<p class="MsoNormal" style="margin: 0cm 0cm 0pt"><font face="Times New Roman" size="3">(RIP) It is getting too easy for clubs to Write-off debts by going into administration.</font></p>
RE: That is also exactly.... ....what we did, and without the ten-point penalty. Have heard rumours that Steve Parkin is still owed money from his contract. Whether he deserves it is a moot point, but nontheless......
What do you suggest though We dont want clubs to completely disappear (not even the one in S6 though its close) you cant relegate a club midseason, and fining is clearly out of the question If you did something to force relegation at the end of the season - eg a 50 point deduction it makes the remaining games pointless and disadvantages sides who have already played them. Legally once a CVA is agreed you cant then force the club to pay back the then waived debt Good argument for banning anyone in key board positions eg Chairman Finance director from running any other club for 10 years say - but even this isnt reasonable if the Admin is a result of previous bad administration. Not sure what the best solution is
Totally agree It's a bit like a stonewall penalty not given - if it's for us we go barmy, if it's for them we laugh and say "nivver, 'ee dived". Nowt like being biased We got away with financial murder but the 10 point rule does not seem to put people off any more and something else has to be done.
RE: What do you suggest though They should bring more debtors under the "footballing" debts umbrella, as per footballers wages. That should include the tax man, previous employees debts, and anybody who has contributed to the devleopment of the club. If all those were to be paid in full (or say at least 50 or 75%), then clubs might be a bit more careful.
What About... implementing rules to try to stop clubs getting in such a mess in the first place. In real business, I would have had to remortgage my house, give personal guarantees etc etc to secure finance which would be a pittance compared to what some clubs get away with. There could be rules linking the level of borrowing to income, level of wages to income (like in some other sports), linking transfer budget to income. In my business we have a simple rule - if we can't afford it we don't bloody well buy it. Clubs in breah would have a limited time to sort it out (e.g. by selling players, reducing borrowings etc etc) before points penalties kick in. I'd like to see what would happen if my business went into admin and I went round with a bucket at all other businesses in my industry. Would be a right laugh. There's tons of emotion in football and it has spilled over into the financial dealings - clubs believe they just cannot go under because they are "massive", have loyal fans etc etc - none of which are sound business reasons.
Did it help us going into admin? Seemed to put us in a bigger mess - we seemed to be in the doldrums for a few years after we had gone into admin
RE: Did it help us going into admin? Those doldrums could also be related to the phenomenally crap players and manager we had at the time.
Jimmy Carr - comedian thread Went to see him at Doncaster, great night, great guy too - stayed after for about 1 hour to sign things and greet fans. Top bloke, very witty and very funny.