Macclesfield 2 Crystal Palace 1

[Smurph]

That’s an interesting take and there’s some truth in there but also some rewriting of history.

If we were in danger of bankruptcy/administration after relegation, than some of the blame lies at the feet of Jenkins, Morgan et al, as the contracts with no relegation clauses and ridiculously high salaries were being given out before the Americans were on the scene. That was the cause of any ‘black hole’. Clubs that end up in that position after the PL finances do so entirely of they’re own making, albeit under the pretence of ‘wanting to compete’ in most cases.

I don’t know anyone who doesn’t think that they didn’t deserve to make a healthy profit and set their families up for a couple of generations by selling the club. The issue was how they went about the sale, the impact it had on the trust and the lack of due diligence on the owners. In hindsight, I guess we were lucky that they sold to absentee owners who had no real interest in the club as opposed to some more malevolent people that other clubs have ended up with.

Interesting is an another word for it.

 

[exiledclaseboy]

Him, Morgan et al had no choice but to sell our soul. If they hadnt we would have been in administration / bankrupt / defunct and flying back down the leagues just like we did in the 80's. Given that he, Morgan et al had to sign NDA"s they were not able to tell us anything so we were all left thinking of them as money grabbing aholes

Not saying it all OK. BUt Potter's recent story of how after he joined and expecting a push back to the Premiere League found out the club had a 100m black hole and everyone had to be sold and left him with some youth players like McBurnie and James

6 months later in the Jan transfer Huw stood up to the new owners over James. Leeds wanted James for free for 1/2 season with the promise they would pay 5m in the summer if they were fortunate enough to get promoted. Ridiculous deal. And with James in Leeds Huw refused to take the calls from Leeds to close the deal on deadline day night. Another 5 months later and James was sold for 20m to Man Utd. Huw was still fighting for Swansea then and got tossed out of the club because he wanted to do the right things for us still

Thanks to Huw and co, and that sale, we still have top flight football and not hoofball in the lower leagues. We have since progressed to the current owners and a positive future

We wouldnt be here if Huw and co hadnt sold

Granted the Trust got screwed

I’m filing most of that under “complete nonsense”.

 

[J_B]

It's not the selling, it's the way it was done.
Illegally failing to inform shareholders of what was happening. Illegally falsely claiming that board meetings took place that didn't happen and even making up minutes of the fantasy board meetings. Jenkins was bollocked by the judge for that. He should have had much more than a bollocking.

 

[MrSwerve]

Anyway, I didn’t want to make it all about Huw and co., it’s just crazy to see some of those clubs a division BELOW the National League, whereas we’ve been Premier League regulars and played in Europe…and are still at an excellent level.

 

[Martyn - Derwydd]

I agree. So many teams that used to be up here. So many more who almost went under.

That includes Macclesfield.

Many English football clubs have ceased to exist due to financial collapse, including prominent names like Bury, Macclesfield Town, Rushden & Diamonds, Darlington, Maidstone United, Aldershot, and King's Lynn, with new clubs often forming from the ashes, sometimes bearing similar names but considered different entities

Shows how bad AI is sometimes with some of the clubs in that answer as 'prominent names' lol