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Topic Originator: GG Riva
Date: Wed 5 Feb 12:38
Quote:
saltonsgonagetu, Wed 5 Feb 11:31
Part of the Partick statement on their financial health mentions , that due to national insurance going up that will cost them and I suppose every other full time club , 5 k a month in extra contributions. https://ptfc.co.uk/ptfc-news/update-from-club-chairman-richard-beastall-4th-february-2025/
Clubs can opt to not take out insurance to save money, but it`s a risky strategy. The Pars did that one season before our previous investors came in and it turned out to be a disastrous choice as we had a succession of players needing (mainly) hernia ops, I think. The waiting list on the NHS is about 2 years, so they had to go private, and it cost the Pars a fortune.
Not your average Sunday League player.
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Topic Originator: Malcolm Canmore
Date: Wed 5 Feb 12:57
GGRiva, clubs cannot opt out of National Insurance. It’s a tax by another name. Private healthcare insurance is entirely different.
My dog eats meat
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Topic Originator: wee eck
Date: Wed 5 Feb 13:11
Judging by that statement Partick are obviously very cost-conscious but the appointment of a Sporting Director who will be carrying out duties previously done by other employees or directors will add to their costs. He`s going to have to cover his salary from improved transfer deals just to justify his appointment.
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Topic Originator: DAftbugger
Date: Wed 5 Feb 17:09
Interesting statement a lot of pertinent points, i get stuck down rabbit holes on detail.
The £5,000 a month on national insurance would mean either.
The clubs annual wage bill is about £400,000 which really doesn`t seem enough.
Or it`s a increase of £5,000 a month on national insurance.
Which would mean the clubs annual wage bill is about £5M which really seem WAY too much for that club.
Thoughts??
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Topic Originator: StuPar82
Date: Wed 5 Feb 17:17
Quote:
GG Riva, Wed 5 Feb 12:38
Quote:
saltonsgonagetu, Wed 5 Feb 11:31
Part of the Partick statement on their financial health mentions , that due to national insurance going up that will cost them and I suppose every other full time club , 5 k a month in extra contributions. https://ptfc.co.uk/ptfc-news/update-from-club-chairman-richard-beastall-4th-february-2025/
Clubs can opt to not take out insurance to save money, but it`s a risky strategy. The Pars did that one season before our previous investors came in and it turned out to be a disastrous choice as we had a succession of players needing (mainly) hernia ops, I think. The waiting list on the NHS is about 2 years, so they had to go private, and it cost the Pars a fortune.
On the point of private medical insurance I have a slightly different recollection, although possibly incorrect.
This was the season 2018/2019 and the year AJ was let go and Crawford came in. I think we had a huge number of injuries and players requiring operations. At the supporters meeting the question about why we didn’t have insurance for the players was put to Ross McArthur and his response was that the cost of the premiums meant it wasn’t cost effective for the club to have this. I would presume that for most operations we would PAYG Privately due to the timescales on the NHS and that many of the operations for players could be considered elective rather than necessary. Maybe I had picked it up wrongly but I didn’t think we’d changed on that (although that was when the club had to be managed more frugally, so possibly changed with the current or previous owners).
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Topic Originator: Stanza
Date: Wed 5 Feb 18:45
My recollection is the same as that of StuPar - it was a deliberate choice by the club not to take out insurance, for the reasons stated.
Ross`s explanation might have been recorded in the minutes of the meeting (which I may well have written!), but I can`t see the Supporters` Council notes on the current version of the club`s official website (they were on the previous version.)
_________________
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Topic Originator: neils
Date: Wed 5 Feb 22:17
Yes, from memory , almost certain that`s what happened, the premiums would have been enormous due to yet another previous season with a pile of injuries, I think the club took the risk of just swallowing the cost, which obviously didn`t pay off that season, but overall over a few seasons probably has.
It`s a big cost professional sports insurance, and obviously has to be profitable for the reinsurers and providers etc it`s not a polite you bung up online.
No idea if we ever went back to insurance, but we still pay for private operators.
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Topic Originator: GG Riva
Date: Thu 6 Feb 06:22
Quote:
Malcolm Canmore, Wed 5 Feb 12:57
GGRiva, clubs cannot opt out of National Insurance. It’s a tax by another name. Private healthcare insurance is entirely different.
I meant private health insurance e.g. Bupa, so that players requiring surgery can get it quite speedily, Malcolm. I misread the OP. 🙄☹️
Not your average Sunday League player.
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