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Can you guys give some tips/advice on how to get money (balance) quickly because I barely have a balance and some other managers might be facing the same problem. Thanks.
If you're really low and facing bankruptcy, the quickest way would be to sell a player or two. In the long term, try to cut down weakly costs. Do this by releasing players who no longer play and no longer fit into your team's build (and is too low of value to sell). Its often tough starting out, trying scheduling home/away friendlies with people (ill send you some). Make sure your stadium is as efficient as possible for your level, there is a website that tells you the proper dimensions, but i don't know the link. Can someone else post that link??
Once you solve your immediate problem with cash, money can be saved by having players with high stamina so if playing 4 lines a player could play on 2. I found it fairly easy to move up divisions by having several guys playing on multiple lines. Once you have enough high stamina players, you can get by with 3 lines, reducing payroll substantially.