Agents: Worth More Than Crystal Palace And Watford?

Ian

Ian began writing Twohundredpercent in May 2006. He lives in Brighton. He has also written for, amongst others, Pitch Invasion, FC Business Magazine, The Score, When Saturday Comes, Stand Against Modern Football and The Football Supporter. Ian was the first winner of the Socrates Award For Not Being Dead Yet at the 2010 NOPA awards for football bloggers.

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10 Responses

  1. Rob says:

    Crystal Palace have had at least two transfer embargoes placed on them this season. Not sure what the first was, but the second was failing to pay an instalment of the Alan Lee transfer fee to Ipswich in September.

  2. Bob says:

    The first one was for failing o pay an instalment of the Nick Carle transfer fee to Bristol in august.

  3. Martin says:

    Palace have NO assets at all. Everything from player contracts to future ticket sales have been mortgaged to the hilt with a company specialising in “distressed companies” in the British Virgin Isles who charge an interest rate to match their “special” help.

    They are doomed but it will be a long and painful process.

  4. Chris says:

    Funny how Kings Lynn can go to the wall owing 65K to HMRC whilst Leeds were allowed to continue owing then 7M. They were then allowed to write most of that off and give them 1p in the £1 I think and resume trading under the same name on the same site.

    Why are business rules different from football clubs? I thought they were supposed to be businesses now as well. Why couldn’t Woolworths just write all their debts off and start again on the same sites?

  5. Rob says:

    Leeds ended up paying something in the region of 28p in the pound.

    “Why are business rules different from football clubs?”

    They’re not. Administration is a legal process than any business can use and/or be forced into by it’s creditors.

    “Why couldn’t Woolworths just write all their debts off and start again on the same sites?”

    Because in the case of football clubs (and a lot of non-football based businesses), people were interested in continuing to run the company, and were prepared to come to a deal with the majority of the existing creditors.

    In Woolworth’s case, this didn’t happen. So everything was sold off (including the name) to pay the creditors.

  6. Martin says:

    Leeds’, sorry Bates’, biggest crime was engineering massive fake foreign creditors to out-vote HMRC when it came to agreeing a CVA.

    That has been noticed and copied by other club owners like Vaughan.

  7. ejh says:

    Not sure I understand the “last days of Rome” reference. Is somebody confusing the events of the mid-fifth century with the courts of Nero or Caligula?

  8. Lesley says:

    Hi Ian Palace fan here – we met at the SD conference. On Palace we have an embargo back in place again for the third time (due to non-payment of contractual money to players who have left). On Selhurst Park the positon is not as rosy as set out. Not only is the rent cripplingly high £1.2m pa it hasn’t been paid for at least three quarters – so something over £900k is owed on that. However in general your article is spot on but the inflation is not just agents fees it is everything – one quarter of Ronaldo would see us financially sound; one weeks wages for Ashley Cole would rescue Kings Lynn.

  9. Lesley says:

    Oh and there isn’t just the chance of players being sold in January – it is a certainty if we get any offers. getting offers is by no means certain because, as you say, other clubs know what is happening and may sit on their hands unless a bidding war starts – it is the best we can hope for.

  1. December 28, 2011

    […] related to the media’s ominous chatter. The two clubs, whose potential plight is covered in a decent post on general football blog twohundredpercent, have a bit of breathing space after commendable starts […]

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