Guest mkowl Posted December 21, 2018 Share Posted December 21, 2018 1 hour ago, Lee Strafford said: I don't think new owners willing to invest in equity and also with the actual means to demonstrate revenues associated with the SWFC brand, or revenues from companies they plan to be owned by SWFC will have a problem. I understand that our current owner has invested via debt, caused questions about the source of funds and therefore ultimate ownership, and has undermined his own credibility in respect of revenue streams by trying to get the league to sign off on drinks which the club did not own and which were not shipping in large volumes, and a taxi company that does not exist presumably becuase he mishalndled the deal with Arnie Singh and never realised that this transaction was all compounded by his mis-handling of the executive boxes. Done a bit of both equity and loans historically, though not the former for a year or two Interesting one though about source of funds, certainly getting a few banks asking for much more "proof" of how the owners got the money to then put into companies. I know you had concerns about the previous owner and the transparency (or lack thereof) once you plonk a Delaware LLC in the chain. Link to comment Share on other sites More sharing options...
fatzooma Posted December 21, 2018 Share Posted December 21, 2018 1 hour ago, wattagit said: So can someone tell me if I'm wrong here but if CC sells the club even if the new owners were to have Man City type finances due FFP or whatever its now called we still can't spend F*** All CC????? WTF Link to comment Share on other sites More sharing options...
Blue and white Posted December 21, 2018 Share Posted December 21, 2018 1 hour ago, Lee Strafford said: I don't think new owners willing to invest in equity and also with the actual means to demonstrate revenues associated with the SWFC brand, or revenues from companies they plan to be owned by SWFC will have a problem. I understand that our current owner has invested via debt, caused questions about the source of funds and therefore ultimate ownership, and has undermined his own credibility in respect of revenue streams by trying to get the league to sign off on drinks which the club did not own and which were not shipping in large volumes, and a taxi company that does not exist presumably becuase he mishalndled the deal with Arnie Singh and never realised that this transaction was all compounded by his mis-handling of the executive boxes. And some believe he is doing a good job and don't want him gone. Link to comment Share on other sites More sharing options...
debram Posted December 21, 2018 Share Posted December 21, 2018 1 hour ago, Rogers said: FFP is a spend Vs revenue issue How much a chairman has in the bank doesn’t translate to how much the club turnover from commercial activities, etc. I don’t think buying a couple of new players is our issue, it’s picking the best players we have and making them comfortable with the tactics So jos must go. Link to comment Share on other sites More sharing options...
Roy Of The Roasters Posted December 21, 2018 Share Posted December 21, 2018 1 hour ago, Rogers said: I don’t think buying a couple of new players is our issue, it’s picking the best players we have and making them comfortable with the tactics This seems to come from the school of thought that everything is basically OK and that all we need is a half decent manager to fix our problems. Sorry, but the problems run a bit deeper than that. Some of our "best" players are ageing, injury prone and not particularly committed. Also, with our FFP issues we might need to be selling some of them, or just getting rid of them somehow to get them off the wage bill. And (IMO) some of the younger players who might need to step up aren't being well coached. We need a big rebuilding exercise from the bottom up. On and off the field. The problem with Chansiri isn't his wealth - he's got plenty of that. It's his inexperience and poor decision making. As we're finding out, throwing money at a football club isn't a quick fix. A new owner might not offer any more than Chansiri in financial terms, but might be smarter at running a football club and make the right decisions with regard to the business side of the club, the players contracts, the coaching set up and manager recruitment. Link to comment Share on other sites More sharing options...
