First pro club in years to be wound up?

[strung out]

it is tho

the actual top flight is only about 5 or 6 clubs, but they are doing great and making a lot of people a lot of money

which is why i find all the talk about the top flight being fine terribly depressing

 

[kained&able]

As a supporter of a club that has been doing things the right way for decades whilst surrounded by local rivals going bust, I say bring it on. The clubs that don't spend what they can't afford will succeed at the expense of the boom and bust clubs. I see no problem with that whatsoever. I'm heartily sick of losing games to clubs that can't really afford the wages of their star players but hope they can get bailed out by somebody else if they fail to buy success.

exactly! Any club with a decent bsuiness model will be fine, any over spending silly silly club knows the risk when they start spending and don't really deserve too much sympathy, only the fans do.

Theres obvious exceptions to this(luton! ) and to be honest i don't know why southampton are in so much trouble( i think its all on the stadium and them being shit isn't it?) but everybody saying that football is fucked is just plain wrong, there are no good economic reasons to think that football is in any real problem and is in fact on a much better financial footing then it was a few years ago.

upwal(the artist fromally known as RD) west ham are completely debt free, running at a slight profit with a very good and safe business model, the only way we are getting into any problems is if our holding compnay goes bust(or we get relegated and cant get back up before parachute payments end) and while not impossible, its not that likely and i believe that if they got in any real trouble we would be quite an attractive club to be taken over, even if its by some sort of fans consortium or something quite small, as there doesn't need to be any investement in us to keep us a float.

We are doing things right.

Strung out don't take anything i'm saying as anything other then argueing that the top flight is fine. Someone said it wasn't(dave dissedent??) i'm saying it really is. I do have fears about the lower leagues though. I really wouldn't be shocked to see a fair few more clubs go bust especially if the premuership teams get a bit more aggressive in trying to target fans to get thier revenues up, especially for teams with lots of top flight teams around them, teams around brum, scouse land, london and manchester. The championship looks fairly solid but i do fear for league 1 and league 2 sides and wouldn't be entriely shocked if league 2 becomes a semi professional league in the next 5/10 years.


Isitme is wrong as well the top 4/5 are probabley the least stable in the league. Liverpool, man united and chelsea have massive massive debts and no real clue how to clear em. Arsenal will be fine in a couple of years once the staidum is paid off but untill then are a bit sktchy and man city will implode the 2nd the sugar runs out. Rest of the league is fairly stable other then the newly promoted and anyone yo, yoing.


dave

 

[belboid]

fail to see why they should get footballing penalties for indebtedness anyway really.

Leicester City.

They are the reason for points being docked, as they cheated worse than West Ham in paying well over the odds for players, and building a new stadium, and then wiped off millions of debt without any sanction. They knew exactly what they were doing and tried to play the system. Leeds tried a similar thing (less succesfully) more recently, no one could object to their being docked points could they?

 

[tommers]

upwal(the artist fromally known as RD) west ham are completely debt free, running at a slight profit with a very good and safe business model, the only way we are getting into any problems is if our holding compnay goes bust(or we get relegated and cant get back up before parachute payments end) and while not impossible, its not that likely and i believe that if they got in any real trouble we would be quite an attractive club to be taken over, even if its by some sort of fans consortium or something quite small, as there doesn't need to be any investement in us to keep us a float.

We are doing things right.

Dave - things are certainly on a much better footing than they were about 2 years ago (which is why we've sold loads of people and not spent much) but we still have debts.

Duxbury has gone on record to say that the accounts for 2007-08 are a "disaster" and he also said that all the money to buy ljungberg, parker, bellamy, upson, neill, davenport, LBM etc etc and to pay their wages was all borrowed from the banks. At the time he says he thought it was personal money from Eggy and BG but it turned out to be bank loans.

We've paid a lot of it back, but there's still some debts. We've just got to the stage where we can afford the repayments.

KUMB: Okay. I think a lot of the queries will be settled when we actually see the accounts.

SD: The accounts were a disaster; we've had absolute Hell. We've had the owner going bankrupt, XL ... it's been an absolute disaster. Ironically the past year-and-a-half has been the best it's been because we haven't had an owner, we've been able to just get on and run the club without interference and basically implement the business plan.

But we've had massive pressure from the banks. The collapse of our various partners and owner coincided obviously with the banking world just being absolutely destroyed. What happened was, when Eggert came in we embarked on a massive player acquisition programme. It's not just the transfer fees, it was the salaries that were given. And all of this, we didn't know, was bank funded - it wasn't owner funded. Then the banking world collapses and they said 'we want our money back'. Fantastic.

So we've had to enter a period where we've had to reduce our debt through player disposals and making sure we're self sufficient. Now ironically, with BG having the problems that he was, that allowed me then to just get on with that - plan, budget and do the player disposals. So when I said in the January window that players wouldn't be sold I was confident that there was no interference from above and I could deliver what I said.

 

[kained&able]

what the fuck????

when did it change from BG invested 60 million of his own cash to clear our debts to the above?

you got a url for the full interview of that tommers, missed it entirely.

Thats lame.


dave

 

[strung out]

fucking southampton, fucking scum wankers. i wish they had fucking gone out of business, fucking scum cunts.

 

[Sadken]

Pleased for 'em

 

[Epico]

fucking southampton, fucking scum wankers. i wish they had fucking gone out of business, fucking scum cunts.

I thought you might not be best pleased about this.

 

[strung out]

seriously, days from being wound up, and then the cunts go and offer our star striker 10k a week. well they can go fuck themselves.

 

[1927]

fucking southampton, fucking scum wankers. i wish they had fucking gone out of business, fucking scum cunts.

have they been saved then?

 

[strung out]

yes. and they've just bought rickie lambert off us too, by offering to double his wages.

 

[1927]

yes. and they've just bought rickie lambert off us too, by offering to double his wages.

Fucking crazy, you'd think they'd learn. Thats why I am pleased that Peter Risdale is in charge at Cardiff. He's made mistakes, knows the pitfalls and seems to be making sure it doesnt happen again. Fans may not always like it, but he's kept a grip on our finances without which we'd have sunk years ago!

 

[ChrisFilter]

Leicester City.

They are the reason for points being docked, as they cheated worse than West Ham in paying well over the odds for players, and building a new stadium, and then wiped off millions of debt without any sanction. They knew exactly what they were doing and tried to play the system. Leeds tried a similar thing (less succesfully) more recently, no one could object to their being docked points could they?

This isn't actually true. Let me see if I can dig out some of the real stories about Leicester's administration.

Besides, can't really blame Leicester. Any other club would have done the same in their position.

In reality Leicester sold plenty of players to avoid administration. It wasn't the easy option the less informed amongst us like to claim it was.