canaries 0 Posted February 11, 2009 According to Sky sports news southampton are thinking about going into administration either now or at the end of the season Share this post Link to post Share on other sites
DOGGER 0 Posted February 11, 2009 Now we just need Watford to do the same Share this post Link to post Share on other sites
Nuff Said 5,141 Posted February 11, 2009 Is that a 15 point penalty when it happens? I guess they need to decide whether they want to get relegated this season, or try and stay up then go down next? Neither are very attractive. Share this post Link to post Share on other sites
Lord Flashheart 0 Posted February 11, 2009 Will that result in a points deduction? Share this post Link to post Share on other sites
canaries 0 Posted February 11, 2009 It should be a 10 or 15 point deduction Share this post Link to post Share on other sites
InLambertWeTrust! 0 Posted February 11, 2009 [quote user="Nuff Said"]Is that a 15 point penalty when it happens? I guess they need to decide whether they want to get relegated this season, or try and stay up then go down next? Neither are very attractive.[/quote] If it were Norwich in that situation *shudder* what would people opt for? Share this post Link to post Share on other sites
sturgeon220 0 Posted February 11, 2009 If they can put it off until the end of the season it will not help us at all. I would guess they will try to do that so they are still in this division next season. Financialy that makes more sense. BUT they may not be able to survive until then. I have a horrible feeling they may not be the last. Share this post Link to post Share on other sites
N.Ireland Canary 0 Posted February 11, 2009 [quote user="Nuff Said"]Is that a 15 point penalty when it happens? I guess they need to decide whether they want to get relegated this season, or try and stay up then go down next? Neither are very attractive.[/quote] Is it a case of, for example,they get relegated this season, then go into administration before the next season and start on minus 15 points?Can anyone explain how it works if it happens in between seasons? Share this post Link to post Share on other sites
sturgeon220 0 Posted February 11, 2009 [quote user="CT the Jarrold king"][quote user="Nuff Said"]Is that a 15 point penalty when it happens? I guess they need to decide whether they want to get relegated this season, or try and stay up then go down next? Neither are very attractive.[/quote] If it were Norwich in that situation *shudder* what would people opt for?[/quote] I have seen ;some posts on here saying it might be good for City if it were to happen1 My feeling is that this board (like it or not) have probably done enough to stave of that possibility, (thank God). We might not like their carefull aproach from a football point of veiw but from a business point of veiw it works Share this post Link to post Share on other sites
Pete Raven 276 Posted February 11, 2009 Clubs have until the fourth Thursday in March to go into administration, or they will have their ten-point deduction suspended. Clubs who take the step before March 26 will be penalised immediately. If they wait until after that date, the situation changes. Initially, no deduction will be made and they will play out the season as normal. If they are subsequently relegated, they will start the next season on minus-ten points. Share this post Link to post Share on other sites
Tim Allman 1 Posted February 11, 2009 Isn''t there a date before the end of the season by which a club has to go into administration? As it is (I think) with around 10 games to go, I''m not surprised that these sort of stories are doing the rounds at the moment.Anyone know what the date for admin is? Share this post Link to post Share on other sites
Tim Allman 1 Posted February 11, 2009 Thanks Pete - typed my post out and went to get a cup of tea, then hit the enter button when I came back! Share this post Link to post Share on other sites
Jack Flash 13 Posted February 11, 2009 Surely when a Club starts speculating when and not if, it is going into Administration, then the ability to continue to trade is put into question - can they still legitimately take on credit from local suppliers etc? Share this post Link to post Share on other sites
Camuldonum 0 Posted February 11, 2009 Southampton are denying it at the moment, for what that is worth, and it wasn''t on Sky championship headlines the last time we looked.There has, of course, been speculation for months, mainly among the supporters. Share this post Link to post Share on other sites
lappinitup 629 Posted February 11, 2009 [quote user="Jack Flash"]Surely when a Club starts speculating when and not if, it is going into Administration, then the ability to continue to trade is put into question - can they still legitimately take on credit from local suppliers etc?[/quote]If you turn it round a bit, would you give them credit if rumours were rife that they were about to go under? It must make trading very difficult for them. Share this post Link to post Share on other sites
