Generic clubs in financial crisis Thread

[handbags_harris]

Dirk, please see my post on page 14 - specific question to you.

[Dirk Gently]

Dirk, please see my post on page 14 - specific question to you.

Sorry - missed that. It's a real fudge - nothing specific is stated see rule 53 below ....

50. A Club shall forthwith give written notice to the Board upon the happening of any of the events referred to in Rule C.49. [which are all the definitions of insolvency]

51. At the discretion of the Board exercised in accordance with Rule C.57, a suspension may take effect from the giving of the notice or it may be postponed subject to:
51.1 a condition that while the suspension is postponed the Club may not apply to register or have transferred to it the registration of any Player; and
51.2 such other conditions as the Board may from time to time during the postponement of the suspension think fit to impose.

52. Unless a suspension is postponed, a suspended Club shall not play in:
52.1 any League Match; or
52.2 any Premier Academy League Match; or
52.3 any Premier Reserve League Match; or
52.4 any of the competitions set out in Rules E.10 and E.11; or
52.5 any other match.

53. For the purposes of the League competition, the Board shall have power to determine how the cancellation of a League Match caused by the suspension of one of the Clubs which should have participated in it shall be treated.

BTW, this rulebook is a year or two old, but I don't think there are major changes since then.

[Royal With Cheese]

http://www.skysports.com/story/0,19528,11095_5873770,00.html

Danny Webber has ruled out a loan move away from Portsmouth in January and insists he is happy on the South Coast.

The Pompey striker has made just three starts this term, all coming in the Carling Cup, since signing on a free transfer in the summer.

The former Sheffield United frontman has come off the bench six times in the Premier League but is still to find the back of the net in the top flight.

The 28-year-old admitted that he was desperate to play first-team football but was confident he could secure that at Fratton Park under Avram Grant.

"I've never really thought about moving away, but I am really enjoying my time here and it is just a case of getting minutes on the board now," he told skysports.com.

"I'm happy at Portsmouth with the challenge in front of me, so I don't think that a loan would help a great deal.

"I'm being paid squillions by these mugs and I'm staying until the gravy train crashes"

Confident in the knowledge that the football creditors rule means that when they go tits up he'll get 100% of the money he's due, whilst the bloke down the road who supplies the pies or prints the programmes will probably get something like 2p in the pound.

This is without doubt the most odious rule currently standing. This should be capped for major creditors (players) to a maximum of 50% of their over inflated wages past a certain figure (say £10,000 a week) - but that's clearly not going to happen.

[Dirk Gently]

Confident in the knowledge that the football creditors rule means that when they go tits up he'll get 100% of the money he's due, whilst the bloke down the road who supplies the pies or prints the programmes will probably get something like 2p in the pound.

This is without doubt the most odious rule currently standing. This should be capped for major creditors (players) to a maximum of 50% of their over inflated wages past a certain figure (say £10,000 a week) - but that's clearly not going to happen.

Yes, when you look at it like that.

But thw whole of football operates on credit, and take that away and the game would collapse. No clubs would play at Portsmouth, Stockport, Palace, Watford and many others for fear of not getting their share of the gate, and no transfers with add-ons would ever happen.

Maybe your idea of capping wages might work, but the PFA would fight it tooth and nail, that's for sure. And players would refuse to sign unless they had special deals worked out.

[Royal With Cheese]

Confident in the knowledge that the football creditors rule means that when they go tits up he'll get 100% of the money he's due, whilst the bloke down the road who supplies the pies or prints the programmes will probably get something like 2p in the pound.

This is without doubt the most odious rule currently standing. This should be capped for major creditors (players) to a maximum of 50% of their over inflated wages past a certain figure (say £10,000 a week) - but that's clearly not going to happen.

Yes, when you look at it like that.

But thw whole of football operates on credit, and take that away and the game would collapse. No clubs would play at Portsmouth, Stockport, Palace, Watford and many others for fear of not getting their share of the gate, and no transfers with add-ons would ever happen.

Maybe your idea of capping wages might work, but the PFA would fight it tooth and nail, that's for sure. And players would refuse to sign unless they had special deals worked out.

Sorry, it wasn't a wage cap. It would be a creditors agreement. Also I thought, bar the cup competitions, that home teams kept their gate receipts entirely?

Anyway, as ideas go it sucks for the reasons you've outlined.

[Dirk Gently]

Yep, it was the cups I was talking about. But football does operate so much on credit that it'd need wholesale changes before something like this could happen, and 98% of people in the game work on the basis "that's the way we've always done it around here so we'll carry on like that."

[Royal With Cheese]

Yep, it was the cups I was talking about. But football does operate so much on credit that it'd need wholesale changes before something like this could happen, and 98% of people in the game work on the basis "that's the way we've always done it around here so we'll carry on like that."

That sounds a bit like the banking system in 2008.

[Dirk Gently]

Yep, it was the cups I was talking about. But football does operate so much on credit that it'd need wholesale changes before something like this could happen, and 98% of people in the game work on the basis "that's the way we've always done it around here so we'll carry on like that."

