Vital Football

Latest Coventry City News

The human cost of administration

The human cost of administration

Portsmouth's 10-point deduction has been good news for Coventry City in their relegation battle but the human cost of football club's going into administration was revealed on Wednesday as Pompey made a number of staff redundant and asked others to defer wages or go part-time.

Not the players of course, one of whom is currently earning £30,000+ a week but who will be protected by the football creditor rule.

'These measures are painful for everyone involved with the club, but they are essential for Portsmouth's survival, which is our main objective,' read a statement from the administrator Trevor Birch.

'They are in no way a reflection of the performance of the club`s hard-working staff, who have remained loyal and supportive throughout this difficult time.'

Administration has often been talked of as a way for the Sky Blues to make a fresh start from their financial woes but, aside from the fact that that is never guaranteed, the price that has to be paid by employees and creditors is not worth any benefits that such a move might bring.



Click here to join in the debate on the club forum.

Writer:CCFC
Date:Wednesday February 22 2012
Time: 8:57PM

Comments

0
Looks like it may get worse before it gets better. http://www.bbc.co.uk/sport/0/football/17137954
roberts
23/02/2012 11:45:00
Page 1/1
  1. 1

Login to post a comment

Best of Vital Network

Recent Coventry City Articles

FA End Betting Sponsorship

Late yesterday afternoon, the Football Association announced the result of its three month review of their relationship with gambling companies and that association now comes to an end.

Coventry City: Pick Of The Away Trips

On the road with the Sky Blue Army

Sky Confirm TV Selection Windows For 2017/18

With the release of the EFL fixture lists on Wednesday morning, Sky Sports have released their outline giving fans an idea of when television selections will be made this season.

2017/18 Final Weekend Details

With the release of the Premier League fixtures last week and last Wednesday seeing the EFL following suit, the full details for the final weekends across...

Archived Vital Coventry Articles

Vital Coventry articles from

Site Journalists

CCFC
Editor email
Profile

Current Poll (see more polls)

Are You Pleased With Mark Robins Return?
Suggested By: Editor
Yes89%
No11%
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Coventry City Results (view all)

Coventry City Fixtures (view all)

Vital Football Comment