The Football Finance Thread

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Originally Posted by peadar1987

I don't want to see my club default on its debts and reform like that either. I'm sure if you asked fans of Cork, Derry, Drogheda and Shels, most of them would prefer the club had lived within their means rather than having to do what they did.

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So, hypothetically, if Bray were to ramp up their spending and rack up even more debt and secure a couple of league titles but then fall into financial ruin and reform as Bray Wanderers Co Op or something, you wouldn't be exhilerated by the few years success? You wouldn't be loving the European nights and trips away and you wouldn't support the new club while still claiming they are somehow the same club?

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Originally Posted by dong

So, hypothetically, if Bray were to ramp up their spending and rack up even more debt and secure a couple of league titles but then fall into financial ruin and reform as Bray Wanderers Co Op or something, you wouldn't be exhilerated by the few years success? You wouldn't be loving the European nights and trips away and you wouldn't support the new club while still claiming they are somehow the same club?

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I'd probably enjoy the success while it lasted, but be very ashamed that the club had screwed over its creditors. That's completely unethical. If you asked me now would I prefer the club to live within its means now, or recklessly spend money it didn't have, I'd choose living within our means every time.

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Originally Posted by dong

So, hypothetically, if Bray were to ramp up their spending and rack up even more debt and secure a couple of league titles but then fall into financial ruin and reform as Bray Wanderers Co Op or something, you wouldn't be exhilerated by the few years success?

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You are assuming reformation inevitably follows debt-fuelled success.

There are fans of defunct clubs who may have a different view.

The usual line is that "it wasn't our fault". There's always someone/something else to blame. Human nature.

Its very hard for all clubs to break even for the year never mind make a profit,I would be surprised if more than 2-3 clubs made a profit for 2012

Harps made €10k more than the projected income for the year so far, as of the SGM two weeks ago.

Not sure if that means the club made a profit or not, but it's still good news.

Quote:

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Originally Posted by dong

So, hypothetically, if Bray were to ramp up their spending and rack up even more debt and secure a couple of league titles but then fall into financial ruin and reform as Bray Wanderers Co Op or something, you wouldn't be exhilerated by the few years success? You wouldn't be loving the European nights and trips away and you wouldn't support the new club while still claiming they are somehow the same club?

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Hey!
We didn't win any league titles during those years