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Is administration so bad?

ross1
ross1 Posts: 51,074
in General Charlton
When you look at the Premier league with teams like, Leicester, Southampton, Palace, who all went into administration in the recent past, perhaps we would have been better off than get in RD to kill the club

Comments

  • Six-a-bag-of-nuts
    Six-a-bag-of-nuts Posts: 8,141
    Only if there is another owner prepared to pick up the mantle.
    Otherwise it's kaput
  • Henry Irving
    Henry Irving Posts: 85,354
    Again?

    Ask Portsmouth or Coventry fans

    And there is no reason for RD to put us into administration. It doesn't help profit him or remove any burden.
  • RodneyCharltonTrotta
    RodneyCharltonTrotta Posts: 14,838
    If you're happy to shaft a load of small local businesses, St John's Ambulance, suppliers and other such creditors.

    Club's that go into admin should be ashamed. It's not a magic pill.
  • RodneyCharltonTrotta
    RodneyCharltonTrotta Posts: 14,838
    edited December 2015
    Found this on another thread... http://195.171.95.190/portal/ice/finalReports/10620101156531.pdf

    Funny how soccer saturday and all the media tossing themselves silly over palace don't mention that they completely screwed over the likes of laundry companies etc material amounts. Scumbag move and should repay all debts when they come out of admin any club that does it.

    Page 78 shows a list of who was owed what when they were under administration.
  • floydroadfaithfull
    floydroadfaithfull Posts: 4,778
    Simple
    Go into administration you should start back at the bottom or pay back all ur debts
    Bet a few small companies went under because of it
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,669
    Yeah it dispicable. That's the free market for you though.
  • Kap10
    Kap10 Posts: 15,612
    Even before Palace, I believed there should be a five year rule, linking to the Premier League licence. Any club that has been in administration should pay back all small businesses on gaining promotion to the Premier League. Currently it is immoral.
  • stevexreeve
    stevexreeve Posts: 1,400
    I'd prefer the club to fold completely and start again in the National League or lower if necessary.
  • hoof_it_up_to_benty
    hoof_it_up_to_benty Posts: 22,508
    I just want this bunch of clowns to leave the club before they destroy it - when will this nightmare end
  • stonemuse
    stonemuse Posts: 34,103
    Kap10 said:

    Even before Palace, I believed there should be a five year rule, linking to the Premier League licence. Any club that has been in administration should pay back all small businesses on gaining promotion to the Premier League. Currently it is immoral.

    too right mate

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  • se9addick
    se9addick Posts: 32,114
    No thanks
  • cblock
    cblock Posts: 1,963
    Depends on your morals
  • ross1
    ross1 Posts: 51,074
    When I started this thread, I put the emphasis on clubs who have done it and now are successful, it did not mean it is right, and has said before other innocent people lose out, which cannot be right
  • se9addick
    se9addick Posts: 32,114
    ross1 said:

    When I started this thread, I put the emphasis on clubs who have done it and now are successful, it did not mean it is right, and has said before other innocent people lose out, which cannot be right

    So surely you've answered your own question then, it is that bad isn't it.
  • Godstone
    Godstone Posts: 700
    Kap10 said:

    Even before Palace, I believed there should be a five year rule, linking to the Premier League licence. Any club that has been in administration should pay back all small businesses on gaining promotion to the Premier League. Currently it is immoral.

    With the money Palace are making they should do the decent thing whether they have to or not.
  • ross1
    ross1 Posts: 51,074
    se9addick said:

    ross1 said:

    When I started this thread, I put the emphasis on clubs who have done it and now are successful, it did not mean it is right, and has said before other innocent people lose out, which cannot be right

    So surely you've answered your own question then, it is that bad isn't it.
    se9addick said:

    ross1 said:

    When I started this thread, I put the emphasis on clubs who have done it and now are successful, it did not mean it is right, and has said before other innocent people lose out, which cannot be right

    So surely you've answered your own question then, it is that bad isn't it.
    Definitely
  • Dansk_Red
    Dansk_Red Posts: 5,735
    Would RD sell the football club but retain ownership of the Valley and SL? and lease them back.
  • iainambler
    iainambler Posts: 965
    RodneyCharltonTrotta said:

    Found this on another thread... http://195.171.95.190/portal/ice/finalReports/10620101156531.pdf

    Funny how soccer saturday and all the media tossing themselves silly over palace don't mention that they completely screwed over the likes of laundry companies etc material amounts. Scumbag move and should repay all debts when they come out of admin any club that does it.

    Page 78 shows a list of who was owed what when they were under administration.

    Interesting read. I counted 9 football clubs (including ourselves with £200k) as being creditors - and the likes of the Met Police, London Ambulance Service too. Add in the many businesses (a lot of which will be small companies, not faceless bureaucracies) and also a fair number of individual (who could be sole traders) concerned and it's no laughing matter. The knock-on effects of things like this are not great and the hurt and pain is spread widely.

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