Football Economics

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  • #138815

    I’ve read over the last few days comments in a variety of places talking about transfer money needing to be reinvested in top name players and suggesting the reason that’s not happening is that it’s going in Dave Whelan’s back pocket. So I thought up this. Not brilliant, I know, and like all analogies it’s the general message that’s important not a line-by-line analysis:

    Imagine, if you will, that you have worked hard and got your dream job. £40K a year, it’s what you’ve always wanted. The problem is that you know it’s last in, first out, your job isn’t safe, and the guys who who have been there years have tons more money than you. Your missus and kids go on at you to buy a flash top-of-the-range car like the others have, but although you buy a model more expensive than you normally would you still have an eye to the inevitable future.

    You actually keep the job longer than you thought, but the day comes when you have to leave. You get another job at only £15K, but you still have the mortgage, council tax, gas, electric and food to buy. So you look at your car, realise it’s not running that well at all and very soon it will only be worth scrap value and decide to sell.

    Your current job is looking a bit dicey now too, and you could soon be on £12K a year.

    But your wife and kids are still on at you. They want you to buy a new car, and the kids still want XBoxes.

    When you say that the money has to go on paying the mortgage, the council tax etc etc, they accuse you of being a tight-fisted wad who has pocketed the money from the sale of the car, and is going to use it to party.

    You despair. And think “you know what? I’d be better off without you. Find someone else – if you can”.

    #138816

    Spot on!

    #138817
    donnys pageDonnys Page
    Player

      Can understand your example but footballers salaries just like football finances are in a bubble of their own and have become ridiculous and even at Championship clubs like Latics the 40, 15 and 12k p/a are weekly wages.
      Wigan Athletic FC seem to be one of the few clubs who seem to try and keep the finances real. Compare us with Bolton and Blackburn and their ridiculous debt levels.
      Good point though. Players are humans like everyone else all be it in their own different world.

      #138819
      The EggThe Egg
      Chairman

        I think he was talking about the club Donny but nevermind.

        #138825
        Can understand your example but footballers salaries just like football finances are in a bubble of their own and have become ridiculous and even at Championship clubs like Latics the 40, 15 and 12k p/a are weekly wages.
        Wigan Athletic FC seem to be one of the few clubs who seem to try and keep the finances real. Compare us with Bolton and Blackburn and their ridiculous debt levels.
        Good point though. Players are humans like everyone else all be it in their own different world.

        Whoosh!

        #138827

        The clue was in the word “analogy”, I thought :(

        #138828
        Can understand your example but footballers salaries just like football finances are in a bubble of their own and have become ridiculous and even at Championship clubs like Latics the 40, 15 and 12k p/a are weekly wages.
        Wigan Athletic FC seem to be one of the few clubs who seem to try and keep the finances real. Compare us with Bolton and Blackburn and their ridiculous debt levels.
        Good point though. Players are humans like everyone else all be it in their own different world.

        :blink:

        #138829

        Reminds me of a piece that appeared on this forum a few years ago:

        http://www.cockneylatic.co.uk/news/965-ungrateful-isnt-a-strong-enough-word

        #138831
        The EggThe Egg
        Chairman
          Reminds me of a piece that appeared on this forum a few years ago:

          http://www.cockneylatic.co.uk/news/965-ungrateful-isnt-a-strong-enough-word

          This is exactly my point with regards to the club preparing for the drop.

          DW came in and saved our skin. He promised us the high life and he delivered.

          New ground, owned by us, potential to make money, no major renovations needed and a permanent income stream from the rugby.

          Premier League football for 8 amazing years where we beat the best of the best.

          A League Cup Final appearance, albeit a loss.

          An FA Cup Final win and a further visit to Wembley the season after. 4 visits in 12 months.

          SIX games in Europe.

          He was fully aware in the PL days that a club like ourselves couldn’t survive for long without crippling the future of the club with debts. He cut the wage bills, made the club profitable but sadly it ended in relegation just before one final pay day.

          In the Championship we have a smaller income and failure to be promoted inside the two years required means that realistically (and history backs this up) we probably won’t go up for a while if indeed at all. Problem is that we can’t survive at this level unless we’re prepared to risk the future of the club.

          Relegation will hit us hard in all areas but it won’t send us under like so many clubs before us. We will go back to a level at which we can compete and will actually be seen as a big draw, with a good solid bank balance, a stadium that as above needs no work and has a permanent lodger. Add to that the potential to make money off the back of it with functions etc.

          He always promised he would leave the club in a better shape than he bought it and whilst we’ll have only been promoted a division we will be in a far far better state than when he walked into Springfield Park all those years ago.

          #138932
          vincehillvinceHill
          Player

            The events of the past few days have left me feeling sorry that we are saying goodbye to the golden era but relieved that we are facing up to the reality of the lower divisions and making sure we all have a club to support in the future.The players who have left would all have been on very high wages and with falling revenues and the loss by the week of all the johnny come latelys it’s time for some reshaping and planning for the future.
            it’s reality and when you think a few of us were jumping through hoops when the club signed Ian Kilford for about 30 grand before Whelan came it just shows you how bad things were back then.
            Time to close ranks and work hard on and off the pitch and believe it or not I’m actually feeling a little bit more positive about the future, rather have a football club to support than none at all.

            #139008
            jimmycjimmyc
            Player

              Very good post Garswood.

              Is it just the older fans who remember pre Dave Whelan that appreciate what he has done for our club. Always amazes me how he is slated by so many on here..

              #139011
              Very good post Garswood.

              Is it just the older fans who remember pre Dave Whelan that appreciate what he has done for our club. Always amazes me how he is slated by so many on here..

              I’m never amazed by anything I read on here. I’m amazed you are ;)

              #139015

              Personally I never cease to be amazed at what I am amazed by.

              You’d have thought I would have learnt by now.

              #139017
              Personally I never cease to be amazed at what I am amazed by.

              You’d have thought I would have learnt by now.

              Amazing!

              #139022

              Personally I never cease to be amazed at what I am amazed by.

              You’d have thought I would have learnt by now.

              Amazing![/quote]

              Oh you ;-)

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