Players not paid

[Posh]

On the 6th July this year 750,000 X £1 shares were issued to the new owners. This injection of funds is around the equivalent of the next 2 years losses put in the bank. With the monthly EFL money being credited to the club's bank account it is hard to see that insufficient funds could be the reason for the delay in wages being paid.

According to the charge on the club, EFL money is paid either two or three times a year - not monthly. It states we received £450,000 on 18 January.

[P/T Indie]

What if the players have their direct debits set up to go out on pay day the 28th of every month so for them been told you will get it Friday is not good enough. They will still need to do some juggling around and make some calls etc when they shouldn't need to.

This happened with Abdul as well and at the time I thought I wonder if someone has to transfer the shortfall over from their own personal account to the club every month before they can be paid and there has been a delay with the first transaction.

[Gone_Shrimping]

On the 6th July this year 750,000 X £1 shares were issued to the new owners. This injection of funds is around the equivalent of the next 2 years losses put in the bank. With the monthly EFL money being credited to the club's bank account it is hard to see that insufficient funds could be the reason for the delay in wages being paid.

According to the charge on the club, EFL money is paid either two or three times a year - not monthly. It states we received £450,000 on 18 January.

I thought there were 8 or 9 monthly payments maybe around £40,000 each and couple of large Solidarity Payments that arrive twice a year. I could be wrong on that though !

[Slanester]

[quote="SupermarketShrimp"]As a man who pays anything between 200-650 people a week I can assure anyone that this will not be an administration error, it'll be cash flow]

Not saying you are wrong, but that seems a very assured statement, based on what we know so far, in relation to this matter at MFC.
More “fact” is what we hope for and need. Hope it turns out that you are wrong, and that is said with all due respect to you. Await more detail, with as you said SS, “ fingers crossed.”

[HALMA 1983]

I think we deserve all the negative press that we get if we can't pay our players on time. If your job involves making sure people get paid, that's the most important part of your job and processes should be in place to make sure it happens without fail. This is really amateur stuff.

A Co-Chairman runs an accountancy firm. In my opinion, there is no excuse or justification for paying late, if we've got the money in the bank. If we've not got the money then that is another problem altogether.

Can't believe this happens at other clubs, thought it was only Oldham who had this problem

[SupermarketShrimp]

I thought there were 8 or 9 monthly payments maybe around £40,000 each and couple of large Solidarity Payments that arrive twice a year. I could be wrong on that though !

That was what was put in the public domain last time.

[marky No.1]

Broadcast Income

Clubs in the EFL get a share of two forms of broadcast income. The Football League has a £90 million a season deal with Sky, and splits the money 80% to the Championship, 12% to League One and 8% to League Two. Some of the pot is allocated to the Professional Footballer’s Association, and a proportion is set aside for those clubs whose matches are broadcast live. This results in a League 2 team getting a basic payment of about £472,000, plus additional £30,000 for a match televised live at home and £10,000 if they are the away team.

In addition, the Premier League gives money to the EFL in what are called ‘Solidarity Payments’, which are a constant percentage of the Premier League TV deal. These solidarity payments increased from £230,000 to £430,000 in 2016/17 due to the commencement of the new BT/Sky TV deal kicking in.

If Morecambe were relegated to the National League, they would receive some parachute payments for a couple of years in respect of the basic payment money from the EFL deal, but after that they would effectively be generating nothing from this source.

Overall TV money is about a third of the total for Morecambe.


.......

The wage bill is slightly lower than five years ago, reflecting the tight control that the club must keep in terms of player contract negotiations. It’s always tricky to determine player wages but using our standard formula we estimate the average weekly wage was about £928.

Worth a read

http://priceoffootball.com/tag/morecambe/

[Slanester]

Thanks for that mno1. Very interesting, and worth a read by all Shrimps fans.

[Seasider9601]

Thanks for that mno1. Very interesting, and worth a read by all Shrimps fans.

Was just going to say same.

A good read. Thanks for sharing Mark.

[marky No.1]

Thanks for that mno1. Very interesting, and worth a read by all Shrimps fans.

Was just going to say same.

A good read. Thanks for sharing Mark.

The £928 baffles me, we have at least 20 full pros, didn't expect too many of them were over £48K a year as all we hear is lack of budget all the time.
The payments coming from the Premier League really has helped keep our losses down, you can see why staying up is priority financially, it is a third of our income.

[redrobo]

About time that some moved on from still making reference to our former Chairman.

As Rod said recently we should all work together for the good of our club but it would appear that personal vendettas are still on their agenda.

[BerlinWaller]

Has there been any word from the owners or the Chairmen?

