Rags
TFF member
Posts: 1,210
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Post by Rags on May 28, 2023 11:14:25 GMT
From the "Ex-Players - Where Are They Now?" thread: Thanks Rags. Perhaps Luton will send us part of the 170 million they will pick up as a Thank you. Unlikely admittedly. Lucky for you, I am currently mid-spreadsheet. The central payment for Norwich City (20th) in 2021/22 was £101.6m Year 1 parachute payment is estimated to be £44m (55% of Broadcast rights equal share). Year 2 parachute payment is estimated to be £36m (45% of Broadcast rights equal share). Year 3 parachute payment is only for clubs who last more than one season in Premier League (but it's 20% of Broadcast rights equal share since you ask). 2022/23 central payments are estimated to be slightly higher (maybe £104m for bottom club?) but we won't know that until the Premier league releases the 2022/23 central payments data in a few weeks time. Until then, my conclusion is that by June 2026, Luton should have received at least £182m, or a lot more if they don't finish bottom in 12 months time. Roughtly £100m is ear-marked for their new stadium. Where on earth do the media get these figures that they continually pass off as facts? |
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Jon
Admin
Posts: 6,912
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Post by Jon on May 28, 2023 12:33:35 GMT
Please pass my congratulations on to Mrs Rags - when you manage to get her down from the cloud she is probably still floating on.
Such success is all the sweeter for those who have been through all the horrors of the last twenty years.
I really remember you telling me what a mess Luton were in when we were promoted into their league in 2004.
They managed to dodge the bullet for two years (a promotion and a mid-table Championship finish) before the chickens came home to roost with a vengeance.
I think the club is now sufficiently well run that all the incoming silly money will be used for the long-term good of the club rather then thrown away followed by more good money thrown after bad, leading to more financial crises.
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Post by stig123 on May 28, 2023 12:48:29 GMT
I hope some of this money is allocated to help the community it serves.
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Rags
TFF member
Posts: 1,210
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Post by Rags on May 31, 2023 7:58:49 GMT
Please pass my congratulations on to Mrs Rags - when you manage to get her down from the cloud she is probably still floating on. Thank you Jon. I'll have to bring her to Plainmoor on those many free Saturdays she will now have, just to remind her what real football is like... |
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Rags
TFF member
Posts: 1,210
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Post by Rags on May 31, 2023 8:31:51 GMT
I hope some of this money is allocated to help the community it serves. Luton Town are a club who have involved themselves in the local community for many years, and will continue to do so for as long as the current board are involved. To answer your question about the current shareholders; following the John Gurney catastrophe (*) the club were saved from liquidation by a consortium of local fans called Luton Town 2020. They really are just Luton Town fans, except that some of them are very rich. One of the directors recently commented that he had put £25m into the club since their non-league days and was running out of money (I suspect he meant he was down to his last £5m or so!). I've written (possibly on another site as I can't find it on here) how three directors combined to put in £2m per year for every year Luton were in the Conference. They are an exceptionally well-run club. Mrs Rags has been a kit-sponsor for many years and as a result gets invited to a kit-sponsors dinner at the end of the season where all players and staff are also present. She always chats to Gary Sweet (CEO) and many of the other directors at these and comes home with snippets of interesting information. The board are very open, very approachable and most have been fans for decades. Paul Ballantyne just happens to own the most shares. Its quite difficult to write about Luton's organisation structure and how they fit within the town and area of Luton. There are so many small things that don't make for great stories and so many small things that happen that most other fans would love their club to emulate. Most of the money will go to build the new ground at Power Court, half a mile from the main station. A lot will go to building a squad that can stay in the Premier League. Some will filter into the community, but I can promise you that Luton Town don't think they are going to the Premier League for just one season and I suspect they will surprise a lot of teams. Ignore the ground, ignore the players: Rob Edwards has brought a major organisation change to the team since he took over. They are incredible difficult to score against and they always have a goal or two in them. They may not play great football but they win games; something that Everton, Nottm Forest, Wolves, Crystal Palce, Bournemouth etc seem to struggle with. Since Rob Edwards took over and ignoring the final two games of the season when they were guaranteed 3rd place, they were second in the table ahead of Sheffield United. Many will underestimate them, but that's something that has been going on for years * and if you aren't aware, here's a BBC documentary about the John Gurney experience that features a young Gary Sweet: |
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Post by stig123 on Jun 4, 2023 18:38:14 GMT
Thanks Rags..having read your post I hope they do well. I have always believed that pro teams should do more for the communities they serve...both in the UK and the US. There are of course good examples of this. I will add Luton Town to my list.
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Thanks Rags. Perhaps Luton will send us part of the 170 million they will pick up as a Thank you. 
