01-10-2020, 01:52 PM
Using the furlough scheme isn't taking the piss, it's eligible to do so just like other companies.
The club obviously hasn't net spent on transfer fees. We don't know if the club has increased it's wage bill, or at least will have done by the close of the transfer window.
But if the club has increased its wage bill, about 55%-60% of that extra wage spend goes to Her Majesty's Treasury in income tax. And then there's stamp duty on the house, 20% VAT on the new car or whatever they spend on.
It's crucial for this country that spending doesn't contract. So if Forest increase their expenditure it's a good thing both for Nottingham and the country. And as NFFC runs at a loss, that money is essentially coming from abroad from the owner, foreign direct investment into this country. It's a good thing for the UK.
So worst case, using the furlough scheme - I don't know how many pounds we're talking about - just means that some is recycled from the govt and less is coming from Greece to our local economy. It would be the lack of benevolency rather than taking the piss.
I think linking criticism of increasing expenditure with using the furlough scheme is ideology at the expense of pragmatism. It would actually seem more logical to criticize using the furlough scheme if the club cut expenditure.
The club obviously hasn't net spent on transfer fees. We don't know if the club has increased it's wage bill, or at least will have done by the close of the transfer window.
But if the club has increased its wage bill, about 55%-60% of that extra wage spend goes to Her Majesty's Treasury in income tax. And then there's stamp duty on the house, 20% VAT on the new car or whatever they spend on.
It's crucial for this country that spending doesn't contract. So if Forest increase their expenditure it's a good thing both for Nottingham and the country. And as NFFC runs at a loss, that money is essentially coming from abroad from the owner, foreign direct investment into this country. It's a good thing for the UK.
So worst case, using the furlough scheme - I don't know how many pounds we're talking about - just means that some is recycled from the govt and less is coming from Greece to our local economy. It would be the lack of benevolency rather than taking the piss.
I think linking criticism of increasing expenditure with using the furlough scheme is ideology at the expense of pragmatism. It would actually seem more logical to criticize using the furlough scheme if the club cut expenditure.