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This is good news, most Prem clubs grounds are owned by other companies (or another of the owners) or councils. Positive and to be welcomed IMHO.

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38 minutes ago, room0035 said:

The club is being run and losing £10-20m a year, we are breaching financial rules because the man in charge cannot run a bath without advisors let alone a football club.

 

Now instead of finding alternative income be that selling players, advertising income, sponsorship NO none of this instead he is possible going to make the club homeless to cover up for another season or two that he does not have a clue what he is doing.

 

We need to take a long hard look at the likes of Coventry, Portsmouth, Bolton and other where stupid plan to cover up the fundamental issues being DC does not know how to run a football club without the fans paying for it - selling the ground to a third party can only end badly.

 

Can anyone remember last December when the fans question the fact he didn't have a clue what he was doing, he threw his toys out of the pram and was selling the club.

 

What happens next time the fans question his running of the club - he locks them out of the ground or worse sell the ground from under us. 

 

 

Profit and Sustainability (means the ability to be maintained at a certain rate or level).. Tell me what is sustainable about making yourself homeless so you can spend on the credit cards for a few more season. I pray the EFL clamp down on this straight away

 

The thing is through, even without Chansiri here, we would still be being run at a loss. the only difference is that is because we have better playing assets we are making a bigger loss. Football clubs as a general rule do not make money. Those that do often don't compete and end up struggling to stay in the division.

As has already been stated in fans forums by the Chairman himself, he is paying the most he can pay in for sponsorship, which he has repeatedly stated is more than anyone else was offering. Its easy to say you want Nike to sponsor our shirts, but if Nike wont pay what Chansiri can pay in himself what do we do? do we take the lower amount and lose money just because its not the chairman? doesn't make sense.

No doubt Chansiri has made mistakes, but hes not making us homeless and hes not going to suddenly drive us into the ground. that's financial suicide for him.

People being overly dramatic because its easier to beat the club with a stick than to even for a second think that a multi millionaire businessman might actually have an idea how to generate some money for the football club he fully owns.  

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Didn't Coventry sell their ground WTF:

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1 hour ago, Minton said:

 

Well if you're selling a business, you generally sell on assets linked to it as well. Sell the ground to a new owner for a lump sum and the new owner then lease the ground to the club for rent. 

 

Even if he didn't sell the ground, we would still pay rent. Makes no difference to us who we are paying said rent to really

Exactly. At least this way we won't have to pay the running costs and the rent will be minimal and we start to make a profit or at least a less of a loss. 

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8 minutes ago, sweetsheri said:

So, basically for P&S/FFP purposes it's futile?

No the line 

 

Cr Profit on sale 

 

is totally relevant

 

If you look at the Derby accounts - it generated a profit of £40m and created a profit of £14m as opposed to a loss of £26m

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4 minutes ago, jp1981 said:

Exactly. At least this way we won't have to pay the running costs and the rent will be minimal and we start to make a profit or at least a less of a loss. 

EFL will argue the rent should be market value - no idea what that would be but say £2m 

 

Again a professional valuation will be required 

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We should just contact the Bin Ladens and ask for a loan.

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1 minute ago, OwlinOldham said:

 

The thing is through, even without Chansiri here, we would still be being run at a loss. the only difference is that is because we have better playing assets we are making a bigger loss. Football clubs as a general rule do not make money. Those that do often don't compete and end up struggling to stay in the division.

As has already been stated in fans forums by the Chairman himself, he is paying the most he can pay in for sponsorship, which he has repeatedly stated is more than anyone else was offering. Its easy to say you want Nike to sponsor our shirts, but if Nike wont pay what Chansiri can pay in himself what do we do? do we take the lower amount and lose money just because its not the chairman? doesn't make sense.

No doubt Chansiri has made mistakes, but hes not making us homeless and hes not going to suddenly drive us into the ground. that's financial suicide for him.

People being overly dramatic because its easier to beat the club with a stick than to even for a second think that a multi millionaire businessman might actually have an idea how to generate some money for the football club he fully owns.  

I understand what you are saying but comparing like with like.

 

The season 2 years ago when the teams in the championship got promoted there was an article about how much each got for their shirt sponsorship the lowest Huddersfield received £1.5m a season, our chairman in comparison pays into the club the same season £1.2m.

 

But he has his name on most of the advertising boards, the seats, the shirts and the side of the football ground. Huddersfield get £1.5m for the shirts we get £1.2m for the shirts, the stadium, the stadium seats and the stadium advertising hording. So simple is DC putting in the most he can or is he putting in the most he wants to.

 

Within the filed accounts from May 2017 on page 29' Income of £1,200,000 was received from D Chansiri the owner and director of the company, in respect of a sponsorship agreement relating to the club shirt and certain areas of the stadium'

 

In comparison Stoke city where paid £9.6m this season from Bet365 a company owned by the wife of the guy who run Stoke City for the sponsorship of the ground and the shirts. Yes a deal signed when they were in the premier league but give you an idea of what we could be getting was the chairman to up his sponsorship we could easily argue in the 4th most popular league in the world the going rate for sponsoring of shirts and stadium should be nearer the £5m mark..

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2 minutes ago, mkowl said:

EFL will argue the rent should be market value - no idea what that would be but say £2m 

 

Again a professional valuation will be required 

Yeah but that could still be below what it is costing us at the minute. Wasn't it only a few seasons ago it was costing us upwards of 5million in running costs? 

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3 minutes ago, mkowl said:

EFL will argue the rent should be market value - no idea what that would be but say £2m 

 

Again a professional valuation will be required 

 

Very much up in the air as rents vary wildly.

 

Swansea pay peppercorn rent for example (Usually a token £1), Bournemouth pay £300,000, West ham supposedly pay £2.5m.

 

I would go lower middle ground for safety and say £750,000p/a wouldn't be out of the question

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No wonder DC values FF at 14 million. Wonder what he values the ground at. Proper Mickey Mouse way to run a business. 

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Really can’t see the comparison with Coventry. Don’t think they ever owned the ground did they? Stop fretting it’s a paper excercise to get round ffp that’s all. Those clubs winging about it are probably ones that don’t own their grounds or have already done this. We’re on our way back!

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Ironic that the clubs feel the need to do this just to spend what they would have without rules 

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1 minute ago, Plonk said:

Really can’t see the comparison with Coventry. Don’t think they ever owned the ground did they? Stop fretting it’s a paper excercise to get round ffp that’s all. Those clubs winging about it are probably ones that don’t own their grounds or have already done this. We’re on our way back!

 

Ricoh owned by the council 

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It was this or go cap in hand to Bin Laden family. lol

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15 minutes ago, mkowl said:

EFL will argue the rent should be market value - no idea what that would be but say £2m 

 

Again a professional valuation will be required 

 

What like West Ham? 1m per year rent 

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3 hours ago, Themagiccap said:

Derby sold their ground to their owner and now rent it back to his own club!

a wide open loophole in the rules, brilliantly exploited by DC. If we’re in a P&S Mess at say £45M I’d take a stab in the dark that The old girl is valued at about £45,000,001. 

Get spending Mr Bruce 

We might as well get in front a bit say...... 70 million

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31 minutes ago, mkowl said:

It does 

 

The EFL will dis-regard any enhanced figures on this as they can for sponsorship

 

And none of this will generate cash to spend next season

 

It will be a book entry

 

Cr Fixed Assets - carrying value in accounts 

Cr Profit on sale - the relevant figure for FFP 

 

Dr DC loan account - market value

 

As I suspected, and I think we discussed this a while ago?

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