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Post by Deleted on Feb 27, 2020 7:45:29 GMT
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Post by gtleighsr3 on Feb 27, 2020 8:23:37 GMT
More debt than Greece lol
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Post by Deleted on Feb 27, 2020 8:26:34 GMT
Post on lfw by NorthernR
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Post by croydoncaptainjack on Feb 27, 2020 10:14:03 GMT
Heading in the right direction and the following set will show further savings although given the drop in revenues that was essential.
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Post by esoxlucius on Feb 27, 2020 10:26:49 GMT
Tricky times are ahead until we can start running the club without needing loans from Ruben to keep us afloat.
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Post by West Acton on Feb 27, 2020 22:19:53 GMT
This guy does good job explaining recent publication of figures
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Post by Tarbie on Feb 28, 2020 7:15:03 GMT
Insolvent without an 11.4m interest free loan from the Directors is the bit in all of that which stands out the most to me. As much as we have every right to be annoyed at our owners for getting us into this mess in the first place, it's also true to say we'd be in much bigger trouble if they did as some fans suggest, and left.
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Post by esoxlucius on Feb 28, 2020 7:55:00 GMT
Insolvent without an 11.4m interest free loan from the Directors is the bit in all of that which stands out the most to me. As much as we have every right to be annoyed at our owners for getting us into this mess in the first place, it's also true to say we'd be in much bigger trouble if they did as some fans suggest, and left. Definitely Tarbs. I wonder how fans would feel if, as hinted at by Ferdinand yesterday, we sell Eze and BOS for decent sums and the money was used to pay off our debt and have us operating in the black? We have just had a better than expected season with a team that cost less than £200k in transfer fees so would it be a shock if the club decided to do the same again? I will be very surprised if all the money we get from transfer is used to buy better players on higher wages. |
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Post by Tarbie on Feb 28, 2020 8:26:44 GMT
Insolvent without an 11.4m interest free loan from the Directors is the bit in all of that which stands out the most to me. As much as we have every right to be annoyed at our owners for getting us into this mess in the first place, it's also true to say we'd be in much bigger trouble if they did as some fans suggest, and left. Definitely Tarbs. I wonder how fans would feel if, as hinted at by Ferdinand yesterday, we sell Eze and BOS for decent sums and the money was used to pay off our debt and have us operating in the black? We have just had a better than expected season with a team that cost less than £200k in transfer fees so would it be a shock if the club decided to do the same again? I will be very surprised if all the money we get from transfer is used to buy better players on higher wages. Fans need to accept that as long as FFP remains (in it's current guise), and we are operating with current revenues and attendances, we will need to sell players to keep afloat. Even from the few bullet points raised there - we have reduced salaries down to an average wage of 11k p/w, we are making a significant profit from players sales, yet we are still reliant on Directors loans to stay in the black. Of course some of that may be down to clearing off historic debts/fines etc. As such the amount by which we are reliant on Directors loans should hopefully fall with time. But it's pretty clear that we should continue with a policy if buying young and developing our own youth, as well as selling when we feel a player has hit their highest potential market value. Unfortunately for us, this summer represents that time for Eze, BOS, Manning and pretty much any other player out of contract in 2021 that is showing no intention of signing a new deal. |
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Post by croydoncaptainjack on Feb 28, 2020 9:08:16 GMT
To be fair that is not just us but virtually every club in this Division and somehow some in the one above as well.
