thorpie the sinner Posted 9 March, 2009 Share Posted 9 March, 2009 Probably been covered, but does anyone know the final date for going into admin and only incurring points loss for this season? Cheers Link to comment Share on other sites More sharing options...
Kaiser Soze Posted 9 March, 2009 Share Posted 9 March, 2009 If we need to raise cash I think we should take a leaf out of Darlington's book: http://www.skysports.com/story/0,19528,11662_5018590,00.html Link to comment Share on other sites More sharing options...
Give it to Ron Posted 9 March, 2009 Share Posted 9 March, 2009 I think it was posted its the 16th March......cant find that officially yet Link to comment Share on other sites More sharing options...
Saint Keith Posted 9 March, 2009 Share Posted 9 March, 2009 i think its this thursday or next thursday. dont quote on me on that as im not certain exactly - but it is very close Link to comment Share on other sites More sharing options...
aintforever Posted 9 March, 2009 Share Posted 9 March, 2009 Found this: Under the new regulation any club going into administration after the last Thursday in March would risk having its points deduction carried over into the new season. If a club is relegated on playing performance, the penalty will apply the following season but, if it stays up, the points will count in the current season, meaning it could still be relegated. That would make the 26th deadline day. Link to comment Share on other sites More sharing options...
JohnnyFartPants Posted 9 March, 2009 Share Posted 9 March, 2009 i think its this thursday or next thursday. dont quote on me on that as im not certain exactly - but it is very close I couldn't resist. I have now quoted you on it. Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 9 March, 2009 Author Share Posted 9 March, 2009 cheers fellas Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 9 March, 2009 Share Posted 9 March, 2009 March 26th according to the Echo... http://www.dailyecho.co.uk/sport/4066098.March_deadline_for_administration/ Link to comment Share on other sites More sharing options...
trousers Posted 9 March, 2009 Share Posted 9 March, 2009 Lowe point for Southampton 21-01-09 Southampton's beleaguered chairman Rupert Lowe, who regained a club left in financial meltdown by the chronic mismanagement of the regime that forced him out of office, will have to make a major decision by the third week of March. That is whether to put the club into administration and take the Football League’s 10-point penalty this season. Southampton, whose bank Barclays are threatening to reduce their overdraft facility considerably, have to find extra monies by the end of next month to keep afloat. http://www.dailymail.co.uk/sport/article-1125028/Charles-Sale-Premier-League-turn-Hero-Fund-cash-villain.html Anyone know if we found these "extra monies by the end of (the) month"? (i.e. by end of February) Link to comment Share on other sites More sharing options...
Frank's cousin Posted 9 March, 2009 Share Posted 9 March, 2009 Lowe point for Southampton 21-01-09 Southampton's beleaguered chairman Rupert Lowe, who regained a club left in financial meltdown by the chronic mismanagement of the regime that forced him out of office, will have to make a major decision by the third week of March. That is whether to put the club into administration and take the Football League’s 10-point penalty this season. Southampton, whose bank Barclays are threatening to reduce their overdraft facility considerably, have to find extra monies by the end of next month to keep afloat. http://www.dailymail.co.uk/sport/article-1125028/Charles-Sale-Premier-League-turn-Hero-Fund-cash-villain.html Anyone know if we found these "extra monies by the end of (the) month"? (i.e. by end of February) I guess extra monies can also be 'found' in reductions in spending? Link to comment Share on other sites More sharing options...
trousers Posted 9 March, 2009 Share Posted 9 March, 2009 I guess extra monies can also be 'found' in reductions in spending? Hasn't spending gone up in some parts of the business though...i.e. playing Saga and Skacel week in, week out? Link to comment Share on other sites More sharing options...
Eastcowzer Posted 9 March, 2009 Share Posted 9 March, 2009 I guess extra monies can also be 'found' in reductions in spending? No mention of the Chronic Mismanagement when Pupert was running the show previously, then. ! Link to comment Share on other sites More sharing options...
The Kraken Posted 9 March, 2009 Share Posted 9 March, 2009 No mention of the Chronic Mismanagement when Pupert was running the show previously, then. ! Of course not, the article is written by Charles Sale. Link to comment Share on other sites More sharing options...
ottery st mary Posted 9 March, 2009 Share Posted 9 March, 2009 Our beleaguered Chairman, my arse..nal. Now is that the name given to what Charles and Rupert did at that private school amongst friends. Rupert and buddies blaming everyone else as usual when we all know its Ethel the tea ladies fault for Admin... Link to comment Share on other sites More sharing options...
