Elm Park KidblythspartanElm Park Kid There are good commercial reasons (beyond Chinese culture) why the club might have kept quiet. For one, how many of these new signings would have put their name on dotted line if they'd known exactly what trouble we're in? Would the EFL have lifted our embargo? Maybe admitting that we're in a situation where we're guaranteed to not be able to pay bills would just exacerbate things?
Look, I've got no time for people that want to put their heads in the sand. We got relegated to the third tier exclusively due to financial mismanagement and poor ownership of the club. We just lost out on arguably the best manager we could hope to get in the league and our efforts to rebuild for next season have been impacted. We've not paid our staff on time in the past and I heard today that (allegedly) Dai is refusing an EFL demand to put money in a pot to pay future wages. We've missed multiple tax bills and have winding up orders. There's no bedwetting here, no panicking or over-reacting, it's perfectly reason to say that our owners are now a fundamental liability and have lost all right to expect our support. Whether you think protest is a waste of time or not is fair enough, people can do what they want.
Hopefully the owners will get the investment they need soon and these financial issues can be resolved (you really don't need a lot of money in League One to stay out of trouble and it's not like we'd tied down with huge wages or external debts). But, personally, i'm now 'Dai out' regardless.
This is a good post.
Is there a chance that we won’t be able to prove to the EFL that we have enough funds to complete next season?
I was told not to worry this morning, but recent developments are not helping.
No, that's not really a thing. We would probably have to go like a month without fulfilling a fixture before they would take that step, and there's no immediate risk of that. It's not like we have landlords who will lock us out of the stadium if we don't pay the rent, we are still paying the players, the EFL will assume that the worst that can happen is we go into administration and are sold. I honestly don't think anyone needs to worry about the existence of the club - we're too big and appealing, with too little external debt. Someone will buy us.
I mean - people say 'don't worry', but we're basically as bad as things can realistically get. Not even able to make free signings in League One at the moment, let alone pay a fee, winding up orders etc.
Nothing to see here. The smart arses don’t think there’s a problem.
