Coventry City have been liquidated

Dazzler21

I don't like this at all.;

jay76

eaststandmike said:

I am surprised at the gloating on here considering our plight in the past and dare I say it what is ahead of us. When things get this bad you have to park the football rivalry to one side and think of the fans, small business's and employee's who will be affected by this mess.

Whilst this is a bad day for Coventry it drives yet another nail in football's coffin.

My thoughts exactly.

scabbyhorse

Sparrows Lane Lion said:

iainment said:

Ha, I'm not sorry for them at all. I remember their crowing to us about being in the top division for decades, theyt were particularly condescending and I hope they are actually thrown out of the Football League and have to start again non league. But probably a way to keep them will be found.
Hubris, guys, hubris. It might take a while but it finds you out eventually.

& I remember all your crowing to us about you being in the premier league, laughing at us almost going out of business, the constant sniping, prejudiced views & remarks etc etc.

But would I love to see you go out of business? No. Wouldn't want to see that happen to anyone.

this

CAFCTrev

FC City of Coventry here we come!

Ormiston_Addick

Very sad news and - given our own parlours finances - completely stupid to be gloating about another teams demise.

If they go out of business then that will have a big effect on an already struggling town.

If it can happen to them then plenty more teams are also vulnerable.

Bryan_Kynsie

Pro football needs to get its house in order and live within its means. It will take liquidations (real ones) to focus the collective mind.

Gloating over the misfortunes of the fans of the clubs affected is not the Charlton way. It could easily have been us and still could be in the future.

nth_london_addick

Sometimes you hate a place a club and its fans to the point you don't care

I don't care if fans gloat if it happend to us

I wouldn't expect anyone bar those connected to charlton to care

East Kent Addick

Bryan_Kynsie said:

Pro football needs to get its house in order and live within its means. It will take liquidations (real ones) to focus the collective mind.

Gloating over the misfortunes of the fans of the clubs affected is not the Charlton way. It could easily have been us and still could be in the future.

Agreed

Off_it

Ebony and ivory live together in perfect harmony
side by side on my piano keyboard, Oh Lord, why don't we?

I wonder if Paul McCartney has ever been to Cov?

iainment

Sparrows Lane Lion said:

iainment said:

Ha, I'm not sorry for them at all. I remember their crowing to us about being in the top division for decades, theyt were particularly condescending and I hope they are actually thrown out of the Football League and have to start again non league. But probably a way to keep them will be found.
Hubris, guys, hubris. It might take a while but it finds you out eventually.

& I remember all your crowing to us about you being in the premier league, laughing at us almost going out of business, the constant sniping, prejudiced views & remarks etc etc.

But would I love to see you go out of business? No. Wouldn't want to see that happen to anyone.

I don't think you'll find any crowing anywhere from me about Charlton being in the PL or you going out of business. I just have an extreme disdain for Coventry and their fans because of their attitude to other clubs.

Chris_from_Sidcup

Was their ground move the reason for their troubles or were they in financial sh*te before they left highfield road?

Mendonca In Asdas

Bad news for the fans at the start of the season.

StigThundercock

Not strictly true - part of the group will go into liquidation and the football club will probably get a 15 point deduction.
Football's administrators continue to believe that football is 'different' and serious mis-management of clubs needs not have any real consequences. Companies are not allowed to continue trading past the point they can reasonably carry on paying their bills - the FA and FL believe otherwise and allow basket case clubs like Coventry to blunder on not paying their way, proving yet again that neither is remotely fit for purpose. With 15 point deduction CCFC will of course be relegated to the Conference while continuing to rack up debts that will never be paid - which is against the law.
On the other side of Coventry City's demise is the short-sighted greed of the stadium owners with the unrealistic rent. The local authority has a significant stake in said stadium and I'm sure the local residents will be delighted to see funds for services being ploughed into the ricoh white elephant.

Chris_from_Sidcup

A crazy world when an entire club is going under with debts less than the value of Gareth Bale's left foot

Rizzo

eaststandmike said:

I am surprised at the gloating on here considering our plight in the past and dare I say it what is ahead of us. When things get this bad you have to park the football rivalry to one side and think of the fans, small business's and employee's who will be affected by this mess.

The problem is that whilst the fans and the small business are the ones who suffer when a club goes into administration, the owners walk away with a debt-free business and usually a bargain basement acquisition of all the assets. Rangers assets, for example, were acquired by the new owners for £5.5m. That includes Ibrox, the training ground, some land (ripe for development), the players contracts etc. That just doesn't seem right.

Churchills_butler

They don't own the ground it is at least part council owned. Cov couldn't afford rent. I think it goes back to 2008 and Lee Power. Their manager jumped ship late last season and went to ?? Huddersfield. ?? If SCP does likewise you cam bet we in it as well. Realism. Obviously wages too high in footie land. Eventually players will have to take pay cut or have no employers to work for.

Granpa

Liquidated ? Was it the Mafia ?

