drs Posted January 22, 2012 Share Posted January 22, 2012 Not sure what they are implying? well thats a bizzare story to say the least. No matter what the final legal outcome, if any, it certainly seems to show that footballer are greedy bandits and in the middle of a recession with interest rates at 0.5% they actually thought they were going to get a 20% return it might just highlight that they are not the sharpest pencil in the case. Link to comment Share on other sites More sharing options...
Thumper Posted January 22, 2012 Share Posted January 22, 2012 it certainly seems to show that footballer are greedy bandits and in the middle of a recession with interest rates at 0.5% they actually thought they were going to get a 20% return it might just highlight that they are not the sharpest pencil in the case. People who make the kind of money that footballers do are still raking it in hand over fist in this climate. The issue here is whether these players were misled. As for the topic subtitle, why on Earth would a player who has spent over a decade in the Football League not be able to afford a £3m house? Link to comment Share on other sites More sharing options...
a_n_d_o Posted January 22, 2012 Share Posted January 22, 2012 Not sure what they are implying? well thats a bizzare story to say the least. No matter what the final legal outcome, if any, it certainly seems to show that footballer are greedy bandits and in the middle of a recession with interest rates at 0.5% they actually thought they were going to get a 20% return it might just highlight that they are not the sharpest pencil in the case. If they were greedy do you not think they would have invested far more? I think its probably more a case they would be trying to help him out by investing and if it makes money great. On the right scale and in the right area 20% would easily be achievable, think buy to rent and you can easily get 5-10% in most areas. You should also keep in mind those with lots of capital get better rates, the banks may screw the majority but they look after the rich Link to comment Share on other sites More sharing options...
drs Posted January 22, 2012 Author Share Posted January 22, 2012 People who make the kind of money that footballers do are still raking it in hand over fist in this climate. The issue here is whether these players were misled. As for the topic subtitle, why on Earth would a player who has spent over a decade in the Football League not be able to afford a £3m house? Cos he's a journeyman - if he's been paid enough to be able to afford a £3million house then it explains why so many clubs are on the brink of extinction. Link to comment Share on other sites More sharing options...
Thumper Posted January 22, 2012 Share Posted January 22, 2012 Cos he's a journeyman There are two very different types of football journeymen. The first signs one- and two-year deals with clubs, never settles, and roams about at random as his contracts expire. The second moves on because he does well at his clubs and gets to cash in on improved deals and transfer fees. McIndoe is the latter. He's had something like a million quid paid for him in transfer fees in his career. His Championship contracts would almost certainly all have earned him upwards of a million a year in basic wages. if he's been paid enough to be able to afford a £3million house then it explains why so many clubs are on the brink of extinction. You've picked a rather odd example. Link to comment Share on other sites More sharing options...
drs Posted January 22, 2012 Author Share Posted January 22, 2012 How is he an odd example? The sort of player who hovers about the championship and league one for his career - the epitome of a journeyman. If he can afford a £3million house on his wages then clubs at that level are daft - nae as daft as the players seemingly are for investing in this scheme. Link to comment Share on other sites More sharing options...
Thumper Posted January 22, 2012 Share Posted January 22, 2012 How is he an odd example? The sort of player who hovers about the championship and league one for his career - the epitome of a journeyman. See my previous post on how "journeyman" can mean different things. Do you think that somehow being a one-club player makes you inherently better off financially? If he can afford a £3million house on his wages then clubs at that level are daft - nae as daft as the players seemingly are for investing in this scheme. The Championship is the fifth-wealthiest league in Europe (placing it above every top-flight league except the Spanish, Italian, English and German). What exactly do you think they should be paying their players? Link to comment Share on other sites More sharing options...
SuperCaleyGoBallistic Posted January 22, 2012 Share Posted January 22, 2012 How is he an odd example? The sort of player who hovers about the championship and league one for his career - the epitome of a journeyman. If he can afford a £3million house on his wages then clubs at that level are daft - nae as daft as the players seemingly are for investing in this scheme. That's the going rate though. If clubs don't pay these kinds of wages they won't move forward. Of course given the financial position that can leave you in if success isn't forthcoming then it's a risk. Link to comment Share on other sites More sharing options...
drs Posted January 22, 2012 Author Share Posted January 22, 2012 The Championship is the fifth-wealthiest league in Europe (placing it above every top-flight league except the Spanish, Italian, English and German). What exactly do you think they should be paying their players? Do you honestly think that players such as McIndoe should be in a situation where he has earnt enough to cover a mortgage on a £3million house? It may be a rich league but a hell of a lot of the clubs in it are living beyond their means chasing the dream. Link to comment Share on other sites More sharing options...
