Generic clubs in financial crisis Thread

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One87One
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Re: Generic clubs in financial crisis Thread

by One87One » 02 Apr 2019 20:56

Bolton not the only club with the same issues regarding paying staff and players. Bury, Macclesfield and Oxford all in the same boat. Tiger is doing a marvellous job at Oxford, God bless him!

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Re: Generic clubs in financial crisis Thread

by Stranded » 03 Apr 2019 09:41

Hope I'm wrong for their fans but do have a feeling Bolton may be gone today.

2 week adjournment was given as a named buyer and lawyer's letter was given to the judge claiming the deal was close. Appears that was misjudged - will take a very fogiving judge to give much more (if any) time today.

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Re: Generic clubs in financial crisis Thread

by Winston Biscuit » 03 Apr 2019 11:35

Judge adjourns until 8th May. They have until then to complete sale and pay off debts

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Re: Generic clubs in financial crisis Thread

by Green » 03 Apr 2019 17:17

Sutekh
Stranded Supporters will not be allowed in to the Bolton stadium for the next two home games: https://www.theboltonnews.co.uk/news/17 ... two-games/

The Council Security Advisory Group have decided that if Bolton survive tomorrow's winding up order then there will not be enough time to adequately ensure the safety of attendees so have put a prohibition order on the stadium.

Not clear if this means the games can still go ahead behind closed doors.


Two options. Postpone the games or play them behind closed doors. Got to be the latter as there just isn’t the time to rearrange and other teams around Bolton would no doubt give the FL serious earache if they felt Bolton were going to get an advantage by building up games in hand

Or fold the club with immediate effect, resign from the league and forfeit all remaining matches.

Probably not one they'll opt for but should be left on the table nonetheless.

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Re: Generic clubs in financial crisis Thread

by Sanguine » 04 Apr 2019 14:58

This is just nuts. Liverpool have spent £328m on transfers in, in the last two years, and paid a total £70.6m agents fees :shock: in addition.

https://www.theguardian.com/football/20 ... fit-record


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Re: Generic clubs in financial crisis Thread

by Winston Biscuit » 04 Apr 2019 15:21

agents got paid a quarter of a bill (that is how I say it now) in a year for transfers :o

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Re: Generic clubs in financial crisis Thread

by From Despair To Where? » 04 Apr 2019 20:12

Spurs spent £11m in agent fees despite not signing anyone.

Is there any breakdown between transfers and contract renewals?

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Re: Generic clubs in financial crisis Thread

by The Enfield Royal71 » 04 Apr 2019 22:21

Maybe was in arrears from the season before

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Re: Generic clubs in financial crisis Thread

by From Despair To Where? » 05 Apr 2019 09:36

Kane signed a 6 year £200,000/wk contract at the start of the season. I could see that alone costing Spurs a few million in agent fees.


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Re: Generic clubs in financial crisis Thread

by Hoop Blah » 05 Apr 2019 09:52

Winston Biscuit agents got paid a quarter of a bill (that is how I say it now) in a year for transfers :o


Agents aren't just being paid for transfers in though. They're paid for transfers out and new contracts for existing players.

It's a ridiculous amount of money going to middle men though.

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Re: Generic clubs in financial crisis Thread

by Hendo » 05 Apr 2019 09:53

Nice work if you can get it.

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Re: Generic clubs in financial crisis Thread

by Winston Biscuit » 05 Apr 2019 09:59

Thinking of becoming a hobnob agent tbh

nobbers can PM me their post ideas, I can tidy them up and help them make more impact and for that I will only take a 5% cut of their post count

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Re: Generic clubs in financial crisis Thread

by The Enfield Royal71 » 05 Apr 2019 10:27

When is the last time a relatively recent league club went bust?
I can only think of rushden and diamonds for some reason but there must he some more.


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Re: Generic clubs in financial crisis Thread

by Silver Fox » 05 Apr 2019 10:43

Hoop Blah
Winston Biscuit agents got paid a quarter of a bill (that is how I say it now) in a year for transfers :o


Agents aren't just being paid for transfers in though. They're paid for transfers out and new contracts for existing players.

