Championship Administration No.2

Discussion in 'Bulletin Board' started by BrunNer, Jul 2, 2020.

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  1. Burgundy Red

    Burgundy Red Well-Known Member

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    Thanks for the info and analysis, @Red Rain. Not sure I agree with this statement though:

    For most that may be the case but many high wealth individuals have done quite nicely out of Covid19 and many industries have not been as badly affected as football. As you yourself allude to, looking at the sources and recent performance of owners' non-football interests might be as good an indicator of which clubs are most likely to go into admin as looking at the balance sheets of the clubs themselves.
     
    Burgundy Red, Jul 2, 2020
    #41
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  2. Red

    Red Rain Well-Known Member

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    Basically, all that means is that some nosey individuals have asked for some details. They will not be given that information unless they can prove that they have the finance and a genuine intent to purchase from the Administrator.
     
    Red Rain, Jul 2, 2020
    #42
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  3. Red

    Red Rain Well-Known Member

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    Yes, that is true, but every discussion has tp have a starting point.
     
    Red Rain, Jul 2, 2020
    #43
  4. Marlon

    Marlon Well-Known Member

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    For some reason Football clubs can be good money laundering sites and that’s why due diligence is SUPPOSED to help .
    Also many businesses are restructuring rather than going into liquidation as although they havnt been trading other businesses have also been in hibernation so competition isn’t taking their buisness .
     
    Marlon, Jul 2, 2020
    #44
  5. Hooky feller

    Hooky feller Well-Known Member

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    Bet 365 are covering most of the wages. :cool:
     
    Hooky feller, Jul 2, 2020
    #45
  6. Burgundy Red

    Burgundy Red Well-Known Member

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    32 Red.
     
    Burgundy Red, Jul 2, 2020
    #46
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  7. sadbrewer

    sadbrewer Well-Known Member

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    Most of them will be fans who think they could buy it on their credit card.
     
    sadbrewer, Jul 2, 2020
    #47
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  8. ATY

    ATYKE1 Well-Known Member

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    Desperately hoping not but it couldn’t be us could it?
     
    ATYKE1, Jul 2, 2020
    #48
  9. ATY

    ATYKE1 Well-Known Member

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    Is there any clue in that the tweet looks to have come from a Stoke newspaper journalist?
     
    ATYKE1, Jul 2, 2020
    #49
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  10. kektyke

    kektyke Well-Known Member

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    No all he's doing is reporting what Gerald Kranser told the press yesterday
     
    kektyke, Jul 2, 2020
    #50
  11. MexboroughTyke

    MexboroughTyke Well-Known Member

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    No chance Stoke will go into administration.
     
    MexboroughTyke, Jul 2, 2020
    #51
  12. hop

    hopster04_02 Member

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    Stoke owned by bet365 minted they'll be fine, who owns millwall that debt is huge what have they spent that on??
     
    hopster04_02, Jul 2, 2020
    #52
  13. Tykeored

    Tykeored Well-Known Member

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    Aren’t they still due more parachute money at the end of the season?
     
    Tykeored, Jul 2, 2020
    #53
  14. Redstone

    Redstone Well-Known Member

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    If a few more head that way I could see the spineless EFL suspending points deductions due to Covid.
    As @SuperTyke said these clubs have known the situation for months and not furloughed the staff who cost millions in wages.
     
    Redstone, Jul 2, 2020
    #54
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  15. MDG

    MDG Well-Known Member

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    Gotta be Reading for me..
     
    MDG, Jul 2, 2020
    #55
  16. John Peachy

    John Peachy Well-Known Member

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    John Peachy, Jul 2, 2020
    #56
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  17. MDG

    MDG Well-Known Member

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    Yeah any business who still deals with large amounts of cash transactions..

    Footy clubs can pump some dodgy cash thru the books and simply inflate attendances. Be a lot harder if no pay on the gate, same with catering if taking cash payments and run by club.

    Bet footy is rife with it...
     
    MDG, Jul 2, 2020
    #57
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  18. sadbrewer

    sadbrewer Well-Known Member

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    That's the reason turnstiles were introduced many years ago.
     
    sadbrewer, Jul 2, 2020
    #58
  19. Dja

    Django Well-Known Member

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    The crazy thing is it could easily be one of many.

    Would anyone be surprised if it was any of Birmingham, Blackburn, Wednesday, Reading, Millwall, Charlton etc.

    League’s three quarters full of badly run clubs
     
    Django, Jul 2, 2020
    #59
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  20. Rea

    ReadingRed Well-Known Member

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    I hope its reading or Birmingham.
    Millwall doesn't really help us as they would not go below us.
     
    ReadingRed, Jul 2, 2020
    #60
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