Guest mozzyblue Posted February 18, 2010 Share Posted February 18, 2010 We could be in for a long wait if this is true. We are way down the bottom of the list. Worrying read. http://www.equifax.co.uk/About-us/Press_re...AGUE_CLUBS.html Link to comment Share on other sites More sharing options...
Essix Blue Posted February 18, 2010 Share Posted February 18, 2010 I wonder what page Pompey are on.... Link to comment Share on other sites More sharing options...
Dizzys Dad Posted February 18, 2010 Share Posted February 18, 2010 We could be in for a long wait if this is true. We are way down the bottom of the list. Worrying read. http://www.equifax.co.uk/About-us/Press_re...AGUE_CLUBS.html This is a credit report, basically saying we`re not a good credit risk.It doesn`t mean we`re not a good investment proposition. Link to comment Share on other sites More sharing options...
TheBoyBeevers Posted February 18, 2010 Share Posted February 18, 2010 This is a credit report, basically saying we`re not a good credit risk. It doesn`t mean we`re not a good investment proposition. ^^^^^^^^ This. Link to comment Share on other sites More sharing options...
Neal M Posted February 18, 2010 Share Posted February 18, 2010 FFS - It's not like we are applying for a new credit card. Being a credit risk is only really an issue to lenders (who get little say in how a club is run). The fact that potential investors are involved in long standing, ongoing talks with the club means that they don't give a throw about our credit rating. If they did, they wouldn't have come near us in the first place. I move a lot of concrete on the QVC. Link to comment Share on other sites More sharing options...
darra Posted February 18, 2010 Share Posted February 18, 2010 Looking at that the blunts have a score of 30 and us 2 meaning that they are 15 times better investment than us with twice the debt,doesn't make sense to me. Link to comment Share on other sites More sharing options...
Guest mickeybb Posted February 18, 2010 Share Posted February 18, 2010 Looking at that the blunts have a score of 30 and us 2 meaning that they are 15 times better investment than us with twice the debt,doesn't make sense to me. Maybe cos SUFC debt is not real debt in the sense the SWFC's is? NOT that any of you will see that because you don't wish to do so...You would rather make ill informed "funny" comments about hotels etc Link to comment Share on other sites More sharing options...
darra Posted February 18, 2010 Share Posted February 18, 2010 Maybe cos SUFC debt is not real debt in the sense the SWFC's is? NOT that any of you will see that because you don't wish to do so...You would rather make ill informed "funny" comments about hotels etc not a dig mate just an observation as far as i'm concerned a debt is a debt no matter who it belongs to in that it has to paid eventually. Link to comment Share on other sites More sharing options...
Furious George Posted February 18, 2010 Share Posted February 18, 2010 Maybe cos SUFC debt is not real debt in the sense the SWFC's is? NOT that any of you will see that because you don't wish to do so...You would rather make ill informed "funny" comments about hotels etc You have a hotel?! Link to comment Share on other sites More sharing options...
Furious George Posted February 18, 2010 Share Posted February 18, 2010 Oh, and there's one way to achieve a good credit rating. Those who have had no credit find it hard to obtain since there is no record of their payment history. Those that have had lots of loans settled and paid on time will get a good score. That doesn't address those though with credit up to their eyeballs with a good record, with a 4,5m shortfall this yearl and having to sell the family jewels to pay the bills. Like we keep saying mickeybb, if you don't go up this season, poo poo time. Link to comment Share on other sites More sharing options...
Guest mickeybb Posted February 18, 2010 Share Posted February 18, 2010 not a dig mate just an observation as far as i'm concerned a debt is a debt no matter who it belongs to in that it has to paid eventually.The thing with SUFC debt is that a lot of it is held to KM who just happens to also own most of the shares in SUFC PLC..so he is a bit between a rock and a hard place even if he wanted to reclaim the debt....The mortgage on the hotel is a long term thing, and whatever the current trading situation for Copthorne Sheffield, hotel and leisure is usually a highly profitable activity..Copthorne msut see the potential or it would no doubt be Sheffield 2 Travel Lodge by now Im not trying to big SUFC up or berate SWFC im merely adding some balance to the job... Link to comment Share on other sites More sharing options...
Rugbyowl Posted February 18, 2010 Share Posted February 18, 2010 We could be in for a long wait if this is true. We are way down the bottom of the list. Worrying read. http://www.equifax.co.uk/About-us/Press_re...AGUE_CLUBS.html 15 out of the 23 insolvent then. With QPR who have mega investment, and the Grunters with F and E grades respectively. The only team to have gone into administration is not at the bottom of the list?? Not sure what can be read into this data other than over 65% of the teams in the championship are in financial trouble. but how many of the 65% regularly attract 20k+ gates at home that is not massively dependant on league position. There has been a lot of traffic on this site regarding the need to boost ST sales and the gates for midweek home games, which I guess will marginally improve some of the indicators that build the risk status of each club. I have no expertise in company finance but I am sure someone who has will give me the benefit. Link to comment Share on other sites More sharing options...
devon_owl Posted February 18, 2010 Share Posted February 18, 2010 Seriously look at some of the teams with us and the positions, It is saying that Blackpool are worse then Palace (who are in London and are battling it out with many other teams and in Admin) and look at Cardiff who have a £30 million debt and are trying to sell land they dont even own are considered higher then Swansea, who are much more financially stable and in a similar position. I would consider us one of the most attractive offers, take away the debt you see a tight financial model and enormous potential. We have good facilities, big support, big stadium and a unique famous name, Plymouth are up there because of a huge catchment area but look at some of the others, Sflaphorpe? Barnsley? Watford? ..above Newcastle too? Link to comment Share on other sites More sharing options...
Guest Anglofile Posted February 18, 2010 Share Posted February 18, 2010 15 out of the 23 insolvent then. With QPR who have mega investment, and the Grunters with F and E grades respectively. The only team to have gone into administration is not at the bottom of the list?? Not sure what can be read into this data other than over 65% of the teams in the championship are in financial trouble. but how many of the 65% regularly attract 20k+ gates at home that is not massively dependant on league position. There has been a lot of traffic on this site regarding the need to boost ST sales and the gates for midweek home games, which I guess will marginally improve some of the indicators that build the risk status of each club. I have no expertise in company finance but I am sure someone who has will give me the benefit. Really not worth the paper they're written on. I don't know of anyone who takes those credit reports seriously. Throw the article in the trash!! Joe Link to comment Share on other sites More sharing options...
darra Posted February 18, 2010 Share Posted February 18, 2010 The thing with SUFC debt is that a lot of it is held to KM who just happens to also own most of the shares in SUFC PLC..so he is a bit between a rock and a hard place even if he wanted to reclaim the debt.... The mortgage on the hotel is a long term thing, and whatever the current trading situation for Copthorne Sheffield, hotel and leisure is usually a highly profitable activity..Copthorne msut see the potential or it would no doubt be Sheffield 2 Travel Lodge by now Im not trying to big SUFC up or berate SWFC im merely adding some balance to the job... Again not a dig but some of our debt is owed to directors some ex and will not be paid until the debt reaches a certain level or we get promotion so they cannot reclaim the debt even if they wanted to. Link to comment Share on other sites More sharing options...
Guest mickeybb Posted February 18, 2010 Share Posted February 18, 2010 Again not a dig but some of our debt is owed to directors some ex and will not be paid until the debt reaches a certain level or we get promotion so they cannot reclaim the debt even if they wanted to.Yeah so i see....IMO SWFC are not a bad Investment at all, as things stand right now; the potential cash-flow would worry me but I guess that early sales of ST will see that over and that's not an investment related matter...All Equifax are is a Credit Reference Agency, as has been noted above.....SWFC and Co-op Bank seem to be onvery good terms so if I had the misfortune to be one of you Id not be swaeting on this..... Link to comment Share on other sites More sharing options...
NYCOWL Posted February 18, 2010 Share Posted February 18, 2010 Maybe cos SUFC debt is not real debt in the sense the SWFC's is? NOT that any of you will see that because you don't wish to do so...You would rather make ill informed "funny" comments about hotels etc Disregarding the loans to the chairman, whats your bank debt? Link to comment Share on other sites More sharing options...
Guest mickeybb Posted February 18, 2010 Share Posted February 18, 2010 Disregarding the loans to the chairman, whats your bank debt?Somewhere in the region of £6m,,,I not got the accounts to hand 'cos I do have better bed time reading..you can't add any business centre/hotel related monies to bank debts.... Link to comment Share on other sites More sharing options...
Furious George Posted February 18, 2010 Share Posted February 18, 2010 Somewhere in the region of £6m,,,I not got the accounts to hand 'cos I do have better bed time reading..you can't add any business centre/hotel related monies to bank debts....oh dear. Link to comment Share on other sites More sharing options...
Furious George Posted February 18, 2010 Share Posted February 18, 2010 20m soft debts to McCabe. 48m debt confirmed by Birch. That 28m is owed to someone other than McCabe. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now