Generic clubs in financial crisis Thread

[Royal Rother]

Ah, I assumed there was a clue in your little pronouncement...

[Seal]

There was (loosely!)

[Seal]

And congratulations go to wolsey.

Npower are the new sponsors of the Football League.

[Wimb]

And congratulations go to wolsey.

Npower are the new sponsors of the Football League.

Endsleigh > Coca Cola > Nationwide > npower

[exileinleeds]

And Pompeys winding up order has been suspended while they are in administration. The court has however ordered a meeting of all the major creditors in two weeks.

[Mr Optimist]

And Pompeys winding up order has been suspended while they are in administration. The court has however ordered a meeting of all the major creditors in two weeks.

Presumably the 9 points will come off now. A shame really as they are making a good fist of being relegated without the deduction!

[Dirk Gently]

I think the timing of the below is interesting. More than anything I think it's related to OFCOM's announcemet about the reselling of PL matches by Sky to other broadcasters, which is due out next week.

http://www.cityam.com/news-and-analysis/more-cash-football-clubs

More cash for football clubs
Tuesday, 16th March 2010
SPORT FINANCE
STEVE DINNEEN
THE Premier League is planning a radical shake-up of its funding for the lower leagues in a bid to help stop clubs hitting the financial rocks.
Portsmouth’s woes have dominated the headlines but it is the plight of Championship sides without bumper Premier League revenues that is troubling analysts.
Now sources close to the matter say the Premier League could double the “solidarity payments” handed to each club in the three lower leagues at the end of a season.
The payments currently total between £14m and £50m, depending on how much is awarded in parachute payments to relegated Premier League teams. They are heavily weighted towards the Championship.
But the football body wants to look at ways to make the system fairer for smaller clubs at risk of sliding into administration.
Parachute payments, designed to cushion the fall from the top flight, are paid out over two years but if a club is relegated and promoted in successive seasons it does not qualify for the £12m and it is distributed to other clubs. In some seasons this means there is an extra £36m up for grabs. The shake-up could also see parachute payments cut. There has been criticism that they can give relegated teams an advantage.
The move would be welcomed by lower league clubs where there is pressure to compete for promotion but nowhere near the revenues seen at the bigger teams. Premier League clubs collect between £20m and £40m a year from the league.
Teams in financial dire-straights include Cardiff, Southend and Crystal Palace. However, the Premier League ruled out paying parachute money in a lump sum to clubs in financial trouble like Portsmouth.

[Wax Jacket]

I take it potential sponsors will be looking at the overall health of the game before they put their name to it....hopefully this will also help tighten up some of the procedures surrounding club ownership (seems a bit hopeful though)

[paultheroyal]

Goodbye Coca Cola Championship and hello "Championship sponsored by NPower"

Not quite the same ring to it.

[DougEFresh]

could have been much worse tbf, just pleased my prediction of the webuyanycar.com League didnt come true

[6ft Kerplunk]

Explains why the robbing pcunts have decided to try and up my direct debit by 50% despite my account being in credit.

[Barry the bird boggler]

I think the timing of the below is interesting. More than anything I think it's related to OFCOM's announcemet about the reselling of PL matches by Sky to other broadcasters, which is due out next week.

http://www.cityam.com/news-and-analysis/more-cash-football-clubs

More cash for football clubs
Tuesday, 16th March 2010
SPORT FINANCE
STEVE DINNEEN
THE Premier League is planning a radical shake-up of its funding for the lower leagues in a bid to help stop clubs hitting the financial rocks.
Portsmouth’s woes have dominated the headlines but it is the plight of Championship sides without bumper Premier League revenues that is troubling analysts.
Now sources close to the matter say the Premier League could double the “solidarity payments” handed to each club in the three lower leagues at the end of a season.
The payments currently total between £14m and £50m, depending on how much is awarded in parachute payments to relegated Premier League teams. They are heavily weighted towards the Championship.
But the football body wants to look at ways to make the system fairer for smaller clubs at risk of sliding into administration.
Parachute payments, designed to cushion the fall from the top flight, are paid out over two years but if a club is relegated and promoted in successive seasons it does not qualify for the £12m and it is distributed to other clubs. In some seasons this means there is an extra £36m up for grabs. The shake-up could also see parachute payments cut. There has been criticism that they can give relegated teams an advantage.
The move would be welcomed by lower league clubs where there is pressure to compete for promotion but nowhere near the revenues seen at the bigger teams. Premier League clubs collect between £20m and £40m a year from the league.
Teams in financial dire-straights include Cardiff, Southend and Crystal Palace. However, the Premier League ruled out paying parachute money in a lump sum to clubs in financial trouble like Portsmouth.

Way to go there, let's encourage everyone to be prudent and careful with money by giving them to a shed load more. And then we all wonder why the games in terrible trouble financially.....

[Jimmy the Tree]

I saw the other day that Crystal Palace Administrators have extended the deadline for buyers till the 26th I think.

I assume this means they are having trouble finding a buyer. What happens if they fail, liquidation?

[Mr Angry]

Pompey 9 point deduction confirmed this morning.

[Tony Le Mesmer]

Pompey 9 point deduction confirmed this morning.

Carried over til next season if they would have gone down anyway?

[buzzby]

Pompey 9 point deduction confirmed this morning.

Carried over til next season if they would have gone down anyway?

Finger crossed. Does anyone know for sure though?

[TBM]

I think its only carried over IF it happened after March.......if you go into administration before the "deadline" then you avoid it

[TBM]

Also, was speaking with Stuart Bevan (Jrn) on Sunday as he was at our game against Abbey..........apparently the reason behind Weymouth's downfall is due to them paying some of their top players £2.5k PER WEEK in wages and they didn't have the finances to maintain it

[Tony Le Mesmer]

I think its only carried over IF it happened after March.......if you go into administration before the "deadline" then you avoid it

I thought the dealine was a date in March, just not sure when. We can only hope. If not, where is the punishment. Come on FL, bring the hammer down.

[Dirk Gently]

I think its only carried over IF it happened after March.......if you go into administration before the "deadline" then you avoid it

I thought the dealine was a date in March, just not sure when. We can only hope. If not, where is the punishment. Come on FL, bring the hammer down.

It's the 4th Thursday in March - the same date as transfer deadline day. But that's only in the FL - the PL rules leave themselves a lot more discretion.