Could Coronavirus Kill Our 42 Clubs

[Yflab 4,532]

6 minutes ago, Dickson said:

Would you really want that though? Seriously? 

After the crisis is over St Mirren would be remembered as the club that scrambled about looking for a desperate way to break legal contracts so as not to pay employees. 

A lot of what happens in football currently is hard to stomach if you have principles but that would turn me away completely. 

 

GLS statement....”We would like to reassure all our supporters that the club is in a strong financial position to deal with any eventuality that arises.“

Worst case I’m sure SMiSA could use some “ring fenced” money to tide us over. I believe we are in far better shape than most clubs our size. 

 

[rea 848]

32 minutes ago, Desperately Seeking Susans said:

Well, at least it helps time-wise to get our injured players back to fitness.  This is an unprecedented situation and I wonder if the players will still be paid as it could last for some considerable time.

you would still get paid if your work stopped selling its "product" the players will also. One issue would be if they extend the season, players will be out of contract, so not only will Club face the losses from the shutdown but it will cost them more to put the squads back on the pitch after the point in the season when they would assume less waged as less players on the books

[rea 848]

12 minutes ago, Desnold said:

They will have business interruption insurance however I have noticed on the majority of the policies I deal with there is an exclusion in the event of a pandemic announced by the World Health Organisation therefore insurance companies are not going to pick this up for the vast majority of businesses.

They might have now, but i dont recall buying it when I was doing it previously and i dont think BI cover would cover for this sort of interuption

[rea 848]

4 minutes ago, Desperately Seeking Susans said:

Eh? eh?

It's not what I want and its not possibly applicable to St Mirren.  The likelihood of 'small print' would be universally applicable throughout the football industry.  There will be circumstances whereby clubs would be incapable of paying wages in circumstances where, for example, there is a social upheaval and, as I said, wars etc.  

 

nope, if businesses cannot play their bills they go bust, or shareholders inject working capital; etc etc.

[Thorizaar 1,079]

All businesses and industries will be affected in some way. You'd like to think if it becomes major for the economy, there would be some sort of "bail out" arranged, even if just free, unconditional overdrafts to pay staff and bills etc

[rabuddies 1,403]

Don't sweat the small print.  😰

[Desperately Seeking Susans 1,479]

2 minutes ago, rea said:

nope, if businesses cannot play their bills they go bust, or shareholders inject working capital; etc etc.

I think you're missing the point.  We are talking about CONTRACTS.  I'm postulating as to the existence of clauses which may exist.  Many clubs couldn't continue to pay wages if gate money stops.  It's not a case of clubs 'cheating' their players.  Would you be happy for the club to continue to pay a player(s) who has a 3 year contract when there is no revenue coming in.  How long would clubs last?

[Yflab 4,532]

Anyhow we should be fine. The Kibble are on board and I expect new income streams any day now.

Also our chairman has recently come into a large 6 figure sum.....its teams like Morton who are most at risk.

[beyond our ken 3,603]

2 hours ago, rea said:

Cash will be king if the league is suspended.

Banks wont lend to the majority of clubs and most of the clubs costs will continue while the revenue takes a nose dive.

Historically Board members of the Club would contribute 6 figure sum to tide over the club when cash was tight.

So if the club need cash now, then who on the board is going to sort and we now now have two Kibble members so will Kibble be contributing.

This is potentially a disaster for a vast number of Scottish Football Clubs, let alone all the other Sports and Business that live hand to mouth

Can you point to an instance where cash is NOT king in scottish football?this is certainly a setback with most clubs happy to have gotten to this point in the season without significant weather disruption.  We have survived extended frozen spells and can stand the 2-3 weeks of disruption that we face

[smcc 1,268]

10 minutes ago, beyond our ken said:

Can you point to an instance where cash is NOT king in scottish football?this is certainly a setback with most clubs happy to have gotten to this point in the season without significant weather disruption.  We have survived extended frozen spells and can stand the 2-3 weeks of disruption that we face

I think it is highly likely that th4e disruption is likely to be much loner than 2-3 weeks if the number of coronavirus cases continues to increase axs expected.

[ged62 1,471]

Maybe the forum should be shut down, cause we certainly seem to have a virus who has been let out of isolation by Dr Div and he is polluting every thread...…..

He seeking attention again
His private hire must be quiet, 🤧

[DougJamie 6,891]

Just now, ged62 said:

He seeking attention again
His private hire must be quiet, 🤧

He lives off attention , mind u at 4ft 9 round and 4ft 10 he attracts that simply by just walking down the street 

[faraway saint 30,981]

Don't know about clubs but it could kill the forum...........................

