Generic clubs in financial crisis Thread

[Ian Royal]

The Conference Board need three quarters of member club backing votes to remove Chester from the competition, so far, four clubs have elected to keep them in, whilst many others still remain undecided.

23 out of the 24 from the BS Prem get to vote, whilst the BS South and BS North get 8 votes between them.

The Conference need 24 out of the 31 to vote in favour of Chesters expulsion.........maybe a lifeline still remains.



Whilst the players and directors flee, the fans remain

Surely keeping them going isn't helping the fans though. Keep them going the same people still own them. They have the same financial problems. From a lot of what's been posted it seems their fans WANT them expelled so they can start again.

[AthleticoSpizz]

not all at Chester would agree

besides...the decision is not theirs


A bloody shame, one that makes me even less sympathetic towards Pompeys plight

[Sun Tzu]

Officially bored of Pompey. Stockport, Cardiff and Southend are in similar situations, and no-one gives a shit.

Difficult call though between Pompey and Cardiff

Stockport and S-o-S have been bumbling along for years, but the spectacular mismangement at Cardiff deserves equal attention! (and the fact it involves another serial club wrecker in Ridsdale)

Ridsdale was on 5L yesterday saying that since he has been in charge they have built a new ground and reduced debt by something like £30 million with current problems caused becasue some additional investement had been delayed leading to cash flow issues which he expects to be solved in the next few weeks.

Sounded reasonably plausible but to be honest I haven;t followed their situation too closely !

[Ian Royal]

Ridsdale's been running the delayed investment line for weeks. That was his excuse for the fans money going on bills not new players...

Personally I think he's found an excuse he likes and is drawing it out as long as possible.

[bobbybottler]

Half decent news from Chester this week. The current incarnation is dead and will be kicked out of the Blue Square Premier soon. But Chester Council have indicated that they will support the formation of a new club and will allow it to play at the (council owned) Deva. Fans are now in the advanced stages of forming the new club.

If this comes to pass, at what level do they enter the pyramid?

[Sun Tzu]

Half decent news from Chester this week. The current incarnation is dead and will be kicked out of the Blue Square Premier soon. But Chester Council have indicated that they will support the formation of a new club and will allow it to play at the (council owned) Deva. Fans are now in the advanced stages of forming the new club.

If this comes to pass, at what level do they enter the pyramid?

7 presumably - can there be any other point of entry ?

[Rev Algenon Stickleback H]

A pretty damning statement from Portsmouth chief exec Peter Storrie in Today's Sunday Mirror.

He was talking about the massive overspending under Gaydamak, saying it was OK because he was bankrolling it. When he sold up the banks wanted the overdrafts paid.

His comment was that if it hadn't been for the banks wanting the overdraft repaid, Portsmouth would be in the mess they are in.


I'm sorry, but yes they would. It would have just blown up in a year or two's time, rather than now. You can't run a business saying that's it's OK to be insolvent as long as the banks don't ask to be repaid. They just can't see what the problem is. They might have saved themselves if they'd sold off players last month, but no - they spent the time moaning about not being allowed to sign anyone.

[Whore Jackie]

Half decent news from Chester this week. The current incarnation is dead and will be kicked out of the Blue Square Premier soon. But Chester Council have indicated that they will support the formation of a new club and will allow it to play at the (council owned) Deva. Fans are now in the advanced stages of forming the new club.

If this comes to pass, at what level do they enter the pyramid?

7 presumably - can there be any other point of entry ?

Not necessarily.

the FA's League's Committee would have to decide "the most appropriate place" for the new club to start. It turns out that they don't necessarily start at the very bottom, as a team with 18k supporters would swamp step 7 grounds..... so there's a suggestion that they'd start at Conference/Conf South level, so the gap left in Tier 2 would be filled by promoting one extra from the leagues between Conf/SConf South to make the gap there.

[Compo's Hat]

Chester as we know it might not be finished yet.

http://www.chesterfirst.co.uk/sport/853 ... ty-fc.aspx

STEPHEN VAUGHAN JUNIOR today revealed that a deal had been struck in a with a Danish consortium to save Chester City Football Club.

The Blues club owner, who attended a meeting in London last week where the Conference board recommended that Chester City be removed from the competition after pleading guilty to breaching five league rules, is hopeful that the crisis-hit club can earn a last gasp reprieve.

Vaughan said: "A deal has been done with a Denmark-based consortium, Chester projekt.dk, subject to legal issues being agreed.

"I was one of three people from Chester City who met members of the Conference board at a meeting in London on Friday where the club presented cash forecasts and funding projections in a bid to safeguard the club from being expelled from the league.

"The club admitted it had breached five rules including rule 8.6 which mentions expulsion, and the Conference board have now recommended that member clubs of the Conference Premier Division will vote to expel Chester City from the competition.

"The Vaughan family will today contact the Football Conference and inform them that we will defer full payment until June 2011 and ensure that full funding will be made available to pay all of our outstanding creditors, i.e. rent, revenue and all players wages and players arrears, and other football creditors.

"We will make an application to the Football Conference for them to reconsider their position so that we can fulfil the remainder of our fixtures."

Vaughan added: "In the meantime, the Vaughan family and Gary Metcalfe met a Denmark-based consortium at the Deva Stadium on Saturday to strike a deal for the sale of the football club.

"The deal entails a 100 per cent buy out of the Vaughan family's shareholding.

