counted several times towards the total spend, football would actually be a lot more sustainable if transfer fees really were where the big clubs actually put their financial advantage. Players could still earn a big bonus by taking a cut every time a club pays silly money for him, while every club has a very easy to predict wage bill that is sustainable while still allowing everyone to be competitive in their respective divisions.
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