One rule for the rich...

[pauld]

Liverpool Echo are reporting that Liverpool will avoid the 9pt penalty for going into administration by having their holding company going into admin and claiming that the football club is unaffected by this:

http://www.liverpoolecho.co.uk/liverpool-news/local-news/2010/10/01/liverpool-fc-safe-from-nine-point-deduction-100252-27377261/

Which is exactly what Southampton tried and rightly were not allowed to do. But then they're not on Sky every week are they?

[Nemo]

Different juristiction- Football League rules on Southampton, Premier League on Liverpool.

Besides, it would be a case of kicking them while they're down.

[Batch]

"..Richard Scudamore."

Why am I not surprised   this fucktard is involved in letting a big club off the hook. Cheats.

[pauld]

Different juristiction- Football League rules on Southampton, Premier League on Liverpool.

I know but this is more about saving the PL's face after the Portsmouth debacle.

Besides, it would be a case of kicking them while they're down.

And? Doesn't bother the FL/FA/PL when it's Luton, Swindon or Portsmouth does it?

[Nemo]

I'm not saying it's right at all, I'm just amused that its come to this at Liverpool.

[pauld]

I'm looking forward to seeing Andronikou taking charge at Man Utd

[Summerof69]

I'm looking forward to seeing Andronikou taking charge at Man Utd

You're not the only one.

[Summerof69]

"..Richard Scudamore."

Why am I not surprised   this fucktard is involved in letting a big club off the hook. Cheats.

TBF the 9 point penalty on Pompey was a waste of space as they were on their way down anyway.

[The_Plagiarist]

Meh
football has been bankrupt for ten years or more, its finally catching up. Good news for everyone.

[pauld]

football has been bankrupt for ten years or more, its finally catching up. Good news for everyone.

Yep, the sooner the PL implodes, the sooner we can get back to having something like a proper sporting competition in English football. Won't happen though, the greedy bastards will always find a way of bailing our their own to keep the gravy train rolling. Like this, for example

[The_Plagiarist]

Yep, the sooner the PL implodes, the sooner we can get back to having something like a proper sporting competition in English football. Won't happen though, the greedy bastards will always find a way of bailing our their own to keep the gravy train rolling. Like this, for example

yeah I can't see it lasting forever though, the reality of the situation is when 90%+ of professional clubs run at a loss there really is only so long it can go on for. Football clubs have never made money but its the sheer scale of the losses today which mean it cannot go on forever. And it will be the 'big clubs' I believe who start the ball rolling.

Thats why when liverpool, or manchester united or whoever it happens to be, finally face up to the reality that they are running an unsustainable business, and do something about it, then the shockwaves will filter down through the pyramid.

Many smaller lower league clubs are trying to make a stand and run as a going concern but until the balance is redressed from the top it will never happen as there will always be a competitor at your level paying better wages than you.

When it does all go tits up presumably Arsenal, Villa, will rule the top division as I believe they have been running as a going concern for years so will be adept at existing in the real world. I thought this year might be arsenals year but it might take a couple more seasons.

English football is fucked until then.

[jonny72]

Not sure I'd read too much in that article. Southampton were convinced they'd avoid the points deduction, they were wrong. If any of Liverpool's businesses goes in to administration and they're not docked points the shit will hit the face, expect a £50m lawsuit to be filed by Portsmouth against the PL within minutes for starters.

Besides, that article doesn't seem to contain too many hard facts and it's most likely someone at Liverpool that is behind it to get the idea out there and see what the reaction is like. Not even sure that Liverpool would have to go in to admin if their bank took them over, I'd imagine there are ways they could avoid it especially as the bank only want to do it to force a sale through.

The Liverpool case is a bit different though, in that their debt was incurred by the owners using the club's money to finance the take over which they couldn't afford themselves. Think the only other club in that position is Man Utd.

[pauld]

That's a good point about the article probably just being a bit of "trying it out in public"  (and quelling the restless natives too I suspect). I still think Scudamore would bend over backwards to avoid another PL club going into admin, especially one like Liverpool, so the idea of an under the counter deal being done to paint it as just some holding co not the club going into admin, hence no issue for the PL and no points deduction, does ring true

[jonny72]

It's looking more and more likely that Liverpool will end up in administration. Whilst they've got a buyer lined up who will cover their debts, Hicks and Gillett and trying to block it as they will get nothing from it and so lose the £140m they've invested of their own money. Unless a deal is agreed by the 15th it's likely that RBS will put them in administration to force the sale through, with the points deduction seemingly guaranteed - no one else seems to be saying they can avoid it.

The one good thing about this is that people like Hicks and Gillett trying to make a quick buck out of a football club are likely to thing long and hard about getting involved in the future, which can only be a good thing.

[Don Rogers Shop]

I don't think that will happen jonny they gave a written undertaking that only broughton could change the board, they wrote that into the articles of the two companies Kop Football and Kop Holdings.

They also gave a written undertaking to RBS that they would not frustrate any reasonable sale. I think they will avoid any trouble