Generic clubs in financial crisis Thread

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facaldaqui
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Re: Generic clubs in financial crisis Thread

by facaldaqui » 21 Feb 2011 17:14

floyd__streete http://news.bbc.co.uk/sport1/hi/football/teams/p/plymouth_argyle/9401625.stm

Tbh, Reading and Plymouth are probably similar sized clubs. One - for all our bitching 8) - has run itself pretty well in the context of avoiding something like this, the other hasn't and will be playing fourth division football next season.....at best. Cheers Mr Mad, you tight get 8)


These clubs do make a good contrast, being a similar size. But another of the same size is Preston, and their plight bothers me. They have gone down the prudent road and all it has got them is relegation. Good management is key: the moment we get a duff manager (as we did with Bullivant), all the prudence in the world won't help us. Thank goodness we didn't sign Ferguson or Irvine, as so many on this board were urging us to do when we sacked Rodgers. :D

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Re: Generic clubs in financial crisis Thread

by facaldaqui » 21 Feb 2011 17:23

Jackson Corner
Ideal Old news, but the Leyton Orient thinks teams that go into administration should be relegated two divisions! I quite agree with that.
http://www.dailymail.co.uk/sport/football/article-1278462/Orient-chairman-Barry-Hearn-calls-administrated-clubs-relegated-TWO-divisions.html
'Clubs that spend more money than they can afford, that go into administration, have been guilty of cheating, nothing less. 'They are fielding a team they couldn't afford to field in a level playing field situation.


Agree how were Pompey punished for running up debts of 160 million? A nine point deduction when they were already bottom and going down.
Palace have twice gone in to administration yet Sheff Wed Peterborough and Plymouth avoid it and go down.


I'm totally bewildered at how Portsmouth have been signing better players than us this season--Kitson, Halford, Sonko (permit me a lol or two at those three, whom we sold for a fortune), Lawrence, let alone managing to pay the likes of Kanu, Mokoena, and Nugent. I'm also dumbfounded that Cardiff's financial gambling has still not come back to bite them--I'm really hoping they don't go up, so that they have to pay the bloody piper at last. Ipswich are also a mystery to me: they aren't a huge club, yet they continue to fork out--apparently they're paying £350,000 just to borrow Bullard for half a season. How can they do it?

As for Plymouth, I note that they've pulled the trick of getting the ten points deduction in while they expect to get relegated anyway, so that they won't get it next year--which in my opinion they should. They were already plummeting, so in effect this deduction makes no difference to them whatsoever.

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Re: Generic clubs in financial crisis Thread

by Ian Royal » 22 Feb 2011 22:26

floyd__streete http://news.bbc.co.uk/sport1/hi/football/teams/p/plymouth_argyle/9401625.stm

Tbh, Reading and Plymouth are probably similar sized clubs. One - for all our bitching 8) - has run itself pretty well in the context of avoiding something like this, the other hasn't and will be playing fourth division football next season.....at best. Cheers Mr Mad, you tight get 8)


The thing I don't understand is how Plymouth got in that financial situation... They didn't exactly buy much in the way of success. Unless we're talking success being a brief stay in the second tier. :|

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Re: Generic clubs in financial crisis Thread

by roadrunner » 22 Feb 2011 22:30

Ian Royal
floyd__streete http://news.bbc.co.uk/sport1/hi/football/teams/p/plymouth_argyle/9401625.stm

Tbh, Reading and Plymouth are probably similar sized clubs. One - for all our bitching 8) - has run itself pretty well in the context of avoiding something like this, the other hasn't and will be playing fourth division football next season.....at best. Cheers Mr Mad, you tight get 8)


The thing I don't understand is how Plymouth got in that financial situation... They didn't exactly buy much in the way of success. Unless we're talking success being a brief stay in the second tier. :|


How were they paying for the stadium redevelopment? BWP was apparently (according to PAFC forums) on 15k a week. That's nothing short of ridiculous if true.

