Darlo Uncovered

Spyman wrote:It's a bit of a funny one this, public money being used to bail out football clubs that in many cases are badly run and unsustainable as businesses.

It seems a bit like kicking the can down the road in some cases - should the bailout be conditional on the club's being supported agreeing to meet some longer term financial criteria regarding income/outgoings?

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QUAKERMAN2 wrote:

Spyman wrote:It's a bit of a funny one this, public money being used to bail out football clubs that in many cases are badly run and unsustainable as businesses.

It seems a bit like kicking the can down the road in some cases - should the bailout be conditional on the club's being supported agreeing to meet some longer term financial criteria regarding income/outgoings?

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Would of thought any grants will be linked to average attendances which would make more sense to me.

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QUAKERMAN2 wrote: ↑

Tue Sep 29, 2020 6:34 pm

Spyman wrote:It's a bit of a funny one this, public money being used to bail out football clubs that in many cases are badly run and unsustainable as businesses.

It seems a bit like kicking the can down the road in some cases - should the bailout be conditional on the club's being supported agreeing to meet some longer term financial criteria regarding income/outgoings?

Sent from my Pixel 2 using Tapatalk

Would of thought any grants will be linked to average attendances which would make more sense to me.

Sent from my moto g(6) play using Tapatalk

spen666 wrote:

QUAKERMAN2 wrote: ↑

Tue Sep 29, 2020 6:34 pm

Spyman wrote:It's a bit of a funny one this, public money being used to bail out football clubs that in many cases are badly run and unsustainable as businesses.

It seems a bit like kicking the can down the road in some cases - should the bailout be conditional on the club's being supported agreeing to meet some longer term financial criteria regarding income/outgoings?

Sent from my Pixel 2 using Tapatalk

Would of thought any grants will be linked to average attendances which would make more sense to me.

Sent from my moto g(6) play using Tapatalk

I doubt that will be distribution method.

I expect it will be a flat rate per club depending on level club operate at ie NL clubs will get more than NLN/S clubs

spen666 wrote:

QUAKERMAN2 wrote: ↑

Tue Sep 29, 2020 6:34 pm

Spyman wrote:It's a bit of a funny one this, public money being used to bail out football clubs that in many cases are badly run and unsustainable as businesses.

It seems a bit like kicking the can down the road in some cases - should the bailout be conditional on the club's being supported agreeing to meet some longer term financial criteria regarding income/outgoings?

Sent from my Pixel 2 using Tapatalk

Would of thought any grants will be linked to average attendances which would make more sense to me.

Sent from my moto g(6) play using Tapatalk

I doubt that will be distribution method.

I expect it will be a flat rate per club depending on level club operate at ie NL clubs will get more than NLN/S clubs

Darlo_Pete wrote:Of course the money won't be distributed evenly. The NL will get the vast majority of the money, the NLN & NLS will get far less.

spen666 wrote: ↑

Wed Sep 30, 2020 12:44 pm

QUAKERMAN2 wrote: ↑

Tue Sep 29, 2020 6:34 pm

Spyman wrote:It's a bit of a funny one this, public money being used to bail out football clubs that in many cases are badly run and unsustainable as businesses.

It seems a bit like kicking the can down the road in some cases - should the bailout be conditional on the club's being supported agreeing to meet some longer term financial criteria regarding income/outgoings?

Sent from my Pixel 2 using Tapatalk

Would of thought any grants will be linked to average attendances which would make more sense to me.

Sent from my moto g(6) play using Tapatalk

I doubt that will be distribution method.

I expect it will be a flat rate per club depending on level club operate at ie NL clubs will get more than NLN/S clubs

poppyfield wrote: ↑

Wed Sep 30, 2020 12:38 pm

So how much do we need as a club to cover the costs of playing behind closed doors? Ball park figure anyone?

norwich darlo wrote: ↑

Wed Sep 30, 2020 2:59 pm

poppyfield wrote: ↑

Wed Sep 30, 2020 12:38 pm

So how much do we need as a club to cover the costs of playing behind closed doors? Ball park figure anyone?

In his update, David said Darlo if no help was forthcoming we would run out of cash in January and to finish the season would cost approx £250.000.

loan_star wrote: ↑

Sun Oct 04, 2020 12:17 pm

There are clubs like us that could genuinely suffer if we don't get grant assistance and there are clubs like Fylde who spunk £100k on a signing yet tell other players to take cuts and will also expect their share of a bailout. Football clubs don't help the situation much do they.

bga wrote: ↑

Sun Oct 04, 2020 12:04 pm

We do not know the exact financial compensation each Club will receive for "for essential revenue lost from fans not returning in October" as per the statement from the NL. DJ explained we had to complete a return of some sort which I imagine requested our match day revenue, hospitality,50-50 draw, sponsorship etc. If this financial support to each Club is based on this, then what worries me is how the Government would treat yesterday's revenue (and any other match day revenue) from the TV coverage. Would they argue for example we had generated say 850 tickets (this was mentioned as a possible figure) times £7.99 (£6,471) therefore this would be deducted from the support package for that match?

Looked at another way, Clubs that have not been as forward thinking as our Board could just sit back and raise nothing, and receive the same proportionate amount as a Club like us. There must be some science to the bailout, but do we know what it is, none of the reports so far seem to confirm this.

en passant wrote: ↑

Sun Oct 04, 2020 1:06 pm

bga wrote: ↑

Sun Oct 04, 2020 12:04 pm

We do not know the exact financial compensation each Club will receive for "for essential revenue lost from fans not returning in October" as per the statement from the NL. DJ explained we had to complete a return of some sort which I imagine requested our match day revenue, hospitality,50-50 draw, sponsorship etc. If this financial support to each Club is based on this, then what worries me is how the Government would treat yesterday's revenue (and any other match day revenue) from the TV coverage. Would they argue for example we had generated say 850 tickets (this was mentioned as a possible figure) times £7.99 (£6,471) therefore this would be deducted from the support package for that match?

Looked at another way, Clubs that have not been as forward thinking as our Board could just sit back and raise nothing, and receive the same proportionate amount as a Club like us. There must be some science to the bailout, but do we know what it is, none of the reports so far seem to confirm this.

One thing that I have not seen, and maybe someone can confirm, is whether or not this is a grant without strings or if it is a loan that requires the club to pay it back. If a loan, and a backstop to any potential lost revenue, it would make sense for a club to do all they can, such as live streaming and virtual 50/50, so that they can avoid digging a future financial hole. This would also stop clubs sitting on their hands and doing nothing to make their situation more viable by their own efforts. So rather than an up front bundle of cash, it would be a fund that can be relied upon if and when needed, but with an incentive to try and avoid using it, if at all possible. If the situation were to change and crowds were allowed back before season's end, we could leave some of the loan untouched and lessen the amount that needs to be clawed back in the future. It might also avoid the bankrolled clubs, who may well have survived without help, seeing this as a freebie way of adding to their portfolio of expensive players, and reward clubs like our own for finding ways to draw income other than from attendances.

bga wrote: ↑

Sun Oct 04, 2020 12:25 pm

loan_star wrote: ↑

Sun Oct 04, 2020 12:17 pm

There are clubs like us that could genuinely suffer if we don't get grant assistance and there are clubs like Fylde who spunk £100k on a signing yet tell other players to take cuts and will also expect their share of a bailout. Football clubs don't help the situation much do they.

True. The bailout however appears to be based on lost match day revenue though, and not what a Club's other running costs including salaries are?