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That is the issue we have being a club of our stature.
Clubs like Sunderland, whilst still losing money, know that they can rely on gates of 20k+ and similar to their much bigger Geordie cousins they all buy shirts in the club shop.
We struggle for gates of 10k (home fans) even in the Championship and I would say the majority of those don’t buy shirts.
Then you factor in the future. I would say most kids up that way support Sunderland or Newcastle. We have a town full of plastic scouers and mancs who in turn bring their kids up to support Liverpool or Utd. The odd one or two (such as myself) may rebel and support Wigan, but the fact our “family stand” is usually half empty is always somewhat of a concern.
Currently…..we are unable to sell season tickets and are reliant on the club shop and streams. People who don’t buy the kit however won’t suddenly start to buy the kit because we are admin. Just won’t happen.
So basically, we are in a far worse position than other clubs who have or may go into admin. Previous clubs still had matchdays to make money from to cover costs. We have nothing.
Streaming channels and other small incomes you quote come nowhere near to the monthly wage bill mutt you still have players earning obscene wages and parachute payments only last 3 seasons. Surely you must be worried especially as you have followed our struggles. I came to like Your owner as he seemed to understand the need to make massive cutbacks in expenditure although he didn’t have the necessary time to implement them before covid hit. He also saw he needed massive investment from outside or he would need to sell up. Again thanks to this covid shit he has had to put the club up for sale. Sure once fans are allowed in again Sunderland can make a recovery by getting the masses back into the stadium but I’m sure at present their debt is growing on a weekly basis.
Our administration has been different though egg. We didn’t run out of money and couldnt pay the players and we were paying the necessary debts on time. For whatever the real reason is Choi and Yeung planned it to happen and scarpered at the earliest opportunity. At the time we had huge assets in Robinson and Gelhardt who would have brought in millions a few week later a d all would have been rosy. Unlike all the other clubs as well we were only operating for a few months without fans before admin. This season we have been running on less than a shoestring budget selling off what’s needed to fund the cost of this season. Using academy players on very low wages and bringing in players who were unwanted elsewhere again earning buttons. All the other clubs have still been trying desperately to operate as normal. So I dont see how we can be in a worse position during this period than the rest. Our debt is still coming down and if an owner comes in and pays the asking price it should disappear. How many other clubs will be saying the same
Streaming channels and other small incomes you quote come nowhere near to the monthly wage bill mutt you still have players earning obscene wages and parachute payments only last 3 seasons. Surely you must be worried especially as you have followed our struggles. I came to like Your owner as he seemed to understand the need to make massive cutbacks in expenditure although he didn’t have the necessary time to implement them before covid hit. He also saw he needed massive investment from outside or he would need to sell up. Again thanks to this covid shit he has had to put the club up for sale. Sure once fans are allowed in again Sunderland can make a recovery by getting the masses back into the stadium but I’m sure at present their debt is growing on a weekly basis.
Not worried as whilst the wage bill is too high, all new signings have been made with this now-outlawed Salary Cap, hence why we have such dog-shit on the pitch in most positions. Our left back was released by Plymouth last season FFS….
In terms of income, £20m of the parachute payments were kept back by the owners in the form of a loan from the club to the holding company. It stank at the time, but the owners were adamant that they had done nothing wrong and the “loan” would be repaid. My understanding is that money is being drip-fed back into the club as and when it is needed. As I have already said, there was a lot of ST sold and a lot of fans are buying streaming passes for away games. Next month there would have been 5000 Sunderland fans at the DW, each paying £20 each – £100K for WAFC and nowt for SAFC. Instead there’ll be 5000 streams sold at £10 each, where you get the income from the first 500 and we get the rest – £5,000 for WAFC and £45,000 for SAFC. Replicate that over the season and away games suddenly become quite lucrative for a well-supported club.
The owners, whilst appearing all nicey at the start were quickly found out to be chancers who had bet the house on an instant return to the championship, where they could flog us for a profit. When that didnt happen, they didnt have a plan B or the money to fund a plan B, hence why we went up for sale just over a year ago. A mixture of too many draws, change of manager and a season-ending pandemic just after we’d taken 1 point from 2 games meant we were pipped for a play-off spot on PPG. Had that last game been called off and had we not conceded a 95th minute equaliser in the next to last game, then we would have been in the play-offs. Small margins eh?
