Motherwell admin danger

[skegsagypsy]

Motherwell board says loss of Rangers could put Well into administration, The vote on a newco Rangers entering the SPL could plunge Motherwell into administration whether they are admitted to the league or not, the club has told fans.

In guidance issued to supporters of the Lanarkshire club, posted on the Motherwell fans’ site Fir Park Corner, Motherwell estimated that it would lose more than £900,000 in income without Rangers in the league.

That sum will have to be balanced out with investment from the fans, otherwise it could be tipped into administration, says the club’s board.

Motherwell FC is in the process of moving to a fan ownership model, as majority shareholder John Boyle pledges his stake in the Fir Park club to a group of supporters in the form of the Well Society.

The society’s members are being polled on whether to allow a newco to enter the SPL after Rangers FC began the process of being liquidated.

The breakdown of costs that Motherwell foresee if the newco is voted out of the league are a loss of £600,000 from SPL revenues, made up of sponsorships and the television deal for the league.

The club expects to lose £275,000 in gate receipts from Rangers supporters and estimates a drop of £40,000 in matchday hospitality and sponsorship.

If the newco is allowed to enter the SPL, Motherwell still expects to make losses in gate receipts as it anticipates that fans will stay away for reasons of “sporting integrity”.

In conclusion, the guidance note states: “Whatever decision is made on the newco vote by the SPL clubs, the financial position of Motherwell Football Club will suffer. There are clear risks to the financial stability and very future of this club presented by the current situation.

“In the event of serious financial difficulty, the board will have to look to the members, shareholders and supporters to step up their support for the club and the Well Society. This is likely to be in the form of increased prices, higher attendances and further Society memberships and contributions.

“It is clear that if we are unable to replace significant amounts of income lost under either scenario, the club would be facing an insolvency event. This would lead to a 21 point reduction.

[skegsagypsy]

Surely the loss of the majority of fans due to sporting integrity would outweigh the loss in respect of Newco Rangers, but either way, Well look to be in big bother if their fans don't fork up the funds, dangerous times for Scottish football.

[SIMPLY THE BEST]

And so it starts !

[BRASS EAGLE]

And so it starts !

W A T P we arnt tax payers,its simple Rangers Directors knew what was going on ,its a shame the players ,well some of the players didnt know,so the rules should be the same for every club ,break them and pay the price,why now does Smith and other come out of the woodwork or from under the stones that they have been hidding under for sometime now and say that they are interested now in saving the club,I WILL TELL YOU, they were cowards to put rangers into liquidation,they did not want to be the men who did it,Charles Green did and he had no other option,now all the people like your we flag states that you were chosen,born what ever,if the true big buisnessmen who say they are true blues,yes the multi millionares why did they not pump all there money into this mighty club.

[Snowy79]

If Motherwell go tits up they deserve it. Any club that's been living beyond their means and living off of borrowed money from the banks are abusing their fans loyalty. Whether it's Rangers doing dodgy contracts or Celtic fiddling gate receipts they're all guilty of cheating. The sooner it starts on a level playing field the sooner Scottish footbal can start to gain respect.

[barrowmanandrew]

utter shite,
all motherwell have done is point out to their fans the dangers of voting rangers out.

and who could blame them?
the owners have a duty to look after the club...

[mtv1]

utter shite,
all motherwell have done is point out to their fans the dangers of voting rangers out.

and who could blame them?
the owners have a duty to look after the club...

now now lets not enter into a debackle here if your club { and mines leeds btw } has made clerical errors then they must pay end of ........

get over it start again cmonnnnn the leeds

and as a born an bred celtic fan pay the ferryman

[johnboy1974]

It's a moral decision and it looks like rangers will not get spl status but go into the first division, this was verbally accepted by first division clubs last night. This will keep sky happy. The spl clubs will have to cut their cloth accordingly but will rangers gain promotion in one season? Who knows.

[barrowmanandrew]

now now lets not enter into a debackle here if your club { and mines leeds btw } has made clerical errors then they must pay end of ........

get over it start again cmonnnnn the leeds

and as a born an bred celtic fan pay the ferryman

couldn't agree more....