Generic clubs in financial crisis Thread

[Silver Fox]

Barcelona pulling leavers again.

They're hanging around the gates on the last day of school?

[Winston Biscuit]

Listening to a Football finance man on Talksport earlier and he first said that PSR is f*cked due to Chelsea's shenanigans and needs a complete rethink (ans says it will probably get one), and also said Villa are about to break PSR rules so they need to sell a player, but he predicted they will more likely just sell something to themselves, like their women's team.

[Sutekh]

Listening to a Football finance man on Talksport earlier and he first said that PSR is f*cked due to Chelsea's shenanigans and needs a complete rethink (ans says it will probably get one), and also said Villa are about to break PSR rules so they need to sell a player, but he predicted they will more likely just sell something to themselves, like their women's team.

I think football is broken. Just scrap all the PSR/FFP rules and let clubs get on with it.

[Snowflake Royal]

Listening to a Football finance man on Talksport earlier and he first said that PSR is f*cked due to Chelsea's shenanigans and needs a complete rethink (ans says it will probably get one), and also said Villa are about to break PSR rules so they need to sell a player, but he predicted they will more likely just sell something to themselves, like their women's team.

I think football is broken. Just scrap all the PSR/FFP rules and let clubs get on with it.

Terrible idea. Football's broke, so let's just let clubs who are already cheating do whatever they want and watch loads of them explode out of business. Yay.

[Sutekh]

Listening to a Football finance man on Talksport earlier and he first said that PSR is f*cked due to Chelsea's shenanigans and needs a complete rethink (ans says it will probably get one), and also said Villa are about to break PSR rules so they need to sell a player, but he predicted they will more likely just sell something to themselves, like their women's team.

I think football is broken. Just scrap all the PSR/FFP rules and let clubs get on with it.

Terrible idea. Football's broke, so let's just let clubs who are already cheating do whatever they want and watch loads of them explode out of business. Yay.

And that would be bad to see “cheating” clubs go out of business?

[Snowflake Royal]

I think football is broken. Just scrap all the PSR/FFP rules and let clubs get on with it.

Terrible idea. Football's broke, so let's just let clubs who are already cheating do whatever they want and watch loads of them explode out of business. Yay.

And that would be bad to see “cheating” clubs go out of business?

Would it have been bad to see us go out of business?

[Sutekh]

Terrible idea. Football's broke, so let's just let clubs who are already cheating do whatever they want and watch loads of them explode out of business. Yay.

And that would be bad to see “cheating” clubs go out of business?

Would it have been bad to see us go out of business?

Of course, but a phoenix club nearly always rises out of the ashes.

While I appreciate that there should be “rules”, it seems that those “rules” are constantly being flouted and clubs are constantly looking for ways to ignore and/or bend “bend” rules (e.g. Leicester City (who still haven’t learned anything), Man City with 115 charges going on interminably (which will be followed by the inevitable appeal dragging on forever before they more than likely get let off with next to no punishments) and clubs selling “their own things” to themselves ) I sometimes think some of these no moral entities going bust would be in the best interests of everyone.

[Dirk Gently]

I think football is broken. Just scrap all the PSR/FFP rules and let clubs get on with it.

Terrible idea. Football's broke, so let's just let clubs who are already cheating do whatever they want and watch loads of them explode out of business. Yay.

And that would be bad to see “cheating” clubs go out of business?

The collateral damage would probably be the rest of the pyramid, though - and especially the Championship. Some clubs might survive or be phoenix clubs, but I'd doubt all 72 would.

[Sutekh]

Taking over from Reading as the next FL basket case fiasco is Sheffield Wednesday which is now under a transfer embargo for the next three windows after Chansiri failed to pay staff on time again.

https://eflanalysis.com/news/sheffield- ... nt-fiasco/

[Sutekh]

Taking over from Reading as the next FL basket case fiasco is Sheffield Wednesday which is now under a transfer embargo for the next three windows after Chansiri failed to pay staff on time again.

https://eflanalysis.com/news/sheffield- ... nt-fiasco/

Not been a good year for Wednesday at all…

https://www.bbc.com/news/articles/c2lj27z8glgo

[Snowflake Royal]

Taking over from Reading as the next FL basket case fiasco is Sheffield Wednesday which is now under a transfer embargo for the next three windows after Chansiri failed to pay staff on time again.

https://eflanalysis.com/news/sheffield- ... nt-fiasco/

Not been a good year for Wednesday at all…

https://www.bbc.com/news/articles/c2lj27z8glgo

Hopefully they'll get a regulator in time to make a difference

[genome]

Lyon relegated to Ligue 2 over finances, with debts of £422m

[Sutekh]

Lyon relegated to Ligue 2 over finances, with debts of £422m

Palace fans presumably thankful Textor is selling his shares in them.

