Tag Archives: 2010

Financial balls, but just what is administration?

By Christopher Hall

Dundee are in it, Liverpool just might be going into it and a number of other football clubs are cautiously striving to avoid it. But just what are the key factors of the phenomenon which is flaunted cautiously in board rooms of football clubs around the United Kingdom?

Administration.

The key points of this are not as complicated as one may think. The main reason for a club going into administration might be viewed by many fans as an utterly dark portion of a club’s existence, with chances of survival bleak. Many clubs, however, have been in and out of administration just as quickly throughout the years and to understand the fundamentals of the process would shed light on a truly fascinating phenomenon of modern football.

In simple terms it should be seen as a misdirection of the clubs finances. The common admission of problems, similiar to that of Dundee who recently published a bill of £365,000, is pressure from the tax man. The club then were revealed to have overall debts of around 2 million pounds and the administration proceedings were uncovered.

The next stage of the journey involves the appointment of the “administrator” who will oversee the club’s finances rather than the men in grey suits within the board room. They will look into minimising the club’s losses as well as striving to find a buyer (similiar to the Hicks/Gillett saga currently ongoing at Liverpool FC).

As Dundee football club Chairman Harry Maclean recently uncovered to the BBC, the administrators run and assess everything at the club, short of picking the team on a Saturday:

“Speculating on the amount of figures and players that would be leaving is a bit pointless at this time because there’s only one person that’ll know that and that’s the administrator.”

The administrator may also not be as sympathetic in terms of personal issues which arise, such as the unfortunate and real threat of redundancies. The authorities will do all they can to accrue as much of the lost finances as possible. Gordon Chisholm recently feel victim to this process, being removed from his post as part of the administration proceedings at Dundee FC:

Their’s boys getting laid off in their with mortgages, its a horrendous time. I’ve never been through been through anything like that in my life and I hope never to see it again

Finally, If the club is then deemed by administrators to be incapable of saviour, and finances spiral into irreparable levels, then the threat of liquidation (commonly known as a “winding up” order) becomes a very real possibility. The ins and outs of this process can be read in detail at the UK statute law website.

The threat of administration truly is a worrying time for any club. Only time will tell what fate has in store for clubs such as Dundee, Liverpool and Portsmouth. Perhaps the biggest nail in the coffin and realisation of crisis would materialise when clubs of substantial stature fall victim to the perils of a debt ridden management system.

Until then, clubs struggle on as football pulls itself out of the financial culmination of the last decade and beyond.

‘Kiss’ goodbye to tickets

By Phil Turnbull

Tickets for rock legends Kiss’ upcoming Glasgow show sold out within ten minutes of going on sale today.

The standing tickets were priced at £40 and were limited to four per customer.

A spokesman for the SECC this morning confirmed: “Standing tickets have all sold out and the seating tickets are definitely on course to sell out within the next few days.”

The May 2010 concert at the SECC is the first time the American outfit have played in Scotland for 18 years, but it appears their popularity has not waned.

Kiss diehard fan Kenny Simpson, 22 of Polwarth, secured tickets this morning, and is eagerly anticipating the gig, saying: “I’ve seen Kiss before but never in an arena, so I’m really looking forward to it.”

The rock lords’ European arena and stadium tour, dubbed the ‘Sonic Boom Over Europe: From The Beginning To The Boom’ tour, was announced on Monday 23rd of this month by promoters Live Nation.

On the same day Kiss themselves made this announcement to fans via their website, kissonline.com;

The 27 date tour lasts for two months and takes the band from Ireland to Belgium, with Italian, German and Slovakian dates, amongst others, in-between.

Rhythm guitarist Paul Stanley is promising a performance of the band’s back catalogue, telling kissonline.com; “We’re covering the whole musical history of the band on a stage that takes KISS one giant step further in our eight inch heels. We’re stoked. You wanted the best? You GOT the best!”

Bassist and icon Gene Simmons is keen to promote the group’s latest album ‘Sonic Boom’, which hit number two in the American Billboard Top 200, and reached number 24 in the UK Album Chart.

Simmons told kissonline.com; “Now. More than ever. KISS is a four wheel drive monster truck. Our mission? To rock Planet Earth. To spread the gospel of Sonic Boom.” 

While Kiss last played a Scottish date in 1992, incidentally at the SECC in Glasgow, they have indeed rocked Edinburgh before.

The rock heroes’ brought their Crazy Nights Tour to the capital’s Playhouse Theatre for two nights back in November 1988.

Kiss have cemented their place at the top table of Rock n’ Roll by selling over 80 million albums worldwide, and on 23rd September of this year were nominated for a place in the Rock and Roll Hall of Fame.

The Glasgow concert takes place on 9th May 2010 at the SECC, with remaining seating tickets priced at £40 plus standard booking fee.

Gamers spoiled for choice this Christmas

by Andrew Donaldson

Around a dozen new titles are flooding the market on Friday, as the video game industry prepares itself for the Christmas shopping period.

With the big day only around five weeks away, many of the industry’s biggest hitters see this week as the perfect opportunity to release their flagship games.

Top of the pile is New Super Mario Bros Wii.

Nintendo’s first 2-D Mario game on a home console since 1992 is a safe bet to top the sales charts come Christmas Day.

Meanwhile, for the sport fans out there, the Wii versions of Pro Evolution Soccer 2010 and Formula 1 2009 are also available from today.

But if Nintendo isn’t your thing, or you’re looking for something with a little more action, don’t worry.

Xbox 360 owners can at last get their hands on Valve’s long awaited first-person-shooter, Left 4 Dead 2 – exclusive to Microsoft’s system.

Another much anticipated sequel, Assassin’s Creed 2 from Ubisoft Montreal, is also available to pick up from today, on Playstation 3 and Xbox 360.

Also among today’s pile of releases on PS3 and 360 are Lego Indiana Jones 2, Dragon Age: Origins and Konami’s video game adaptation of the Saw movie franchise.

For those who prefer to do their gaming on the move however, today sees the unveiling of Pokémon Mystery Dungeon: Explorers of Sky for Nintendo DS.

What will be in his stocking come the 25th?

But which game will prevail as the Christmas number one?

A spokesperson for the high-street retailer, Game, said: “So far we’re selling more copies of Assassin’s Creed 2 and Left 4 Dead 2 than the new Mario game.

“We had a lot of pre-orders for Left 4 Dead 2 and expect it to sell a lot over the next couple of weeks.

“Although we’ve sold a decent number for Lego Indiana Jones, we currently sell it as part of a console bundle, so it’s hard to tell if people are only buying it because it’s part of an offer.”