Generic clubs in financial crisis Thread

[Sutekh]

Why oh why do football authorities keep stitching themselves up like this?

[Winston Biscuit]

https://josimarfootball.com/2024/10/07/777-partners-in-crime/

777 Partners has collapsed, leaving behind seven football clubs in a desperate financial position. With insurmountable debts, will anyone acquire any of these clubs?

The clubs are:

Genoa
Standard Liege
Vasco
Red Star Belgrade
Hertha Berlin
Sevilla
Melbourne Victory

To all intents and purposes, the multi-club ownership group through which 777 Partners held stakes in has ceased to exist as a going concern. Control of all of those clubs has been seized by New York-based investment firm A-CAP, 777 Partners’ prime backer, which has instructed investment bank Moelis & Co to look at the feasibility of selling each and every one of them

[Sutekh]

https://josimarfootball.com/2024/10/07/777-partners-in-crime/

777 Partners has collapsed, leaving behind seven football clubs in a desperate financial position. With insurmountable debts, will anyone acquire any of these clubs?

The clubs are:

Genoa
Standard Liege
Vasco
Red Star Belgrade
Hertha Berlin
Sevilla
Melbourne Victory

To all intents and purposes, the multi-club ownership group through which 777 Partners held stakes in has ceased to exist as a going concern. Control of all of those clubs has been seized by New York-based investment firm A-CAP, 777 Partners’ prime backer, which has instructed investment bank Moelis & Co to look at the feasibility of selling each and every one of them

Presume there's a few players there that'll be finding new homes in January.

[Winston Biscuit]

Inverness Caley Thistle go into administration and are docked 15 points.

Such a small league table that before this they were just 5 points off of top spot, now they are bottom and 12 points from safety

[Sutekh]

Inverness Caley Thistle go into administration and are docked 15 points.

Such a small league table that before this they were just 5 points off of top spot, now they are bottom and 12 points from safety

Well, guess that’ll save the other clubs from the automatic relegation spot.

[Dirk Gently]

Inverness Caley Thistle go into administration and are docked 15 points.

Such a small league table that before this they were just 5 points off of top spot, now they are bottom and 12 points from safety

Well, guess that’ll save the other clubs from the automatic relegation spot.

Except that Dumbarton have also gone into administration, so it's a race to avoid it between those two both deducted points.

Interestingly (*) Police Scotland are investigating potential fraud in the same of land to or from Dumbarton, and it seems there's a certain amount of doubt over who actually owns the club.

[Sutekh]

Inverness Caley Thistle go into administration and are docked 15 points.

Such a small league table that before this they were just 5 points off of top spot, now they are bottom and 12 points from safety

Well, guess that’ll save the other clubs from the automatic relegation spot.

Except that Dumbarton have also gone into administration, so it's a race to avoid it between those two both deducted points.

Interestingly (*) Police Scotland are investigating potential fraud in the same of land to or from Dumbarton, and it seems there's a certain amount of doubt over who actually owns the club.

Starting to make Reading seem quite well run.

[Snowflake Royal]

At least they've got administrators who'll actually try to sell the club.

[Brogue]

everton deal done

The Friedkin Group (TFG) finalised it's majority takeover in a deal which is believed to be worth in excess of £400m

[Winston Biscuit]

Inverness Caley Thistle go into administration and are docked 15 points.

Such a small league table that before this they were just 5 points off of top spot, now they are bottom and 12 points from safety

4 wins in the last 5 and now 8 points from safety. Putting up a real fight to avoid relegation. Since getting docked points they have had the 2nd best form in the division, behind leaders Arbroath

Would think it might be a little fun being an ICT fan this season if they keep this up!

[Winston Biscuit]

Only just learned that Barcelona are still paying wages to Messi even though he left in 2021

Due to their financial troubles and then covid, he agreed to defer some wages. As of summer 2023 they still owed him €50M and he is due to receive the last payment in summer 2025.

