Filed: Tuesday, 3rd July 2012
By: Staff Writer
David Sullivan has indicated that he would like to see a salary cap introduced by Premier League clubs.
West Ham's co-chairman, who took on the burden of a £100million debt when purchasing 50 per cent of the club along with business partner David Gold in 2010 told ESPN: "Overpaying virtually bankrupted this club and we are still burdened by £100 million of debt as a result of the excesses of the previous owners in giving too much to players.
"Many clubs are saddled with too much debt and the restrictions imposed by their bankers will ensure there is a tighter control over wages going forward. I think next season a lot of clubs will look to not give all the new TV money to players and agents.
"On all previous occasions it has gone up it has ended up with them, however, I feel on this occasion it might not happen. West Ham United are determined long term to be a viable, self-financing club," he continued.
"We'll pay good wages, but not be taken to the cleaners by agents and players at the expense of our supporters. The increase in TV money next year, will allow us to continue to freeze ticket and season ticket prices.
"I cannot see any collective decisions, but there are quite a few clubs, for example, Norwich, Swansea, WBA who seem to be taking a more sensible approach to things and West Ham will be in that camp."
Sullivan panned for Di Canio outburst [4th Apr 2013]
Gold's relief [23rd Mar 2013]
Stratford: the key points [22nd Mar 2013]
Goodbye, Boleyn Ground [22nd Mar 2013]
Gold on Allardyce contract [4th Mar 2013]
Sullivan reveals threats of violence [1st Feb 2013]
Diame bid wide of the mark [31st Jan 2013]
Igoe goes [20th Dec 2012]
Board 'committed' to OS move [5th Dec 2012]
02:57PM 4th Jul 2012
''This article caught my eye because I've thought for a while now that salary capping is the way to go, regarding how to neutralize the widening gap between "haves" and "have nots"..."
"Financial fair play" is coming in to try and address these very issues.
Imposing a ceiling on what each club could spend on player purchases each year could be fraught with problems - a Manchester United for example (leaving the Glazer debt aside) would argue that commercially, they run a very lucrative business and why shouldn't they spend the profits of managing that side of their business effectively, as they choose?
A salary cap per club per season on the other hand mixes it up a bit more - Chelsea or Man City could theoretically still go and spend huge sums on player purchases (for hypothetical(!) examples sake - £100m Messi, £50m Ibrahimovich, £75m Iniesta) BUT the effect of these players salaries against the existing wage bill may force clubs to decide NOT to just go out and buy success.
The club could still choose to pay £100m for Messi but his salary consideration could mean that they would have to forego bringing in other players of that standard in order to stay below the salary cap. Make sense?
Also, we all know that bringing through your own youth players is cheaper on the wage bill than importing players from other clubs; with our continued lack of success at international level, anything that encourages young English players to break through has to be a good thing? ''
by Don P
02:02PM 4th Jul 2012
''We seem to constantly be told that we're £100million in debt. Have they not reduced this in the time they've been in charge?
Will it stay at this figure for ever?
Gold & Sullivan need to stop reminding us that they've inherited this massive debt and saved the club from going under... We know. Thank you. Now stop going on and on about it.''
09:59AM 4th Jul 2012
''Silly thing to announce really. Love the chairmen for financing our club and love their passion but wish they wouldn't say something like this, they wouldn't make good poker players would they!
I hope we get the players Sam wants, so he can keep us up and not have Sullivan choose players because they are asking for £10,000-a-week less than another. If we dont get the right players now we will have to go back and be held to ransom by clubs for even more money in the January transfer window because were stuck in the relegation zone. I'm all for keeping the wage bill down and we have to be realistic but lets not announce it to the world so that every other club knows what hand we can play.
There are loads of ways round keeping wages down such as basic salaries with performance related bonuses for keeping us up, sign on fees etc. We haven't even kicked a Premier League ball and we're already talking like we're a Premier League mainstay who can assume to stay up regardless. Relegation next year would bury us, survival at all costs please.''
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