Generic clubs in financial crisis Thread

[Winston Biscuit]

Seems Newcastle kept quiet that last June they sold their stadium to themselves for £172M, helping them avoid breaking PSR.

[Sutekh]

Seems Newcastle kept quiet that last June they sold their stadium to themselves for £172M, helping them avoid breaking PSR.

Really don’t get how effectively selling things to yourself is still all lovely and above board, something should have been done to curtail this activity as soon as it started to be a thing.

[Winston Biscuit]

Seems Newcastle kept quiet that last June they sold their stadium to themselves for £172M, helping them avoid breaking PSR.

Really don’t get how effectively selling things to yourself is still all lovely and above board, something should have been done to curtail this activity as soon as it started to be a thing.

It's crazy. so as to be able to afford to sign Nick Woltemade and Yohann Wissa, they have transferred their stadium and surrounding land into a separate company which is owned by the Saudi royal family. I would be somewhat concerned if I was a Newcastle fan.

[Winston Biscuit]

Chelsea announce a pre tax loss of £262M for the 24/25 season

[Winston Biscuit]

Chelsea have spent £272M on agents fees in the past 4 seasons

[Winston Biscuit]

[From Despair To Where?]

Oh I so want Leeds to shit the bed again.

[6ft Kerplunk]

Oh I so want Leeds to shit the bed again.

Preferably when they've just started redeveloping Elland Road so they have to play in a building site for a few years.
Torn on this as its better for the city if they're doing well but the club and a sizeable majority of its supporters are dicks.

[Winston Biscuit]

West Brom charged with breaching PSR for 24/25

If they are given a points penalty then it has to be given this season.

[Sutekh]

West Brom charged with breaching PSR for 24/25

If they are given a points penalty then it has to be given this season.

Looking forward to the 3 point deduction that saves the ox and relegates another big name into Reading’s struggle next season.

[Stranded]

West Brom charged with breaching PSR for 24/25

If they are given a points penalty then it has to be given this season.

Decision needs to be quick then I would say especially if there is any flexibility in how many points they could be given.

If they are deducted points and are relegated, then (unless Leicester suddenly turn into PL Champs again) all 3 relegated clubs will have had PDs this season.

[Sutekh]

West Brom charged with breaching PSR for 24/25

If they are given a points penalty then it has to be given this season.

Decision needs to be quick then I would say especially if there is any flexibility in how many points they could be given.

If they are deducted points and are relegated, then (unless Leicester suddenly turn into PL Champs again) all 3 relegated clubs will have had PDs this season.

Hasn’t something like this happened before with Wigan though? Told of charges and that any points deduction would only be deployed in the current season if they finished outside the bottom 3, whereas if they finished in the bottom 3 the deduction would hit the following season?

BBC report on this matter….

https://www.bbc.com/sport/football/arti ... d8997l1zno

[From Despair To Where?]

West Brom charged with breaching PSR for 24/25

If they are given a points penalty then it has to be given this season.

Decision needs to be quick then I would say especially if there is any flexibility in how many points they could be given.

If they are deducted points and are relegated, then (unless Leicester suddenly turn into PL Champs again) all 3 relegated clubs will have had PDs this season.

Hasn’t something like this happened before with Wigan though? Told of charges and that any points deduction would only be deployed in the current season if they finished outside the bottom 3, whereas if they finished in the bottom 3 the deduction would hit the following season?

BBC report on this matter….

https://www.bbc.com/sport/football/arti ... d8997l1zno

It's the old Leeds clause, whereby they went into the last game of the season needing a win to stay up. With 10 minutes to play and 2-0 down, they went into administration thereby invoking the points reduction that season.

Fortunately the League saw through this and deducted them 15pts the next season anyway on a technicality and them changed the rules.

[Winston Biscuit]

From what I read they are around £1M over, which puts them in the category of a 3 point deduction, but their 3 year rolling number has improved year on year which means a 3 point deduction would become a 2 point deduction.

So they now just have to sort whether they can get this applied to them, and any appeal WB might make to it, before the last game of the season. The season actually ends on 30th June but any punishment dished out after the last games will reflect badly on the EFL.

I see Kieron Maguire has said the reason WB thought they were fine, and the EFL are saying they are not, is simply because someone at WB ballsed up a calculation on their numbers. Proper amateur stuff.

