This is going to be a difficult year for many clubs, some are already in distress and some have already fallen by the way side.
There have been mutterings of some support from elsewhere to the EFL, but short term fixes are not a solution for the long term. Most fans of EFL clubs will point to how the riches do not filter down from the cash riddled Premier league who it seems at the moment have only made token short term contributions. It is time to press for more, before more community clubs fall foul of the impact of the virus.
I do not belive it is right for the Govt to spend taxpayers money on resolving the issues when there already is enough money swilling around within the game for an internal solution.
Annual premier league staff wages run at about £2000 million a vast sum that many clubs would not generate during the whole of their existence. Whilst the Govt should not spend taxpayers money , they could respond, if the Premier league do not do so voluntarily, by imposing at levy / tax on the amount of those salary payments at each club. A rate of 2 to 5% would resolve many of the issues at EFL clubs or below.
That should be paid directly at EFL level to the EFL to be held in escrow individually for each club, who can draw on it not for purposes other than transfer fees and wages but for community projects, ground improvements, or as a last resort used in crisis situation like we are in today. To benefit clubs must have previously provided as they should now fully audited and justified financial projections etc.
Clubs within EFL are of different size and rather than equal share of the sums , it could be shared with an alignment to turnover, net of such things such as turnover and financial propriety...but preserves to some extent the hierarchy but still provides a small step towards closing the gap between the EFL and Premier league.
At the stated percentage, it would have little impact on the quality of the Premiership product .... so these are my thoughts. Whilst I have not gone into the finest detail do you support the thoughts or debunk it entirely ?
There have been mutterings of some support from elsewhere to the EFL, but short term fixes are not a solution for the long term. Most fans of EFL clubs will point to how the riches do not filter down from the cash riddled Premier league who it seems at the moment have only made token short term contributions. It is time to press for more, before more community clubs fall foul of the impact of the virus.
I do not belive it is right for the Govt to spend taxpayers money on resolving the issues when there already is enough money swilling around within the game for an internal solution.
Annual premier league staff wages run at about £2000 million a vast sum that many clubs would not generate during the whole of their existence. Whilst the Govt should not spend taxpayers money , they could respond, if the Premier league do not do so voluntarily, by imposing at levy / tax on the amount of those salary payments at each club. A rate of 2 to 5% would resolve many of the issues at EFL clubs or below.
That should be paid directly at EFL level to the EFL to be held in escrow individually for each club, who can draw on it not for purposes other than transfer fees and wages but for community projects, ground improvements, or as a last resort used in crisis situation like we are in today. To benefit clubs must have previously provided as they should now fully audited and justified financial projections etc.
Clubs within EFL are of different size and rather than equal share of the sums , it could be shared with an alignment to turnover, net of such things such as turnover and financial propriety...but preserves to some extent the hierarchy but still provides a small step towards closing the gap between the EFL and Premier league.
At the stated percentage, it would have little impact on the quality of the Premiership product .... so these are my thoughts. Whilst I have not gone into the finest detail do you support the thoughts or debunk it entirely ?