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So... I'm about to go bankrupt
 
John Jax
Posts: 15
Posted on 2021-03-17 13:44:44
I don't know why. Last season I was making a profit with a larger payroll and now I've cut several players and still lost an insane amount of money per month. I'm doing friendlies and all that yet I'm making almost nothing compared to last season and I'm about to go bankrupt.

What does bankruptcy entail?

Also if anyone is curious about any of my players I guess I have to sell them, so tell me if you're interested in any in particular.

I've been building this team for a while now (since january 2018) and would've gotten to the top division if not for point differential last season. This kinda sucks and I don't know what happened.
  
Supermeek
Posts: 220
Joined: 2020-07-16
III.4
Offline
Posted on 2021-03-17 15:07:25
Bankruptcy means you will lose your team.

It happens when you have more expenses than income and not enough money in your bankaccount to make up for it.

It looks like you have 4 home matches coming up, so that should improve your balance, but still you need to make sure you at least break even every 2 weeks or have a massive balance to make up for losses.

Only thing to do is make sure that at the next financial update you're back at a balance above bankruptcy norm. So try to calculate your income from the home matches you have before next wednesday and if thats enough, no problem.

If it isn't sell or fire players with to high wages or do nothing and lose your team next update
  
KrusherKev
Posts: 0
Posted on 2021-03-17 16:04:06
John Jax wrote:

I don't know why. Last season I was making a profit with a larger payroll and now I've cut several players and still lost an insane amount of money per month. I'm doing friendlies and all that yet I'm making almost nothing compared to last season and I'm about to go bankrupt.

What does bankruptcy entail?

Also if anyone is curious about any of my players I guess I have to sell them, so tell me if you're interested in any in particular.

I've been building this team for a while now (since january 2018) and would've gotten to the top division if not for point differential last season. This kinda sucks and I don't know what happened.



I'd be happy to offer you a weekly exhibition game at your stadium if that would help at all, bring in another guaranteed ticket income every week
  
AbCat
Posts: 2510
Posted on 2021-03-17 16:10:12
If you have any young players with 4.5 star talent, and good consistency, it may be worth about a million to advertise one of them for sale. If I remember rightly, you can also sell the nutrition centre if you really need some quick money.

In Div II, your team should be costing no more than 650k in wages, so any players not earning their money might need to be sold or even fired. It's an absolute wrench when wages get out of control, but it needs to be done sometimes.
  
John Jax
Posts: 15
Posted on 2021-03-17 17:03:42
AbCat wrote:

If you have any young players with 4.5 star talent, and good consistency, it may be worth about a million to advertise one of them for sale. If I remember rightly, you can also sell the nutrition centre if you really need some quick money.

In Div II, your team should be costing no more than 650k in wages, so any players not earning their money might need to be sold or even fired. It's an absolute wrench when wages get out of control, but it needs to be done sometimes.



I have a 4.5* talent 17 yr old kid with 16 consistency. His stength is not maxed yet, but his speed is 16 tops. How much would people pay for that?
  
AbCat
Posts: 2510
Posted on 2021-03-17 17:49:30
John Jax wrote:

AbCat wrote:

If you have any young players with 4.5 star talent, and good consistency, it may be worth about a million to advertise one of them for sale. If I remember rightly, you can also sell the nutrition centre if you really need some quick money.

In Div II, your team should be costing no more than 650k in wages, so any players not earning their money might need to be sold or even fired. It's an absolute wrench when wages get out of control, but it needs to be done sometimes.



I have a 4.5* talent 17 yr old kid with 16 consistency. His stength is not maxed yet, but his speed is 16 tops. How much would people pay for that?



A couple of mill maybe. If you sell him and get your wages under 600k you should be absolutely fine by next Wednesday. Plus you have three home games before the next financial update, which should make you another three million. Unless you're really in dire straits you should be alright.
  
AbCat
Posts: 2510
Posted on 2021-03-17 19:10:34
John Jax wrote:

AbCat wrote:


A couple of mill maybe. If you sell him and get your wages under 600k you should be absolutely fine by next Wednesday. Plus you have three home games before the next financial update, which should make you another three million. Unless you're really in dire straits you should be alright.



Excellent! 17yr old Tristian Alves is on the market. I also sold most of my starters with big salaries since I'll probably have to restructure my team pretty heavily (I'll probably fire them if no one buys them).

Also should I consider firing my staff which costs quite a bit?



Keep the staff on.

I recommend using the transfer ads section if you want him to get a good price. Alas, I can't afford him, so it won't be me bidding for him.
  
Hard-core fan (ultimate supporter owner)shmertnicknameGI Supporter
Posts: 2493
Joined: 2011-10-17
II.2
Offline
Hard-core fan (ultimate supporter owner)
Posted on 2021-03-17 19:30:50
John Jax wrote:

AbCat wrote:


A couple of mill maybe. If you sell him and get your wages under 600k you should be absolutely fine by next Wednesday. Plus you have three home games before the next financial update, which should make you another three million. Unless you're really in dire straits you should be alright.



Excellent! 17yr old Tristian Alves is on the market. I also sold most of my starters with big salaries since I'll probably have to restructure my team pretty heavily (I'll probably fire them if no one buys them).

Also should I consider firing my staff which costs quite a bit?



I doubt you will get £1.5m for someone with TW of 8 but good luck!
  
Hard-core fan (ultimate supporter owner)mdjseymourGI Supporter
Posts: 44
Joined: 2019-06-17
I.1
Offline
Hard-core fan (ultimate supporter owner)
Posted on 2021-03-18 18:04:51
shmertnickname wrote:

John Jax wrote:

AbCat wrote:


A couple of mill maybe. If you sell him and get your wages under 600k you should be absolutely fine by next Wednesday. Plus you have three home games before the next financial update, which should make you another three million. Unless you're really in dire straits you should be alright.



Excellent! 17yr old Tristian Alves is on the market. I also sold most of my starters with big salaries since I'll probably have to restructure my team pretty heavily (I'll probably fire them if no one buys them).

Also should I consider firing my staff which costs quite a bit?



I doubt you will get £1.5m for someone with TW of 8 but good luck!



also probably should not have stated his name, that he is for sale and his stats in the forum.... in case someone reports rule breaking....
  
cflames3412
Posts: 7366
Posted on 2021-03-18 18:41:53
mdjseymour wrote:

shmertnickname wrote:

John Jax wrote:

AbCat wrote:


A couple of mill maybe. If you sell him and get your wages under 600k you should be absolutely fine by next Wednesday. Plus you have three home games before the next financial update, which should make you another three million. Unless you're really in dire straits you should be alright.



Excellent! 17yr old Tristian Alves is on the market. I also sold most of my starters with big salaries since I'll probably have to restructure my team pretty heavily (I'll probably fire them if no one buys them).

Also should I consider firing my staff which costs quite a bit?



I doubt you will get £1.5m for someone with TW of 8 but good luck!



also probably should not have stated his name, that he is for sale and his stats in the forum.... in case someone reports rule breaking....



Lol imagine having admins with half a point of IQ