Furloughing staff

[Lighty64]

Obviously he's not going to have billions available, but I'd be surprised if he couldn't lay his hands on several million pretty easily.

I expect he could, but how do you know he isn't covering the 330 peoples wages that are not on the government scheme and the millions per month to continue paying the whole playing staff which isn't only 25 players, a manager, and coaches.

 

[Saoirse]

Obviously he's not going to have billions available, but I'd be surprised if he couldn't lay his hands on several million pretty easily.



I agree with most of that and I don't really have an issue with us furloughing staff, but it does seem wrong to ask for a government grant in April and then go out and spend millions on new players in July/August. Saying that there will be many big businesses who are going the same route of furloughing workers who will then have to go out and spend millions developing their products.

As you say it would be great if we could pay it back and maybe give the workers their lost earnings when we're back in profit.

Morally wrong perhaps, but I think that turning that into a policy would lead to clubs taking gambles and could do more harm than good.

 

[Doctor Dinkey]

I was doing the 8pm clap today in honour of Levy's ingenuity of saving a couple of quid for THFC. Hurrah!

 

[nailsy]

I expect he could, but 1, how do you know he isn't covering the 330 peoples wages that are not on the government scheme and the millions per month to continue paying the whole playing staff which isn't only 25 players, a manager, and coaches.

If he was doing that we wouldn't need to furlough anyone.

 

[DFF]

FYI "this means more" is a very specific reference to Liverpool's self-given motto, that's why I put it in quotes.
It wasn't some type of generic reference to football clubs meaning more to football fans than other businesses.

Liverpool FC’s motto ‘This means more’ is patently ridiculous

Liverpool already has a world-famous football “catchphrase”. So why does the club’s marketing department keep trying to invent new ones?

www.gq-magazine.co.uk

 

[Lighty64]

You don't know what is happening because you don't understand finance at all, but always feel compelled to bring it up.

To try and help.
Southampton players are not taking a cut, they have agreed to take a partial deferral, as it says on SSN.
They are taking it only on condition that Southampton do not cut wages or furlough any non-playing staff.
Southampton will still have to pay the players their wages in full, just the amount they have deferred will be paid to them in 3 months time for example, along with that months wages *so a bumper pay packet)
Just helps out the clubs short term cashflow.

They have done exactly as I was told yesterday would happen with our club, Our players will not entertain anything the club wants, without the protection of the staff and in our case that will mean the decision to cut wages and furlough our non-playing staff being reversed.

PFA have told the clubs there will be no overall settlement, and they must each negotiate individually with their own players, however the players hold all the cards, and Daniel will have to back-track if he wants any contribution from our players (who are now not seen as the bad guys due to the Charity announcement yesterday)

I do understand finances, I used to be self-employed, and accounts was my only qualification from school, so shut up.

just because I never wanted to go through 20yrs of Spurs accounts to show we could have spent 300m and not broke FFP, when I know if we had done that on top of building a stadium (1b not 2 bob) when it came to the end we wouldn't of got the deal with the banks we did. just like you if someone went and borrowed 20k tomorrow, it wouldn't be easy to go borrow another 10k the day after.

still waiting for all those clubs that have 900 nonplaying staff by the way, the only 1 that might have that amount being Man Utd who 1, have a bigger everything income-wise than us, and being nearly over 2½ hundred million higher up the money list.

 

[Lighty64]

If he was doing that we wouldn't need to furlough anyone.

we have absolutely no income (no home game since 1st March), and we are still covering near on 10m a month on wages £7.25m just on the 1st team, not taking into account what we pay for anyone not in the 1st team and over the age of 16, over 1m per month for JM and ? how much the training staff, and on top of that 330 nonplaying staff

 

[mezza84]

The scheme is designed to prevent genuine redundancies occurring.

In fact a staff member can refuse to be furloughed and force redundancy (with the associated payments). But they won't have a job after. So it is not entirely one way.

The scheme is designed to protect employees future and not for exploitation by employers.

If any company cannot afford to pay staff then the scheme can be used to retain employees, then crack on.

