Transfer Rumour January transfer window (89 Viewers)

[shmmeee]

I would argue we’ve spent a lot of money on this squad compared to other squads

Where would our spending put us compared to the other non parachute teams. I’d assume we would have spent more than sides like Boro or Ipswich last year?

If not fair enough but my understanding is we’ve spent high, got low and now we need to know whether or not to keep spending especially now we’re we haven’t apparently got any internal funds.

And I’d argue none of those teams had a L1 squad with two world class players. Don’t look just at this and last seasons spending but spending over four or five years would probably be more accurate.

 

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[Sky Blue Harry H]

Really?

Dripping with sarcasm !!

 

[Deity]

Are we overspending? Or is that just what spending in this division looks like?

We are one of the biggest spenders over the last 2 years ……

 

[Chris1987]

Doug have to find the funds to pay himself the loan I’d imagine. Or he’ll just demand it when the club is sold?

Highly unlikely to do anything other than redeem on sale

 

[Old Warwickshire lad]

Accounts to 31 May 2023 show that he put £6m so you are wrong, I’m afraid.

He made a LOAN of £6m

 

[skybluecam]

And I’d argue none of those teams had a L1 squad with two world class players. Don’t look just at this and last seasons spending but spending over four or five years would probably be more accurate.

Hamer is world class but still in the championship two season later

 

[shmmeee]

My error

King has lent CovCityCo Ltd the new parent company £60500000 which is repayable on demand

CovCityCo has lent CCFC Ltd £6000000 which matures on 16 Feb 26.

What happens if DK calls in his debt to CCC L early?

£60.5m??

 

[SkyBlue_Bear83]

King is a wank owner. Spunked all of the Vik and Gus money on a shower of shit spineless cunts who want out now the going is a little bit tough. Woke up this morning feeling fine…

Honestly his record and decision making since taking over is abysmal and our league position is reflection of his decisions.

Interfered in transfer policy and did some horrendous transfer business

Demanded a cup run with derailed our play off push and took no responsibility for it

Failed to appoint a new assistant after Viveash left

Questionable sacking of a manager who had improved us every season before Kings arrival followed by a questionable appointment of a 'name'

King has overseen a constant decline since he took over, from a play off finish he had 0% influence or input on. He took us to a lower finish the next season and is looking to take us to an even lower finish this season.

 

[shmmeee]

Hamer is world class but still in the championship two season later

Let me have this. He’s world class to me.

 

[The watchmaker]

Just King? Robins and Austin more to blame.

Remember when Robins said he frequently warned Doug about FFP and sustainability?

But more importantly - this isn't actually a problem. Whilst I am slightly worried that the owner might be falling out of love with the club, not letting debts spiral should be welcomed given where we have been. No doubt it will make things difficult improving the squad but if thats where we are - that is where we are. We have a few saleable assets that we probably wouldn't miss that much and so far money has been reinvested - that is a huge step up on the SISU days.

 

[SHUNT31]

He made a LOAN of £6m

Right. That’s how companies work as they’re separate entities.

No different to me using £50k of my own money for my company. That would essentially be a £50k loan to the company.

 

[skybluecam]

Let me have this. He’s world class to me.

me too tbf

Hamer is quality. Still believe he would’ve been a good depth option for anyone in the top 6. Wouldn’t be surprised if he’s going for 40-50m next summer.

 

[shmmeee]

me too tbf

Point remains though that Sheaf aside we’ve basically built an entire squad for £45m so like for like with those who have been in the division a while you’ve got to look a bit longer term at their entire squad cost.

 

[SHUNT31]

Remember when Robins said he frequently warned Doug about FFP and sustainability?

But more importantly - this isn't actually a problem. Whilst I am slightly worried that the owner might be falling out of love with the club, not letting debts spiral should be welcomed given where we have been. No doubt it will make things difficult improving the squad but if thats where we are - that is where we are. We have a few saleable assets that we probably wouldn't miss that much and so far money has been reinvested - that is a huge step up on the SISU days.

I’m not convinced that anything has changed with King’s aspirations for us to be honest.

But he can do no right. If he is in the media too much, he’s a narcissist and an egomaniac. If he’s not heard from for a couple of weeks he’s a coward.

I don’t think he is exempt from criticism and he has made mistakes but the way some people criticise is hilarious.

 

[Grendel]

My error

King has lent CovCityCo Ltd the new parent company £60500000 which is repayable on demand

CovCityCo has lent CCFC Ltd £6000000 which matures on 16 Feb 26.

What happens if DK calls in his debt to CCC L early?

It’s unlikely he will. Whats more likely is that he will defer further and defer with interest.

 

[Sky Blue Goblin]

And I’d argue none of those teams had a L1 squad with two world class players. Don’t look just at this and last seasons spending but spending over four or five years would probably be more accurate.

I can’t rightly judge his spending with Sisus.

We have to look back at his tenure when making judgements on our spending under Doug. That means over the 5 windows we’ve spent a lot if not all of our returns.