[Winston Biscuit]

will be interesting to watch what happens with Lyon if they lose their appeal and do play in Ligue 2, considering what happened to Bordeaux once they were relegated.

Bordeaux (a bigger club than Lyon) were kicked out the league by the DNCG, a separate organisation to the French Football Federation, who oversee the financial health of professional football clubs. My understanding is they are not there to focus on the emotions of the game, but are pretty ruthless decision makers who's job is to make decisions based on financial spreadsheets, and they have the power to relegate clubs, impose transfer bans etc. They are the ones who have ordered Lyon be relegated

and on that subject, Bordeaux confirmed yesterday that they will be playing in Div 4 again as there was a chance they would fold completely due to debts. They still had €100M of debt but creditors agreed to reduce that to €26M and it means they have avoided armageddon (again)

[Sutekh]

will be interesting to watch what happens with Lyon if they lose their appeal and do play in Ligue 2, considering what happened to Bordeaux once they were relegated.

Bordeaux (a bigger club than Lyon) were kicked out the league by the DNCG, a separate organisation to the French Football Federation, who oversee the financial health of professional football clubs. My understanding is they are not there to focus on the emotions of the game, but are pretty ruthless decision makers who's job is to make decisions based on financial spreadsheets, and they have the power to relegate clubs, impose transfer bans etc. They are the ones who have ordered Lyon be relegated

and on that subject, Bordeaux confirmed yesterday that they will be playing in Div 4 again as there was a chance they would fold completely due to debts. They still had €100M of debt but creditors agreed to reduce that to €26M and it means they have avoided armageddon (again)

Sounds like how you’d want the proposed football regulator over here to work.

[Stranded]

Taking over from Reading as the next FL basket case fiasco is Sheffield Wednesday which is now under a transfer embargo for the next three windows after Chansiri failed to pay staff on time again.

https://eflanalysis.com/news/sheffield- ... nt-fiasco/

As of today, Wednesday apparently:

have still not paid players
may not pay HMRC
no players have signed contacts offered
no pre-season games arranged
coaches contracts expire next week with no new deals yet publically offered
training ground yet to be prepared for pre-season
the North Stand at the stadium may be closed for the new season

Hopefully they get through this but that feels even worse that we had it, and we had it bad.

[Winston Biscuit]

You would hope at least that due to our situation, the EFL would now have fairly straightforward plans in place over what they can do, what they should do, what leverage they have etc to try and force the situation to head back towards a more positive place

[Sutekh]

Have STAR and SBWD reached out to Wednesday supporter groups to see if they can help with advice/ideas etc.?

Seems to me Chansiri is exactly the same as Dai except worse in that he's vocal and takes swipes back at everyone which could make things a whole lot worse for everyone.

A couple of articles on the mess...

https://inews.co.uk/sport/football/shef ... on-3750994

https://eflanalysis.com/news/sheffield- ... -in-limbo/

Seems the main stumbling block to resolution is the owner's completely idiot asking price for the club.

[Winston Biscuit]

I am going to go nuts here and predict that after Lyon appeal, they will end up playing in Ligue 1 next season, but with a points deduction.

If i am right it will look like I know what I am talking about, if I am wrong I will just not mention it again and hope you all forget my prediction

[Snowflake Royal]

Have STAR and SBWD reached out to Wednesday supporter groups to see if they can help with advice/ideas etc.?

Seems to me Chansiri is exactly the same as Dai except worse in that he's vocal and takes swipes back at everyone which could make things a whole lot worse for everyone.

A couple of articles on the mess...

https://inews.co.uk/sport/football/shef ... on-3750994

https://eflanalysis.com/news/sheffield- ... -in-limbo/

Seems the main stumbling block to resolution is the owner's completely idiot asking price for the club.

Dai seemed someone who just didn't care, but circumstances eventually forced him into a sale.

Chanserai looks like he's actively vindictive, and not stupid enough to give anyone a legal out to force him to sell. He looks like he will happily kill the club to punish those who criticise him. Bloody awful for Wednesday, and I think far worse than Dai.