Generic clubs in financial crisis Thread

5580 posts
User avatar
One87One
Member
Posts: 391
Joined: 28 Nov 2016 12:04
Location: The Fields of Norfolk Road

Re: Generic clubs in financial crisis Thread

by One87One » 01 Jun 2020 16:09

Macclesfield Town have been charged by the EFL on three counts:

- Late payment of March wages
- Failing to act with utmost good faith in respect of EFL matters
- Breaching order, requirement, direction or instruction of the League

Independent panel to take next steps.

User avatar
Sutekh
Hob Nob Super-Addict
Posts: 18388
Joined: 12 Feb 2014 14:05
Location: Undiscovered pyramid somewhere in Egypt

Re: Generic clubs in financial crisis Thread

by Sutekh » 03 Jun 2020 13:35

One87One Macclesfield Town have been charged by the EFL on three counts:

- Late payment of March wages
- Failing to act with utmost good faith in respect of EFL matters
- Breaching order, requirement, direction or instruction of the League

Independent panel to take next steps.


Methinks Stevenage will be safe from relegation this season.

Stranded
Hob Nob Subscriber
Hob Nob Subscriber
Posts: 19587
Joined: 14 Apr 2004 12:42
Location: Propping up the bar in the Nags

Re: Generic clubs in financial crisis Thread

by Stranded » 03 Jun 2020 13:55

Sutekh
One87One Macclesfield Town have been charged by the EFL on three counts:

- Late payment of March wages
- Failing to act with utmost good faith in respect of EFL matters
- Breaching order, requirement, direction or instruction of the League

Independent panel to take next steps.


Methinks Stevenage will be safe from relegation this season.


Think the will be regardless of whatever happens to Macclesfield - only way someone gets relegated is if they are kicked out IMO.

User avatar
Brum Royal
Hob Nob Regular
Posts: 3561
Joined: 12 Sep 2013 09:06
Location: Birmingham

Re: Generic clubs in financial crisis Thread

by Brum Royal » 01 Jul 2020 12:34

Wigan going into administration.

User avatar
Silver Fox
Hob Nob Legend
Posts: 25702
Joined: 15 Apr 2004 10:02
Location: From the Andes to the indies in my undies

Re: Generic clubs in financial crisis Thread

by Silver Fox » 01 Jul 2020 12:46

Desperate times I guess as that pretty much ensures their relegation


User avatar
6ft Kerplunk
Hob Nob Super-Addict
Posts: 13799
Joined: 14 Apr 2004 10:09
Location: Shoegazing Sheißhaus

Re: Generic clubs in financial crisis Thread

by 6ft Kerplunk » 01 Jul 2020 14:20

They got taken over a month or so ago didn't they? Guess the EFL had put the fit and proper owner tester on furlough.

User avatar
Winston Biscuit
Hob Nob Legend
Posts: 33243
Joined: 05 May 2017 07:32
Location: HNA Thought Leader & Influencer

Re: Generic clubs in financial crisis Thread

by Winston Biscuit » 01 Jul 2020 16:55

Silver Fox Desperate times I guess as that pretty much ensures their relegation


They have a very tough job on their hands but it's by no means certain they will go down.

This points deduction puts them 4 points below 4th from bottom but with a much better GD than anyone else down there. They have won 6 of their last 7 games without conceding a goal and of their 6 remaining games 3 are against teams also fighting relegation.

It's a shame for them that they have Brentford next as that good run, and their positive momentum, is likely to be ended there.

User avatar
Sutekh
Hob Nob Super-Addict
Posts: 18388
Joined: 12 Feb 2014 14:05
Location: Undiscovered pyramid somewhere in Egypt

Re: Generic clubs in financial crisis Thread

by Sutekh » 01 Jul 2020 19:54

Winston Biscuit
Silver Fox Desperate times I guess as that pretty much ensures their relegation


They have a very tough job on their hands but it's by no means certain they will go down.

This points deduction puts them 4 points below 4th from bottom but with a much better GD than anyone else down there. They have won 6 of their last 7 games without conceding a goal and of their 6 remaining games 3 are against teams also fighting relegation.

