Jordan Willis (5 Viewers)

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RegTheDonk

RegTheDonk

Well-Known Member
Sunderland are having to replace players, and they're doing it by recruting the better ones at this level. Real shame, I like Willis but its business and he has to think of himself. Wish him well, he did his best for us.
 
Sbarcher

Sbarcher

Well-Known Member
RegTheDonk said:
Sunderland are having to replace players, and they're doing it by recruting the better ones at this level. Real shame, I like Willis but its business and he has to think of himself. Wish him well, he did his best for us.
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Seems they have little money to buy players so offering good wages to attract decent Frees. If Oviedo goes and with Cattermoles wages they will have freed up nearly £80k/week. Not stalking them I promise but have relatives who have STs up there.
 
S

SkyBlueCRJ

Well-Known Member
Sbarcher said:
Seems they have little money to buy players so offering good wages to attract decent Frees. If Oviedo goes and with Cattermoles wages they will have freed up nearly £80k/week. Not stalking them I promise but have relatives who have STs up there.
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Surely that isn’t freeing up £80k per week though? Given that their parachute payment are up this season they have to slash their wage bill as it's far to large for L1 for any club, regardless of size. Realistically either a small fraction or none at all of that £80k saved by moving players on will be reinvested back into the playing budget. They have to cut their cloth as if they fail at achieving promotion this season they'll be in serious trouble come this time next summer if they have the same playing budget.
 
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kg82

kg82

Well-Known Member
SkyBlueCRJ said:
Surely that isn’t freeing up £80k per week though? Given that their parachute payment are up this season they have to slash their wage bill as it's far to large for L1 for any club, regardless of size. Realistically either a small fraction or non at all of that £80k saved by moving players on will be reinvested back into the playing budget. They have to cut their cloth as if they fail at achieving promotion this season they'll be in serious trouble come this time next summer if they have the same playing budget.
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I thought parachute payments were for 3 years? Is it only 2?
 
kg82

kg82

Well-Known Member
SkyBlueCRJ said:
I meant this is their last season of parachute payments so after this year they’re done.
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Ah, gotcha! Correct though, doesn’t free up those wages, just gets them off the books. They can’t go and use all that for new players, so cheaper options it is.
 
Sbarcher

Sbarcher

Well-Known Member
The parachute payment (this year £25m and the last), the new owners somehow managed to "borrow" from the club as part of the buy-out from Ellis Short. Effectively using Sunderland's own money to part fund the purchase. Don't ask me how they managed it, but this is the case.
 
Manchester_sky_blue

Manchester_sky_blue

Well-Known Member
SkyBlueCRJ said:
I meant this is their last season of parachute payments so after this year they’re done.
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It't not just the parachute payments, relegated teams get a 1 season grace period before they have to comply with the FFP rules for the division so last year Sunderland didn't have to comply with the wages cap (x% of turnover) but this season they will.
 
Ricketts

Ricketts

Well-Known Member
Manchester_sky_blue said:
It't not just the parachute payments, relegated teams get a 1 season grace period before they have to comply with the FFP rules for the division so last year Sunderland didn't have to comply with the wages cap (x% of turnover) but this season they will.
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But the parachute payment will count towards their turnover, so it shouldnt be an issue.
 
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