UK time is: 02:37:56
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 Rotherham United Articles

RUFC - Brandy Out On Loan (Wednesday September 17 2014)

RUFC - Rayns Disappointed After Defeat (Wednesday September 17 2014)

Mason Hat Trick Leaves Millers With Nothing (Wednesday September 17 2014)

Stats: Bolton Wanderers v Rotherham United (Wednesday September 17 2014)

Millers v Bolton Preview (Tuesday September 16 2014)

Archived Rotherham United 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 648
2. herringthorpe 530
3. sixpence 317
4. miller4life 195
5. mos60 25
6. mvmiller 21
7. Millie Miller 18
8. nogginthenog 12
9. axholme 9
10. nearlyataff 8

League Results (view all)

League Table (view table)

Team P W D L GD Pts
16. Wigan 7 2 2 3 1 8
17. Cardiff 7 2 2 3 -1 8
18. Brighton 7 2 1 4 -2 7
19. Rotherham 7 2 1 4 -4 7
20. Birmingham 7 1 3 3 -7 6
21. Bolton 7 1 2 4 -5 5
22. Huddersfield 7 1 2 4 -8 5

Breaking League News

Wolves Bite.
Charlton : 17/09/2014 21:58:00
Blackburn : 17/09/2014 21:45:00
LUFC Redfearn - We were hanging on
Leeds Utd : 17/09/2014 20:32:00
LUFC Leeds Fan View v Bournemouth
Leeds Utd : 17/09/2014 19:50:00
Forest v Fulham - Team Sheets
Fulham : 17/09/2014 19:30:00

Current Site Poll (view all polls)

How Many Loan Players Do You Think We Need When The Window Opens?
Suggested By:  
None 27%
One 21%
Two 13%
More 39%