Window Cleaner Posted 9 March, 2009 Share Posted 9 March, 2009 Probably been covered, but does anyone know the final date for going into admin and only incurring points loss for this season? Cheers The deadline is when it becomes apparent that we cannot stay in the CCC. Until then nothing is going to happen.Even if it means taking a 10 point hit next season because we still have a chance of staying up in the last match of the season.3 million in extra TV money is above all other considerations.They don't give a monkey's about how many STs they sell pre-season. 3 million extra VAT free smackeroos is equivalent to roughly all the STs they sold this season. 268/3x80%/24 million= a lot of extra money,on top of the spin off Sky revenue that we already get. Link to comment Share on other sites More sharing options...
lordswoodsaints Posted 9 March, 2009 Share Posted 9 March, 2009 i think mark dennis mentioned it would have to happen before we play QPR which is this week. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 9 March, 2009 Share Posted 9 March, 2009 i think mark dennis mentioned it would have to happen before we play QPR which is this week. Like he knows anything. I suppose if we lose tomorrow and all the others win it's possible but I don't think it's very likely even then. Link to comment Share on other sites More sharing options...
Weston Saint Posted 9 March, 2009 Share Posted 9 March, 2009 Administration will only happen if and when we are no longer a going concern and without the support of Barclays and the Loan Note Holder. If we enter Administration before Thursday 26th March we suffer 10 points deduction this season. If we enter Administration after that but before the end of the season the 10 points are suspended until the end of the season. If we are in the bottom 3 at that point the 10 points are held over until next season. If we are not in the bottom three the points are then applied. If that then puts us in the bottom 3 we are relegated. If not we stay up but the penalty is not carried forward in these two circumstances. Of course there are other penalties if a CVA is not agreed but I understand the IR payments are up to date as are the players wages. Link to comment Share on other sites More sharing options...
Window Cleaner Posted 9 March, 2009 Share Posted 9 March, 2009 Of course there are other penalties if a CVA is not agreed but I understand the IR payments are up to date as are the players wages. Which is a bit of a victory in itself seemingly. Must be some bloody good money management going on if they're keeping everybody happy on our revenues. Heard anything about anyone stumping up some cash? it's got to be a possibility,can't see how they're managing otherwise. Link to comment Share on other sites More sharing options...
eelpie Posted 9 March, 2009 Share Posted 9 March, 2009 Found this: Under the new regulation any club going into administration after the last Thursday in March would risk having its points deduction carried over into the new season. If a club is relegated on playing performance, the penalty will apply the following season but, if it stays up, the points will count in the current season, meaning it could still be relegated. That would make the 26th deadline day. But would the deadline be immediately we apply for administration, or is there going to be a delay for paperwork, meaning we might miss the deadline if we wait until the last minute? Link to comment Share on other sites More sharing options...
eelpie Posted 9 March, 2009 Share Posted 9 March, 2009 Which is a bit of a victory in itself seemingly. Must be some bloody good money management going on if they're keeping everybody happy on our revenues. Heard anything about anyone stumping up some cash? it's got to be a possibility,can't see how they're managing otherwise. I bought a packet of crisps in the Itchen Saturday last. Link to comment Share on other sites More sharing options...
Weston Saint Posted 9 March, 2009 Share Posted 9 March, 2009 I bought a packet of crisps in the Itchen Saturday last.There you go then, eelpie saves Lowe's skin. Link to comment Share on other sites More sharing options...
saintmatt Posted 9 March, 2009 Share Posted 9 March, 2009 If we need to raise cash I think we should take a leaf out of Darlington's book: http://www.skysports.com/story/0,19528,11662_5018590,00.html did anyone text into that out of interest?i was in a charitable mood,and itd be nice to think that fans from other clubs would help us if/when we face extinction Link to comment Share on other sites More sharing options...
Secret Site Agent Posted 9 March, 2009 Share Posted 9 March, 2009 Probably been covered, but does anyone know the final date for going into admin and only incurring points loss for this season? Cheers It was the 8th March We aint going into admin at the moment, I don't think. And no one on this board knows when we are going into admin, so don't waste your breath please. Lowe and Wilde are playing a very convaluted game at the moment. Link to comment Share on other sites More sharing options...
david in sweden Posted 10 March, 2009 Share Posted 10 March, 2009 Found this: Under the new regulation any club going into administration after the last Thursday in March would risk having its points deduction carried over into the new season. If a club is relegated on playing performance, the penalty will apply the following season but, if it stays up, the points will count in the current season, meaning it could still be relegated. That would make the 26th deadline day. That's 3 games away - after the away game at Blackpool. If we can pick up 10 points by then, then we will (hopefully) move up the table, and avoid the drop, assuming Norwich, Forest and Blackpool continue their slump. If less than 5... then we'd be as good as down already by May. A longer term revival, (say 20-24 points from a poss. 30) means we could still take the 10 point reduction - but still survive in CCC. Link to comment Share on other sites More sharing options...
