Championship Administration No.2

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

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  1. Gordon Owen

    Gordon Owen Well-Known Member

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    Drum roll....
     
    Gordon Owen, Jul 2, 2020
    #21
  2. Burgundy Red

    Burgundy Red Well-Known Member

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    Hadn't Wigan?
     
    Burgundy Red, Jul 2, 2020
    #22
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  3. red

    redrum Banned Idiot

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    True, but could see it coming for a long while with wigan small crowds, parachute payments dried up, 600 non playing staff, spending big on transfers, losing millions every year. I dont think you can say that about charlton. My guess would be reading.
     
    redrum, Jul 2, 2020
    #23
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  4. She

    Shepley Red Well-Known Member

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    Birmingham or Reading.
     
    Shepley Red, Jul 2, 2020
    #24
  5. RC_

    RC_tyke Well-Known Member

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    Again, it’s harsh on the loyal fans and all the hard working people at the clubs but honestly, I’m so sick of championship clubs spending habits and have been for years. It seems as though it’s taken a pandemic for it to happen but it’s finally catching up with the clubs.

    2 sides of the coin here, do we want it to be a mid table club to draw them right in the scrap or do we want one of the already struggling teams to be plummeted to the bottom? I’d prefer the latter tbh. Imagine if say Huddersfield get deducted 12 points, that’s essentially a relegation place gone.
     
    RC_tyke, Jul 2, 2020
    #25
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  6. Nardiello

    Nardiello Well-Known Member

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    As said above, maybe Reading?
     
    Nardiello, Jul 2, 2020
    #26
  7. wak

    wakeyred Well-Known Member

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    Didn’t Derby fail to pay their staff at one point this season? Could be them.
     
    wakeyred, Jul 2, 2020
    #27
  8. Merde Tete

    Merde Tete Well-Known Member

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    I'm going with Reading. Their wages to income ratio is insane.
     
    Merde Tete, Jul 2, 2020
    #28
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  9. Marlon

    Marlon Well-Known Member

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    It would be justice if Barnsley and Luton stay up imo .
     
    Marlon, Jul 2, 2020
    #29
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  10. Gegenpresser

    Gegenpresser Well-Known Member

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    A bit speculative this innit?

    Not quite factual.
     
    Gegenpresser, Jul 2, 2020
    #30
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  11. Old Goat

    Old Goat Well-Known Member

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    That's how I read it. You dont need a degree in finance to know that clubs are suffering at the moment and that some will be hurting more than others.
     
    Old Goat, Jul 2, 2020
    #31
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  12. Men

    Menai Tyke Well-Known Member

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    Or be us.
     
    Menai Tyke, Jul 2, 2020
    #32
  13. kektyke

    kektyke Well-Known Member

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    I'm going for the massives, failed to pay players last week didn't they
     
    kektyke, Jul 2, 2020
    #33
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  14. Marlon

    Marlon Well-Known Member

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    Two point deducting offences they’d get a MASSIVELY LOW penalty .
     
    Marlon, Jul 2, 2020
    #34
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  15. Merde Tete

    Merde Tete Well-Known Member

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    I was thinking about that, but if they were to get relegated anyway, there's no deduction. I reckon that dragging sides from mid table in is definitely the most favourable scenario for us. The more, the merrier!
     
    Merde Tete, Jul 2, 2020
    #35
  16. Red

    Red Rain Well-Known Member

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    The following Championship Clubs had negative Shareholder Funds / negative Net Assets as at the end of the 2018/19 seasons. Basically, their Balance Sheets said that they were insolvent and they were kept in business because of owners' guarantees to their creditors:

    Cardiff City -£118,005,000
    Huddersfield Town -£20,172,870
    Leeds United -£6,979,915
    Middlesbrough -£55,070,000
    Bristol City -£49,200,476
    Nottingham Forest -£49,870,000
    Hull City -£16,619,771
    Blackburn Rovers -£112,036,637
    Stoke City -£66,093,000
    Birmingham City -£57,900,506
    Wigan Athletic -£16,902,791
    Queens Park Rangers -£3,009,000
    Reading -£36,427,872
    Millwall -£81,917,000
    Luton Town -£1,388,440

    In addition, 3 clubs have not yet submitted their Financial Statements covering that season. They are:

    Derby County
    Sheffield Wednesday
    Charlton Athletic

    Before people jump to conclusions, these figure are only important when the clubs run out of cash, and they will not run out of cash so long as their owners are prepared to keep supporting them. However, Covid19 will have affected owners and their business interests just as badly as it has affected the clubs themselves. Therefore the question you are asking yourselves is this, "which owners might turn their backs on their clubs in order to save their other business.

    Finally, there is a technical point. The above balances are overstated in both Financial Statements and FFP regulations because playing staffs (Intangible Fixed Assets) are valued at the amount originally paid in transfer fee less that part written off because the player's contract has a reduced time to run until it is written down to zero at its conclusion. If a player has a current market value of a higher sum than his Balance Sheet value, or he is a graduate of the club's academy the total of those sums should reduce the negative Net Asset figure when cashed in. Nevertheless, the question is still the one that I posed in the paragraph above.

    In reality, in most cases, we are now over 1 year on from the above figures. They are there as an indication, and not as a definitive statement of the current position.
     
    Red Rain, Jul 2, 2020
    #36
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  17. Sup

    SuperTyke Well-Known Member

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    Absolutely no sympathy for any club whatsoever from premier league to league 2.

    Apart from the fact that the obscene money they receive (and I'm including league 2 in that) I have a serious problem with any business who has sat by since march, the entire company in hibernation but refusing to furlough it's staff only to then claim financial hardship and enter administration in an attempt to avoid paying small local creditors deserves everything they get. The directors of said companies should be locked up
     
    SuperTyke, Jul 2, 2020
    #37
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  18. Donny Red

    Donny Red Well-Known Member

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    Donny Red, Jul 2, 2020
    #38
  19. RC_

    RC_tyke Well-Known Member

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    The more the merrier is good but a mid table side would be more likely to get out of it. I think I’d edge towards having one team basically guaranteeing a relegation spot.
     
    RC_tyke, Jul 2, 2020
    #39
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  20. Mis

    MiserablePontyEnder Well-Known Member

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    Me neither.

    We went down because of Bolton cheating. Swings and roundabouts.
     
    MiserablePontyEnder, Jul 2, 2020
    #40
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