Clubs in trouble

[pdiddybaby]

so who is the next one then ?

West Ham look fine as they will survive  but will get rid of players for next season

Hull could well be

anyone else ?

[BannedUserIAT]

Liverpool? [pray to the gods of all that is right emoticon]

[hawkeye]

Administration looks certain now. Why would anyone looking to invest in them bother behorehand? They could take over later without having to pay off major creditors.

Talking of creditors, I hope HMRC continue to pursue them for every penny though.

er they cant

[hawkeye]

just wondering but can the IR in particular appeal against administration if they feel it is a way of Pompey reneging on thier commitments ?
Would they want to ?

No they cant, as long as they satisfy the criteria for Admin, the main criteria being that there would be a higher asset realisation than liquidation.

The creditors can form a creditors comitte and investigate the affairs of the club which can lead to action against directors for wrongful trading or even fraudulent preference,

[pdiddybaby]

just wondering but can the IR in particular appeal against administration if they feel it is a way of Pompey reneging on thier commitments ?
Would they want to ?

No they cant, as long as they satisfy the criteria for Admin, the main criteria being that there would be a higher asset realisation than liquidation.

The creditors can form a creditors comitte and investigate the affairs of the club which can lead to action against directors for wrongful trading or even fraudulent preference,

thanks

[BannedUserIAT]

Action against the directors? Do we know for sure who they really are?

[hawkeye]

Action against the directors? Do we know for sure who they really are?

yes they are registered at companys house, even if someone acts as a director and is not registered then there is provision for "shadow directors" to be included. the problem here may be that some of these charecters are foreign nationals and have scarpered.
Peter Storey will have some questions to answer though.
i would not hold your breath that any thing will happen as i have said before the paper shreders have probably been getting some use.

Interesting appointment of administrator, watch this space

[hawkeye]

just wondering but can the IR in particular appeal against administration if they feel it is a way of Pompey reneging on thier commitments ?
Would they want to ?

No they cant, as long as they satisfy the criteria for Admin, the main criteria being that there would be a higher asset realisation than liquidation.

The creditors can form a creditors comitte and investigate the affairs of the club which can lead to action against directors for wrongful trading or even fraudulent preference,

thanks

no problems mate

[cdbearsfan]

Chester have gone

They may be accepted into a lower division but realistically it will be a new fans club if anything playing in Chester next season.

Feel sorry for the fans, sounds like the board were complete idiots couldn't even be bothered to attend the meeting where they were expelled to plead their case. Will be bad news for Tammurf too as they lose six points, commiserations Dave.

[TopDeck113]

As a matter of interest, I know that the players enjoy the status of preferential creditors, as do clubs owed transfer fees, but where does Sol Campbell stand with his claim for unpaid "image rights"?  I personally hope that its at the end of a long queue behind the programme printers, pie providers and the bloke who refurbished the changing rooms when they were first promoted and is still owed thousands.

The whole club has been a basket-case for a few seasons now, but unfortunately is indicative of the whole grubby, money-obsessed, poorly managed black hole that is much of professional football.  

Someone with the biggest pair of bollocks ever seen needs to come in and shake up the game top-to-bottom in terms of the management of its financial affairs.  

It won't happen, though.  I hear today that the PL are about to conclude another massive increase in overseas TV rights.  Money that will disappear into the back pockets of unscrupulous owners, over-paid players of dubious talent and their agents...

...and in twelve months time there will be another current or ex-PL club teetering on the brink of survival.

[Dave Cooper please]

Chester have gone

They may be accepted into a lower division but realistically it will be a new fans club if anything playing in Chester next season.

Feel sorry for the fans, sounds like the board were complete idiots couldn't even be bothered to attend the meeting where they were expelled to plead their case. Will be bad news for Tammurf too as they lose six points, commiserations Dave.

Yes, it plunges us (and Cambridge) right into the relegation battle. Can't be helped though.

Grays Athletic look like they might be going next, they've launched a desperate appeal for funds claiming that they are completely broke after only having played one home game since January and not having another one scheduled until April!
Coupled with the rumours that Salisbury are on the brink  it might mean only one relegation place anyway.
Business as usual in the mayhem and chaos of The Conference then.

[VillaZogmariner]

How the fuck can Grays go so long without a home game?

[Dave Cooper please]

How the fuck can Grays go so long without a home game?

A very unfortunate run of bad weather in Feb combined with them being down to play home games against teams involved in FA Trophy games and Chester City in March.

[cdbearsfan]

I always thought Grays Athletic was the most uninspiring football club name.

[Dave Cooper please]

I always thought Grays Athletic was the most uninspiring football club name.

Ever been there?
It is entirely suitable.