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25% => The Boardroom => Topic started by: The Artist Formerly Known as Audrey on Friday, December 4, 2020, 07:44:49



Title: £375k bailout - what shall we spend it on?
Post by: The Artist Formerly Known as Audrey on Friday, December 4, 2020, 07:44:49
Jockey fees


Title: Re: £375k bailout - what shall we spend it on?
Post by: Quagmire on Friday, December 4, 2020, 07:53:44
A bar in The Town End.


Title: Re: £375k bailout - what shall we spend it on?
Post by: Batch on Friday, December 4, 2020, 08:09:49
LED t-shirts for season ticket holders that display our loyalty points, thus proving our superior status.


Title: Re: £375k bailout - what shall we spend it on?
Post by: Costanza on Friday, December 4, 2020, 08:15:11
Milan Misun or magic beans.

Whichever is easier to locate.


Title: Re: £375k bailout - what shall we spend it on?
Post by: Trashbat? on Friday, December 4, 2020, 08:17:57
Jason Drysdale


Title: Re: £375k bailout - what shall we spend it on?
Post by: Matchworn Shirts on Friday, December 4, 2020, 08:28:13
37,500 Tom Broadbent mugs


Title: Re: £375k bailout - what shall we spend it on?
Post by: tans on Friday, December 4, 2020, 08:56:34
I presume there are stipulations as to what you can and cant spend it on.


Title: Re: £375k bailout - what shall we spend it on?
Post by: jayohaitchenn on Friday, December 4, 2020, 09:30:31
It's probably already been spent on running costs


Title: Re: £375k bailout - what shall we spend it on?
Post by: pauld on Friday, December 4, 2020, 09:45:59
I presume there are stipulations as to what you can and cant spend it on.
There certainly is for the "monitored grant" element if we apply for that. And if you're deemed to have not spent it properly, you have to repay it!

Worth pointing out as well it's more than £375k. That's just the base line, everyone will get more than that, the £375k is the first £15m divvied out to everyone in L1 and L2. There's a further £15m to be allocated on attendances, so we should also get a decent chunk of that too, whereas, say, Salford and Forest Green will get considerably less. Ipswich, Sunderland and Pompey will get considerably more than we do, but I'd have thought we will be at the top end of that second distribution


Title: Re: £375k bailout - what shall we spend it on?
Post by: 4D on Friday, December 4, 2020, 10:06:23
Scratch cards.


Title: Re: £375k bailout - what shall we spend it on?
Post by: pauld on Friday, December 4, 2020, 10:32:22
Scratch cards.
:D


Title: Re: £375k bailout - what shall we spend it on?
Post by: 02hodgsol on Friday, December 4, 2020, 10:37:56
I think I read somewhere that you wont receive it if money is spent by your club in January transfer window (other than free transfers)


Title: Re: £375k bailout - what shall we spend it on?
Post by: Boeta on Friday, December 4, 2020, 10:40:46
I think I read somewhere that you wont receive it if money is spent by your club in January transfer window (other than free transfers)

Clubs will get round that with loans with option/obligation to buy in the summer though?


Title: Re: £375k bailout - what shall we spend it on?
Post by: Kinky Tom on Friday, December 4, 2020, 10:43:55
Taking this as a serious question, you have to assume that Palmer and Twine are coming back in 4 weeks so that hopefully that helps us out, with injured players (please football gods) coming back we should see us OK squad wise, in the main. 

We simply have to address the GK situation, Fryer's presumably small wage can go towards somebody who is fit for purpose. 

Is Sheridan going to try to go 442 as he seems to have favoured in his career?  If so we need to think about sending one or two loanees back to accommodate space to get players more suited to the system.  Think it probably requires too many changes to achieve that in reality. 

Probably send back Stevens either way if we can, maybe move Payne out wide and put Twine in at 10 and hope he looks like scoring a few from there. 

I've got quite a lot of time for Hope but perhaps we should see if anyone is in a position to take him, moving Pitman on is out of the question you'd imagine.  Use that wage to get a CF on loan taking Steven's place and hope that gets us through to the end of the season.  If that can somehow turn out to be Grigg then we have a chance.

