Generic clubs in financial crisis Thread

[handbags_harris]

Just one of a number of clubs "on the brink", added to the list: Coventry City.

http://www.coventrytelegraph.net/covent ... -28833554/

[Rev Algenon Stickleback H]

So they grew above their means, and without external funding they were allways destined to fail - every football club has its natural "level" and they needed money to compete about their own.

That's true if you are talking about someone like Canvey Island or Grays, but Rushden do still get the crowds.

This season apart, with crowds dropping to 1250, they've always averaged 1500 - 2000 in the conference. That's ample for the level. Even this year's average had them 14th in the average crowds stats. It'd be hard to make a case for saying the conference isn't their natural level.

[Royal Rother]

I started to type out a doom and gloom contribution but deja vu kicked in - I've been saying the same thing for 3 or 4 years but no, financial armageddon hasn't happened yet - but with 2+ years of austerity measures ahead that are REALLY going to bite (interest rates going up soon - gulp!) it still seems inevitable to me.

In 2014, Reading FC - last club standing... (or with honour intact)

[Friday's Legacy]

I started to type out a doom and gloom contribution but deja vu kicked in - I've been saying the same thing for 3 or 4 years but no, financial armageddon hasn't happened yet - but with 2+ years of austerity measures ahead that are REALLY going to bite (interest rates going up soon - gulp!) it still seems inevitable to me.

In 2014, Reading FC - last club standing... (or with honour intact)

you win nothing for honour, but at least when those around us are readjusting to life under these rules, we will be business as usual.

[Royal Rother]

You win respect and admiration which provides more long-term benefits than anything else we are likely to win.

[Rev Algenon Stickleback H]

Looking into things a bit deeper, it doesn't seem to be purely about mismangement. The ground was apparently hit by flooding earlier in the year, which caused a lot of damage and put the club shop out of action. The insurers haven't yet paid up.

One thing that does look a bit fishy is that one of the three people deciding whether to kick them out at the AGM was Southport's chairman. Kicking them out, by a remarkable co-incidence, means that Southport now stay up.

[Barry the bird boggler]

Looking into things a bit deeper, it doesn't seem to be purely about mismangement. The ground was apparently hit by flooding earlier in the year, which caused a lot of damage and put the club shop out of action. The insurers haven't yet paid up.

One thing that does look a bit fishy is that one of the three people deciding whether to kick them out at the AGM was Southport's chairman. Kicking them out, by a remarkable co-incidence, means that Southport now stay up.

Believe R&D have 14 days to appeal.....

[handbags_harris]

Haven't seen this anywhere, but Bristol Evening Post is reporting that Championship clubs have voted for the 60% wage cap from sumer 2013. 22 of 23 clubs voted in favour.

League 1 is 60%, League 2 55%.

http://www.thisisbristol.co.uk/act-wake ... story.html

Interesting that this comes from Bristol City, who's wages equate to 108% of turnover I think I read somewhere...

[Who Moved The Goalposts?]

Haven't seen this anywhere, but Bristol Evening Post is reporting that Championship clubs have voted for the 60% wage cap from sumer 2013. 22 of 23 clubs voted in favour.

League 1 is 60%, League 2 55%.

http://www.thisisbristol.co.uk/act-wake ... story.html

Interesting that this comes from Bristol City, who's wages equate to 108% of turnover I think I read somewhere...

Good news - wonder who the one dissenting voice was?

[Mr Angry]

Haven't seen this anywhere, but Bristol Evening Post is reporting that Championship clubs have voted for the 60% wage cap from sumer 2013. 22 of 23 clubs voted in favour.

League 1 is 60%, League 2 55%.

http://www.thisisbristol.co.uk/act-wake ... story.html

Interesting that this comes from Bristol City, who's wages equate to 108% of turnover I think I read somewhere...

Good news - wonder who the one dissenting voice was?

....and which club didn't even bother voting!

[T.R.O.L.I.]

My guesses:

Leeds (absent from the vote)
Pompey (voted "no").

[roadrunner]

Great news!

So does this mean clubs have 2 years to sort themselves out ready for 2013 or will we get to 2013 and then they have so long..?

Will this create an even bigger gulf between the FL and PL with better players unable to drop to certain clubs because of the cap?

[Svlad Cjelli]

Great news!

So does this mean clubs have 2 years to sort themselves out ready for 2013 or will we get to 2013 and then they have so long..?

Will this create an even bigger gulf between the FL and PL with better players unable to drop to certain clubs because of the cap?

The same is coming in via UEFA, so any PL clubs who want to play in Europe from (I think!) 2014 will need to have similar compliance.

[TheMaraudingDog]

Rushden and Diamonds expelled from the Conference, meaning Southport are reprieved from relegation.

I don't know all the details but on the facts of it but, having been given Nene Park by Max Griggs, how did the Supporter's Trust get them into this position?

By being fans first and businessmen second?

Long live SJM

With the money he makes from RFC I'm sure he will.

Looks like another few million for Long will soon be lining his pockets also.

[Barry the bird boggler]

There is a salary cap in operation in L2, will this also be applied in the Championship at some point?

[Tails]

Rushden and Diamonds expelled from the Conference, meaning Southport are reprieved from relegation.

I don't know all the details but on the facts of it but, having been given Nene Park by Max Griggs, how did the Supporter's Trust get them into this position?

By being fans first and businessmen second?

Long live SJM

With the money he makes from RFC I'm sure he will.

Looks like another few million for Long will soon be lining his pockets also.

[Barry the bird boggler]

One thing that does look a bit fishy is that one of the three people deciding whether to kick them out at the AGM was Southport's chairman. Kicking them out, by a remarkable co-incidence, means that Southport now stay up.

Not fishy in the slightest - Southport's chairman, Charlie Clapham (who is also the Conference vice chairman) was not allowed to participate in the meetings surrounding R&D and neither was he allowed to vote on whether they should be ejected from the competition.

[TheMaraudingDog]

One thing that does look a bit fishy is that one of the three people deciding whether to kick them out at the AGM was Southport's chairman. Kicking them out, by a remarkable co-incidence, means that Southport now stay up.

Not fishy in the slightest - Southport's chairman, Charlie Clapham (who is also the Conference vice chairman) was not allowed to participate in the meetings surrounding R&D and neither was he allowed to vote on whether they should be ejected from the competition.

You honestly believe just cos he had no 'official' input that he wasn't consulted.

It's daft f*ckers like you who also believe the account that RFC publish.

[Uke]

Bait set, no takers

[handbags_harris]

So, Plymouth Argyle enter into a legally binding contractual agreement with Kari Arnason to pay him X amount per week for X number of years. Plymouth Argyle then enter financial difficulties and ask their players to sign a voluntary wage deferral in order to help the club meet it's other commitments. Arnason, after six months of wage deferrals, decides that he can no longer accept to go without full pay and refuses to sign another deferral. He is then sacked, essentially for informing Plymouth Argyle that he wants them to abide by their contractual obligations and give him 100% pay. No expert here, but that's not legal, surely?

And anyway, surely the money owed to Arnason for his contract is football credit and therefore is subject to 100% repayment temrs anyway? What am I missing here?