FinnishOwl Posted December 21, 2018 Share Posted December 21, 2018 (edited) I think it's time the club realizes that we are not one of the big boys anymore. Those days are quite long gone and the plans must reflect that there is a serious rebuilding needed if we ever want to get there - all in a realistic way. There is no quick and easy way out if you consider that the stadium and the facilities themselves are a problem as I've understood. Investing in the academy was one step to the right direction, we must continue those. Edited December 21, 2018 by FinnishOwl Link to comment Share on other sites More sharing options...
steelowl Posted December 21, 2018 Share Posted December 21, 2018 42 minutes ago, emersonthome said: His family own John West tuna, he's loaded. Which makes me wonder about the suggestion that he needs to borrow a tenner off paxo hope that's a windup mate because that level of info moved on 3 years ago trouble is there are some that think we just have to eat more tuna and the sun will come out finances wise john west is a very small brand of theirs btw 29 minutes ago, mkowl said: Done a bit of both equity and loans historically, though not the former for a year or two Interesting one though about source of funds, certainly getting a few banks asking for much more "proof" of how the owners got the money to then put into companies. I know you had concerns about the previous owner and the transparency (or lack thereof) once you plonk a Delaware LLC in the chain. AS IF we'd ever have an owner that would have such a connection Link to comment Share on other sites More sharing options...
Animis Posted December 21, 2018 Share Posted December 21, 2018 He reckons he has other business, and,... "Every business I think about profit but this I don't." So,... "Maybe another owner has more money than me. If I sold the club I'd make £100 million more - maybe more." But then reckons: "I know every club in the Championship, or lower, if you spend money and stay in the same league then you will break FFP anyway, & Even if we went up to the Premier League I still lose (money)." He's advertising the club, in a rather haphazard way. Link to comment Share on other sites More sharing options...
Philb125 Posted December 21, 2018 Share Posted December 21, 2018 34 minutes ago, FinnishOwl said: I think it's time the club realizes that we are not one of the big boys anymore. Those days are quite long gone and the plans must reflect that there is a serious rebuilding needed if we ever want to get there - all in a realistic way. There is no quick and easy way out if you consider that the stadium and the facilities themselves are a problem as I've understood. Investing in the academy was one step to the right direction, we must continue those. If we put the football results and league standing to one side there are positive actions / learnings apparently being made: - Academy investment and use of developed players - New policy on buying players of certain age that have potential resale value - Youth / Talented ‘players’ (not non players or part time players) committing to contracts despite the mess in background January should see more of new approaches IMO, I’m fully expecting to see us sell players that are considered first team regulars and replace with cut price options (either on loan or bargain basement alternatives such as lad from Chelsea we missed in June or lad were linked with from tramere). Also expect some of the frozen out players to be shifted too. It may get worse before it gets better, but I prefer the sustainable sensible approach over the short term fix we tried. Link to comment Share on other sites More sharing options...
TrueOwl Posted December 21, 2018 Share Posted December 21, 2018 If Sheffield Wednesday plc started buying businesses surely those assets / external revenue sources would be listed and included on the balance sheet and p/l statements? Knowing Wednesday I bet we’d somehow find a way to lose money on Casinos and Sports betting companies as the one’s we’d associate ourselves with would be dodgy as fizz. Link to comment Share on other sites More sharing options...
sonofbert2 Posted December 21, 2018 Share Posted December 21, 2018 1 hour ago, Blue and white said: And some believe he is doing a good job and don't want him gone. And some spout off constantly believing any old crap that suits. 1 Link to comment Share on other sites More sharing options...
Philb125 Posted December 21, 2018 Share Posted December 21, 2018 2 minutes ago, TrueOwl said: If Sheffield Wednesday plc started buying businesses surely those assets / external revenue sources would be listed and included on the balance sheet and p/l statements? Knowing Wednesday I bet we’d somehow find a way to lose money on Casinos and Sports betting companies as the one’s we’d associate ourselves with would be dodgy as fizz. I believe, and stand to be corrected that not all profits are considered on P&S just as not all losses are either. For example; youth/academy expenditure I believe isn’t counted against you. You can’t just add in non SWFC revenues from other businesses. Link to comment Share on other sites More sharing options...
