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How the Salary Cap Works - Scrapped 09/02/2021? (p2)
Comments
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Walk the league by Christmas then if we don't go up this year.
Hope we will be allowed back at The Valley to see Messi and Salah in Charlton shirts. Get your wallet out Tommy boy!9 -
I really hope people don’t get carried away now the cap is gone. Sandgaard is a wealthy man but in comparison to other football owners, he’s not that wealthy.He’s already operating the club at a massive loss and is still optimising every aspect of the club from the top down. We need to be sustainable and not automatically look to spend money we don’t have.All in all, this is still great news for us. It really takes the pressure off this season and gives a strong platform to build on.49
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Hopefully we can get Aneke on a longer contract, I'll be honest not sure I would look to extend anyone else from the first team squad at the moment apart from the loan players2
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Apologies I was wrong, yes we did get a vote and, quite rightly, voted against it. I got muddled up with being under the transfer embargo which meant we couldn't sign anyone (on a decent wedge) before the cap came in.
Still, to me, doesn't exonorate the poxy EFL.1 -
We've been messy for quite some time now.Mendonca In Asdas said:Messy here we come!!4 -
Karen Brady published the wealth of all the championship owners a few months ago. I think your Thomas would be about the 15th wealthiest owner in that league, give or take.ElliotCAFC said:I really hope people don’t get carried away now the cap is gone. Sandgaard is a wealthy man but in comparison to other football owners, he’s not that wealthy.He’s already operating the club at a massive loss and is still optimising every aspect of the club from the top down. We need to be sustainable and not automatically look to spend money we don’t have.All in all, this is still great news for us. It really takes the pressure off this season and gives a strong platform to build on.But a big fish in L1. This scrapping of the wage cap will be massive for you. Ridiculous rule to have in place anyway and totally unworkable.Sensible post about sustainability.20 -
Yes, the club's voted for it but the EFL could and should have
1 advised the clubs in advance that it might break the rules and needed PFA approval.
2 as soon as the PFA challenged it suspended the cap until the independent arbitration was agreed.
3 if 1 and 2 weren't possible ensured that the arbitration was completed before the January window, not after.
The clubs are to blame but so are the EFL for showing no governance.
If the EFL club's voted for big teams to only have ten players to give the little clubs a chance (argument of the absurd) then the EFL can't hide behind "well, they voted for it. The PFA made clear there was no rationale, no objective and that was rushed through but the EFL still allowed it
Cafc43v3r said:Are we really back at angry people shouting EFL at all of footballs wrongs.
The members proposed and voted for it. The EFL didn't inflict it on them. Then it was deemed unlawful so has been scrapped. The timing of which is sod all to do with the EFL. They didn't delay it until after the transfer window shut for laughs.
The EFL are shit and toothless but you can't blame EVERYTHING on them being shit and useless.11 -
Great news! This has to be the first time that Gallen/Bowyer have a free hand in the transfer market subject to TS approval.
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Who actually proposed the cap in the first place, the member clubs that subsequently voted on it or the EFL? Did someone really not notice at any point that this might not actually have been legal (this forum at least certainly thought it was)0
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That's interesting, do you have a link to the article?MillwallFan said:
Karen Brady published the wealth of all the championship owners a few months ago. I think your Thomas would be about the 15th wealthiest owner in that league, give or take.ElliotCAFC said:I really hope people don’t get carried away now the cap is gone. Sandgaard is a wealthy man but in comparison to other football owners, he’s not that wealthy.He’s already operating the club at a massive loss and is still optimising every aspect of the club from the top down. We need to be sustainable and not automatically look to spend money we don’t have.All in all, this is still great news for us. It really takes the pressure off this season and gives a strong platform to build on.But a big fish in L1. This scrapping of the wage cap will be massive for you. Ridiculous rule to have in place anyway and totally unworkable.Sensible post about sustainability.
It's always a nightmare quantifying how much cash someone has to spend based solely on their business portfolio.
Agree the cap was unworkable. I believe a certain type of cap could be good for football, but it has to be from the top down - starting from League One and Two just adds to the ever-increasing divide.2 - Sponsored links:
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Haven't we signed anyone yet?...2
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ElliotCAFC said:
That's interesting, do you have a link to the article?MillwallFan said:
Karen Brady published the wealth of all the championship owners a few months ago. I think your Thomas would be about the 15th wealthiest owner in that league, give or take.ElliotCAFC said:I really hope people don’t get carried away now the cap is gone. Sandgaard is a wealthy man but in comparison to other football owners, he’s not that wealthy.He’s already operating the club at a massive loss and is still optimising every aspect of the club from the top down. We need to be sustainable and not automatically look to spend money we don’t have.All in all, this is still great news for us. It really takes the pressure off this season and gives a strong platform to build on.But a big fish in L1. This scrapping of the wage cap will be massive for you. Ridiculous rule to have in place anyway and totally unworkable.Sensible post about sustainability.
It's always a nightmare quantifying how much cash someone has to spend based solely on their business portfolio.
