LatapyBairn. Posted December 21, 2022 Share Posted December 21, 2022 (edited) 2 hours ago, TxRover said: Falkirk have an announced £600,000 budget hole…just saying… Think you’ve misread the statement, the club are on course to make a 400k operating loss and that’s despite increasing income by 600k in this year. The 400k has since been raised incidentally so there is no immediate panic however the same problem will just arise again in the next financial year should we both fail to gain promotion and chose to sustain the same levels of player spending, something will have to give in those circumstances unless the guys running the club can somehow pull a rabbit out the hat again this time next year. Edited December 21, 2022 by LatapyBairn. 1 Quote Link to comment Share on other sites More sharing options...
LatapyBairn. Posted December 21, 2022 Share Posted December 21, 2022 What are the consequences of going into administration now from the leagues point of view? Does anybody know the rules? I’m sure the last club it happened to outwith sevco was Dundee and at that time the SFL gave them a 25 point deduction. 0 Quote Link to comment Share on other sites More sharing options...
GiGi Posted December 21, 2022 Share Posted December 21, 2022 ^ 3 Quote Link to comment Share on other sites More sharing options...
johnnydun Posted December 22, 2022 Share Posted December 22, 2022 1 hour ago, LatapyBairn. said: What are the consequences of going into administration now from the leagues point of view? Does anybody know the rules? I’m sure the last club it happened to outwith sevco was Dundee and at that time the SFL gave them a 25 point deduction. Nothing much to worry about tbh, couple of 5ers in a bucket saves the club. 1 Quote Link to comment Share on other sites More sharing options...
Zen Archer (Raconteur) Posted December 22, 2022 Share Posted December 22, 2022 1 hour ago, gav-ffc said: 400,000k and it has been filled from what people have been told. Has it been filled with hot air? 0 Quote Link to comment Share on other sites More sharing options...
diegomarahenry Posted December 22, 2022 Share Posted December 22, 2022 These stories go about every couple of years and they are rarely true. It's normally one chairman that hints at other clubs as well as themselves are struggling, etc. No clubs mentioned and no one goes bust. It would be some laugh if it was Ayr though, completely out the blue. New offices and shop as well as a pub built, announce work on a new stand to start in the summer of 2023, get the best performing team on the park for 5 years, it would be a bit of a shock to say the least. I strongly doubt any club will even go in to administration never mind bust this season. 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted December 22, 2022 Share Posted December 22, 2022 2 hours ago, LatapyBairn. said: What are the consequences of going into administration now from the leagues point of view? Does anybody know the rules? I’m sure the last club it happened to outwith sevco was Dundee and at that time the SFL gave them a 25 point deduction. 15 points that year, or the following year if happens in the closed season…5 points the next year…except, if they’ve done it within the last 5 years, it’s 25 and 15. 0 Quote Link to comment Share on other sites More sharing options...
The Ghost of B A R P Posted December 22, 2022 Share Posted December 22, 2022 Hamilton. Inverness. Raith. No idea who the fourth club might be... but the OP's suggestion it might be Morton or (f**k me) Arbroath is beyond wild. The above three could easily find themselves in administration by the end of the year. Not saying that will happen, but dismissing it is just whistling in the dark; the financial/operational dangers at this level of Scottish football are very, very real. 0 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted December 22, 2022 Share Posted December 22, 2022 6 hours ago, diegomarahenry said: These stories go about every couple of years and they are rarely true. They're always true. Nearly every club is in some kind of financial distress. Very few are viable businesses without subsidy by benefactors or donations. I wouldn't like to be owed money by a football club. 1 Quote Link to comment Share on other sites More sharing options...
Stephen Malkmus Posted December 22, 2022 Share Posted December 22, 2022 Our battery storage project will bring in millions. Better luck next time, losers and haters. 1 Quote Link to comment Share on other sites More sharing options...
stu2910 Posted December 22, 2022 Share Posted December 22, 2022 9 hours ago, LatapyBairn. said: What are the consequences of going into administration now from the leagues point of view? Does anybody know the rules? I’m sure the last club it happened to outwith sevco was Dundee and at that time the SFL gave them a 25 point deduction. When Dundee got 25 they basically made the rules up as they went along as far as I can remember. Pretty sure soon after that the punishment became one third of the points tally from the previous season and I think that's what Rangers received. Didn't realise they changed it again to what TxRover said but that seems to be the case. 0 Quote Link to comment Share on other sites More sharing options...
Mon eh Ton Posted December 22, 2022 Share Posted December 22, 2022 9 hours ago, diegomarahenry said: It would be some laugh if it was Ayr though, completely out the blue. Blew the budget on a Somerset Boab record deal. 0 Quote Link to comment Share on other sites More sharing options...
Richey Edwards Posted December 22, 2022 Share Posted December 22, 2022 Only one football team in the Scottish leagues has gone bust in the past ten years. I wouldn't worry though. I am sure the fans and board of every club will actually do something about it unlike the fans of that dead club. 7 Quote Link to comment Share on other sites More sharing options...
PossilYM Posted December 22, 2022 Share Posted December 22, 2022 19 minutes ago, Richey Edwards said: Only one football team in the Scottish leagues has gone bust in the past ten years. I wouldn't worry though. I am sure the fans and board of every club will actually do something about it unlike the fans of that dead club. Thing is, if you bust and come back, are you the same club? 1 Quote Link to comment Share on other sites More sharing options...
Richey Edwards Posted December 22, 2022 Share Posted December 22, 2022 2 minutes ago, PossilYM said: Thing is, if you bust and come back, are you the same club? No. 5 Quote Link to comment Share on other sites More sharing options...
DA Baracus Posted December 22, 2022 Share Posted December 22, 2022 12 hours ago, gav-ffc said: 400,000k and it has been filled from what people have been told. £400,000,00?! That's quite the sum to find. 0 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted December 22, 2022 Share Posted December 22, 2022 10 minutes ago, DA Baracus said: £400,000,00?! That's quite the sum to find. Not to Falkirk, they could find trillions. They pay back every penny. I'm sure I remember it being mentioned once. 0 Quote Link to comment Share on other sites More sharing options...
jagfox Posted December 22, 2022 Share Posted December 22, 2022 The link on the Begbie side doesn't even link to the report which apparently was published in October. Most people and businesses are aware of increased pressures on finances in the current financial climate. Seems a bit click-baity from The Herald as the article does not give any specifics. A football club at this level probably has less turnover than your local Tesco Metro without the profits. 1 Quote Link to comment Share on other sites More sharing options...
Sortmeout Posted December 22, 2022 Share Posted December 22, 2022 Seems like too many clubs were relying on the blue pound last season. If your clubs can hold on until next August we’ll probably be back. 0 Quote Link to comment Share on other sites More sharing options...
jagfox Posted December 22, 2022 Share Posted December 22, 2022 3 minutes ago, Sortmeout said: Seems like too many clubs were relying on the blue pound last season. If your clubs can hold on until next August we’ll probably be back. ^^^ big team found 3 Quote Link to comment Share on other sites More sharing options...
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