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The Times reports that Wigan Athletic has been black-listed by the credit checking agency Riskdisk.
This means that companies involved in trades with these clubs are being advised to limit credit limits to these clubs.
euFootball.BIZ says the analysis has been based on a list of financial details such as balance sheet information, court records and payment history, reports.
It does not factor in details such as whether the club has a rich owner and so there are some surprise organizations in the list.
The Premier League clubs that are considered a credit risk are Aston Villa, Birmingham City, Bolton Wanderers, Burnley, Chelsea, Everton, Fulham, Hull City, Liverpool, Manchester City, Portsmouth, Stoke City and Wolverhampton Wanderers.
I am quite happy to be put in the same credit rating as Man City, Chelsea, Liverpool and Everton.
I don’t really think it’s going to make much difference.
I am quite happy to be put in the same credit rating as Man City, Chelsea, Liverpool and Everton.I don’t really think it’s going to make much difference.
When they start likening us to Chester City, Portsmouth, or Cardiff, I’ll be very alarmed.
If Chelsea are having problems, we must be borrassic! :lol:
I believe we are consolidating all our debts under one easy loan, either that or all the DW/Wigan employees collectively tripped at the City of Manchester stadium the other night and are looking to take the Sheiks to court on a no win no fee basis :D
Football is in poor shape and I would trust the credit agencies as much as I could throw a Labour Chancellor. These will be the same credit agencies that didn’t see the Lehman Brothers collapse at the height of the banking crisis. !
Lots of clubs are in a similar financial position, the difference is some are taking steps to address this, even if it does take a few years.
Lots of clubs are in a similar financial position, the difference is some are taking steps to address this, even if it does take a few years.And we’re not?
We presumably are rushing headlong inot paying over the odds for players, paying exorbitant wages, holding on to players when good bids come for them.
Oh, and actually we are in debt mainly to our Chairman who is based in this country, locally in fact, and who understands the game.
The credit rating is purely based on paper considerations, and not on underlying conditions. Look at it this way. I have no real debts besides a mortgage. Comfortable but surviving. Someone like Sarah Ferguson perhaps is millions in debt. On paper I am HUGELY richer than she is. But is that the reality of life and lifestyles? Paper calculations mean nothing.
We are a well-run club with a tight-fisted Chairman. I wouldn’t have it any other way. I’m not going to lose sleep over this article.
We are, that’s my point, but it’s still going to take a few years due to player contracts, transfer fee payments etc.
Other clubs like Hull and Bolton have similar debts to Latics, but they are paying high interest rates and/or have to pay back millions soon.
Fulham on the other hand have been racking up a £100m+ debt on Al Fayeds tab, and don’t appear to be cutting back.
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