Generic clubs in financial crisis Thread

[exileinleeds]

Not a club in trouble, but Hull FC are sueing ex chairman for using the clubs money for his own use, and some bungs from agents.

http://news.bbc.co.uk/sport1/hi/footbal ... 473519.stm

[Mr Optimist]

Not a club in trouble, but Hull FC are sueing ex chairman for using the clubs money for his own use, and some bungs from agents.

http://news.bbc.co.uk/sport1/hi/footbal ... 473519.stm

Not in trouble? Click on the right hand column, "Hull future could be in doubt", the gist of it is:
"Hull could go out of business if they are relegated, auditor Deloitte has warned in the club's financial results."

Sounds like Bradford City MkII. Time for Stephen to move on, as he has his premier league player status to think of...

[Mr Angry]

Derby join the party!!

http://www.sundaymercury.net/midlands-s ... -25661166/

[Baines]

Derby join the party!!

http://www.sundaymercury.net/midlands-s ... -25661166/

The stricken club are advertising the sale of their squad with a banner encouraging potential buyers which reads:

"Here! For the Champions."

[Terminal Boardom]

Now their (Derby's) directors’ salaries are believed to be among the biggest in the Championship.

[Stranded]

Derby join the party!!

http://www.sundaymercury.net/midlands-s ... -25661166/

The stricken club are advertising the sale of their squad with a banner encouraging potential buyers which reads:

"Here! For the Champions."

Great news, maybe we could get Dean Moxey from them?? Whenever I saw him play for Exeter he looked like a younger Glen Little, the guy is just brilliant. Plays left wing.

Has been no better than average for them according to a mate who watches them regularly.

[Dirk Gently]

UEFA are trying to bring control - their general secretary Gianni Infantino told the Telegraph that:

What we are doing, with the support of all the stakeholders in the game including the major professional clubs, is to try and improve the long-term stability of European club football by encouraging clubs to live within the revenues that they generate. We are concerned, and many of the clubs and owners are concerned, about the sustainability of the game.

We survey more than 650 clubs all over Europe, and found that 50 per cent of those clubs are making losses every year, and 20 per cent of them are making huge losses, spending 120 per cent of their revenue every year. Around one third of the clubs are spending 70 per cent or more of their revenues on wages. Revenues across European football grew by 10 per cent last year, but the salaries of players and coaches have gone up by around 18 per cent. It is clear that if we continue like this it will end up with a spiral of inflation, so we need to bring a more rational and reasonable approach to this crazy game.

[Royal Rother]

House of cards. Many can't see it happening but some day soon most of it's gonna blow down.

We will be one of the minority left pretty much intact.

Viva la revolution!

[The whole year inn]

Has been no better than average for them according to a mate who watches them regularly.

Tisdale plays passing football and uses the flanks - Moxey thrived

Clough still thinks he is managing in the conference

[Ian Royal]

Great news, maybe we could get Dean Moxey from them?? Whenever I saw him play for Exeter he looked like a younger Glen Little, the guy is just brilliant. Plays left wing.

Has been no better than average for them according to a mate who watches them regularly.

Looked like he was playing left back in the highlights I watched the other day... and didn't seem that good there either.

[Ian Royal]

I did think at the time he'd been a midfielder for the Grecians.

[The whole year inn]

Great news, maybe we could get Dean Moxey from them?? Whenever I saw him play for Exeter he looked like a younger Glen Little, the guy is just brilliant. Plays left wing.

Has been no better than average for them according to a mate who watches them regularly.

Looked like he was playing left back in the highlights I watched the other day... and didn't seem that good there either.

he is being played out of position in a game of hoofball

[Geekins]

All getting heated up in Portsmouth. Grant refuses to do press conference yesterday at the 11th hour saying that he's not prepared. The local news reporters are now turning on the club as well. Been told that if you think it's bad news only from the public, it's even worse behind the scenes.

[TFF]

NEWCASTLE’S attempt to sign Mike Williamson was on the verge of collapse last night after Portsmouth’s financial problems forced them to pull the plug on the defender’s proposed move.

And with fears over the extent of Steven Taylor’s ligament injury growing, the Magpies could be forced to look at alternative targets which are understood to include their former centre-half Andy O’Brien and Stoke City’s Leon Cort.

Williamson successfully underwent a medical on Tyneside yesterday after Pompey accepted the Magpies’ offer of £925,000 on Thursday night.

Newcastle officials had hoped to complete a deal yesterday evening after a successful round of personal negotiations with the centre-half and his representatives, but their plans were scuppered when Portsmouth effectively pulled out of the deal.

Despite having agreed to sell Williamson on Thursday evening, Pompey performed an abrupt about turn after the full extent of their obligations in the wake of the defender’s proposed departure became clear.

Portsmouth signed Williamson from Watford for £3m last summer but, like so many of their deals during that time, the south coast club paid little or nothing of the money up front.

Watford also inserted a sellon clause in the deal that took Williamson to Fratton Park, so while Portsmouth would be due to receive £925,000 if they sold the 26-year-old to Newcastle during the current transfer window, they would also be due to pay the Hornets around £2m.

As a result, the deal was in major doubt last night, despite a day of hectic negotiations between officials from Newcastle, Portsmouth and Watford.

But in order for a deal to be concluded, either Watford will have to write off a considerable amount of money or Newcastle will have to up their bid considerably, neither of which looks particularly likely.

Alternatively, the two clubs could agree to a loan deal until the end of the season, which would prevent the need for Portsmouth to pay Watford immediately.

Source

LOL @ that

[Ian Royal]

Which moron agreed a sell on fee for a specific amount and not percentage of the fee or profit?? Because that appears to be what the article is saying has happened...

How retarded is that club's transfer management!?

[Geekins]

Utaka on 60-80k per week!

[Deadlock]

Watford also inserted a sellon clause in the deal that took Williamson to Fratton Park, so while Portsmouth would be due to receive £925,000 if they sold the 26-year-old to Newcastle during the current transfer window, they would also be due to pay the Hornets around £2m.

But in order for a deal to be concluded, either Watford will have to write off a considerable amount of money or Newcastle will have to up their bid considerably, neither of which looks particularly likely.

Surely the Premier League have kept that £2m from Portsmouth's latest batch of TV wonga for just this eventuality. They can sell Williamson to Newcastle for this enormous loss (LOL) and the PL can pay off Watford.

Simples.

[Smoking Kills Dancing Doe]

I'm guess that TV money has already been used to pay off other clubs.

[Ian Royal]

It was being held for future failures to make payments...

I'd guess it's actually being held back for the next time Pompey fail to pay their players. PL won't give a toss about Watford. They aren't PL and nor are they a big foreign club.

[T.R.O.L.I.]

PL won't give a toss about Watford. They aren't PL and nor are they a big foreign club.

The PL might not, but the FL will and I'm sure they will back Watford's claim for money being paid to them in the same way that Spurs et al have been.