Deep financial trouble ahead

[Sean Thornton]

Opinions. That's all they are. There to be disagreed with

That happens to you a lot……

 

[Carlton Blade]

That happens to you a lot……

I post a lot, people interact with it in whatever way they see fit. It's almost like it's a forum

 

[BrayfordsBushyBeard]

Surely if we were in that much shit we wouldn’t be doing the hotel or have purchased HSBC ?
As ever UTB !

 

[jt64]

Easy, Premier League wages.

Completely unsustainable (also true in the Championship btw).

Norwich tried to do the more sustainable thing in the Prem and got pelters for “no ambishun”.

I doubt we've paid a single player above the average Premier League wage in any of the three seasons we've been there. Higher wages, sure

 

[BobblesBlade]

I doubt we've paid a single player above the average Premier League wage in any of the three seasons we've been there. Higher wages, sure

It’s not wages or transfers it’s an owner with no money. Could this be the issue where we no longer have any assets ( player assets) to help pay off loans.

I’m thinking the hotel and land purchase will be great for when he sells the lot to a property company and when we get demoted to non league after going bust we have the HSBC land to use. Sheffdore Utd.

 

[Blade58]

Surely if we were in that much shit we wouldn’t be doing the hotel or have purchased HSBC ?
As ever UTB !

I think we are in the shit financially and I am baffled by the “investment” in the hotel, HSBC land and McCabes land?

I live in hope that PA has a buyer with financial clout lined up

 

[alcoblade]

I think we are in the shit financially and I am baffled by the “investment” in the hotel, HSBC land and McCabes land?

I live in hope that PA has a buyer with financial clout lined up

So, perhaps we aren’t in the shit financially?

 

[Blade58]

So, perhaps we aren’t in the shit financially?

Yep, really confusing? However, the fact the club have took out yet a further charge against future income and we didn’t make a fist of trying to bring in the quality needed to at least make a fist of trying to stop up has me thinking otherwise

 

[alcoblade]

Yep, really confusing? However, the fact the club have took out yet a further charge against future income and we didn’t make a fist of trying to bring in the quality needed to at least make a fist of trying to stop up has me thinking otherwise

I think not making a fist of trying to stay up is the reason the finances should be sound now.

Of course staying up would have been better. But Burnley, already better than us, then spunked £100m plus on dross, and are now in big trouble. That could easily have been us.

 

[Blade58]

I think not making a fist of trying to stay up is the reason the finances should be sound now.

Of course staying up would have been better. But Burnley, already better than us, then spunked £100m plus on dross, and are now in big trouble. That could easily have been us.

That’s where we differ alco. We didn’t make a fist of it perhaps due to the debt we had/have

 

[CirenBlade]

That’s where we differ alco. We didn’t make a fist of it perhaps due to the debt we had/have

You're agreeing with each other surely? At least that's what it reads like to me.

 

[alcoblade]

You're agreeing with each other surely? At least that's what it reads like to me.

That’s what I thought!

 

[Sean Thornton]

I post a lot, people interact with it in whatever way they see fit. It's almost like it's a forum

Mostly pointing out your wide ranging opinions tend to be bs.

 

[Carlton Blade]

Mostly pointing out your wide ranging opinions tend to be bs.

In your opinion

 

[Sean Thornton]

Yep, really confusing? However, the fact the club have took out yet a further charge against future income and we didn’t make a fist of trying to bring in the quality needed to at least make a fist of trying to stop up has me thinking otherwise

Are you referring to the charge registered in January?

 

[Sean Thornton]

In your opinion

Computer says no!

 

[Carlton Blade]

Computer says no!

Keep on truckin'

 

[BalticBlade]

How does around £60m equate to " nine tenths of f*ck all" ?

Was that our net spend was it?

 

[ekke287]

Next season is going to be very very tough, don’t expect anything going into next season. We are sailing very very close to the wind.

Amazingly, this is is the polar opposite to what I’ve heard from my sources.

 

[Valley Blade]

Was that our net spend was it?

You know it wasn't but we still spent around £60m. This is without wages, loan fees, agents etc. Club is obviously struggling financially. The answer is not to keep chucking money at it. Spending money guarantees nothing, only good players improve things. Not all cost money. For example, Arblaster.

 

[Sean Thornton]

Amazingly, this is is the polar opposite to what I’ve heard from my sources.

Rifleman is proven to be a dismal troll but do your sources seriously suggest we’re flush?

 

[ekke287]

Rifleman is proven to be a dismal troll but do your sources seriously suggest we’re flush?

Nope, not flush but there’s excitement and positivity around the off field actions. To suggest we’re going to be in the shit seems to be somewhat off the mark.

I think it’s fair to say we won’t be spending big, but we won’t be treading water like last season so I’m led to believe.

 

[Rodley]

So, perhaps we aren’t in the shit financially?

Have we completed the purchase of the HSBC land? The parcels behind the Kop will probably equate to a couple of months of McBurnies wages.

 

[Rodley]

Amazingly, this is is the polar opposite to what I’ve heard from my sources.

Are you Jimmy Ramble’s one subscriber?!

 

[alcoblade]

Have we completed the purchase of the HSBC land? The parcels behind the Kop will probably equate to a couple of months of McBurnies wages.

Yes I believe so. Either way, if we’re in big trouble we wouldn’t bother with either.

 

[Pennblade]

Sell Anel, Souza (or loan, with a view, if no takers), Hamer, return Archer, that will get the tin pot shi@ter owner through next season. Then it will be Arblaster and potentially Osula the next.

That will be the wage bill covered for two seasons, but that's about it.

Can't disagree with anything you've said. There's one person and only one person to blame - this owner has had 2.5 seasons in the EPL, two seasons in the Championship with parachute payments, decent crowds, a semi final, one of the lowest wage bills in the EPL and BVgger all spent on players in the last 3 seasons and still we're skint. Please don't give me the nonsense about the balance sheet - a half decent accountant can make a balance sheet say anything.

 

[Pennblade]

The advantage with Archer being off the books we get a guaranteed sum, how we spend is key and I guess that is who is in charge will be the key to that. Long term loan options could be available from the Premier League, we could look at the free transfers so just picking up the wage bill. Yes the pot won't be endless but could have been far worse.

You really believe that this owner will let the manager spend anything we get back for Archer???

 

[Blade58]

Are you referring to the charge registered in January?

I was Sean. I’m no finance guru so correct me if I’m wrong

I just can’t fathom out wtf is going on?

We don’t have a proper go at bringing in some quality to try and be competitive. We take out that charge in Jan, all pointing to lack of funds, yet at the same time we’re out there buying land for a proposed new training facility, McCabes two plots and sorting the hotel out

 

[jono_t2000]

a half decent accountant can make a balance sheet say anything.

Was reading a balance sheet of a youtuber who had registered as a public business.. under intangible assets had listed his websites domain name as worth 50 million dollars

 

[Blade58]

Amazingly, this is is the polar opposite to what I’ve heard from my sources.

Can you elaborate ekke?