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Huge losses at Aintree
There must be £millions lost due to the cancellation of the Grand National. The organisers are in the process of refunding all ticket holders, but there must be massive losses to all associated companies. It is probably the greatest financial victim of the virus. This surely will have a huge effect locally.
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The National, the Premier League, all manner of sporting events. All of business, in fact.
I don't think anyone has any real concept of how utterly devastating this pandemic will be economically. Locally, nationally, internationally.
I think it will make the Wall Street Crash and the 2008 crash look like small change.
Major businesses will survive, perhaps with huge adaptions. But it's the small businesses that I feel most sorry for. How a sole trader or even medium sized businesses are coping is beyond me. Unless they are in a key industry. I hope the government gives them every support possible when this is over.
And talking of sport, why are Premier League footballers getting it in the neck from the likes of Hancock and some areas of the media at the moment? Not that I don't think they are overpaid little darlings, but it seems churlish to target them when the Phillip Greens and the Richard Bransons of this country are seemingly contributing zero.
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Originally Posted by Toodles McGinty
The National, the Premier League, all manner of sporting events. All of business, in fact.
I don't think anyone has any real concept of how utterly devastating this pandemic will be economically. Locally, nationally, internationally.
I think it will make the Wall Street Crash and the 2008 crash look like small change.
Major businesses will survive, perhaps with huge adaptions. But it's the small businesses that I feel most sorry for. How a sole trader or even medium sized businesses are coping is beyond me. Unless they are in a key industry. I hope the government gives them every support possible when this is over.
And talking of sport, why are Premier League footballers getting it in the neck from the likes of Hancock and some areas of the media at the moment? Not that I don't think they are overpaid little darlings, but it seems churlish to target them when the Phillip Greens and the Richard Bransons of this country are seemingly contributing zero.
That obnoxious creep Branson has done more to undermine the NHS than anyone if he doesn't get his way.
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Originally Posted by Little Londoner
That obnoxious creep Branson has done more to undermine the NHS than anyone if he doesn't get his way.
True. Yet he's demanding a small fortune to keep his airline afloat.
Hopefully, as someone else mentioned, we'll remember these companies when this is over. Virgin, Sports Direct, 'Spoons etc. Go straight to their rivals instead.
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Originally Posted by Toodles McGinty
True. Yet he's demanding a small fortune to keep his airline afloat.
Hopefully, as someone else mentioned, we'll remember these companies when this is over. Virgin, Sports Direct, 'Spoons etc. Go straight to their rivals instead.
Except that when folks want cheap flights, trainers or beer, they will still go to Virgin, Sports Direct, 'Spoons etc.
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Originally Posted by *concerned*
Except that when folks want cheap flights, trainers or beer, they will still go to Virgin, Sports Direct, 'Spoons etc.
In business, providing goods/services 'at the right price' is the key to success, particularly so if it can be done without sacrificing quality.....Like the saying goes: '10% of £1,000 is better than 30% of £100'.
On Yer Bike!
www.20splentyforus.co.uk
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Originally Posted by Toodles McGinty
The National, the Premier League, all manner of sporting events. All of business, in fact.
I don't think anyone has any real concept of how utterly devastating this pandemic will be economically. Locally, nationally, internationally.
I think it will make the Wall Street Crash and the 2008 crash look like small change.
Major businesses will survive, perhaps with huge adaptions. But it's the small businesses that I feel most sorry for. How a sole trader or even medium sized businesses are coping is beyond me. Unless they are in a key industry. I hope the government gives them every support possible when this is over.
And talking of sport, why are Premier League footballers getting it in the neck from the likes of Hancock and some areas of the media at the moment? Not that I don't think they are overpaid little darlings, but it seems churlish to target them when the Phillip Greens and the Richard Bransons of this country are seemingly contributing zero.
