- Jul 7, 2003
- 47,641
Morecambe been in strife for ages
Was my first thought too.
Very small crowds so limited chances for them to generate funds. I think they've been under a transfer embargo for ages.
Morecambe been in strife for ages
Was my first thought too.
Very small crowds so limited chances for them to generate funds. I think they've been under a transfer embargo for ages.
They had an invisible Brazilian owner nobody had ever met
http://www.supporters-direct.org/ne...ue-debt-hits-1bn-and-swindon-town-on-the-edge
"Swindon are either headed towards administration and a points deduction, or on the verge of a takeover by a 'local consortium' depending on who you believe, but with reported debts around £13m (they also suffered a transfer embargo for breaking the Salary Cost Management Protocol - the Leagues One and Two salary cap), things certainly don't look as good as they were."
Any idea when that article is dated?
Any idea when that article is dated?
I don't think so.
Coventry are up the creek, they owe £38 million to a hedge fund and the Ricoh is owned by Wasps rugby club now.
Bolton are in turmoil, having sacked Dean Holdsworth as a director after he arranged a £4 million loan from a mysterious lender from Essex who are charging interest at 24% a year compound.
Orient have not been paying the bills in L2, so suspect they are the party there.
Any idea when that article is dated?
El Pres. I don't understand why much despised SISU continue to hold onto ownership of CCFC. They have no meaningful assets, just a loss making business, the contracts to some lower league players and a place in the Football League which gets rockier each season.
Do you know why they won't reliinquish control to another entity or the fans?
Blackpool is similar, except the equally hated Oyston's have the stadium and training ground assets, with a long history in the town and in owning the club.
SISU don't know what to do with Cov. Their original intention was to buy the Ricoh for peanuts from the council, and then flog the club for a profit. When Wasps brought the Ricoh instead they became tenants and now want an exit without losing face.
The Oystons took £11m from Blackpool when they were relegated from the Premier League, and have such arrogance they won't relinquish control as it will appear defeatist.
SISU don't know what to do with Cov. Their original intention was to buy the Ricoh for peanuts from the council, and then flog the club for a profit. When Wasps brought the Ricoh instead they became tenants and now want an exit without losing face.
The Oystons took £11m from Blackpool when they were relegated from the Premier League, and have such arrogance they won't relinquish control as it will appear defeatist.