Date:Friday June 19 2009
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.
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Date:Friday June 19 2009
League 1 - U's 2-0 Leyton Orient (Monday January 26 2015)
Stats: U's v Leyton Orient (Sunday January 25 2015)
Kpekawa Returns To QPR (Saturday January 24 2015)
Team News: U's v Leyton Orient (Saturday January 24 2015)
U's Add Briggs (Thursday January 22 2015)
U's Bring In Porter (Thursday January 22 2015)
Eastmond Omission Explained (Thursday January 22 2015)
Hewitt Extends U's Stay Again (Thursday January 22 2015)
Marriott Comes In (Tuesday January 20 2015)
The Inevitable Happened (Tuesday January 20 2015)
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