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Bankruptcy

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This Post:
11
317522.5 in reply to 317522.4
Date: 1/26/2023 11:38:07 AM
Tampines Fusion
SBBL
Overall Posts Rated:
432432
Financially, this makes no sense at all.

Gotta agree with this.

How does one play more than 15 seasons, upgrade their arena to over 20k seats, and still mess up the ticket prices, especially when they've been in div III all along (I'd understand if it was a newly demoted team tho). How did he even survive that many seasons?

Plus I think the problem shouldn't really be in the number of players, coz 30 players who earn 3k salary is just like... 90k? Probably below the salary floor too.

Last edited by BuzzRBeater at 1/26/2023 11:41:14 AM

This Post:
00
317522.7 in reply to 317522.6
Date: 1/27/2023 4:00:55 AM
C.B Torcal
II.2
Overall Posts Rated:
195195
Second Team:
Antequera C.B
For me the main thing is, was he even in bankruptcy? We'll see in a week soon but if i have to guess i would say he was not.

This Post:
00
317522.8 in reply to 317522.1
Date: 1/30/2023 12:47:39 AM
NakamichiDragons
III.7
Overall Posts Rated:
19771977
Second Team:
Little Computer People
Any news?

founded in S3 IV.5 (34234) - returned in S28 IV.7 (34515)
This Post:
00
317522.9 in reply to 317522.8
Date: 1/30/2023 8:51:32 PM
Valley Boys
PPL
Overall Posts Rated:
7070
Second Team:
Frosted Abomasnows
I am assuming he is actually bankrupt. The starting bids on his players are $0. I still wonder how it came up to this point it is not like he has players that have too much salary for his division.

This Post:
00
317522.10 in reply to 317522.9
Date: 1/31/2023 2:44:39 AM
NakamichiDragons
III.7
Overall Posts Rated:
19771977
Second Team:
Little Computer People
For me it is the question, how he achived this predict situation with -1.500k and all players for sale since yesterday …

founded in S3 IV.5 (34234) - returned in S28 IV.7 (34515)
From: mink0ff

This Post:
22
317522.11 in reply to 317522.9
Date: 1/31/2023 11:23:45 AM
BC Vitosha Sofia
A Grupa
Overall Posts Rated:
819819
Second Team:
Sofia Alpha Dogz
I still wonder how it came up to this point it is not like he has players that have too much salary for his division.
High level staff, if kept over a long period of time, could reach colossal salaries. ;)

BBB: 2 (S37 S38); Top tier: 7 (S35 S36 S37 S38 S39 S41 S63); Cup: 9 (S25 S35 S36 S37 S38 S39 S40 S41 S61)
This Post:
00
317522.12 in reply to 317522.11
Date: 1/31/2023 1:56:40 PM
NakamichiDragons
III.7
Overall Posts Rated:
19771977
Second Team:
Little Computer People
I still wonder how it came up to this point it is not like he has players that have too much salary for his division.
High level staff, if kept over a long period of time, could reach colossal salaries. ;)

Seems to be a careless bankruptcy

founded in S3 IV.5 (34234) - returned in S28 IV.7 (34515)
This Post:
00
317522.13 in reply to 317522.11
Date: 2/1/2023 6:14:53 AM
Tampines Fusion
SBBL
Overall Posts Rated:
432432
But that would mean he's running on negative income for a long time. He only went under 500k in the week where he didn't have any home games. He must have stockpiled millions if that was the case.

His arena average income is just above 200k. I don't know how much exactly TV money is in his league, but after deducting the extra 30% from the salary floor, he should have more than 150k for other expenses. If he actually had 3 staff at 200k salary each (causing him to pay a 600k severance fee), that would mean that he's losing at least 400k a week. Which means he's losing 1m every 2-3 weeks. Plus the highest staff currently on the market is 111k. It's gonna take some time to get them to 200k.

Unless he's been sitting on millions of cash (to the point where he probably got taxed for it), it really isn't possible. But then, he has only ever bought 1 player. So who knows, maybe his 10+ seasons of earning 100k per week stockpiled to a huge sum.

This Post:
00
317522.14 in reply to 317522.13
Date: 2/1/2023 12:32:28 PM
NakamichiDragons
III.7
Overall Posts Rated:
19771977
Second Team:
Little Computer People
Since there is no statement of the creator, it seems, that he is trolling us …

founded in S3 IV.5 (34234) - returned in S28 IV.7 (34515)
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