[WestYorksRoyal]

Looks like the EFL will throw the book at Wednesday and make them start next season on -15. Also sounds like they have serious problems; lack of reliable water supply and sanitation, stadium falling down....this will be a decade turnaround job at least.

The 15 point penalty reflects really badly on football governance in this country. Chelsea avoided a points deduction on the basis that they were under a different owner when they knowingly broke the rules, but Wednesday are being kicked when they're down after being left on their knees by Chansiri.

I know the EFL and PL are different bodies, but it makes it look like the difference between getting away with it and having the book thrown at you is whether you can afford good lawyers. Which is probably true.

[Sutekh]

Looks like the EFL will throw the book at Wednesday and make them start next season on -15. Also sounds like they have serious problems; lack of reliable water supply and sanitation, stadium falling down....this will be a decade turnaround job at least.

The 15 point penalty reflects really badly on football governance in this country. Chelsea avoided a points deduction on the basis that they were under a different owner when they knowingly broke the rules, but Wednesday are being kicked when they're down after being left on their knees by Chansiri.

I know the EFL and PL are different bodies, but it makes it look like the difference between getting away with it and having the book thrown at you is whether you can afford good lawyers. Which is probably true.

It’s a two tier league system for obvious reasons. The PL should never have been set up.

[AthleticoSpizz]

+1
Things like this just seems to make the ‘elite’ gloat even more

[Stranded]

Looks like the EFL will throw the book at Wednesday and make them start next season on -15. Also sounds like they have serious problems; lack of reliable water supply and sanitation, stadium falling down....this will be a decade turnaround job at least.

The 15 point penalty reflects really badly on football governance in this country. Chelsea avoided a points deduction on the basis that they were under a different owner when they knowingly broke the rules, but Wednesday are being kicked when they're down after being left on their knees by Chansiri.

I know the EFL and PL are different bodies, but it makes it look like the difference between getting away with it and having the book thrown at you is whether you can afford good lawyers. Which is probably true.

Whilst I agree with the general point, the rule was brought in so that clubs cannot just be bought on the cheap and wipe out all their debts paying a couple of pence in the pound. It leaves perspective new owners with a simple choice, put enough in up front to cover a 25p in the pound settlement to creditors or pay less and accept a penalty.

It is a rule that was voted on and overwhelmingly accepted by the members of the EFL, so Wednesday are being punished by the very rule they agreed to because the perspective new owner isn't prepared to pay in what is needed to meet the creditor rules.

To me this aspect is pretty fair - it is the PL that probably needs to be harder on certain financial rule breaking.

[katweslowski]

Excuse my ignorance... but how the actual oxf*rd oxf*rd hell are clubs like Leeds (and Newcastle) getting away with stuff like this? I don't understand any of the rules and can't be bothered trying to. It just seems to me there are some mysterious rules and "fairplay" that's supposed to exist, and then you see stats like this.

Is this level of spending reasonable and within the rules? Or Newcastle somehow selling their stadium to themselves

[WestYorksRoyal]

Looks like the EFL will throw the book at Wednesday and make them start next season on -15. Also sounds like they have serious problems; lack of reliable water supply and sanitation, stadium falling down....this will be a decade turnaround job at least.

The 15 point penalty reflects really badly on football governance in this country. Chelsea avoided a points deduction on the basis that they were under a different owner when they knowingly broke the rules, but Wednesday are being kicked when they're down after being left on their knees by Chansiri.

I know the EFL and PL are different bodies, but it makes it look like the difference between getting away with it and having the book thrown at you is whether you can afford good lawyers. Which is probably true.

Whilst I agree with the general point, the rule was brought in so that clubs cannot just be bought on the cheap and wipe out all their debts paying a couple of pence in the pound. It leaves perspective new owners with a simple choice, put enough in up front to cover a 25p in the pound settlement to creditors or pay less and accept a penalty.

It is a rule that was voted on and overwhelmingly accepted by the members of the EFL, so Wednesday are being punished by the very rule they agreed to because the perspective new owner isn't prepared to pay in what is needed to meet the creditor rules.

To me this aspect is pretty fair - it is the PL that probably needs to be harder on certain financial rule breaking.

I personally think debts to outgoing owners shouldn't be included in the rule. This is all of Chansiri's making and he deserves to get nothing out of the sale.

Agree the rule is there with good reason for external creditors.