Generic clubs in financial crisis Thread

[Mr Optimist]

Yes...but that was when they went from Championship to League 1 - relegation between football league. I think the grey area (which I am sure someone will know, Dirk?!) is whether the penalty rules apply between Prem and Football League...

Chances are as the Prem seems to make their rules up as they go along that Hull would get away with it and the "loophole" closed afterwards!!

[CMRoyal]

Yes...but that was when they went from Championship to League 1 - relegation between football league. I think the grey area (which I am sure someone will know, Dirk?!) is whether the penalty rules apply between Prem and Football League...

Chances are as the Prem seems to make their rules up as they go along that Hull would get away with it and the "loophole" closed afterwards!!

This is my suspicion. My source (and he's usually reliable) seemed to be quite precise about it - hinting that they'd take the penalty when they are all but down (although not mathematically) rather than start next season in the championship with a ten-point disadvantage. He could be wrong or I might have misinterpreted but I can't get an explicit answer out of him!

[TFF]

Don't worry. They would have to accept the League's rule, and points deduction, in order to be admitted to the competition.

[CMRoyal]

Thanks guys. Impressive level of knowledge displayed as ever.

[bobbybottler]

Interesting article in WSC this month alluding to this very thing. How the increase in these parachute payments is the PL's way of trying to unbalance the competiveness of the CCC.

The article went the wrong way for me though - indicating that the attempt to unbalance the competitiveness of the Championship was to reflect better on the perceived competitiveness of the PL. I thought this was a mistaken belief and unnecessarily conspiritorial, it really is all about a further softening of blows to the bottom tier of PL clubs when the inevitable relegation comes along.

IMO.

[Barry the bird boggler]

If only the FA/FL had had the guts to stand up to the big clubs and say no to the Premier League and that if they didn't like it they could just go and play somewhere else without affiliation to the FA (and therefore no access to international competitions at club or country level).

[rhroyal]

Increasing parachute payments thinks about the Premier League and nothing else. You can understand why they've done it; promoted sides, and indeed all lower sides, will have more security and hence more resources, making them more competitive. Equally relegated sides will be in a better position to build and come back stronger. The Premiership will be more competitive, just look how hard it is for promoted sides to survive and make an impact now.

Unfortunately it disregards everybody else. Fairytale stories such as Wimbledon, Wigan and even ourselves are becoming forever tougher and the pecking order will not be changed easily. The top 6 or so sides in the Championship will be streets ahead of the rest if managed effectively, it makes it harder for all the rest. It's very disrespectful and will damage the lower division. We need to face reality. They don't really care about that. It's the Premier League that makes £££££ and therefore makes the decisions. The more the PL money increases, the more we need to get used to their crap and willingness to destroy all other competitions to improve "the best league in the world". Things like this will keep on happening.

I can see why so many people look back with nostalgia at the 90s. I wish I was into football then to appreciate the honest sport it was.

[bobbybottler]

I'm not sure it's ever been an honest sport tbf. Sh1t like this went on during the 1990s as well.

[Stranded]

Interesting article in WSC this month alluding to this very thing. How the increase in these parachute payments is the PL's way of trying to unbalance the competiveness of the CCC.

The article went the wrong way for me though - indicating that the attempt to unbalance the competitiveness of the Championship was to reflect better on the perceived competitiveness of the PL. I thought this was a mistaken belief and unnecessarily conspiritorial, it really is all about a further softening of blows to the bottom tier of PL clubs when the inevitable relegation comes along.

IMO.

To an extent yeah, but I read it as these payments would help ensure that a relatively closed shop of clubs would always be bouncing between the two divisions but will be stronger when in the PL making it more competitive.

[soggy biscuit]

Fairytale stories such as Wimbledon, Wigan and even ourselves are becoming forever tougher

Wigan?? Have to admit that I have never seen them as a fairytale story. didn't they spend fairly large sums of money to get promoted?

[SpaceCruiser]

Fairytale stories such as Wimbledon, Wigan and even ourselves are becoming forever tougher

Wigan?? Have to admit that I have never seen them as a fairytale story. didn't they spend fairly large sums of money to get promoted?

Yes, even though their fanbase is tiny.

[TFF]

I've heard tell that if Hull lose on Saturday they will go into administration, blaming their ousted chairman for their financial troubles.

It's in the media now.

http://news.bbc.co.uk/sport1/hi/footbal ... 636306.stm

Hull chairman Adam Pearson has reopened a row with his predecessor Paul Duffen and admitted his fears for the future of the financially troubled club.

The Tigers edged closer to relegation from the Premier League after Wednesday's 2-0 loss to Aston Villa.

Pearson accused Duffen of overspending and creating a "doomsday scenario".

"Of course the future is very tricky, it's bound to be when you consider the figures. The club desperately needs to stay in this league," said Pearson.

