Administration

GodalmingYellow · Post by **GodalmingYellow** » Thu Apr 30, 2009 4:10 pm

I see Stock Pot have gone into administration.

http&#58//news&#46bbc&#46co&#46uk/sport ... 353&#46stm

I wouldn't be at all surprised to see a league club go under this summer.

Paul Cooper · Post by **Paul Cooper** » Thu Apr 30, 2009 4:22 pm

Yes and a few more could well go in to administration making a lottery of the league tables with a number of clubs possibly on minus 10 points.

Anybody know whether Luton finally solved all of their financial problems?

OUFC4eva · Post by **OUFC4eva** » Thu Apr 30, 2009 4:28 pm

Another Supporters Trust run club hits the buffers.

GodalmingYellow · Post by **GodalmingYellow** » Thu Apr 30, 2009 4:31 pm

&quotPaul Cooper&quot wrote:Yes and a few more could well go in to administration making a lottery of the league tables with a number of clubs possibly on minus 10 points.

Anybody know whether Luton finally solved all of their financial problems?

I'm told by a Luton fan that Luton are now secure.

GodalmingYellow · Post by **GodalmingYellow** » Thu Apr 30, 2009 4:36 pm

&quotOUFC4eva&quot wrote:Another Supporters Trust run club hits the buffers.

Stockport are only in existence because their supporters trust saved them from bankruptcy.

This administration has nothing to do with them being owned by their supporters trust. It is to do with a landowner not being prepared to wait 3 days for a debenture to be repaid in full.

At least read the story before replying.

And when you say &quotanother&quot, apart from Bournemouth, which other League Club owned by it's supporters trust has &quothit the buffers&quot as a result of poor trust management?

Mally · Post by **Mally** » Thu Apr 30, 2009 6:39 pm

&quotGodalmingYellow&quot wrote:
&quotOUFC4eva&quot wrote:Another Supporters Trust run club hits the buffers.
Stockport are only in existence because their supporters trust saved them from bankruptcy.

This administration has nothing to do with them being owned by their supporters trust. It is to do with a landowner not being prepared to wait 3 days for a debenture to be repaid in full.

At least read the story before replying.

And when you say &quotanother&quot, apart from Bournemouth, which other League Club owned by it's supporters trust has &quothit the buffers&quot as a result of poor trust management?

Did anybody mention &quotpoor trust management&quot?

OUFC4eva can answer for himself but isn't the point here that once a trust gets involved in running a football club the writing is pretty much on the wall. To keep a football club alive these days you either need to be very rich (relative to the size of the club) and/or very good and experienced at running a business. Unfortunately most trust's are run by neither.

OUFC4eva · Post by **OUFC4eva** » Thu Apr 30, 2009 6:46 pm

Terry - Brentford are around £8m in debt last time I looked.

Notts County are in heaps of trouble off the pitch apparently

boris · Post by **boris** » Thu Apr 30, 2009 6:58 pm

Unless the league is restructured to make a level playing field financially, then Trust-run clubs are always going to have to lower their expectations. I'm surprised that any full-time professional clubs can be maintained by a Trust. AFC Wimbledon are quite right to refrain from going full-time, and even though they're talking about making the switch in a couple of seasons, I don't think that's a sustainable way forward for a Trust. Nothing to do with bad management, just financial reality.

Baboo · Post by **Baboo** » Thu Apr 30, 2009 7:10 pm

Knowing someone who is a Stockport trust member I think the Trust Board did make some naive decisions.

Snake · Post by **Snake** » Fri May 01, 2009 1:23 pm

It strikes me that Stockport have got away with this as the 10 point penalty makes no difference to their promotion or relegation prospects.

Mooro · Post by **Mooro** » Fri May 01, 2009 2:45 pm

&quotGodalmingYellow&quot wrote:I see Stock Pot have gone into administration.

http&#58//news&#46bbc&#46co&#46uk/sport ... 353&#46stm

I wouldn't be at all surprised to see a league club go under this summer.

Neither would I as I cannot believe that Chester will actually finally go down......!

GodalmingYellow · Post by **GodalmingYellow** » Fri May 01, 2009 3:34 pm

&quotMally&quot wrote:
&quotGodalmingYellow&quot wrote:
&quotOUFC4eva&quot wrote:Another Supporters Trust run club hits the buffers.
Stockport are only in existence because their supporters trust saved them from bankruptcy.

This administration has nothing to do with them being owned by their supporters trust. It is to do with a landowner not being prepared to wait 3 days for a debenture to be repaid in full.

At least read the story before replying.

And when you say &quotanother&quot, apart from Bournemouth, which other League Club owned by it's supporters trust has &quothit the buffers&quot as a result of poor trust management?
Did anybody mention &quotpoor trust management&quot?

I think we both know what OUFC4eva was implying.

There are well run clubs and there are badly run clubs. Trust ownership per se does not determine how well run they are. It is the quality of the people involved which determines how well run they are.

GodalmingYellow · Post by **GodalmingYellow** » Fri May 01, 2009 3:35 pm

&quotOUFC4eva&quot wrote:Terry - Brentford are around £8m in debt last time I looked.

Notts County are in heaps of trouble off the pitch apparently

Presumably you have accounts accounts to support these statements. If so a copy would be appreciated.

Ascension Ox · Post by **Ascension Ox** » Fri May 01, 2009 4:31 pm

&quotboris&quot wrote:Unless the league is restructured to make a level playing field financially, then Trust-run clubs are always going to have to lower their expectations. I'm surprised that any full-time professional clubs can be maintained by a Trust. AFC Wimbledon are quite right to refrain from going full-time, and even though they're talking about making the switch in a couple of seasons, I don't think that's a sustainable way forward for a Trust. Nothing to do with bad management, just financial reality.

Simply don't agree. Exeter seem to be doing OK. The 'community owned' model is in fact ahead of the game, especially in view of the current economic conditions. It's all about management quality, that can be found in a Trust just like any other entity!

Anybody got any idea who the biggest community owned club in the world is? Clue, they are in the Chamipons League semi- final.

OUFC4eva · Post by **OUFC4eva** » Fri May 01, 2009 4:48 pm

&quotGodalmingYellow&quot wrote:
&quotOUFC4eva&quot wrote:Terry - Brentford are around £8m in debt last time I looked.

Notts County are in heaps of trouble off the pitch apparently
Presumably you have accounts accounts to support these statements. If so a copy would be appreciated.

Go to the Bees United website. You can download the financials
for Brentford FC there for 2007 and beyond.

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