If he is receiving it like normal wages rather than a lump sum, then its the equivalent to getting €480,000 a week

[Sutekh]

Only just learned that Barcelona are still paying wages to Messi even though he left in 2021

Due to their financial troubles and then covid, he agreed to defer some wages. As of summer 2023 they still owed him €50M and he is due to receive the last payment in summer 2025.

If he is receiving it like normal wages rather than a lump sum, then its the equivalent to getting €480,000 a week

Are there actually any ffp rules in the domestic Spanish leagues?

[Stranded]

Only just learned that Barcelona are still paying wages to Messi even though he left in 2021

Due to their financial troubles and then covid, he agreed to defer some wages. As of summer 2023 they still owed him €50M and he is due to receive the last payment in summer 2025.

If he is receiving it like normal wages rather than a lump sum, then its the equivalent to getting €480,000 a week

Are there actually any ffp rules in the domestic Spanish leagues?

Yes and they are meant to be quite stict. It is the main reason why Barca keep selling off rights to things like Barca Studios and literally anything not nailed down to allow them to register players. For example, they were only allowed to register Dani Olmo until January despite signing him on a multi-year deal.

They need to raise funds to get inline with the FFP in Spain. At some point they will either start to need selling players or hope that La Liga chance their rules - which to be fair, if Barca or Real are in trouble they normally do.

[Orion1871]

Only just learned that Barcelona are still paying wages to Messi even though he left in 2021

Due to their financial troubles and then covid, he agreed to defer some wages. As of summer 2023 they still owed him €50M and he is due to receive the last payment in summer 2025.

If he is receiving it like normal wages rather than a lump sum, then its the equivalent to getting €480,000 a week

Are there actually any ffp rules in the domestic Spanish leagues?

Yes and they are meant to be quite stict. It is the main reason why Barca keep selling off rights to things like Barca Studios and literally anything not nailed down to allow them to register players. For example, they were only allowed to register Dani Olmo until January despite signing him on a multi-year deal.

They need to raise funds to get inline with the FFP in Spain. At some point they will either start to need selling players or hope that La Liga chance their rules - which to be fair, if Barca or Real are in trouble they normally do.

And it's just been announced that their bid to register him for the rest of the season has been rejected. Effectively leaving him a free agent and Barca still having effectively paid Leipzig €50m for a 6 month transfer.

[Orion1871]

Only just learned that Barcelona are still paying wages to Messi even though he left in 2021

Due to their financial troubles and then covid, he agreed to defer some wages. As of summer 2023 they still owed him €50M and he is due to receive the last payment in summer 2025.

If he is receiving it like normal wages rather than a lump sum, then its the equivalent to getting €480,000 a week

Are there actually any ffp rules in the domestic Spanish leagues?

Yes and they're much stricter than the PL ffp rules.

[Stranded]

Are there actually any ffp rules in the domestic Spanish leagues?

Yes and they are meant to be quite stict. It is the main reason why Barca keep selling off rights to things like Barca Studios and literally anything not nailed down to allow them to register players. For example, they were only allowed to register Dani Olmo until January despite signing him on a multi-year deal.

They need to raise funds to get inline with the FFP in Spain. At some point they will either start to need selling players or hope that La Liga chance their rules - which to be fair, if Barca or Real are in trouble they normally do.

And it's just been announced that their bid to register him for the rest of the season has been rejected. Effectively leaving him a free agent and Barca still having effectively paid Leipzig €50m for a 6 month transfer.

Just read that - essentially after a judge ruled against them they are going to a higher court on Monday to argue that the rules are invalid as they don't consider La Liga to be competent. Interesting take.

Also they have absolutely no problem using the rules to allow them to sign Martin Braithwaite outside of a transfer window even though it left Leganes being unable to sign a replacement. Hopefully, this will get nowhere.

