most of these processes

just seem to be a transfer of debts from one owner to the other, but in so doing allow more money to be spent (or more debts to be accrued). And this seems to be acceptable business practice.

This isn't just the case with the clubs in/out of admin but Chelsea, Liverpool, Manchester Utd.

What is really sad is that there are clubs like Stockport that haven't had this happen and there's a very good chance they'll fall out of the league altogether. But as a non-glamour club then there's no focus, and no benefactor rushing in to move the debts around.

It must be sickening for them to see Soton moving out of trouble with such ease. But I fear that there is more to come there - as people are saying it's not just about getting out of admin. And much as the media would like to think that adding ten points to Southampton's tally would take them into an automatic promotion spot, my basic maths suggests differently. So if they have a difficult start to next season then the highly-paid players may start to look elsewhere (does Lambert really want to play another season at this level) and the bills will start to mount again.

Posted By: camcan on February 17th 2010 at 09:28:22

Message Thread

dear god, I knew oinkers were dumb but... (NCFC) - Tony Martin, Feb 17, 08:16:40
- would there be a case (NCFC) - SCC 28, Feb 17, 08:21:49
  - no way (NCFC) - Tony Martin, Feb 17, 08:26:39
    - e. The majority shareholders would lose the most money (n/m) (NCFC) - yarmyyarmy, Feb 17, 08:39:22
    - I really don't know where people get the idea that admin is a painless process (NCFC) - BerlinCanary, Feb 17, 08:38:20
      - Sunderland, Ipswich, Leeds, Southampton (NCFC) - DiscoDaleGordon, Feb 17, 08:47:43
        
        yup its done leeds, ipswich and southampton the world of good (n/m) (NCFC) - Tony Martin, Feb 17, 08:54:55
        
        They are all now debt free, us with our huge debt but we are in the prem (NCFC) - DiscoDaleGordon, Feb 17, 09:01:51
        
        debt free??? think you'll find by looking at scums accounts (NCFC) - Tony Martin, Feb 17, 10:17:26
        
        what's your job? you'd make a great banker! (n/m) (NCFC) - Tony Martin, Feb 17, 10:16:28
        
        of course they are (NCFC) - Tombs, Feb 17, 09:06:07
        
        Ipswich are "debt-free" in the sense... (NCFC) - yarmyyarmy, Feb 17, 09:05:37
        
        They aren't debt free at all (NCFC) - BerlinCanary, Feb 17, 09:31:27
        
        What about the rest? Saints spending 2m on their strikeforce? (NCFC) - DiscoDaleGordon, Feb 17, 09:08:09
        
        good point (NCFC) - Tombs, Feb 17, 08:54:09
        
        But that's the trouble to many people in all walks of life walk away from their (NCFC) - lovely old job, Feb 17, 08:53:11
        
        hopefully the FA will hang on a bit until marcus evans does a bunk (n/m) (NCFC) - Tombs, Feb 17, 08:55:10
        
        when did sunderland? (NCFC) - SCC 28, Feb 17, 08:48:36
        
        Didnt they before Quinn and his merry men came in and took over? (n/m) (NCFC) - DiscoDaleGordon, Feb 17, 08:51:40
        
        no (n/m) (NCFC) - Tony Martin, Feb 17, 10:17:58
        
        Don't think so. They did have huge debts though. (NCFC) - yarmyyarmy, Feb 17, 08:56:44
        
        most of these processes (NCFC) - camcan, Feb 17, 09:28:22
        
        can't remember (n/m) (NCFC) - SCC 28, Feb 17, 08:52:28
      - cos everyone else seems to get away with it? (n/m) (NCFC) - SCC 28, Feb 17, 08:40:29
      - just minus a few points and then, off you go you naughty boys (NCFC) - Tombs, Feb 17, 08:40:00
    - yeah good point! (n/m) (NCFC) - SCC 28, Feb 17, 08:28:46
  - correct (NCFC) - lmc, Feb 17, 08:25:01
    - and it would be immoral (n/m) (NCFC) - SCC 28, Feb 17, 08:28:17
      - true, one of the things I love about NCFC is that we run our club in the right manner (NCFC) - lmc, Feb 17, 08:33:51
        
        Don't screw people over, oh yes they do. (n/m) (NCFC) - lovely old job, Feb 17, 09:16:23
        
        what I meant was we don't screw people over just to piss them off, BUT we do it when it's (NCFC) - lmc, Feb 17, 09:56:00

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