Lookers_Carl Posted November 14, 2010 Share Posted November 14, 2010 According to BBC http://news.bbc.co.uk/sport1/hi/football/t...wed/9187930.stm Quote Link to comment Share on other sites More sharing options...
LaticsLee Posted November 14, 2010 Share Posted November 14, 2010 good ! they have had so many warnings to get this problem sorted but they still havnt ! its there own fault. Quote Link to comment Share on other sites More sharing options...
opinions4u Posted November 14, 2010 Share Posted November 14, 2010 Is it naughty to think "ooh we'd move up a place if that happened"? Quote Link to comment Share on other sites More sharing options...
LaticsLee Posted November 14, 2010 Share Posted November 14, 2010 Is it naughty to think "ooh we'd move up a place if that happened"? Quote Link to comment Share on other sites More sharing options...
MaskedOwl Posted November 14, 2010 Share Posted November 14, 2010 get jj back Quote Link to comment Share on other sites More sharing options...
EASTLEY Posted November 14, 2010 Share Posted November 14, 2010 And sign Nicky Weaver? Quote Link to comment Share on other sites More sharing options...
DmightyLatics Posted November 14, 2010 Share Posted November 14, 2010 Paul Heffernan? Danny Jones? Quote Link to comment Share on other sites More sharing options...
c.hill12 Posted November 14, 2010 Share Posted November 14, 2010 serves them right. Dropping into this division and thinking they casn buy who the hell they want without facing any consequences. Quote Link to comment Share on other sites More sharing options...
losesome Posted November 14, 2010 Share Posted November 14, 2010 Except for the 10 points it appears to do them more good. No doubt go into liquidation on Wednesday and then sign Ricky Lambert for a £1 Mill on Thursday !!! Oh no that was the other league one superpower Southampton Quote Link to comment Share on other sites More sharing options...
OldhamSheridan Posted November 14, 2010 Share Posted November 14, 2010 serves them right. Dropping into this division and thinking they can buy who the hell they want without facing any consequences. Indeed. Damn them for getting large debts that they can't service. Sorry, what's that? £4.5M? Meh, serves us right. Quote Link to comment Share on other sites More sharing options...
oafc0000 Posted November 14, 2010 Share Posted November 14, 2010 Indeed. Damn them for getting large debts that they can't service. Sorry, what's that? £4.5M? Meh, serves us right. There are more than a few posters on here who have openly supported the idea of spending what we don't have while slagging off the ones who say spend to your means and to that extent if we went under it would serve "us" right.... Quote Link to comment Share on other sites More sharing options...
opinions4u Posted November 14, 2010 Share Posted November 14, 2010 There are more than a few posters on here who have openly supported the idea of spending what we don't have while slagging off the ones who say spend to your means and to that extent if we went under it would serve "us" right.... Oh, it absolutely would serve us right. But if you're going to go in to administration you might as well do it for £23m rather than £4.5m or £500k! (Not the case, of course, if you're a supplier of goods to said football club and end up with 99% of what's owed to you being written off). Quote Link to comment Share on other sites More sharing options...
OldhamSheridan Posted November 14, 2010 Share Posted November 14, 2010 (edited) (Not the case, of course, if you're a supplier of goods to said football club and end up with 99% of what's owed to you being written off). Ooo. The little bit at the end. By supplier of goods, that is a Charity that is continually screwed when providing cheap medical coverage. Local companies who provide us with our general needs. That's before we even get onto robbing the Council and taxpayers blind. The behaviour of football clubs is nothing short of disgraceful. And £23M does make a difference to £450k - it makes a hell of a difference. Edited November 14, 2010 by OldhamSheridan Quote Link to comment Share on other sites More sharing options...
LeylandLatic Posted November 14, 2010 Share Posted November 14, 2010 I don't think our situation and Sheff Weds are all that comparable. We're paying less than competetive wages to our playing staff and using the youth system wherever possible to fill the holes left by our meagre budget. Even so we're still spending more than we bring in and the ongoing (although now being made less and less a priority) maintenance work to keep the stadium at least usable is also a constant burden. The thing is if we cut our budget to come in line with our income, we drop out of this division, income reduces again from both attendance and the FL and we reduce again accordingly possibly with the same result. Wednesday have attendances (without checking) upto 20k? That gives them a more than adequate income in this league to put together a VERY competitive team without making a loss. It's purely bad management that's got them to where they are. We're under constant pressure to maintain our position in this league or we start the slide towards the non league. We sell players when we need to to clear some debts but we're pretty much :censored:ed without a new backer or promotion and a surge in attendances. SheffWed could get out of this division no problem and make a profit in the process, they're situation is ridiculous. Quote Link to comment Share on other sites More sharing options...
