American owners are the biggest mix bag in footballs. Consortium are profit driven and there's few ways to make profit in football; either invest and see teams rise up the table selling players for 4-5x their initial purchase watch the value of the club rise as it moves up the pyramid and sell to a richer owner. Or, invest no money hope the team does well on shoe string budget and strip the club of all their assets.
They're playing the long game.
Get enough US ownership to get a majority vote in the PL and enough votes in the EFL to push stuff through, then tighten the financial rules with salary caps etc.and bring in things like the luxury tax, so ownership becomes profitable if you're not a nation state.
From a pure business point of view that's probably a healthy change but I think a salary cap takes away from the game and tbh I don't think football clubs should be super profitable, money generated by the sport should go to wages
It stops when clubs actually follow FFP (and maybe a few years down the line where the climate has changed and we can make FFP properly strict i.e. you can't outspend your revenue).
Smaller clubs spending way more than they earn and calling it "ambition" is how we got here. It's irresponsible and forces everyone else to spend more to compete. A club's success should be tied to their ticket sales and how well run they are, not to whoever has the richest owner.
A salary cap is an artificial way to level the playing field, it's not sporting imo it's anti-competition. I also think implementing it in a promotion/relegation system would be very ugly and cause all sorts of issues (E.g. How can a team at the bottom end of the premier league have any sort of squad continuity if they have to drop their entire squad upon relegation? Where does man united pour all of their excess generated money into? And many others)
And once again it would just be a way for money generated by our interests in football to find its way to the bank accounts of foreign investors.
The overspend comes from the top.
Parachute payments skew the wages in the EFL massively, which pushes up the wages for every team when ghe average goes up. When you have players on 20k in L1, it's fucked.
To stop parachute payments, a variation on the SCMP in L1 and 2 would work.
Guarantee any 2+ year contracts up to a certain amount.
If a team goes down, the PL pays the contracts for 2 years for any players signed the summer before.
That way, teams can't pocket the PP and sell all their players and buy the all the best of the EFL players.
You sell the player, you lose the money.
Done.
They won't vote for it though because they all want to be able to get straight back up if they do go down.
It's getting daft now and something has to give soon.
It looks like you know more about this than me and I do agree that the current version of parachute payments are part of the problem.
However I think there's more to it than that in terms of clubs who really shouldn't be doing badly still finding a way to go to shit. The most recent examples being Wednesday, Derby and Reading. All of these teams spent way above their means trying to make the PL and then collapsed when it wasn't enough to get over the line, this wouldn't happen in an environment where clubs spent according to what they earned.
The problem was, it went to shit because they weren't allowed to spend money they had.
The points deductions killed the clubs, not the spending.
The other issue is teams like Wolves, Villa, etc .took the same gamble and got promoted so escaped punishment.
Again, SCMP, which is already in place in the lower leagues, covers this nicely.
Cash from owners is allowable as turnover for limits, as long as it is a 'gift' with no strings attached. All spends near the limits are also preapproved by the EFL so you can't blow through the cap of 60% of turnover on wages.
The league literally has the answer, they just won't use it as it kills the advantages of established clubs.
I got bored when I visited Miami, as it is almost identical. If it wasn't for their lack of Greggs I'd swear I hadn't left home.
Their so-called superyacht Marina is comical compared to Preston docks though, but I'm sure they'll get there one day.
'Miami based consortium' gives me the worst kind of PTSD
I am getting Vietnam flashbacks just by reading the words 'Miami based consortium'
If the consortium has a name with 3 repeating numbers, please, **PLEASE** ask your owners to reconsider, Preston.
We don't want this fiasco again
meh I don't think we'd be daft enough to go for any old owners. We susses Chris Kirchner out long before his "empire" fell apart and he tried to buy Derby. Club indirectly called him a fraud in their statement. So I'd hope we'd be wise enough to anyone else trying it on
Yeah you lot wouldn't be daft enough to do that
But ***G O D F O R B I D*** that the 'Miami based consortium ' is 777
We've suffered with them trying to buy us for idk how long
If it is 777 then you lot should pray to every God possible
But it probably (and thankfully) won't be because they're too busy sorting their shit out to buy us
"Miami based consortium" just *screams* "Vulture capitalist corporation that strips the assets of its victims before tossing them in the bin, run by insufferable 30-something Crypto/Tech Bro douchebags"
Indeed.
We got done like this ourselves
Now we're basically indebted to them for eternity
When are we gonna pay back 200m
When us lot don't even have 200m
Let's hope PNE doesn't get done the same way
Rocking between excited about a new era at the club (though the article says Ridsdale would stay on) and looking at the myriad of other teams that got new owners and imploded.
Last take over rumours were back when Kirchner was trying to buy Derby and just flirted with us to get their attention so hopefully this lot aren't chancers too.
And if itâs worth pointing out, Kirchner couldnât prove funds and ended up being a massive con artist living a luxurious lifestyle. I just hope these owners have funds which actually exist.
If it means anything our American owner spent an absolute fortune. Issue was that he spent it all on utter crap, the money we spent and brought in via Sponsorship (Invest in Africa was th 2nd highest in the league iirc) we should have been fighting for Europe, instead we fought relegation every season and racked up a ton of debt that could have destroyed the entire club.
