Nero Posted July 4, 2020 Share Posted July 4, 2020 1 hour ago, @owlstalk said: That's because before those rules came in, clubs were going bankrupt, bust and out of business repeatedly because owners would spaff millions, put the club into massive debts, and run off leaving the club to go under You are right to diagnose the problem like that yes. But the rules that came in didn't solve that problem. They also directly led to further problems. I'd say that they failed due to not addressing the real underlying problems. Mainly because its out of their control and beyond their capability. 3 Link to comment Share on other sites More sharing options...
0wl18 Posted July 4, 2020 Share Posted July 4, 2020 Just now, areNOTwhatTHEYseem said: 34 clubs entered administration or negotiated a CVA in the 10 years you refer to, 26 of them football league clubs, the rest Conference clubs. In the nine years since the rules were introduced, eight clubs have entered administration or negotiated a CVA. How many went insolvent? It’s good that the majority of clubs are meeting the FFP guidelines, going into administration doesn’t only affect clubs, it’s the business’ the money is owed to. It’s also evident that by trying to meet FFP clubs have Looked after their finances better. My point is, FFP doesn’t do anything to prevent clubs entering admin, it isn’t a tool to stop clubs going insolvent. It was introduced as a means to provide a level playing field for all. If I bought a football club, would FFP prevent me from racking up a series of loans at crippling rates? Link to comment Share on other sites More sharing options...
oldishowl Posted July 4, 2020 Share Posted July 4, 2020 6 minutes ago, areNOTwhatTHEYseem said: 34 clubs entered administration or negotiated a CVA in the 10 years you refer to, 26 of them football league clubs, the rest Conference clubs. In the nine years since the rules were introduced, eight clubs have entered administration or negotiated a CVA. Have we always had a points deduction for it? My feeling based on no knowledge whatsoever is that it is the points deduction that has helped reduce the number rather than FFP Link to comment Share on other sites More sharing options...
Nero Posted July 4, 2020 Share Posted July 4, 2020 2 minutes ago, bladeshater said: Doesn't every club have a share of the EFL and if so they are the ones with the power to change things Lack of power. They can't stop the reasons why owners chuck money to get in the prem. Or why opportunists asset strip. Link to comment Share on other sites More sharing options...
pahowl Posted July 4, 2020 Share Posted July 4, 2020 It appears that Wigan going into administration maybe linked to a betting scam . Where they need Wigan to be relagated fir the bet to come in 1 Link to comment Share on other sites More sharing options...
areNOTwhatTHEYseem Posted July 4, 2020 Share Posted July 4, 2020 6 minutes ago, oldishowl said: Have we always had a points deduction for it? My feeling based on no knowledge whatsoever is that it is the points deduction that has helped reduce the number rather than FFP Since 2004–05, apparently. Link to comment Share on other sites More sharing options...
the third man Posted July 4, 2020 Share Posted July 4, 2020 8 minutes ago, pahowl said: It appears that Wigan going into administration maybe linked to a betting scam . Where they need Wigan to be relagated fir the bet to come in Touting for his next job Link to comment Share on other sites More sharing options...
Guest Posted July 4, 2020 Share Posted July 4, 2020 8 minutes ago, areNOTwhatTHEYseem said: Since 2004–05, apparently. I think Leicester were one of the first to do it. No points deduction in that instance. Link to comment Share on other sites More sharing options...
areNOTwhatTHEYseem Posted July 4, 2020 Share Posted July 4, 2020 4 minutes ago, Pacific said: I think Leicester were one of the first to do it. No points deduction in that instance. They went into administration a couple of years before the points dedication was brought in, I think. Link to comment Share on other sites More sharing options...
Taximark Posted July 4, 2020 Share Posted July 4, 2020 1 hour ago, bladeshater said: Definitely not sick about football nobody makes me post on forum about football You need to understand that in the current climate you may from time to time get potential posters ( people ) like me saying that they are sick of football, about how the current system is run etc.etc....but they might still post on a public football forum....jeez did I really have to spell that out like? Link to comment Share on other sites More sharing options...
bladeshater Posted July 4, 2020 Share Posted July 4, 2020 1 minute ago, TaxiMark said: You need to understand that in the current climate you may from time to time get potential posters ( people ) like me saying that they are sick of football, about how the current system is run etc.etc....but they might still post on a public football forum....jeez did I really have to spell that out like? Crack on hope you hope you sort yourself out in the near future Link to comment Share on other sites More sharing options...
Taximark Posted July 4, 2020 Share Posted July 4, 2020 1 minute ago, bladeshater said: Crack on hope you hope you sort yourself out in the near future Yeah cheers, im taking flying lessons. 1 Link to comment Share on other sites More sharing options...
S36 OWL Posted July 4, 2020 Share Posted July 4, 2020 1 hour ago, ChinaOwl said: On this issue, I am confused as to who the bet(s) was (were) supposed to have been placed with. I can't imagine that there are betting companies in Asia Pacific offering odds on a mid table Championship club being relegated. European betting companies might but then it should be possible to detect any suspicious activity. The only thing that comes to my mind is the guy placed the bet with his own betting company to withdraw a large sum in terms of winnings that was then laundered. IF the rumour Is true, apparently the bet was placed when they bought the club, but they have won five out of the last six games to climb to mid table, hence putting them into administration so 12 pts are deducted, thus putting them back in the relegation zone. Link to comment Share on other sites More sharing options...
Dick_Turpin Posted July 4, 2020 Share Posted July 4, 2020 55 minutes ago, oldishowl said: My feeling based on no knowledge whatsoever My favourite sort of opinion. 1 Link to comment Share on other sites More sharing options...
daleblue Posted July 4, 2020 Share Posted July 4, 2020 37 minutes ago, TaxiMark said: Yeah cheers, im taking flying lessons. I dont want to come across as a glass half filled an all that, but flying taxis only really work in places like Australia, not Fir vale to Northern General. Link to comment Share on other sites More sharing options...
Taximark Posted July 4, 2020 Share Posted July 4, 2020 1 minute ago, daleblue said: I dont want to come across as a glass half filled an all that, but flying taxis only really work in places like Australia, not Fir vale to Northern General. Did tha know that NGH has a helipad? Glass fully brimming!!! 2 Link to comment Share on other sites More sharing options...
ChinaOwl Posted July 4, 2020 Share Posted July 4, 2020 17 minutes ago, S36 OWL said: IF the rumour Is true, apparently the bet was placed when they bought the club, but they have won five out of the last six games to climb to mid table, hence putting them into administration so 12 pts are deducted, thus putting them back in the relegation zone. Yeah I know that. The thing that is confusing me is the mechanics for carrying out the transction(s) (if it is of course true). Imagine walking into a European betting establishment and trying to get odds on a second tier Asian club getting relegated? Then putting a huge wad on it happening? Does it not come across that this would appear a little strange to a third party betting company sending up a few red flags? Someone betting a large amount of money on Wigan Athletic getting relegated from the Championship in England in Asia should come across as so left field that the third party betting company should immediately smell a rat. Unless the betting company is somehow part of the beneficiary from the bet paying dividends. Link to comment Share on other sites More sharing options...
asteener1867 Posted July 4, 2020 Share Posted July 4, 2020 1 minute ago, ChinaOwl said: Yeah I know that. The thing that is confusing me is the mechanics for carrying out the transction(s) (if it is of course true). Imagine walking into a European betting establishment and trying to get odds on a second tier Asian club getting relegated? Then putting a huge wad on it happening? Does it not come across that this would appear a little strange to a third party betting company sending up a few red flags? Someone betting a large amount of money on Wigan Athletic getting relegated from the Championship in England in Asia should come across as so left field that the third party betting company should immediately smell a rat. Unless the betting company is somehow part of the beneficiary from the bet paying dividends. I know seems odd....unless they lay it off all over the place, in smaller amounts Link to comment Share on other sites More sharing options...
ChinaOwl Posted July 4, 2020 Share Posted July 4, 2020 1 minute ago, asteener1867 said: I know seems odd....unless they lay it off all over the place, in smaller amounts I just try to get my head around walking into a betting shop in Hong Kong and asking for odds on Wigan Athletic getting relegated. 1 Link to comment Share on other sites More sharing options...
Ellis Rimmer Posted July 4, 2020 Share Posted July 4, 2020 So do we have a situation where a bloke has bought a football club because they're looking like they're going to get relegated which he wants as part of a betting scam, then all of a sudden they turn into the best team in the division and become safe from relegation, as which point he starts panicking so puts them into administration for the -12 2 Link to comment Share on other sites More sharing options...
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