Grendel
Well-Known Member
The owners haven’t invested a single penny since 2012 and our debts are over £20m with zero assets as offset.
How the fuck is that defined as sustainable?
Dom Hyam - Blackburn bid ? (18 Viewers)
- Thread starter Sky Blue Harry H
- Start date
The owners haven’t invested a single penny since 2012 and our debts are over £20m with zero assets as offset.
How the fuck is that defined as sustainable?
Londonccfcfan
Well-Known Member
What's pissing me off is that our midfield and strikers are Top 6 quality in this division.
But our defence including wing backs are bottom 6 quality. Yet we sell arguably our best defender . When clearly our Achilles heel is defending.
Clearly team management were not consulted by this.
Londonccfcfan
Well-Known Member
What planet you on..every club that remains in this division is sustainable. Or striving for more sustainability than the competition.
We are 3 games in. So put your small dick back in your pants.
SkyblueDad
Well-Known Member
It isn’t Grendel but lots on here don’t seem to see it Just look at the Forest example I know they have a wealthy owner but so is ours apparently, they have signed 16 players spending over £120mlion + out of their £170million prem money I dread to think how little sisu would spend if in the same boat,
They have to be got rid of.
Yes, they have covered losses in the form of loans. We all know that.
It's a good deal more sustainable than what we're seeing at other clubs, where total turnover barely covers the wage bill. How does that end for those who don't end up in the PL?
What is it you want them to do? What do you want? A rich Arab using the club as a giant money laundry and as a big vanity project? Well, that would be nice.
In the absence of that, what do you want? I take it you'd rather they didn't loan the club money given your previous comment and perhaps that they offloaded a few more players to cancel out losses, that's fair enough, I've no major issue with that if its part of a long term strategy. Didn't realise that was your position until now.
Brighton Sky Blue
Well-Known Member
I mean is Joy going to keep this thing going until her dying days or will she eventually admit defeat?
D
Deleted member 5849
Guest
The way it's gone to date, the former option seems most likely!
fernandopartridge
Well-Known Member
Grendel
Well-Known Member
Sky_Blue_Dreamer
Well-Known Member
That's a potential, problem in itself. Just a month ago we were thinking if we can consolidate or improve again this season, there will be a lot of squad turnover in the summer and we could look to build again,
As things stand we look like we're going to regress and that will make replacing those out of contract with better much harder. We're hardly offering the biggest wages so being up the top is vital for us to sell ourselves. Especially as we've still got Hamer and O'Hare apparently on unsustainable contracts so it's likely at least one of those would need to go as well.
SeaSeeEffCee
Well-Known Member
Londonccfcfan
Well-Known Member
What dont you understand about debt???? Every club has debt. Every club business and country have debt..(USA trillions). Are you plain thick? You harp on about the same old BS.Sustainable is a financial reference
We have sustainable debt. Our owners have been sustaining it for 14 years. No ones calling on it. No ones defaulting on it.
If the credit rating agencys rated our debt compared to other other championship clubs. We wouldnt be doing too bad.
Grendel
Well-Known Member
Why have we sold Hyam?
He doesn't want to aim for self-sufficiency, definitely not, selling players is a no.
He doesn't want the owers to inject money in the form of loans to cover shortfall, as they are (and not calling in) , also a no (this is not sustainable apparently).
What he wants it seems is "investment", but that can't be loans, they must pump in money, and when we finish 10th and lose a fortune, just write it off like it didn't matter.
That's modern football for you, that sense of entitlememt where football fans demand that their club owners should just spunk money up the wall, and when the club doesn't reach the promised land, ah well, not my money is it. Fuck em.
Brighton Sky Blue
Well-Known Member
There’s a more serious concern over them not even being able to raise capital
Grendel
Well-Known Member
According to London we are sustainable so why sell players
Grendel
Well-Known Member
brentford had £100m loans what the fuck are you on about?
SkyblueDad
Well-Known Member
Probably, think I’m going to invest in a voodoo doll and some pins.
Tommo1993
Well-Known Member
You’ll have to remind me what exactly it is she has going here.
Brighton Sky Blue
Well-Known Member
Well a zombie ownership
Because there is clearly a level of debt, a pinch-point in terms of the losses that they are clearly not willing to go beyond and lose grip on. They may be happy to sustain the debt at a certain level but may have to sell once in a while to ensure it doesn't run away. Not that difficult to get your head around.
Tommo1993
Well-Known Member
Dry, limited maintenance with the odd lucky bounce?
Brighton Sky Blue
Well-Known Member
That’s my marriage
What are you on about, you're all over the place here. Do owner loans count as investment or not
Grendel
Well-Known Member
no it means we’ve run out of money it’s fuck all to do with accounted debt
Grendel
Well-Known Member
What are you on about, you're all over the place here. Do owner loans count as investment or not
the Brentford owner loaned the club £100m at zero percentage interest non relatable . Stoke have done the same - thoughts in our 17% rate and deferred interest payments?
mark82
Super Moderator
That is what was said, from memory.
It doesn't mean that at all. Football clubs only sell late in the transfer window because they have run out of money?
Of course there are clash flow issues right now, but it is entirely revelavant because the owners routinely inject cash to cover cash flow shortages, I'm sure they already have and will again this season.
Selling Hyam will have as much to do with the overall financial picture as it will a temporary cash flow squeeze.
Londonccfcfan
Well-Known Member
You still dont get it do you.
Grendel
Well-Known Member
What are you on about, you're all over the place here. Do owner loans count as investment or not
As I’m all over the place what’s our debt at the minute?
Grendel
Well-Known Member
What cash flow loans have been put in at what interest rates and what has been paid back?
Londonccfcfan
Well-Known Member
Erm your buzz word...call it Sustainability???
Still a loan then you clown, and it means jack unless it's being called in anyway. Like I say, you're all over the place here, having a mare.
Grendel
Well-Known Member
I don’t get what?
What's our current cash on hand situation? You seem to know.
Don't make up shit like we've sold Hyam only because we've run out of money and then ask others to back up their statements, especually a perfectly reasonable assertion that the owners will cover cash flow shortages (as they have before). Back up your own statements before asking that of others.