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$-500K in debt

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168267.1
Date: 1/5/2011 6:01:03 PM
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I was recently below $-500K in debt and I was wondering if there is some kind of warning system to warn me how long i have until I will be fired. I am in my league finals and will most likely be moving up a division and getting a 500K bonus at the end of this season. So I am curious to see whether or not I have to sell a player to get back in the positive, or if i can wait it out until the next season starts.

I believe the day I went below $-500K was 12/27/10 ( December 27th, 2010). I currently have $-395 294.

If anyone could let me know whether to sell a player or wait it out til the new season starts and I ge tmy bonus, I would greatly appreciate it! Thanks! I would hate to be fired because of a miscalculation! :D

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168267.2 in reply to 168267.1
Date: 1/5/2011 7:53:10 PM
Overall Posts Rated:
6161
If you like your players, then try to hold out. If you go two weeks over $500k, then your best player will be put up for sale to recover the money.

Right is not a popularity contest!
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168267.3 in reply to 168267.1
Date: 1/5/2011 10:01:40 PM
Overall Posts Rated:
5151
Best to contact your GM, he can give you a better answer and maybe even give you an extension if it is a guarantee that you will be advancing.

But under the guidlines if you are negative come January 10th then you will be fired. Same thing pretty much happened to me, so I sold 2 of my better players (not my best) and put my full staff at Basic immediately.

Last edited by Skyrider at 1/5/2011 10:03:52 PM

This Post:
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168267.4 in reply to 168267.1
Date: 1/5/2011 10:53:00 PM
LionPride
II.2
Overall Posts Rated:
246246
Every time you go above the -500 mark, your 2 weeks restart.

This Post:
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168267.5 in reply to 168267.1
Date: 1/6/2011 12:58:31 AM
Overall Posts Rated:
4747
I'm not sure, but I think you have to be at -500K *before* the economic update in order for the two week warning kicks in. It looks like the economic update is what took you below that threshold and you made it back above -500K before the next economic update, so you should be fine.

This Post:
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168267.6 in reply to 168267.3
Date: 1/6/2011 2:26:16 AM
Overall Posts Rated:
587587
Best to contact your GM, he can give you a better answer and maybe even give you an extension if it is a guarantee that you will be advancing.

GM's do not give any extensions. Better answers? Sometimes.

From: Jason

This Post:
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168267.7 in reply to 168267.1
Date: 1/6/2011 2:50:05 AM
Arizona Desert Storm
III.1
Overall Posts Rated:
11261126
There is a warning system. If at the financial update, your team is -500K or more in debt, you will receive a BB-Mail warning you to get your team under the -500K mark inside of two weeks or your team will go bankrupt. If you have not succeeded in dropping below -500K at the time of the next financial update, you will recieve another warning that you have 1 week to get your finances more favorable than -500K.

Please keep in mind, that the 2 weeks only starts if you are -500K or more at the time of the update. If you go over -500K during the week, but but are below that number during the financial update, this will not trigger a warning. At this point you would still be safe, and not considered in the bankruptcy warning period.



Last edited by Jason at 1/6/2011 3:43:00 AM

From: JrBaller

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168267.8 in reply to 168267.7
Date: 1/8/2011 1:11:31 AM
Overall Posts Rated:
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Great to know! Thanks! This is definitely the best answer I could hope for as I have not yet received a letter in my BB-mail! Thanks a bunch!

JrBaller :)