Another established football league club to go in to administration.

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Waterhall Wizard

Only one PETER WARD
Oct 14, 2004
1,299
East of Brighton
Will be announced tomorrow. The ten points deducted will stuff their chance of getting in to a play off place. I doubt whether their well known fan will be singing 'Angels'.

What is happening to our beautiful game? Is it greed of players' wages demand, or just bad financial business by the football clubs?
 
















Woodchip

Woodchip

It's all about the bikes
Aug 28, 2004
14,460
Shaky Town, NZ
Waterhall Wizard said:
What is happening to our beautiful game? Is it greed of players' wages demand, or just bad financial business by the football clubs?
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Over inflated wages
Poor financial management
Over the to transfer fees
Over inflated agent fees
No loyalty by anyone in football
Too many international players

Those are just the first ones that come to mind.
 


















S

severnside gull

Well-known member
May 16, 2007
24,827
By the seaside in West Somerset
they had to go to Stoke City Council who are their biggest creditors to ask them to put the club into administration. Since one of their directors resigned last week they don't have enough board members to function as a legal entity. This has lead to a delay in entering admin ahead of an HMRC prompted WUP but it will formally go to the courts tomorrow.

The net result will be the council tax payers of Stoke taking a massive hit on the £3m or so they have loaned to the club as well as the taxman. Seems a certainty that they will exit admin with some sort of community club deal cobbled together. No danger of them being relegated and little prospect of Mickey Adams leading them anywhere positive anytime soon.

Stoke council tax payers should be used to paying to keep their football clubs in business though as it was effectively them who funded Stoke City's new ground - so maybe time the poor relations got their turn. They are in an absolutely disastrous mess though.
 
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S

severnside gull

Well-known member
May 16, 2007
24,827
By the seaside in West Somerset
Horsham Gull said:
Oh right

now if Birmingham did go into admin that would help us out!
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no chance of that just yet as there are still "funds" to keep them going - may be major issues down the line if they don't go up this season though - there seems to be a tacit acceptance that losing their ownership front man to a Hong Kong jail cell makes little difference which should say it all to the football authorities about how the club is being funded. Whether there was ever enough money in the first place is an interesting question that came into sharp focus earlier than might have been the case because of the extent to which previous owners milked the club of every penny before they walked away.

It isn't just Portsmouth :(
 
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Acker79

Acker79

Well-known member
NSC Patron
Nov 15, 2008
31,921
Brighton
Port Vale applied for administration earlier this week. It then goes through a process and will be confirmed in the next day or so, at which point they will lose 10 points. Yes, thi is public knowledge, all over ssn and probably bbc, too.
 




Mellotron

Mellotron

I've asked for soup
Jul 2, 2008
32,479
Brighton
Never going to wish it on another club (barring Pompey for obvious reasons) but a 10 points deduction to Brum would make a MASSIVE difference to our playoff push.

Is there any chance it would happen?
 


mejonaNO12 aka riskit

mejonaNO12 aka riskit

Well-known member
Dec 4, 2003
21,927
England
I've heard a rumour that another famous signer has passed away.

Let's just say, some people might utter the words "I will always love you"
 


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