The Fishy.co.uk Grimsby Town FC

RSS

Question of the Week

Will you attend any Checkatrade Trophy games next season?

All of them
All home games
The odd game
Knock out games
Final only
Total boycott


 

Another Cash Blow For League Clubs?

By: Bill Osborne
Date: 12/03/2003

THE Football League's 72 clubs are threatened with the loss of a further £35 million with fears that their internet partner Premium TV could close down.

A subsidiary of NTL, it has renegotiated its original £65 million, 20-year contract and the clubs' official web sites face closure if the new deal, which is paid partly according to the number of "hits" to the sites, collapses. Like the ITV Digital deal, the web site contract was signed during the "dot com" boom era, and is far more lucrative than it would be had it been negotiated today.

But the company is now reported to be in trouble and are announcing further redundancies with a financial trouble shooter, Rob Henwood, appointed as acting managing director.

Would you also believe that, once again, the Football League have no "shareholder liability guarantee" the same situation that got Carlton and Granada off the hook with the ITV Digital collapse?

The income from the official sites has helped to offset some of the losses incurred with the failure of the ITV Digital deal and clubs like Grimsby Town will surely miss that income if the boat goes down.

The clubs will continue, no doubt, to have a web site but their only income from them will be from advertising sales and other projects aimed at raising funds.

The financial pressure is becoming even greater on the clubs in the football league and it leaves the question of who is protecting their interests.

Not the FA, who are rumoured to be delaying the payment of the premier league's assistance package to league clubs, and the league can hardly claim to be doing so after agreeing to another "no guarantee contract."

But one has to remember that the people making the decisions are those same club chairmen who have allowed their own clubs to run up debts of £20million or more.

A bit like letting the mice mind the cheese factory!




Add To Facebook


This site is by the fans, for the fans, and we will consider articles on any subject relating to the Mariners whether it be related to current news, a nostalgic look back in the past, a story about a player, a game or games in the past, something about Blundell Park or football in general. Click here to submit your article!


Related Stories

Forum Latest
TitlePostsLatest Post
Today's football day at BP - anyone got a report?29LondonMariner4325/05 17:09
contracts update and latest166Stew0_025/05 16:59
Change/add-a-letter/remove-one Word Game thread...27,408Biccys25/05 16:54
Word Association Game40,233topuphere66625/05 16:53
Other Clubs Transfer News106promotion plaice25/05 16:46
Even Scarborough have..........7arryarryarry25/05 16:42
Ajax v Man UTD Europa League Final18promotion plaice25/05 16:27
Ariana Grande concert41Skrill25/05 16:21
General election163jaygy25/05 15:47
Hamburg SV12Mariner Ronnie25/05 14:24

News  | Features  | Submit Article  |   | 
© 2017 TheFishy.co.uk