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Re: Generic clubs in financial crisis Thread

by facaldaqui » 23 Feb 2011 14:58

Ian Royal
floyd__streete http://news.bbc.co.uk/sport1/hi/football/teams/p/plymouth_argyle/9401625.stm

Tbh, Reading and Plymouth are probably similar sized clubs. One - for all our bitching 8) - has run itself pretty well in the context of avoiding something like this, the other hasn't and will be playing fourth division football next season.....at best. Cheers Mr Mad, you tight get 8)


The thing I don't understand is how Plymouth got in that financial situation... They didn't exactly buy much in the way of success. Unless we're talking success being a brief stay in the second tier. :|


Going up to the Championship must have involved a sharp increase in wages, which receipts no longer justify. I think also that crowds never reached the expected heights in the Championship. Plymouth traditionally got high gates at second tier level, but those didn't materialise this time. And now they've plummeted. But I also think they've been let down by their far-eastern backers, who promised them certain sums that they've never in fact coughed up. If Plymouth banked on those sums, no wonder they are now left high and dry.

It just goes to show that financing a club at this level is not easy. Preston seem to have got it wrong as well and have had to start budgeting like a first division side.
Last edited by facaldaqui on 23 Feb 2011 15:02, edited 1 time in total.


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Re: Generic clubs in financial crisis Thread

by Wax Jacket » 23 Feb 2011 15:02

facaldaqui
floyd__streete http://news.bbc.co.uk/sport1/hi/football/teams/p/plymouth_argyle/9401625.stm

Tbh, Reading and Plymouth are probably similar sized clubs. One - for all our bitching 8) - has run itself pretty well in the context of avoiding something like this, the other hasn't and will be playing fourth division football next season.....at best. Cheers Mr Mad, you tight get 8)


These clubs do make a good contrast, being a similar size. But another of the same size is Preston, and their plight bothers me. They have gone down the prudent road and all it has got them is relegation. Good management is key: the moment we get a duff manager (as we did with Bullivant), all the prudence in the world won't help us. Thank goodness we didn't sign Ferguson or Irvine, as so many on this board were urging us to do when we sacked Rodgers. :D


I know what you're saying but that's to look at it from almost entirely a money-based point of view. sometimes in football things can happen for footballing reasons (look at Bournemouth for instance).

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Re: Generic clubs in financial crisis Thread

by facaldaqui » 23 Feb 2011 15:06

Wax Jacket
facaldaqui
floyd__streete http://news.bbc.co.uk/sport1/hi/football/teams/p/plymouth_argyle/9401625.stm

Tbh, Reading and Plymouth are probably similar sized clubs. One - for all our bitching 8) - has run itself pretty well in the context of avoiding something like this, the other hasn't and will be playing fourth division football next season.....at best. Cheers Mr Mad, you tight get 8)


These clubs do make a good contrast, being a similar size. But another of the same size is Preston, and their plight bothers me. They have gone down the prudent road and all it has got them is relegation. Good management is key: the moment we get a duff manager (as we did with Bullivant), all the prudence in the world won't help us. Thank goodness we didn't sign Ferguson or Irvine, as so many on this board were urging us to do when we sacked Rodgers. :D


I know what you're saying but that's to look at it from almost entirely a money-based point of view. sometimes in football things can happen for footballing reasons (look at Bournemouth for instance).


Absolutely. Football is a simple game and it's about winning matches. If you can get a good team winning matches, you can buck the financial odds, as Bournemouth have done. And as Blackpool, Burnley, and us did in getting to the Prem. At the moment I'd say that Watford are succeeding because of good management and players, in the face of some terrible financial problems that led to them having to offload several of their best players last year.

In recent years we've also seen financially sound clubs go down simply because of poor management and players--for example, Norwich and Leicester.

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Re: Generic clubs in financial crisis Thread

by Svlad Cjelli » 23 Feb 2011 15:22

Indeed - the thing to always remember is that there are no guarantees in football. Spending (or not spending) money only increases (or deceases) the chance of success, but there are always teams that over or under achieve.

