Derby in Administration

[Lago]

Another English club with a past history of success falls into administration, how many more on the brink through chasing EPL big bucks 🤔

[Billy Whizz]

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Another English club with a past history of success falls into administration, how many more on the brink through chasing EPL big bucks 🤔

Living beyond their means. Am I right in thinking that the players keep their contracts, as they are key assets
Not sure the money owed to Cocu and co is secured though

[04Sauzee]

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Living beyond their means. Am I right in thinking that the players keep their contracts, as they are key assets
Not sure the money owed to Cocu and co is secured though

To come out of admin do not all footballing debts have to be repaid? Would monies to Cocu be regarded as a footballing debt?

[Billy Whizz]

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To come out of admin do not all footballing debts have to be repaid? Would monies to Cocu be regarded as a footballing debt?

Think that’s the rule now, him and his assistants are due £8m. The ones that will lose their jobs are the poorest paid at the club
I’m sure 1st time Motherwell went into admin, they laid off players, long time ago though

[Steven79]

Apparently Rooney is on £90,000 per week so it's hard to feel sorry for him or the club...

[The dalmeny]

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Apparently Rooney is on £90,000 per week so it's hard to feel sorry for him or the club...

that’s not his fault, also read he was basically subsidising the teams away games

[JohnMcM]

Only out of interest. I wonder if the administration ‘rules/processes’ in England are the same as here?

[Viva_Palmeiras]

Farce. Given the money sloshing about down south.
Deserve everything that financial mismanagement reaps.

[Billy Whizz]

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Only out of interest. I wonder if the administration ‘rules/processes’ in England are the same as here?

Think Hearts were deducted 15 pts, where as Derby lose 12

[jacomo]

This will cheer up the Forest fans!

[stu in nottingham]

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This will cheer up the Forest fans!

I wish something would - I've never seen as many long faces here. It's making me feel quite depressed!

[Crunchie]

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Another English club with a past history of success falls into administration, how many more on the brink through chasing EPL big bucks 🤔

Sad times for a great club.

[Lago]

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Sad times for a great club.

👍

[BegbieHSC]

The level of money involved in the premiership compared to the championship is so significant, some owners will take a speculate to accumulate approach in the hope the vast wealth of the top flight will pay the bills and loans from the championship days. This has backfired MASSIVELY for Derby County.

This will also keep happening to the clubs that have spent time in the premiership, spent a fortune while in the top flight and subsequently been relegated and failed to get back up quickly. I’m looking at the Welsh two as potential followers.

While the money in the English top flight is incredible, it’s killing the clubs in the lower tiers, and the house of cards is slowly crashing down on the English game.

When the likes of Everton/Arsenal - even Crystal Palace/West Brom outspend the likes of Bayern Munich and Real Madrid, you know something’s up.

[BegbieHSC]

Incidentally, the accounts last year from English clubs are stark.

Man City - £126m loss
Arsenal - £54m loss
Liverpool - £46m loss.

That’s with the incredible TV revenue they receive. Naturally, Covid has an impact, but if you look across the water, Bayern were very disappointed with their accounts as they only recorded a €17m profit.

Bayern, who have made big signings over the years haven’t recorded a single loss since 2003, and that was a loss of €2m. Over that period they’ve won 2 champions leagues, and countless other trophies - more success than any English club. In the summer there, they were fretting on whether to spend €10m on a player, as they didn’t want to risk making a loss, even with hundreds of millions in reserves.

Some call it cheap, but I call it responsible, which is night and day from the English game/Barcelona. Man Utd are hundreds of millions in debt, and win nothing.

The English clubs should really take a leaf out of many continental teams, and see making a loss as a dreadful thing, otherwise there will be more, bigger scalps than Derby County.

[stu in nottingham]

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Incidentally, the accounts last year from English clubs are stark.

Man City - £126m loss
Arsenal - £54m loss
Liverpool - £46m loss.

That’s with the incredible TV revenue they receive. Naturally, Covid has an impact, but if you look across the water, Bayern were very disappointed with their accounts as they only recorded a €17m profit.

Bayern, who have made big signings over the years haven’t recorded a single loss since 2003, and that was a loss of €2m. Over that period they’ve won 2 champions leagues, and countless other trophies - more success than any English club. In the summer there, they were fretting on whether to spend €10m on a player, as they didn’t want to risk making a loss, even with hundreds of millions in reserves.

Some call it cheap, but I call it responsible, which is night and day from the English game/Barcelona. Man Utd are hundreds of millions in debt, and win nothing.

The English clubs should really take a leaf out of many continental teams, and see making a loss as a dreadful thing, otherwise there will be more, bigger scalps than Derby County.

Agree with all of this.

Interesting to note too that (I think) Bayern's cheapest match tickets are around just 15 euro whilst the least expensive Derby tickets are around £33. I know which team I'd rather watch. As for losses, Derby County's chairman was complaining about losing £3m a month three years ago.

