Generic clubs in financial crisis Thread

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Re: Generic clubs in financial crisis Thread

by YorkshireRoyal99 » 29 Sep 2023 16:09

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QPR are still suffering after the years under Ecclestone and co. and then that Italian chap (Briatori?) where they the made signings that made Dai Yongge's tenure so far seem intelligent, wise and affordable. They're obviously steadier than they were then but still shipping cash at an alarming rate but amazingly only got a small fine I believe for their FFP breaches rather than the points deductions that other clubs get landed with.


I don't think it was small, wasn't it something like £20m that they are still paying off currently? I'm sure the club had to write off shares of similar value as well, I'm sure they got hit pretty hard, admittedly it's not a points deduction that could have seen them suffer more.

It was £20m plus a requirement for shareholders to write off a load of debt the club owed them. It looked like they were getting back on an even keel, particularly after the Eze sale. But I think they bet big under Warburton and are back into loss making territory.

I think Cardiff and Bristol have also been sailing close to the wind.


Seems like it with them, I think Warburton mentioned that he was to lose his job if they didn't finish in the top six, so gives a bit of a statement that they went for it over a couple of seasons.

I think Bristol City were being looked at with Stoke, although I think they both managed to clear themselves and I wouldn't be surprised if Cardiff were somewhere near given their wage bill on the players they've had since the PL days, although steps may have been taken to reduce it over the last couple of years. The bottom line is, a lot of clubs struggle in the Championship, I think even a steady away club like Preston made significant losses in their last set of accounts.

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Re: Generic clubs in financial crisis Thread

by From Despair To Where? » 29 Sep 2023 22:22

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Stranded Sheffield Weds owner has issued a statement stating that if fans wish to protest against him, they can do but he's going to stop pumping in the 2m per month he currently does to keep them going.

Lovely bit of blackmail there.


What is it at Sheff Wed that the fans are wanting the owner out, is it just his sacking of Moore and their iffy start at a higher level or are there actually troubling things going on there?


They've always had a love hate relationship with Chansiri. Loved him when he spent £15m and £120k a week in a wages on a strikeforce, hated him when they all proved to be donkeys and he blew FFP out of the water in the process, which then resulted in a fcuked up accounting process in selling Hillsborough which landed them with a points deduction and relegation.

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Re: Generic clubs in financial crisis Thread

by Franchise FC » 30 Sep 2023 07:48

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Stranded Sheffield Weds owner has issued a statement stating that if fans wish to protest against him, they can do but he's going to stop pumping in the 2m per month he currently does to keep them going.

Lovely bit of blackmail there.


What is it at Sheff Wed that the fans are wanting the owner out, is it just his sacking of Moore and their iffy start at a higher level or are there actually troubling things going on there?


They've always had a love hate relationship with Chansiri. Loved him when he spent £15m and £120k a week in a wages on a strikeforce, hated him when they all proved to be donkeys and he blew FFP out of the water in the process, which then resulted in a fcuked up accounting process in selling Hillsborough which landed them with a points deduction and relegation.

By the way, SW looked absolutely dreadful last night.
Even without any financial issues and potential sanctions, they’ll do well not to go straight back down

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Re: Generic clubs in financial crisis Thread

by WestYorksRoyal » 03 Oct 2023 16:53

Southend takeover agreed. One less parasite in English football. Hopefully there is another soon.

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Re: Generic clubs in financial crisis Thread

by Stranded » 04 Oct 2023 15:20

Scunthorpe takeover now also confirmed.


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Re: Generic clubs in financial crisis Thread

by WestYorksRoyal » 04 Oct 2023 15:32

More good news. Southend and Scunthorpe both basically got to death's door before being rescued. Perhaps the threat of liquidation focuses the mind of an owner trying to hold out for a higher price.

Let's hope it doesn't get to that stage for us.

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Re: Generic clubs in financial crisis Thread

by bcubed » 05 Oct 2023 00:11

WestYorksRoyal More good news. Southend and Scunthorpe both basically got to death's door before being rescued. Perhaps the threat of liquidation focuses the mind of an owner trying to hold out for a higher price.

Let's hope it doesn't get to that stage for us.


Feels like it might have to.

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Re: Generic clubs in financial crisis Thread

by Stranded » 31 Oct 2023 08:27

Wednesday appear to be going down our well trodden path with one key difference, the owner is telling them they are.

He has challenged the fan base to come up with 2m asap to help him cover his current cash flow problem - this will be used to cover the unpaid HMRC bill and the likely shortfall in wages - as he doesn't expect the players to get any/all of their money today.

Makes it clear that both these charges count toward the 30 day count separately, so if wages and tax remain unpaid tomorrow, they will accrue 2 days for every day it goes unpaid. They are are 8 days already.

If they breach the 30 days, they, like us, will find themselves unable to pay a fee for 3 windows - so until summer '25.

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Re: Generic clubs in financial crisis Thread

by From Despair To Where? » 31 Oct 2023 10:19

To be honest, I don't have much sympathy for any club that gets into the shit out of their own pure stupidity, and that includes us.

I save my sympathy for clubs such as Bury who were shafted by a crook or Leyton Orient who's owner's wealth was wiped out almost overnight by the Rwandan genocide in the 90s.


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Re: Generic clubs in financial crisis Thread

by Winston Biscuit » 31 Oct 2023 10:45

Wednesday are gonna be chasing us down the divisions

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Re: Generic clubs in financial crisis Thread

by RFCMod » 31 Oct 2023 13:33

We don't want it to happen too quickly with Wednesday so that any potential investor here moves their interest onto what arguably is a bigger set up in regards fan base and obviously still being in the Championship

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Re: Generic clubs in financial crisis Thread

by From Despair To Where? » 31 Oct 2023 13:46

Yeah, but Chansiri's a fcuking loon. He'd set an asking price at £200m and publicly call anyone that didn't match that a pcunt.

