Jump to content
Sign in to follow this  
Chris

Coronaviruses effecting businesses

Recommended Posts

I watched a video earlier on YouTube, it detailed how the WWE had released a lot of its talent and, backroom staff due to the issues caused by the Coronavirus.

Whilst in the long run, I think it will benefit them and perhaps AEW/TNA.

Right now, many businesses are taking the blow and, its putting people unfortunately out of work. I know some won't feel bad for a wrestler because of the money involved, yet some of these people have genuine injuries for doing the thing that they love. It's quite a bitter pill to swallow and, I think it will start causing issues with many other areas of entertainment.

Those who are self-employed especially.

Share this post


Link to post
Share on other sites
2 hours ago, Chris said:

I watched a video earlier on YouTube, it detailed how the WWE had released a lot of its talent and, backroom staff due to the issues caused by the Coronavirus.

Whilst in the long run, I think it will benefit them and perhaps AEW/TNA.

Right now, many businesses are taking the blow and, its putting people unfortunately out of work. I know some won't feel bad for a wrestler because of the money involved, yet some of these people have genuine injuries for doing the thing that they love. It's quite a bitter pill to swallow and, I think it will start causing issues with many other areas of entertainment.

Those who are self-employed especially.

A good friend of mine is heavily into the wwe stuff, so I take a passing interest to placate her.

Seems to me the decision to cut so many off the books now is purely down to protecting the bottom line. Working on the basis of no more live shows for the rest of 2020, WWE is still on course to make an operating revenue of $927 million, a record breaking year.

The television broadcasting deals pull in the most cash for them and in real terms, the releases are down to greediness rather than need. The tie ins with Trump worry me as well. McMahon is not a daft bloke. He knows how to protect his bottom line. Pure ruthlessness. Add into that the allowance to continue with live shows as essential viewing, even without the audience, smacks of favours from his best mate, Trump.

Share this post


Link to post
Share on other sites

And on a personal small business note... We need to keep the lockdown going until totally safe to lift. Doesn’t help the self employed though. We’re hitting the point soon where viability comes into question. We’ve managed on reduced money in so far, but if parents are only using us intermittently, then they will get to the point of not paying their full bill and we end up shutting. Understandable from their point of view because they are being asked to pay their normal fees and then hardly use us, but the other side is without their payments we shut totally and they lose a childminder. That’s a biggie for a lot as some serious trust goes into leaving your baby or child with a stranger. Parents don’t want to find a new minder when they’re settled. Plus 80% of childminders have closed for good and won’t reopen, so there will be future demand when the world is rolling again. It’s just getting to that point.

And don’t get me started on the HMRC self employed help. Nothing until June and then only a small percentage. Doesn’t match up to 80% furlough for employed!

Share this post


Link to post
Share on other sites

Knock on effect for a lot of businesses but some are offering good value to keep afloat which is good to see.

Regarding the WWE, I don't know how they can be classed as a vital business.

Share this post


Link to post
Share on other sites

A lot of self employed people could end up ruined if nothing is done to help or assist them properly.

Share this post


Link to post
Share on other sites

It's a bad knock-on-effect for interdependently ran and small businesses, after it clears up shop local and make a difference.

Share this post


Link to post
Share on other sites

I am seeing a lot of my American and Australian friends complaining about the loss of trade and income, it's a troubling time.

Share this post


Link to post
Share on other sites

Some companies are being forced to allow staff to go, my father has been made redundant recently and he had been promised to be protected.

Share this post


Link to post
Share on other sites

With football it could benefit some teams but largely impact others, with smaller clubs like Notts sales of merch is one asset that the club should be pushing.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

About PON

Pride of Nottingham

Pride of Nottingham is an independent fansite devoted to Notts County, the world’s oldest professional football club. Created in 2013, it has served as a source of Magpie news, features, match previews, reports, analysis and interviews for more than three years.

Support PON

Enjoy our content? Want to help us grow? Your donation will go a long way towards improving the site!

donate-pon.png

Meet the Team

Chris Chris Administrators
ARLukomski ARLukomski Administrators
KB1862 KB1862 Global Moderators
CliftonMagpie CliftonMagpie Global Moderators
super_ram super_ram Media

Social Media

×
×
  • Create New...

Important Information

Pride of Nottingham uses cookies to ensure you get the best experience on our website. To approve, simply continue using the site or click 'I accept' Terms of Use.