Don't think we should be using the money to do anything over the top with which will have the fb mob asking where the money has gone of course.

Mostly we need to get through the next 4 weeks in roughly the same position as we are now, that looks difficult as it stands unfortunately, at least we have a 'wildcard' back in DJ who can do things most L1 players can't and make something out of nothing.  If Conroy is definitely fit to come back into the action then all the better, we can't rush him back though.

TL;DR - suck it and see.


Title: Re: £375k bailout - what shall we spend it on?
Post by: Peter Venkman on Friday, December 4, 2020, 10:50:45
I think you are spot on KT.


Title: Re: £375k bailout - what shall we spend it on?
Post by: The Artist Formerly Known as Audrey on Friday, December 4, 2020, 12:28:16
I think I read somewhere that you wont receive it if money is spent by your club in January transfer window (other than free transfers)
Here are the restrictions

‘However, should teams in the lower two divisions apply for the grants, they will be hit by a host of strict spending limits.

As part of the deal, those clubs will not allowed to spend any money on transfers in the upcoming window.

Even next season, League One clubs are forbidden from spending more than £20,000 in transfer fees in the two windows.

League Two clubs have their transfer limit capped at a meagre £10,000.

Even then, clubs will only be allowed to sign a player on a free under certain strict conditions.

A club can only bring in a new player if another one leaves AND if the incoming star earns 75 per cent or less of the departing player's salary.’


Title: Re: £375k bailout - what shall we spend it on?
Post by: pauld on Friday, December 4, 2020, 12:30:03
Here are the restrictions

‘However, should teams in the lower two divisions apply for the grants, they will be hit by a host of strict spending limits.

As part of the deal, those clubs will not allowed to spend any money on transfers in the upcoming window.

Even next season, League One clubs are forbidden from spending more than £20,000 in transfer fees in the two windows.

League Two clubs have their transfer limit capped at a meagre £10,000.

Even then, clubs will only be allowed to sign a player on a free under certain strict conditions.

A club can only bring in a new player if another one leaves AND if the incoming star earns 75 per cent or less of the departing player's salary.’
I think that's the "monitored grants" that you have to apply for, though, not the base £375k which everyone gets or the second bit that's based on lost gate revenues


Title: Re: £375k bailout - what shall we spend it on?
Post by: The Artist Formerly Known as Audrey on Friday, December 4, 2020, 12:37:33
Yeah, that’s right. £15m is being dished out now - £375,000 for L1 clubs. There is another £15m to be dished out depending on each club’s lost gate income.

The remaining £20m will have those restrictions placed on clubs who apply for a slice.

Imagine binning players and then having to pay their replacements 25% less. Any successful club now will have to depend on an astute manager and coaching ability. I have no problem with this approach but I’d imagine Sunderland will be fuming.


Title: Re: £375k bailout - what shall we spend it on?
Post by: Nemo on Friday, December 4, 2020, 12:50:56
Imagine binning players and then having to pay their replacements 25% less. Any successful club now will have to depend on an astute manager and coaching ability. I have no problem with this approach but I’d imagine Sunderland will be fuming.

I kind of imagine Sunderland might do better out of it tbh - their departing players are likely to be on Champo wages. If they release Will Grigg and his supposed 12k a week wages, they still have 9k a week to spend on a replacement which feels pretty generous.

Newly promoted sides like us might be in a tougher spot - having 75% of a L2 wage as all we can offer in L1?


Title: Re: £375k bailout - what shall we spend it on?
Post by: DiV on Friday, December 4, 2020, 12:52:42
Charlie Austin on loan.


Title: Re: £375k bailout - what shall we spend it on?
Post by: The Artist Formerly Known as Audrey on Friday, December 4, 2020, 12:55:32
Not really. Whoever they bin and whoever they bring in, they are still subject to the £2.5m salary cap.


Title: Re: £375k bailout - what shall we spend it on?
Post by: suttonred on Friday, December 4, 2020, 13:05:21
1.8 million cans of Ace


Title: Re: £375k bailout - what shall we spend it on?
Post by: Power to people on Friday, December 4, 2020, 13:56:43
This is not free money, the club has been without a proper income since last march, so you would hope the first £375,000 to go on debts that have likely stacked up, who knows if we are up together on PAYE, likely not, probably behind on payments.

