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Twitter rumour re administration

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immariner
April 8, 2021, 11:37am
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Quoted from marinerdazza


You could argue that they’ve a better chance of staying up this season with the points deduction rather than next...


How? They'd be 7 points from safety and have won once in 24
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ska face
April 8, 2021, 11:40am

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Very unlucky for Colchester that a debt of £30m has accumulated over a number of years and only become a problem 7 games before the end of the season, when a points deduction would see them relegated to the conference.
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louth_in_the_south
April 8, 2021, 11:45am

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I don’t call accumulating a debt of £30m unlucky. I call it reckless at our level of football


Lower F5
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DB
April 8, 2021, 11:53am
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Tweets are only one thing, rumors until there is proof. I would much prefer some sort of proof before getting our hopes up.


You can please some of the forumites some of the time but not all the forumites all of the time
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Abdul19
April 8, 2021, 11:56am

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Quoted from immariner


Also the 'PH and squad informed' bit. Informed of what, the twitter rumour?


I've got an image of JF running across Cheapside excitedly pointing at his phone, his mind wandering onto thoughts of being carried aloft again.


JESUS AT THE CENTRE
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mimma
April 8, 2021, 12:07pm
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Quoted from ginnywings
If true, wouldn't it be next season that the points deduction would start? Only way it would help us is if they fold completely and we got a Stevenage type reprieve. A points deduction for Colchester would help struggling sides next season.

Typical Town, we pick the wrong season to finish in the bottom 2.  

30 million though. How did that happen?


It happened because they didn'thave Fenty in charge LOL

Apart from Fenty's " benign" loans we don'thave any other debt. We have apparently even cleared our over draught.
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Marinerdeano
April 8, 2021, 12:07pm
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We know for sure that they have saddled lots of debt (10's of millions). Evidence of that can be found quite easily. So surely Tisdale must be working for them for free.
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diehardmariner
April 8, 2021, 12:31pm
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Quoted Text


What is the penalty for entering into administration?


For a club, entering into administration is no easy decision. It will most likely result in large scale player sales and will most definitely result in a points deduction. For an EFL team the deduction stands at up to 12 points. When this deduction is applied, however, depends on two factors:

When the insolvency occurs

Where the team finishes in the league

If the insolvency event occurs outside of the normal playing season the team will begin the next season on minus 12 points. If the event occurs before the fourth Thursday in March the deduction will apply immediately. Finally, if the event occurs after this time yet still within the normal playing season the deduction is applied when the final league standings are confirmed. If the team ends the season within the relegation zone the deduction is then applied the following season. This applied to Bolton Wanderers who started the 2019/20 League One season with minus 12 points, having finished in the Championship relegation zone the season before. If the team is not within the relegation zone the deduction is applied at the end of the season.[vii] This may still drag the team into the relegation zone and subsequently lead to their relegation.

https://lexsportiva.blog/2020/08/05/administration-the-football-league-and-the-effect-of-covid-19/


So, presuming it is Colchester, they'll need to finish 12 points above the relegation zone this season to avoid the points deduction kicking in.

The other presumption is that this isn't all balderdash.
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BobbyCummingsTackle
April 8, 2021, 12:50pm
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I'm not getting my hopes up but a 12 point deduction for Colchester would make the next 7 games look VERY different.

2 points behind Southend with a game in hand....


Miss Scunthorpe. Not a beauty pageant, just sound advice.
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Norseman
April 8, 2021, 12:55pm
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Even if it happened Southend have a much easier run in than town. One of the games being against Colchester. How motivated would they be if in effect they are already relegated
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