RUMBELOWS91 Posted December 20, 2018 Share Posted December 20, 2018 Wasn't there last night, but I attempted to follow the goings on for a while on here. Did he really say he could make £100m profit on us? If so that means the asking price.must be at least £180m. That's not going to happen is it? I think we all felt he overpaid for the club in the first place. As we're back where we started in terms of league position, but probably with a squad worth maybe £20m more than it was + investment in the training ground and minor improvements to the stadium, should the asking price be more like £50m? (assuming we can stay up) Link to comment Share on other sites More sharing options...
BRUCE LEE Posted December 20, 2018 Share Posted December 20, 2018 If he wants £20m for Reach.... LOLOLOLOL Link to comment Share on other sites More sharing options...
RUMBELOWS91 Posted December 20, 2018 Author Share Posted December 20, 2018 4 minutes ago, BRUCE LEE said: If he wants £20m for Reach.... LOLOLOLOL Did he say that?! Link to comment Share on other sites More sharing options...
RichSheffWeds Posted December 20, 2018 Share Posted December 20, 2018 5 minutes ago, RUMBELOWS91 said: Wasn't there last night, but I attempted to follow the goings on for a while on here. Did he really say he could make £100m profit on us? If so that means the asking price.must be at least £180m. That's not going to happen is it? I think we all felt he overpaid for the club in the first place. As we're back where we started in terms of league position, but probably with a squad worth maybe £20m more than it was + investment in the training ground and minor improvements to the stadium, should the asking price be more like £50m? (assuming we can stay up) I would have thought £50m max sounds about right. If he has Directors loans into the business to fund losses that could be another £30-40m? Presume he’d want that cash back. Link to comment Share on other sites More sharing options...
RUMBELOWS91 Posted December 20, 2018 Author Share Posted December 20, 2018 Just now, RichSheffWeds said: I would have thought £50m max sounds about right. If he has Directors loans into the business to fund losses that could be another £30-40m? Presume he’d want that cash back. He might want it back, but is it realistic to expect it? If you spend £30m on a pike of junk, is it worth £30m when you realise it's a pile of junk and try and sell it? Link to comment Share on other sites More sharing options...
Ironman Posted December 20, 2018 Share Posted December 20, 2018 Chexit 5 Link to comment Share on other sites More sharing options...
RUMBELOWS91 Posted December 20, 2018 Author Share Posted December 20, 2018 1 minute ago, Ironman said: Chexit Someone had to 2 Link to comment Share on other sites More sharing options...
Wednesday_Jack Posted December 20, 2018 Share Posted December 20, 2018 7 minutes ago, RichSheffWeds said: I would have thought £50m max sounds about right. If he has Directors loans into the business to fund losses that could be another £30-40m? Presume he’d want that cash back. I can never work this out...football is the only business where investment is classed as a loan Link to comment Share on other sites More sharing options...
RichSheffWeds Posted December 20, 2018 Share Posted December 20, 2018 2 minutes ago, Wednesday_Jack said: I can never work this out...football is the only business where investment is classed as a loan It is common practice for Company Directors to inject cash into a business as a Directors Loan which becomes repayable at some point in the future. Nothing to do with football exclusively. Link to comment Share on other sites More sharing options...
RUMBELOWS91 Posted December 20, 2018 Author Share Posted December 20, 2018 6 minutes ago, Wednesday_Jack said: I can never work this out...football is the only business where investment is classed as a loan It's not. Link to comment Share on other sites More sharing options...
quinnssweetshop Posted December 20, 2018 Share Posted December 20, 2018 He's delusional Give him what he paid for it. Anyone buying us now is taking on a huge risk, due the incumbents abject business failure. Link to comment Share on other sites More sharing options...
33 Posted December 20, 2018 Share Posted December 20, 2018 He would do well to get £18M Link to comment Share on other sites More sharing options...
Uknowit Posted December 20, 2018 Share Posted December 20, 2018 16 minutes ago, RUMBELOWS91 said: It's not. If its a its capitalized its not a loan the problem is when he takes profit out at anytime in the future is all taxable if it stays a loan he can get it back without tax. Problem is loans affect FFP as a club debt. Link to comment Share on other sites More sharing options...
Luke Posted December 20, 2018 Share Posted December 20, 2018 39 minutes ago, RUMBELOWS91 said: Did he say that?! no he didn't but give it a couple hours and he'll be abused on here and twitter about it by the usual suspects 2 Link to comment Share on other sites More sharing options...
RUMBELOWS91 Posted December 20, 2018 Author Share Posted December 20, 2018 2 minutes ago, Uknowit said: If its a its capitalized its not a loan the problem is when he takes profit out at anytime in the future is all taxable if it stays a loan he can get it back without tax. Problem is loans affect FFP as a club debt. How's this? I would have thought it's purely worked out on expenditure. What if the loans are used for academy spending? Link to comment Share on other sites More sharing options...
Uknowit Posted December 20, 2018 Share Posted December 20, 2018 8 minutes ago, RUMBELOWS91 said: How's this? I would have thought it's purely worked out on expenditure. What if the loans are used for academy spending? If he capitalized it he can use it where he wants, but as a loan its same as owing the bank its a club debt. 9 minutes ago, RUMBELOWS91 said: How's this? I would have thought it's purely worked out on expenditure. What if the loans are used for academy spending? Link to comment Share on other sites More sharing options...
WalthamOwl Posted December 20, 2018 Share Posted December 20, 2018 And that’s why him saying we are up for sale imo was all for show. No one will pay anywhere near what he wants and he knows that. Link to comment Share on other sites More sharing options...
steveger Posted December 20, 2018 Share Posted December 20, 2018 I reckon we go for a hard CHEXIT.......... is it just me or does that not sound right ? Link to comment Share on other sites More sharing options...
Mountain Owl Posted December 20, 2018 Share Posted December 20, 2018 We are operating at an ongoing significant loss. The wage bill alone has to be around £35million a season. The only way out of this is to sell assets or let someone else take over the significant losses. He would be lucky to get £20 million as it stands now. Link to comment Share on other sites More sharing options...
bigrbuk Posted December 20, 2018 Share Posted December 20, 2018 1 hour ago, RUMBELOWS91 said: Wasn't there last night, but I attempted to follow the goings on for a while on here. Did he really say he could make £100m profit on us? If so that means the asking price.must be at least £180m. That's not going to happen is it? I think we all felt he overpaid for the club in the first place. As we're back where we started in terms of league position, but probably with a squad worth maybe £20m more than it was + investment in the training ground and minor improvements to the stadium, should the asking price be more like £50m? (assuming we can stay up) Trying to find the source of this £100m too. A lot of talk of that being his valuation?! I'm guessing lots of chinese whispers and not speaking in his first language here. Link to comment Share on other sites More sharing options...
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