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Post by Nick the Greek/The Speshul One on Jan 22, 2021 21:48:35 GMT
We have heard from Paul Scully that he has presented the case to the relevant people in government. One overwhelming logistical argument is, that the National League clubs taking a loan is simply unburdening the Government from paying furlough to players and staff. The very minimal argument has to be that any loan should only be the difference between what the Government would have to give should National league football stop and that needed to continue playing. But then that should be the argument for any business. Furlough is to not subsidise people working. |
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Post by os on Jan 22, 2021 22:40:40 GMT
One overwhelming logistical argument is, that the National League clubs taking a loan is simply unburdening the Government from paying furlough to players and staff. The very minimal argument has to be that any loan should only be the difference between what the Government would have to give should National league football stop and that needed to continue playing. But then that should be the argument for any business. Furlough is to not subsidise people working. not quite as furlough is for people who can't work businesses that cannot run. The original Self employment scheme was not instead of work, but merely to help those who had suffered some form of loss due to the Pandemic. In a nutshell as a self employed person I was able to claim grants and work - Eg the government made up the difference. |
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Post by Amber Aleman on Jan 22, 2021 23:07:58 GMT
Jim Green, Chief Exec at Chester FC, has heard that the two loan options are dead in the water. If he's right, it's either a change of heart at DCMS or suspending the season.
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amberchoc
1st team Player
Blessed is the person who having nothing to say abstains from giving us wordy evidence of the fact.
Posts: 1,501 
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Post by amberchoc on Jan 28, 2021 16:51:41 GMT
Letter from Sports minister Nigel Huddleston to all National League clubs inviting them to discuss the support package offered: pbs.twimg.com/media/Es1Ml3RVEAQWwEt?format=png&name=mediumThe bit about the loans being extremely low interest over a repayment term up to 20 years might help placate clubs to some extent. |
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Post by Stewart on Jan 28, 2021 17:08:22 GMT
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Post by Amber Aleman on Jan 28, 2021 17:35:15 GMT
So this Saturday's games go ahead.
I remain unconvinced that many NL clubs will want to take on loans. Most operate on pretty tight margins. Even after we get back to normality, each club's football future will be uncertain. That's all part of the fascination. You might get promoted, or reach the 4th round of the FA Cup, and find revenue flows in so that you can comfortably pay off the loan. Or you might suffer a double relegation and see your revenue crash to the point where repaying the loan becomes impossible.
Grants are available to clubs who'd be unable to pay back loans. But who's to say now whether a club will or won't be able to repay a loan over the next twenty years.
There's no acknowledgement in Huddleston's letter that if clubs collectively reject what's on the table then the season would end prematurely, with "precious public funding" presumably then provided to support the non-working players back on furlough.
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Post by localboy86 on Jan 28, 2021 19:56:01 GMT
Good summary:
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Post by os on Jan 28, 2021 21:38:39 GMT
There's no acknowledgement in Huddleston's letter that if clubs collectively reject what's on the table then the season would end prematurely, with "precious public funding" presumably then provided to support the non-working players back on furlough. I think reading between the lines, and that the steps below the National league will be getting funding, and the EFL has a package, and add to that the government would have to pay furlough as well if the season was ended. I think its a reasonable bet that something will emerge? |
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Post by garethl on Jan 29, 2021 9:00:42 GMT
It would seem ridiculous to play on through the absolute worst of the pandemic and just as there is light at the end of the tunnel to pull the rug. Not to say it won’t happen!
It might only need a month or so to get to the point where we can have fans back. My optimistic view looking at the vaccination numbers are the pressure on hospitals and the awful stats we have seen are going to take a dramatic fall mid to late February.
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Post by Andy K on Jan 29, 2021 9:29:55 GMT
It would seem ridiculous to play on through the absolute worst of the pandemic and just as there is light at the end of the tunnel to pull the rug. Not to say it won’t happen! It might only need a month or so to get to the point where we can have fans back. My optimistic view looking at the vaccination numbers are the pressure on hospitals and the awful stats we have seen are going to take a dramatic fall mid to late February. Couldn't agree more. Voiding the season at this point would be so silly, especially if they have not suspended it yet. Worst case scenario is a period of suspension (with clubs putting staff on furlough) and then restart afterwards. I expect that will mean the season will have to be extended. Let's hope if this situation occurs, the National League don't do their stubborn thing and demand the season doesn't get extended. |
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Post by Amber Aleman on Jan 29, 2021 11:07:14 GMT
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Post by cheshire on Jan 29, 2021 11:47:09 GMT
Lets hope some funding finally comes and comes in the form of grants not loans....with loans being the only option offered, as well as being very long term / minimal interest, crucially why has no one insisted that the entire loan should be written off for any club that suffers relegation?
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Post by rawalker34 on Jan 29, 2021 15:26:21 GMT
If the league is suspended then the FA Trophy has to be suspended but we heard nothing from the Old Men of the FA.
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Post by Andy K on Jan 29, 2021 15:46:54 GMT
If the league is suspended then the FA Trophy has to be suspended but we heard nothing from the Old Men of the FA. Probably because the league hasn't been suspended. That same logic would have applied for the trophy when steps 3-6 were suspended yet the Trophy carried on, so teams like Peterborough Sports were only playing in the Trophy and not playing league games. As there is specific prize money for that competition then there is direct income in those matches aside from gate receipts. |
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Post by Stewart on Jan 29, 2021 18:14:25 GMT
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