I hate seeing clubs get in a mess but it does feel like those in charge of Barca decided a long time ago that they can do anything they like because they are Barca and the rules don't really apply.

[Winston Biscuit]

Only just learned that Barcelona are still paying wages to Messi even though he left in 2021

Due to their financial troubles and then covid, he agreed to defer some wages. As of summer 2023 they still owed him €50M and he is due to receive the last payment in summer 2025.

If he is receiving it like normal wages rather than a lump sum, then its the equivalent to getting €480,000 a week

Are there actually any ffp rules in the domestic Spanish leagues?

La Liga clubs are told what their squad salary cap is each season based on their own personal financial position

[From Despair To Where?]

Yes and they are meant to be quite stict. It is the main reason why Barca keep selling off rights to things like Barca Studios and literally anything not nailed down to allow them to register players. For example, they were only allowed to register Dani Olmo until January despite signing him on a multi-year deal.

They need to raise funds to get inline with the FFP in Spain. At some point they will either start to need selling players or hope that La Liga chance their rules - which to be fair, if Barca or Real are in trouble they normally do.

And it's just been announced that their bid to register him for the rest of the season has been rejected. Effectively leaving him a free agent and Barca still having effectively paid Leipzig €50m for a 6 month transfer.

Just read that - essentially after a judge ruled against them they are going to a higher court on Monday to argue that the rules are invalid as they don't consider La Liga to be competent. Interesting take.

Also they have absolutely no problem using the rules to allow them to sign Martin Braithwaite outside of a transfer window even though it left Leganes being unable to sign a replacement. Hopefully, this will get nowhere.

I hate seeing clubs get in a mess but it does feel like those in charge of Barca decided a long time ago that they can do anything they like because they are Barca and the rules don't really apply.

And then tried to shit on him when they hit FFP problems

[Orion1871]

Yes and they are meant to be quite stict. It is the main reason why Barca keep selling off rights to things like Barca Studios and literally anything not nailed down to allow them to register players. For example, they were only allowed to register Dani Olmo until January despite signing him on a multi-year deal.

They need to raise funds to get inline with the FFP in Spain. At some point they will either start to need selling players or hope that La Liga chance their rules - which to be fair, if Barca or Real are in trouble they normally do.

And it's just been announced that their bid to register him for the rest of the season has been rejected. Effectively leaving him a free agent and Barca still having effectively paid Leipzig €50m for a 6 month transfer.

Just read that - essentially after a judge ruled against them they are going to a higher court on Monday to argue that the rules are invalid as they don't consider La Liga to be competent. Interesting take.

Also they have absolutely no problem using the rules to allow them to sign Martin Braithwaite outside of a transfer window even though it left Leganes being unable to sign a replacement. Hopefully, this will get nowhere.

I hate seeing clubs get in a mess but it does feel like those in charge of Barca decided a long time ago that they can do anything they like because they are Barca and the rules don't really apply.

The higher court disagrees and rejects their appeal. They are now trying to sell VIP seats to some Arabs in order to raise the cash.

[Winston Biscuit]

And it's just been announced that their bid to register him for the rest of the season has been rejected. Effectively leaving him a free agent and Barca still having effectively paid Leipzig €50m for a 6 month transfer.

Just read that - essentially after a judge ruled against them they are going to a higher court on Monday to argue that the rules are invalid as they don't consider La Liga to be competent. Interesting take.

Also they have absolutely no problem using the rules to allow them to sign Martin Braithwaite outside of a transfer window even though it left Leganes being unable to sign a replacement. Hopefully, this will get nowhere.

I hate seeing clubs get in a mess but it does feel like those in charge of Barca decided a long time ago that they can do anything they like because they are Barca and the rules don't really apply.

The higher court disagrees and rejects their appeal. They are now trying to sell VIP seats to some Arabs in order to raise the cash.

It's a 20 season deal for all of their corporate boxes for €100M. Yet more levers pulled!