[mrpotatohead]

So given that the total monies off these sources more than cover all our players wages , the sale of Christie park meant we were initially mortgage free, and we still managed to make huge losses every year despite using match day, advertising, sponsor, and corporate incomes for other bills, who else do we look to blame RR?, if we needed 2400 fans to break even 10years ago, we must need 3000 now surely??

[SupermarketShrimp]

About time that some moved on from still making reference to our former Chairman.

As Rod said recently we should all work together for the good of our club but it would appear that personal vendettas are still on their agenda.

Like you and the manager and the players??

I support the club, I'm just sick of the false dawns. I didn't believe it when I heard we are financially secure and sorted, but gave them a chance. 4 months in.............

[KenyonTime]

Not the kidn of news you want to hear about the club, here's hoping none of the players got in trouble with payments they had scheduled.

[Slanester]

So given that the total monies off these sources more than cover all our players wages , the sale of Christie park meant we were initially mortgage free, and we still managed to make huge losses every year despite using match day, advertising, sponsor, and corporate incomes for other bills, who else do we look to blame RR?, if we needed 2400 fans to break even 10years ago, we must need 3000 now surely??

Just to reverse the “blame game” a bit. Based on the report, as mrpot said “huge losses every year,” As Shrimps fans, we must surely owe some serious respect and gratitude, to those,whoever they may be, that have “propped” the club up,and helped maintain league status for so long, under very difficult and trying circumstance. Fair enough or not??

[redrobo]

So given that the total monies off these sources more than cover all our players wages , the sale of Christie park meant we were initially mortgage free, and we still managed to make huge losses every year despite using match day, advertising, sponsor, and corporate incomes for other bills, who else do we look to blame RR?, if we needed 2400 fans to break even 10years ago, we must need 3000 now surely??

Just to reverse the “blame game” a bit. Based on the report, as mrpot said “huge losses every year,” As Shrimps fans, we must surely owe some serious respect and gratitude, to those,whoever they may be, that have “propped” the club up,and helped maintain league status for so long, under very difficult and trying circumstance. Fair enough or not??

I for one am more than grateful that I've still got a club to support after 60+ years as a regular. Like others I'm concerned about our long term future but unfortunately can't really do much about it other than continue to pay my season ticket and spend a bob or two on match days, irrespective of performances. We've had plenty of good times over the decades, so when the going gets a wee bit tough you don't desert but retain your support.

Maybe I'll come up on the Euro Millions one day, then I could spare a million or two....

[marky No.1]

Thing is a million or 2 isn't enough nowadays, meanwhile DeGea is currently wanting £2M a month which puts it into perspective

[KenH]

Maybe I'll come up on the Euro Millions one day, then I could spare a million or two....

That just delays the inevitable for 2-3 years when the club is losing £750k per year and is all that happened when directors put loans in and the club sold land and took out bank loans etc.

What is needed is for the promised income streams from The Globe to finally start coming through. That's the problem - the whole business plan for the move was based on the gym, artificial pitches, hospitality, bar, academy, etc but none of them are bringing in enough money (if bringing in any money at all over and above their costs!). The Globe site, the facilities, etc should be making a massive contribution to the club, but they've not been properly managed/marketed.

What is needed is a re-launch starting with a new name, new ideas and a massive marketing push. Now that is where your million or two would be best spent - finally giving the club a hefty shove towards self sufficiency, not just paying the wages for a year or two.

[redrobo]

Let's hope that our 2 new Chairmen can get all the problems sorted. But we as fans need to support them with a clean slate and accept that what went on before is over and done with and stop this constant harking back to what has gone on before and concentrate on moving forward united.

We have a great club but it could be even greater if we work together and put our past differences aside. After all we can do sod all about what has gone on before....

[mrpotatohead]

I only mentioned it coz you did....stop going on about it!!!

[redrobo]

Looks like we'll both be getting 'bones' this Christmas...

[SupermarketShrimp]

Let's hope that our 2 new Chairmen can get all the problems sorted. But we as fans need to support them with a clean slate and accept that what went on before is over and done with and stop this constant harking back to what has gone on before and concentrate on moving forward united.

We have a great club but it could be even greater if we work together and put our past differences aside. After all we can do sod all about what has gone on before....

And we did - 4 months into the season of them coming out - players not paid on time.

I don't care what the situation is, I just want to know exactly where we stand.

[BerlinWaller]

Looks like we'll both be getting 'bones' this Christmas...

Wow, you two are getting on loads better these days.

[redrobo]

Looks like we'll both be getting 'bones' this Christmas...

Wow, you two are getting on loads better these days.

One of us has mellowed.....

Good to hear that the players have been paid.