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Wanderers Ways. Neil Thompson 1961-2021

Sweaty Ken


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9 minutes ago, tomski said:

Reading that, is sluffy saying they don't need paying for a bit as they are footballers?

 Wow

No I'm not, in fact if you read what I've wrote I even say "wages should be paid on time".

What I am saying though that professional footballers are in a fortunate position that with the Football Creditors rule and the wealth of their governing body and PFA they are in the position of being guaranteed to be paid no matter what.

Not many others in employment have that certainty of such a safety net.

 

 

 

Edited by Sluffy
grammar error
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3 minutes ago, tomski said:

Reading that, is sluffy saying they don't need paying for a bit as they are footballers?

 Wow

T. I had a youth team player in last week who was concerned about his wage coming through because he was going Christmas shopping with his girlfriend yesterday.

I was aware of the problem last Tuesday from a member of the  clerical staff. 

 

 

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Just now, Sluffy said:

No I'm not, in fact if you read what I've wrote I even say "wages should be paid on time".

What I am saying though that professional footballers are in a fortunate position that with the Football Creditors rule and the wealth of their governing body and PFA they are in guaranteed to be paid no matter what.

Not many others in employment have that certainty of such a safety net.

 

 

 

How can you know any of this? Player earns more and is more likely to have higher outgoings. Why are more footballers struggling with bankruptcy more than ever despite earning more than ever?

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2 minutes ago, Boby Brno said:

T. I had a youth team player in last week who was concerned about his wage coming through because he was going Christmas shopping with his girlfriend yesterday.

I was aware of the problem last Tuesday from a member of the  clerical staff. 

 

 

I can believe it. Not good

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1 minute ago, tomski said:

How can you know any of this? Player earns more and is more likely to have higher outgoings. Why are more footballers struggling with bankruptcy more than ever despite earning more than ever?

Whilst they are employed as professional footballers their wages are guaranteed under the Football Creditors rule - feel free to check it out if you doubt me.

Their outgoings are up to them - if they spend more than they earn they will be in debt - just like the rest of us - but they are at least still guaranteed their full wages and any costs associated with any late payment of them, which is certainly not necessarily the case for most people in employment. 

As for going bankrupt after they've finished their career that's nothing at all to do with whether or not they've been paid on time whilst they were in employment as a professional footballer.

 

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9 minutes ago, Sluffy said:

Whilst they are employed as professional footballers their wages are guaranteed under the Football Creditors rule - feel free to check it out if you doubt me.

Their outgoings are up to them - if they spend more than they earn they will be in debt - just like the rest of us - but they are at least still guaranteed their full wages and any costs associated with any late payment of them, which is certainly not necessarily the case for most people in employment. 

As for going bankrupt after they've finished their career that's nothing at all to do with whether or not they've been paid on time whilst they were in employment as a professional footballer.

 

I think it's relevant and gives context to people's outgoings suggesting they are higher as they earn more.

anyway it's not worth a lengthy debate. 

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11 minutes ago, Sluffy said:

Whilst they are employed as professional footballers their wages are guaranteed under the Football Creditors rule - feel free to check it out if you doubt me.

Their outgoings are up to them - if they spend more than they earn they will be in debt - just like the rest of us - but they are at least still guaranteed their full wages and any costs associated with any late payment of them, which is certainly not necessarily the case for most people in employment. 

As for going bankrupt after they've finished their career that's nothing at all to do with whether or not they've been paid on time whilst they were in employment as a professional footballer.

 

Doesn't the Football Creditors Rule make the players preferred creditors, as opposed to guaranteeing the wage ? Because theres a huge difference between the two.

If theres no money to pay anyone, the preferred creditors get the same as everyone else - zip.

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2 minutes ago, ZiggyStardust said:

Doesn't the Football Creditors Rule make the players preferred creditors, as opposed to guaranteeing the wage ? Because theres a huge difference between the two.

If theres no money to pay anyone, the preferred creditors get the same as everyone else - zip.

Yes you are correct but I'm fairly certain the PFA makes up any potential shortfall.

 

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49 minutes ago, tomski said:

To be honest it's pathetic and there isn't much to say about it anymore. The knock on could be enormous. Would you want to sign for this regime?

 

We seem to be able to sign plenty happy to take 3 or 4k a week

Not very good, imo, but aye, plenty will sign

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Just now, Casino said:

We seem to be able to sign plenty happy to take 3 or 4k a week

Not very good, imo, but aye, plenty will sign

I've been surprised how many sign but the longer it goes on.............

also I wonder how many said no ta just off the back of it

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13 minutes ago, Kane57 said:

Seems reasonable enough - not sure they're the ones at fault here.

It was a joke referencing another posters term of the word darkie.

you think digging out posts from a football forum during a rational debate about a football clubs finacnes, removing them completely from any form of context then putting it all over social media next to that posters real name is reasonable?

 

You need to fuck off as well. We can all play that game if we wanted to. 

 

 

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4 hours ago, Casino said:

We could be making profit, yet still go bust dependent on timings re cash coming in/out

Also, if I'm trying to flog something, I don't tell potential purchasers that it's shit

If you have to provide access to your accounts, then sooner or later the purchaser will smell a rat.

As for the profit, obviously cash flow can be a problem, though surely Ken would have had a rough idea of when money would come in. The amount may be less predictable, though again, I hope he didn't base this on 20000 home crowds.

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The fact the cash flow is so fragile & the resulting consequencies so serious makes the players 'plight' seem less important although it cant be a good thing obviously.

The fact we are living hand to mouth in a  business sense gives every man & his dog the chance to have a pop even though THEY have no answers .

KA has done the dirty work on the finances and he often alludes to the fact that more bums on seats creates a more sustainable business(ad nauseam) 

Of course he is right but the Bolton public are not that gullible 

They would just watch & and moan from a safe non paying distance & watch the club they profess to support go down the tubes. As for the ST a strongly worded letter is the answer rarther than a ' consortium of high worth individuals' offering Ken a way out.

 

 

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2 hours ago, Sluffy said:

No I'm not, in fact if you read what I've wrote I even say "wages should be paid on time".

What I am saying though that professional footballers are in a fortunate position that with the Football Creditors rule and the wealth of their governing body and PFA they are in the position of being guaranteed to be paid no matter what.

Not many others in employment have that certainty of such a safety net.

 

 

 

Few years ago when Kevin Kilbane was at Hull they were going through similar financial problems about paying staff. He basically said don't pay me, I don't need the money, sort it out when the club is on an even keel 

They get better off and offer him what they owed him. He turned it down again saying he didn't need the money and the club's future was more important 

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2 minutes ago, Marc505 said:

Bloody hell taken way out of context that comment, I knew it was referencing someone else's ridiculous post from way back. In isolation it looks bad... And I'm sure that was the point of sticking it all over twitter. 

Exactly. He’s just being a contrary wanker to get some attention from his meagre brigade of fellow bedwetters.

He has Twitter Fwends who I know on Facebook who regularly call each other spaz, gay, etc etc...

Gonzo’s the last person he wants to take on.

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