TV money - £13.8 million hit

Sorry Roger

Sorry Roger

Fans' Favourite
Article in today’s Telegraph giving details of the £330 million rebate to broadcasters because of the suspension of the Premier League earlier this year. It is due to be clawed back over the next two years.

For AFCB the loss of TV income will be:

- a £9 million reduction (actually repayment) of income from last season. So it goes down from £102.2 million to £93.2 million;
- a £2.6 million reduction in this season’s parachute payment; and
- a £2.2 million reduction in next season’s parachute payment.

If we were to be promoted this year, our TV income next year would be down another £8.4 million.
 
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Brilliant !
....we can learn to be more shrewd with money..was hoping it, the Covid consequences, would be worse ( for all clubs in the PL and top end of the Championship. )
 
Brian Hutchings said:
Oh it certainly will....but far worse in the more essential sectors such as factories and farming.
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It will extend far beyond this Brian, and far more so than what we saw in 2008/10.

There are currently c5.8m small businesses (SME's) with anything between 10% and 20% not likely to survive the current/impending crisis because of the direct/indirect impact i.e loss of direct sales; an eradication of the supply chain; the inability to adapt/change the business model and so forth. This will have a significant effect in a number of respects, not least on people and on UK Plc.
 
afcb_rednblack said:
It will extend far beyond this Brian, and far more so than what we saw in 2008/10.

There are currently c5.8m small businesses (SME's) with anything between 10% and 20% not likely to survive the current/impending crisis because of the direct/indirect impact i.e loss of direct sales; an eradication of the supply chain; the inability to adapt/change the business model and so forth. This will have a significant effect in a number of respects, not least on people and on UK Plc.
Click to expand...

Some research in the FT today regarding economic numbers, car usage and footfall data in provincial towns, are showing the towns are rebounding back to life nicely (like ours, see the story in the OHEC today). Many people are returning to some normality in towns and smaller cities. But that London and in particular the City are basically still in lockdown. Nobody wants to get on public transport and go near the place. SMEs that rely on those people are screwed.
 
northstandmark said:
Some research in the FT today regarding economic numbers, car usage and footfall data in provincial towns, are showing the towns are rebounding back to life nicely (like ours, see the story in the OHEC today). Many people are returning to some normality in towns and smaller cities. But that London and in particular the City are basically still in lockdown. Nobody wants to get on public transport and go near the place. SMEs that rely on those people are screwed.
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https://twitter.com/x/status/1305540411230912518

https://twitter.com/x/status/1305540421909708802
 
Two things: to Brian - a job loss can be devastating whatever sector you work in.

also, in Brighton for a few days. Busy but mask wearing being well adhered to.
 
northstandmark said:
Some research in the FT today regarding economic numbers, car usage and footfall data in provincial towns, are showing the towns are rebounding back to life nicely (like ours, see the story in the OHEC today). Many people are returning to some normality in towns and smaller cities. But that London and in particular the City are basically still in lockdown. Nobody wants to get on public transport and go near the place. SMEs that rely on those people are screwed.
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Unfortunately there is little correlation between car usage, footfall etc., and any upturn in the SME economy. The former is understandable, people want/need to get out and about as they've been locked down. Towns and cities may be 'rebounding back to life nicely' in terms of car/people traffic but this belies the reality beyond.

Take those in hospitality sector (and the visitor economy more generally), for example. The vast majority are not even covering costs currently as a consequence of the need to follow guidelines; the retail sector has taken a hammering and continues to do so as so many customers migrated to the likes of Amazon during lockdown and that behaviour continues.

Then there are the hundreds of thousands of businesses that rely on being part of the supply chain and who are being wiped out on a daily basis, and have been for the past few months, due to a decline in the corporate sector and internationalisation opportunities.

Take just one business support Government initiative, the Bounce Back scheme, this has been estimated to have saved over 750,000 SME businesses from going under but, in reality, this is merely a plaster - the majority of those businesses (so over 350,000) will not survive beyond the next few months and so will not be able to repay the debt; of the balance, a significant number will also not be able to repay. The resultant debt from this scheme alone is estimated to be in the region of £100bn.

Sad to say that we are far from a situation where small businesses are rebounding back nicely even if traffic is....
 
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