That sounds a bit like the banking system in 2008.

Spot on. Same levels of confidence and complacency, same lack of governance, same feeling of invincibility.

[Ian Royal]

roll on same result. Without the tax payers contributions of course.

[TFF]

This is getting interesting

The Premier League is refusing to lift Portsmouth's player registration embargo until it is provided with legal documents confirming the club's claim that payments for Sulley Muntari's move from Udinese in 2007 have been rescheduled.

but now

Portsmouth's precarious financial position faces a further challenge after Udinese lodged a formal complaint with the Court of Arbitration for Sport to try to retrieve up to £4 million in outstanding fees they are owed for the transfer of Sulley Muntari.

I really think they won't make the end of the season.

[handbags_harris]

50. A Club shall forthwith give written notice to the Board upon the happening of any of the events referred to in Rule C.49. [which are all the definitions of insolvency]

51. At the discretion of the Board exercised in accordance with Rule C.57, a suspension may take effect from the giving of the notice or it may be postponed subject to:
51.1 a condition that while the suspension is postponed the Club may not apply to register or have transferred to it the registration of any Player; and
51.2 such other conditions as the Board may from time to time during the postponement of the suspension think fit to impose.

52. Unless a suspension is postponed, a suspended Club shall not play in:
52.1 any League Match; or
52.2 any Premier Academy League Match; or
52.3 any Premier Reserve League Match; or
52.4 any of the competitions set out in Rules E.10 and E.11; or
52.5 any other match.

53. For the purposes of the League competition, the Board shall have power to determine how the cancellation of a League Match caused by the suspension of one of the Clubs which should have participated in it shall be treated.

BTW, this rulebook is a year or two old, but I don't think there are major changes since then.

Right, so basically the Premier League determines what happens to the fixtures played, which leaves the arrangement as it now stands open to systematic abuse. Fantastic...

[soggy biscuit]

If Pompey were to be scrapped in a few weeks I assume any points gained from beating or drawing with them would be taken away.

I would LOL out loud if it made a big difference to relegation or CL spots.

[TBM]

English Premier Portsmouth 0-1 Fulham 15-08-2009
English Premier Birmingham 1-0 Portsmouth 19-08-2009
English Premier Arsenal 4-1 Portsmouth 22-08-2009
English Premier Portsmouth 0-1 Man City 30-08-2009
English Premier Portsmouth 2-3 Bolton 12-09-2009
English Premier Aston Villa 2-0 Portsmouth 19-09-2009
English Premier Portsmouth 0-1 Everton 26-09-2009
English Premier Wolves 0-1 Portsmouth 03-10-2009
English Premier Portsmouth 1-2 Tottenham 17-10-2009
English Premier Hull 0-0 Portsmouth 24-10-2009
English Premier Portsmouth 4-0 Wigan 31-10-2009
English Premier Blackburn 3-1 Portsmouth 07-11-2009
English Premier Stoke 1-0 Portsmouth 22-11-2009
English Premier Portsmouth 1-4 Man Utd 28-11-2009
English Premier Portsmouth 2-0 Burnley 05-12-2009
English Premier Sunderland 1-1 Portsmouth 12-12-2009
English Premier Chelsea 2-1 Portsmouth 16-12-2009
English Premier Portsmouth 2-0 Liverpool 19-12-2009
English Premier West Ham 2-0 Portsmouth 26-12-2009
English Premier Portsmouth 1-4 Arsenal 30-12-2009

[Baines]

If Pompey were to be scrapped in a few weeks I assume any points gained from beating or drawing with them would be taken away.

I would LOL out loud if it made a big difference to relegation or CL spots.

More importantly, how's it going to affect fantasy league points

[Wax Jacket]

what about people who won the Pools on 12th dec

[Silver Fox]

Seen as 'arry must be at least partly to blame for the state Pompey in, it will be bitter irony that a wiping of their results will see Liverpool overhaul Spurs

[soggy biscuit]

If it happened today West Ham would go from 5th from bottom down to 2nd from bottom. LOLz.

They would probably just try and sue Shef Utd over it.

[soggy biscuit]

Arsenal would drop to 3rd, Liverpool would move up to 4th.

[Comfortably Numb]

This is getting interesting

The Premier League is refusing to lift Portsmouth's player registration embargo until it is provided with legal documents confirming the club's claim that payments for Sulley Muntari's move from Udinese in 2007 have been rescheduled.

but now

Portsmouth's precarious financial position faces a further challenge after Udinese lodged a formal complaint with the Court of Arbitration for Sport to try to retrieve up to £4 million in outstanding fees they are owed for the transfer of Sulley Muntari.

I really think they won't make the end of the season.

this fills me with a warm goey feelin' inside

[Wax Jacket]

Seen as 'arry must be at least partly to blame for the state Pompey in, it will be bitter irony that a wiping of their results will see Liverpool overhaul Spurs

in no way am I pro-LFc but that would be sweet