aintforever Posted 10 March, 2009 Share Posted 10 March, 2009 That's 3 games away - after the away game at Blackpool. If we can pick up 10 points by then, then we will (hopefully) move up the table, and avoid the drop, assuming Norwich, Forest and Blackpool continue their slump. If less than 5... then we'd be as good as down already by May. A longer term revival, (say 20-24 points from a poss. 30) means we could still take the 10 point reduction - but still survive in CCC. I think you can definitely rule admin out unless we are way adrift after the Blackpool game. It cannot be in the interests of the Bank to get us relegated, as long as there is a chance of us staying up there is a much better chance of them getting paid back. Link to comment Share on other sites More sharing options...
CHAPEL END CHARLIE Posted 15 March, 2009 Share Posted 15 March, 2009 Found this interesting comment regarding Admin in The Independent : Being in administration means Darlington are denied the quarterly central payment from the Football League of about £130,000. That money arrives in late April and is vital in helping clubs handle summers without gate receipts. If a League 2 club misses out on £130K then I'd assume a CCC club would lose maybe £300k or so of Football League money . It just shows what a complicated business this Administration malarkey is . Link to comment Share on other sites More sharing options...
sticksaint Posted 15 March, 2009 Share Posted 15 March, 2009 did anyone text into that out of interest?i was in a charitable mood,and itd be nice to think that fans from other clubs would help us if/when we face extinction Yeah i did! Although i did think the money might be better spent helping out saints. Link to comment Share on other sites More sharing options...
Morph Posted 15 March, 2009 Share Posted 15 March, 2009 According to the Independant there is the possibility of 9 Clubs following Darlington, of which we are one : http://www.independent.co.uk/sport/football/news-and-comment/the-last-word-five-clubs-will-follow-us-into-administration-1645305.html And BTW I know absolutely nothing about what is going on in the background ATM. All very quiet from where I sit. Regards Morph Link to comment Share on other sites More sharing options...
Mole Posted 15 March, 2009 Share Posted 15 March, 2009 According to the Independant there is the possibility of 9 Clubs following Darlington, of which we are one : http://www.independent.co.uk/sport/football/news-and-comment/the-last-word-five-clubs-will-follow-us-into-administration-1645305.html And BTW I know absolutely nothing about what is going on in the background ATM. All very quiet from where I sit. Regards Morph It says the cut-off day is Tuesday week - 24th March? I hope we take the penalty this season and start next year in League 1 without a 10 point deduction. Link to comment Share on other sites More sharing options...
trousers Posted 15 March, 2009 Share Posted 15 March, 2009 According to the Independant there is the possibility of 9 Clubs following Darlington, of which we are one : http://www.independent.co.uk/sport/football/news-and-comment/the-last-word-five-clubs-will-follow-us-into-administration-1645305.html cheers Morph. Have cut and pasted the article below too so that we can quote from it if needs be.... The Last Word: 'Five clubs will follow us into administration' Dire forecasts from Darlington as even high-profile outfits like Southampton consider 10-point penalty By Michael Walker Sunday, 15 March 2009 It was the sort of night to make you question your existence. It was not simply the sheets of Siberian wind and rain sweeping westwards down ill-lit Neasham Road that battered the strugglers, there was also the burden of pilgrimage. Neasham Road is the too-long artery that connects Darlington town centre to a 25,000-seater white elephant stadium that has been home to Darlington FC since 2003. There has never been a human flow along it, more a trickle, and that is a major reason why, 12 days ago, for the visit of Notts County, the Darlington match programme had a new red stripe on its cover. "Admin special," it read. This was Darlington's first home game since the club were placed in administration the previous week. News that the club were in the red did not come out of the blue, but administration did. Darlington have been in administration before, as recently as 2004, but this latest development was unforeseen, and the subsequent rumour compounded the shock: it was that by the third Thursday of March as many as nine Football League clubs would follow. Darlington rarely set trends, but after Notts County had been beaten 1-0 in front of 2,450 hardy souls the talented but world-weary manager, Dave Penney, spoke about the bigger picture. "I've had contact from people not just in this division, but the division above," Penney said. "There's a cut-off date, 26 March, and I know a lot of clubs that are close to administration. From talking to people, we might be the first but we won't be the last. I'd say five will go this year." From nine to five: that reduction supports the theory that some observers are prone to exaggerate the economic state of Leagues One and Two. Patrick Nelson, the chief executive of Macclesfield, made a key point that, with the vast majority of players on one-year contracts at this level, and with player wages the largest club expense, "each summer offers the chance to reset the compass, to adjust. You can