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Cost of Promotion

So the Gaurdian are reporting that teams promoted to the Premier League will have to pay 8 million to cover cost of debts.
The debts are to cover losses over the lockdown period.

What the actual F if this is true.
https://www.theguardian.com/football/2020/jul/01/premier-leagues-promoted-clubs-debts?CMP=share_btn_tw

Personally they should charge the relegated teams and give them no parachute payments for loss of Football.

posted on 2/7/20

comment by BATTYWACK (U2254)
posted 2 minutes ago
comment by Ole-Dirty-Baztard (U19119)
posted 6 minutes ago
I’m sure the 100m in tv rights you’ll get will offset this. Non story.
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Yeah but lets be honest 100mill doesn't get you very far these days.
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Depends how you use it. Fulham didn't use it well.

posted on 2/7/20

comment by CurrentlyStuckIntheUK (U11181)
posted 3 minutes ago
comment by BATTYWACK (U2254)
posted 2 minutes ago
comment by Ole-Dirty-Baztard (U19119)
posted 6 minutes ago
I’m sure the 100m in tv rights you’ll get will offset this. Non story.
----------------------------------------------------------------------
Yeah but lets be honest 100mill doesn't get you very far these days.
----------------------------------------------------------------------
Depends how you use it. Fulham didn't use it well.
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Neither Villa. Our problem is most of our money is already spent on loans.

posted on 2/7/20

comment by BATTYWACK (U2254)
posted 48 minutes ago
comment by Ole-Dirty-Baztard (U19119)
posted 6 minutes ago
I’m sure the 100m in tv rights you’ll get will offset this. Non story.
----------------------------------------------------------------------
Yeah but lets be honest 100mill doesn't get you very far these days.
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Post covid-19 with clubs struggling to stay afloat it could get you a lot more than previous years

posted on 2/7/20

comment by BATTYWACK (U2254)
posted 51 minutes ago
comment by Ole-Dirty-Baztard (U19119)
posted 6 minutes ago
I’m sure the 100m in tv rights you’ll get will offset this. Non story.
----------------------------------------------------------------------
Yeah but lets be honest 100mill doesn't get you very far these days.
----------------------------------------------------------------------
Not in the idiotic money world of the premier, but it’s still100m. It’s a lot of money.

posted on 2/7/20

Does anyone think we might get a takeover bid ONCE the fans are allowed back in the grounds. Great support and huge fan base. Or are we in too much doo doo financially, who knows the bottom line?
Major success only comes with mega backing.

posted on 2/7/20

Comment Deleted by Site Moderator

posted on 2/7/20

Our 100m is not far from being already spent just to acquire the side we have now

comment by Jaz63 (U8369)

posted on 2/7/20

PL are utter khants.

posted on 2/7/20

comment by Cal Neva (U11544)
posted 4 hours, 4 minutes ago
comment by Penshawdave (U1894)
posted 2 minutes ago
Does anyone think we might get a takeover bid ONCE the fans are allowed back in the grounds. Great support and huge fan base. Or are we in too much doo doo financially, who knows the bottom line?
Major success only comes with mega backing.
----------------------------------------------------------------------
If I were Radz and had taken the gamble of buying and running a club I would want to stick around and enjoy the fruits of one's labour. If we go up the revenues will sky rocket once we get past the virus .
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But alternatively if we get relegated first season he will get less money for us. If we go up and he gets big money offers then he will take it,.

comment by Stoopo (U4707)

posted on 2/7/20

comment by Kebablegs (U17699)
posted 4 hours, 4 minutes ago
Our 100m is not far from being already spent just to acquire the side we have now
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That’s just TV Money though. Other things will Add to the pot. We can become massive if we get our act together. Just look at the Crowdie situation. How many teams can boast that?

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