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carpon · 23-05-2013, 20:05

It may be slightly off at a tangent, but whilst we're talking about sides in debt and "winding up orders", My particular hate is this Adminstration scenario.....

What I don't get....... is that a lot of these sides that go into administration just seem to "magically erase" massive debts.Then within a year or two, along comes a "sugar daddy" who pours in a shedload of money into a now "viable" investment (now all debts are gone) and hey presto.....they start rising the leagues again !!

Bournemouth, Notts County, Rotherham have all escaped our league after being in admin. Now we have Pompey in League 2 who, now they've "cleared" their £60m+ debts will no doubt be up at the top fighting for honours!!!

And in some cases, some of these clubs, have had multiple administration periods!! (I may be wrong & will stand corrected, but I think Bournemouth & Rotherham namely have endured three admin periods each!!!) Bonkers !!

And if you want to talk about revenue in the game, watching an article on T.V. today about the "league of greed" versus the Bundesliga regarding the revenue each league attracts, the "league of greed" won hands down over the German equivalent.....£2.1 BILLION to the English top flight as opposed to the Germans £1.4 BILLION

And as Cashy says....not a lot of that vast fortune filters it's way...away from the fat cats down through the football pyramid to our Level.

23-05-2013, 20:05	#5
carpon Full Member+ Join Date: Jul 2007 Location: The land of REALISM !! Posts: 814 Liked: 253 times Rep Power: 2120	Re: Southend. It may be slightly off at a tangent, but whilst we're talking about sides in debt and "winding up orders", My particular hate is this Adminstration scenario..... What I don't get....... is that a lot of these sides that go into administration just seem to "magically erase" massive debts.Then within a year or two, along comes a "sugar daddy" who pours in a shedload of money into a now "viable" investment (now all debts are gone) and hey presto.....they start rising the leagues again !! Bournemouth, Notts County, Rotherham have all escaped our league after being in admin. Now we have Pompey in League 2 who, now they've "cleared" their £60m+ debts will no doubt be up at the top fighting for honours!!! And in some cases, some of these clubs, have had multiple administration periods!! (I may be wrong & will stand corrected, but I think Bournemouth & Rotherham namely have endured three admin periods each!!!) Bonkers !! And if you want to talk about revenue in the game, watching an article on T.V. today about the "league of greed" versus the Bundesliga regarding the revenue each league attracts, the "league of greed" won hands down over the German equivalent.....£2.1 BILLION to the English top flight as opposed to the Germans £1.4 BILLION And as Cashy says....not a lot of that vast fortune filters it's way...away from the fat cats down through the football pyramid to our Level. __________________ "Once in a while you will stumble upon the truth, but most of us manage to pick ourselves up and hurry along as if nothing happened" - Winston Leonard Spencer Churchill.