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Zmariner |
February 8, 2022, 10:15am |
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Fine Wine Drinker
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Cheaterfurlough.
That works for me
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Mariner Ronnie |
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Lower Findus Whiskey Drinker
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Can someone explain to me what the whole furlough thing with chesterfield was?
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| Today we got our team back - town fan leaving Wembley may 2016 |
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Poojah |
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Vodka Drinker
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Can someone explain to me what the whole furlough thing with chesterfield was?
Short version. They had an insurance policy in place which offered them protection in case of a loss of revenue in certain circumstances, for instance a reduction in gate receipts due to a major recession. When the insurance company refused to pay out when Covid struck, Chesterfield successfully took them to court and were forced to pay out. This meant that they were able to furlough their players whilst matches weren’t taking place, benefit from grants that were handed out to National League clubs, and still benefited from a close to normal income whilst most other clubs were decimated. Ultimately they benefited from a policy which was probably taken out for other reasons, but credit to them for having taken steps to protect themselves financially regardless. They haven’t broken any laws, they just had an unexpected windfall by virtue of being generally prudent. In Tshimanga alone they’ve invested some of that money well. They haven’t done anything wrong, and so I think it’s unfair to resent them for it. It’s unfortunate for Town, especially given the money already sloshing around in this league already. But at the end of the day if we hadn’t managed the pandemic so disastrously in the first place we probably wouldn’t be in this league right now and wouldn’t be giving it a moment’s thought.
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| A smooth sea never made a skillful mariner. |
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Maringer |
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Barley Wine Drinker
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It's a bit dodgy to claim furlough money whilst getting an insurance payout at the end of the season. Well, not dodgy per se, just a little unfair that their promotion push is effectively being funded by the government.
Some companies paid back the furlough money when they had a boost in income - I wouldn't expect a 5th tier football club to do so, of course!
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Poojah |
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Vodka Drinker
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It's a bit dodgy to claim furlough money whilst getting an insurance payout at the end of the season. Well, not dodgy per se, just a little unfair that their promotion push is effectively being funded by the government.
Some companies paid back the furlough money when they had a boost in income - I wouldn't expect a 5th tier football club to do so, of course!
Yeah, the likes of IKEA and other businesses of that ilk did after their profits massively increased during the pandemic. Whether that was purely borne of good moral standing or it was a necessary PR exercise in the long-term best interest of those organisations, it’s hard to say. But when you’re a non-league football club scrapping it out to survive, you do what’s in your own best interests, so long as it remains within the confines of the law.
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| A smooth sea never made a skillful mariner. |
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Les Brechin |
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Moderator
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Though he called it quite fair to be honest and was fairly complementary about us.
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| [img]https://news.images.itv.com/image/file/402260/image_update_img.jpg[/img] OFFICIAL FUNDRAISER FOR THE BRAIN TUMOUR CHARITY TOTAL AMOUNT RAISED SINCE AUGUST 2008 £16613.24
LATEST DONATION - FROM DONATION FROM THE FISHY FORUM - AUG 2023 AMOUNT RAISED £170.00
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Mariner Ronnie |
February 9, 2022, 12:21am |
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Lower Findus Whiskey Drinker
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Short version. They had an insurance policy in place which offered them protection in case of a loss of revenue in certain circumstances, for instance a reduction in gate receipts due to a major recession.
When the insurance company refused to pay out when Covid struck, Chesterfield successfully took them to court and were forced to pay out. This meant that they were able to furlough their players whilst matches weren’t taking place, benefit from grants that were handed out to National League clubs, and still benefited from a close to normal income whilst most other clubs were decimated.
Ultimately they benefited from a policy which was probably taken out for other reasons, but credit to them for having taken steps to protect themselves financially regardless. They haven’t broken any laws, they just had an unexpected windfall by virtue of being generally prudent. In Tshimanga alone they’ve invested some of that money well. They haven’t done anything wrong, and so I think it’s unfair to resent them for it.
It’s unfortunate for Town, especially given the money already sloshing around in this league already. But at the end of the day if we hadn’t managed the pandemic so disastrously in the first place we probably wouldn’t be in this league right now and wouldn’t be giving it a moment’s thought.
Cheers mate 👍🏼
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| Today we got our team back - town fan leaving Wembley may 2016 |
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