| EFL / Football is broken - Huddersfield Town 06:19 - Feb 9 with 4330 views | RAFCBLUE |
https://www.examinerlive.co.uk/sport/football/news/huddersfield-town-asking-pric
Another Championship club on the brink.
For sale for £1 plus guaranteeing taking on substantial debts which at 2021 were £12.6m owed to banks and £34m owed to Dean Hoyle who owns 25%. There is another shareholder who has control with 75% called Phil Hodgkinson.
How on earth are the EFL’s rules going to work here ? The news article states for £1 an owner can have all the shares if they take on the debts.
The buyer will be required to demonstrate to the EFL proof of funds for three years and the EFL have the final sign off on if a takeover goes ahead.
Funds required it seems are circa £48m plus the funding for the next three years and not forgetting the £1.
This is a club who spent two years in the Premier League but is currently (9th February 2023) 22nd in the Championship / 42nd placed team in England.
How on earth do the EFL get away with running a Chamionship league with clubs that appear insolvent?
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| EFL / Football is broken - Huddersfield Town on 08:10 - Feb 9 with 4183 views | D_Alien |
As with the Morecambe situation, so with a team that's had the additional issue of an unsuccessful skirmish with the Premier League, and proof that the current system of parachute payments doesn't work since clubs just won't accept reality and cut their cloth accordingly
Huddersfield's glory days were almost a century ago, but they'll still think they're entitled to be at that level despite mixing it in the lower divisions for much of that time since then. It's not impossible for smaller clubs to make that breakthrough - just look at Brighton, Brentford & Bournemouth - but it's the failure of the system and the very nature of the EFL governance people to which they fall back into. Let's not forget that Bottomley wanted to become one of those people, which tells us all we need to know [Post edited 9 Feb 2023 8:13]
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| EFL / Football is broken - Huddersfield Town on 11:08 - Feb 9 with 3909 views | 49thseason |
Money wins, the richest clubs win every time, they have world-wide reach, millions of fans who buy shirts and pay to view. They are money making machines that happen to play football. It is almost impossible for a club to go on a romantic quest to win the Premiership outside the usual suspects when individual players are earning £100s of 1000s per weekand on 3,4 ,5 year contracts. Its ruined the game. And it will ruin the clubs. The EFL is a fully paid up supporter of the Championship, the rest are an afterthought and the Premiership clubs pay for the Championship because otherwise there would be no soft landing when it all goes elbows up for the next club to screw itself trying to stay in the Prem.
Paying what you can afford is no longer possible at any level, increasing numbers of clubs will go further in debt, many will ultimately collapse. This is economic madness and needs to be ended or it will end up with six clubs playing each other over and over again in empty stadiums |  | | |
| EFL / Football is broken - Huddersfield Town on 11:51 - Feb 9 with 3816 views | EllDale |
They lived for years on the backing of a wealthy owner.
He became ill and sold the club on but wanted £34 million worth of loans paying back.
Most of the parachute money was earmarked for paying him.
The new owner's companies all went into administration last year leaving them without a pot to pee in.
Their gates hold up because, like Bradford City, thousands of season were sold cheaply. |  | | |
| EFL / Football is broken - Huddersfield Town on 12:05 - Feb 9 with 3779 views | Dalenet |
| EFL / Football is broken - Huddersfield Town on 11:51 - Feb 9 by EllDale |
They lived for years on the backing of a wealthy owner.
He became ill and sold the club on but wanted £34 million worth of loans paying back.
Most of the parachute money was earmarked for paying him.
The new owner's companies all went into administration last year leaving them without a pot to pee in.
Their gates hold up because, like Bradford City, thousands of season were sold cheaply. |
Do they own the ground they share with the rugby club or is this council owned? If so why would you put circa £50m into a club about to be relegated to League One without any real assets. This is another Derby, or Birmingham City to name a few. And remember Sheffield United at the top end of the table are under a transfer embargo for financial mismanagement. Will they be allowed promotion into the golden pot of the Premier League. I suspect so. | | | |
| EFL / Football is broken - Huddersfield Town on 13:57 - Feb 9 with 3622 views | EllDale |
I think that the current situation is that the present ownership of the stadium is split Kirklees Metropolitan Council 40%, Huddersfield Town FC 40%, and Huddersfield Giants 20%.