I think it probably is far more devastating than 2008 already and possibly as bad as 1920's, even when the medical side has past the worst will probably be to come as one Financial Institution after another unravels, this countries economy is based on Finance Markets and it not a good place to be in now.
Cutting players wages will only result in one thing - an exodus, all the names will just go touting their wares elsewhere. I can't understand why Liverpool are getting it in the neck at the moment, the Government introduced a scheme to pay workers who aren't working because of the restrictions imposed by the Government, the staff in question aren't working, to their credit the club are also topping up the pay. Is that where the flack is being generated by those who aren't / don't pay the top up?
Philip Greens Empire is not looking good in one of yesterdays papers it said that Topshop was on the brink and the whole Rag Market was awash with 'out of season' gear.
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Originally Posted by Little Londoner
That obnoxious creep Branson has done more to undermine the NHS than anyone if he doesn't get his way.
He is one of the biggest Tax Avoiders, all the bailouts should have been based on tax contributions to the Exchequer.
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Member Post Likes / Dislikes - 3 Likes, 0 Dislikes
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Originally Posted by Toodles McGinty
The National, the Premier League, all manner of sporting events. All of business, in fact.
I don't think anyone has any real concept of how utterly devastating this pandemic will be economically. Locally, nationally, internationally.
I think it will make the Wall Street Crash and the 2008 crash look like small change. H
Major businesses will survive, perhaps with huge adaptions. But it's the small businesses that I feel most sorry for. How a sole trader or even medium sized businesses are coping is beyond me. Unless they are in a key industry. I hope the government gives them every support possible when this is over.
And talking of sport, why are Premier League footballers getting it in the neck from the likes of Hancock and some areas of the media at the moment? Not that I don't think they are overpaid little darlings, but it seems churlish to target them when the Phillip Greens and the Richard Bransons of this country are seemingly contributing zero.
Some credit surely to footballers, the Premier League captains along with their teams have already agreed to contribute 30% of their wages, wanting this to go to unpaid non-playing staff, the NHS and community charities, they are resisting a pay cut, because they feel, with some justification that this money will simply flow to wealthy owners and shareholders.
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Originally Posted by silver fox
Some credit surely to footballers, the Premier League captains along with their teams have already agreed to contribute 30% of their wages, wanting this to go to unpaid non-playing staff, the NHS and community charities, they are resisting a pay cut, because they feel, with some justification that this money will simply flow to wealthy owners and shareholders.
Not only that but if they give up 30% of their salary it will result in £200 million less in taxes.
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Originally Posted by silver fox
Some credit surely to footballers, the Premier League captains along with their teams have already agreed to contribute 30% of their wages, wanting this to go to unpaid non-playing staff, the NHS and community charities, they are resisting a pay cut, because they feel, with some justification that this money will simply flow to wealthy owners and shareholders.
Many of these so called greedy overpaid prima donnas have already made substantial gifts and donations, some publicly some privately.
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Originally Posted by Alikado
Many of these so called greedy overpaid prima donnas have already made substantial gifts and donations, some publicly some privately.
Very true, some we hear about, mainly we don't until much later.
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Originally Posted by said
There must be £millions lost due to the cancellation of the Grand National. The organisers are in the process of refunding all ticket holders, but there must be massive losses to all associated companies. It is probably the greatest financial victim of the virus. This surely will have a huge effect locally.
they are insured against this event....its only your dividends will suffer if you have shares in insurance backers
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Originally Posted by said
There must be £millions lost due to the cancellation of the Grand National. The organisers are in the process of refunding all ticket holders, but there must be massive losses to all associated companies. It is probably the greatest financial victim of the virus. This surely will have a huge effect locally.
the owners of the "virtual" grand national ...the video version have just made a few million....so its not all a disaster
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Originally Posted by Alikado
Many of these so called greedy overpaid prima donnas have already made substantial gifts and donations, some publicly some privately.
That's what I mean. Are the owners getting criticised? Of course not. Any other sport? Nope. Just the footballers, for some reason.
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