Asset stripping

[Davalon]

For the hard of thinking

 

[MightyBlades]

I'm sorry, but the idea that the new owners have come in with the intention of asset stripping the club, is complete hogwash!

 

[Davalon]

I'm sorry, but the idea that the new owners have come in with the intention of asset stripping the club, is complete hogwash!

Exactly but it's a phrase I'm seeing several times a day

 

[CrookesBlade]

I thought it was a members club down Attercliffe

 

[LBA_Blade]

Exactly but it's a phrase I'm seeing several times a day

Its easy to quote due to the nature of what has happened however realistically we are a championship club and if decent offers come in they have to be considered, we don't have the appeal of playing in the top tier and need to earn that right again. With a new manager it is good we are moving on the old guard/asset stripping however you want to label it as, this team should be a Selles side with players that he wants in his formation rather than sticking with players that don't fit the mold.

 

[Gimli]

I’m not sure you could say they’ve bought us ‘cheaply’ at £100m

If they wanted to make profit, gutting the squad and not investing to keep us competitive seems to be the opposite of how to do that.

 

[Eels]

Apart from Hamer they've got rid of all the players I thought they would - for not bad money. I'm okay with that and them not seeming to be in any hurry to replace them says to me they've either got great confidence in their mid to long term plans, or that they're effing useless.

 

[steve26272]

Apart from Hamer they've got rid of all the players I thought they would - for not bad money. I'm okay with that and them not seeming to be in any hurry to replace them says to me they've either got great confidence in their mid to long term plans, or that they're effing useless.

Or, as I’m hoping is the case, the players we want aren’t attainable just yet

Remember Return of the Mac, he held out to see involvement at Man City

You don’t become a high net worth individual by been a thick cunt, trust the plan

 

[Bladesthorpe]

Chansiri MK2, relegation assured

 

[Bladeinleeds]

Actions speak louder than words.

So far we’ve sent back 6 loans, shipped out Grbic, Anel, Souza and Moore. All 10 on Solid wages at the very least. Souza and Anel would have been amongst our highest earners.

And brought in Bindon, Barry and Soumare.

It remains to be seen how interested they are in competing but I’d say our wage bill is ‘max’ mid table as currently constructed. There is very little depth to this side.

I’ve no idea why you’d buy a club without the means or inclination to fund it. But that appears to be where we are atm with COH. I may be proved wrong but all the talk of ‘frees and loans’ initially spelled out where we were at. ‘We might pay a fee if the right option comes up’ essentially meant you weren’t looking for good players that clubs would demand a fee for. Because OF COURSE that would require a fee to be paid.

Jokes on them because we’ve only about 5 players worth more than a negligible amount atm. Outside of that there are better league one sides. No one was anticipating Birmingham levels of spending but the new owners have no more money that the prince did - which again raises the questions about the hubris of purchasing a loss making enterprise.

 

[scouseblade]

Asset stripping. My head has fallen off

 

[Chezzy Blades]

They came in and spent (relatively for SUFC) big in January on loan fees, wages and Cannon. Ultimately the gamble failed at the final hurdle.

It was always likely we would have to cut our cloth as a result, whilst doing our best to remain competitive. It's frustrating we've left our business late as always, but there's still time to invest in what we need.

Teams in the Championship who keep gambling big (without a longer term plan) window after window end up like Wednesday.

 

[manxblade]

I honestly think that 2 sheffield clubs with 2 different American consortium will be recipe for disaster. Sheffield city fc they move basketball and nfl teams around all the time and they really don't give a shit

 

[JimW1889]

Not sure we’ve got £110m + Jan spending’s worth of assets to strip. Only realistic way to make a return on that is get us to the premier league.

 

[Rodley]

I’m not sure more than a handful of posters have mentioned asset stripping. I suspect they’re probably just not very well resourced as an ownership group and probably seen their arses.

 

[Nick Jansky]

Chansiri MK2, relegation assured

 

[Servigliano]

Apart from Hamer they've got rid of all the players I thought they would - for not bad money. I'm okay with that and them not seeming to be in any hurry to replace them says to me they've either got great confidence in their mid to long term plans, or that they're effing useless.

More likely they've no real money, gambled on us going up and now, er.
I hope I'm wrong but the fact that we've entirely and predictively lost some good 1st team players - with no adequate replacements whatsoever in sight - makes me fear the worst.

