The Official Liverpool FC Thread [Vol 18]

[Pommy]

[redacted]

[jammy-git]

mickk said:

Of course it's great they're doing something, I just get the impression they are reacting to the media. They should have done this off their own backs.

Henderson has been working on this for at least a couple of weeks.

[anonymous-user]

Pommy said:

What the fk is a pay cut going to do? Help their club and contribute less tax.

What's this going to do? More than they have to.

I get it that as a Spurs supporter youre inherently miserable and cynical but have a word with yourself if you feel people helping people makes them 'stupid s'.

Seriously, what a stupid reply.

I think 2 issues are being conflated here

My assumption about pay cuts was when clubs were furloughing non playing staff and I thought it was right in that instance that the players should help pay towards that (if the club is truly in that state, many weren't obviously)

This seems to be a "We are very well off and so will contribute towards the wider NHS in a charitable gesture" which is all good and well done to them

[Pommy]

[redacted]

[Pommy]

[redacted]

[mickk]

jammy-git said:

Henderson has been working on this for at least a couple of weeks.

Well someone has as it's not something that can be organised overnight . The anti football brigade love these incidents.

[Flip Martian]

mickk said:

Of course it's great they're doing something, I just get the impression they are reacting to the media. They should have done this off their own backs.

Hendo got the ball rolling weeks ago, before the media hooha. It was reported a while back that he was ringing round other PL skippers to talk about this.

[Ascayman]

Flip Martian said:

Hendo got the ball rolling weeks ago, before the media hooha. It was reported a while back that he was ringing round other PL skippers to talk about this.

Who leaked that info? was it the arch nemesis of the person who leaked furlough information

[NRS]

Pommy said:

Perhaps it time to appreciate what people do do rather than critique what they could have done.

I think if football becomes more altruistic then that's a start for the better.

Kinda, but of course you have the issue of people giving a tiny bit of their wealth, just to avoid a larger part being "taken" elsewhere.

The problem for the players is they can give up their salary, and it will help the club. Yet the billionaire owner(s) for some of them are not giving anything up yet can afford it more. Of course not all clubs are in this situation, and so it creates a split as to what is best. For us I'd like the owners to fund it all, as they have made so much money from owning the club and so can use some of that profit to look after the business. For a small club barely surviving that an owner has poured lots of money into then I'd say the players should take a cut.

[Gadgetmac]

Surely when players ‘take a salary reduction’ it’s a given that the club will be handing this over to somebody ie the NHS or a Charity and not simply keeping it in their own coffers.

[jammy-git]

LFC is not going to fold any time soon.

[m3sye]

jammy-git said:

LFC is not going to fold any time soon.

I think Smarty has a very good point

We have a wage bill of 300m
No gate receipts
No match day rev
Payments on previous transfers due in coming months
Worry that next instalments due in next months will be paid from sponsors

That is a hell of a lot of money and no doubt we are not alone..

[ORD]

Many PL clubs would not survive a hiatus of more than 2-3 months. Throwing good money after bad. Liverpool wouldn’t fold, though - too valuable a brand.

[NRS]

[redacted]

[Adam B]

https://www.forbes.com/teams/liverpool/#5ceb4d7e60...

[ORD]

NRS said:

It should be part of the responsibility that you don't just take the value increases and let others pick up the tab for the bad times which seems to be what you are proposing.

I don’t follow that at all. If shares become worthless, you made no ‘profit’. And we don’t want to discourage investment, especially not now!

[Adam B]

[redacted]

[NRS]

ORD said:

NRS said:

It should be part of the responsibility that you don't just take the value increases and let others pick up the tab for the bad times which seems to be what you are proposing.

I don’t follow that at all. If shares become worthless, you made no ‘profit’. And we don’t want to discourage investment, especially not now!

But they're far from worthless now. And it would take a long time before they actually become less than paid for. We also are very likely to see another big rise going forward, due to the huge amounts of money being created to combat corona. This looks like it will work its way through the economy, and like the financial crisis will end up in assets - such as stocks, football clubs etc. It's why shares have recovered so much already despite the economy looking like crap - you don't need real economic growth, you just need lots of printed money ending up in assets and those who own them get richer overall. The end result will be an even greater divide in equality in the long run, despite needing to do it now to stop a big crash.

[jammy-git]

NRS said:

ORD said:

NRS said:

It should be part of the responsibility that you don't just take the value increases and let others pick up the tab for the bad times which seems to be what you are proposing.

I don’t follow that at all. If shares become worthless, you made no ‘profit’. And we don’t want to discourage investment, especially not now!

But they're far from worthless now. And it would take a long time before they actually become less than paid for. We also are very likely to see another big rise going forward, due to the huge amounts of money being created to combat corona. This looks like it will work its way through the economy, and like the financial crisis will end up in assets - such as stocks, football clubs etc. It's why shares have recovered so much already despite the economy looking like crap - you don't need real economic growth, you just need lots of printed money ending up in assets and those who own them get richer overall. The end result will be an even greater divide in equality in the long run, despite needing to do it now to stop a big crash.

Too true. The money that the government made available in the 2008 crash didn't "trickle down" and it certainly hasn't or won't this time either.

[Silkyskills]

Adam B said:

Enterprise value is calculated as the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents.

Google said:

Enterprise value is calculated as the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents.

Yeah, I Google stuff all the time too...

https://www.google.com/amp/s/www.edupristine.com/b...