Break The Silence Posted November 14, 2010 Share Posted November 14, 2010 Awwwwwwwwwwww, didums! My heart bleeds! That's what you get for living beyond your means..... Quote Link to comment Share on other sites More sharing options...
pinevillawill Posted November 14, 2010 Share Posted November 14, 2010 (edited) It's all well and good mocking Wednesday's demise but some people on here seem to have forgotten our own recent financial problems. Correct me if I'm wrong but weren't we the last club to go into administration and not receive a points deduction? It could've been a hell of a lot worse... Edited November 14, 2010 by excharnwoodlatic Quote Link to comment Share on other sites More sharing options...
Scapegoat Posted November 15, 2010 Share Posted November 15, 2010 Whilst its easy to look from afar and say a club deserves this, and a club deserves that - you should remember that these things punish fans more than anyone else and they (like we with £s issues we've had/have) have little if anything to do with the running of the club. Remember how we felt during the post-CM era? I wouldn't wish that on any genuine football fan. The comment about you might as well go bust for £23m rather than £500k reminded me of a story in the papers a few years ago that looked at the growing number of clubs going through administration. They produced a league table of clubs that had been through the process and ranked them by the % of the original debt that they ended up paying after admin. We topped the table, paying something like 85% of the original debt at the end of it, whilst other clubs were well down (as low as 20% I think). At the time I remember thinking we really are a mickey mouse club, we cannot even go bust properly. But on reflection I thought of two things: 1st is that its potentially local businesses and people that we'd be screwing; 2nd is that the one area that you are not going to be able to negotiate down is tax and football costs (wages, tfrs etc), therefore I'd guess that was where most of our debts were - rather than new stadiums etc. Quote Link to comment Share on other sites More sharing options...
Scapegoat Posted November 15, 2010 Share Posted November 15, 2010 Whilst its easy to look from afar and say a club deserves this, and a club deserves that - you should remember that these things punish fans more than anyone else and they (like we with £s issues we've had/have) have little if anything to do with the running of the club. Remember how we felt during the post-CM era? I wouldn't wish that on any genuine football fan. The comment about you might as well go bust for £23m rather than £500k reminded me of a story in the papers a few years ago that looked at the growing number of clubs going through administration. They produced a league table of clubs that had been through the process and ranked them by the % of the original debt that they ended up paying after admin. We topped the table, paying something like 85% of the original debt at the end of it, whilst other clubs were well down (as low as 20% I think). At the time I remember thinking we really are a mickey mouse club, we cannot even go bust properly. But on reflection I thought of two things: 1st is that its potentially local businesses and people that we'd be screwing; 2nd is that the one area that you are not going to be able to negotiate down is tax and football costs (wages, tfrs etc), therefore I'd guess that was where most of our debts were - rather than new stadiums etc. Quote Link to comment Share on other sites More sharing options...
Tommy_Fent Posted November 15, 2010 Share Posted November 15, 2010 word in Sheffield today is that Nick Clegg is going to save them this time Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted November 15, 2010 Share Posted November 15, 2010 word in Sheffield today is that Nick Clegg is going to save them this time is it true he's promising to scrap admission fees aswell? Quote Link to comment Share on other sites More sharing options...
razza699 Posted November 15, 2010 Share Posted November 15, 2010 get jj back and DJ ! Quote Link to comment Share on other sites More sharing options...
Gaz_Oafc Posted November 15, 2010 Share Posted November 15, 2010 is it true he's promising to scrap admission fees aswell? and then a few weeks later supporting the idea of raising them to higher than they was in the first place? Quote Link to comment Share on other sites More sharing options...
HarryBosch Posted November 15, 2010 Share Posted November 15, 2010 and then a few weeks later supporting the idea of raising them to higher than they was in the first place? as unpopular as it will be it will do nothing but good for the future of Sheff Weds Quote Link to comment Share on other sites More sharing options...
Wozzer Posted November 15, 2010 Share Posted November 15, 2010 word in Sheffield today is that Nick Clegg is going to save them this time Will Cameron be there playing Rod Hull to his emu? Quote Link to comment Share on other sites More sharing options...
opinions4u Posted December 11, 2010 Share Posted December 11, 2010 (edited) Co-op Bank have taken one hell of a hit here. The Co-Operative Bank, who were owed £23m by the Owls, have agreed to sell to Mandaric for just £7m and sever all ties. Edited December 11, 2010 by opinions4u Quote Link to comment Share on other sites More sharing options...
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