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I’ve slept on the #footballindex update and have some more thoughts (another thread!).
It’s a clever announcement and shows us that ‘magic Mike’ is looking to take the product in a slightly different direction and make bold decisions. More sensible but a little less generous.
It’s a clever announcement and shows us that ‘magic Mike’ is looking to take the product in a slightly different direction and make bold decisions. More sensible but a little less generous.
This almost feels like FI is growing up. There’s less panic in the comms, it feels more like serious thought has gone into things & they are talking to us adult to adult. This is good.
There are plenty of positives too. Firstly the buy/bid rebate could help to kickstart things.
There are plenty of positives too. Firstly the buy/bid rebate could help to kickstart things.
People have picked holes in the 1p MDE payouts but it’s the sensible place to start from. It’s also not just about how much is won, it’s about the number of winners. Adding 20 more PB winners per week is an increase of up to 70% - that’s a lot and should help improve sentiment.
I expect the winners will largely come from the middle and top end of the market (especially with the EL/CL multiplier). We probably have to accept some of those IPD holds are ‘bad bets’.
FI could smooth things a bit by having tournaments where only goals & assists score points.
FI could smooth things a bit by having tournaments where only goals & assists score points.
I’m still neutral on whether adding things like tournaments is a good thing or if it stretches FI too far from its original idea. Perhaps all that matters is increasing engagement - something they’ll need now that IPDs have gone and prices are still depressed. Time will tell.
The stuff about capping circulation is good but we probably won’t see the impact of this until (if) prices rise again. Unless FI decide to do a lot of low level minting - something they’ve now opened the door to.
Looks like Mike has realised that he needs to take a gamble here.
Looks like Mike has realised that he needs to take a gamble here.
I know the argument is that they won’t mint at stupid prices because of the impact on their future liability. But sometimes the present cashflow is more important than the future (and divs can go down as well as up!) so I can see why they’ve decided they need this option.
Of course this potentially starts to pit their interests against ours - not good.
Personally I don’t think they should have put this in the announcement with a lot more information to explain what they mean and how it works.
A little information can be worse than none at all.
Personally I don’t think they should have put this in the announcement with a lot more information to explain what they mean and how it works.
A little information can be worse than none at all.
A couple of final thoughts -
MDE gives extra value to all players on the Index, which is good. The value is concentrated in the ‘best’ players - also good. If the top end can start to grow again, stretching the market, it gives all players a better chance of rising too.
MDE gives extra value to all players on the Index, which is good. The value is concentrated in the ‘best’ players - also good. If the top end can start to grow again, stretching the market, it gives all players a better chance of rising too.
I really want to see how FI sort the tech to deal with this. TOTM is still not integrated with the app and now we have another dividend mechanism to bolt on. It’s poor.
If they don’t sort this out quickly (like within a month), they’ll miss some of the key benefits of this.
If they don’t sort this out quickly (like within a month), they’ll miss some of the key benefits of this.
