Team Bankruptcy

[The Guardian]

What can cause my team to go bankrupt?

If your team has negative cash on hand, you are in danger of bankruptcy.

What causes me to lose my team?

If your team has a negative balance for 10 consecutive days after maintenance (ie after salaries and stadium maintenance is paid out), or if it passes below -$10,000,000, you will lose your team.

How will I know if I'm in danger of bankruptcy?

Every day that a team of yours is in debt at the end of maintenance, you will receive an alert warning you of the fact.

Is the loss of the team permanent?

You get no refund of credits for losing a team to bankruptcy. Once the team exits bankruptcy protection, you do have the option of purchasing it again on a first-come, first-serve basis.

How can I avoid losing my team?

We recognize that sometimes even the best planning can go awry. With extraordinary measures, you can maintain ownership of your team. You must renegotiate ALL contracts on your team to be at or below $10,000 per day ($1,000,000 per season). If you meet this condition, you will not lose your team regardless of how low the cash on hand goes, or how many consecutive days you are in debt.

How does being in debt affect me?

In a few ways. First, you are not able to offer any bonuses or raises to any of your players. You also will be unable to release any players other than NPCs since you can't pay the 10% buyouts. You also will not be allowed to make any trades that increase the total salary level of your team.

What exactly happens when I lose my team to bankruptcy?

One of two things will happen, depending on how late in the season it is.

If it is Day 75 or earlier:

• All human players on your team are released without compensation and become free agents. These players all have their morale drop to 0%.
• NPC players are automatically signed to replace them, at minimum wage.
• Stadium seats are sold off at a 50% discount to cover the total shortfall.
• All seasons tickets are canceled. Fan support and morale both drop to 0%.
• You lose ownership of the team
• The team enters "Bankruptcy Protection" for four days where it acts as an NPC team but cannot be purchased by a human owner.
• You receive an alert notifying you that you have lost the team.

If it is Day 76 or later (after the Roster Lock period begins):

• Stadium seats are sold off at a 50% discount to cover the total shortfall.
• All players on the team are reduced to minimum wage and have their contracts set to end at the end of the current season.
• All seasons tickets are canceled. Fan support and morale both drop to 0%.
• You lose ownership of the team
• The team enters "Full Bankruptcy Protection" which lasts until season rollover (Day -3 of the next season). The team cannot be bought and players are unable to be signed by other teams.
• You receive an alert notifying you that you have lost the team.
• At Season Rollover, any positive balance the team has managed to accumulate is distributed evenly to all the players on the team just before they become Free Agents for the next season.