Mike Ashley rumours (3 Viewers)

hill83 said:

Hearing this is happening in the next 48 hours

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Gimoc? Maybe/ maybe not. Clock’s ticking.

Captain Dart said:

It's worth reading the accounts of Coventry City's holding company CovCityCo Ltd.

They do set out a number of objectives the club is pursuing including transfer balances and an intriguing statement about researching and developing injury rehabilitation and performance tracking capabilities. There is also a statement about the owner having the financial wherewithal to deal with the unlikely event of demotion to league one. Profit on player sales till May 23 was only £40k but those figures do not include Viktor Gyökeres or Gustavo Hamer transfers out and any subsequent transfers in. Turnover was £11.1m, salaries were £8.8m, losses were £4mm there is a £6m loan being paid back.

COVCITYCO LTD filing history - Find and update company information - GOV.UK

COVCITYCO LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

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Not t’bad.

shmmeee said:

Believe what you want. I notice you’re still not explaining your experience. Tell us how telling buyers publicly the company wasn’t for sale lead to higher offers. I’m all ears.

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When facebook acquired whatsapp, initially told not for sale. Microsoft acquired linkedin, initially not for sale. Pixar and disney, whole foods and amazon. Yahoo and verizon. Time Warner and AT&T.

This is embarrassing now. In general negotiation theory, common opening position is that you’re not activity looking to buy or sell. It’s just an extreme opening, it’s not that deep and it’s not that hard to understand and it’s weird that you won’t acknowledge it

Do you think every football player sale only happens if the sellers immediately say “yes he’s for sale by the way we’d love to talk”

Flying Fokker said:

Not t’bad.

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Be different in a few months and still a year out of date I think?

wingy said:

Be different in a few months and still a year out of date I think?

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Accounts usually cover a period ending 9 months before the date of publication.

Should be another one at the end of February.

alexccfc99 said:

In that time though they flogged Kante to Chelsea and Maguire to United so their lavish spending kind of paid for itself for a period

That money ran out and they continued to hemorrhage money on shit

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Sounds a bit familiar.

Captain Dart said:

It's worth reading the accounts of Coventry City's holding company CovCityCo Ltd.

They do set out a number of objectives the club is pursuing including transfer balances and an intriguing statement about researching and developing injury rehabilitation and performance tracking capabilities. There is also a statement about the owner having the financial wherewithal to deal with the unlikely event of demotion to league one. Profit on player sales till May 23 was only £40k but those figures do not include Viktor Gyökeres or Gustavo Hamer transfers out and any subsequent transfers in. Turnover was £11.1m, salaries were £8.8m, losses were £4mm there is a £6m loan being paid back.

COVCITYCO LTD filing history - Find and update company information - GOV.UK

COVCITYCO LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

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Thought we were debt free?

MalcSB said:

Thought we were debt free?

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I’m sure Doug said we were debt free at the point of purchase

If he thought he was getting a thriving business his due diligence is to pot. Was maybe gambling on a rapid promotion?

Captain Dart said:

It's worth reading the accounts of Coventry City's holding company CovCityCo Ltd.

They do set out a number of objectives the club is pursuing including transfer balances and an intriguing statement about researching and developing injury rehabilitation and performance tracking capabilities. There is also a statement about the owner having the financial wherewithal to deal with the unlikely event of demotion to league one. Profit on player sales till May 23 was only £40k but those figures do not include Viktor Gyökeres or Gustavo Hamer transfers out and any subsequent transfers in. Turnover was £11.1m, salaries were £8.8m, losses were £4mm there is a £6m loan being paid back.

COVCITYCO LTD filing history - Find and update company information - GOV.UK

COVCITYCO LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

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The wording around the owner’s financial guarantee is very similar to what was said in relation to Derek Richardson and Wasps. I suppose when Wasps went tits up it was because of the inability to repay the £35m bond which is probably a number of multiples the size of any subsidy that Doug could have to make to honour that guarantee.

Im not an accountant, but I thought the sources of income to be interesting

Match receipts. £4,705,852
Broadcasting. £4,074,704
Other Commercial income. £2,342, 135

I was surprised that match receipts are relatively only a little more than broadcast income over a season (£631, 148).

Little wonder really that fans take last palace in any consideration between broadcast and supporters when it comes to, e.g., kick off times and fixtures being moved. The £631k would be the equivalent of about 800 walk ups per match or 1,600 adult season ticket holders.

There is also mention of “a new credit facility” being available.

Sky Blue Goblin said:

Haven’t been around the SBT block enough, is Hill another itk?

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I think he is more ITP (In The Pub)