• We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies from this website. Read more here

Player Budget

denzel

Very well known Exeweb poster
Joined
Apr 1, 2004
Messages
13,692
Location
The Travel Tavern
It’s why things need to be looked at, clearly not sustainable. We’ve had our fair share of cup run glamour ties in the last 20 years. Still relying on lucky windfalls.
Same for most clubs in league one and two. Wycombe and Burton being recent examples of clubs who have benefited.

Plus, it would be nice. I'm fed up of not getting past round three
 

Andy_H

Active member
Joined
Aug 1, 2010
Messages
1,088
Wasp's and Worcester are not in trouble per say because of there wage bill.

Worcester have suffered really badly through the pandemic and Wasp's is because of stadium debt rather than directly wages.

But the principle of budget caps etc. based on league is a good one, with relevant punishments for breaches.
Their problems might not have been caused solely as a result of players wages but, it's still inked as, ALL club outgoings are a 'debt' and attract some form of Tax somewhere along the line, be it VAT or NI. Wasps are a good example of 'ambition' overtaking achievement, they became far to reliant on the 'profits from the Hotel & Casino at the Riccoh [or whatever this weeks name is] funding the rest of the operation and, when Covid reared it's ugly head, and these bits of the puzzle stopped bringing in dosh, they wuz up the creak without the proverbial paddle.
 

i8cornwall

Active member
Joined
Jul 2, 2006
Messages
2,745
Wasp's and Worcester are not in trouble per say because of there wage bill.

Worcester have suffered really badly through the pandemic and Wasp's is because of stadium debt rather than directly wages.

But the principle of budget caps etc. based on league is a good one, with relevant punishments for breaches.
Is true I was just being picky.

The wage cap failed miserably last time and I can't ever see it being attmepted to be brought back in, as sad as that is.

I do wonder if the RFU have a stricter fit and proper person test for owning clubs then we do in football. I think having that changed and other stricter rules around owning clubs brought in would solve a lot of issues within football.
 

ExmouthMart

Active member
Joined
Jun 19, 2013
Messages
1,486
Location
Bristol
Trouble was, though, the "fit out" was a bit of a vanity project with the likes of Frowd spending silly amounts on the bar top/curtains/kitchen in the Executive Lounge (which I see the former has now been replaced - no surprise there, for some reason the bar was made bigger than the space available for customers!) and thruppence 'apence on the supporters (riff-raff) bar. The layout of the 'new Centrespot' downstairs bar was/is a disgrace, it serves a matchday purpose but lacks the charm of a post-war village hall. With a bit more thought on this part of the development it could have been earning money seven days a week by creating a more homely atmosphere, I mean they had a blank canvas to start with.

I am pleased that there was no money to be made by the directors of OTR Ltd, but their half-hearted attempt to replace the glorious 'Old' Centrespot, ploughing their funds into looking after the prawn-sandwich eaters meant that the potential for the Football Club to earn some desperately needed funds, at the time, were, and still are, severely limited to a few grand 23 times a year.
Surely the rent paid to OTR by the Club was sanctioned by The Trust, so I am a bit confused by you saying ’silly money’ was wasted on a vanity project. Obviously a tender went out for the work and this given due diligence. I thought wasting other peoples money belonged to previous regimes.
Don’t the corporate sponsors or prawn sandwich eaters bring in the real money unlike the peasants supping a couple of pints?! Enjoy the downstairs bar for as long as you can because I expect it’s earmarked for more prawn sandwiches in the near future!
 

