-
Long story really but a brief synopsis.
Local multi-millionaire buys a club on the brink of promotion.
Failed play offs. Money thrown at players to reach promised land.
Still fail at promotion in following seasons and debts run up to FFP limits.
Club do some grey area accounting and think all is good. EFL decide to investigate due to other clubs complaining of our accounting methods and sale of stadium, none of which are against any actual rules written at the time.
Lots of court cases and independent disciplinary commissions over the course of 18 months. All the while the club is put under several soft transfer embargoes so maintaining a competitive squad is difficult.
Sack some managers and some players. Lose more money. Court cases mount up with legal fees.
COVID.
Failed attempts to sell the club to whoever is interested in buying it. Fake sheikhs, Spanish wannabe gangster, others…
Still haemorrhaging money left, right and centre. Found not guilty of financial irregularities but EFL keep appealing until they get their verdict. Club fails to pay some debts and the EFL therefore don’t pay us the £8m we were looking to get from the premier league hand out.
This is all without discussing how bad the team has got from where we were just a few seasons ago.
Latest buyers pulled out last week with news leaked from EFL that they are pursuing a points deduction for the financial irregularities that we were cleared of by an independent panel. Seems like a war between the current owner and the EFL and my team and the small businesses who depend on the club are the ones that will pay the ultimate price.
Fuck football.
how with all the (literally dumb amounts of) money swilling about the english game do you let your stewardship of a heritage club lead to its administration. have to truly fsck it
commiserations user roboto : /