Guest Ash76 Posted January 2, 2019 Share Posted January 2, 2019 15 minutes ago, ZicoSterland2 said: These kind of debts are not sustainable Except he is sustaining them isn't he Link to comment Share on other sites More sharing options...
Plonk Posted January 2, 2019 Share Posted January 2, 2019 I’m quite sure DC will have spoken to the EFL before going ahead with this. As for building a new ground, which many on here have wanted. What if he sells Hillsboro to a third party, then spends his own money building a new stadium, and then moves the club there at a peppercorn rent? Anyone know how that would fit with ffp? Link to comment Share on other sites More sharing options...
dorian gray Posted January 2, 2019 Share Posted January 2, 2019 Just now, Sonny said: ‘Hillsborough has no value to us because we could always just play at Bramhall Lane’ hillsborough has no value because the land has no other use, and no one has the need of a (nigh on) 40,000 seater (elderly) stadium every week. 1 Link to comment Share on other sites More sharing options...
Gerinako Posted January 2, 2019 Share Posted January 2, 2019 1 minute ago, Ash76 said: Except he is sustaining them isn't he By selling an asset of the club? What are we selling next to sustain it? Link to comment Share on other sites More sharing options...
ZicoSterland2 Posted January 2, 2019 Share Posted January 2, 2019 1 minute ago, Ash76 said: Except he is sustaining them isn't he Not according to the rules of FFP. Link to comment Share on other sites More sharing options...
Guest Ash76 Posted January 2, 2019 Share Posted January 2, 2019 4 minutes ago, Gerinako said: How is it further developing SWFC if in 5 years time We end up with 0 physical assets on the books due to a sold stadium And a squad struggling to stay in the Championship Developing is adding sustainable value and growth potential to the club Not potentially splunking 30mil up the wall for nothing Ahh right, I'd forgot we'd spent the £30m already. Which has-beens did we buy? Link to comment Share on other sites More sharing options...
southportdc Posted January 2, 2019 Share Posted January 2, 2019 I find it difficult to believe that there's a loophole in FFP that means you can sell random assets at whatever price you fancy to a family member, then use it to offset all losses. But then, it is the Football League. 1 Link to comment Share on other sites More sharing options...
Sonny Posted January 2, 2019 Share Posted January 2, 2019 2 minutes ago, dnhc said: hillsborough has no value because the land has no other use, and no one has the need of a (nigh on) 40,000 seater (elderly) stadium every week. It has huge value to SWFC as the only viable location to fulfil home fixtures. Link to comment Share on other sites More sharing options...
Gerinako Posted January 2, 2019 Share Posted January 2, 2019 (edited) 2 minutes ago, Ash76 said: Ahh right, I'd forgot we'd spent the £30m already. Which has-beens did we buy? What have we spent in the last 3 years and what position do we find ourselves in now Edited January 2, 2019 by Gerinako Link to comment Share on other sites More sharing options...
Guest Ash76 Posted January 2, 2019 Share Posted January 2, 2019 1 minute ago, Gerinako said: By selling an asset of the club? What are we selling next to sustain it? But we're not selling the ground to sustain losses, if we sell it then it's to add further investment into the playing side. Very clever if you ask me and if in 10 years time we're an established PL side because of it you will agree Just now, ZicoSterland2 said: Not according to the rules of FFP. The rules don't dictate if an owner is capable of sustaining. The solution to all of this FFP or P&S is to permit losses of £2m per season, anything beyond that has to be written off by the owners Link to comment Share on other sites More sharing options...
dorian gray Posted January 2, 2019 Share Posted January 2, 2019 2 minutes ago, matthefish2002 said: Think its a generally held opinion by most people that Chansiri has been badly advised on player recruitment. What makes you feel so confident he has not been badly advised over the sale of the ground? (Assuming this is happening of course and not just a rumour) I think dc's knowledge of football as we all know wasn't a deep as it could have been. I have always been careful to say the next part thus 'I believe he may have received some less than beneficial advice' in relation to 'financial advice' the matter will be provided by a professional qualified body, who will have looked into the competition rules, and avoided them where necessary. 1 Link to comment Share on other sites More sharing options...
Guest Ash76 Posted January 2, 2019 Share Posted January 2, 2019 1 minute ago, Gerinako said: What have we spent in the last 3 years and what position do we find ourselves in now Always looking back Link to comment Share on other sites More sharing options...
Gerinako Posted January 2, 2019 Share Posted January 2, 2019 Just now, Ash76 said: Always looking back To learn for the future It’s a completely daft idea but obv you just want to see us spend money on players in the hope it works and we get to the prem Link to comment Share on other sites More sharing options...
ZicoSterland2 Posted January 2, 2019 Share Posted January 2, 2019 2 minutes ago, Gerinako said: What have we spent in the last 3 years and what position do we find ourselves in now 30million doesnt cover the debt created in the last 3 years. Link to comment Share on other sites More sharing options...
sherlyegg Posted January 2, 2019 Share Posted January 2, 2019 1 minute ago, southportdc said: I find it difficult to believe that there's a loophole in FFP that means you can sell random assets at whatever price you fancy to a family member, then use it to offset all losses. But then, it is the Football League. Assuming it is true, I would think Meire and lawyers are on the ball and would get through FFP or why would they sell? That bit is not the main concern. The actual selling bit is Link to comment Share on other sites More sharing options...
ZicoSterland2 Posted January 2, 2019 Share Posted January 2, 2019 3 minutes ago, Ash76 said: But we're not selling the ground to sustain losses, if we sell it then it's to add further investment into the playing side. Very clever if you ask me and if in 10 years time we're an established PL side because of it you will agree The rules don't dictate if an owner is capable of sustaining. The solution to all of this FFP or P&S is to permit losses of £2m per season, anything beyond that has to be written off by the owners The rules are there to stop clubs going to the wall. Not for owners to manipulate and accrue more debt. Link to comment Share on other sites More sharing options...
DIPPS_S.W.F.C Posted January 2, 2019 Share Posted January 2, 2019 All IF'S and BUT'S,seriously let the bloke get us too rhe Prem if he can or have a good go at it again,why you all moaning,you moan if he puts money in,you moan if he buys players and has a go,unbelievable some of our fans some right know all wingers tea ladies...Get a grip.....He said he would not leave us in a WORSE state thaen when he bought us..So let him get on with it WE ALL WANT THE SAME THING...Back him or shut the foo ooo k up.Best Chairmen we've had,all be it a bit green but he'll get us there....UTO FTFB 1 Link to comment Share on other sites More sharing options...
McRightSide Posted January 2, 2019 Share Posted January 2, 2019 Would this mean we weren’t liable for the huge running costs? Link to comment Share on other sites More sharing options...
dorian gray Posted January 2, 2019 Share Posted January 2, 2019 9 minutes ago, Ash76 said: Except he is sustaining them isn't he you're posting here largely with people who's understanding of finance is likely at best mortgage payments, car payments, and how much can we afford for a holiday this year? this bloke is likely to have spent more over the Christmas period than most on here did on their last car. Link to comment Share on other sites More sharing options...
Guest Grez Bez Posted January 2, 2019 Share Posted January 2, 2019 Changed badge Removed stripes Sold ground Dangerous... 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