shezzas left peg Posted December 21, 2018 Share Posted December 21, 2018 2 hours ago, Lee Strafford said: That is exactly what Man City have done. Man City is the parent company to all of the sporting assets. There's different rules for premier league clubs bud. They get away with a lot more, remember as far as the F. A is concerned they're the only ones and division that matters. Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted December 21, 2018 Share Posted December 21, 2018 1 hour ago, Animis said: He reckons he has other business, and,... "Every business I think about profit but this I don't." So,... "Maybe another owner has more money than me. If I sold the club I'd make £100 million more - maybe more." But then reckons: "I know every club in the Championship, or lower, if you spend money and stay in the same league then you will break FFP anyway, & Even if we went up to the Premier League I still lose (money)." He's advertising the club, in a rather haphazard way. Don't expect coherence from the bloke - its beyond him Link to comment Share on other sites More sharing options...
MysticOwl Posted December 21, 2018 Share Posted December 21, 2018 Why would any new buyer buy a football club if they were not allowed to spend money? I suspect that once debts are wiped when a new takeover happens the balance sheets return to 0. Then you start the 39m debt maximum countdown over again. Link to comment Share on other sites More sharing options...
Dick_Turpin Posted December 21, 2018 Share Posted December 21, 2018 45 minutes ago, sonofbert2 said: And some spout off constantly believing any old crap that suits. We're in a relegation battle, we are playing terrible losing football, we have sky high ticket and membership prices, the atmosphere at Hillsborough on match days is terrible, season ticket holders are not bothering to turn up, we haven't even got any wee wee never mind a receptacle to dispose of it in, we've got quite a few players on many thousands of pounds a week not being used. Any of that "any old crap"? Link to comment Share on other sites More sharing options...
HarrowbyOwl Posted December 21, 2018 Share Posted December 21, 2018 15 minutes ago, MysticOwl said: Why would any new buyer buy a football club if they were not allowed to spend money? I suspect that once debts are wiped when a new takeover happens the balance sheets return to 0. Then you start the 39m debt maximum countdown over again. Is the wrong answer - go and read the regulations Link to comment Share on other sites More sharing options...
StudentOwl Posted December 21, 2018 Share Posted December 21, 2018 15 minutes ago, MysticOwl said: Why would any new buyer buy a football club if they were not allowed to spend money? I suspect that once debts are wiped when a new takeover happens the balance sheets return to 0. Then you start the 39m debt maximum countdown over again. In the most polite way possible... you suspect wrong. The balance sheet most certainly does not return to 0 just because a new owner or set of investors joins. Link to comment Share on other sites More sharing options...
Sonny Posted December 21, 2018 Share Posted December 21, 2018 5 minutes ago, MysticOwl said: Why would any new buyer buy a football club if they were not allowed to spend money? I suspect that once debts are wiped when a new takeover happens the balance sheets return to 0. Then you start the 39m debt maximum countdown over again. They probably wouldn’t. That’s the problem. Just because it’s a problem doesn’t mean it’s not true. Link to comment Share on other sites More sharing options...
Ian Posted December 21, 2018 Share Posted December 21, 2018 2 hours ago, londonowl said: Nope it's always been the same. Maybe you misunderstood your very important friend. City Football Group is the parent company and always has been. Man City are a subsidiary and always have been. City football group have revenues of over £4bn. If they were allowed to get all this through the FFP door, I'm noy sure they would be scratching around paying players image rights through shady companies. You have to be careful because when you write things as fact in bold letters, some people take it as such and use it as a stick to beat the chairman..."the only reason we are in trouble is because the chairman is putting money in as a loan instead of equity, that Lee Strafford told me and he knows the people who run Man City so it must be true". Why do you have to start talking like an arsehole to someone who is trying to help folk understand.....whether what he has put or not is correct there's no need to take the tone you have....especially as I'd hazard a guess that your information isn't 100% spot on Link to comment Share on other sites More sharing options...
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