 

[nailsy]

we have absolutely no income (no home game since 1st March), and we are still covering near on 10m a month on wages £7.25m just on the 1st team, not taking into account what we pay for anyone not in the 1st team and over the age of 16, over 1m per month for JM and ? how much the training staff, and on top of that 330 nonplaying staff

There's no indication that Lewis has put any money into the club yet. Making stuff up doesn't help whatever argument you're trying to make.

 

[Lighty64]

There's no indication that Lewis has put any money into the club yet. Making stuff up doesn't help whatever argument you're trying to make.

I didn't say he has, I'm saying he might be doing it. all I know is the club are 630m in debt, we have next to nothing income at the moment, and are still paying over 10m a month in wages, and all the bills, and expenses (rates) for the stadium (doubt the council is letting us off of the council tax bill), and have no idea whether we even see any more football in 2020. we are going to be in the shit if this season isn't completed with money owed in paying back.

apparently he was meant to of actually put 50m (was something about it in the stadium thread) during the build.

 

[nailsy]

I didn't say he has, I'm saying he might be doing it. all I know is the club are 630m in debt, we have next to nothing income at the moment, and are still paying over 10m a month in wages, and all the bills, and expenses (rates) for the stadium (doubt the council is letting us off of the council tax bill), and have no idea whether we even see any more football in 2020. we are going to be in the shit if this season isn't completed with money owed in paying back.

apparently he was meant to of actually put 50m (was something about it in the stadium thread) during the build.

Ok, you've convinced me. He's pumping money into the club, but he couldn't be bothered to help the guys who've been furloughed.
I was fine with us using the scheme before, but you've turned me around.

 

[jay2040]

Ok, you've convinced me. He's pumping money into the club, but he couldn't be bothered to help the guys who've been furloughed.
I was fine with us using the scheme before, but you've turned me around.

Refreshing to see some one being so humble.

 

[Lighty64]

Ok, you've convinced me. He's pumping money into the club, but he couldn't be bothered to help the guys who've been furloughed.
I was fine with us using the scheme before, but you've turned me around.

I didn't say he was, please show me a post were I have said he is

 

[nailsy]

I didn't say he was, please show me a post were I have said he is

OK

He's pumping billions into the club and he's washing everyone's cars too.

Obviously you haven't said he is, you've said he might be. I could just as easily say he might have decided that he doesn't want to lose money if the club goes bust and he might be selling off the clubs assets. There's nothing to indicate that he's doing either thing at the moment.

You started off by telling me that his money would be tied up in industry, paintings and a yacht and then a couple of posts later you're telling me he might be putting money into the club to pay everyone's wages.

And I know the club could be in trouble in a few months which is why I was fine with the club's decision to use the government scheme.

 

[Lighty64]

OK



Obviously you haven't said he is, you've said he might be. I could just as easily say he might have decided that he doesn't want to lose money if the club goes bust and he might be selling off the clubs assets. There's nothing to indicate that he's doing either thing at the moment.

You started off by telling me that his money would be tied up in industry, paintings and a yacht and then a couple of posts later you're telling me he might be putting money into the club to pay everyone's wages.

And I know the club could be in trouble in a few months which is why I was fine with the club's decision to use the government scheme.

at the end of the day none of really know what's happening within the club, no one knows what Lewis does apart from owning the majority shares, no one knows who furloughed the wages, all we do know is Levy gets the blame

Liverpool changed from furloughing 200 staff, we have furloughed 220, and 330 more of those 550 took a 20% cut. I would really love to know how many nonplaying staff every club has, especially as those that haven't furloughed. if a big club like Liverpool only has 200 then we are still paying more wages than them. we are the 4th richest turnover club now in the UK thanks to the stadium, something I very much doubt we would have had without ENIC. yes we have suffered on the field and yes it would be great too have won 3 or 4 more trophies, but how do you compete with the riches of Man U been winning things permanently since 92 or 93, Liverpool who yes had a bad 8yrs in the last 50yrs, Man C or Chelsea who have both spent 1.85b to win trophies, for us to do that and build a stadium that allows us to pay higher wages, and be able to afford higher transfers would have meant being 2.5b in debt.

