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Sheffield United in trouble

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  • SDAddick
    SDAddick Posts: 15,149
    What a mess. 50+1 fan ownership is the only way forward. Otherwise it's just billionaires owing billionaires millions of dollars. Or supposed billionaires. Or supposed millionaires. etc. and so on.
  • SantaClaus
    SantaClaus Posts: 8,062
    Given how late in the season this has happened I'm pretty sure any punishment will roll over into 2027/28.
  • EugenesAxe
    EugenesAxe Posts: 5,514
    edited August 18
    Given how late in the season this has happened I'm pretty sure any punishment will roll over into 2027/28.
    "Sheffield United's owners face a winding-up order in the High Court on Wednesday which could mean the club incur a 12-point deduction in the Championship this season."
  • usetobunkin
    usetobunkin Posts: 2,653
    Football has sold its soul to the Devil.

  • sillav nitram
    sillav nitram Posts: 10,585
    It was said on ask the experts with, Rich Cawley, Henry Winter and Ben Ransom, that the level of spending in the Championship/Football couldn’t last and eventually it’ll implode. Maybe this is the start?
  • North Lower Neil
    North Lower Neil Posts: 24,293
    It was said on ask the experts with, Rich Cawley, Henry Winter and Ben Ransom, that the level of spending in the Championship/Football couldn’t last and eventually it’ll implode. Maybe this is the start?
    It's going to get a bit daft if you have several clubs docked points every year like last season.
  • bobmunro
    bobmunro Posts: 22,070
    It was said on ask the experts with, Rich Cawley, Henry Winter and Ben Ransom, that the level of spending in the Championship/Football couldn’t last and eventually it’ll implode. Maybe this is the start?
    It's going to get a bit daft if you have several clubs docked points every year like last season.

    If all 23 apart from us are docked points then .... who knows?
  • AndyG
    AndyG Posts: 6,696
    It was said on ask the experts with, Rich Cawley, Henry Winter and Ben Ransom, that the level of spending in the Championship/Football couldn’t last and eventually it’ll implode. Maybe this is the start?
    It's going to get a bit daft if you have several clubs docked points every year like last season.
    It is obvious that football will have to have a massive reset at some point. The money needed to operate is just not sustainable. Alot of clubs will fall by the wayside I'm sure, hopefully ours wont be one of them

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  • It was said on ask the experts with, Rich Cawley, Henry Winter and Ben Ransom, that the level of spending in the Championship/Football couldn’t last and eventually it’ll implode. Maybe this is the start?
    It's going to get a bit daft if you have several clubs docked points every year like last season.
    This. Just do 3 clubs if we are fighting relegation and as many as necessary if we have a chance of promotion. Save the rest for the next season.
  • Off_it
    Off_it Posts: 29,503
    AndyG said:
    It was said on ask the experts with, Rich Cawley, Henry Winter and Ben Ransom, that the level of spending in the Championship/Football couldn’t last and eventually it’ll implode. Maybe this is the start?
    It's going to get a bit daft if you have several clubs docked points every year like last season.
    It is obvious that football will have to have a massive reset at some point. The money needed to operate is just not sustainable. Alot of clubs will fall by the wayside I'm sure, hopefully ours wont be one of them
    The thing is, people have been thinking/saying this for many years now (including me) - decades in fact - and it just seems to carry on. No idea how really, or why new buyers keep turning up, when only a very few number of clubs ever make any money.
  • swords_alive
    swords_alive Posts: 5,069
    I think it shows that the value of currency is inherent in its distribution and flow to complement its intrinsic value. It's the same reason that national debt can be built up with no significant implications for daily life, which can go on provided currency still circulates. Life and football clubs carry on regardless.
  • fenaddick
    fenaddick Posts: 22,797
    Seen a few tweets to suggest the winding up petition has been granted, I don't know how accurate they are though
  • cafcfan
    cafcfan Posts: 11,467
    https://www.thestar.co.uk/sport/football/sheffield-united/sheffield-united-owners-coh-sports-prince-abdullah-8929678

    This seems to confirm that the petition has been granted - 10 second hearing.
  • Pelling1993
    Pelling1993 Posts: 8,098

    A hearing in the petition took place on Wednesday at the specialist Insolvency and Companies Court (ICC) in London, which lasted around 10 seconds.

    Angus Groom, representing United World, asked for the “usual compulsory order” in the proceedings, which would wind up COH Sports.

    Judge Paul Greenwood granted the order.

    Brent Cloud

  • PrincessFiona
    PrincessFiona Posts: 6,062
    cafcfan said:
    what does that mean in terms of any points deduction?
  • CaptainRobbo
    CaptainRobbo Posts: 2,732
    cafcfan said:
    what does that mean in terms of any points deduction?
    They're fecked 
  • bobmunro
    bobmunro Posts: 22,070
    cafcfan said:
    what does that mean in terms of any points deduction?


    As clear as the nose on my elbow!

