Well that was information overload or what I have a reasonable idea how a club is run or so I thought , but you have what they call in certain parlance put me to bed . That was a very thoughtful and incisive video. Thank you ! 🤘
Didn't mean to get too into the weeds, maybe I should work how how to use captions and slides properly. There is so much of this financial engineering happening in business, not just football, that I could have gone on for hours!
Great show Mike. My answer to the first question is no...I'm still annoyed at having to pay 75pound more than last year season ticket. Eventually they will keep putting it up until a oap ticket becomes full price adult. Question 2 please sign a goal machine in time for Bastards utc
Cheers for the feedback, much appreciated! The point of the two questions is effectively the same thing, just on a different scale - putting the club in debt in order to get success. It's just the definition of "success" has changed from "winning things" to "making money". The ticket pricing I could have gone on about - along with many other aspects of the business side. Why are they squeezing the ticket prices when they largely don't matter? Because they can. The major US sports (I don't think) have such age based pricing discounts and as far as the owners are concerned, the seat is a fixed cost whether you sit in it aged 5, 15, 50 or 85.
The final question you should have asked is. If the liquidation value of Burnley is £150 million And you could buy it for £100 million, would you buy and liquidate it and then walk away with £50 million.? What do you think ALK would do, if they could liquidate Burnley for profit?
That's not the ALK way of doing business - they take what they considering underperforming businesses and turn them into ones making some/more profit. As for the wider point of asset stripping... there isn't really the value in a football club to make it worthwhile. A club has assets of a training ground, stadium and players. Players are constantly depreciating assets. The land for the training ground and stadium are worth nowhere near the required price and that's before you consider the pitchforks and firey torches that would appear if someone tried it. One of the things about phoenix clubs like Bury, Wimbledon and others is that the grounds are still there and usually in use. I think Turf Moor is an Asset of Community Value so has protections upon it. It's a worst case scenario, but one that is highly, highly improbable.
Mike do you know that the new government have put in process legislation that water company bosses will face personal criminal liability for breaking laws on water quality? The bill also introduces “automatic and severe” fines for transgressions, and water companies will be required to install real-time monitors at every sewage outlet, with data independently scrutinized by regulators. Not sure I see the word "no" anywhere in that lot, however, I do see an increased level of corporate liability. I will be very surprised if any water company bosses go to prison, but at least it might be possible now... Maybe there's a tiny chance for decent football regulation in the UK? 😀
That's classic New Labour. Look like they are doing something, but not actually doing something. All those measures are about stopping the problem getting worse. Not fixing it.
