SaintRichmond Posted 24 February, 2009 Share Posted 24 February, 2009 A) Wotte continues to turn things round, and we climb out of the Bottom Three B) Barclays pull the plug, and we go into Admin, with a Ten point Penalty C) We are therefore comprehensively Stuffed Could this happen ?? Will this happen ?? Link to comment Share on other sites More sharing options...
eelpie Posted 24 February, 2009 Share Posted 24 February, 2009 A) Wotte continues to turn things round, and we climb out of the Bottom Three B) Barclays pull the plug, and we go into Admin, with a Ten point Penalty C) We are therefore comprehensively Stuffed Could this happen ?? Will this happen ?? Could. Even ITK's don't know. Link to comment Share on other sites More sharing options...
Rational Rich Posted 24 February, 2009 Share Posted 24 February, 2009 It would be a brave bank who did that, what with all the negative PR it would create across the football community (other than a few square miles in East Hampshire), given Barclays heavy involvement with football. Also, if we pull clear, there is more chance of them getting their money back from us continuing to trade (maybe even successfully, resulting in increased gates and possibly the premiership), so whilst they technically could (assuming we can't repay them immediately) the likelihood is that they won't. Link to comment Share on other sites More sharing options...
alpine_saint Posted 24 February, 2009 Share Posted 24 February, 2009 It would be a brave bank who did that, what with all the negative PR it would create across the football community (other than a few square miles in East Hampshire), given Barclays heavy involvement with football. Also, if we pull clear, there is more chance of them getting their money back from us continuing to trade (maybe even successfully, resulting in increased gates and possibly the premiership), so whilst they technically could (assuming we can't repay them immediately) the likelihood is that they won't. Reckon your second paragraph is more important than the first. Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 24 February, 2009 Share Posted 24 February, 2009 It would be a brave bank who did that, what with all the negative PR it would create across the football community (other than a few square miles in East Hampshire), given Barclays heavy involvement with football. Also, if we pull clear, there is more chance of them getting their money back from us continuing to trade (maybe even successfully, resulting in increased gates and possibly the premiership), so whilst they technically could (assuming we can't repay them immediately) the likelihood is that they won't. Just a thought, but what if the bank gave their continued support for now, but those in charge put us into Admin voluntarily? Link to comment Share on other sites More sharing options...
Badger Posted 24 February, 2009 Share Posted 24 February, 2009 Could. Even ITK's don't know. I am one of the many IDK's (to make a new label). Link to comment Share on other sites More sharing options...
Rational Rich Posted 24 February, 2009 Share Posted 24 February, 2009 Just a thought' date=' but what if the bank gave their continued support for now, but those in charge put us into Admin voluntarily?[/quote'] Then we'd be in administration, 10 points down, fire sale and everything else that comes with it. Link to comment Share on other sites More sharing options...
sidthesquid Posted 24 February, 2009 Share Posted 24 February, 2009 Not very likely either Link to comment Share on other sites More sharing options...
St Landrew Posted 24 February, 2009 Share Posted 24 February, 2009 A) Wotte continues to turn things round, and we climb out of the Bottom Three B) Barclays pull the plug, and we go into Admin, with a Ten point Penalty C) We are therefore comprehensively Stuffed Could this happen ?? Will this happen ?? Entirely possible IMO. Putting away any sensible hat I might be wearing. This is Saints after all, and almost every decision in the past 5 years has seen the club sink lower [Possibly a clue in the last word]. Putting the sensible hat back on, I think Barclays will let SFC live on while there's hope. Either that or a Jumbo Jet falls out of the sky and hits the stadium. Well it's your scenario index. Link to comment Share on other sites More sharing options...
Saint Martini Posted 24 February, 2009 Share Posted 24 February, 2009 I thought we missed the deadline for the 10-point penalty? SO wouldn't that mean that even if we would go into admin now we would only get penalized for that next season? Which means that we will manage to survive this season and if we continue the form that was required to pull clear then we might even have a chance of being safe with the 10-point penalty next season. Link to comment Share on other sites More sharing options...
