John L wrote:Nice to hear the Gillingham chairman's point of view there. From it, we can assume that they're not one of the clubs in trouble! Perhaps he could invest in an away end suitable for League 2, rather than the Ryman Premier!
Posh wrote:
Hardly. As the article says Gillingham is one of the clubs the PFA has had to cover the wages for.
Posh wrote:John L wrote:Nice to hear the Gillingham chairman's point of view there. From it, we can assume that they're not one of the clubs in trouble! Perhaps he could invest in an away end suitable for League 2, rather than the Ryman Premier!
Hardly. As the article says Gillingham is one of the clubs the PFA has had to cover the wages for. Despite selling their ground they are still owe over £4 million to a range of banks and in the year to May 2008 lost £1.654 million on top of losses of £1.1 million in 2007 and £0.995 million in 2006. With little or no assets to fall back on Gillingham (credit rating 3 out of 100) are in an appalling financial situation and are in serious danger of falling into administration.
campdave wrote:Posh wrote:
Hardly. As the article says Gillingham is one of the clubs the PFA has had to cover the wages for.
Which is why I support points deductions for teams who do go into administration. It's simply not a level playing field when the Gills owe loads of money, have their wages propped up and are allowed to sign players. They're spending beyond their means, and should be forced to tighten their belts. Their place near the top of the league is inflated because they're spending more than they can afford.
Sod the fans of the clubs affected by the deductions - what about the fans of clubs who miss out because of the clubs that over step the mark?
marky No.1 wrote:Southampton on the precepice
http://www.dailyecho.co.uk/news/4254471 ... om_Saints/
marky wrote:And it's highly unlikely they will get away with it.
marky No.1 wrote:As Gillinghams credit rating has been brought up by Mr. Posh, I found this on their fans forum. Not surprising they are concerned with a 3/100 rating! We are second with 95/100
http://www.fansonline.net/gillingham/mb ... p?id=68947
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