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Post by West Acton on Feb 28, 2020 9:28:37 GMT
And people blindly demanded we should have spent £5mil on Wells
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Post by Tarbie on Feb 28, 2020 9:58:31 GMT
To be fair that is not just us but virtually every club in this Division and somehow some in the one above as well. So what's the answer? Just accept that the whole football ecosystem across Europe is now designed in a way that every club outside of the absolute elite are basically operating in a feeder system to bigger clubs? Surely there has got to be a better way than this ensure clubs operate within their means? FFP in it's current guise seems to serve virtually no purpose other than protecting the futures of elite clubs that are already operating by a totally different set of rules than 99% of football clubs across Europe. |
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Post by esoxlucius on Feb 28, 2020 10:29:52 GMT
To be fair that is not just us but virtually every club in this Division and somehow some in the one above as well. So what's the answer? Just accept that the whole football ecosystem across Europe is now designed in a way that every club outside of the absolute elite are basically operating in a feeder system to bigger clubs? Surely there has got to be a better way than this ensure clubs operate within their means? FFP in it's current guise seems to serve virtually no purpose other than protecting the futures of elite clubs that are already operating by a totally different set of rules that 99% of football clubs across Europe. I was banging on about this very subject around five years ago, and made a lot of people very angry at me (sound familiar?  ). I read the full paper on FFP, as it applied to us at the time, and that was very much my conclusion but I was wrong, it was to stop clubs being run badly and the owners leaving them in debt and causing them to go out of business. Since then we have had Notts. Cty. Bolton and Bury either going out of business or circling around the drain. An even bigger disgrace is the Elite Player Performance Plan which means the Category A academies can rape the lower graded academies for their best players and only have to pay a pittance for the leasure, all in the name of developing the best homegrown talent. If this had been about when we sold Raheem Sterling we would have received £60k flat fee and that would have been it. I am hoping that the regulations on how many loan players can be at a club will help put an end to the rack 'em and stack 'em policies of clubs like Chelsea and Man City is brought to a timely end so that they can't just hoover up all the best players and ship them out on loan to generate revenue for the club. Don't get upset at owners being unfit for purpose, the EFL & the FA aren't fit for purpose. The world's biggest clubs really couldn't give a flying fuck about football it is all about increasing the brand image and getting their snouts deeper into the TV money trough. www.nytimes.com/2019/12/05/sports/real-madrid-fifa-european-super-league.html |
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Post by croydoncaptainjack on Feb 28, 2020 10:52:12 GMT
To be fair that is not just us but virtually every club in this Division and somehow some in the one above as well. So what's the answer? Just accept that the whole football ecosystem across Europe is now designed in a way that every club outside of the absolute elite are basically operating in a feeder system to bigger clubs? Surely there has got to be a better way than this ensure clubs operate within their means? FFP in it's current guise seems to serve virtually no purpose other than protecting the futures of elite clubs that are already operating by a totally different set of rules than 99% of football clubs across Europe. I think as long as there are owners prepared to fund losses it will continue. Think of the work we have done to get to the position where we can just about 'only' lose £13m a year. Incredible really. |
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Post by Stanley75 on Feb 28, 2020 13:27:30 GMT
And people blindly demanded we should have spent £5mil on Wells Isn't that partly down to them thinking that apparently the club had £4m available to buy Scott McKenna. So what happened to that transfer kitty cash would be their question? |
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Post by alanwycombe on Feb 28, 2020 13:44:10 GMT
I got called out on the thread about salaries for saying the club is skint. Anyone still think we're not? Thank God the owners are still here.
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Post by esoxlucius on Feb 28, 2020 14:20:44 GMT
And people blindly demanded we should have spent £5mil on Wells Isn't that partly down to them thinking that apparently the club had £4m available to buy Scott McKenna. So what happened to that transfer kitty cash would be their question? I wouldn't have put it past Hoos to have knowingly undervalued the bid just to let other clubs know we don't have a lot of money to spend on decent players, and hope to strike lucky with one. |
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Post by Deleted on Feb 28, 2020 14:30:32 GMT
I got called out on the thread about salaries for saying the club is skint. Anyone still think we're not? Thank God the owners are still here. Scary that we as bottom half champs club been spending £30m a year on wage bill. Doesn't get you much these days does it. |
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Post by West Acton on Feb 28, 2020 16:28:23 GMT
And people blindly demanded we should have spent £5mil on Wells Isn't that partly down to them thinking that apparently the club had £4m available to buy Scott McKenna. So what happened to that transfer kitty cash would be their question? but was that info from club or paper talk |
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Post by Stanley75 on Feb 28, 2020 16:59:25 GMT
Isn't that partly down to them thinking that apparently the club had £4m available to buy Scott McKenna. So what happened to that transfer kitty cash would be their question? but was that info from club or paper talk Warbs told us at the pre-season fans meeting that the club were in for him. They'd put in an offer which it later transpired didn't meet Aberdeen's valuation. So fans were just questioning what became of those available transfer funds. |
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Post by West Acton on Feb 28, 2020 17:12:26 GMT
Remember that but I thought it was papers that named price we bid not club. We might have offered 500k
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Post by hal9thou on Feb 28, 2020 17:25:23 GMT
FFP: it doesn't matter what its for, or what the idea was, what matters is whether or not it has either leveled the playing field or prevented high risk spending. It has done neither. Since it has been in force, rich clubs have got richer and smaller clubs are still horribly vulnerable.