The club and Duffen settled a row over the club's finances out of court in February "to bring an end to all disputes between the parties".

But with Hull facing the prospect of dropping out of the top flight, Pearson again attacked Duffen's record while at the club in his programme notes ahead of the game against Villa.

"The club under Mr Duffen spent money it didn't have," added Pearson. "The prospect of relegation should not need to be the doomsday scenario that everyone currently discusses and worries about.

"The financial planning just needed a bit of basic strategy and common sense applying to it back in summer 2008 and even more so when the team survived on the last day of the season in 2009.

"In my personal opinion the decisions made by Mr Duffen at that point were extremely short-sighted."

I would guess that Burnley have handled the finances more like we did, and they'll lose some of their marketable players in the summer should they come down, but Hull (and West Ham if it's them - please God let it be them) look fcuked.

If Cardiff don't go up via the play off we could see four or five teams start the next Championship season with negative points.

[Uke]

I've heard tell that if Hull lose on Saturday they will go into administration, blaming their ousted chairman for their financial troubles.

It's in the media now.

http://news.bbc.co.uk/sport1/hi/footbal ... 636306.stm

Hull chairman Adam Pearson has reopened a row with his predecessor Paul Duffen and admitted his fears for the future of the financially troubled club.

The Tigers edged closer to relegation from the Premier League after Wednesday's 2-0 loss to Aston Villa.

Pearson accused Duffen of overspending and creating a "doomsday scenario".

"Of course the future is very tricky, it's bound to be when you consider the figures. The club desperately needs to stay in this league," said Pearson.

The club and Duffen settled a row over the club's finances out of court in February "to bring an end to all disputes between the parties".

But with Hull facing the prospect of dropping out of the top flight, Pearson again attacked Duffen's record while at the club in his programme notes ahead of the game against Villa.

"The club under Mr Duffen spent money it didn't have," added Pearson. "The prospect of relegation should not need to be the doomsday scenario that everyone currently discusses and worries about.

"The financial planning just needed a bit of basic strategy and common sense applying to it back in summer 2008 and even more so when the team survived on the last day of the season in 2009.

"In my personal opinion the decisions made by Mr Duffen at that point were extremely short-sighted."

I would guess that Burnley have handled the finances more like we did, and they'll lose some of their marketable players in the summer should they come down, but Hull (and West Ham if it's them - please God let it be them) look fcuked.

If Cardiff don't go up via the play off we could see four or five teams start the next Championship season with negative points.

They'll get 5 million if they sell off Shunt

[Messiah]

Is he worth that?

[Uke]

Yup, they could spend 2 million of it on Darius Henderson too

[Row Z Royal]

Is he worth that?

If someone pays it he is.

[Barry the bird boggler]

£5m for Hunt that's the premiership version of £500k for Andy Hughes

[Row Z Royal]

:lol: £500k for Hunt that's the premiership version of £500k for Andy Hughes

Corrected for you.

[Wax Jacket]

lol nice work Razor

[Nick Shorey my Lord!]

http://www.telegraph.co.uk/finance/news ... opers.html

The state-backed bank would attract significant public criticism if it sold the ground to a developer because it would risk the future of the football club. However, a consortium of fans seeking to buy Selhurst Park are offering less than the administrator's valuation.

As a result, Lloyds risks costing its shareholders – largely taxpayers, who own 41pc of the bank – money if it agrees to their approach.

Lloyds is the major creditor to Selhurst Park with £12m of debt outstanding from its funding of Paul Kemsley's acquisition of the ground. The entrepreneur's empire collapsed last year, taking the ground into administration. Crystal Palace rented Selhurst Park from Mr Kemsley.

CPFC 2010, the consortium of fans trying to buy the football club, has indicated it will pay around £3m to buy Selhurst Park out of administration, according to sources close to the situation. However, the administrators, PricewaterhouseCoopers, believe the ground is worth £6m and four other parties are in the running to acquire it.

Among those parties are believed to be property developers who are open to changing the use of Selhurst Park and increasing its value. Sainsbury's, the supermarket, has a store next to the ground at present but is thought to be seeking a larger 70,000 sq ft outlet in the area. Sources believe that informal talks have been held between some of the bidders for Selhurst Park and the retailer.

The developers involved in the race for Selhurst Park are thought to be financially strong enough to fund a bid, planning applications and an appeal if necessary.

Sources believe senior figures at Lloyds have become involved in the Selhurst Park process, anxious the bank's reputation among investors and the public could be damaged further if the issue is not handled correctly.

Lloyds is keen not to make an "emotional decision". It is, however, believed to be willing to consider the lower offer if it leads to the survival of the club.

CPFC 2010 is led by Steve Parish, chief executive of Tag Worldwide, a design agency.