The football club at one stage owned very little of the stadium after some financial issues and the original stadium company had to be rescued by from administration by Huddersfield Sporting Pride which is owned by Huddersfield Giants boss Ken Davy. Davy did this to make sure that the rugby league club had continued occupancy.
On 24 December 2009, Huddersfield Town announced that 40% of the shares owned by Huddersfield Sporting Pride would be transferred to the football club, owned by current owner Dean Hoyle, but the deal was delayed due to a rent dispute between Davy and Hoyle.
The deal eventually went through about ten years ago.
As you say, who'd invest when you don't even own the ground? | | | |
| EFL / Football is broken - Huddersfield Town on 16:31 - Feb 9 with 3382 views | BigKindo |
....... and to boot yesterday they booted out Manager Mark Fotheringham after 134 days in the job. Chris Wilder is now favourite to take over the vacancy. No doubt he will be given a playing budget of £ millions . Mind you it took York City only 69 days to get shut of Manager David Webb yesterday. |  | | |
| EFL / Football is broken - Huddersfield Town on 16:41 - Feb 9 with 3353 views | EllDale |
If Wilder takes the job on he's a brave man.
Carlos Corberon took them to the playoff last year and then walked away from the job as he was told that there was no money for recruitment and they've sacked the two managers after him. | | | |
| EFL / Football is broken - Huddersfield Town on 13:55 - Feb 10 with 3039 views | D_Alien |
Some interesting thoughts from the chairman of Grimsby
https://www.theguardian.com/football/blog/2023/feb/06/promotion-and-relegation-c
One of the key points for me is that our Academy would be under threat, not because of the annual funding that would disappear, but because our junior players could be poached without the recompense for their development that applies only to clubs in the EFL
Edit: i should've added that the link was provided by the Fair Game newsletter. The intended White Paper on football governance was delayed (quelle surprise) due to either the Cabinet reshuffle, the Man City announcement or a combination of factors including the leaking of it some days earlier. The Fair Game people see this delay rather as an opportunity to exert influence, i.e. to try to strengthen the proposals prior to publication [Post edited 10 Feb 2023 14:02]
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| EFL / Football is broken - Huddersfield Town on 16:21 - Feb 10 with 2883 views | 49thseason |
| EFL / Football is broken - Huddersfield Town on 13:55 - Feb 10 by D_Alien |
Some interesting thoughts from the chairman of Grimsby
https://www.theguardian.com/football/blog/2023/feb/06/promotion-and-relegation-c
One of the key points for me is that our Academy would be under threat, not because of the annual funding that would disappear, but because our junior players could be poached without the recompense for their development that applies only to clubs in the EFL
Edit: i should've added that the link was provided by the Fair Game newsletter. The intended White Paper on football governance was delayed (quelle surprise) due to either the Cabinet reshuffle, the Man City announcement or a combination of factors including the leaking of it some days earlier. The Fair Game people see this delay rather as an opportunity to exert influence, i.e. to try to strengthen the proposals prior to publication [Post edited 10 Feb 2023 14:02]
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Interesting article DA, but I note the Grimsby Chairman is still equating size of crowd with importance of the club. If everything is to be geared to crowd size then the rich will become richer, often simply because they exist in an area with little competition for the punters pounds (like Grimsby). Maybe factors like length of membership and amount of debt should be taken into account too. Building a pyramid on debt is hardly a guarantee of the integrity of the structure.
It would be interesting to see who squeals loudest if there were no promotion for clubs with debts greater than their income from ticket sales, or automatic relegation for clubs whose debts were more than say 5 times their ticket sales in any 12 month period. | | | |
| EFL / Football is broken - Huddersfield Town on 21:43 - Feb 13 with 2479 views | EllDale |
New manager at Huddersfield is someone called Neil Warnock. | | | |
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