FSG PR plant
- Aug 13, 2008
To be clear, I was not linking the small amount involved in the furlough scheme to the viability of the club - the numbers make it quite clear that it is more or less irrelevant. I was picking up on your comment on the PFA - they rejected a 30%(?) pay cut, but I am not sure that would be enough to save a lot of the clubs anyway.I think you are omitting the fact the owners are billionaires. The amount at question here was about £1.5m, the owners value the club at £2 billion. They are not going to let it go under for the sake of paying the backroom staff for a couple of months. LFC will be able to ride this out because of their owners irrespective of what the balance sheet says, other PL clubs will probably go under. There is talk in the City that Spurs are in huge trouble with their banks because of the stadium debt.