"The Danish consortium was headed by Palle Rasmussen who was representing a group known as Chester projekt.dk.

"We shook hands on a deal which is now the subject of legal issues, but I feel confident that the Danish consortium can now be the new owners of the football club subject to an agreed sale through our solicitors Brabners, and the Danes solicitors who will stage talks today.

"I feel a deal can be done between now and March 6th if the funds are put in place. They need to satisfy everyone that Chester City Football Club has a future.

"I now believe that Chester City Football Club does have a future and I hope the Football Conference and it's Premier Division clubs can save the club from expulsion and safeguard 125 years of history at the club."

The Danish consortium were introduced to the Vaughan family by former Chester City manager Mark Wright who now has his own public relations company.

Vaughan added: "Both Mark Wright and his former Liverpool team mate, Jan Molby, have both been involved in the sale of Chester City Football Club through Mark Wright's PR company, and we are now hoping the sale can go through."

[Royal Rother]

Chester projekt.dk

Made up name?

Maybe not. http://www.chesterprojekt.dk/

[Dirk Gently]

Half decent news from Chester this week. The current incarnation is dead and will be kicked out of the Blue Square Premier soon. But Chester Council have indicated that they will support the formation of a new club and will allow it to play at the (council owned) Deva. Fans are now in the advanced stages of forming the new club.

If this comes to pass, at what level do they enter the pyramid?

7 presumably - can there be any other point of entry ?

Yes - The FA's League's Committee will receommend that a club enter a leagu at the "most appropriate level" for them.

This doesn't just take into account playing standard - it also takes into account likely crowd size, too. So a club which will regularly attract crowds of several thousand which would cause safety issues at step 7 might be asked to enter at a higher level.

I know, I was surprised too, especially as AFCW did start in Combined Counties Southern (first match at Sandhurst Town in fact!) - but I heardit in a discussion that said an AFC Portsmouth would probably start in Conf National or Conf South.

[exileinleeds]

Al Fahim (sp) has resigned from the board of PFC and requested his remaining 10% shareholding be given to the supporters trust.

[Tony Le Mesmer]

The proposed AFC Chester have applied for the North West Counties League (Step 5)

[Row Z Royal]

Al Fahim (sp) has resigned from the board of PFC and requested his remaining 10% shareholding be given to the supporters trust.

Saddle the fans with 10% of the debts? Nice.

[exileinleeds]

Al Fahim (sp) has resigned from the board of PFC and requested his remaining 10% shareholding be given to the supporters trust.

Saddle the fans with 10% of the debts? Nice.

That was sort of my first thought. I get the impression if you shook hands with any of the pompey board, you had best check your fingers are still there.

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

especially as AFCW did start in Combined Counties Southern (first match at Sandhurst Town in fact!)

I remember that well - I was living in Sandhurst at the time and it was obvious that STFC and the council hadn't put any forethought into the matchday parking arrangements. A crowd of (IIRC) around the 3,000 mark (when the average gate was usually around the 150 mark) caused absolute chaos in Sandhurst

[Rev Algenon Stickleback H]

Yes - The FA's League's Committee will receommend that a club enter a leagu at the "most appropriate level" for them.

This doesn't just take into account playing standard - it also takes into account likely crowd size, too. So a club which will regularly attract crowds of several thousand which would cause safety issues at step 7 might be asked to enter at a higher level.

I know, I was surprised too, especially as AFCW did start in Combined Counties Southern (first match at Sandhurst Town in fact!) - but I heardit in a discussion that said an AFC Portsmouth would probably start in Conf National or Conf South.

I'm not sure that would be possible. I'm sure rules are in place regarding what happens if less clubs come down than expected, and typically each league relegates one less. Portmsouth couldn't just drop into the pyramid where they feel like it. They'd probably have to start at the Southern League South-West Division, which is the highest league clubs can feed into.

[Mr Angry]

With regard to Pompey, no-one seems to have posted this point, so I will.

To all those posters on here who are sad that pompey may go bust for their financial mismanagement, it is worth pointing this out to you all - maybe you then might understand why Ideal and others are keen for Pompey to get their just desserts....

All season, ever Reading fan has been saying the same thing - on here, in text messages and phone calls to BBCRB after games etc etc "WE NEED A PROVEN GOALSCORING STRIKER"

Well, if you remember back to August, we had one lined up; a proven championship quality striker for whom a bid of £2M was made and accepted. Then, at the last minute, we got gazzumped by a premiership club for the said striker, with no doubt a bigger signing on fee and higher wages playing a part in his decision.

As a result, we missed out on Tommy Smith.

He may well have been that 15 - 20 goal a season striker which we have lacked all season, and could have made the difference between us possibly pushing for a play-off spot as opposed to being down in a relegation dog-fight.

We now know that Pompey didn't have the cash to pay for the player, and are so in debt that they can't afford to pay their staff on time (no bets on whether the players and staff will get February's pay on time!!!), but, because they were trading illegally, Portsmouth Football Club have stuffed up our 2009/10 season, and if we get relegated, could stuff up RFC entirely.

Still feel sympathy for them??

I don't.

Let them go under and let their fate be a lesson to all the other clubs out there who want to behave in the same fashion.

[Silver Fox]

MR A, bringing knowledge as usual





Although I thought we missed out on Smith because BR was big headed?

[Barry the bird boggler]

And I hate them for that debateable line up and performance they gave v Fulham 2 years ago.