That wasn't the football league though, so not covered by FL regs.
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Today's Guardian Article About Plymouth's Very Dire Financial Position
- Thread starter C17BHA
- Start date
That wasn't the football league though, so not covered by FL regs.
Anyway, the fact that Plymouth ARE now safely in Administration is a good thing, yes? For them?
The immediate concern surely was that HMRC or another creditor would press for liquidation before that protected legal position was secured?
The immediate concern surely was that HMRC or another creditor would press for liquidation before that protected legal position was secured?
True, but unibond (or whoever) initially deducted the points (presumably in keeping with their own regulations). The FA then intervened and instead awarded 3pts for unplayed games. The FA may well see fit to intervene with the Football League and do the same. The decision to intervene was challenged in the high courts and the decision was upheld.
But, like Easy says, it is just about there having been a precedent for it, so what's the harm in creating a table to show what it would look like if it did happen?
This.
To be frank, its probably victory longer term too. Admin is all about making them more attractive (chepaer) to a buyer, non?
Sussex Nomad
Well-known member
Well, if there is any good news, it is Plymouth going into administration today and protecting themselves from the HRMC who failed to get a winding up order in the courts today. Should ensure Plymouths long term future.
Lord Bracknell
On fire
"I have practical difficulties at the moment- I'm not currently funded so I'm prevailing upon the goodwill of staff and players to continue to work without pay". - Brendan Guilfoyle, the Administrator.
How long will that last?
How long will that last?
fosters headband
Well-known member
He has stated that they have three very interested buyers now they are in administraion and if one puts money in to help with running costs I think they become the preffered buyer. He has also told the fans that he is confident of a sale by the 17th March.
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The French Mistress
New member
- Jun 24, 2007
- 1,279
Is it me being synical, but why does the name Peter Risdale keep cropping up with clubs in trouble ( sorry if already done ! )
severnside gull
Well-known member
17th March. No sale and start this debate all over again. Who would want to be an Argyle fan right now?
SittingbourneSeagull
Well-known member
Just been thinking that if the transfer window did not exist they could maybe sell a couple of players (if there are any good enough) to raise funds and that if the transfer window had existed when we needed to sell Beeney perhaps things would have become even worse for us.
fosters headband
Well-known member
When you listen to this interview, the former chairman and now acting chairman feels the club will now survive, which is good news for their fans.
BBC Sport - Football - Administration 'best thing for Argyle' - Paul Stapleton
BBC Sport - Football - Administration 'best thing for Argyle' - Paul Stapleton
Pavilionaire
Well-known member
- Jul 7, 2003
- 31,265
You don't suddenly become this much in debt overnight.
The board have much to answer for. They're guarateed to go down, people aren't being paid and they're guaranteed to f*** over creditors along the way. If they'd sold some stars, trimmed their wage bill and boxed clever in the loan market before their stock had completely fallen they just might have had a chance of staying up.
Just what advice ARE their accountants giving them?