After the complaints last year and Derek Shaw giving and retracting notice, the sense of PNE’s conservative financial policy is looking clearer (I’d add that the Made in Preston site has always supported this policy, ref 29/8/07 ). This seasons financials weren’t too good at Deepdale but thanks to Derek Shaw and Trevor Hemmings they seem a way off the problems of other clubs.
Southampton are in trouble as their parent company has gone into administration and they have large debts for their new ground. Luton have gone out of the league today thanks to a 30 point penalty for financial irregularities. Manchester United have massive debts although I noticed today the paper referred to their parent company as holding the debts.
Can’t say I understand this parent company arrangement. PNE plc have a subsidiary PNE FC – is that a parent arrangement?
So if your parent company goes into administration you’re OK, a rule that seems open to interpretation. It seems tough on Luton to be docked so many points in the bottom league. They might as well have kicked them out. I feel a lot of sympathy for Luton and don’t feel it’s right. It seems that, like the banks, the people who cause the problems aren’t too affected but those innocents, the fans, are made to suffer.
What is a football club? It isn’t the management or the players, they are bought in and in most cases are playing for their own glory and pockets. As a fan would you imagine threatening to leave if you didn’t get an obscenely large payment, although as a player it’s a merciless life so I can see that side as well. A club is it’s fans and some directors. Finally hats off to those who dipped into their pocket like Trevor Hemmings or set up funds like Derek Shaw.
Doncaster 0 – PNE 2. Good result but the play-off boat is moving away.