The fact is that clubs are so substantially rewarded by promotion to the EPL that risk taking has become a reasonable strategy. We'd soon find out the financial reality in the parallel universe event of getting promoted.
We have some of the richest owners in football in the world on our board. There are only two conceivable ways that they will eventually turn a profit on their investment. One is via the property, and the other is via promotion.
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Post by alanwycombe on Feb 28, 2020 17:32:12 GMT
Has anyone ever estimated the real estate value of the stadium?
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Post by esoxlucius on Feb 28, 2020 19:34:39 GMT
Has anyone ever estimated the real estate value of the stadium? It won't be the same as the normal land prices in the area as I think the ground has a covenant on it that says it must only be used for sport. |
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Post by alanwycombe on Feb 28, 2020 22:21:15 GMT
If that is right Esox I can't see us ever moving - the place is just a millstone around their necks.
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Post by esoxlucius on Feb 28, 2020 22:48:25 GMT
If that is right Esox I can't see us ever moving - the place is just a millstone around their necks. I have a strong memory of reading this quite a few years ago but after thirty minutes hunting for it on Google I can't find any info to support this. |
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Post by alanwycombe on Feb 28, 2020 22:51:17 GMT
Brownfield site, emphasis on housing these days.... I reckon if it exists they are rich/clever enough to overturn.
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Post by esoxlucius on Mar 1, 2020 21:31:32 GMT
I hope this breaking news tonight is a sign that everyone in the club believes in the "QPR project" that we are embarking on this season. It gives me just the very slightest hope that unless it is silly money we may not lose any, or too many of our young stars as they will want to stay and learn.
"QPR assistant manager John Eustace has turned down the chance to discuss Blackpool's managerial vacancy after they made an official request to QPR." Source: Skysports.com
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Post by acricketer on Mar 1, 2020 23:07:57 GMT
I hope this breaking news tonight is a sign that everyone in the club believes in the "QPR project" that we are embarking on this season. It gives me just the very slightest hope that unless it is silly money we may not lose any, or too many of our young stars as they will want to stay and learn. "QPR assistant manager John Eustace has turned down the chance to discuss Blackpool's managerial vacancy after they made an official request to QPR." Source: Skysports.com Very positive if true. |
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Post by hal9thou on Mar 2, 2020 0:25:22 GMT
Has anyone ever estimated the real estate value of the stadium? It won't be the same as the normal land prices in the area as I think the ground has a covenant on it that says it must only be used for sport.
That's really interesting, because if true covenants are pretty much locked down. Would have to come into the equation.
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). I read the full paper on FFP, as it applied to us at the time, and that was very much my conclusion but I was wrong, it was to stop clubs being run badly and the owners leaving them in debt and causing them to go out of business. Since then we have had Notts. Cty. Bolton and Bury either going out of business or circling around the drain. An even bigger disgrace is the Elite Player Performance Plan which means the Category A academies can rape the lower graded academies for their best players and only have to pay a pittance for the leasure, all in the name of developing the best homegrown talent. If this had been about when we sold Raheem Sterling we would have received £60k flat fee and that would have been it. I am hoping that the regulations on how many loan players can be at a club will help put an end to the rack 'em and stack 'em policies of clubs like Chelsea and Man City is brought to a timely end so that they can't just hoover up all the best players and ship them out on loan to generate revenue for the club. Don't get upset at owners being unfit for purpose, the EFL & the FA aren't fit for purpose. The world's biggest clubs really couldn't give a flying fuck about football it is all about increasing the brand image and getting their snouts deeper into the TV money trough.
