Just highlighting the drawback Stu..
It is great to catch the problem in the early stages but Galway I'm sure were more than capable of sorting out the issue in the transfer window and at the end of the season themselves.
Galways money worries are all over the place the past 4 or 5 weeks. While I don't know exactly how bad it is for them I know that going over the 65% is not going to ruin any football club.
Over reaction by the media in this country. 65% is very low...
One other question I had about the 65% was that if you have 10million in the bank and you take in roughly 2 million a year, are you allowed to spend 65% of that 12million in one season?
John Delaney!! GET OUT!!!
www.ssdg.ie
Galway's problem is that they were on course to make a very substantial loss this season, a couple of hundred thousand maybe, and with no major assets that could see the club go under. The 65% limit is pretty incidental compared to that, but at least it means that GUFC do not have the option of just signing more players and hoping that results and gates improve enough to save them- which really would be gambling with the club's future.
#NeverStopNotGivingUp
Nowadays F.C. should stand for Football Company, not Football Club. The 65% rule will make clubs deal with their finances in a more positive manner, and in time the % could then be raised.
Manager: Fergal, have you your boots with ya?
Fergal: Ya, I have them here.
Manager: Ah good stuff, well give them to this man so, he forgot his!
I think the Galway situation can be seen as a positive for the 65% rule. It may be harsh for the players but it forces them to make cut backs instead of rolling the dice on a Cup run & when they fail get landed with large debt. The 65% cap is meant to ensure financially stable clubs as we cannot hope to plan a league if clubs are going bust every year.
John Delaney!! GET OUT!!!
www.ssdg.ie
Compared to what happened when your rabble went tits up over a prolonged period, no, it's not.
#NeverStopNotGivingUp
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