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General Palace Discussion General Palace talk - please keep transfer talk in the transfer forum.

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  #21  
Old 22-03-2020, 02:10 PM
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Although their wages are offensive, it's Sky that pays them, the club is really just a conduit, with online gambling huge around the globe and satellite/internet pervasive I don't think it will collapse in the long run. That said the players whose contracts are up in June will be very worried they won't be able to add to their fortunes.
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  #22  
Old 22-03-2020, 03:32 PM
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Originally Posted by Stinger1 View Post
The bubble hasn’t burst. Most of the Premier League’s TV deals are locked in for the next few years. There doesn’t seem to be a clause that failure to deliver x amount of matches means a reduction in TV revenue. The Premier League is by far in the best shape to weather this storm and will likely come out much better than the other leagues and be able to pay even more money than before as La Liga, Bundesliga and Serie A teams a struggle to hold onto their best players.
The TV companies get their money from us and adverts if we have no money to pay to view then the advertising costs go down they can not afford to pay the contract it could be let them go bust and get 1p in the pound or except a cut price deal, only the very big clubs will be able to take the hit. This is a game changing event for all of football.
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  #23  
Old 22-03-2020, 04:15 PM
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Originally Posted by bubbs11 View Post
This event has the potential to change the landscape of everything beforehand and the Premier League will be no exception. I just wonder what happens if the world falls into a depression and there is real hardship throughout society; where will be the appetite among the public to follow and support footballers earning over 100k a week?

The extortionate sums in the game have been the elephant in the room for years now, but people have chosen to ignore it and buy into the ride. These next few months might fundamentally change peoples perspective on life and how unfairly money has been distributed within our society.

In saying all that, i wouldn't be surprised to see things just go back to normal; those with the power, continue to reap the rewards of their ill gotten gains, and we accept the scraps that are thrown our way and made to feel appreciative for it. Pretty much like after the banking crisis but on a bigger scale.
Exactly this.
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  #24  
Old 23-03-2020, 10:21 AM
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Originally Posted by grand aigle View Post
You obviously dont know how players are paid, they are not on PAYE like most people, they pay very little tax in comparison to salary!
That's just hugely incorrect. All player salary is PAYEd at source just iike the majority of us. They pay huge amounts of tax.

The only exception is when you get image rights and that sort of stuff which is the one way around tax - but HMRC have made sure that that doesn't happen to any great extent any more.
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  #25  
Old 23-03-2020, 10:43 AM
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Originally Posted by grand aigle View Post
You obviously dont know how players are paid, they are not on PAYE like most people, they pay very little tax in comparison to salary!
Bang on the Money ^^^
Most set up offshore companies that their wages are paid into and pay themselves dividends, or whatever. I would guess most Premiership players pay comparable tax to you and I, or less.

I would also guess, but don't know, that insurers would also have to contribute or pay players wages. I am sure that's how it works when they are injured.
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  #26  
Old 23-03-2020, 11:19 AM
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If by some miracle all the games are played in June will players be given bonuses for missing their normal holiday at that time of the year. But seriously, there are more important things than players being paid at the moment.
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  #27  
Old 23-03-2020, 11:53 AM
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Originally Posted by foresthillbilly View Post
Bang on the Money ^^^
Most set up offshore companies that their wages are paid into and pay themselves dividends, or whatever. I would guess most Premiership players pay comparable tax to you and I, or less.

I would also guess, but don't know, that insurers would also have to contribute or pay players wages. I am sure that's how it works when they are injured.
They really don't get paid this way. They pay loads of tax and obviously in the higher rates.

Remember a few years back Pape Souare got into a mess tax wise as due to a cock up at the club they hadn't been paying his Tax and NI for months.
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  #28  
Old 23-03-2020, 12:00 PM
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Originally Posted by Salad_Burnet View Post
Sorry to be the one to ask this question, but the elephant in the room needs to be addressed.

