Showing posts with label Financial Problems. Show all posts
Showing posts with label Financial Problems. Show all posts
Friday, September 23, 2016
Friday, August 05, 2016
Thursday, May 06, 2010
Monday, April 26, 2010
Friday, February 26, 2010
It's Not Just Portsmouth
The financial problems that now have seemed to have caught up with Portsmouth also plagued soccer clubs in other divisions of English soccer.
English League Championship club Crystal Palace recently went into administration themselves and were assessed a 10-point reduction penalty and are now in danger of relegation from the second level of England's football-----errrr-----soccer pyramid.
Meanwhile, down in League Two, the lowest level in the English Football League, AFC Bournemouth are trying to avoid the same fate, or possibly even worse, while at the same time, making a run at promotion to League One. Another club in the fourth level of English soccer, Notts County, narrowly avoided going into administration themselves.
Meanwhile, the English Conference, the fifth level, and highest non-league level, lowered the boom Friday on Chester.
And it's not restricted to England.
Over in the Republic of Ireland, Cork City FC from that country's Premiership went under this past week because of their own financial problems. In their case, they failed to pay a tax bill.
Derry City (based in Londonderry, Northern Ireland) were expelled from the Republic of Ireland's soccer association last November in the wake of a players salary scandal. The Candystripes have since resurfaced in the Irish Republic's second tier, the League of Ireland's First Division.
In Russia, two weeks ago, after their financial backer pulled out, FC Moscow withdrew from that country's Premier League.
And then, there was the episode surrounding Excelsior Mouscron being thrown out of Belgium's Jupiler League (that's country's top flight) this past December, with their results expunged from league records.
Added material: Financial problems finally did in this Dutch second-division club back on January 25. And no, they were NOT nicknamed the Globetrotters.
I wonder if all these financial problems are lost on the powers that be----in both management and labor----in Major League Soccer. That league's collective bargaining agreement with its' players expired this past week. There is a chance that there would still be MLS soccer this season under the now-expired agreement although a strike or lockout is still not out of the question.
English League Championship club Crystal Palace recently went into administration themselves and were assessed a 10-point reduction penalty and are now in danger of relegation from the second level of England's football-----errrr-----soccer pyramid.
Meanwhile, down in League Two, the lowest level in the English Football League, AFC Bournemouth are trying to avoid the same fate, or possibly even worse, while at the same time, making a run at promotion to League One. Another club in the fourth level of English soccer, Notts County, narrowly avoided going into administration themselves.
Meanwhile, the English Conference, the fifth level, and highest non-league level, lowered the boom Friday on Chester.
And it's not restricted to England.
Over in the Republic of Ireland, Cork City FC from that country's Premiership went under this past week because of their own financial problems. In their case, they failed to pay a tax bill.
Derry City (based in Londonderry, Northern Ireland) were expelled from the Republic of Ireland's soccer association last November in the wake of a players salary scandal. The Candystripes have since resurfaced in the Irish Republic's second tier, the League of Ireland's First Division.
In Russia, two weeks ago, after their financial backer pulled out, FC Moscow withdrew from that country's Premier League.
And then, there was the episode surrounding Excelsior Mouscron being thrown out of Belgium's Jupiler League (that's country's top flight) this past December, with their results expunged from league records.
Added material: Financial problems finally did in this Dutch second-division club back on January 25. And no, they were NOT nicknamed the Globetrotters.
I wonder if all these financial problems are lost on the powers that be----in both management and labor----in Major League Soccer. That league's collective bargaining agreement with its' players expired this past week. There is a chance that there would still be MLS soccer this season under the now-expired agreement although a strike or lockout is still not out of the question.
Monday, September 28, 2009
NOOOOOOO! Not Grasshoppers?!
For Switzerland's most successful soccer club, this has certainly NOT been the best of times.
Wednesday, June 10, 2009
Friday, May 29, 2009
Monday, May 19, 2008
Talk About Your Relegated Clubs
The end may be near for a club that was recently relegated from the Scottish Premier League:
The staff were summoned to an 11am meeting with administrator David Elliot of Wilson Field Ltd, where the news that money has run out was confirmed.
There remains a glimmer of hope for Gretna, who have been relegated from the Clydesdale Bank Premier League, with one potential buyer still looking at the club.
Director of football Mick Wadsworth, who loses his job, said: 'All the staff have been made redundant this morning.
'We're told there is still one interested party, but because there are no funds at the moment to carry on then everybody has been made redundant.
'So the assumption from that, for most of us, is that it's the end of the line regarding employment at Gretna.'
Gretna could still take their place in the Scottish Football League next season, if a quick sale can be achieved and the club can be revived.
I believe that this was the club that won three consecutive promotions to climb up to the top flight in Scottish soccer. Unfortunately, they certainly looked like they were in way over their heads.
The staff were summoned to an 11am meeting with administrator David Elliot of Wilson Field Ltd, where the news that money has run out was confirmed.
There remains a glimmer of hope for Gretna, who have been relegated from the Clydesdale Bank Premier League, with one potential buyer still looking at the club.
Director of football Mick Wadsworth, who loses his job, said: 'All the staff have been made redundant this morning.
'We're told there is still one interested party, but because there are no funds at the moment to carry on then everybody has been made redundant.
'So the assumption from that, for most of us, is that it's the end of the line regarding employment at Gretna.'
Gretna could still take their place in the Scottish Football League next season, if a quick sale can be achieved and the club can be revived.
I believe that this was the club that won three consecutive promotions to climb up to the top flight in Scottish soccer. Unfortunately, they certainly looked like they were in way over their heads.
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