ariotofmyown Posted September 18, 2021 Share Posted September 18, 2021 I'm really struggling to understand why we are going into admin. We gambled too much on promotion and tried to find loopholes to escape the FFP rules. Whilst it was a stupid thing to do, it made some sort of sense. If/when it failed, it means points deductions and probable relegation. But it's not because the club ran out of money, it's because we spent more money than we were allowed. How have we suddenly reached the point now where we don't have enough money for the club to continue functioning? Has Mel literally got no money left to keep the club going? If not, why has he now decided to stop funding the mess he created. Can't he just carry on paying the money until Jan, sell any high earners, sell the whole first team, and have a cheap team of kids? Or are most of the outgoings now just servicing debt with no end in sight? Just hope there is something else going on and this is necessary to push it through. jono 1 Link to comment Share on other sites More sharing options...
CBRammette Posted September 18, 2021 Share Posted September 18, 2021 9 minutes ago, alexxxxx said: Frankly we knew something was seriously wrong financially when basic stuff clubs do like sell tickets and merchandise couldn't be done. Or when rammie wasn't there for some reason. Season tickets... Season tickets... It was Rammie that was key evidence. alexxxxx, jimtastic56 and Ramarena 3 Link to comment Share on other sites More sharing options...
Pearl Ram Posted September 18, 2021 Share Posted September 18, 2021 Just now, JuanFloEvraTheCocu'sNesta said: That is absolutely disgusting and Mel and Pearce should be completely ashamed of themselves for allowing that to happen. Revolting behaviour. Seems it’s not just the fans he treats with contempt then. Don’t start me on Pearce, effin’’ lapdog with no backbone. Link to comment Share on other sites More sharing options...
AbuDerbyDave Posted September 18, 2021 Share Posted September 18, 2021 3 minutes ago, RoyMac5 said: Your lot have all the right credentials too - the EFL are good at checking things out! ? Sorry Roy but at this time I don’t think that’s fair play Link to comment Share on other sites More sharing options...
Topram Posted September 18, 2021 Share Posted September 18, 2021 11 minutes ago, JuanFloEvraTheCocu'sNesta said: That is absolutely disgusting and Mel and Pearce should be completely ashamed of themselves for allowing that to happen. Revolting behaviour. They didn’t have a pair to tell him… Link to comment Share on other sites More sharing options...
JuanFloEvraTheCocu'sNesta Posted September 18, 2021 Share Posted September 18, 2021 Just now, Topram said: They didn’t have a pair to tell him… Pathetic really. Link to comment Share on other sites More sharing options...
Topram Posted September 18, 2021 Share Posted September 18, 2021 Just now, JuanFloEvraTheCocu'sNesta said: Pathetic really. It is but they’ve been pathetic for a while now Link to comment Share on other sites More sharing options...
Anag Ram Posted September 18, 2021 Share Posted September 18, 2021 2 minutes ago, Topram said: They didn’t have a pair to tell him… Perhaps they didn't realise they were in administration. Might not have been watching Sky. jimtastic56 and i-Ram 1 1 Link to comment Share on other sites More sharing options...
JuanFloEvraTheCocu'sNesta Posted September 18, 2021 Share Posted September 18, 2021 Just now, Topram said: It is but they’ve been pathetic for a while now It's the lack of spine for me. Happy to be front and center when the times are good, under a rock when they aren't. Link to comment Share on other sites More sharing options...
IslandExile Posted September 18, 2021 Share Posted September 18, 2021 18 hours ago, therams69 said: Remember the slating I took on here?. And no, before I get criticised and slated again, I have zero satisfaction from all of this. Fuming. You were not slated. You were simply asked what any of us could do that would affect anything. You repeatedly refused to answer that - probably because the truth is there was nothing we could do to alter the course of the club. Grimbeard 1 Link to comment Share on other sites More sharing options...
Ramarena Posted September 18, 2021 Share Posted September 18, 2021 If your putting the club into administration one of the first people you tell is your manager……….end of story! Rammy03 1 Link to comment Share on other sites More sharing options...
61GT Posted September 18, 2021 Share Posted September 18, 2021 The first 90 seconds really is us: - Genuine sympathies for all of the staff directly caught up in this. i-Ram, SKRam and Ramarena 1 2 Link to comment Share on other sites More sharing options...