Colesman Ballz

Very well known Exeweb poster
Joined
Dec 28, 2014
Messages
14,854
Surely the rent paid to OTR by the Club was sanctioned by The Trust, so I am a bit confused by you saying ’silly money’ was wasted on a vanity project. Obviously a tender went out for the work and this given due diligence. I thought wasting other peoples money belonged to previous regimes.
Don’t the corporate sponsors or prawn sandwich eaters bring in the real money unlike the peasants supping a couple of pints?! Enjoy the downstairs bar for as long as you can because I expect it’s earmarked for more prawn sandwiches in the near future!
The rental agreements between the Club and OTR predate even the Russell and Lewis era, so the Trust had no input or ability to sanction anything ! If the Trust had even been in existence at time it was concerned by a pretty narrow objective, ie trying to enable the permanent signing of loanee Gary Alexander from West Ham.
 

Positive spin

Member
Joined
Jul 15, 2017
Messages
337
Wasp's and Worcester are not in trouble per say because of there wage bill.

Worcester have suffered really badly through the pandemic and Wasp's is because of stadium debt rather than directly wages.

But the principle of budget caps etc. based on league is a good one, with relevant punishments for breaches.
Most of Worcesters problems lead directly to the two asset stripers who own the club
Wasps moving grounds and the costs incurred
Premiership rugby has major problems with Exeter currently being one of the few viable clubs. There are rumours that at least two others are in severe financial trouble
The salary cap has meant that Exeter have had to let players leave the latest being Sam Simmonds.
It’s not just football that has its issues
 

tom_ecfc

Active member
Joined
Jul 24, 2022
Messages
4,193
Location
Near a cat flap
stripers who own the club
😎
 

ExmouthMart

Active member
Joined
Jun 19, 2013
Messages
1,486
Location
Bristol
The rental agreements between the Club and OTR predate even the Russell and Lewis era, so the Trust had no input or ability to sanction anything ! If the Trust had even been in existence at time it was concerned by a pretty narrow objective, ie trying to enable the permanent signing of loanee Gary Alexander from West Ham.
I didn’t realise that this agreement went back that far! So OTR was set up to protect the buildings if and when the Club went bust and if and when the club started again it had some foundations to build on. It obviously wasn’t done to cash in on the site being sold to a developer when the club folded. I believe Ivor Doble was Chairman of OTR as well as Chairman and majority shareholder of the Club. Perhaps this is why he is being quietly forgotten about because of past history involving The Trust where to quote The Trust history the chairman at the time ‘vilified’ the efforts of the embryonic Trust Members.
Also was the rent paid a nominal amount because 20+ years seems along time to pay off some ‘fit out’ work. Is OTR the only company set up to help the club outside of the owners (The Trust) control?!
 

SaintJames

Active member
Joined
Dec 3, 2020
Messages
4,884
I didn’t realise that this agreement went back that far! So OTR was set up to protect the buildings if and when the Club went bust and if and when the club started again it had some foundations to build on. It obviously wasn’t done to cash in on the site being sold to a developer when the club folded. I believe Ivor Doble was Chairman of OTR as well as Chairman and majority shareholder of the Club. Perhaps this is why he is being quietly forgotten about because of past history involving The Trust where to quote The Trust history the chairman at the time ‘vilified’ the efforts of the embryonic Trust Members.
Also was the rent paid a nominal amount because 20+ years seems along time to pay off some ‘fit out’ work. Is OTR the only company set up to help the club outside of the owners (The Trust) control?!
My memory is a tad sketchy someone like Dr Dave can give chapter and verse but your first lines are correct this wasnt a get rich quick enterprise. In terms of the rent I believe the building was purchased with a mortgage guaranteed by the OTR group individually and therefore the rent the club paid was covering the mortgage. However, the mists of time may make my recollection somewhat inaccurate. Bernard Frowd I would describe as a typical Local Government man who had little or no idea about the running of private businesses
 
  • Like
Reactions: WXF

John William

Well-known Exeweb poster
Joined
Dec 14, 2009
Messages
9,915
Location
Undisclosed
A minute on the internet reveals that OTR (Exeter) Ltd was incorporated on 14th May 1998.

OTR (EXETER) LIMITED people - Find and update company information - GOV.UK (company-information.service.gov.uk)
 
Top