Further to your questions and concerns regarding your football club facing problems currently. This is a common in UK that football clubs faces financial problems due to their debts exceeds from their assets and in recent years many football clubs went in to administration. This situation arises where football clubs unable to pay their debts. Therefore, they went insolvent or in to liquidation. The company shareholders passed the special resolution to put the company in to bankruptcy or liquidation. All process done under the Insolvency Act 1986 , the Bankruptcy and Diligence etc. (Scotland) Act 2007 and Debt Arrangement Scheme (Scotland) regulations 2011. I start with your concerns about the arrestment of your corporeal and incorporeal moveable assets (Possessed by you or in the hands of a third party) by the creditors which you fear might they arrest due to the debts that your club unable to pay. Arrestment procedure set out in s 73A of the Debtors (Scotland) Act 1987( the “ 1987 Act”) this section provided that an arrestment in execution must follow a decree in respect of the debt due to the creditor and a schedule of arrestment must be served upon the debtor together with debt advice and information. Section 73E of the 1987 Act provides that the arrestment attaches the lesser of (i) the sum due by the arrestee to the debtor or (ii) the sum due by the debtor to the arrester, plus expenses, and interest. It is not possible for the creditor to arrest more than the
I had tried out for the High School football team but unfortunately was cut. I worked hard over the summer and even passed on the family vacation to North Carolina to attend football conditioning at the school. Even with all of my effort put towards running and weightlifting I was still cut. That however did not stop me from playing the sport I love. I had heard of a local pigskin football league that allowed any teen my age to play. I immediately conversed with my parents and received their permission to sign up.
In the annual Ely Tigers versus Dillard Panthers football game, there was a play caught at the last minute, giving the Ely Tigers the win. The score was 14-10, and Donnell Wilson caught the winning touchdown pass. How he caught it, no one was quite sure. All they knew was in the Ely-Dillard football game, the winning catch was caught by Donnell, it was lucky, and it was a team effort.
The UEFA FFP Regulations is about improving the financial health of European football club (UEFA, 2014). The regulation have came in force at the end of 2012 season where all clubs had to abide to the rules and regulations to obtain the license to play in the UEFA Champions League (UEFA, 2010). Deloitte (2014a, p. 2) refers the FFP break-even requirement as ‘a change potentially as profound as that brought about by the Bosman ruling.’
In and outside of the classroom, learning about both the Spanish language and culture has always interested me. To delve myself into the culture, I decided to join Spanish Club and the Spanish National Honors Society, both which allowed me to experience and better understand the eccentric Hispanic culture.
Financial – money coming into the Club, via player sales, sales of match tickets and programmes, club merchandise, subscriptions to SAFC TV (the club’s own on-line TV) and from use of the Stadium as a Conference Venue and for staging Rock Concerts.
The Financial Fair Play draws attention to the reported losses made in European football over the past fifteen years. As football started to grow at an exponential rate, the losses started to mount also. As far back as the early 2000s, several clubs football clubs went bankrupt and faced administration while dealing with huge substantial losses. Prior to the season before the financial fair play was introduced, it was noted that 12 out of the 20 clubs reported an overall loss. This led to the Premier League pre-tax losses reaching an all-time unwanted record of £445 million in 2009/10 and a debt around £3.1 billion in 2008/2009 (Deloitte, 2011). The profitability of the league and its clubs in relation to the Financial Fair Play is determined by the profit and loss accounts (relevant income minus relevant expenses) which aligns with UEFA’s requirement for clubs to break even and improve their profitability. Another two objectives of the regulations mentioned previously also relate to profitability; which are:
As the planning committee had addressed, these past few years have been a financial struggle. Clear indicators of this struggle are represented by our current financial profile. Our credit rating
I choose a topic about the finances of the Washington Redskins who are part of the largest sports league in North America, the National Football league. I have always been intrigued by the teams earning potential and while being part of one of the most controversial branding battles in league history regarding the team’s name, they consistently rank in the top three in annual revenue. Amidst the team’s on-going controversy, could residing in the major sports market of the National Capital region aid to the Washington football teams financial success or does being part of the $8 billion dollar corporation known as the National Football league guarantee’s substantial returns?
I would say that my nature as a person is lonesome and introverted. That’s not to say I don’t like to talk with my friends or hang out, I’m just more likely to be by myself reading a book. Even then I kept company with people who honestly were very much like me , as in nerdy, asian, and keep to themselves. The football team at my school was nothing like that. In my school there seems to be no ethnic majority, and that reflected in the football team. Joining the football team exposed me to a lot of people who were very different from me and those who surprised me with the connections I shared with them.
Our group discussion was boring we didn't really care about football that much. Mink and I almost knew nothing about football, Dear knew a bit so mainly he started the discussion. From the book we read that football once had no proper rules, each team had their own rule at first. I think that would be fun each team gets to learn the opponent's team rules and then they play half game by one rule then another half by another
Culture within an organisation is a system of shared values, beliefs and norms of individuals in the organisation and how the value consensus creates a way in which people behave. The shared values have a strong influence on the individuals in the organisation and dictates how a person acts, dresses and performs in their job. A unique culture is developed and maintained by an organisation which provides guidelines and boundaries, through informal means, for the behaviour of the people within the organisation.
During the 1800’s Great Britain’s empire stretched around the world, and with raw materials easily available to them this way, they inevitably began refining and manufacturing all stages of many new machines and other goods, distributing locally and globally. However, despite being the central ‘workshop of the world,’ Britain was not producing the highest quality of merchandise. When comparing factory-made products made in England to surrounding countries, most notably France, those products could not compare as far as craftsmanship and sometimes, simply innovation. It was suggested by Prince Albert that England host a sort of free-for-all technological exposition to bring in outside crafts into the country and also
Professional football clubs need revenue. It is vital to the financial survival of a club as they have ultimately become a business. Money is a vital necessity to enable the club to function. From paying ground rent to the funding of the youth system and to even signing players for the clubs, it is fundamental that a club is making a profit. The owners of the clubs will want to see profits being made otherwise the club will eventually no longer be able to function.
Communication is the foundation of accomplishments for both animals and humans, functioning as a team to obtain a common goal. For those who enjoy football, have seen communication as it’s finest; while watching Peyton Manning break the huddle after giving the play only to see the defense is set up to stop the play. At this point he begins to audible alerting team members that the play called previously has changed. Peyton, was very successful during his playing days, considered to be one of the greatest quarterbacks to play the game. While football is just a sport to the spectator. It was Peyton’s business and he flourished as a team leader using effective communication, winning two superbowls. .According to Guffey and Loewy (2013) productive team members articulate ideas clearly and concisely, recognize nonverbal cues, and listen actively.
With normative stakeholder theory one tries to explain (in these settings) why football clubs should take into account the interests of the stakeholders. It is easy to sympathize with the customer group in this matter. They are the foundation stone that has built the club through the years and they have invested money, emotions and their private time. But they are not as important as they once was for the club. This given that another stakeholder group (Suppliers e.g. broadcasting companies, sponsors etc.) now serves the business with monetary funding’s, hence the times have changed. Ultimately though, the suppliers will almost certainly vanish if the customers stop buying the product. Shareholders and employees can easier than the customers in this case find another business to join, they are not exclusive in the same way as the customers.