 

[Sean Thornton]

I’m not sure more than a handful of posters have mentioned asset stripping. I suspect they’re probably just not very well resourced as an ownership group and probably seen their arses.

Rodleys Bed Drying Service to the rescue!

 

[Pennblade]

Or, as I’m hoping is the case, the players we want aren’t attainable just yet

Remember Return of the Mac, he held out to see involvement at Man City

You don’t become a high net worth individual by been a thick cunt, trust the plan

I think you'll find that HNW individuals get like that because they know what they're doing and are good at it. The problems start when they start dabbling in things they don't understand. Sound familiar?

 

[Espania blade]

What these guys want, as an investment company is a return on there investment.
So let's circa 110 million to buy the club,
I have real idea what is an acceptable return on that is would be (given they are an investment company) but let's say 10% annually for arguments sake, that's circa 10/11 million annually, plus any shortfall the club needs to cover in order to cover it's costs going forward (forget them using their own money unless it adds value to the asset ie infrastructure), the only way they can do that is to generate income from player sales (this is the model PA reverted to when he ran out of money),
In the premier league that amount of money is a doddle! - that's why they will be desperate to get there!
If we don't get their there will be player sales to cover the shortfalls - if that doesn't work, then they have no option but to use their own money to cover the shortfalls,
Let's hope it doesn't come to that, if it does they won't be happy - just look across the city for what could happen when the owners say enough is enough (not saying it will).

 

[Tom Bott]

I thought it was a members club down Attercliffe

You're thinking of the pole dancers holding up the kop roof.

 

[Tom Bott]

In the premier league that amount of money is a doddle!

I think you meant to type 'that amount of loss is a doddle'.

Only 3 PL clubs generated an annual profit in 22/23.

Though some would say it's not a £20/100 million annual loss.

It's investment.

 

[Sean Thornton]

I think you meant to type 'that amount of loss is a doddle'.

Only 3 PL clubs generated an annual profit in 22/23.

Though some would say it's not a £20/100 million annual loss.

It's investment.

????

But Villa are a shining light for communication of their strategy. And they lost money?

 

[VictoryBlade]

Lets not get carried away but if they sell Hamer and Campbell (which is possible) we are in the shite and there is only one way to go!

 

[KMC-1889]

For the hard of thinking

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1. We weren’t an ‘unsuccessful’ company, we’d got parachute payments and in a prime position bounce back.

2. We weren’t cheap. We cost £100m

3. Assets aren’t being sold cheaply, we’re getting way over fair market value. Most people have been shocked at how we’ve been able to make profit on some players and sell some crap ones.

4. If they were genuinely asset stripping they’ve have sold off the HSBC land, Shirecliffe, the ground etc… to their own companies and got SUFC to rent it from them. Like McCabe did.

The owners aren’t covering themselves in glory at the moment but you can FRO with this uneducated, idiotic wibble.

 

[UddersBlade]

What these guys want, as an investment company is a return on there investment.
So let's circa 110 million to buy the club,
I have real idea what is an acceptable return on that is would be (given they are an investment company) but let's say 10% annually for arguments sake, that's circa 10/11 million annually, plus any shortfall the club needs to cover in order to cover it's costs going forward (forget them using their own money unless it adds value to the asset ie infrastructure), the only way they can do that is to generate income from player sales (this is the model PA reverted to when he ran out of money),
In the premier league that amount of money is a doddle! - that's why they will be desperate to get there!
If we don't get their there will be player sales to cover the shortfalls - if that doesn't work, then they have no option but to use their own money to cover the shortfalls,
Let's hope it doesn't come to that, if it does they won't be happy - just look across the city for what could happen when the owners say enough is enough (not saying it will).

Or they cut their losses & sell up. Which is what might happen next summer if we don’t go up.

 

[Bell4]

Apart from Hamer they've got rid of all the players I thought they would - for not bad money. I'm okay with that and them not seeming to be in any hurry to replace them says to me they've either got great confidence in their mid to long term plans, or that they're effing useless.

As I've said in many posts - we will soon see

 

[Willglynning]

Or they cut their losses & sell up. Which is what might happen next summer if we don’t go up.

Based on what?