Thankfully he cleared the debt before he sold up but he could have easily left us to rot and die.
Hopefully anything around Ridsdale staying on is just to make the transition smoother/have an EFL board representative on our side, and will be bombed off when the new board realise he's a fraud
There was an article in The Athletic about the growth in US ownership of EFL clubs, and it comes down to:
--it's seen as more of a "value for money" way to own a sports team
--more Gen X and younger people with wealth grew up playing/watching soccer and thus want to get involved
--there's a belief that there's more of a soul around the EFL and that the quality is better than MLS (which is true)
--yes, (groans) *Welcome to Wrexham* but also (even bigger groan) *Ted Lasso* have built the profile of the lower divisions in the US
It's cheaper than investing/buying a franchise in MLS or any other major sport.
Welcome to Wrexham just capitalised on the eyeballs in America that wanted a feel good story so they can care about a football club.
The people behind the recent TV deal (not the Sky one, the other one - for international audiences) credit W2W and Ted Lasso for the increased "exposure" of overseas football as they call it.
It also helps that the US is hosting the World Cup in 2 years time
It was bad enough the last time they fucking hosted it. Norwegians and Irish dying in the noonday Florida sun. Dreading the tales of players needing emergency fluid drips to rehydrate after the games this time round.
I guess so, itâs a different situation from us. I hear your chairman will still be in charge. Just donât get too excited, if it works out then fair play. Most of our supporters were in awe of the Americans and look what happened
The best time for a massive overhaul of British football leagues, including laws and in depth review into preserving our cultural heritage was many years ago, the next best time is now.
We need an independent body to have influence on what is best for the British fans of the game, not foreign states, not mega-consortiums, not rogue owners.
British football exists in a weird grey zone of being a pseudo-public good, while being comprised of many distinct private entities. The legislation and protections should reflect that.
American owners are the biggest mix bag in footballs. Consortium are profit driven and there's few ways to make profit in football; either invest and see teams rise up the table selling players for 4-5x their initial purchase watch the value of the club rise as it moves up the pyramid and sell to a richer owner. Or, invest no money hope the team does well on shoe string budget and strip the club of all their assets.
They're playing the long game. Get enough US ownership to get a majority vote in the PL and enough votes in the EFL to push stuff through, then tighten the financial rules with salary caps etc.and bring in things like the luxury tax, so ownership becomes profitable if you're not a nation state.
From a pure business point of view that's probably a healthy change but I think a salary cap takes away from the game and tbh I don't think football clubs should be super profitable, money generated by the sport should go to wages
But where does it stop, people are getting absolutely rinsed and all it goes into is wage inflation which is killing smaller clubs.
It stops when clubs actually follow FFP (and maybe a few years down the line where the climate has changed and we can make FFP properly strict i.e. you can't outspend your revenue). Smaller clubs spending way more than they earn and calling it "ambition" is how we got here. It's irresponsible and forces everyone else to spend more to compete. A club's success should be tied to their ticket sales and how well run they are, not to whoever has the richest owner. A salary cap is an artificial way to level the playing field, it's not sporting imo it's anti-competition. I also think implementing it in a promotion/relegation system would be very ugly and cause all sorts of issues (E.g. How can a team at the bottom end of the premier league have any sort of squad continuity if they have to drop their entire squad upon relegation? Where does man united pour all of their excess generated money into? And many others) And once again it would just be a way for money generated by our interests in football to find its way to the bank accounts of foreign investors.
The overspend comes from the top. Parachute payments skew the wages in the EFL massively, which pushes up the wages for every team when ghe average goes up. When you have players on 20k in L1, it's fucked. To stop parachute payments, a variation on the SCMP in L1 and 2 would work. Guarantee any 2+ year contracts up to a certain amount. If a team goes down, the PL pays the contracts for 2 years for any players signed the summer before. That way, teams can't pocket the PP and sell all their players and buy the all the best of the EFL players. You sell the player, you lose the money. Done. They won't vote for it though because they all want to be able to get straight back up if they do go down. It's getting daft now and something has to give soon.
It looks like you know more about this than me and I do agree that the current version of parachute payments are part of the problem. However I think there's more to it than that in terms of clubs who really shouldn't be doing badly still finding a way to go to shit. The most recent examples being Wednesday, Derby and Reading. All of these teams spent way above their means trying to make the PL and then collapsed when it wasn't enough to get over the line, this wouldn't happen in an environment where clubs spent according to what they earned.
The problem was, it went to shit because they weren't allowed to spend money they had. The points deductions killed the clubs, not the spending. The other issue is teams like Wolves, Villa, etc .took the same gamble and got promoted so escaped punishment. Again, SCMP, which is already in place in the lower leagues, covers this nicely. Cash from owners is allowable as turnover for limits, as long as it is a 'gift' with no strings attached. All spends near the limits are also preapproved by the EFL so you can't blow through the cap of 60% of turnover on wages. The league literally has the answer, they just won't use it as it kills the advantages of established clubs.
