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Are Ealing a sustainable club? |
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The Blues
World Cup Winner Joined: 05 Aug 2007 Status: Offline Points: 4879 |
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From the BBC - Premiership clubs not sustainable with no safeguards.
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The Blues
World Cup Winner Joined: 05 Aug 2007 Status: Offline Points: 4879 |
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I think it is up to Gooley to create a sound business so that they can survive without him. He has done well to get here and so close to the Premiership, so now he must be looking to transition to be self-sufficient or near to, to ensure a legacy. In reality Ealing are no different to many Premiership clubs reliant on wealthy people but where Ealing are more at risk is the age.
The issue is… if there was a quick departure how many players are on 2 or 3 year contracts? If you lose £6m of income whereas most clubs in this division probably range from £750k - £2m that works out to be a hit of 75% of lost money (using £2m and Ealing’s crowd numbers would suggest it would be a higher percentage than that). If it were say 25% then it is probably “ok” as the players coming to the end of contact disappear and are either not replaced or replaced on the check. |
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gerg_861
World Cup Winner Joined: 11 Jun 2017 Location: Ealing Status: Online Points: 2629 |
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Ealing not willing to take on pointless debt per article below.
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dumbape
World Cup Winner Joined: 23 Oct 2008 Status: Offline Points: 864 |
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Interesting point to me in that article is the difference in value between the price paid for the PShares to worcs/Wasps - £9.8 million and the price mentioned to buy one £20million. On what fecking planet is this anything other than price gouging of the most insensitive and inappropriate kind!
I think I know part of the reason for this by the way. If the accounts of P shareholder clubs did not have such ludicrous values their accounts would crumble! I also think this issue is related to long held desire to insulate PLR from the relegation dilemma as how can those values be justified when a poor season can take the club to the champion. These shares do not have anything like this REAL value, but instead are a divisive tool to inflate the accounts and discriminate against everyone else. In commercial terms having one seems to be ticket to lose £4+ million a season. The auditors of every club and DCMS should be challenging these valuations and exposing them as the sham they are! |
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What a blessing it would be if we could open and shut our ears as easily as we open and shut our eyes!
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Trailfinder
World Cup Winner Joined: 05 Feb 2017 Location: London Status: Offline Points: 407 |
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I gather that there is a transition funding plan for 2/3 years when the inevitable comes to pass. Therefore I’d like to think this has been considered. Generally speaking though, I’d be extremely surprised if Ealing weren’t looking closely and learning from the London Welsh, Worcester and Wasps debacles.
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dropout22
World Cup Winner Joined: 03 Jul 2017 Location: UK Status: Offline Points: 518 |
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ET men's have been given 50 million. women's have been given 2 million in assured funding.
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WEvans
World Cup Winner Joined: 08 Dec 2016 Location: London Status: Offline Points: 1456 |
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If they don't want to take on pointless debt then they aren't suitable for the Premiership!
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gerg_861
World Cup Winner Joined: 11 Jun 2017 Location: Ealing Status: Online Points: 2629 |
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This made me laugh
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dumbape
World Cup Winner Joined: 23 Oct 2008 Status: Offline Points: 864 |
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Me too
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What a blessing it would be if we could open and shut our ears as easily as we open and shut our eyes!
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Fat Albert
World Cup Winner Joined: 26 Sep 2007 Status: Offline Points: 1967 |
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a Freudian slip is when you say one thing but mean your mother
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