It's a shame for them that they have Brentford next as that good run, and their positive momentum, is likely to be ended there.


They will lose the points this season if they finish above 22nd. Therefore they are technically currently 4 points away from safety given they are 8 points ahead of Hull (currently 22nd).

User avatar
Winston Biscuit
Hob Nob Legend
Posts: 33243
Joined: 05 May 2017 07:32
Location: HNA Thought Leader & Influencer

Re: Generic clubs in financial crisis Thread

by Winston Biscuit » 01 Jul 2020 20:54

Sutekh
Winston Biscuit
Silver Fox Desperate times I guess as that pretty much ensures their relegation


They have a very tough job on their hands but it's by no means certain they will go down.

This points deduction puts them 4 points below 4th from bottom but with a much better GD than anyone else down there. They have won 6 of their last 7 games without conceding a goal and of their 6 remaining games 3 are against teams also fighting relegation.

It's a shame for them that they have Brentford next as that good run, and their positive momentum, is likely to be ended there.


They will lose the points this season if they finish above 22nd. Therefore they are technically currently 4 points away from safety given they are 8 points ahead of Hull (currently 22nd).


I think we are agreeing with each other, unless I misunderstand summat


User avatar
Snowflake Royal
Hob Nob Legend
Posts: 39404
Joined: 20 Jun 2017 17:51

Re: Generic clubs in financial crisis Thread

by Snowflake Royal » 03 Jul 2020 11:15

6ft Kerplunk They got taken over a month or so ago didn't they? Guess the EFL had put the fit and proper owner tester on furlough.

Seems to be a suggestion of shady goings on with dodgy relegation bets...

Worth remembering that all the test does is basically look for unspent criminal convictions and require proof of funds.

User avatar
dizzynewheights
Hob Nob Regular
Posts: 3405
Joined: 09 Aug 2012 11:04
Location: Waitin at a red light, Kentucky Fried Chicken in, Low End Theory tape in, bass crazy kicking in

Re: Generic clubs in financial crisis Thread

by dizzynewheights » 03 Jul 2020 15:28


User avatar
Sutekh
Hob Nob Super-Addict
Posts: 18388
Joined: 12 Feb 2014 14:05
Location: Undiscovered pyramid somewhere in Egypt

Re: Generic clubs in financial crisis Thread

by Sutekh » 04 Jul 2020 16:33

If Villa and Bournemouth get relegated are they likely to have FFP problems thrown at them by the FL for overspending to get promoted?

User avatar
Franchise FC
Hob Nob Super-Addict
Posts: 10855
Joined: 22 May 2007 16:24
Location: Relocated to LA

Re: Generic clubs in financial crisis Thread

by Franchise FC » 04 Jul 2020 17:33

Sutekh If Villa and Bournemouth get relegated are they likely to have FFP problems thrown at them by the FL for overspending to get promoted?

Like QPR did ?


Sanguine
Hob Nob Legend
Posts: 24791
Joined: 27 Feb 2013 14:36

Re: Generic clubs in financial crisis Thread

by Sanguine » 29 Jul 2020 09:22

https://www.theguardian.com/football/20 ... s-judgment

CAS reveals the reasons for its lifting of sanctions on City, and doesn't vindicate the club's position at all. In essence, CAS found that UEFA was right to conclude that 'sponsorship' payments made in 2012/13 were in fact equity monies from Etihad, but that UEFA had broken their own rules in prosecuting these as they were time-barred (five years) - UEFA tried to get around this by badging the irregularities as having taken place in 2014. The additional twist of course is that these only came to light through leaked emails in 2018.

In short - City cheated, but UEFA's own rules barred them from punishing the club.
Seems to me a simple tweak to rules would be to remove any time bar whatsoever.

