Their financial troubles seem to be caused because of the owners efforts to use the club’s assets to develop a property deal which has not come off and for which they owe the club over a million quid.Quote:
Originally Posted by WhileTheChief..
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Their financial troubles seem to be caused because of the owners efforts to use the club’s assets to develop a property deal which has not come off and for which they owe the club over a million quid.Quote:
Originally Posted by WhileTheChief..
Yeah, just been looking at their accounts, and that's what I'm seeing. Similar, in some ways, to the ICT situation.Quote:
Originally Posted by ancient hibee
It doesn't look like they're making huge losses, for instance.
Dumbarton started a gofundme page yesterday with a revised target of raising 100k to pay player and staff wages and running costs for the rest of the season. The original target of 50k was reached in less than 2 days.
Almost 55k has now been raised. Again showing the remarkable love Scots have for their football clubs. Sadly, another case of shark owners taking over a club to get at the assets.
Like that. :thumbsup:Quote:
Originally Posted by stuart-farquhar
Quote:
Originally Posted by WhileTheChief..
Slippery slope this, how is it defined? Hibs reported a loss in the last set of accounts, and there seems to be expectations that we will again when the next set are announced, should Hibs not be in the professional leagues? Rangers have been reporting losses for a few years, hearts have been taking donations from both fans and Anderson, without those they’d be deep in losses.
Could be doing away with a large proportion of Scottish clubs if that’s the case.
There’s clearly a lot going on with this, the police have opened up a fraud investigation around the situation. It seems almost like the directors that don’t have a link with the owners have intentionally put the club in to admin to try and oust the owner, rather than a specific money issue.
Think you’re wrong there.The fraud investigation will look into the property development scheme. There is a specific money issue in that the club doesn’t seem to have any.Quote:
Originally Posted by davhibby
So you'd kick ourselves, hearts and rangers out the leagues?Quote:
Originally Posted by WhileTheChief..
Because ourselves and those two clubs are currently relying on constant outside investment.
I would say more neutral fans in Scotland would chip in a few quid to save a historic club like Dumbarton than they would for the likes of Inverness CT.Quote:
Originally Posted by PHeffernan
Don’t be silly.Quote:
Originally Posted by Onceinawhile
But those three clubs can't support themselves financially?Quote:
Originally Posted by WhileTheChief..
I think it’s fairly obvious that I don’t think these 3 clubs should be kicked out the league - there’s no comparison at all.
I also think you probably knew that before you replied to me.
The issue is that we do have outside investment and therefore aren't a going concern. Some other clubs don't have that and can't survive without . If Hibs outside investment dried up we could still support ourselves by cutting our cloth accordingly as we bring in enough money to at least still be a top 5/6 sized club in terms of income. Even if our around £1.5m SPFL prize money was to stop coming in the club would survive on tighter budgets.Quote:
Originally Posted by Onceinawhile
Right now there are football clubs down the pyramid that aren't supporting themselves at all and couldn't without the SPFL prize money.
You maybe missed my earlier question.Quote:
Originally Posted by WhileTheChief..
How are you defining "clubs who can't support themselves financially"?
Forget it, ignore me.Quote:
Originally Posted by CropleyWasGod
FFS when did folk get so antsy about throw away comments about Dumbarton.
I really don’t care that much and have no intention of defining anything.
Everyone else u see stood the general point I was making. You probably do too.
This could go right into Elon Musk's X handbook.Quote:
Originally Posted by WhileTheChief..
1) Gaslight the person asking the question.
2) Tell them you're not engaging
3) Tell them they're in the minority
Really?
How can you even be assed typing all that out based on my post about Dumbarton?
Do you guys really come on here just make these sorts of comments to put people down?
What was the actual point of your post other than having a go at me?
Quote:
Originally Posted by WhileTheChief..
When you post on a public forum, people are likely to respond, and ask you to elaborate on the point(s) you’ve made.
Multiple people have asked you this, and pointed out that what you said implies that Hibs, Hearts and Rangers would be removed from the league based on what you said, hence why people have asked you to elaborate.
Dumbarton game off.
Got family through there so visit sometimes and the problem as in most places is that the whole place supports the two ugly sides of Glasgow
So basically property developers have been stymied by the stadium for years and now may be trying more insidious tactics to get Dumbarton out of the way.
Bunch of ****ing parasites.
Looks like our 1887 Cup Final opponents are coming back as a newco after their liquidation.
I was surprised to learn that Dumbarton folding and entering the league as a new club require the approval of the SPFL board rather than a vote by the clubs. Personally, I think they should have to start at the bottom of the pyramid rather than enter League 2.
Sfa uefa fifa should be protecting clubs from overspending not creating the vacuum to overspend leading to bankruptcy and doing it again. A fair football structure with no debt and living within budgets.
Boot them out the League let them start from the bottom especially after they put in a protest about Darling Willie Groves being a professional 😀Quote:
Originally Posted by Pagan Hibernia
Football fans have long memories :greengrinQuote:
Originally Posted by BILLYHIBS
Administration threads really do show up how uninformed many football fans are as they really do think Administration (or liquidation) is a big deal when in fact it's all just one con trick so that clubs just shaft the creditors pay them back at 10p in the £ or whatever and just simply start all over again usually in exactly the same stadium.
Remember all wailing and whining and knashing of teeth over Dundee (twice), Livi (twice), Airdrie, Motherwell, Morton, Inverness and of course our poppy thieving neighbours.
Old Rangers took it one step further and were liquidated though you would hardly think so and Gretna and Clydebank reincarnated under slightly different names so Dumbarton pulling the age old magic trick was entirely predictable.
Next season expect another sob story about some another club when in reality 6 months later and they will be back again as they always are after some tiny cosmetic change.
Only travelled through to Boghead once.
Took the day off work to drive through with ex Supportes Association chairman Ronnie Ferguson in the early 70’s….only to discover that the match had been called off!
I remember Pat Stanton getting the sack after they beat us 3-2 at ER, so they're getting no sympathy from me.
Haha.Quote:
Originally Posted by BILLYHIBS
Wasn't it Vale of Leven who protested about that?