Lincoln City Chairman Clive Nates on 100% Imps following the vote to introduce salary caps: “The squad salary caps that were voted in are a long way from perfection and there are a few clauses that we are not happy with. However, it’s a massive improvement on SCMP which is just not fit for purpose.
You mentioned Oxford and what they might be able to do with any surplus they generate. They incurred a loss of £4.3million in their last published accounts and have net current liabilities of £16.5million. So in addition to reducing losses and paying off debt they still have the ability to pay higher transfer fees, pay more for their manager and backroom staff, improve facilities or build a war chest that can enable them to be more competitive if they get to the Championship.
The average player expenditure in L1 over the last 3 years was way over the new limit of £2.5million with on average 16 clubs exceeding this new limit each season over that period.
You already have a massive gap between the Championship and L1. Charlton are coming straight back down, so would have Barnsley if not for Wigan and Luton just survived. The only way to reduce the gaps between the divisions is a complete revamp of the distributions across the pyramid but I wouldn’t hold my breath waiting for that.”
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Clive Nates: "The squad salary caps that were voted in are a long way from perfection."https://t.co/VJlxgCJ8B1#ImpsAsOne #ProudToBeImps pic.twitter.com/XhaHDbDwBY
— Vital Lincoln City (@VitalLincoln) August 7, 2020
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