Jeff Shreves
๐ค SpeakerAppearances Over Time
Podcast Appearances
Right, morning all, morning all.
Really interesting interview last night on our own Sky Sports News.
Substantial government bailout required.
Don't forget Rick Perry said recently that he thought that the EFL and Leagues 1 and 2 needed 200 million.
Substantial government bailout required to stop the clubs in the EFL, Leagues 1 and 2 going bust.
He thinks otherwise up to 10 clubs could go into administration within weeks.
That is the view of the former chairman of the Common Select Committee, Damien Collins MP, and minority shareholder at Sunderland, Charles Methven.
Now, Gary, I'd be interested in your take on this, obviously, as a club owner yourself, part club owner.
The pair have drafted a six-point plan to rescue football and protect community assets.
I'll just give you some of the highlights, Gary, of the six-point plan.
So a football finance scheme should be created by the FFA, call it the FFA,
but working and backed by the government.
The funds would allow clubs to meet their short-term liabilities, but not invest in recruiting new players and improving clubs' infrastructure.
Rather than these be loans, funds would be exchanged for between 10% and 49%, depending on the level of investment involved.
and the value of the club.
Independent directors would be appointed.
And also, at a suitable time, either a recognised supporters trust or a local authority can subsequently acquire the FFA shareholding in their club at a discount.
So, in some ways, some interesting points.
What do you think of that and the possibilities contained therein?
Well, the two things there, Gary, is, A, football is a business.