CWC1983 Posted September 18, 2021 Share Posted September 18, 2021 17 minutes ago, ariotofmyown said: I'm really struggling to understand why we are going into admin. We gambled too much on promotion and tried to find loopholes to escape the FFP rules. Whilst it was a stupid thing to do, it made some sort of sense. If/when it failed, it means points deductions and probable relegation. But it's not because the club ran out of money, it's because we spent more money than we were allowed. How have we suddenly reached the point now where we don't have enough money for the club to continue functioning? Has Mel literally got no money left to keep the club going? If not, why has he now decided to stop funding the mess he created. Can't he just carry on paying the money until Jan, sell any high earners, sell the whole first team, and have a cheap team of kids? Or are most of the outgoings now just servicing debt with no end in sight? Just hope there is something else going on and this is necessary to push it through. All about cash flow. Apart from maybe 3-4k fans every 2 weeks per game buying a ticket there can't be much more actual cash coming into the club. Maybe some cash for Lowe and Bogle. On the flip side, there are wages to pay monthly, HMRC bills, and daily running costs. That's before any previous debt for transfers (Kamal and Bielik circa £11m), HMRC etc have to be paid. ariotofmyown 1 Link to comment Share on other sites More sharing options...
Ramarena Posted September 18, 2021 Share Posted September 18, 2021 2 minutes ago, CWC1983 said: All about cash flow. Apart from maybe 3-4k fans every 2 weeks per game buying a ticket there can't be much more actual cash coming into the club. Maybe some cash for Lowe and Bogle. On the flip side, there are wages to pay monthly, HMRC bills, and daily running costs. That's before any previous debt for transfers (Kamal and Bielik circa £11m), HMRC etc have to be paid. Interest on debts must be pretty eye watering too Link to comment Share on other sites More sharing options...
ariotofmyown Posted September 18, 2021 Share Posted September 18, 2021 3 minutes ago, CWC1983 said: All about cash flow. Apart from maybe 3-4k fans every 2 weeks per game buying a ticket there can't be much more actual cash coming into the club. Maybe some cash for Lowe and Bogle. On the flip side, there are wages to pay monthly, HMRC bills, and daily running costs. That's before any previous debt for transfers (Kamal and Bielik circa £11m), HMRC etc have to be paid. The fees paid for those 2 are pretty much criminal. Why were we still spending then? Seems like the Lampard season was one last huge stupid gamble. When that didn't work, the writing must have been on the wall then. Rammy03 and CWC1983 2 Link to comment Share on other sites More sharing options...
Warwick Ram Posted September 18, 2021 Share Posted September 18, 2021 Ironically people are blaming Steve Gibson but when you read about him and Middlesbrough he is exactly what Mel is to us. He is a fan who bought the club, signed big names to raise the profile (Bryan Robson, Ravanelli etc). Under his tenure they won there only ever trophy and got to the UEFA cup final. Link to comment Share on other sites More sharing options...
Warwick Ram Posted September 18, 2021 Share Posted September 18, 2021 1 hour ago, Coneheadjohn said: Rooney found out off Sky! Are people really going to keep defending Mel? He couldn’t even be bothered to tell Rooney before the news was announced. The man is spineless but don’t worry as he is a fan an really cares (not). He will walk away from this debt free. Yes, he has lost money but he will make it back somehow I am sure of it. Oh and don’t forget his company owns the stadium so who will be receiving rent for us to play there in future? Or will he sell it back to us at a tidy profit for himself? Old Sawley Popside, jimtastic56, r_wilcockson and 1 other 3 1 Link to comment Share on other sites More sharing options...
Spanish Posted September 18, 2021 Share Posted September 18, 2021 1 hour ago, Orphanram said: He clearly has no regard for the manager or the players. That he couldn’t look them in the eye tells you everything you need to know about Melvyn Morris. He should never be let near the stadium again. It’s his stadium jimtastic56 1 Link to comment Share on other sites More sharing options...
Oldben Posted September 18, 2021 Share Posted September 18, 2021 Any chance the administrators could force the sale of the stadium at a lower price. Throw in the training ground at a lower price. That might help sell the club. Link to comment Share on other sites More sharing options...
Spanish Posted September 18, 2021 Share Posted September 18, 2021 3 minutes ago, Oldben said: Any chance the administrators could force the sale of the stadium at a lower price. Throw in the training ground at a lower price. That might help sell the club. Err explain a bit more because the club don’t own either Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account.
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now