lordswoodsaints Posted 5 June, 2009 Share Posted 5 June, 2009 Unforetunately, it seems it's different rules for the "big four" than for the rest. I can't see Barclays bouncing one of thier cheques forcing them into administration. that is probably because the 'manu' brand is a worldwide licence to print money, whereas the 'saints' brand only interests a few yocals covered in pig sh1t :-) Link to comment Share on other sites More sharing options...
Legod Third Coming Posted 5 June, 2009 Share Posted 5 June, 2009 I would like Liverpool to go bust. I have nothing against them - in fact quite the reverse - but this is the only way football will change. Having said which, there are hundreds of FTSE companies and those owned by venture capitalists especially which are in EXACTLY the same position with all of their expansion financed by debt. Whoever said debt is essential for economic prosperity is nuts. Actually, income is essential for economic prosperity. In the old days Lord Weinstock ran GEC with millions in the bank - a cash rich company. It used to be common for companies to actually be regularly in profit and have cash. Extraordinary isn't it. These days of course, to grow you have to be in debt knowing that you'll never need to pay it back, just get more and more into debt and simply move it around. It will kill us all you know. Link to comment Share on other sites More sharing options...
rallyboy Posted 5 June, 2009 Share Posted 5 June, 2009 If you were the only chairman in a division who decided that enough was enough and you were going to trim your outgoings to make the company stable, you would finish bottom and the fans would go up the wall, demanding that you pay wages and buy players that the company couldn't sustain. Peer pressure has driven all clubs into this madness. It needs a directive from the leagues, wage-capping, transparent accounting, something to make everyone step into some sort of line. Good luck organising that! Link to comment Share on other sites More sharing options...
kpturner Posted 5 June, 2009 Author Share Posted 5 June, 2009 Because it was brilliant in its simplicity?Errr - no! Link to comment Share on other sites More sharing options...
Marsdinho Posted 5 June, 2009 Share Posted 5 June, 2009 You should watch these films http://www.zeitgeistmovie.com/ Link to comment Share on other sites More sharing options...
um pahars Posted 5 June, 2009 Share Posted 5 June, 2009 If you were the only chairman in a division who decided that enough was enough and you were going to trim your outgoings to make the company stable, you would finish bottom and the fans would go up the wall, demanding that you pay wages and buy players that the company couldn't sustain. Peer pressure has driven all clubs into this madness. It needs a directive from the leagues, wage-capping, transparent accounting, something to make everyone step into some sort of line. Good luck organising that! And therein lies the problem, as I don't see many at the top table wanting a change. We were no different when we were up there looking down at Leicester, Wrexham et al almost going to the wall. I may be wrong, but I certainly don't remember many threads up here seeking to change the distribution of football's wealth and how it organises itself when we riding high. As you say, I don't think this can be done unilaterally, but I also don't hold out much hope for a multilateral approach either as there are too many vested interests now involved. Not that it probably means anything, but Andy Burnham spoke some sense last year when he said the following "We risk the game losing touch with its traditional fan-base. The time has come for football to reassess its relationship with money and with its supporters." "Despite the levels of money in the game, football must be a sporting competition run like a business and not vice versa. "The game makes money because of the way it began - because of the fierce rivalry between fans and the history of civic pride and local allegiance forged over a century or more. "The game is becoming increasingly polarised. The top clubs who build on global success are in danger of becoming detached from the communities that build them. We need to ensure the flow of finance furthers football's interests as a sport." "Having strong competition as a primary goal is the way to ensure commercial success. Football clubs do not exist to be pure businesses. They do not exist to put each other out of business. The product is the competition. "Football has special characteristics and a fundamental role in our community." Link to comment Share on other sites More sharing options...
aintforever Posted 5 June, 2009 Share Posted 5 June, 2009 The whole crazy world of football is held together by Sky TV's millions, take that away and it will all come crashing down. With internet streaming and the effects of recession and lack of interest in the predictable, sterile nature of the modern game it would be foolish to assume that the money will always be there. Link to comment Share on other sites More sharing options...
kpturner Posted 5 June, 2009 Author Share Posted 5 June, 2009 You should watch these films http://www.zeitgeistmovie.com/:confused: Link to comment Share on other sites More sharing options...
ThorpG Posted 5 June, 2009 Share Posted 5 June, 2009 I would love to see a huge club like Liverpool go into administration Why, so fans of another club can go through the same turmoil we have to? I would have thought our current predicament would have meant we might become a bit more sympathetic of other fans who see their club's future threatened. Clearly I got that wrong... Link to comment Share on other sites More sharing options...
L1Minus10 Posted 6 June, 2009 Share Posted 6 June, 2009 I don't really understand how it is legal for somebody to buy a club with a massive loan, transfer the loan to the club, use the club's profits to pay off that loan, and then sell the club and walk away with hundreds of millions!!! Anybody? I'd like an answer to this too. Mind you, you'd have to be some special kind of ****wit to buy something with that level of debt. Link to comment Share on other sites More sharing options...
B Rabbit Posted 6 June, 2009 Share Posted 6 June, 2009 :confused: It's in 3 parts...i guess he is referring to part 3...all about banks....but the whole thing is awesome...apart from the first 13 mins which are a bit odd. Link to comment Share on other sites More sharing options...
Gingeletiss Posted 6 June, 2009 Share Posted 6 June, 2009 Driving into work last night, I heard two presenters (read Pratts), saying, that we should not let the likes of Liverpool/ Manure etc, go to the wall. They were saying that we as football fans, should club together to ensure this never happens, as they represent this country in Europe. At this point, I was fuming:mad::mad:.....surely, the big clubs are the root cause of all our problems. They certainly keep the lions share of any money in football, and at no point, have they been willing to bail out clubs in trouble. FFIW....any big club that's gets into trouble, I say good........and I have a soft spot for Liverpool. Link to comment Share on other sites More sharing options...
PaulSaint Posted 6 June, 2009 Share Posted 6 June, 2009 Think you are referring to M Quinn & A Durham on Talk Sport. They will say anything to get a reaction, its their job. Link to comment Share on other sites More sharing options...
Andy_Porter Posted 6 June, 2009 Share Posted 6 June, 2009 Good article in this months TSF about how football in Britain is collapsing. Link to comment Share on other sites More sharing options...
Saint Bowood Posted 8 June, 2009 Share Posted 8 June, 2009 Setanta on the brink of admin .... the first tangible signs of the death of football as we know it. - bring it on ! Link to comment Share on other sites More sharing options...
buctootim Posted 8 June, 2009 Share Posted 8 June, 2009 Setanta on the brink of admin .... the first tangible signs of the death of football as we know it. - bring it on ! Actually I think its a shame. They tried to create an alternative to the Sky monopoly of footie. Link to comment Share on other sites More sharing options...
Flyer Posted 8 June, 2009 Share Posted 8 June, 2009 On the plus side, I dont believe Sky are allowed all of the Prem football blocks of games, they have 5 out of 6 already. So if Setanta go down and hopefully they will. the BBC, ITV and maybe ESPN will battle it out for the last block and it would be great to see FTA games. Link to comment Share on other sites More sharing options...
OldNick Posted 8 June, 2009 Share Posted 8 June, 2009 If Pompey get bought then probably the only teams safe from financial problems are mancity Pompey Chelsea and Villa.Of course if the owners lose interest there might be a probelm. Link to comment Share on other sites More sharing options...
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