(22 Apr 2018, 9:22 am)MrFozz wrote Im sure there is a cut off date somewhere to go into administration and have the points taken that season.
Leeds tried it in 2007 and lost points that season and went on to lose 15 the season after because of the way Ken Bates went about the whole thing.
If Sunderland went into Admin now, I am fairly sure they would lose the points next season and start with -10 with the possibility of losing more depending on how thet came out of admin.
One thing is certain, Sunderland are neck deep in shit. I cant see them going out of business, but also cant think of anyone who would want to buy them, even for a quid, because the debts are crippling, the Chronicle reported they had the 13th largest debt in European Football (£159m) with only Man Utd and Liverpool ahead of them in England
https://www.chroniclelive.co.uk/sport/fo...s-14173822
Even if Ellis Short sticks to his promise of writing off the personal debt owed to him, it is still not an attractive proposition to buy into.
Too big for the fans to take on as well, I hope there is light at the end of the tunnel for Sunderland, I will always have a soft spot for them, I went to Roker as a kid with my granddad, all my family are fans as well.
Sent from my SM-G950F using Tapatalk
I don't see where they can make any money to reinvest.
Any profit or income at the moment, seems to be allocated to paying off a debt of some sort.
£3m a month by all accounts.
I dont see that as sustainable in the Championship, never mind in League 1.
They can make redundancies, can sell off what land they own, can make savings by closing sections of the stadium etc. They need a decent regular income and I can't see where that will be from if attendances keep dwindling or season ticket renewals keep falling.
(22 Apr 2018, 9:44 am)Michael wrote But what about 5-1?, see that a lot.... can you not move on from that?
Just look at their little faces
![Big Grin Big Grin](https://northeastbuses.co.uk/forums/images/smilies/biggrin.png)