shmmeee
Well-Known Member
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 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.
Dripping with sarcasm !!Really?
We are one of the biggest spenders over the last 2 years ……Are we overspending? Or is that just what spending in this division looks like?
Highly unlikely to do anything other than redeem on saleDoug have to find the funds to pay himself the loan I’d imagine. Or he’ll just demand it when the club is sold?
He made a LOAN of £6mAccounts to 31 May 2023 show that he put £6m so you are wrong, I’m afraid.
Hamer is world class but still in the championship two season laterAnd 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.
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?
Honestly his record and decision making since taking over is abysmal and our league position is reflection of his decisions.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…
Hamer is world class but still in the championship two season later
Remember when Robins said he frequently warned Doug about FFP and sustainability?Just King? Robins and Austin more to blame.
Right. That’s how companies work as they’re separate entities.He made a LOAN of £6m
me too tbfLet me have this. He’s world class to me.
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.
me too tbf
I’m not convinced that anything has changed with King’s aspirations for us to be honest.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.
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?
I can’t rightly judge his spending with Sisus.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.
Yep madness to hurt the business he will want to sellHighly unlikely to do anything other than redeem on sale
He made a LOAN of £6m
All of the transfer income was Kings. He owns all the assets. I’m amazed some fans still don’t understand the basics.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
The net spend will low to mid table at a guess tho?We are one of the biggest spenders over the last 2 years ……
It’s unlikely he will. Whats more likely is that he will defer further and defer with interest.
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.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?
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
The strategic report mentions that further funding is available, if required.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 interest free
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...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.
£6mSorry to be clear: the club has debts of £60m+ to King?
For the time being yes. It’s due to mature in Feb 2026 so could re-loan on different terms.It's interest free
For the time being yes. It’s due to mature in Feb 2026 so could re-loan on different terms.
I think you are right. Though things do change.I feel like he might have implied one of his commitments was not to make interest bearing loans to the club
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?
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