We are not self sustainable it’s a myth
Its not a myth, I think we are all aware that the club doesn't receive enough gate money, commercial sponsorship etc to pay the bills entirely.
However, we now operate a much more sustainable model.
We have all seen the accounts that show the loans we have and the external funding coming in.
We are now in a far better situation than most clubs. We are not paying ex-superstars 60k a week, or reliant on a Greek shipping magnate to fund multimillion transfers.
That was more my point.
It is a total myth
We have been borrowing more money from the master fund loanees and also those attract repayable interest
Our balance sheet is an unmitigated disaster
Its not a myth because we all know it happens.
Nobody has claimed we are totally self sufficient, but we are certainly a lot more sustainable than the majority of other clubs.
You may have to drive out of Coventry to see them at home still.......Before I start WWIII here, SISU have done a fucking horrendous job.
However, the push to sustainability and development in the last 3 years has been and will be a brilliant move in the long run. The bubble will burst eventually, when China, Russia and the Middle East lose interest clubs will be in the shit left, right and centre.
China are already losing interest as president Xi moves away from football as a political strategy.
There are only so many countries in the Middle East who need to tidy up their PR using sports teams.
I understand why fans want to be spunking somebody else's money to win silverware in the short term, but I'd rather have a club that is on a sound footing and will still be here for me to eventually take my kids and grandkids to watch.
You may have to drive out of Coventry to see them at home still.......
We're not really Tom. We have no asset base, we have no home. We have got a bit of goodwill and some players. We don't have any more future payments due for players sold in the past. The outlook is as grim as it has ever been if you ask me.Its not a myth, I think we are all aware that the club doesn't receive enough gate money, commercial sponsorship etc to pay the bills entirely.
However, we now operate a much more sustainable model.
We have all seen the accounts that show the loans we have and the external funding coming in.
We are now in a far better situation than most clubs. We are not paying ex-superstars 60k a week, or reliant on a Greek shipping magnate to fund multimillion transfers.
That was more my point.
Why would I want us to go down you moron.
Personally I dont believe we need a helping hand we will be ok.
Btw way I am not NOPM.
How is it worse than before we sold Wilson?We're not really Tom. We have no asset base, we have no home. We have got a bit of goodwill and some players. We don't have any more future payments due for players sold in the past. The outlook is as grim as it has ever been if you ask me.
Wait are you saying we are not more sustainable than the majority of clubs in the championship? Can you please elaborateIt is a total myth
We have been borrowing more money from the master fund loanees and also those attract repayable interest
Our balance sheet is an unmitigated disaster
How is it not?How is it worse than before we sold Wilson?
Most homeless people are very frugal, it doesn't mean their prosperousWait are you saying we are not more sustainable than the majority of clubs in the championship? Can you please elaborate
We're not really Tom. We have no asset base, we have no home. We have got a bit of goodwill and some players. We don't have any more future payments due for players sold in the past. The outlook is as grim as it has ever been if you ask me.
We are a league higher, have more revenue streams, more attractive proposition to investors, greater goodwill.How is it not?
Not strictly true. We still have interests in/money coming in for McCallum and Maddison at least. The home side is obviously the big problem. Vital we're back in Coventry asap.
Norwich get money every year Leicester stay in the premier league +appearances goals scored and so on, we get 10% of whatever Norwich get, Dave Boddy said Norwich are good at selling players and money always coming in from that saleHow are we still getting Maddison money? Is he giving us a cut of his £100k a week?
Norwich get money every year Leicester stay in the premier league +appearances goals scored and so on, we get 10% of whatever Norwich get, Dave Boddy said Norwich are good at selling players and money always coming in from that sale
Wouldn't be much that, though.Norwich get money every year Leicester stay in the premier league +appearances goals scored and so on, we get 10% of whatever Norwich get, Dave Boddy said Norwich are good at selling players and money always coming in from that sale
It'd still be profit on the deal for them though, so would probably still come under the general clause.I don’t see how we get a cut of a clause they negotiated separately?
We are a league higher, have more revenue streams, more attractive proposition to investors, greater goodwill.
I don’t see how we get a cut of a clause they negotiated separately?
We have greater TV money. Sunderland would attract more interest because they are a much bigger club than us. But we would attract more interest than someone like Rochdalewe have less revenue streams and are far less attractive than other clubs with an actual stadium - Sunderland would easily attract more interest than us
We have greater TV money. Sunderland would attract more interest because they are a much bigger club than us. But we would attract more interest than someone like Rochdale
Are you saying we are a less attractive proposal than we were for the entirety of our league 1 stint? I think the club is at the most sellable it has been since SISU bought it.Which pretty much sums it up
I think Anderson negotiated a pretty clever deal with a separate contract and all sorts of add ons
We're not really Tom. We have no asset base, we have no home. We have got a bit of goodwill and some players. We don't have any more future payments due for players sold in the past. The outlook is as grim as it has ever been if you ask me.
We have greater TV money. Sunderland would attract more interest because they are a much bigger club than us. But we would attract more interest than someone like Rochdale
Rooney is the full time manager now
Not convinced by his appointment.
Rooney is the full time manager now
No extra salary as he’s there alreadyDoes this mean their takeover is now complete?
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