[Desperately Seeking Susans 1,479]

10 minutes ago, Dickson said:

It would be though. They would be doing exactly that if they were sacking players without buying out their contracts. 

I'll say it again...yes, under normal circumstances.  If such clauses exist, and remember, I would imagine that those circumstances would be unprecedented, then players would sign the contract.  No one, given coronavirus, would ever anticipate these traumatic events.  You are painting a picture of clubs screwing players.  That is simply not the case.  No one wants this situation and no doubt if this health issue continues then clubs and players would compromise but, at the end of the day you can't expect clubs to continually pay players when they can't afford to.  Remember, this is not an internal issue of club vs player, but an external one beyond the control of clubs.

[Yflab 4,532]

1 minute ago, Dickson said:

Nah sorry, I'm not seeing it your way. If businesses cannot fulfil the terms of the contracts they have signed then they should go into administration where the creditors will pick over the pieces remaining. You seem to be wanting football to be a special case. This should not be the case. Football clubs should not be exempt from UK law. 

I’d go along with that. Just as long as the panda club face painters get paid. We don’t want to be compared to Oldco.

[delpierro 736]

Due to a long shutdown. 
Fecking hope so and serves them all right. 
FECKEM.
And when they all reform, hopefully they will mostly be Part Time and charging no more than £9 admission price.
And there should be just 40 new Clubs. 
Just what the beautiful game needs.   

Maybe it will push summer fitba' in to contention.

[Yflab 4,532]

If every SMiSA member were to be successful in changing banks to take advantage of £175 switch offer from RBS then we could raise £210,000 to secure the immediate future of our club.

https://personal.rbs.co.uk/personal/current-accounts/select_account.html

ETA: as long as Kibble do likewise of course!

Edited March 13, 2020 by Yflab

[HSS 12,035]

sevco will be one of the favourites to be in trouble.Most clubs will have some money to help them thru this but poor old sevco need the match day income to survive.

Maybe the Virus ain’t as bad as we thought.

[rea 848]

2 hours ago, Desperately Seeking Susans said:

I think you're missing the point.  We are talking about CONTRACTS.  I'm postulating as to the existence of clauses which may exist.  Many clubs couldn't continue to pay wages if gate money stops.  It's not a case of clubs 'cheating' their players.  Would you be happy for the club to continue to pay a player(s) who has a 3 year contract when there is no revenue coming in.  How long would clubs last?

and i am postulating that such a clause does not exist

[rea 848]

2 hours ago, beyond our ken said:

Can you point to an instance where cash is NOT king in scottish football?this is certainly a setback with most clubs happy to have gotten to this point in the season without significant weather disruption.  We have survived extended frozen spells and can stand the 2-3 weeks of disruption that we face

perhaps it would be better had i said that Cash Flow is king as opposed to P and L.

I hope it will be only 2 to 3 weeks...but i suspect more like 2 to 3 months

 

[St.Ricky 8,263]

4 hours ago, Dickson said:

Going to be an interesting time, that's for sure. 

I wonder how many football clubs will look to create some sort of e-Sport competition. If people are going to be house bound soon then the social element as well as the entertainment element could become quite important as well as providing some sort of revenue. 

 

1877 Club.. Open it on Saturdays. 

[antrin 5,006]

17 minutes ago, St.Ricky said:

1877 Club.. Open it on Saturdays. 

With that post, you completely miss the whole point of Quarantine, Self-Isolation and why there has been an abandonment of the football fixtures and other gatherings world-wide.

 

 

Sigh... 

[Desperately Seeking Susans 1,479]

58 minutes ago, rea said:

and i am postulating that such a clause does not exist

Fine.

[Desperately Seeking Susans 1,479]

1 hour ago, Dickson said:

Nah sorry, I'm not seeing it your way. If businesses cannot fulfil the terms of the contracts they have signed then they should go into administration where the creditors will pick over the pieces remaining. You seem to be wanting football to be a special case. This should not be the case. Football clubs should not be exempt from UK law. 

Go back and read my original post.  If such 'small print' exists players will have been guided by their agents who scrutinize the contract and if they sign how can the clubs cheat them?  I'm not advocating this or that I'm simply postulating the existence of such a clause given the coronavirus situation.

[St.Ricky 8,263]

22 minutes ago, antrin said:

With that post, you completely miss the whole point of Quarantine, Self-Isolation and why there has been an abandonment of the football fixtures and other gatherings world-wide.

 

 

Sigh... 

Thought no one would notice! 

Trust you.