You would imaging corporate sponsorship levels are down also so that is also a loss.

I'm sure the FL will be watching very closely, and clubs make also have to show where the money goes you would hope.


Title: Re: £375k bailout - what shall we spend it on?
Post by: Ginginho on Friday, December 4, 2020, 14:04:28
I'd like a Monorail to go round the stadium.


Title: Re: £375k bailout - what shall we spend it on?
Post by: DiV on Friday, December 4, 2020, 14:05:27
I'd like a Monorail to go round the stadium.

I hear those things are awfully loud.


Title: Re: £375k bailout - what shall we spend it on?
Post by: Peter Venkman on Friday, December 4, 2020, 14:08:40
I'd like a Monorail to go round the stadium.
(https://i.postimg.cc/P5BFcjDB/Springfield-Monorail.jpg)


Title: Re: £375k bailout - what shall we spend it on?
Post by: pauld on Friday, December 4, 2020, 14:10:37
Imagine binning players and then having to pay their replacements 25% less. Any successful club now will have to depend on an astute manager and coaching ability. I have no problem with this approach but I’d imagine Sunderland will be fuming.
But that restriction only applies if you're applying for part of the £20m monitored grant, which has been held back as last ditch funding to stop clubs going bust. If Sunderland (or any club) feel that not being able to spunk a shit load of cash on players' wages is too onerous a restriction then they don't need to apply for that funding. Which will leave more for clubs in genuine danger of going out of business. Seems reasonable to me


Title: Re: £375k bailout - what shall we spend it on?
Post by: Flashheart on Friday, December 4, 2020, 14:26:42
You'd think we'd be applying for it. Unless we get suitably cashed-up new owners soon-ish.


Title: Re: £375k bailout - what shall we spend it on?
Post by: The Artist Formerly Known as Audrey on Friday, December 4, 2020, 14:30:08
Don’t think any club can fork out the ‘Grigg’ type of wages any more in L1/2 - even if they can afford to.

Dumbing down is going to prevent those ‘big’ clubs already among us from buying their way out - and every season when Championship clubs coming down will have players exempt from the salary cap is going to make it harder and harder.


Title: Re: £375k bailout - what shall we spend it on?
Post by: BambooToTheFuture on Friday, December 4, 2020, 15:10:23
75,000 Begging Buckets :irony:

You know, just in case.

Or spend it on 2500 rolls of 100m x 1.5m Tifo fabric and go fully in-house on flegg production. Thus ever negating the need for Great Western Reds  :soapy tit wank:
http://www.tifo.it/unstitched-fabric.html

On another note, I noticed that when Town signed Tyler Smith he is holding aloft a GWR branded scarf and not an official one. Maybe this loan was funded by Clem? :hmmm:

#Conspiracy #WhereHasAllTheMoneyGone


Title: Re: £375k bailout - what shall we spend it on?
Post by: 4D on Friday, December 4, 2020, 15:15:11
A quid for every sentence posted by Bamboo?  :)


Title: Re: £375k bailout - what shall we spend it on?
Post by: BambooToTheFuture on Friday, December 4, 2020, 15:26:25
A quid for every sentence posted by Bamboo?  :)

 :Ride On Fatbury's Lovestick:

Spat my afternoon glass of Chocolate Milk Stout out.

But if I'm being paid the "quid per sentence"...I'll. Fill. Me. Boots  :D

Edit: More sentences.


Title: Re: £375k bailout - what shall we spend it on?
Post by: Panda Paws on Friday, December 4, 2020, 15:29:46
The restrictions on the extra funding make complete sense. One of the most sensible things I've heard from the EFL in a long time.


Title: Re: £375k bailout - what shall we spend it on?
Post by: pauld on Friday, December 4, 2020, 15:44:38
The restrictions on the extra funding make complete sense. One of the most sensible things I've heard from the EFL in a long time.
Indeed, although TBF it's not a high bar :)