Rushden and Diamonds folded last year. A new club was formed by Fans for this season. Before them, Chester City folded in 2010.
The fact is that football at any level is unsustainable financially, it can only be run at a loss. We have Hull City supporters slating our club owners for not spending millions on players, when the club still runs at a loss of 8 million for this season. Player wages eclipse the benefit that an individual can bring to any club. 25k per week for a very average premiership player is just plain stupid. Players do deserve a wage that reflects their ability, but let's face it, if Hull City do get promotion, the money will cascade away from the club instead of into it, all due to the wage demands. To survive after promotion, clubs like City need a sea change in the way that they view the PL. Promotion should not see a massive spend in the transfer period. It should be accepted that we are in the top 26 clubs and yo yoing between the divisions is not a negative. By not over spending the club could be stronger financially but weaker on the pitch. Something has to happen.
and Halifax, Boston. But none of the big boys. Leeds City were dissolved mid-season in 1919 due to "financial irregularities". They may be the one and only team from the top two divisions to go this way. Newton Heath were close. They had a winding up order but were bought out and reformed as Manchester United. I can't think of any others.
Are those the same fans that were boasting about their cup win & Europe a couple of years ago? Success bought with an unsustainable spending spree? It is a shame for true fans but when a big spending chairman / owner gets fed up with his toy and moves on it leaves clubs on a very unstable footing.
WHSmith will be going under soon too, maybe we could get some nice return labels on the cheap (or whatever they sell nowdays)
I could be wrong, but couldn't Pompey be deducted more than 10 points as a result of going into administration for the second time in 2 years? I'm sure there was another club(s) who got something like a 20 point deduction for failing to manage its finances (was it Plymouth?)
I think the ten point automatic deduction for entering administration is fixed, but there can be additional points deductions that can be incurred, based on the manner the administration is exited and no club is allowed to remain in administration for either two successive seasons or eighteen consecutive months. If a person was previously director at a club which was in "administration twice during a five-year period" or at "two different clubs that have each gone into administration in a five-year period" then they would be prevented from becoming the controlling shareholder of a Football League club in the future, though I don't think that applies in this case.
Luton once had a 30point deduction, 10 for irregular agent payments, 20 for not agreeing a CVA within a reasonable period. It was also felt that 3 times in 10 years was taking the Micky.
I agree on Huseklepp and Halford. Both good players who could play in the PL and would not be that expensive.
Luton Town Lost 25 points when they left the Football League. But they were for seperate issues. 10 points for administration and 15 points after Mike Newell admitted shall we say Fiddling. But normally administration is just 10 points or 9 for PL clubs. imo, the penalty for Administration should be Automatic Relegation. 10 points is not enough in some situations.
10 & 15 points. For seperate issues. The League may as well have just relegated them and saved all the angxst.
Luton had 10 points off when they went into administration. The following season they had a total of 30 points off. 10 were for being Duffen's inspiration. They got penalised because payments made to agents weren't correctly recorded in the club's books. We'll have got away with it as a club because the payments from club to agents were all on the books properly, it was then the agents giving backhanders to PD that brought about the legal action. 20 points were related to them coming out of admin. 15 were for not having a CVA in place (the same 15 that Leeds got despite having lost 10 in the season they were relegated) and 5 were for having been in admin 3 times in 10 years. http://news.bbc.co.uk/sport1/hi/football/teams/l/luton_town/7500435.stm For all Pompey's troubles I think this is only the 2nd actual administration so they should avoid the additional 5 points, (unless I'm forgetting it happening last season). That'll mean they get 10 points off this season. If they come out of admin with a CVA in place then that'll be the end of it this time round. If they come out without one then it will depend on timing. Not sure when the deadline is but if they come out before it then the extra 15 would be this season as well. If they came out after the deadline then it would depend where they finished, if they stayed up then the 15 points would be applied this season even if it relegated them. If with the 10 point penalty they were relegated anyway then the 15 would be on next season's total.
