UK time is: 22:55:01
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

League Chairman at Conference today

Football League Chairman, Lord Mawhinney addressed senior figures from the footballing world at a conference in London today.

Lord Mawhinney spoke about various issues which included club debt. 'Very few businesses are debt free,' the Chairman said, 'and while debt in football is not a problem, unsustainable debt is. Lots of clubs are chasing a dream paid for by their owner's wealth and they are defying economic gravity simply because their owners are rich. And, as rich men have always been involved in football there is nothing wrong with that. But, being a rich man in football today is not enough. Today what is required is to be very rich.

'What needs to be asked is can a huge dependence on the personal, or corporate, wealth of individuals outside the game and on television revenue ever be substainably sound in the long term?

'In my view, these models need reworking sooner, rather than later.'

Rising player wages were also on Lord Mawhinney's agenda and he said, last season, in the Championship an average of eighty seven per cent of a clubs' revenue was spent on players' wages. Is there any business in the world where such a percentage would be substainable?

'We have had long debates on the subject of whether control of squad wages should be exercised centrally. While I feel the clubs in League One and Two would welcome this the clubs in the Championship are more divided and are still to be persuaded.

'The majority of our top clubs are trading at a serious loss and still adding to their debts and they seem unable or unwilling to change. Some new element of cost control does seem to be needed and perhaps a first step should be for us to adopt further financial reporting requirements similar to those in the Premier League.'

Mr Mawhinney also said that football has to demonstrate a greater level of respect for players contracts saying that players' contracts are in danger of becoming worth less than the amount spent on the lawyers and agents who put the words onto the paper.

What do you think? Is Lord Mawhinney right? Or, is it just hot air? What's your view?




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



*Try Vital Mobile FOR FREE for the latest news, scores, fixtures and so much more*

Click here to join in the debate on the club forum.

The Journalist

Writer: Herringthorpe  Mail feedback, articles or suggestions

Date:Wednesday October 7 2009

Time: 6:44PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Articles

Archived Articles

List All Vital Rotherham Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. rybel_b 628
2. herringthorpe 516
3. sixpence 259
4. mos60 94
5. MILLER NEZ 41
6. nearlyataff 37
7. Millie Miller 29
8. mvmiller 19
9. axholme 17
10. nogginthenog 15

League Results (view all)

League Table (view table)

Team P W D L GD Pts
1. Wolves 43 29 9 5 53 96
2. Brentford 43 27 9 7 30 90
3. Leyton Orient 43 23 11 9 38 80
4. Rotherham 43 22 13 8 26 79
5. Preston 43 21 16 6 22 79
6. Peterborough 42 21 4 17 10 67
7. Swindon 43 18 9 16 6 63

Breaking League News

Blades enjoy Good Friday win
Sheff Utd : 18/04/2014 22:15:00
RUFC - Evans 'We Play Some Entertaining Football'
Rotherham : 18/04/2014 22:12:00
RUFC - Evans 'Fantastic Advert For League One'
Rotherham : 18/04/2014 22:07:00
Sheff Utd : 18/04/2014 22:04:00
Stevenage : 18/04/2014 22:02:00
Millers And Wolves In Ten Goal Thriller
Rotherham : 18/04/2014 21:35:00
Orient Set For Play-Offs
Leyton Orient : 18/04/2014 20:43:00

Current Site Poll (view all polls)

Which of these loanees would you like to see back next season
Suggested By:  
James Tavernier 65%
Haris Vuckic 7%
Miles Addison 7%
Richie Smallwood 7%
Tom Hitchcock 14%
None 0%