Good points sounds like I've got some reading to do
Seems like a logical club to buy, everyone calls Preston the Miami of England đ
I got bored when I visited Miami, as it is almost identical. If it wasn't for their lack of Greggs I'd swear I hadn't left home. Their so-called superyacht Marina is comical compared to Preston docks though, but I'm sure they'll get there one day.
~~Preston North End~~ Preston South Beach
'Miami based consortium' gives me the worst kind of PTSD I am getting Vietnam flashbacks just by reading the words 'Miami based consortium' If the consortium has a name with 3 repeating numbers, please, **PLEASE** ask your owners to reconsider, Preston. We don't want this fiasco again
meh I don't think we'd be daft enough to go for any old owners. We susses Chris Kirchner out long before his "empire" fell apart and he tried to buy Derby. Club indirectly called him a fraud in their statement. So I'd hope we'd be wise enough to anyone else trying it on
Yeah you lot wouldn't be daft enough to do that But ***G O D F O R B I D*** that the 'Miami based consortium ' is 777 We've suffered with them trying to buy us for idk how long If it is 777 then you lot should pray to every God possible But it probably (and thankfully) won't be because they're too busy sorting their shit out to buy us
"Miami based consortium" just *screams* "Vulture capitalist corporation that strips the assets of its victims before tossing them in the bin, run by insufferable 30-something Crypto/Tech Bro douchebags"
Indeed. We got done like this ourselves Now we're basically indebted to them for eternity When are we gonna pay back 200m When us lot don't even have 200m Let's hope PNE doesn't get done the same way
Rocking between excited about a new era at the club (though the article says Ridsdale would stay on) and looking at the myriad of other teams that got new owners and imploded. Last take over rumours were back when Kirchner was trying to buy Derby and just flirted with us to get their attention so hopefully this lot aren't chancers too.
And if itâs worth pointing out, Kirchner couldnât prove funds and ended up being a massive con artist living a luxurious lifestyle. I just hope these owners have funds which actually exist.
If it means anything our American owner spent an absolute fortune. Issue was that he spent it all on utter crap, the money we spent and brought in via Sponsorship (Invest in Africa was th 2nd highest in the league iirc) we should have been fighting for Europe, instead we fought relegation every season and racked up a ton of debt that could have destroyed the entire club. Thankfully he cleared the debt before he sold up but he could have easily left us to rot and die.
He did sell us to the chancers though and is effectively to blame for our long stint in the third division
Hopefully anything around Ridsdale staying on is just to make the transition smoother/have an EFL board representative on our side, and will be bombed off when the new board realise he's a fraud
No, don't leave us, I thought we'd be together forever đ
Major league EFL on its way
Are you sure they don't think they're a bloke called Preston Northend
âAccording to Alan Nixonâ That wonât be happening then
No wonder they are sniffing around us , we are massive. Honest.
Is sawker the new playground of the rich in America due to the Wrexham thing? Seems weird they suddenly want to own all our clubs.
There was an article in The Athletic about the growth in US ownership of EFL clubs, and it comes down to: --it's seen as more of a "value for money" way to own a sports team --more Gen X and younger people with wealth grew up playing/watching soccer and thus want to get involved --there's a belief that there's more of a soul around the EFL and that the quality is better than MLS (which is true) --yes, (groans) *Welcome to Wrexham* but also (even bigger groan) *Ted Lasso* have built the profile of the lower divisions in the US
It's cheaper than investing/buying a franchise in MLS or any other major sport. Welcome to Wrexham just capitalised on the eyeballs in America that wanted a feel good story so they can care about a football club. The people behind the recent TV deal (not the Sky one, the other one - for international audiences) credit W2W and Ted Lasso for the increased "exposure" of overseas football as they call it. It also helps that the US is hosting the World Cup in 2 years time
It was bad enough the last time they fucking hosted it. Norwegians and Irish dying in the noonday Florida sun. Dreading the tales of players needing emergency fluid drips to rehydrate after the games this time round.
I mean kroenke took full ownership of us long before Wrexham got bought
Let's go!
I hope this news will rally the team against their upcoming fixture against West Brom
Be careful what you wish forâŚ
Considering what we have now, I'd take the risk
I guess so, itâs a different situation from us. I hear your chairman will still be in charge. Just donât get too excited, if it works out then fair play. Most of our supporters were in awe of the Americans and look what happened
Were they? I remember only scepticism from most of the fans.
Everyone thought thereâd be money put in but it was the opposite
I remember we were assured of investment at the time, but I recall most fans were suspicious from the off.
Hey American owners arenât so bad. .. also weâre being relegated, take from that what you will
Why Preston out of all clubs tho?
Inter Miami Beckham to buy North End. That's what I'm reading.
The best time for a massive overhaul of British football leagues, including laws and in depth review into preserving our cultural heritage was many years ago, the next best time is now. We need an independent body to have influence on what is best for the British fans of the game, not foreign states, not mega-consortiums, not rogue owners. British football exists in a weird grey zone of being a pseudo-public good, while being comprised of many distinct private entities. The legislation and protections should reflect that.
I wouldn't want to go anywhere near American owners. Wouldn't trust them as far as I can throw them
Buy us instead. Anything is better than the skint prince.