HaroldHammond Posted November 23, 2014 Share Posted November 23, 2014 So at the moment i've found myself in administration (no idea how with back to back promotions), however i can't seem to get out of it, my balance isn't in the red, i even sold a player for 1.1m and still found myself in administration, I can't offer any of my staff/players new contracts, however the board can double my wages in a new contract for me.. How do i get out of this.. Link to post Share on other sites More sharing options...
HaroldHammond Posted November 23, 2014 Author Share Posted November 23, 2014 anyone have any answers? Link to post Share on other sites More sharing options...
Scotty Walds Posted November 23, 2014 Share Posted November 23, 2014 Once in administration, you only come out of it when you're taken over by a new Chairman (I think). Link to post Share on other sites More sharing options...
HaroldHammond Posted November 23, 2014 Author Share Posted November 23, 2014 Once in administration, you only come out of it when you're taken over by a new Chairman (I think). oh really? that's weird, not sure how i can be in administration when im 1m in the green Link to post Share on other sites More sharing options...
Cougar2010 Posted November 23, 2014 Share Posted November 23, 2014 oh really? that's weird, not sure how i can be in administration when im 1m in the green Post up a pic of your finances screen. The bottom line is unless its a bug that your club is in debt. Link to post Share on other sites More sharing options...
mije1983 Posted November 23, 2014 Share Posted November 23, 2014 Do you have a lot of outstanding loans being paid back? Having £1m in the bank does not prevent administration, especially if your outstanding loans are many times that amount with no obvious way of re-paying them. Not sure if FM works this way though. Link to post Share on other sites More sharing options...
Welshace Posted November 23, 2014 Share Posted November 23, 2014 It's basically the debt... how much in debt are your club? (loans etc) ... Basically what mije said. Link to post Share on other sites More sharing options...
HaroldHammond Posted November 23, 2014 Author Share Posted November 23, 2014 I am 30k below my wage budget, with 90k transfer funds.. The only loan debt is this one which is hardly bank breaking Link to post Share on other sites More sharing options...
Cougar2010 Posted November 23, 2014 Share Posted November 23, 2014 oh really? that's weird, not sure how i can be in administration when im 1m in the green I am 30k below my wage budget, with 90k transfer funds.. The only loan debt is this one which is hardly bank breaking How are you £1m in the green ffs? You lost £3.7m last season alone which singlehandedly bankrupted your club. Link to post Share on other sites More sharing options...
mije1983 Posted November 23, 2014 Share Posted November 23, 2014 Where is the £1m in your bank? You lost nearly £4m last season, and are projected to lose more this season. That's not a sustainable plan for any business with your amount of turnover. I'd suggest you start selling some players. Your wage bill is almost as much as your entire turnover. Link to post Share on other sites More sharing options...
HaroldHammond Posted November 23, 2014 Author Share Posted November 23, 2014 How are you £1m in the green ffs?You lost £3.7m last season alone which singlehandedly bankrupted your club. When i posted i had a million in the balance, what i am asking is how do i get out? i'm in the green atm with half of my wage budget spent but nothing is happening? Link to post Share on other sites More sharing options...
mije1983 Posted November 23, 2014 Share Posted November 23, 2014 what i am asking is how do i get out? i'm in the green atm with half of my wage budget spent but nothing is happening? As I said above: I'd suggest you start selling some players. Your wage bill is almost as much as your entire turnover. Forget the fact you are only using half of your budget. That's a bit of a red herring as your board obviously don't have great financial acumen ratings if they are allowing you to spend far more than you are making. When you are losing millions a year it's time to cut back even if you are within the limits the board allow you to spend! Link to post Share on other sites More sharing options...
Cougar2010 Posted November 23, 2014 Share Posted November 23, 2014 When i posted i had a million in the balance, what i am asking is how do i get out? i'm in the green atm with half of my wage budget spent but nothing is happening? You don't tbh its too late. You need to wait for a takeover or for the administration to be resolved which will leave you with a large long term loan to pay back. Your club isn't profitable as it is and you will need to slash costs which will likely mean losing most of your players and staff. It would help to see the other finance screens (Turnover & expenditure in particular) but the bottom line is you spent far too much and now you are paying the price. Link to post Share on other sites More sharing options...
HaroldHammond Posted November 23, 2014 Author Share Posted November 23, 2014 You don't tbh its too late.You need to wait for a takeover or for the administration to be resolved which will leave you with a large long term loan to pay back. Your club isn't profitable as it is and you will need to slash costs which will likely mean losing most of your players and staff. It would help to see the other finance screens (Turnover & expenditure in particular) but the bottom line is you spent far too much and now you are paying the price. Meh.. spent quite a bit but back to back promotions for the fourth tier to the second should accomodate that.. obviously not -.- Link to post Share on other sites More sharing options...
Welshace Posted November 23, 2014 Share Posted November 23, 2014 Projected balance.... Just get yourself up the leagues into some money.. you'll hopefully find someone to buy you out.. I love this part of the game, makes it a challenge Link to post Share on other sites More sharing options...
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