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Havent heard/read anything from our friend Steve/Buffy for a few days,hope the Essex bugger is coping ok.
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I agree.
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Hope Brian is fine,too.Brain,stay strong fella,it will pass.
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Mav@11:56am 100% agree with you mate any other decision but to crown Liverpool Champions would have been wholly wrong given the season they’ve had and how far ahead they are and if the PL was played out I suspect Liverpool would have probably won it by a new record points total too.
But if the PL can’t complete the season it’s only right that Liverpool are declared Champions.
It’s not the way that Jürgen Klopp, the Liverpool players and the Liverpool fans would have wanted to win they would want to win it on the pitch after 38 games and there will always be some saddos who try and claim it’s not a bona fide title after 29 games but if the PL can’t be played out and that’s yet to be finally decided it’s right to confirm Liverpool as Champions although I feel this should have come from the PL rather than UEFA.
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Mav, will the Newcastle takeover go ahead? Should it go ahead?
Both of the above points aside which will be down to the PL to rule on anyone buying a PL Club in the days of FFP know what the rules are. Chelsea can no longer spend more than they make and neither can Man City who are probably also on the brink of a European ban.
Newcastle can spend what they like on their infrastructure and the surrounding area but they will only be able to spend what they make as a Club on transfers.
But if they get a better Manager than Bruce invest wisely trade well in the transfer market as Leicester have shown nothing is impossible.
A possible relaxation of the FFP rules due to the Coronavirus could work in Newcastle’s favour in the shirt term although I doubt any Clubs will be given carts blanche by UEFA next season to spend what they want utilising Coronavirus as the reason.
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Im going to bore you with some basic economics!
According to Keynes, the root cause of economic downturns is insufficient aggregate demand. When the total demand for goods and services declines, businesses throughout the economy see their sales fall off. Lower sales induce firms to cut back production and to lay off workers. Rising unemployment and declining profits further depress demand, leading to a feedback loop with a very unhappy ending.
The situation reverses, Keynesian theory says, only when some event or policy increases aggregate demand. The problem right now is that it is hard to see where that demand might come from.
The economy’s output of goods and services is traditionally divided into four components: consumption, investment, net exports and government purchases. Any expansion in demand has to come from one of these four. But in each case, strong forces are working to keep spending down.
The upcoming problem is that the govt will have spent up with the business support schemes.
Football and in particular Sky is a discretionary spend. Clubs can only pay employees by reference to what they earn. If that goes down so do wages and so do asset values. Subscribers may not be able to pay the fees any more.
The clubs major assets, the players will be impaired in value which may accelerate depreciation and further reduce profits. I wonder what clubs accounts would look like if drawn up today.
Hence the dilema. Start playing and earn revenue v possible serious health issues.Answer? Time. Difficult to see any realistic and genuine continuation of this season. We have 10 games to go, a big chunck of the season=significant revenue.
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I am hoping I am over the worst Mav. Thanks with others for the wishes. It has been truly hard for me the last few weeks , so many dear friends going so close to each other, All my golfing partners gone now as well, not that I am playing now. I get a bit down every so often just thinking about them and now I will just have to battle on.
I have followed the thread, cannot help thinking the legal profession will be rubbing their hands, waiting for the first one eager to have a match than somebody gets the virus. That club will have a huge claim against it on multiple fronts therefore I cannot understand why they are even trying to rush it…..it cannot be done and there are other priorities than getting a football match goingIn our small village, we see cars and bikes driving through at crazy speeds because the roads are quiet. Parking in unbelievable places and yes, bad accidents…which were avoidable ones
It is a good job a war of bullets and bombs is not going on because I do not know how this population would cope.
Now, I read the Labour party want to start an investigation on why more ethnic people are dying in this virus era. You cannot make it up. Another platform for the politicians to talk up instead of getting on with the job of getting the country back on its feet We are scraping the barrel again_____________________________
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The above post is evidence of why we so much miss your wise words when you’re not posting Brian. Really sorry to hear of your losses. Stay safe my friend. 9’s
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Adlab-At least Ozil is/was playing some footy,what about the forgotten people like Wilshere?
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9s-There are no more morals left in football,matey.As soon as this thing its over,Newcastle will be taken over and become a superpower.Talks of a £250m bid for Griezmann and Coutinho in the middle of this madness
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Mav, I accept your first point but not your second Newcastle’s purchasing capabilities will be hampered by FFP and that’s a fact mate.
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9s-True,but they will be allowed to spend,maybe not go mad like PSG with Neymar & Mbappe,but I fully expect to them to go on spending spree when football eventually returns.Plus,they are not in any European competition,so wont have to worry too much.
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Nine, you may well be right on this, for now, but what concerns me is that FFP was ill thought out at the start, never did due diligence on itself on how it would stand up to rigorous scrutiny in a legal or arbitration court, now we shall have to wait and see. After all that, it is a useless mechanism, if you want to impose some financial rules then it has to be better than this because many other factors come into play.
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Nav…..if you were a wealthy potential owner you would be faced with two things at the start. The Club debt and responsibilities and how much Ashley wants. Then they have to think….how do we get Newcastle moving in the right direction….more investment…OK we will put in place…..WAIT UEFA has something to say.
Had this been a European club of similar standing to Newcastle it would have passed by, no trouble.
However, in saying that there would be a number of objectors here in the IK not lease the “closed shop” mentalityThe new potential owners may not be ideal for some, but who then will take Ashleys price on??? Have you noticed also, all the potential/real owners of clubs are no longer British, so what are we talking about.?
My feeling is “Football has not been about football for a long time and I fear it will get worse on the basis of the mad scramble to come to play matches with more crazy money from TV and betting companies who really know how to fleece the public” It may even get to the stage when it is cheaper to go to a match than watch the TV and “experts” I jets of course. (do I?)
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Brian-You are spot on,and would just like to add the factor of money laundering.Lets just hope Covid-19 has put an end to the madness of the ilk of Neymar,CR7,Messi,etc.Football is becoming like basketball in USA-entertainment for the sake of £££££/$$$$$.
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Adlab.. in part response to yours….In the early 70’s a similar scheme was launched, the Banks were never in favour of it and did squash most applicants with all kinds of flimsy excuses. I know, I was one of them. In fact they told me I was not a viable business, I am pleased to say I went on to be success. What the Govt should have done with this scheme was to nominate ONE bank, preferably one we had some say in and have strict rules on how it should be done..then..get on with it. It will never work in current format because it is against Banks interstate’s, after all, they are supposed to be in the business of lending as well as selling currency The Govt need to give the banks a kick up the …….
I saying the above, I also believe most small business do not have the information banks will demand, so it makes there job easy. However it comes back to attitude as well and you cannot get passed that. When I went before the Bank manager and hi “advisor” I had a detailed 5 year plan with endorsements from some key customers but they hardly looked through more than a couple of pages…there mind was made up before i sat down.
Years later, I met a Regional Director of a major bank, happened to be the same bank I applied to, I told him my story, his words I will remember all my life
“Brian, bank Managers could not run a small business”
I rest my case
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Mav, you are right of course but I also think these people have so much they do not even need to launder money, well maybe a foolish thought. Money laundering is the new way of describing something that has been going on for centuries, happens every day in every country, yes, even in the UK. It is wrong, but I have no clue how you would stop it. In my business life I had some real scary moments which I dare not put in print…other than to say…I never participated but had an experience. The public have no real perception how it works other than headlines I guess the Newcastle deal will eventually go through then UEFA will have another force to reckon with
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No winner, no relegation, is this the way the prem will go?
https://www.bbc.co.uk/sport/football/52418048
……Pagan
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