Agree the cap was unworkable. I believe a certain type of cap could be good for football, but it has to be from the top down - starting from League One and Two just adds to the ever-increasing divide.
https://www.thesun.co.uk/sport/football/12823883/premier-league-efl-bailout-championship/
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Shows you just how little he knows about employment law & the workings of a capitalist society.Rothko said:Man who helped put it together, and saw his golden goose shot
"I know chaps, let's introduce a system where an international player with 15 years experience can get paid less than a 20 year old who hasn't played a league game in his life"
"And to follow that up with capping a club than has 10x the revenue of another club in the same league, so much so that club X goes bust because club A can't buy one of their players because they have spent just 50% of their revenue"7 -
Norwich promoted, Watford promoted, Brentford a club who we would kill to get their level at the moment, three clubs with owners worth less then TS, and three clubs who much better run and cared for then the vast majority of the list aboveclive said:ElliotCAFC said:
That's interesting, do you have a link to the article?MillwallFan said:
Karen Brady published the wealth of all the championship owners a few months ago. I think your Thomas would be about the 15th wealthiest owner in that league, give or take.ElliotCAFC said:I really hope people don’t get carried away now the cap is gone. Sandgaard is a wealthy man but in comparison to other football owners, he’s not that wealthy.He’s already operating the club at a massive loss and is still optimising every aspect of the club from the top down. We need to be sustainable and not automatically look to spend money we don’t have.All in all, this is still great news for us. It really takes the pressure off this season and gives a strong platform to build on.But a big fish in L1. This scrapping of the wage cap will be massive for you. Ridiculous rule to have in place anyway and totally unworkable.Sensible post about sustainability.
It's always a nightmare quantifying how much cash someone has to spend based solely on their business portfolio.
Agree the cap was unworkable. I believe a certain type of cap could be good for football, but it has to be from the top down - starting from League One and Two just adds to the ever-increasing divide.https://www.thesun.co.uk/sport/football/12823883/premier-league-efl-bailout-championship/12 -
I can assure you Mel Morris ain't got £515m anymore.....0
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Norwich get more in one year of parachute payments than the combined wealth of their 2 owners.
QPR have owners worth over 8bn yet hardly spend any money and are pretty shit.0 -
Not sure that will appease some of the posters on the "has Bowyer lost it" thread!ElliotCAFC said:It really takes the pressure off this season1 -
Thomas would be above Gibson?.0
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I think that's the total of all Championship clubs.Chris_from_Sidcup said:Norwich get more in one year of parachute payments than the combined wealth of their 2 owners.
QPR have owners worth 32bn yet hardly spend any money and are pretty shit.2 - Sponsored links:
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Ah yes, edited.bobmunro said:
I think that's the total of all Championship clubs.Chris_from_Sidcup said:Norwich get more in one year of parachute payments than the combined wealth of their 2 owners.
QPR have owners worth 32bn yet hardly spend any money and are pretty shit.0 -
I like and agree with your comment wholeheartedly, except Watford. They're a basket case of a club and one I couldn't stand to support. They make early days Roland look like a patient man when it comes to managers.Rothko said:
Norwich promoted, Watford promoted, Brentford a club who we would kill to get their level at the moment, three clubs with owners worth less then TS, and three clubs who much better run and cared for then the vast majority of the list aboveclive said:ElliotCAFC said:
That's interesting, do you have a link to the article?MillwallFan said:
Karen Brady published the wealth of all the championship owners a few months ago. I think your Thomas would be about the 15th wealthiest owner in that league, give or take.ElliotCAFC said:I really hope people don’t get carried away now the cap is gone. Sandgaard is a wealthy man but in comparison to other football owners, he’s not that wealthy.He’s already operating the club at a massive loss and is still optimising every aspect of the club from the top down. We need to be sustainable and not automatically look to spend money we don’t have.All in all, this is still great news for us. It really takes the pressure off this season and gives a strong platform to build on.But a big fish in L1. This scrapping of the wage cap will be massive for you. Ridiculous rule to have in place anyway and totally unworkable.Sensible post about sustainability.
It's always a nightmare quantifying how much cash someone has to spend based solely on their business portfolio.
Agree the cap was unworkable. I believe a certain type of cap could be good for football, but it has to be from the top down - starting from League One and Two just adds to the ever-increasing divide.https://www.thesun.co.uk/sport/football/12823883/premier-league-efl-bailout-championship/
What is so clear and so important though, and has always been so, is that it isn't the wealth of the owner that is important, it is how it is being run. Brentford is a shining light to the rest of the football league in how you run a football club. But that hasn't come over night. They have been slowly building for years and years.
I don't want Charlton to become a club that starts splashing cash for the sake of it. I am so pleased that we have Gallen and Bowyer who care about each and every penny that we spend, making sure we get the right players in.
I think this scrapping of the cap will help us, but not simply because we can spend more, but because we have the right people at the club to spend the right amount wisely.5 -
Didnt we here that before with SouthallMendonca In Asdas said:Messy here we come!!0 -
The thing I could never quite get with the cap was that you weren't ever allowed to re-invest the money. You could sell your best player for £10m but it made no difference to what you could spend on wages. Seemed utterly stupid and counter-intuitive to running a successful progressive football model.23
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Sanity prevails.3
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Now the cap's gone can lower league clubs run themselves sustainably or are they going to return to pissing their revenues up the wall and bouncing in and out of administration? It'll be interesting to see how this pans out.1
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He's prob got more, he's sold the stadium more times Maddison has swiped right on tinder.supaclive said:I can assure you Mel Morris ain't got £515m anymore.....3 -
Can I please try and summarise the situation.
Am i right in thinking
>>>Cap removed
>>>But transfer window over
>>>Might be able to pick up a couple of loans or free agents (or offshore players?)
>>>But definitely now an opportunity to tie valuable current squad members into new / permanent deals
If my summary is correct, really this is only good news for next season (if we're still in League 1) - right?
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How very surprising that the EFL didn’t think to consult with the PFA before asking the clubs vote for these changes, would never have associated them with such arrogance and incompetence!In all seriousness, common sense prevails and also LAW! The EFL were breaking employment law by placing this cap, any other organisation would have been sued, I agree English football needs proper governing but this cap was not the answer. How can you have the league one and two under a cap and the championship free to do what they want? There’s already a huge gap between the prem and the champ, imagine the gap between league 1 and the champ if this cap would have stayed in place? Ridiculous! Seeing fans of smaller clubs crying on Twitter is rather amusing though.0
