Heacham fc 0 Posted February 17, 2009 Milan manjeric had to pay 15 million out of his own pocket when leicester got relegated, thats going to be a problem for delia as she is only worth 14 mill Share this post Link to post Share on other sites
WeAreYellows49 0 Posted February 17, 2009 [quote user="JPollard"]Milan manjeric had to pay 15 million out of his own pocket when leicester got relegated, thats going to be a problem for delia as she is only worth 14 mill [/quote]Oh dear [:|] Share this post Link to post Share on other sites
Arthur Whittle 0 Posted February 17, 2009 [quote user="JPollard"]Milan manjeric had to pay 15 million out of his own pocket when leicester got relegated, thats going to be a problem for delia as she is only worth 14 mill [/quote]Where did you hear that? We could be screwed if this is true and we go down. Share this post Link to post Share on other sites
WeAreYellows49 0 Posted February 17, 2009 [quote user="Arthur Whittle"][quote user="JPollard"]Milan manjeric had to pay 15 million out of his own pocket when leicester got relegated, thats going to be a problem for delia as she is only worth 14 mill [/quote]Where did you hear that? We could be screwed if this is true and we go down.[/quote]My thoughts exactly Arthur Share this post Link to post Share on other sites
Fromage Frais 14 Posted February 17, 2009 In football people talk about relegation etc as if the club will not exisit.Lets put this into context.Say norwich do go down and say that the club is insolvent ie unable to meet its debts when they fall due.At this stage the club will either meet with its creditors and agree lower payments CVA or possibly go into administration.Now lets get one thing straight Norwich is a fantastic club with great fans not woolworths where another company can just come and rent out the unit.There have been changes to the law which make the saving of the company/jobs the first priority of the administrator and thus in administration you will naturally see the club being run in a manner which will be to pay the creditors.It will be like Leeds down lost points but then possibly being bought buy Delia* again minus the debt burden. Nobody can use the stadium for anything else Nobody will want to close the club down, Nobody will want to buy the land to build apartments on.So at the worst we will have a team full of cheap players in a low devision with new owners or the same owners minus the debt.Someone will want the club for lower price - the loans and this is what the administrator will do with the first objective being selling as a going concern.This is what the potential investors will be waiting for. Share this post Link to post Share on other sites
First Wizard 0 Posted February 17, 2009 [quote user="WeAreYellows49"][quote user="Arthur Whittle"] [quote user="JPollard"]Milan manjeric had to pay 15 million out of his own pocket when leicester got relegated, thats going to be a problem for delia as she is only worth 14 mill [/quote]Where did you hear that? We could be screwed if this is true and we go down.[/quote]My thoughts exactly Arthur[/quote]Add my fears to that too 49. Share this post Link to post Share on other sites
First Wizard 0 Posted February 17, 2009 [quote user="WeAreYellows49"][quote user="Arthur Whittle"] [quote user="JPollard"]Milan manjeric had to pay 15 million out of his own pocket when leicester got relegated, thats going to be a problem for delia as she is only worth 14 mill [/quote]Where did you hear that? We could be screwed if this is true and we go down.[/quote]My thoughts exactly Arthur[/quote]Add my fears to that too 49. Share this post Link to post Share on other sites
singing canary 0 Posted February 17, 2009 and yet we have fans saying is it a good idea if we get relegated ...i think it would finish this club off .it would be a nightmare. Share this post Link to post Share on other sites
Faded Jaded Semi Plastic SOB 1,222 Posted February 17, 2009 Which is why I say that if we get relegated I would not be at all surprised if we went into administration. I think if anybody really does think relegation will be a good thing for us they need to think again. I know that there are other threads on this subject but if we do get relegated I really hope the fans vent their spleen on those that are truly responsible for the demise of the club rather than placing all the blame on the various managers we have had. Share this post Link to post Share on other sites
Dangles 0 Posted February 17, 2009 The losses include losing 2 managers to the sack, loads of new players like dj for 1.6m, huge signing on fees, etc not just because of less revenue coming in from this season. we sold players like mcauley, hume and stearman for in access of 1m to keep us financially stable for anothr year but even with these millions from players we''ll still lose millions this year, your loss wouldnt be anywhere near as great as ours although as you havent got a mad chairman willing to pump millions into the club it could mean the 5m or so you will lose out will hit you hard and you will NEED to sell your assets like clingan unlike us, unfortunately for you..not many teams would ''do a leicester'' and get promotion, presuming we do so, especially with huge losses Share this post Link to post Share on other sites