TIL 1010 4,746 Posted February 11, 2009 [quote user="lappinitup"][quote user="Jack Flash"]Surely when a Club starts speculating when and not if, it is going into Administration, then the ability to continue to trade is put into question - can they still legitimately take on credit from local suppliers etc?[/quote]If you turn it round a bit, would you give them credit if rumours were rife that they were about to go under? It must make trading very difficult for them.[/quote]Looks like they are doomed,i tell you doomed! Share this post Link to post Share on other sites
National express super guard 0 Posted February 11, 2009 in terms of our league position its great but always hate to see football clubs struggle to keep afloat. especially when the premier league announces billion pound tv rights deals. its sickening, but the FA is to weak to stand up and order it to be filtered down through the leagues. heard leicester lost 4 million in last year too, I love football, I hate the premier league Share this post Link to post Share on other sites
Chunky Norwich 0 Posted February 11, 2009 So this is what our season has come to? Hoping that other teams around us incur points deductions just so we can limp on to next year in the Championship... Share this post Link to post Share on other sites
lappinitup 629 Posted February 11, 2009 [quote user="TIL 1010"][quote user="lappinitup"][quote user="Jack Flash"]Surely when a Club starts speculating when and not if, it is going into Administration, then the ability to continue to trade is put into question - can they still legitimately take on credit from local suppliers etc?[/quote]If you turn it round a bit, would you give them credit if rumours were rife that they were about to go under? It must make trading very difficult for them.[/quote]Looks like they are doomed,i tell you doomed![/quote]Yew meark I larf ! [:D] Share this post Link to post Share on other sites
William Darby 0 Posted February 11, 2009 Why do we automatically blame the Premier League? Could it have been possible Southampton has over stretched themselves by moving to a new stadium, on the back of being relegated Share this post Link to post Share on other sites
National express super guard 0 Posted February 11, 2009 coz they don''t give a toss about proper football, don''t get me wrong, I''d love promotion (oh that seems a long time ago!!!), but I''d hope we get a our football roots. Southampton was mismanaged but many other clubs on the brink have just run out of money through attendances etc, where as man city go and try and buy £100 million players. Share this post Link to post Share on other sites
Yorkshire Canary 118 Posted February 11, 2009 Southampton are clearly on the edge financially and it is only a matterb of time when they go into administartion. I do not think many people outside Hampshire do not think they will be in the bottom 3 at the end of the season. They would be better taking the points hit now rather than in their first season in league 1 which would blow any chance of them coming up again that season Share this post Link to post Share on other sites
canaryjock 0 Posted February 11, 2009 Didn''t Leeds try and pull a fast one in terms of points deductions? I seem to recall they went into administration at half time in the last game of the season when they were losing and therefore certain to go down unless there was a 7 goal swing or something like that but the FA punished them by another 5 points for their cheek.I''m presuming that''s the reason they brought in a deadline date? Share this post Link to post Share on other sites
Tangible Fixed Assets anyone? 0 Posted February 12, 2009 [quote user="sturgeon220"][quote user="CT the Jarrold king"][quote user="Nuff Said"]Is that a 15 point penalty when it happens? I guess they need to decide whether they want to get relegated this season, or try and stay up then go down next? Neither are very attractive.[/quote] If it were Norwich in that situation *shudder* what would people opt for?[/quote]We might not like their carefull aproach from a football point of veiw but from a business point of veiw it works [/quote]I suppose the book value of the net assets (which roughly equates to £30 per ordinary share) doesn''t change with relegation.Dont worry about the team having a relegation battle two seasons running and dont concern yourself with entertainment.More tangible fixed assets anyone? Share this post Link to post Share on other sites
SWP = Poor Mans Ruel Fox!! 0 Posted February 13, 2009 [quote user="canaryjock"]Didn''t Leeds try and pull a fast one in terms of points deductions? I seem to recall they went into administration at half time in the last game of the season when they were losing and therefore certain to go down unless there was a 7 goal swing or something like that but the FA punished them by another 5 points for their cheek.I''m presuming that''s the reason they brought in a deadline date?[/quote]Leeds entered into administration before the last game of the season when in an impossible situation to escape, which was when the FA brought in the rule about the deduction applying to the following season if a club goes into administration after 26 March.The 15 point deduction the following season was because they had not exited administration via a correct CVA and so the Football League could have rightfully expelled them from the league altogether, but compromised on an additional points deduction. This was also what the additional deductions applied to Luton, Rotherham and Bournemouth were for this season. Share this post Link to post Share on other sites