Ormiston_Addick

Churchills_butler said:

They don't own the ground it is at least part council owned. Cov couldn't afford rent. I think it goes back to 2008 and Lee Power. Their manager jumped ship late last season and went to ?? Huddersfield. ?? If SCP does likewise you cam bet we in it as well. Realism. Obviously wages too high in footie land. Eventually players will have to take pay cut or have no employers to work for.

The last sentence is bang on the money.

Lincsaddick

vapourised ...

Churchills_butler

Thank you Ormiston. Sadly most fans don't apply economics to footie. And some owners
We can't all be winners but we can l enjoy.

Ormiston_Addick

Churchills_butler said:

Thank you Ormiston. Sadly most fans don't apply economics to footie. And some owners
We can't all be winners but we can l enjoy.

It comes down to rational behaviour, sadly the desperation to succeed and reach the promised land makes so many clubs spend recklessly and in an unsustainable manner.

eaststandmike

Ormiston Addick said:

Churchills_butler said:

Thank you Ormiston. Sadly most fans don't apply economics to footie. And some owners
We can't all be winners but we can l enjoy.

It comes down to rational behaviour, sadly the desperation to succeed and reach the promised land makes so many clubs spend recklessly and in an unsustainable manner.

Exactly, it will all end in tears and sadly us, the fans will have fewer clubs to support and will have to spread ourselves more thinly to go and watched a reasonably priced game of football.

sm

This liquidation of one company to which all the debts have been passed is just a device - when Rangers and Halifax Town were liquidated the new club was relegated 3 divisions - I can see no reason whatsoever why the same treatment should be applied to Coventry City.

Yet again the Football League is applying rules to suit its own purposes rather than applying any principles that might be held by decent people. How Southampton and its billionaire owner can now being enjoying the largesse of the Premiership after not paying its ordinary creditors (the football creditors i.e. the overpaid players who contributed to the club's demise were of course fully protected!) is quite beyond me.

scruffle

I hope they are still allowed to play this weekend. Got Fleetwood to beat them on my accumulator!!

I feel for their fans and surely more evidence football clubs need to be majority owned by the fans and stopped being run as businesses and more like charities/community projects.

nth_london_addick

Cut your cloth accordingly and have the sense to not to chase the dream at the risk of their club

That's why I don't really care if wiggins goes

I am all up for buying players and selling them on to strenghen the squad

Same as developing the youth to sell on as long as we get the best price we can

Its about knowing your audience knowing your market place

We will never need a 40k plus ground we will never be a spurs or arsenal so we never need to chase it

JollyRobin

scruffle said:

I hope they are still allowed to play this weekend. Got Fleetwood to beat them on my accumulator!!

I feel for their fans and surely more evidence football clubs need to be majority owned by the fans and stopped being run as businesses and more like charities/community projects.

The issue isn't that they are being run like businesses, it's that they aren't being run like businesses. Clubs run at a loss because they have to to compete. It's the nature of the market. If everyone around you is operating at a loss in order to achieve their goals (to win games) then you have to as well.

Ideally football teams would be not for profit organisations but that would reduce competition further because teams like Man Utd with massive global exposure could spend their huge sponsorship deals cherry-picking the best players while the rest of us will have to rely solely on free transfers and youth products.

se9addick

nth london addick said:

Cut your cloth accordingly and have the sense to not to chase the dream at the risk of their club

That's why I don't really care if wiggins goes

I am all up for buying players and selling them on to strenghen the squad

Same as developing the youth to sell on as long as we get the best price we can

Its about knowing your audience knowing your market place

We will never need a 40k plus ground we will never be a spurs or arsenal so we never need to chase it

And most (real) Charlton fans would agree with you. We're in it for the long run - if this season doesn't work out we aren't going anywhere else, the only thing that's going to stop our relationship with the club is death.

However, and this isn't specifically aimed at our owners but many across the land, their priorities are different to you and I. They may want to chase the dream, intact most do, that's why they got into it in the first place. And whilst they hold the keys they also hold whether the destiny of the club is to run on the sustainable model you've described or to chase that dream and more likely than not end up another Coventry City.

Oggy Red

JollyRobin said:

Ideally football teams would be not for profit organisations but that would reduce competition further because teams like Man Utd with massive global exposure could spend their huge sponsorship deals cherry-picking the best players while the rest of us will have to rely solely on free transfers and youth products.

I thought Man Utd did that already?

JollyRobin

Oggy Red said:

JollyRobin said:

Ideally football teams would be not for profit organisations but that would reduce competition further because teams like Man Utd with massive global exposure could spend their huge sponsorship deals cherry-picking the best players while the rest of us will have to rely solely on free transfers and youth products.

I thought Man Utd did that already?

Pretty much, although we've seen with Man City that a new multi-billionaire can enter the market, buy a team and then spend their way to the top. Taking away private ownership from football would mean something like that could never happen.

I'm not saying I'm happy about it, it's just a sad incitement of the way things have become in modern football.

DamoNorthStand

I always think about the people who have lost jobs and families affected by this. That is why I would never laugh at any football club going under. At the end of the day, if CAFC folded, we all have lives outside of 11 men running around kicking a ball. But it is the people who rely on the club to live that would be hardest hit.