as I say no one knows, it might have even been the banks that advised us to furlough, but nope in the ENIC haters it's all down to Levy, and it is so boring especially where we were before they took over

 

[teedee]

at the end of the day none of really know what's happening within the club, no one knows what Lewis does apart from owning the majority shares, no one knows who furloughed the wages, all we do know is Levy gets the blame

Liverpool changed from furloughing 200 staff, we have furloughed 220, and 330 more of those 550 took a 20% cut. I would really love to know how many nonplaying staff every club has, especially as those that haven't furloughed. if a big club like Liverpool only has 200 then we are still paying more wages than them. we are the 4th richest turnover club now in the UK thanks to the stadium, something I very much doubt we would have had without ENIC. yes we have suffered on the field and yes it would be great too have won 3 or 4 more trophies, but how do you compete with the riches of Man U been winning things permanently since 92 or 93, Liverpool who yes had a bad 8yrs in the last 50yrs, Man C or Chelsea who have both spent 1.85b to win trophies, for us to do that and build a stadium that allows us to pay higher wages, and be able to afford higher transfers would have meant being 2.5b in debt.

as I say no one knows, it might have even been the banks that advised us to furlough, but nope in the ENIC haters it's all down to Levy, and it is so boring especially where we were before they took over

Liverpool have 675 non-playing staff and Man U a similar number.

 

[joelstinton14]

In the end Levy’s decision will either be a prudent one (acting quickly) or a stingy one. It depends on what happens to the economy and how quickly we can get back playing football.

Furloughing is probably one of a range of different actions that have been undertaken

Think it is obvious Levy has a pessimistic view of the next year to 18 months. We were close to entering recession before this started, other counties are entering recession, we will still have the shock of leaving the EU to come. Economist expect a loss of 14% of total GDP (range of 7%-24% forecasted). With our debts?

I think in a time like this, he needs to be transparent in his communication. Hopefully in the next statement he can (if he doesn’t reverse the decision) explain his thinking.

 

[Lighty64]

Liverpool have 675 non-playing staff and Man U a similar number.

so why did they only pick on announcing 200 instead of 200 out of 675.

 

[pelayo59]

CLARIFYING THE STAFFING SITUATION AT SPURS
There are 550 non-playing staff at Tottenham Hotspur. Roughly 60% of those, so around 320 staff, have been asked to agree to a 20% wage cut and to continue working from home for April and May. Some 40%, that’s around 220, have been asked to agree to join the Government’s Coronavirus Job Retention Scheme, otherwise known as being “furloughed”. They are forbidden from carrying out any work for THFC for the duration of their furlough period, which has to be for a minimum of three weeks. Under the furlough scheme, the state will pay 80% of the wages of those furloughed staff up to a total of £2,500 a month. The Club is topping up the wages of staff where 80% of their usual earnings amounts to more than £2,500 a month. None of the 550 affected staff at Spurs are earning less than 80% of their previous full wage.
The Club is continuing to pay the wages of non-furloughed staff at 80% of normal level, and is also paying the furloughed staff directly, but will claim those payments back from HMRC. The Government’s furlough scheme is currently intended to cover the months of April and May only. It is possible to recall staff from furlough at any point after an initial three-week period.
The Club’s Directors have also taken a 20% wage cut. We understand that casual and matchday-only staff are receiving payments under the furlough scheme based on projected earnings from average monthly pay packets to date.
The Club’s playing and coaching staff remain on full wages. To be clear, the contracts of these staff cannot be varied without agreement, and without the involvement of the Professional Footballers’ Association and the League Managers’ Association. So, reports that THFC has “chosen” not to impose wage cuts on playing and coaching staff are incorrect.

Reports from THST link

 

[thekneaf]

so why did they only pick on announcing 200 instead of 200 out of 675.

All these staff figures are available on company's house gov website. If you do look at any teams, be sure to look for other registered companies. United have a football club, a limited company and a trust as far as I can see, all with separate annual reports.