Let's face it, they'll be no more football this year, and one or other of this or next season will surely be dropped. I'm quite convinced of this. Players commit to years, not seasons, and whether it's this season that gets jettisoned or the next one, they will want their money. I don't expect the government's 80% security on wages to cover premiership footballers, so what exactly is plan B? We all know that plan A is to fulfil this and next season, but we also know that this ain't gonna happen.

There needs to be some sort of arbitration, people need to be sitting down and thrashing out a compromise. There's a lot of talk about the premiership subsidising the lower leagues who are more reliant on gate receipts. That's going to add more strain on premiership clubs for whom most of their income goes straight onto players' wages.

Players' wages is central to the short-term survival of the game. It needs to be put onto the agenda.
Why should the governments salary scheme not apply to football clubs?

it is 80% but up to a limit of £2,500 per month. Might be essential for those employed by football clubs to keep their jobs.
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  #29  
Old 23-03-2020, 12:23 PM
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Originally Posted by GreatGonzo View Post
Why should the governments salary scheme not apply to football clubs?

it is 80% but up to a limit of £2,500 per month. Might be essential for those employed by football clubs to keep their jobs.
Now that would be interesting. “Christian the government are helping us keep you employed. Here is your 2 grand for this month”
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  #30  
Old 23-03-2020, 12:27 PM
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Quote:
Originally Posted by bubbs11 View Post
This event has the potential to change the landscape of everything beforehand and the Premier League will be no exception. I just wonder what happens if the world falls into a depression and there is real hardship throughout society; where will be the appetite among the public to follow and support footballers earning over 100k a week?

The extortionate sums in the game have been the elephant in the room for years now, but people have chosen to ignore it and buy into the ride. These next few months might fundamentally change peoples perspective on life and how unfairly money has been distributed within our society.

In saying all that, i wouldn't be surprised to see things just go back to normal; those with the power, continue to reap the rewards of their ill gotten gains, and we accept the scraps that are thrown our way and made to feel appreciative for it. Pretty much like after the banking crisis but on a bigger scale.
This might be counter-intuitive, but the wages footballers get paid is a victory for trade unions, who lobbied to get the salary cap in football removed. If the players didn't earn this money, the demand/money would still be the same and the profits would be hoovered up by big wigs at the top rather than the (mostly) working-class lads with the actual talent. It's of course incumbent on footballers to do good with the money that they earn and a lot of them do but let's not pretend the money would go into public services if it wasn't paid to the footballers.
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  #31  
Old 23-03-2020, 01:00 PM
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Quote:
Originally Posted by MasterYoda View Post
They really don't get paid this way. They pay loads of tax and obviously in the higher rates.

Remember a few years back Pape Souare got into a mess tax wise as due to a cock up at the club they hadn't been paying his Tax and NI for months.
I am willing to be corrected. I just remember an article about Wayne Rooney 10 years ago, about him setting up an off-shore company, because all Premiership players were doing it.
An accountant will always save you more money than their fees.
Which is why I am sceptical of footballers Tax affairs (Harry Redknapp being another example), particularly when Zaha can own 50 London properties.
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  #32  
Old 23-03-2020, 01:15 PM
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Quote:
Originally Posted by Golf Boy View Post
Now that would be interesting. “Christian the government are helping us keep you employed. Here is your 2 grand for this month”
The club employs a lot of coaches through a lot of age groups who currently should have no work. Its these employees of the club we should be concerned about because the club cannot save money on its biggest overheads.

The real question may or may not at some point have to be answered. If the season ends prematurely do SKY/BT Sports etc make a claim and take back some of the money flowing into the PL, if so which season does the PL make the changes to. This season where finances are already agreed or next season when they can reduce prize money and tv appearance money before the competition starts? Thats when it might impact the players as clubs have to cut their cloth to a new circumstance.
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  #33  
Old 23-03-2020, 01:18 PM
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There is a reference here to the club being run on media income and this is fundamentally true. However, there is also a per televised match fee now missing and I think we are in the group of premier clubs that also still need actual match income to balance our books. Given our wage to income ratio I would imagine that wage cuts must be a serious consideration?
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  #34  
Old 23-03-2020, 06:15 PM
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Okay. I think my point still stands. Premier footballers should be paying a large amount of their wages into the tax system.