User avatar
Sutekh
Hob Nob Super-Addict
Posts: 18388
Joined: 12 Feb 2014 14:05
Location: Undiscovered pyramid somewhere in Egypt

Re: Generic clubs in financial crisis Thread

by Sutekh » 29 Jul 2020 13:30

Sanguine https://www.theguardian.com/football/2020/jul/28/verdict-that-kept-manchester-city-in-europe-delivers-some-glancing-blows-cas-judgment

CAS reveals the reasons for its lifting of sanctions on City, and doesn't vindicate the club's position at all. In essence, CAS found that UEFA was right to conclude that 'sponsorship' payments made in 2012/13 were in fact equity monies from Etihad, but that UEFA had broken their own rules in prosecuting these as they were time-barred (five years) - UEFA tried to get around this by badging the irregularities as having taken place in 2014. The additional twist of course is that these only came to light through leaked emails in 2018.

In short - City cheated, but UEFA's own rules barred them from punishing the club.
Seems to me a simple tweak to rules would be to remove any time bar whatsoever.


Quality work from UEFA there then, what took them so long to charge City and if it takes 5+ years to unravel the various strands of a club’s finance what exactly is the point in putting a limit on it in the first place?

The other question is, could UEFA remove the time bar and then charge City again?

User avatar
Franchise FC
Hob Nob Super-Addict
Posts: 10855
Joined: 22 May 2007 16:24
Location: Relocated to LA

Re: Generic clubs in financial crisis Thread

by Franchise FC » 29 Jul 2020 13:34

Sutekh
Sanguine https://www.theguardian.com/football/2020/jul/28/verdict-that-kept-manchester-city-in-europe-delivers-some-glancing-blows-cas-judgment

CAS reveals the reasons for its lifting of sanctions on City, and doesn't vindicate the club's position at all. In essence, CAS found that UEFA was right to conclude that 'sponsorship' payments made in 2012/13 were in fact equity monies from Etihad, but that UEFA had broken their own rules in prosecuting these as they were time-barred (five years) - UEFA tried to get around this by badging the irregularities as having taken place in 2014. The additional twist of course is that these only came to light through leaked emails in 2018.

In short - City cheated, but UEFA's own rules barred them from punishing the club.
Seems to me a simple tweak to rules would be to remove any time bar whatsoever.


Quality work from UEFA there then, what took them so long to charge City and if it takes 5+ years to unravel the various strands of a club’s finance what exactly is the point in putting a limit on it in the first place?

The other question is could UEFA remove the time bar and then charge City again?


Good luck taking a backdated rule through the courts.
Would be thrown out.

Still think this case is going to end up being the FFP version of Bosman
Why should a company be prevented from investing whatever it wants in it's product ? Trying to prevent that would clearly be a restraint of trade in any 'normal' business sector

User avatar
Hendo
Hob Nob Legend
Posts: 21034
Joined: 25 Mar 2012 20:53
Location: Lambs to the cosmic slaughter

Re: Generic clubs in financial crisis Thread

by Hendo » 30 Jul 2020 08:47

Things could go from bad to worse for Bournemouth after relegation. :shock:


Old Man Andrews

Re: Generic clubs in financial crisis Thread

by Old Man Andrews » 30 Jul 2020 09:16

Excellent news, fully deserved. They overspent to get there, spent ridiculous money on dross like Jordan Ibe and Solanke when they were and didn't tie down their most valuable assets to deals that meant the club can ensure their financial security.

Fcuk Bournemouth.

Simmops
Hob Nob Super-Addict
Posts: 14669
Joined: 04 Sep 2019 09:39

Re: Generic clubs in financial crisis Thread

by Simmops » 30 Jul 2020 10:21

Nah i disagree. I like Bournemouth. Unsure why the beef is so strong with them tbh.

User avatar
genome
Hob Nob Legend
Posts: 25180
Joined: 08 Jul 2012 13:29
Location: Universe

Re: Generic clubs in financial crisis Thread

by genome » 30 Jul 2020 10:24

It might stem from the media/everyone praising them for getting to the Premier League on a shoestring which is the biggest myth in football

Other than that, I quite like them as a club and I also like Eddie Howe.

5580 posts

Who is online

Users browsing this forum: Google Adsense [Bot], Orion1871 and 181 guests

It is currently 29 Mar 2024 10:29