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  • Briston_Addick
    Briston_Addick Posts: 14,203
    bobmunro said:
    cafcfan said:
    what does that mean in terms of any points deduction?


    As clear as the nose on my elbow!
    Transparent ownership of football clubs - what's not to like, eh?
  • 3G
    3G Posts: 785
    bobmunro said:
    It was said on ask the experts with, Rich Cawley, Henry Winter and Ben Ransom, that the level of spending in the Championship/Football couldn’t last and eventually it’ll implode. Maybe this is the start?
    It's going to get a bit daft if you have several clubs docked points every year like last season.

    If all 23 apart from us are docked points then .... who knows?
    We might stay up? 
  • Henry Irving
    Henry Irving Posts: 87,050
    cafcfan said:
    what does that mean in terms of any points deduction?
    My limited understanding is that it means SUFC owners have to pay up to have the order lifted or, more likely, appeal and drag out the process.

    Only if the order is implemented and the company goes into admin or liquidation would they be hit with a 12 point penalty.

    We're not there yet but if I was a Blades fan I'd be worried.
  • bobmunro
    bobmunro Posts: 22,070
    3G said:
    bobmunro said:
    It was said on ask the experts with, Rich Cawley, Henry Winter and Ben Ransom, that the level of spending in the Championship/Football couldn’t last and eventually it’ll implode. Maybe this is the start?
    It's going to get a bit daft if you have several clubs docked points every year like last season.

    If all 23 apart from us are docked points then .... who knows?
    We might stay up? 

    True - I'd like to see more than 12 points for the other 23 teams to increase the chances.
  • ShootersHillGuru
    ShootersHillGuru Posts: 51,737
    AndyG said:
    It was said on ask the experts with, Rich Cawley, Henry Winter and Ben Ransom, that the level of spending in the Championship/Football couldn’t last and eventually it’ll implode. Maybe this is the start?
    It's going to get a bit daft if you have several clubs docked points every year like last season.
    It is obvious that football will have to have a massive reset at some point. The money needed to operate is just not sustainable. Alot of clubs will fall by the wayside I'm sure, hopefully ours wont be one of them
    I’ve been saying as much for years. The money in football is insane. The Premier League has sucked so much money out of the game and by doing so has virtually killed off The Championship, League One and Two as viable business models. There needs to be a reset but it’s not impacting the Premier League as much as further down the pyramid.Sooner or later a “big” club is going to go pop and it’s tragic. As good as The Prem is to watch, it’s a bloated parasite on English football.
  • ShootersHillGuru
    ShootersHillGuru Posts: 51,737
    cafcfan said:
    what does that mean in terms of any points deduction?
    My limited understanding is that it means SUFC owners have to pay up to have the order lifted or, more likely, appeal and drag out the process.

    Only if the order is implemented and the company goes into admin or liquidation would they be hit with a 12 point penalty.

    We're not there yet but if I was a Blades fan I'd be worried.
    Thanks for the clarification. Agree the club will appeal if for no other reason than to buy time. They obviously can’t pay so unless someone comes in and buys them out pdq I’d guess any point deduction would hit late in the season. 
  • PrincessFiona
    PrincessFiona Posts: 6,062
    edited August 19
    bobmunro said:
    cafcfan said:
    what does that mean in terms of any points deduction?


    As clear as the nose on my elbow!
    Yes, what it COULD mean (and when) is not categorically clear - and the authorites aren't fair and objective in how clubs are dealt with
  • sam3110
    sam3110 Posts: 24,794
    It was said on ask the experts with, Rich Cawley, Henry Winter and Ben Ransom, that the level of spending in the Championship/Football couldn’t last and eventually it’ll implode. Maybe this is the start?
    It's going to get a bit daft if you have several clubs docked points every year like last season.
    There's a pretty simple way for them to a avoid this situation though 
  • carly burn
    carly burn Posts: 20,073
    Will 'points deduction' be our player of the season for a second time in a row??

     🤞 
  • sam3110
    sam3110 Posts: 24,794
    AndyG said:
    It was said on ask the experts with, Rich Cawley, Henry Winter and Ben Ransom, that the level of spending in the Championship/Football couldn’t last and eventually it’ll implode. Maybe this is the start?
    It's going to get a bit daft if you have several clubs docked points every year like last season.
    It is obvious that football will have to have a massive reset at some point. The money needed to operate is just not sustainable. Alot of clubs will fall by the wayside I'm sure, hopefully ours wont be one of them
    I’ve been saying as much for years. The money in football is insane. The Premier League has sucked so much money out of the game and by doing so has virtually killed off The Championship, League One and Two as viable business models. There needs to be a reset but it’s not impacting the Premier League as much as further down the pyramid.Sooner or later a “big” club is going to go pop and it’s tragic. As good as The Prem is to watch, it’s a bloated parasite on English football.
    You said big club, how about a slightly below average sized club with a shitey little ground in the northern reaches of Croydon with no identity, that claims to be the oldest club in the world? Won't be that tragic...