That many of them are/were breaking the law or finding loopholes (I suspect closing) by avoiding tax doesn't change that.

That is different to them legally having different rules than the rest of us. And doesn't make me a know-nothing idiot.
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  #35  
Old 23-03-2020, 07:47 PM
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What the football authorities should do is enforce performance based wages i.e. The basic wage can only be 50% of the the potential match earnings. This would not only give the players better incentive to perform but more importantly protect the club if they dont perform/play.

Of course there would be clubs who try and find a way around it, but that would be at their own risk and more the fool them.
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  #36  
Old 23-03-2020, 07:54 PM
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Not sure why footballers wouldn't be paid... they are under contract. Are we all expecting that when this passes and we go back to work our contracted salaries will be reduced?

The salaries of footballs right now is the 'going rate' (the rates might be madness to us 'normal' folk).. The pay is driven by the revenue they generate... The vast majority of this comes from television rights.

The most recent deals are done and again contracted... So i would expect them to be paid unless the likes of BT Sport, Sky, Facebook, Amazon go bust!

What will be interesting to see is what the value of the next set of contracts will be. It is possible during what looks like a recession coming how any people cancel luxuries like Sky Sports / BT etc...

Values of the contracts have historically gone up... Even Sky couldn't afford them on their own... hence the inclusion of BT Sport etc.

Don't forget the contracts around the world like NBC sport in the US etc etc

Now say Sky decided it wasn't interested who other 'actors' could step into the frame... Amazon. Netflix, Facebook etc? All with deep pockets and all who have a benefit of drawing more consumers into their 'ecosystems'

Failing that the clubs will still have players under contract and perhaps not enough revenue coming in to pay them. I cant see players agents then arguing for wage cuts.

What I can see is big clubs arguing for a great share in the TV income... or even to step out of the TV rights deals and have their own channels they can monetise... Man Utd, Liverpool etc could earn a fortune with the size of their fan bases... .

Palace in any situation will be screwed.. Yes there might be some kinda of normalisation that goes on... if and when this does happen will also be to the detriment to us as Palace fans and the club!

Careful what you wish for! The greed league will have the greediest clubs getting greedier!
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  #37  
Old 23-03-2020, 08:02 PM
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After this is done there should be a limit of 10K a week put on new contracts. If the best players go abroad then they go abroad.
I share your sentiments, but this might make it difficult to sign players. Anyone any good will go where the money is. Been difficult (if not impossible) to sign quality players in the last (4?) transfer windows. This would put a nail in the coffin!
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  #38  
Old 24-03-2020, 04:14 AM
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The American owners have cut the pay of the NBA and NHL teams they own
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  #39  
Old 24-03-2020, 04:19 AM
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A swiss team sacked nine players for not taking a pay cut.
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Old 24-03-2020, 07:17 AM
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Originally Posted by jmemour View Post
This might be counter-intuitive, but the wages footballers get paid is a victory for trade unions, who lobbied to get the salary cap in football removed. If the players didn't earn this money, the demand/money would still be the same and the profits would be hoovered up by big wigs at the top rather than the (mostly) working-class lads with the actual talent. It's of course incumbent on footballers to do good with the money that they earn and a lot of them do but let's not pretend the money would go into public services if it wasn't paid to the footballers.
The major part missing from your post is fans and clubs. A trade union that is too powerful ends up being counter-productive, as proved many times in the past. It was sickening watching that defender at Portsmouth (i forget his name) on silly money draining them out of any money they had left and letting them die.

Players have most of the power these days and the fans, who effectively pay their wages, have none.
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