I think what's developing is a situation where there will be more and more 'yo-yo' clubs between the Premiership and Championship with other clubs finding it hard to compete financially with clubs dropping down with a parachute payment. I get the feeling that a few club chairmen won't mind too much not having to finance a new season in the Premiership. I know a few Forest fans certainly who would prefer to be competitive in the Championship in the future rather than getting their ass kicked in the Premier every week.

I detest the Premier actually. It is ruining football and the teams outside of it are largely being abandoned. It won't end well for many.

[green day]

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Incidentally, the accounts last year from English clubs are stark.

Man City - £126m loss
Arsenal - £54m loss
Liverpool - £46m loss.

That’s with the incredible TV revenue they receive. Naturally, Covid has an impact, but if you look across the water, Bayern were very disappointed with their accounts as they only recorded a €17m profit.

Bayern, who have made big signings over the years haven’t recorded a single loss since 2003, and that was a loss of €2m. Over that period they’ve won 2 champions leagues, and countless other trophies - more success than any English club. In the summer there, they were fretting on whether to spend €10m on a player, as they didn’t want to risk making a loss, even with hundreds of millions in reserves.

Some call it cheap, but I call it responsible, which is night and day from the English game/Barcelona. Man Utd are hundreds of millions in debt, and win nothing.

The English clubs should really take a leaf out of many continental teams, and see making a loss as a dreadful thing, otherwise there will be more, bigger scalps than Derby County.

In the period you mention, Spanish clubs have won it 8 times, English 5 times.

Not sure the point you are trying to make.

[Keith_M]

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In the period you mention, Spanish clubs have won it 8 times, English 5 times.

Not sure the point you are trying to make.

They're also in much greater debt than any English Club, so it's a pretty bad comparison.

[Onceinawhile]

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They're also in much greater debt than any English Club, so it's a pretty bad comparison.

Man u and Chelsea both have pretty big debts I think?

Or did abramovich write it off?

[BegbieHSC]

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They're also in much greater debt than any English Club, so it's a pretty bad comparison.

Bayern? They’re in no debt whatsoever, so no, it’s not a bad comparison. I’ve got no idea where you got that idea from.

https://showsport.me/football/bayern-borussia-psg-bundesliga-1542321


How could they be if they’ve turned a profit every year for the past 18 years? They briefly had stadium debt for the Allianz Arena, which they paid off 16 years early.

My point is you can be successful if you’re responsible, play within the rules and not risk the future of your club.

Bayern are one club - not multiple, so you can’t compare the success of Bayern against entire leagues 😂.

[BegbieHSC]

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In the period you mention, Spanish clubs have won it 8 times, English 5 times.

Not sure the point you are trying to make.

Bayern are one club, not an entire league.

They’re also the only team in that period to have won multiple Champions leagues, and not be in significant debt. In fact - they have no debt whatsoever. Every single Spanish/English Club to have won it in that period are in mountains of debt, and you can see clearly why they were so in to the ‘Super League.’

My point is, if you’re fiscally responsible, well run and ambitious you can be successful, without financial doping, and risking the future of your club, as English sides have done, and indeed Barcelona too.

[Onceinawhile]

Should've been relegated for this last season and they clung on as long as they could to shaft Wycombe.

[MWHIBBIES]

Bayern have the pick of the whole nation in terms of players, English clubs actually have to compete with eachother. That is a big money saver for Bayern. If a good player wants to stay in germany, there is only 1 team. In English, they can chose from at least 6.

[BegbieHSC]

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Bayern have the pick of the whole nation in terms of players, English clubs actually have to compete with eachother. That is a big money saver for Bayern. If a good player wants to stay in germany, there is only 1 team. In English, they can chose from at least 6.

Interestingly, Dortmund and Gladbach sign significantly more players from fellow Bundesliga clubs than Bayern do. Their problem is they sell too cheaply abroad. The Bundesliga is actually a really competitive league, and a much better watch than the EPL. The Bundesliga 2 is really strong at the moment as well, with big clubs like Bremen, Schalke, Hannover and Hamburg fighting it out.

Bayern are just the freaks and several steps above the other big clubs.

Dortmund have real potential - they have the highest attendance in the league, but they have a massive inferiority complex to Bayern. Reckon either them, Gladbach or Leipzig will put in a challenge in the not too distant future though.

[Is It On....]

"Derby lost £14.7m in 2016 and £7.9m in 2017. And they were heading for further heavy losses in 2018, which would have breached the EFL's profit and sustainability rules allowing a cumulative £39m loss over a three-year period, until they confirmed Morris had bought the Pride Park stadium from the club for £80m." The EFL gave them, and Sheffield Wednesday, a free pass in the form of a meaningless fine for gerrymandering their accounts. I feel sorry for the clubs that were relegated from the Championship whilst so called big clubs were effectively let away with cheating.