be prudent. We will be". On Tuesday night, with Liverpool and Chelsea both live on ITV, Macclesfield's game against Accrington Stanley was marketed as "Credit Crunch Tuesday". Tickets were £5 and 1,800 attended, when Nelson feared it might otherwise have been half that. The significance of the "third Thursday of March" is also disputed. It is a date set by the Football League by which clubs considering administration must enter if they are to take the 10-point deduction this season. Cheltenham Town, said to be on the brink financially, are bottom of League One, 16 points off safety. They look certain to be relegated so 10 points would make little difference but, if Cheltenham were to enter administration after that Thursday, the 10 points would apply to next season. Cheltenham would begin 2009-10 on minus 10 points and in administration. That would concern prospective purchasers. But for a club on the cusp of relegation, and in financial trouble – Southampton in the Championship, for example – Thursday week is a date of resonance. If Southampton move into administration after Thursday week, and stay up, then the 10-point deduction will be applied in May regardless. That could relegate them post-survival. If Southampton move into administration after Thursday week, and go down anyway, then the 10 points will apply next season. Administration cannot be viewed in bureaucratic terms, even though some think it is part of a business process; that while it spells the end of one era, it signals a new beginning. David Hinchliffe, of the Leeds firm Walker-Morris, sees it differently. Hinchliffe is one of the administrators at Darlington. It is his "16th or 17th" experience of insolvent football clubs. "There is an acceptance," he says, "that all clubs in administration are going to survive. But maybe quite a few won't." Darlington would not have, he says, but for £300,000 pledged by the owner, George Houghton, to see them through this period. Otherwise a club founded in 1883 would have folded in 2009. They still might. Being in administration means Darlington are denied the quarterly central payment from the Football League of about £130,000. That money arrives in late April and is vital in helping clubs handle summers without gate receipts. Hinchliffe is not keen on melodrama. His priority is the nitty-gritty. The Darlington programme lost £2,000 an issue; no longer, its production has been outsourced. He is hopeful for Darlington, because of the willingness of staff to take a 50 per cent wage deferral; he was in talks with an interested party in Sheffield on Thursday. But Hinchliffe's general wariness chimes with John Beech's. Beech, from Coventry University's Centre for the International Business of Sport, has been researching insolvency in English football and spoke of "some form of insolvency at more than half the clubs in Leagues One and Two. I'll eat my hat if no one goes into administration in the next week". Another voice, who wishes to remain anonymous, says that a League Two club will fold "this season" and will not be able to fulfil their fixtures. Questioning existence again. Yet set against these warnings is the experience of the past 125 years. Lower-League clubs just keep going. In case you were watching Manchester United and Liverpool, League Two Grimsby Town took 12 busloads of fans to Chester City yesterday. For 90th versus 91st. Link to comment Share on other sites More sharing options...
trousers Posted 16 March, 2009 Share Posted 16 March, 2009 I went to all that trouble to copy & paste the above article, and paint in pretty colours....and for what? Sweet Fanny Adams, that's what. We ought to be careful the apathy on this forum doesn't rub off on the team.... Edit: nice to see 'fanny' isn't blocked (so to speak) Link to comment Share on other sites More sharing options...
Whitey Grandad Posted 16 March, 2009 Share Posted 16 March, 2009 I went to all that trouble to copy & paste the above article, and paint in pretty colours....and for what? Sweet Fanny Adams, that's what. We ought to be careful the apathy on this forum doesn't rub off on the team.... Edit: nice to see 'fanny' isn't blocked (so to speak) Thank you for all your efforts. I'm still reading through it so it may be some time before I post a response. Link to comment Share on other sites More sharing options...
lenwilkins Posted 16 March, 2009 Share Posted 16 March, 2009 Administration will only happen if and when we are no longer a going concern and without the support of Barclays and the Loan Note Holder. If we enter Administration before Thursday 26th March we suffer 10 points deduction this season. If we enter Administration after that but before the end of the season the 10 points are suspended until the end of the season. If we are in the bottom 3 at that point the 10 points are held over until next season. If we are not in the bottom three the points are then applied. If that then puts us in the bottom 3 we are relegated. If not we stay up but the penalty is not carried forward in these two circumstances. Of course there are other penalties if a CVA is not agreed but I understand the IR payments are up to date as are the players wages. Nice clear explanation. I hope the club are also putting money in the piggy bank for the quarterly VAT payments which I imagine are quite significant amounts. Link to comment Share on other sites More sharing options...
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