Our administration has been different though egg. We didn’t run out of money and couldnt pay the players and we were paying the necessary debts on time. For whatever the real reason is Choi and Yeung planned it to happen and scarpered at the earliest opportunity. At the time we had huge assets in Robinson and Gelhardt who would have brought in millions a few week later a d all would have been rosy. Unlike all the other clubs as well we were only operating for a few months without fans before admin. This season we have been running on less than a shoestring budget selling off what’s needed to fund the cost of this season. Using academy players on very low wages and bringing in players who were unwanted elsewhere again earning buttons. All the other clubs have still been trying desperately to operate as normal. So I dont see how we can be in a worse position during this period than the rest. Our debt is still coming down and if an owner comes in and pays the asking price it should disappear. How many other clubs will be saying the same
Because every other club has an owner who can put money in when needed.
We are paying the wages albeit small, with income alone and no other means of generating money.
Our administration has been different though egg. We didn’t run out of money and couldnt pay the players and we were paying the necessary debts on time. For whatever the real reason is Choi and Yeung planned it to happen and scarpered at the earliest opportunity. At the time we had huge assets in Robinson and Gelhardt who would have brought in millions a few week later a d all would have been rosy. Unlike all the other clubs as well we were only operating for a few months without fans before admin. This season we have been running on less than a shoestring budget selling off what’s needed to fund the cost of this season. Using academy players on very low wages and bringing in players who were unwanted elsewhere again earning buttons. All the other clubs have still been trying desperately to operate as normal. So I dont see how we can be in a worse position during this period than the rest. Our debt is still coming down and if an owner comes in and pays the asking price it should disappear. How many other clubs will be saying the same
Because every other club has an owner who can put money in when needed.
We are paying the wages albeit small, with income alone and no other means of generating money.
Absolutely correct egg but we are not amassing debts along the way trying to survive the season that’s my point. Many other clubs are going further into debt so as long as a new owner pays the asking price we will be ok even if it’s in Div 2.
The problem is (and this may be why nobody has bothered to buy us) that they are instantly £5m down the second they sign the contract in order to see us through the next 2 seasons. With no guarantee of crowds this season in any great numbers and the probability of L2 football and needing to rebuild the squad again it’s a lot of money to throw away.
Other clubs will still have income from season tickets that we don’t and can sell players at their going rate as opposed to dealing in pence.
There will be plenty of clubs struggling as there was pre-covid, but from an administration point of view it literally couldn’t have come at a worse time.
In terms of location, accessibility & comfort:
Sunderland
Hull
Doncaster
Peterborough
Charlton
Wimbledon
MK Dons
Plymouth
IpswichPossibles:
Shrewsbury
NorthamptonAbsolute nonsense ! Have you been to any of these grounds?
All, bar Wimbledons.
For those who think the DW is a state of the art stadium, eclipsing almost every ground in L1, I’ll ask this simple question:
In 9 months why hasnt it been snapped up at £3m?
I have no reason to doubt you but if you really have been to these stadiums you will agree with me how inaccessible most of them are.The DW is no longer a state of the art stadium ,nobody on here would claim that it is but it’s a damn site better and better located than most of the clubs on your list.As regards why it has not been snapped up ,as you are well aware the whole club is for sale not just the stadium.
In terms of location, accessibility & comfort:
Sunderland
Hull
Doncaster
Peterborough
Charlton
Wimbledon
MK Dons
Plymouth
IpswichPossibles:
Shrewsbury
NorthamptonAbsolute nonsense ! Have you been to any of these grounds?
All, bar Wimbledons.
For those who think the DW is a state of the art stadium, eclipsing almost every ground in L1, I’ll ask this simple question:
In 9 months why hasnt it been snapped up at £3m?
If you have been to these stadiums you will know how inaccessible some of them are.The DW is no longer a state of the art stadium ,nobody on here will claim that it is ,but it is a damn site better and is in a better location than a lot a lot of the stadiums on your list.As regards your last point ,you know full well that the club is up for sale not just the stadium.
In terms of location, accessibility & comfort:
Sunderland
Hull
Doncaster
Peterborough
Charlton
Wimbledon
MK Dons
Plymouth
IpswichPossibles:
Shrewsbury
NorthamptonAbsolute nonsense ! Have you been to any of these grounds?
All, bar Wimbledons.
For those who think the DW is a state of the art stadium, eclipsing almost every ground in L1, I’ll ask this simple question:
In 9 months why hasnt it been snapped up at £3m?
I have no reason to doubt you but if you really have visited these grounds you will agree how inaccessible a lot of them are .The DW is no longer a state of the art stadium I don’t think anyone on here claims that it is but it’s a damn site better and better located than most of the stadiums you have listed.As regards why the ground has not been snapped up,it might have escaped your attention the whole club is for sale not just the stadium.
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