God like member
- 6 Dec 2017
OXFORD United will continue to be supported by their board through the uncertain period which lies ahead, chairman Sumrith 'Tiger' Thanakarnjanasuth…
either that or it’s the lengths the board will go to cos they don’t want promotion.
The £50m is made up of payments brought forward that would have been made anyway at the end of the season, plus a pot from which loans can be made to clubs who apply. The loan would be interest free, but just another debt for any club applying for one.Hopefully 50 million means a million to each club which does at least cover the earnings loss
So far. No one knows what is going to happen. If the 12 week shutdown brings this virus under control, then the season could potentially restart and would allow the club to get the revenue it would have otherwise lost. If however there is no way this season can be restarted then I would imagine that other packages of support will be forthcoming.Exactly - so for us and other L1 clubs it's £250,000 now - but £250,000 less later on.
Yes, we don't know what will happen. But in some quarters this £50m is being trumpeted as some grand gesture, when in fact it is just an advance of monies that the club would have got anyway, plus the ability to borrow more money (and more debt is of course exactly what lower league clubs need!). I'm not saying clubs ought to be just *given* money, but there is a degree of spin going on here...
As @holdsteady said previously. Because season ticket holders had already paid / budgeted for the season in advance there is no real loss. Apart from the possible purchase for streaming the play-off games, if they do not have Sky.
I hope the majority won't ask for a refund, but as said before, understand those that some may need the money.
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