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He was stupid but has apologised so perhaps a small fine should be as far as it should go.. will be interesting to see what the club makes of it tho

Have to agree with this not acceptable - June 2013 contract expires - what's he on a week?

I appreciate the players remain a liability for the CVA (although I do think this rule will be changed before long - HMRC will not walk from this) - the player liabilities are already down on what they were and will fade in relatively short time-scale - it's not a £50Million liability - but...

Administration is still the best route for the club IMO ... 10 point deduction I know but it cleans up the balance sheet and the club - we can walk away from expensive wage contracts - the only real looser is SISU as most of the debt is with them.. as long as this debt is there it will stifle...

Spot on OSB there isn't any other option

OSB still can't see that any plan would be able to reduce the club's operating profit to break-even without having to make the reassurances that any short-fall would be met externally - whatever the plan was back then it sure as hell didn't factor in a drop to League 1

as long as the owners say to the board they are going to make up the short-fall then that's fine - think Chelsea, Man City etc - if they don't have that assurance then the directors are legally obliged to call in the receivers else they are personally liable for over-trading

So we now know from the accounts just how big a hole we were in and we also know it's getting bigger by the day - truly the club has unmanageable debts and isn't viable as it stands. There is no way the club can repay this debt. Unless SISU can get a quick sale I fear it's near the end. Does...

Bloody Hell... thought it was going to be bad... but this is just truly dreadful.. and that's last years accounts!!! Can you imagine what they are going to look like a year from now?? No... neither can I because SISU are going to HAVE to do something .... get rid or walk away

Basket case!!!!

We've in the 3rd tier - SISU's business plan is shot to pieces.... as long as we were in the championship they always had a chance we might get lucky and build value as long as the losses weren't too bad - they could convince themselves they could turn a profit in time.. but now it's really...

gotta love your optimism ccfcway

I'm not sure about anyone else but I resent the implication that because this ONE time I have decided not to re-new my season ticket YET I'm somehow a less of a COV supporter than someone who chooses to renew no matter what - we are going through exceptional times here and I for one am not happy...

As it stands now... not a chance..

Not enough for me yet

It'll be the usual England nerve shredder... at least with Cov you know early on your well beaten and can get used to idea....

The man's got a job and a contract so why would he go? OK if another job offer comes in for him I'm sure he'd be tempted.. if by some miracle another owners comes in they would probably want their own man and he'll be paid off.. if not like the rest of us he'll probably just stick it out and...

It's a FIRE SALE lads.. so they're going to go cheap.. club has no option.. it's GOT to get some cash in to plug the losses and it's GOT to get the wage bill down.. crappy position to be in and everyone else out there knows it too

It's a tough call... ticket revenue is all SISU really have coming in (apart from selling players) so if that falls off a cliff then they will be forced to do something as losses will ramp right up... so if you want them out then starve them out.. it's the only thing as a fan you can do.. but...

Only way to positively increase cash-flow in this business already running at a significant operating loss is to sell assets and reduce the overhead = sell players.. only works once and only in the short term