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Re: Generic clubs in financial crisis Thread

by PieEater » 24 Feb 2011 12:31

facaldaqui In recent years we've also seen financially sound clubs go down simply because of poor management and players--for example, Norwich and Leicester.



You could add Charlton and possibly Southampton to that list. I've never really understood how Soton's fortunes plummeted based on their stadium debt when lots of other clubs have equivalent stadium debts.

I don't think Leicester should be referred to as a financially sound example of a club having cheated their way through administration and causing the 10 point deduction rule to be created.


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Re: Generic clubs in financial crisis Thread

by facaldaqui » 24 Feb 2011 13:39

PieEater
facaldaqui In recent years we've also seen financially sound clubs go down simply because of poor management and players--for example, Norwich and Leicester.



You could add Charlton and possibly Southampton to that list. I've never really understood how Soton's fortunes plummeted based on their stadium debt when lots of other clubs have equivalent stadium debts.

I don't think Leicester should be referred to as a financially sound example of a club having cheated their way through administration and causing the 10 point deduction rule to be created.


True, but the year they went down, Mandaric had "invested" quite heavily in players.

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Re: Generic clubs in financial crisis Thread

by Svlad Cjelli » 25 Feb 2011 15:29

Green and Gold protest knocks 10% off Man Utd's merchandise revenues and jeopardises Nike deal (apparently)
http://www.guardian.co.uk/football/2011/feb/21/manchester-united-glazer-shirts

Bristol Rovers "Black and Gold" protests get their club ciommunicating
http://www.bbc.co.uk/news/uk-england-bristol-12493714

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Re: Generic clubs in financial crisis Thread

by roadrunner » 02 Mar 2011 12:12

I think it's The Guardian that printed today that Plymouth must raise £3m by Friday or go into administration. They've already been docked points so aren't they already in administration?

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Re: Generic clubs in financial crisis Thread

by Svlad Cjelli » 02 Mar 2011 13:48

roadrunner I think it's The Guardian that printed today that Plymouth must raise £3m by Friday or go into administration. They've already been docked points so aren't they already in administration?


No, so far all they have done is announced the intention to appoint an administrator.

Although that was sufficient to trigger the FL's sporting sanctions regulations, they are not yet in formal administration.


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Re: Generic clubs in financial crisis Thread

by roadrunner » 02 Mar 2011 16:30

Svlad Cjelli
roadrunner I think it's The Guardian that printed today that Plymouth must raise £3m by Friday or go into administration. They've already been docked points so aren't they already in administration?


No, so far all they have done is announced the intention to appoint an administrator.

Although that was sufficient to trigger the FL's sporting sanctions regulations, they are not yet in formal administration.


Cheers Dirk.

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Re: Generic clubs in financial crisis Thread

by Uke » 04 Mar 2011 15:34

Pilgrims :oops: :oops: :oops: in Admin

http://news.bbc.co.uk/sport1/hi/footbal ... 414349.stm

Cheer up Peter Reid...
Last edited by Uke on 04 Mar 2011 22:20, edited 2 times in total.

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Re: Generic clubs in financial crisis Thread

by Tails » 04 Mar 2011 15:52

Uke Pompey in Admin

http://news.bbc.co.uk/sport1/hi/footbal ... 414349.stm

Cheer up Peter Reid...



:?

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Re: Generic clubs in financial crisis Thread

by handbags_harris » 04 Mar 2011 17:29



Am I mistaken, or has Portsmouth upped sticks and headed 180 miles down the coast?

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Re: Generic clubs in financial crisis Thread

by roadrunner » 04 Mar 2011 21:18

Uke Pompey in Admin

http://news.bbc.co.uk/sport1/hi/footbal ... 414349.stm

Cheer up Peter Reid...


You're such a tease, Uke.

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Re: Generic clubs in financial crisis Thread

by Uke » 04 Mar 2011 22:22

I can't tell one base full of seamen from another

Freudian slip or just wishful thinking?

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Re: Generic clubs in financial crisis Thread

by Turns8 » 07 Mar 2011 14:28


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