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Just now, ChinaOwl said:

 

I try not to quote names but I don't think you are necessarily wrong, though they may have morphed into different entities whilst still remaining part of the beast.

Not sure they told him that he could circumvent FFP but more like sold him the dream that to win the league you spend big or go home. It would make sense to someone who knew little about football and running a club that if you buy players with a good track record of scoring goals etc the riches would follow. Unfortunately for some of those players, they were past glories 

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26 minutes ago, @owlstalk said:


 

Am I right in thinking that Chansiri now has a 60 Million pound debt for the ground to pay off?

 

14 minutes ago, akbuk said:

Yes but over time and he will effectively be paying himself, he may  have borrowed money for the purchase but that's his debt not the clubs. 

I think that's about right 

 

Essentially it's his debt, which is on separate company balance sheets. The issue crystalises when he comes to sell, if he wants to claw back his overall investment.

 

He may, at this point, choose to lease the ground to the new owner and reclaim this element over 20 years or so @ £3m/annum.

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1 minute ago, darra said:

Not sure they told him that he could circumvent FFP but more like sold him the dream that to win the league you spend big or go home. 

 

So what is the difference? Surely spending big in anybone's mind would translate to high transfer fees and wages. That in itself should be an obvious indicator that it cannot be done within a £13 million average loss per year financial forecast. I would hazard a guess that DC was told that there were no implications exceeding the limits hence the "We've got friends" statement.

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45 minutes ago, latemodelchild said:

He's a pig who pretended to be a Wednesday Fan when we were doing better than them during their 7 seasons in the 'pub league' as their legend called it. For some reason he's reared his head again. Weird if you ask me. 


I’ve never pretended to be a Wednesday fan.

Think it’s because I’m respectful and don’t hate Wednesday due to family ties and being too long in the tooth for hatred.
I’m always interested in football in Sheffield. The success or non success does have a knock on effect regards United.

Agree that SWFC haven’t done anything illegal, it’s all within the accounting rules....but the EFL are investigating their own rules.

I think giving SW a points deduction this season resulting in relegation would be so controversial and unprecedented that it’s highly unlikely. The longer the delay the more unlikely there will be a punishment effecting this season.

Edited by sheffsteel
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3 minutes ago, sheffsteel said:


I’ve never pretended to be a Wednesday fan.

Think it’s because I’m respectful and don’t hate Wednesday due to family ties and being too long in the tooth for hatred.
I’m always interested in football in Sheffield. The success or non success does have a knock on effect regards United.

Agree that SWFC haven’t done anything illegal, it’s all within the accounting rules....but the EFL are investigating their own rules.

I think giving SW a points deduction this season resulting in relegation would be so controversial and unprecedented that it’s highly unlikely.

 

Indeed - you take a considered position now, but earlier you post uncohoborated and wrong statements. What possible motivation would you have?

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6 minutes ago, Animis said:

 

Indeed - you take a considered position now, but earlier you post uncohoborated and wrong statements. What possible motivation would you have?

 

If that isn't a word, it bloody well ought to be.

 

That would really have the EFL scrambling.

Edited by dumboldowl
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49 minutes ago, ChinaOwl said:

 

I rather think that those 'advisors" told him that the ffp system was full of holes and easy to circumvent. Then the loopholes he expected to exploit namely inputting capital from shell companies were closed. I would also hazard a guess that those "advisors" were in the business of trading players and therefore had an incentive to provide erroneous advice.

A fool and his money are easily parted, as they say

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It's like being a dog in a vet's waiting room waiting to be put down.

 

Which reminds me, there were three dogs in a vet's waiting room and they get talking to each other in doggy language. One asks the other what it's in for. "To be put down" he said sadly. "I bit the owner's son but only because he kept annoying me".

 

"Me too" said another. "I'm being put down too. I keep crapping behind the couch, but only because they don't take me for walkies enough".

 

Third dog says "I've been bad too. My mistress does the cleaning in the nude and she was cleaning under the bed. Instinct cut in and I ended up mounting her and giving her one"

 

"That's a shame mate, so you're being put down too?"

 

"No mate" he says "she just sent me here to get my nails clipped".

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1 hour ago, ChinaOwl said:

 

So what is the difference? Surely spending big in anyone's mind would translate to high transfer fees and wages. That in itself should be an obvious indicator that it cannot be done within a £13 million average loss per year financial forecast. I would hazard a guess that DC was told that there were no implications exceeding the limits hence the "We've got friends" statement.

But if they told him that by spending big he could do it easily in the first year? A bit like an average golfer buying a £400 driver and thinking he's going become a scratch golfer within months.

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6 minutes ago, darra said:

But if they told him that by spending big he could do it easily in the first year? A bit like an average golfer buying a £400 driver and thinking he's going become a scratch golfer within months.

 

Then that makes DC dumber still because nobody goes into football investment expecting a guaranteed return and, if they do, they are not very bright.

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2 hours ago, akbuk said:

Yes but over time and he will effectively be paying himself, he may  have borrowed money for the purchase but that's his debt not the clubs. 

I think that's about right 

 


But he still HAS to pay it off tho right?


 


Owlstalk Shop

 

 

 

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2 hours ago, @owlstalk said:


 

Am I right in thinking that Chansiri now has a 60 Million pound debt for the ground to pay off?

 

He has written himself an IOU 

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