The Incongruous Monk Posted 24 February, 2009 Share Posted 24 February, 2009 I thought we missed the deadline for the 10-point penalty? SO wouldn't that mean that even if we would go into admin now we would only get penalized for that next season? Which means that we will manage to survive this season and if we continue the form that was required to pull clear then we might even have a chance of being safe with the 10-point penalty next season. The deadline is the 3rd week in March. So a few weeks left... Link to comment Share on other sites More sharing options...
rallyboy Posted 24 February, 2009 Share Posted 24 February, 2009 So administration after the deadline would be punishment-free until next season?...is that correct? If that is the case then we have a new masterplan - scrape out of the bottom three, have a summer firesale and restructure, scrape enough together next season fuelled by big crowds and overcome the ten point penalty - job done, ready for a promotion season in 2010/11. What could be simpler?....other than brain surgery or astro-physics. Link to comment Share on other sites More sharing options...
slickmick Posted 24 February, 2009 Share Posted 24 February, 2009 So administration after the deadline would be punishment-free until next season?...is that correct? If that is the case then we have a new masterplan - scrape out of the bottom three, have a summer firesale and restructure, scrape enough together next season fuelled by big crowds and overcome the ten point penalty - job done, ready for a promotion season in 2010/11. What could be simpler?....other than brain surgery or astro-physics. I thought the way it worked was -10 points this season and -10 points next season if it was after the March date. Link to comment Share on other sites More sharing options...
saintjay77 Posted 24 February, 2009 Share Posted 24 February, 2009 So administration after the deadline would be punishment-free until next season?...is that correct? If that is the case then we have a new masterplan - scrape out of the bottom three, have a summer firesale and restructure, scrape enough together next season fuelled by big crowds and overcome the ten point penalty - job done, ready for a promotion season in 2010/11. What could be simpler?....other than brain surgery or astro-physics. No I think we get a point penalty this year and another one next year. It stops clubs waiting till they are down anyway taking admin and therefor the points deduction is worthless and it also get those that take admin before tetey are down anyway and puts them down. Link to comment Share on other sites More sharing options...
saintjay77 Posted 24 February, 2009 Share Posted 24 February, 2009 I thought the way it worked was -10 points this season and -10 points next season if it was after the March date. Leeds got hit with 15 in the next season didnt they? Link to comment Share on other sites More sharing options...
slickmick Posted 24 February, 2009 Share Posted 24 February, 2009 Leeds got hit with 15 in the next season didnt they? They did, but under circumstances that I'm sure someone else can explain better than me. Link to comment Share on other sites More sharing options...
lordswoodsaints Posted 24 February, 2009 Share Posted 24 February, 2009 barclays will not pull the plug on any football club,the sponsors of the premier league cannot be seen to be destroying a 'down on its luck' football club for the sake of a few mil. there are more than enough assets at the club (players,real estate) to cover there money if need be and the bank has had a good working relationship for many years with SFC so i doubt very much they would be willing to stick the knife in. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 24 February, 2009 Share Posted 24 February, 2009 They did, but under circumstances that I'm sure someone else can explain better than me. It all comes down to irregularities coming out of Administration in Leeds case. Some get an additional hit because they're regular customers into Administration (think that was Bournemouth) For Luton it was financial irregularities. It changes from case to case.Only the original 10 points is a nailed on cert, after that depends on how quickly you can get out of admin and if you can find a CVA with all creditors. HM C+E don't go for that now because they don't hold with all football creditors being paid in full and them getting crumbs from what's left. Link to comment Share on other sites More sharing options...
Delmary Posted 24 February, 2009 Share Posted 24 February, 2009 (edited) No I think we get a point penalty this year and another one next year. It stops clubs waiting till they are down anyway taking admin and therefor the points deduction is worthless and it also get those that take admin before tetey are down anyway and puts them down.If we go into administration before the 3rd week in March then we'll take the hit this season. Football League Insolvency Policy states that football clubs must exit administration having paid off “football creditors” in full and by way of a Company Voluntary Arrangement (“CVA”). If we breach this rule then a further points penalty is likely. Going into administration after 3rd week of March would mean a points penalty this season and next. Edited 24 February, 2009 by Delmary Deleted incorrect info. Link to comment Share on other sites More sharing options...
saintjay77 Posted 24 February, 2009 Share Posted 24 February, 2009 If we go into administration before the 3rd week in March then we'll take the hit this season. However, if we remain in administration when the new season fixtures are released (???) then I believe we would be hit with fresh points penalty for the start of 09/10 season. Going into administration after 3rd week of March would mean a points penalty this season and next. Thats the bit I was answering the question too. Link to comment Share on other sites More sharing options...
Cricketphilly Posted 25 February, 2009 Share Posted 25 February, 2009 Can't we be nationalised? Link to comment Share on other sites More sharing options...
londonsaint1604 Posted 25 February, 2009 Share Posted 25 February, 2009 Could this happen ?? Will this happen ?? It could happen !! Only time will tell !! Link to comment Share on other sites More sharing options...
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