It's a ridiculous amount of money going to middle men though.


With new contract negotiations the agent works for the player, is doing everything he can to get the best possible deal for his client and yet the club owes them a fee? That's just mental

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Re: Generic clubs in financial crisis Thread

by Hoop Blah » 05 Apr 2019 10:50

Silver Fox
Hoop Blah
Winston Biscuit agents got paid a quarter of a bill (that is how I say it now) in a year for transfers :o


Agents aren't just being paid for transfers in though. They're paid for transfers out and new contracts for existing players.

It's a ridiculous amount of money going to middle men though.


With new contract negotiations the agent works for the player, is doing everything he can to get the best possible deal for his client and yet the club owes them a fee? That's just mental


Agreed.

The club would end up paying it either way though wouldn't it? Direct to the agent (more transparent and keeps the wage bill down perhaps) or via the player as increased wages and signing on fees if they're then passing on those agent fees from their side.

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Re: Generic clubs in financial crisis Thread

by Deadlock » 06 Apr 2019 16:55

The Enfield Royal71 When is the last time a relatively recent league club went bust?
I can only think of rushden and diamonds for some reason but there must he some more.

    Hereford United, went bust in 2014.
    Darlington 2012 (the club currently with that name is not the same entity, whatever their supporters might like to pretend)
    Rushden and Diamonds 2011
    Chester City 2010
    Halifax Town 2008
    Scarborough 2007
I think that's your lot since 1992, when two clubs managed to go bust while still in the League - Aldershot and Maidstone United.

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Re: Generic clubs in financial crisis Thread

by Sutekh » 06 Apr 2019 17:23

Deadlock
The Enfield Royal71 When is the last time a relatively recent league club went bust?
I can only think of rushden and diamonds for some reason but there must he some more.

    Hereford United, went bust in 2014.
    Darlington 2012 (the club currently with that name is not the same entity, whatever their supporters might like to pretend)
    Rushden and Diamonds 2011
    Chester City 2010
    Halifax Town 2008
    Scarborough 2007
I think that's your lot since 1992, when two clubs managed to go bust while still in the League - Aldershot and Maidstone United.


Maidstone went just before that season kicked off and as a result Reading got a bye in the 1st round of the League Cup.

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Re: Generic clubs in financial crisis Thread

by Mr Optimist » 06 Apr 2019 20:35

Deadlock
The Enfield Royal71 When is the last time a relatively recent league club went bust?
I can only think of rushden and diamonds for some reason but there must he some more.

    Hereford United, went bust in 2014.
    Darlington 2012 (the club currently with that name is not the same entity, whatever their supporters might like to pretend)
    Rushden and Diamonds 2011
    Chester City 2010
    Halifax Town 2008
    Scarborough 2007
I think that's your lot since 1992, when two clubs managed to go bust while still in the League - Aldershot and Maidstone United.


It's the same thing as Darlington with Rangers to be fair.

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Re: Generic clubs in financial crisis Thread

by Deadlock » 06 Apr 2019 23:09

Mr Optimist
Deadlock
The Enfield Royal71 When is the last time a relatively recent league club went bust?
I can only think of rushden and diamonds for some reason but there must he some more.

    Hereford United, went bust in 2014.
    Darlington 2012 (the club currently with that name is not the same entity, whatever their supporters might like to pretend)
    Rushden and Diamonds 2011
    Chester City 2010
    Halifax Town 2008
    Scarborough 2007
I think that's your lot since 1992, when two clubs managed to go bust while still in the League - Aldershot and Maidstone United.


It's the same thing as Darlington with Rangers to be fair.

Oh, for sure. Wikipedia tells an absolute boatload of lies in their case.

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Re: Generic clubs in financial crisis Thread

by Victor Meldrew » 07 Apr 2019 10:27

Sanguine This is just nuts. Liverpool have spent £328m on transfers in, in the last two years, and paid a total £70.6m agents fees :shock: in addition.

https://www.theguardian.com/football/20 ... fit-record



That's capitalism for you-I'm surprised that you are shocked.

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