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Re: Generic clubs in financial crisis Thread

by Sutekh » 31 Oct 2023 16:07

WBA will be very close to a meLOLtdown I would imagine, and I wouldn't have said it's to rosey behind the scenes still at QPR esp. given their on field problems. Lastly weren't Middlesbrough a bit nervous too? Stoke only saved themselves by the owners writing off the debt I think before the FL closed that loophole.


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Re: Generic clubs in financial crisis Thread

by YorkshireRoyal99 » 31 Oct 2023 16:57

Yeah there did seem to be a bit of noise about West Brom during the off-season, where they stay at who knows although they are back in the top 6 so maybe enough to have another go at returning to the PL. I think Middlesbrough, Bristol City and Stoke were being watched closely, Stoke obviously got out of it this summer, Bristol City may be ok now after trimming their wage bill and selling a couple of players for large sums again and Middlesbrough's situation seems to have cooled.

I suspect the next clubs will be QPR and West Brom and there will probably be a surprise team in there somewhere as well, someone like Blackburn. Hull are going well, but also seemed to have spent big and apparently have quite a large wage bill as well for their level of income, a couple more seasons without promotion and they could be in bother.

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Re: Generic clubs in financial crisis Thread

by WestYorksRoyal » 31 Oct 2023 18:39

Is it getting worse? I remember Leeds and Pompey well. I think Southampton, Palace and Leicester had some issues in the 00s and early 10s too, plus there are clubs like Halifax and Darlington who went bust in the past.

But in the last 5 years or so, there has been ourselves, Bolton, Derby, Wednesday, Bury, Scunthorpe, Southend and Wigan, with another load of Championship potentials ready to follow the same path. It's definitely getting worse. The sooner the regulator comes in the better.

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Re: Generic clubs in financial crisis Thread

by tmesis » 01 Nov 2023 22:35

Ultimately the problem is the financial gap between the premier league and the championship is now unmanageable. Parachute payments have screwed up the division, as have gamblers betting on clubs' futures to get to the premier league.

Take away the parachute payments though, and any club coming down would find the loss of income catastrophic.

It's hard to know what the solution is, and probably even harder to find one that those at the top would agree too.

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Re: Generic clubs in financial crisis Thread

by YorkshireRoyal99 » 02 Nov 2023 15:57

Parachute payments only exist because people decide to spend so much on wages and transfer fees when they go up to begin with, if they didn't exist, then clubs would likely not be spending as much when going up, or it would be one hell of a gamble it they did.

It's a safety net for when people come down, so that clubs know they can spend more than what they would do without, unless they were being silly. Obviously an extremely difficult aspect to change now as it would cripple the 3 relegated clubs this season, however it would also make people think twice around the wages that would be offered and the length of contract given to said players.

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Re: Generic clubs in financial crisis Thread

by Sutekh » 02 Nov 2023 16:10

YorkshireRoyal99 Parachute payments only exist because people decide to spend so much on wages and transfer fees when they go up to begin with, if they didn't exist, then clubs would likely not be spending as much when going up, or it would be one hell of a gamble it they did.

It's a safety net for when people come down, so that clubs know they can spend more than what they would do without, unless they were being silly. Obviously an extremely difficult aspect to change now as it would cripple the 3 relegated clubs this season, however it would also make people think twice around the wages that would be offered and the length of contract given to said players.


Two immediate changes should be to scrap all parachute payments and ALL player contracts at ALL clubs and in ALL divisions should be compelled to carry appropriate wage reduction on relegation clauses.

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Re: Generic clubs in financial crisis Thread

by Franchise FC » 02 Nov 2023 18:07

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YorkshireRoyal99 Parachute payments only exist because people decide to spend so much on wages and transfer fees when they go up to begin with, if they didn't exist, then clubs would likely not be spending as much when going up, or it would be one hell of a gamble it they did.

It's a safety net for when people come down, so that clubs know they can spend more than what they would do without, unless they were being silly. Obviously an extremely difficult aspect to change now as it would cripple the 3 relegated clubs this season, however it would also make people think twice around the wages that would be offered and the length of contract given to said players.


Two immediate changes should be to scrap all parachute payments and ALL player contracts at ALL clubs and in ALL divisions should be compelled to carry appropriate wage reduction on relegation clauses.

Are you trying to create a situation where the best players go to other countries ?
That’s what they would do because they wouldn’t have to ‘suffer’ such clauses
PL is degraded and quite possibly the trickle down would be a flood

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Re: Generic clubs in financial crisis Thread

by Sutekh » 03 Nov 2023 07:38

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YorkshireRoyal99 Parachute payments only exist because people decide to spend so much on wages and transfer fees when they go up to begin with, if they didn't exist, then clubs would likely not be spending as much when going up, or it would be one hell of a gamble it they did.

It's a safety net for when people come down, so that clubs know they can spend more than what they would do without, unless they were being silly. Obviously an extremely difficult aspect to change now as it would cripple the 3 relegated clubs this season, however it would also make people think twice around the wages that would be offered and the length of contract given to said players.


Two immediate changes should be to scrap all parachute payments and ALL player contracts at ALL clubs and in ALL divisions should be compelled to carry appropriate wage reduction on relegation clauses.

Are you trying to create a situation where the best players go to other countries ?
That’s what they would do because they wouldn’t have to ‘suffer’ such clauses
PL is degraded and quite possibly the trickle down would be a flood


With or without such a clause it's not going to make any difference to Liverpool, Arsenal, ManU etc. they're never going to get relegated and the fact that Superstar x might not want to play for Everton doesn't bother me at all, leaves more room for the development of British players.

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