If in the next 7 windows we don’t spend a penny maybe it’ll balance out but it’s still a lot especially over two and a half years

 

[Sky Blue Goblin]

Highly unlikely to do anything other than redeem on sale

Yep madness to hurt the business he will want to sell

 

[Grendel]

He made a LOAN of £6m

Which is standard practice

 

[Deity]

No it is King. He’s tighter than a nuns chuff and unwilling to put his own money in, just money that he’s earnt through player sales.

He could quite easily put £5m in, in advance of player sales in the summer

All of the transfer income was Kings. He owns all the assets. I’m amazed some fans still don’t understand the basics.

He could easily have pocketed 80% of the income himself, derisked his ownership and Robins 20% to invest.

He didn’t.

 

[Nuskyblue]

We are one of the biggest spenders over the last 2 years ……

The net spend will low to mid table at a guess tho?

I think we've done a bit of a Tottenham, remember when the sold Bale for stacks and bought in Soldado, Chadli and various other dossers?

 

[fernandopartridge]

It’s unlikely he will. Whats more likely is that he will defer further and defer with interest.

It's interest free

 

[The watchmaker]

Where would our spending put us compared to the other non parachute teams. I’d assume we would have spent more than sides like Boro or Ipswich last year?

During Doug's tenure and focusing on transfers alone you are probably right, but in terms of wage bill and continued investment we are (probably) still nowhere near Boro - they pick up a lot of free transfers and big money loans alongside spending a decent whack on players. Can't really expect Doug to Gibson it though - not a lot of owners do that.

Our spend is all a bit skewed by the two massive sales and the small number of players on the books after the play offs. You would imagine our wage bill is top half at least now though. And what can you say about Ipswich - that's not a model I think we could adapt and repeat!

 

[shmmeee]

I can’t rightly judge his spending with Sisus.

We have to look back at his tenure when making judgements on our spending under Doug. That means over the 5 windows we’ve spent a lot if not all of our returns.

If in the next 7 windows we don’t spend a penny maybe it’ll balance out but it’s still a lot especially over two and a half years

Im not saying judge his with Sisus. Im saying compare it to teams that have been building their squad for years.

 

[SHUNT31]

My error

King has lent CovCityCo Ltd the new parent company £60500000 which is repayable on demand

CovCityCo has lent CCFC Ltd £6000000 which matures on 16 Feb 26.

What happens if DK calls in his debt to CCC L early?

The strategic report mentions that further funding is available, if required.

He would be unlikely to call it in though, and if he did, it would not be in his interests to unless CCFC have no need to use the facility / can repay the amounts borrowed.

 

[shmmeee]

It's interest free

Sorry to be clear: the club has debts of £60m+ to King?

 

[fernandopartridge]

All of the transfer income was Kings. He owns all the assets. I’m amazed some fans still don’t understand the basics.

He could easily have pocketed 80% of the income himself, derisked his ownership and Robins 20% to invest.

He didn’t.

By that logic limitation of liability through companies doesn't exist, if he owns all the assets he owns all the liabilities? is King on the hook for all of the club's debts if it folds?

 

[TomRad85]

All of the transfer income was Kings. He owns all the assets. I’m amazed some fans still don’t understand the basics.

He could easily have pocketed 80% of the income himself, derisked his ownership and Robins 20% to invest.

He didn’t.

Some people were saying at the time it would be nice if the owner put even half of the sales into funds for the manager. How quickly people forget...

 

[fernandopartridge]

Sorry to be clear: the club has debts of £60m+ to King?

£6m

 

[SHUNT31]

It's interest free

For the time being yes. It’s due to mature in Feb 2026 so could re-loan on different terms.

 

[shmmeee]

£6m

Oh good. Cos your original post had an extra zero I think. I thought you were saying the Sisu debt was still hanging around ‍

 

[fernandopartridge]

For the time being yes. It’s due to mature in Feb 2026 so could re-loan on different terms.

I feel like he might have implied one of his commitments was not to make interest bearing loans to the club

 

[shmmeee]

OK that was not the emoji I typed

 

[SHUNT31]

I feel like he might have implied one of his commitments was not to make interest bearing loans to the club

I think you are right. Though things do change.

Either way, we are in pretty good shape atm. Will be interesting to see 31/05/24 accounts.

 

[Sky Blue Goblin]

Im not saying judge his with Sisus. Im saying compare it to teams that have been building their squad for years.

If you play that logic, if we were to continue spending this amount over five years we would be spending £112,500,000 that’s the 45,000,000/2 X 5.

We can only judge the last two years where we have spent a fortune and got relatively no closer to the goal. Why would a rethink and revaluation be the end of the world?

 

[shmmeee]

If you play that logic, if we were to continue spending this amount over five years we would be spending £112,500,000 that’s the 45,000,000/2 X 5.

We can only judge the last two years where we have spent a fortune and got relatively no closer to the goal. Why would a rethink and revaluation be the end of the world?

Genuinely not sure if serious.

Most teams don’t build entire squads over two seasons. Most incrementally build them. So comparing a team that’s done a full rebuild with an incremental rebuild is apples and oranges.