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In debt and querying..

vKompany

Member
Jan 25, 2010
198
0
0
35
I'm in debt of £-728k (now entering season 4 with Stockport, in the Blue Square Premier).

We went down in the first season. Came back up and were making a profit. I then sell some players and I have to pay the loyalty bonus for players who I sell :'(. I sold players so we're down to the minimum yet in the second half of the season started losing money again and we are now in an insecure financial position and any other players I sell I suspect will ask for their loyalty bonus money.

I'm not asking for any help/link to debt helping thread, but I'm just wondering how much into debt you have to be before you hit administration. In real life if your in the Blue Square Premier and you hit administration before the season starts you get demoted out of all the Blue Square leagues meaning I would then get the sack. If this doesn't happen it will be a 10 point deduction at least.

Anyone know how much you need to be in debt before slipping into admin? I'm starting to panic a bit over it.
 

Seano

Member
Jul 29, 2009
1,414
0
0
I'd say around 1-2million for blue square premier league. Also, check your Chairmas status.
 

FM Nutter

Member
Aug 17, 2009
325
0
0
Yeah, If the club keep losing money and the finances just keep going down into the millions, chances are you will get a point deduction and go into Administration. As Seano mentioned above, if the club are losing money, the Chairman is obviously in a bad state financially and maybe will want to sell the club. The only thing with that is, getting brought by someone wont necessarily mean you will get out of debt.
 
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