FORUMS > The Virtual Terrace > Stupid money. |
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| Quote: GIANT DAZ "proposterous amounts of money in football these days...all the financial problems in the world could be solved in a month if every premiership player donated 1 months wages to its country of birth !!!!'"
20 premiership teams, say a squad of 25 so that's 500 players. Even if every player was paid the same as Tevez on 250,000 a week that would only amount to £500m.
That would pay off 0.12% of the US yearly debt interest payments.
Whilst the footballers are paid ridiculous sums of money, at least some of them have some talent rather than those overpaid arrogant t0ssers in The City, happily taking millions in bonuses while laying people off thanks to their own greed.
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| Quote: Him "20 premiership teams, say a squad of 25 so that's 500 players. Even if every player was paid the same as Tevez on 250,000 a week that would only amount to £500m.
That would pay off 0.12% of the US yearly debt interest payments.
Whilst the footballers are paid ridiculous sums of money, at least some of them have some talent rather than those overpaid arrogant t0ssers in The City, happily taking millions in bonuses while laying people off thanks to their own greed.'"
excellent maths there
20x25x250000x52 weeks = £6.5 BILLION
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| Quote: Saint Simon "excellent maths there
20x25x250000x52 weeks
There aren't 25 players on £250,000 a week in the Premier League. Bar the top two or three I doubt any player is. Everton for example only recently broke their self imposed wage cap of £40,000 a week and that was for Mikel Arteta who has since been flogged.
But on football, it's not like there is that much money in the sport. The sport spends more than it earns each year. Pretty unsustainable if you ask me.
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| Quote: Saint Simon "excellent maths there
20x25x250000x52 weeks
Yes that would be the yearly wage of all the players, except the poster I was responding to clearly stated only a months wages would solve the problem. Excellent reading there
Even so, if we took an entire League of Tevez-like wages for a whole year it would pay only 1.5% of the US annual debt interest payments, it's hardly solving the entire financial crisis.
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| Quote: Damo-Leeds "I hope that one day rugby league does go down the money path because many rugby league players come from poor backgrounds just like the football players.'"
The game just doesn't generate enough interest over here mate, RL will never be in a position to pay a player £200 grand a week,
Joel Tomkins reputed to be offered £400,000 a YEAR to play union at Saracens.
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| When all clubs can afford to pay full cap and break even at the end of the year then up it. Until then don't, it's not like it will make a blind bit of difference to one or two players being offered silly money from RU.
Much bigger impact than RU will be when the NRL cap goes up and they get two more expansion teams. Then we will see a dramatic reduction in 1st grade NRL players moving to SL, this will leave a big gap in clubs rosters from 2014 onwards.
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Quote: Him "Yes that would be the yearly wage of all the players, except the poster I was responding to clearly stated only a months wages would solve the problem. Excellent reading there
Visual representation of US debt, just to cheer up your Thursday.
usdebt.kleptocracy.us/
Not quite as good UK version too...
t.co/uWTr4Grf
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Quote: Him "Yes that would be the yearly wage of all the players, except the poster I was responding to clearly stated only a months wages would solve the problem. Excellent reading there
Visual representation of US debt, just to cheer up your Thursday.
usdebt.kleptocracy.us/
Not quite as good UK version too...
t.co/uWTr4Grf
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| Quote: Damo-Leeds "I hope that one day rugby league does go down the money path because many rugby league players come from poor backgrounds just like the football players.'"
Welcome to the wonderful world of Damo-Leeds logic. Happy for tens of thousands of poor and working class people to be ripped off on ticket and shirt prices etc so that 11 people from poor and working class backgrounds can earn more money than they ever dreamed of
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| Quote: BobWire "Visual representation of US debt, just to cheer up your Thursday.
Indeed. I'm not sure Tim Howard & Clint Dempsey donating their wages will make much of an impact on a few trillion dollars of debt to be honest.
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| There won't be any limit on what Football clubs pay their players.
The only thing which appears to be an effort to bring income and expenditure into line is the uefa fair play rule and that has its limits as City have just proved with their naming right deal on the stadium.
The top 20 European clubs tried to introduce a salary cap well over a decade ago and wrote to the EU for its approval.
The EU told them to forget it, it was illegal as a restraint of trade, they, reportedly told them don't bother writing again or phoning about it!
I'd just love the owner of Barrow to go to the courts over the sanctions which were imposed for the breech of the SC bring a restraint of trade!
I wonder if the RFL would even defend the SC through the courts!
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| Quote: Father Ted "There won't be any limit on what Football clubs pay their players.
The only thing which appears to be an effort to bring income and expenditure into line is the uefa fair play rule and that has its limits as City have just proved with their naming right deal on the stadium.
The top 20 European clubs tried to introduce a salary cap well over a decade ago and wrote to the EU for its approval.
The EU told them to forget it, it was illegal as a restraint of trade, they, reportedly told them don't bother writing again or phoning about it!
I'd just love the owner of Barrow to go to the courts over the sanctions which were imposed for the breech of the SC bring a restraint of trade!
I wonder if the RFL would even defend the SC through the courts!'"
Please explain just how a salary cap can be construed as a restraint of trade?
IIRC restraint of trade applies to an individual, nothing I can see in SC rules is restraining anyone, unless of course, a player were to prove that if the salary cap was not in place, he could demand and seriously expect to be paid £1.65 millions per year
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| Also there is the tricky issue of an RFL regulation that clubs cannot sue the RFL. Well they can, but they are in breach of RFL regulations by doing so and so would receive further punishment such as the club being de-registered.
I would imagine it's also difficult for a club to take the RFL to court over rules and regulations that they agreed to.
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| Quote: cod'ead "Please explain just how a salary cap can be construed as a restraint of trade?
IIRC restraint of trade applies to an individual, nothing I can see in SC rules is restraining anyone, unless of course, a player were to prove that if the salary cap was not in place, he could demand and seriously expect to be paid £1.65 millions per year'"
Surely they would only need to prove a player couldn’t earn whatever it is a club was prepared to offer because of the salary cap.
If a club was prepared to offer me £300k but couldn’t because of the salary cap, it matters not that is because other people are paid other amounts, it is my ability to earn my market worth that is impacted, not to mention it unfairly restricts my market value to start with.
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| Quote: Him "Also there is the tricky issue of an RFL regulation that clubs cannot sue the RFL. Well they can, but they are in breach of RFL regulations by doing so and so would receive further punishment such as the club being de-registered.
I would imagine it's also difficult for a club to take the RFL to court over rules and regulations that they agreed to.'"
That doesnt apply to players though, nor does it disgraced directors who have been banned for 7 years.
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| Quote: SmokeyTA "That doesnt apply to players though, nor does it disgraced directors who have been banned for 7 years.'"
But the director has not been impacted by the salary cap since his wage does not count so I would imagine he would not be able to sue the RFL over the salary cap itself. He could, presumably, attempt to sue them with regards to his own personal punishment and protest it was too harsh but again that is not really suing the RFL over the salary cap as restrain of trade but over not applying appropriate punishment in his eyes.
As you say it doesn't apply to players, but it would take a very brave/stupid player to try it since it would cost them a lot in the short term and there's still no guarantee he'd win since the salary cap is at £1.6m and he might have to try and prove he was worth more than that and could command a wage of more than that were there no salary cap in place. I note your reply to Codead but I don't think that's strictly true since nothing is stopping Wigan, for instance, allocating all their salary cap to Sam Tomkins and paying him £1.6m, they simply made a choice it wasnt worth having only 1 senior player compared to 25 on lower wages.
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