Colchester United - 90 M Losses: Cowling Predicts L1 Breakaway
UK time is: 03:19:38
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

90 M Losses: Cowling Predicts L1 Breakaway

Club chairman, Robbie Cowling, thinks there would be a breakaway league formed if the Football League imposed a salary cap in the division.

He talks about the idea in the Colchester Daily Gazette having been at a conference that discussed the impact of the credit crunch to all chairmen outside the Premiership.

Cowling, who took over as U's chairman in 2006, was formally associated with West Ham, where his company once known as Jobserve sponsored the Hammers.

The talk was based on a recently published independent report.

The findings showed that an overwhelming amount of turnover is splashed by lower-league sides on wages, although happily Colchester are infamously parsimonious when it comes to dealing with agents.

Cowling was critical of some chairmen, who claimed to be unable to control what happens with regard to a club`s money.

"The statistics didn`t surprise me," said Cowling. They showed that side`s in United`s division collectively lost 90 last year.

Cowling heard some buck-passing at the event, evidently, as questions were raised, but assured U`s fans things would remain stable at Colchester United in the long-term.

Manager Paul Lambert said last week that he would not demand a specifically set budget for transfers this summer, form dual chairman and owner, Cowling. Cowling had previously announced youth-team cut-backs due to tight finances earlier in the year.

"Some suggested that there should be a salary cap installed but I`m not so sure - I`m undecided on the issue, added Colwling.

"If the league started to cap wages, there is a chance there could be a breakaway league formed," he said.


Would a cap be the answer to football's problems? Let us know with a comment below, chat about this article in the forum. Not yet a member? Don't panic, click on the banner below to join in.




We want to know YOUR thoughts...


VITAL COLCHESTER; YOUR VOICE, YOUR CHOICE!


VITAL COLCHESTER IS 100% UNOFFICIAL - FOR THE FANS, BY THE FANS!












Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



For the very latest League One odds

Click here to join in the debate on the club forum.

The Journalist

Writer: Matt_Us Mail feedback, articles or suggestions

Date:Friday June 19 2009

Time: 5:58PM

Your Comments (oldest first)

Change to most recent first
He went to a conference in another country to talk about saving money...! But the breakaway bit is interesting!
Matt_Us
Report Abuse
20/06/2009 15:12:00

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Colchester United Articles

Pre-Season Ends With Fulham Setback (Tuesday August 4 2015)

U's Squad Numbers Confirmed (Tuesday August 4 2015)

Defender Set To Miss U's Opener (Tuesday August 4 2015)

U's Secure Ipswich Win (Wednesday July 29 2015)

One To Learn From (Tuesday July 28 2015)

Keeper Ready To Return (Saturday July 25 2015)

Parish Pens U's Deal (Friday July 24 2015)

Moncur Not For Sale (Friday July 24 2015)

Porter Gets The Nod (Thursday July 23 2015)

Archived Colchester United Articles

List All Vital Colchester Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Table (view table)

Team P W D L GD Pts
4. Burton 0 0 0 0 0 0
5. Bury 0 0 0 0 0 0
6. Chesterfield 0 0 0 0 0 0
7. Colchester 0 0 0 0 0 0
8. Coventry 0 0 0 0 0 0
9. Crewe 0 0 0 0 0 0
10. Doncaster 0 0 0 0 0 0

Colchester United Fixtures (view all)

Breaking League News

Kev McNaughton Officially A Latics Player
Wigan : 04/08/2015 21:35:01
The Morison Returns
Millwall : 04/08/2015 20:33:01
Clarke - We're Ready For Doncaster
Bury : 04/08/2015 20:27:00
Can Experienced Striker Shine Again For City?
Coventry : 04/08/2015 20:21:01
STFC: Town Sign Liverpool Keeper On Loan
Swindon : 04/08/2015 18:51:01

Current Site Poll (view all polls)

Has it been a good season?
Suggested By:  VitalU's
Yes, above expectation 30%
No, below expectation 28%
About what I thought 42%