chris23 Posted December 1, 2010 Share Posted December 1, 2010 My club is 35mill in debt and its been going up since july im now in feb just wondering how long until the dreaded administration happens im chelsea by the way and he dosnt look like pumping money into the club Link to post Share on other sites More sharing options...
joejccva71 Posted December 1, 2010 Share Posted December 1, 2010 LOL stop spending money! Link to post Share on other sites More sharing options...
x42bn6 Posted December 1, 2010 Share Posted December 1, 2010 £35m in debt or your bank balance being -£35m? If it's the former, it's "OK" because pretty much every club has debt - as long as it is serviceable. The latter is more of a problem - you basically have no cash left. Link to post Share on other sites More sharing options...
chris23 Posted December 1, 2010 Author Share Posted December 1, 2010 LOL stop spending money! I spent the allotted transfer funds am in the wage budget there is no loans outstanding but still losing money each month and the question was does anyone know when and if i will get deducted points! Link to post Share on other sites More sharing options...
dontask Posted December 1, 2010 Share Posted December 1, 2010 how are you doing in the premier and europe? u will get a lot of that money back in may if your doing well Link to post Share on other sites More sharing options...
chris23 Posted December 1, 2010 Author Share Posted December 1, 2010 £35m in debt or your bank balance being -£35m?If it's the former, it's "OK" because pretty much every club has debt - as long as it is serviceable. The latter is more of a problem - you basically have no cash left. Yeah the bank balance is -£35 mate so i should be ok? Link to post Share on other sites More sharing options...
chris23 Posted December 1, 2010 Author Share Posted December 1, 2010 how are you doing in the premier and europe? u will get a lot of that money back in may if your doing well 4th in premier 5 points of top and won 5 and drew 1 in group stage mate Link to post Share on other sites More sharing options...
dontask Posted December 1, 2010 Share Posted December 1, 2010 well 4th place in the prem if u stay there is around 16-17m in prize money. also try and do well in the champions league as prize money is high from quarter finals onwards Link to post Share on other sites More sharing options...
x42bn6 Posted December 1, 2010 Share Posted December 1, 2010 Yeah the bank balance is -£35 mate so i should be ok? Not really - I would panic! Or more accurately, you should really be looking at selling players right now, and knocking back the wage budget second. -£35m in the bank is quite serious though - administration is a danger here. You may be able to slow it down by selling players - but -£35m is a big hole in your pocket. Link to post Share on other sites More sharing options...
chris23 Posted December 1, 2010 Author Share Posted December 1, 2010 Not really - I would panic!Or more accurately, you should really be looking at selling players right now, and knocking back the wage budget second. -£35m in the bank is quite serious though - administration is a danger here. You may be able to slow it down by selling players - but -£35m is a big hole in your pocket. tried selling players knowone interested even at cut price was just wondering how long you can be in the red been in it since mid september now its first week in feb yet mr roman still not put any money in Link to post Share on other sites More sharing options...
dontask Posted December 1, 2010 Share Posted December 1, 2010 league prize money 17m champs league prize money for reaching semis around 5m champs league tv money 10m+ giving a total of 32m debt before these around may prob 45m so this means u will only have a surplus of around 13m. if theres no action before may then you have nothing to worry about. then when you get there look at what debt is remaining and have a bit of a clearout esp of those who earn more than they are worth Link to post Share on other sites More sharing options...
chris23 Posted December 1, 2010 Author Share Posted December 1, 2010 so there is no time frame on being in the red eg 5 months in red deduction Link to post Share on other sites More sharing options...
dafuge Posted December 1, 2010 Share Posted December 1, 2010 I wouldn't worry too much about a £35m debt of you are in the Premier League and the Champions League, it is pretty easy to clear if you are successful enough and stop spending too much. It is when the debt is larger than the value of the club that you really want to start worrying. Link to post Share on other sites More sharing options...
dontask Posted December 1, 2010 Share Posted December 1, 2010 if theres no loans against the club then your more likely to get 1 than go into administration. the board need to be worried enough to get one tho. your more likely to go into adminisration if you cant paid the loans. a lot of people who are not used to fm worry around feb/mar time but when may comes they wonder what all the panic was about Link to post Share on other sites More sharing options...
Skooma Posted December 1, 2010 Share Posted December 1, 2010 There should probably be an achievement for putting Chelsea into administration. Link to post Share on other sites More sharing options...
ManUTactician247 Posted December 1, 2010 Share Posted December 1, 2010 There should probably be an achievement for putting Chelsea into administration. Forget Chelsea, put Man City in adminstration!! Edit: The poster below me has earned an achievement!!! Link to post Share on other sites More sharing options...
McNeil Posted December 1, 2010 Share Posted December 1, 2010 There should probably be an achievement for putting Chelsea into administration. It happened to Man City in my game in FM10. I'd imagine it'd be easily done in FM11 too. Link to post Share on other sites More sharing options...
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