The "it could actually be worse" thread ....

[Red Frog]

This guy is crackers:

https://www.bwfc.co.uk/news/2019/april/a-note-from-the-chairman/

[Nev]Utmost, it's utmost[/Nev]

[RedRag]

Bury.  Points deduction?  STFC needs to keep on going to the end of the road.

[pauld]

Macclesfield joining in the not paying wages fun:

https://www.bbc.co.uk/sport/football/47794984

TBF the best manager in the known universe can't come cheap, everyone needs to make sacrifices

[tans]

Yet another winding up order down the road

[Power to people]

Coventry talking to clubs about a groundshare for next season

[Audrey]

Yet another winding up order down the road

‘5 in a row, it’s 5 in a row
It’s Oxford United
They’re going to blow’

Maybe this doesn’t help

http://www.thefa.com/-/media/files/thefaportal/governance-docs/agents/intermediaries/intermediary-fees---1-february-2018-to-31-january-2019.ashx

[pauld]

‘5 in a row, it’s 5 in a row
It’s Oxford United
They’re going to blow’

Yet again, following in our wake. Winding-up orders, not paying players, financial chaos, honestly guys, this stuff is just so 2007

[Flashheart]

It makes a welcome change to see others having these problems and not us. Let's hope we can throw a promotion in the mix as well.

[RobertT]

One can only guess that laundering money from foreign shores is a tricky business.

[Reg Smeeton]

‘5 in a row, it’s 5 in a row
It’s Oxford United
They’re going to blow’

Maybe this doesn’t help

http://www.thefa.com/-/media/files/thefaportal/governance-docs/agents/intermediaries/intermediary-fees---1-february-2018-to-31-january-2019.ashx

Always interesting to read these figures.... only 5 teams in Div 4 with a smaller spend than us.... Morecambe, Macc, Exeter, Crewe and surprisingly Bury.  Further, again unsurprisingly only Accy in Div 3

If you take the numbers as a rough guide to budgets, then  we've done reasonably well to get a mid table Div 4 perch this season.   Morecambe and Macc you'd expect to be 2 of the lower spending outfits, and Crewe with their emphasis on spending on their academy is no surprise. Exeter are Trust run and similarly like to bring through their own.  Bury though seem to have players who you've heard of who you'd expect a spend on.... maybe they got them all last season and so didn't recruit much in the summer  

[Audrey]

So what’s the usual outcome for clubs accumulating winding up petitions?

Southend have clocked up loads and seemingly use late paying as normal.

You’d think that once a club has got into this state it’s really only a change of ownership that can get them out of the mire.

[RobertT]

The only real impact is on obtaining lines of credit.  So long as you pay off the debt and avid being actually Wound-up, then you are good to go.  The financial impact long term is a constant raising of funds to clear short term debt, and as your lines of credit narrow, those loans tend to be from less financially viable options.  In our case, the banks withdrew all overdraft facilities for example, back the SSW period.  Bury likely will avoid theirs because it looks like they went to a Bridging loan specialist - doubt that comes with a 1% interest rate.  Oxford are channeling money in from outside of the UK, which is why they keep hitting road blocks as it is likely checked for dodgy origins.  Bolton can;t even fund the debt clearance and have had to rely on a sale being agreed to another dodgy owner, that the EFL have previously banned but seem likely to accept as the lesser evil vs. liquidation.  As you continue in that spiral, other creditors get squeezed - eventually the only real way out is new revenue, selling the business or getting some sort of agreements from Creditors to reduce the debts, possibly through giving equity.  As football clubs are a bit special, people tend to give them more rope.

[Sir Cliff Pipehard]

Some of the "Power out" pricks need to take a long look at this thread.

Shame about the Piss stains,mind.
Always upsetting to see a plucky little non-league side struggle after doing so well to get to league 1

[pauld]

Shame about the Piss stains,mind.
Always upsetting to see a plucky little non-league side struggle after doing so well to get to league 1

[Power to people]

Notts County on the verge of a takeover with an offer being accepted