Football Management

Commentary on the management of over 160 English football clubs by Dr John Beech, winner of the FSF Writer of the Year Award 2009/10 Twitter: @JohnBeech Curator of Scoop.it! Football Finance

Waking up to reality?

Posted by John Beech on March 27, 2009

Two recent reports in the media caught my eye.

First Sunderland are reported to have renegotiated players’ contracts to include a clause that means that, should Sunderland be relegated, the players will take a cut in wages of 40% (1).

A second report covered the story of Weymouth’s considering a return to part-time status (2). The cub turned professional in the summer of 2005, but their current financial problems are forcing a rethink.

These reports suggest that a new reality with which clubs handle their financial affairs may be emerging – and not before time! What is surprising is that they constitute news. Unless clubs develop more sustainable models many will face insolvency events, especially those in Leagues 1 and 2 and in the three divisions of the Conference.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: