Four EFL clubs 'at risk of failure' according to study

[Agombar stool]

As it says on the tin -

Orient are clearly the League 2 side but I reckon Bury and Coventry are 2 of the 3 in League 1. Not sure on the other club however Southend have had some HMRC warnings before but I doubt it is them.

http://www.bbc.co.uk/sport/football/39566143

 

[ShropshireLad]

Bury must be one, funny club really - lording it up signing the ilk of Pope, Vaughan, Clarke et al - then shaking the collection buckets to cover the alleged five mortgages they have on Gigg Lane.

Wont be long til it all goes pop!

Wouldnt be suprised if the other two included Swindon/Chesterfield.

 

[valefan16]

We could be! Owe £3,700,000 in directors loans to the chairman, although in theory that's owed to Smurf so not a case of outsiders coming knocking for their dollar!

Chesterfield were a bit dicey weren't they financially?

 

[T.A]

Bury must be one, funny club really - lording it up signing the ilk of Pope, Vaughan, Clarke et al - then shaking the collection buckets to cover the alleged five mortgages they have on Gigg Lane.

Wont be long til it all goes pop!

Wouldnt be suprised if the other two included Swindon/Chesterfield.

 

[Hurrikeen]

I wouldn't rule us out...

 

[ShropshireLad]

Bury must be one, funny club really - lording it up signing the ilk of Pope, Vaughan, Clarke et al - then shaking the collection buckets to cover the alleged five mortgages they have on Gigg Lane.

Wont be long til it all goes pop!

Wouldnt be suprised if the other two included Swindon/Chesterfield.

We could be! Owe £3,700,000 in directors loans to the chairman, although in theory that's owed to Smurf so not a case of outsiders coming knocking for their dollar!

Chesterfield were a bit dicey weren't they financially?

Chesterfield always seem to struggle for some reason, yeah. - You owe a fair bit then, I get that you wont have people knocking Vale Parks door down, but a debt is debt! you're fucked when he does want it back... especially if he wants it with interest?

 

[Shrimpurh]

I doubt it's us. We do owe the chairman a load of cash but he is still trying to get a new stadium certainly not wanting to take his money out he wants to invest more so I doubt this puts us at risk of going under. The HMRC winding up petitions don't strike much fear these days, they always get paid seems Ron pays the interest accruing debts before the HMRC ones.

 

[valefan16]

Chesterfield always seem to struggle for some reason, yeah. - You owe a fair bit then, I get that you wont have people knocking Vale Parks door down, but a debt is debt! you're fucked when he does want it back... especially if he wants it with interest?

It his own cock ups that have cost him the money! He wants it back in the sale of the club... so when he sells Vale for 6 million when its worth is 2-3 million max... oh no we are stuck with him then!

 

[GodsGift]

Kieran Maguire (aka PriceOfFootball on Twitter) believes it to be Oldham, Bolton and Coventry and Leyton Orient in League Two. He's normally pretty reliable with this sort of thing.

 

[valefan16]

Kieran Maguire (aka PriceOfFootball on Twitter) believes it to be Oldham, Bolton and Coventry and Leyton Orient in League Two. He's normally pretty reliable with this sort of thing.

Orient is quite obvious to be fair, they will be lucky to find themselves in the National League (unless rules have changed) and have another Chester written all over them.

Coventry are a mess that's obvious, Bolton I assume is longer term problems as had huge financial issues. Didn't realise things were bad at Oldham mind?

 

[PuB]

Not surprised if it is Bolton, don't they have astronomical debts?

 

[GodsGift]

Orient is quite obvious to be fair, they will be lucky to find themselves in the National League (unless rules have changed) and have another Chester written all over them.

Coventry are a mess that's obvious, Bolton I assume is longer term problems as had huge financial issues. Didn't realise things were bad at Oldham mind?

Oldham have winding up orders apparently.

 

[Indian Dan]

Don't think it's us at all. Power maybe a useless lardarse but he's got our debts way down and we actually made a profit according to the latest accounts.

Saying all that, who really knows what's lurking behind abbreviated accounts and owner musings.

 

[Muzzle]

Not surprised if it is Bolton, don't they have astronomical debts?

'Sigh' no we don't, all debt was owned to the previous owner who wrote it off with a codicil saying he would get a % of the prmeiership money if we ever got back there. He still has 15 mill in the club which is due if and when the new owner sells or again we get back in the premiership. We will further save money as 6/7 players who are still on premiership wages costing us about 6million a year in wages will be off our books at the end of the season

 

[WilsdenBantam]

'Sigh' no we don't, all debt was owned to the previous owner who wrote it off with a codicil saying he would get a % of the prmeiership money if we ever got back there. He still has 15 mill in the club which is due if and when the new owner sells or again we get back in the premiership. We will further save money as 6/7 players who are still on premiership wages costing us about 6million a year in wages will be off our books at the end of the season

Didn't Ken Anderson say you need to find £30 Million to get to the end of next season? You also owe money to caterers I believe and had to sell Zach Clough to pay wages. I understand the previous owners wrote debt off, however it soon wracks up Sky reported you were losing around £800,000 per month. If you're wondering were I have heard all this it's on our forum as some fans seem to have stated stalking Bolton and posting bits from Bolton news.

 

[valefan16]

800,000k a month Jesus!

 

[Bottega Don]

Bolton apparently are predicted e to lose 11M annually, that's very worrying for the club.

Got the info from this http://www.theboltonnews.co.uk/spor...ancial_problems_laid_bare_in_latest_accounts/

 

[Look Out There Are Llamas]

Yeah, but when we drop out the league in under a month there will only be three league sides. The Football League can then claim what a big improvement they've made.

 

[Muzzle]

Didn't Ken Anderson say you need to find £30 Million to get to the end of next season? You also owe money to caterers I believe and had to sell Zach Clough to pay wages. I understand the previous owners wrote debt off, however it soon wracks up Sky reported you were losing around £800,000 per month. If you're wondering were I have heard all this it's on our forum as some fans seem to have stated stalking Bolton and posting bits from Bolton news.

No. No, been sorted and this was about the caterers not sticking t the agreed contract, so he refused to pay them. Partly. Yes, but the majority of this is due to the plyers still on prem wages and his disagreement with Dean Holdsworth which has been resolved (he bought holdsworth shares), this will reduce when the season ends as their contracts will either be renewed on lower wages or they will leave, and if we went up this season, this loss would disappear.

 

[Muzzle]

Bolton apparently are predicted e to lose 11M annually, that's very worrying for the club.

Got the info from this http://www.theboltonnews.co.uk/spor...ancial_problems_laid_bare_in_latest_accounts/

Been resolved as this was all a hangover from the boardroom battle between anderson and holdsworth.Dean H borrowed over £5mill from blu marble and other assets were mortgaged at stupid rates before anderson bought the shares..........to be fair to Ken A he has been working to reduce the costs etc and this is where the figure of £800,000 loss a month was finally mentioned by Ken A as a loss. Think we still have at least three players on £16,000p/w (I know dont ask), a couple on 12-14, 000 and at least one on 10,000p/w, but as mentioned above, end of season, all but one will leave or agree reduced terms

 

[Muzzle]

If this was written late last year/early this year, it would probably be us as one of the three, however, the situation has vastly improved since around March time, Ken wouldn't put any money into the club apart from wages, as Dean wouldn't put any capital in, so it was a standoff for a large amount of time

 

[hold'um Oldham]

We are fooked as a club. We have very little going for us except history. We don't own any income streams really except match day revenue the rest has been streamlined into the pockets of the owners who are putting in the minimum amount.

We have very little chance of attracting investment and with the big clubs on our doorstep it's a miracle we have survived this long at our level.

We are desperate for new ownership but currently in a chicken and the egg scenario. It would take an astronomical euro win for a fan to get us out of the current situation and into an upward trend.

A slow rot is the best way to describe us

 

[Simpo]

Yes, things are uncertain at Latics. But I belong to the section of fans who think we'll roll along alright, we always have.

Hopefully we'll see a bit of continuity in the summer, and not the kind of meltdown that happened in 2016. A meltdown that was believed to be caused by... an uncertain financial situation.

 

[TrinidadsNumberOne]

I wonder if the League Two side isn't as obvious as we all think.

Leyton Orient are being run into the ground by a bitter owner who is choosing not to pay bills.

Morecambe on the other hand, have no money whatsoever and have failed to pay their players far more than Orient have this season.

I could be wrong but it's just a thought.

 

[RobboPOSH]

Bury must be one, funny club really - lording it up signing the ilk of Pope, Vaughan, Clarke et al - then shaking the collection buckets to cover the alleged five mortgages they have on Gigg Lane.

Wont be long til it all goes pop!

Wouldnt be suprised if the other two included Swindon/Chesterfield.

They don't call them the Shakers for nothing.

 

[Dan Phillips]

I wonder if the League Two side isn't as obvious as we all think.

Leyton Orient are being run into the ground by a bitter owner who is choosing not to pay bills.

Morecambe on the other hand, have no money whatsoever and have failed to pay their players far more than Orient have this season.

I could be wrong but it's just a thought.

Great shout that is bud.

 

[barnet_pls]

I'm amazed it's only 4 clubs tbh.

 

[valefan16]

Surely both Morecambe and Orient are on the knife edge at the moment based on reports.

 

[CFC91]

We will be one of them. Our debt is huge, we have no money man anymore, CCJs coming left right and centre and finances that what can't keep under control

Quite how this has been allowed to happen on good gates, Wembley appearances, cup wins, league titles and over £4m worth of player sales I don't know

Just one shambles after another at our club. Each week is waiting for the next embarrassment

If we aren't sold soon we could well follow Orient out the FL

 

[SpireLine]

I agree we are badly run, but I don't see that we are among the worst, and doubt we are one of the 4.

The CCJs seem to mostly be cockups to do with the shambles over the road, and there's no point in Dave Allen putting us in admin when almost all the money is owed to him.