Topic: ICT going into administration? |
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21. Author: shellypar Date: Fri 4th Oct 2024. 11:32 saltonsgonagetu, Fri 4 Oct 10:09 As much as it is bad i`d rather sort my own teams issues out first imo, as selfish as that may sound COYP Reply |
22. Author: jake89 Date: Fri 4th Oct 2024. 12:28 shellypar, Fri 4 Oct 11:32 I agree. I`d really like it we had a "fund" somewhere people could contribute towards in case we need fans to step in. Easier to do this ahead of time than an urgent rush. Reply |
23. Author: saltonsgonagetu Date: Fri 4th Oct 2024. 16:44 https://www.gofundme.com/f/inverness-caledonian-thistle-fc Link for Inverness caley go fund me page . Reply |
24. Author: pars4life1 Date: Fri 4th Oct 2024. 16:57 Throwing money down a well paying into that. We all know that administration is a horrendous process, but it does serve a purpose once businesses have hit the ****, not only in debt but current unfavourable contracts(caleys kit deal commits them to spend £125k a season for example). From what I`ve read unless the magic money tree starts to blossom soon then admin is actually the best option for Caley. Just like us it will be a good day that someone has taken on their case, administrators don`t take on cases they can`t win, they need to make sure it pays them for a start. Reply |
25. Author: Stanza Date: Fri 4th Oct 2024. 17:13 Administration may be the only option for a struggling football club, but the consequences reach out into the community, with individuals losing their jobs and local traders not being paid for work they have done. As was seen at DAFC, when it happens it takes years, and a lot of hard work by the club`s senior management, to restore a local community`s belief that the club can be relied upon to honour its contracts. _________________ Support Dunfermline Athletic Disabled Supporters` Club (DADSC) when you shop online with one of 8000 firms: http://www.easyfundraising.org.uk/causes/dadsc[ Reply |
26. Author: veteraneastender Date: Fri 4th Oct 2024. 18:19 "Just like us it will be a good day that someone has taken on their case, administrators don`t take on cases they can`t win, they need to make sure it pays them for a start." Administrators are like civil case lawyers - they`ll get their professional services fees regardless. The rest involved are losers, especially the local businesses etc. who are financially shafted. Post Edited (Fri 04 Oct 18:21) Reply |
27. Author: saltonsgonagetu Date: Fri 4th Oct 2024. 19:23 pars4life1, Fri 4 Oct 16:57 Who`s to say it will stop at administration, not all company`s may take the Administrators offer , liquidation could soon follow Reply |
28. Author: DunfyDave Date: Sat 5th Oct 2024. 13:16 veteraneastender, Fri 4 Oct 18:19 ^^^^ Totally this I supply and service many hotels and restaurants and have had countless Administrator letters over the past 20 years informing me of their clients predicament and listing their fees. Sometimes over £1,000 per hour for Director level. They always get paid first. DunfyDave Reply |
29. Author: veteraneastender Date: Sat 5th Oct 2024. 15:14 When businesses are owed money from a defaulting football club they will likely demand payment upfront for future goods and services. When DAFC went into administration I heard that certain suppliers would only accept such an arrangement - who could blame them ? Reply |
30. Author: Indiapar Date: Sun 6th Oct 2024. 15:38 I think any SPFL club going into administration is a warning shot for the game. Nobody benefits from any club going under. I am sure there are a number of clubs struggling financially. That leads me to wonder if a new football model is needed in Scotland. Quite what that is, is another question. Reply |
31. Author: d3monstrate Date: Sun 6th Oct 2024. 19:08 Things should have significantly changed when Rangers went under, but didn`t... Nothing is going to change for diddy teams going bust Post Edited (Sun 06 Oct 19:28) Reply |
32. Author: veteraneastender Date: Sun 6th Oct 2024. 19:18 "I think any SPFL club going into administration is a warning shot for the game." There`s been no shortage of previous examples - Dundee have done it twice. Reply |
33. Author: McCaig`s Tower Date: Sun 6th Oct 2024. 19:47 I agree India. I`m not sure that the current model is sustainable. It seems too many clubs are spending money they don`t have in order to compete with other clubs doing likewise, all in the vain attempt to chase limited success. When people talk about investment they tend to mean donations - from millionaires with money to burn. To mangle Mr Macawber, fans may come to expect £10 of product for £9 of expenditure. Arguments for change may centre on cutting up the same cake in different ways, rather than increasing the size of the cake. All right if you are a winner, less so otherwise. Administrators seem to blame the clubs - they claim the SPFL or whatever is a members` organisation and thus they are only doing what the clubs want. We need leadership, or to allow leadership to flourish. I note that it is less than a year since Ian Maxwell (who is Chief Executive of the SFA) told the Scottish Parliament that financial failings of clubs was not an issue of relevance in Scotland. Still, Ernie Walker`s review must be due to be published soon. Perhaps something will turn up? Reply |
34. Author: jake89 Date: Sun 6th Oct 2024. 22:16 It`s a similar picture across Europe. Clubs are paying well over the odds for players. It`s fine for the big European clubs who get the competition money, sponsorship deals, massive strip sale revenue etc. Sadly, for most other clubs they`re screwed. Outside the top 5 or 6 clubs in the English Premier they would be absolutely shafted without the TV money. In Scotland there is little chance of making money unless you`re Celtic, Rangers or maybe Hearts. Part time clubs may be doing alright due to low overheads. However, clubs like Dunfermline can be well supported but losing money thanks to relatively high player wages courtesy of being so close to England where TV deals mean higher pay. That`s presumably why the German consortium pushed the academy model. Reply |
35. Author: desparado Date: Sun 6th Oct 2024. 23:36 Being close to England and being relevant….. or not…. Financially or economically is always going to be an issue for Scotland….Yes ? Of course we could have done something about that….. but chose not to……..and still we wait for “change” ….and we will wait…..and wait….and wait…..the same conversations we have had about Football, the Economy, why it’s so bad, we will still be having in ten, twenty years time, FFS our children will be having the same conversations. We had a chance to change things but bottled it…….let’s hope they have more guts than we had eh ? What an opportunity we missed in 2014. Reply |
36. Author: DunfyDave Date: Mon 7th Oct 2024. 08:51 The situation is desperate, Desperado DunfyDave Reply |
37. Author: jake89 Date: Mon 7th Oct 2024. 09:31 Independence is irrelevant. If you are offered £500 in Scotland and £5000 in England, guess where most would go? Reply |
38. Author: veteraneastender Date: Mon 7th Oct 2024. 11:10 jake89, Mon 7 Oct 09:31 Exactly. Salaries down South for players have been better since Johnny Haynes burst the maximum wages deal in the early 1960s. Reply |
39. Author: fcda Date: Mon 7th Oct 2024. 17:44 I don`t agree it`s "irrelevant" but I don`t think it`s a big factor. With independence from England you might be able to restrict cross border movement, introduce quota systems and therefore encourage development from within. However, I think for other business reasons that restriction is unlikely and of course, rejoining the EU would open that up too. Reply |
40. Author: da_no_1 Date: Mon 7th Oct 2024. 22:43 P&J reporting that administration remains the most likely outcome for Caley despite their being interest from 3 different parties. Scott Gardiner being left without a name. High on the list of recent bizarre moves is him emailing Carlisle telling them not to bother paying the 80k compensation they were due for Cameron Harper. What a clusterf*ck "Some days will stay a 1000 years, some pass like the flash of a spark" Post Edited (Mon 07 Oct 22:43) Reply |