7-2 Posted January 22, 2012 Share Posted January 22, 2012 Do you honestly think that players such as McIndoe should be in a situation where he has earnt enough to cover a mortgage on a £3million house? It may be a rich league but a hell of a lot of the clubs in it are living beyond their means chasing the dream. Why are you assuming that he bought it in his name only and that his only source of income was from football? Link to comment Share on other sites More sharing options...
true_rover Posted January 22, 2012 Share Posted January 22, 2012 If they were greedy do you not think they would have invested far more? I think its probably more a case they would be trying to help him out by investing and if it makes money great. On the right scale and in the right area 20% would easily be achievable, think buy to rent and you can easily get 5-10% in most areas. You should also keep in mind those with lots of capital get better rates, the banks may screw the majority but they look after the rich Story says 20% return per month though. Link to comment Share on other sites More sharing options...
Thumper Posted January 22, 2012 Share Posted January 22, 2012 The article (which, let us be reminded, is in the Daily Mail) doesn't even say he bought it, only that he moved into it and what it's worth. Not inconceivable he's only renting. Link to comment Share on other sites More sharing options...
Deano1874 Posted January 22, 2012 Share Posted January 22, 2012 Maybe he's the Derek Lyle of the English leagues Link to comment Share on other sites More sharing options...
T_S_A_R Posted January 22, 2012 Share Posted January 22, 2012 There are two very different types of football journeymen. The first signs one- and two-year deals with clubs, never settles, and roams about at random as his contracts expire. The second moves on because he does well at his clubs and gets to cash in on improved deals and transfer fees. McIndoe is the latter. He's had something like a million quid paid for him in transfer fees in his career. His Championship contracts would almost certainly all have earned him upwards of a million a year in basic wages. You've picked a rather odd example. a million quid a year? 20 grand a week at donny rovers, bristol city, barnsley, coventry and wolves? seems unlikely to me. he's from sighthill in edinburgh so clearly guilty. Link to comment Share on other sites More sharing options...
a_n_d_o Posted January 23, 2012 Share Posted January 23, 2012 Story says 20% return per month though. Might be achievable if you rent out to footballers I was responding more to the OP's comments about greed, i'd be surprised if many (or any) details of this story are correct though. I think the more probable story is he was seriously starting a new company and looked to his former colleagues to help raise the initial capital needed (promising a small return but playing more the friend in need card), started using the money and costs escalated. It happens to experienced companies so for a footballer trying his hand in the market nobody should be surprised if he runs into trouble. ... Or he is a crook and decided to rip off ihs friends. ... Or he ran into massive and debt and was forced into participating in a scam. Guess we won't know for sure until we see the transcript of his phone calls.... Link to comment Share on other sites More sharing options...
BradHorse Posted January 24, 2012 Share Posted January 24, 2012 See my previous post on how "journeyman" can mean different things. Do you think that somehow being a one-club player makes you inherently better off financially? The Championship is the fifth-wealthiest league in Europe (placing it above every top-flight league except the Spanish, Italian, English and German). What exactly do you think they should be paying their players? Do you have any proof of this? Surely there's more money in the Russian league for a start? Portugal? Holland? Turkey even? These countries have teams that play in the Champion's League. Link to comment Share on other sites More sharing options...
wunfellaff Posted January 25, 2012 Share Posted January 25, 2012 There are two very different types of football journeymen. The first signs one- and two-year deals with clubs, never settles, and roams about at random as his contracts expire. The second moves on because he does well at his clubs and gets to cash in on improved deals and transfer fees. McIndoe is the latter. Neither of which are the correct meanjng of 'journeyman', more like a workhorse, box to box player I think. Link to comment Share on other sites More sharing options...
LAGer Posted January 25, 2012 Share Posted January 25, 2012 a million quid a year? 20 grand a week at donny rovers, bristol city, barnsley, coventry and wolves? seems unlikely to me. he's from sighthill in edinburgh so clearly guilty. Maybe unlikely but not totally inconceivable I don't think. Also, when he was at Doncaster they went on a pretty good cup run which would've potentially earned him quite high bonus payments. As someone said previously he has been the subject of a few transfers as well which would've given him the chance to claim a signing on fee. Link to comment Share on other sites More sharing options...
Jacksgranda Posted January 25, 2012 Share Posted January 25, 2012 Do you have any proof of this? Surely there's more money in the Russian league for a start? Portugal? Holland? Turkey even? These countries have teams that play in the Champion's League. Would it not be more to do with the TV deal that the Championship has? Link to comment Share on other sites More sharing options...
H_B Posted January 25, 2012 Share Posted January 25, 2012 a million quid a year? 20 grand a week at donny rovers, bristol city, barnsley, coventry and wolves? seems unlikely to me. And me. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.