good point, i was one of many who bought in to the happy clappy mood of buying previously great players. they proved to be past it and it was money down the drain. the difference with pompey and us though is that creditors will receive 100%, their creditors have been waiting a few years, and they will get 4% if that. i agree the fans are partly to blame. i remember i came on here in january and said swansea should spend £10m on players this window, dai said norwich and wigan would spend at least £15m . i would be disappointed if we sold players and spent the money on shoestring replacements and reducing debts, but really i should be happy that the club is in good financial health..
Watched Portsmouth's " rise to the Premier and was reasonably happy as I like most the coast teams . Funny how all the Championship teams aim for the Premier League & for the financial benefit that it brings . Then when they make it & eventually get relegated , this financial meltdown happens quite a bit . Getting to the Premier League these days has less to do with keeping up with the financial " Jones's " & buying big name players , as it does with strengthening the club's foundation from the ground up on many levels .
Swamp: "the difference with pompey and us though is that creditors will receive 100%, their creditors have been waiting a few years, and they will get 4% if that." But the law allows for that. Sometimes a debtor is able to come to an informal arrangement and everyone's a winner, sometimes admin is the only way. That's life. That's business. May not be morally right but that's just the way it is. When any supplier has provided services or goods to the likes of Pompey who have a bad track record for years they know the risks.
If Portsmouth fail other clubs will still carry on spending like crazy. It's the fans that I feel most sorry for, as the players will just move on to other clubs. But in general football fans have to accept a lot of the blame if their club goes bust. It is often the fans who demanding that clubs spend exorbitant amounts on players. Just look at this forum. Many Swans fans want to recklessly gamble with the clubs future. We are luck to have such a good board and I think their ideas have also filtered down to a lot of the fans. So from the point of view of most clubs, perhaps our fans understand spending constraints a bit. I think most fans don't really believe that their club will go out of business, especially a high-profile club. But it need a club to fold in order to educate other fans. Portsmouth is just one club. Southampton is just down the road, so it's not like the fans won't have a team to support. Nor straightaway, but the youngsters will happily support Southampton and Portsmouth FC will become distant memory. If Swans had folded many year ago, many fans in West Wales would now be supporting Cardiff.
I gree that it is the fans who suffer, but to think we are that fickle.....Codswallop, and I think Wimbledon FC would agee with me. Some things run deeper others and I think you forget the many people like myself who have been loyal throughout some scary times. Are you Sam Hamman in disguise?
LOL. I didn't mean you would support Cardiff. LOL again. I meant if the Swans disappeared then babies being born now wouldn't know anything about the Swans. They would naturally gravitate to supporting Cardiff. Just like people from other owns in Wales support Swansea and Cardiff. Many teams have disappeared in the past and the people who live in those areas now support teams from nearby towns. If Llanelli was in the Premier League, then they'd now be saying that a Llanelli person would never support the Swans. But the fact is that they do. If Swans didn't have a team, then people would support the nearest team (Cardiff), because there wouldn't be any rivalry. There's no rivalry between Llanelli and Swansea, because they don'r have a team in the Football League. If Swans didn't have a team, then there wouldn't be any Cardiff-Swansea rivalry. Applies to all teams, not just Swans/Cardiff. Take a look back at history and also areas where current teams get their support from - often nearby towns without football teams.
From a selfish point of view, I would like to see some clubs go to the wall, specifically those who deliberately failed to curb their spending in a reckless bid to buy success. The knock on effect is that other clubs tried to match them which resulted in huge transfer fees and hugely inflated salaries for mercenary players of average ability. And guess who ultimately picks up the bill for all this? We the fans. And it is the fans who suffer when their club goes through, not the players who move on to another club and another fat pay cheque. It is about time that we had a more level playing field where honest and properly run clubs like Swansea are not penalised for being financially responsible. So, as far as I'm concerned, let these "idiot" clubs fail - the more the merrier - and get some sanity back into our game. The fans of these clubs? Yes, I would feel genuinely sorry for them but in many cases it is these very fans who are to blame for clamouring for a "big name signing" whenever their team goes two games without a win.
I woul feel sorry for the fans, but the club has been run by some bad eggs and corrupt people. This includes Harry Redknap, as a club they should have some punishment.
