do we? Possibly but it depends on the criteria
This is the criteria used by the study
How were the results found?
The report used a number of legal financial data as markers of financial stability, breaking down those problems into "significant" and "critical" categories, a combination of which were used to decide whether a club was in "financial distress" or not.
Significant include those with County Court Judgments (CCJs), an order to pay a creditor, of less than £5,000 filed against them and a "sustained or marked deterioration" in indicators such as measuring working capital, contingent liabilities, retained profits and net worth.
Critical problems were those with CCJs totalling over £5,000 within a three-month period or winding-up petitions against them or which have entered Corporate Voluntary Arrangements.
On that basis we have significant not critical problems
from what we all know we would classify as critical I am sure but does the study?
Four EFL clubs 'at risk of failure' according to study
Given our circumstances and increasing debt to SISU with no assets left after Ryton, is one of those clubs us?
It's a guessing game but surely we fall under the category of a club at risk of failure?
Didn't the Bolton chairman (Eddie Davies) write off £100m+ he was owed ?I guessed its Us, Bolton, maybe Swindon or Oldham? and Leyton Orient. Just guesses though.
Not a chance. SISU would have battered them in court.do we have any ccj's against us? thought we were clean now
I reckon these are likely candidates along with Rochdale and OrientWhat about Bury? Chesterfield have had problems with CCJ's also or Morecambe unable to pay staff
..anyone name 4 clubs in a worse position than us ?
Maybe there are clubs in worse states than ours
Not sure it will be. If our main creditor, SISU, are happy to sit on the club as it continues to "self-finance", then I'm afraid this nightmare could go on for a very long time. The club will carry on falling through the leagues and shrinking as it goes. Bastards.We.need to make the most of next season I Fear it will be our last.
Am a bit out of touch. Why Chesterfield? (yes, I know I could Google!)Orient clearly and the others in this I would guess are Morecombe and Chesterfield for sure and I would guess Bury
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