O/T Who would be a football club director?
Posted: Thu Feb 02, 2017 12:23 pm
First & foremost, this is not designed nor intended to be a discussion of the current situation hence O/T. However, what's going on and the club's finances have made me wonder why people become football club directors. Any numbers I might mention are entirely made up, this is a theoretical situation to help discuss why people do it.
Imagine you're a club director, you're having a business discussion with a financial advisor and you lay it all out, £25K loss per month, struggling to pay wages, expenditure greater than income for the last X years, etc. You also forget to mention your Ltd company was a football club. First thing they'd say it's insolvent, next thing would be to close it down immediately and walk away. Yet loss making football clubs survive thanks to generous directors.
Love of the club? A long-term investment? 15 minutes of fame? Some situations remind me of Bullseye, look what you could have had.
Don't get me wrong, I appreciate the financial burden that directors are under in a loss making situation and I'm not trying make light of it, I'm just wondering why they do it, and would I in their position. I don't know.
Imagine you're a club director, you're having a business discussion with a financial advisor and you lay it all out, £25K loss per month, struggling to pay wages, expenditure greater than income for the last X years, etc. You also forget to mention your Ltd company was a football club. First thing they'd say it's insolvent, next thing would be to close it down immediately and walk away. Yet loss making football clubs survive thanks to generous directors.
Love of the club? A long-term investment? 15 minutes of fame? Some situations remind me of Bullseye, look what you could have had.
Don't get me wrong, I appreciate the financial burden that directors are under in a loss making situation and I'm not trying make light of it, I'm just wondering why they do it, and would I in their position. I don't know.