Vital Football

Latest Colchester United News

£90 M Losses: Cowling Predicts L1 Breakaway

£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!











For the very latest League One odds

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

Writer:Matt_Us
Date:Friday June 19 2009
Time: 5:58PM

Comments

0
He went to a conference in another country to talk about saving money...! But the breakaway bit is interesting!
Matt_Us
20/06/2009 15:12:00
Page 1/1
  1. 1

Login to post a comment

Recent Colchester United Articles

League 1 - Southend 3-0 Colchester

Having battled for almost an hour with 10-men three-goals in the final 10-minutes from Southend condemned Colchester to a three-nil defeat.

Stats: Southend United v Colchester

All the stats from Southend United (3) vs (0) Colchester, Roots Hall, 6/2/16 Att: 10,279

League 1 - Southend v Colchester

The U's bid to avoid relegation sees a battle with rivals Southend.

Match Day Officials v Southend

The Football League have now announced the Match Day officials that will take charge of the game against Southend United this weekend.

Archived Vital Colchester Articles

Vital Colchester articles from

Site Journalists

Write for Vital Colchester
Write For Vital Colchester
Apply Here

Current Poll (see more polls)

Southend v Colchester
Suggested By:
Colchester win50%
Southend win50%
Draw0%

League Table

# Team P W D L Pts. GD
1 Burton 29 19 3 7 60 16
2 Walsall 29 16 8 5 56 17
3 Wigan 30 15 10 5 55 21
4 Gillingham 30 16 7 7 55 19
5 Coventry 30 13 10 7 49 16
6 Millwall 29 14 5 10 47 9
7 Southend 29 13 8 8 47 6
8 Peterborough 29 13 5 11 44 13
9 Port Vale 31 12 8 11 44 -1
10 Barnsley 29 13 3 13 42 6
11 Sheff Utd 29 11 9 9 42 4
12 Bradford 28 11 8 9 41 -3
13 Scunthorpe 28 11 5 12 38 -4
14 Rochdale 28 10 7 11 37 -2
15 Bury 28 10 7 11 37 -7
16 Doncaster 29 9 9 11 36 -4
17 Swindon 30 10 6 14 36 -5
18 Blackpool 29 9 6 14 33 -7
19 Chesterfield 29 9 3 17 30 -11
20 Shrewsbury 30 8 6 16 30 -15
21 Fleetwood 28 7 8 13 29 -3
22 Crewe 29 6 8 15 26 -20
23 Oldham 27 4 12 11 24 -13
24 Colchester 29 5 7 17 22 -32
Latest F1 News
Latest Vital Boxing News

Colchester United Fixtures (view all)

Feb 13 2016 3:00PM : Swindon Town (H)
Sky Bet League One
Feb 16 2016 7:45PM : Chesterfield (H)
Sky Bet League One
Feb 20 2016 3:00PM : Bury (a)
Sky Bet League One
Feb 27 2016 3:00PM : Shrewsbury Town (H)
Sky Bet League One
Mar 1 2016 7:45PM : Bradford City (a)
Sky Bet League One
Mar 5 2016 3:00PM : Port Vale (a)
Sky Bet League One

Recent Colchester United Results (view all)