Anyone else just like

Thanks for your reply, Leeds Fan for 45 years. As in football, then, so in general, in UK society. The rich elite demand state aid when the sheisse hits the fan but have short arms when it comes to doing the right thing.

Yes, the 20 mill to the NHS is not really even a very successful PR stunt if you and I can see through it; and the 125 mill to the lower leagues spread over how many clubs won't be a great deal of help for any one club. After decades of raking in the money, one would imagine the PL is sitting very pretty.

comment by Jaz63 (U8369)
posted 7 hours, 6 minutes ago
Thanks for your reply, Leeds Fan for 45 years. As in football, then, so in general, in UK society. The rich elite demand state aid when the sheisse hits the fan but have short arms when it comes to doing the right thing.

Yes, the 20 mill to the NHS is not really even a very successful PR stunt if you and I can see through it; and the 125 mill to the lower leagues spread over how many clubs won't be a great deal of help for any one club. After decades of raking in the money, one would imagine the PL is sitting very pretty.
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You don't have to convince me that we shouldn't have bailed-out the banks (if that's what you were alluding to).

I've banked with NatWest for 35 years. Business banking with them for 12 years. Excellent credit rating.

Government backs them by underwriting 80% of Coronavirus business loans and they think it's morally right to charge 11.8% interest on them given a base rate of 0.1% and little risk when small businesses like mine are going to the wall.

In comparison, their standard business loans are "only" 8.1%

Profiteering at its worst. I've alerted my MP about it I'm so angry.

It's not the first time that I've said "I'm going to ditch NatWest" but this is the first time I'm going to push through with it if I get through this crisis in one piece (not that they'll give a hoot).

Probably out of the frying pan and into the fire eh?

Just found out that as of July last year, the Premier League Ltd. had just over £1.5bn of cash in the bank.

£145m is I suppose not too shabby at around 10% of their holdings, but could try harder.

Utterly shocking but entirely predictable, unfortunately. We've really got to kick those tables over once we get to the other side of this pandemic. Hope your business can sustain the shock of this meltdown - good luck with it. The new normal will bring new opportunities? As Salonika says, somehow we've got to stay positive.

PL should put up 30% minimum for the lower league clubs then, if they've asked the players to take a 30% cut? £435m would go some distance to keeping the clubs in business and the non-playing staff on the payroll, even if reduced - so long as Taylor is prevented from having anything to do with it.

Please be reminded that the £125m going to the EFL is money ALREADY OWED to the EFL!!!!!!!!!!!

It is simply being advanced sooner than when it was due!

Its not charity, its not a donation, its not anything additional to what is owed to the EFL.

The Prem has not given anything up to the less fortunate clubs!

When one sees certain individual sportsmen, e.g,, Roger Federer donating 1 million of whatever currency, it actually makes the £20m to the NHS seem stingy!

As for the individual Prem clubs, special mention for Liverpool and Spurs here, they have been put to shame by Leeds United. Our club, with far less resources available to it, lead in the early days of this through senior management and players sacrificing so non-playing staff could continue to receive their wages.

We can hold our heads very high in the football world!

Truly Marching on Together, while others are walking alone!!!

Well said JLA - I am immensely proud of Cooper and Bielsa who've really shown true leadership and solidarity.

It’s a “sacrifice” that has to be paid back though and with Leeds losing money and now racking up debt in deferred wages, club will suffer more than clubs that had cuts not deferrals.

Accounts should have been out by now.

Jonny I thought you were championing prem charity the other day?

"It’s a “sacrifice” that has to be paid back though"

Its a deferral. They have mot given up their rights to get paid in full. At the appropriate time, I am confident all the stakeholders will re-evaluate the situation and do what's in the common best interest.

Perhaps you're missing the point? The players and senior management acted swiftly to address the imminent situation. If you want to withhold credit that's up to you. I choose to recognize and acknowledge it.

Might want to re-examine your thought process.

I believe I was simply sharing the information that they had announced what they were giving.

If I championed it, then I was wrong. See how easy that is?

Accounts have been submitted and are being processed.

https://beta.companieshouse.gov.uk/company/06233875/filing-history

Cheers Middlesex, I looked Friday but hadn't been submitted then, they're available now.

Jonny, I think I said it was good action at the time, but being a deferral, all they'rere doing is kicking the can down the road which becomes a bigger and bigger problem them have to address. It's all well and good saying different stakeholders will come to a common agreement, but that rarely in happens where football and money is involved, Leeds are potentially storing up big trouble with this.