Sheff74 Posted August 3, 2020 Share Posted August 3, 2020 45 minutes ago, bladeshater said: He's a multi millionaire tool how do you compare Owed predominantly to the efforts of his Dad and older brother I remain thoroughly unconvinced by him personally as either a businessman, or a remotely competent administrator. As for me, doing just fine thanks, not Golden Elephants fine of course, but getting comfortably by. 1 Link to comment Share on other sites More sharing options...
bladeshater Posted August 3, 2020 Share Posted August 3, 2020 16 minutes ago, Sheff74 said: Owed predominantly to the efforts of his Dad and older brother I remain thoroughly unconvinced by him personally as either a businessman, or a remotely competent administrator. As for me, doing just fine thanks, not Golden Elephants fine of course, but getting comfortably by. He owns and runs his own businesses as well as the tuf 1 Link to comment Share on other sites More sharing options...
teddybeararmy Posted August 3, 2020 Share Posted August 3, 2020 5 minutes ago, bladeshater said: He owns and runs his own businesses as well as the tuf He doesn't run tuf in anyway 3 Link to comment Share on other sites More sharing options...
@owlstalk Posted August 3, 2020 Author Share Posted August 3, 2020 5 minutes ago, bladeshater said: He owns and runs his own businesses as well as the tuf Nope 2 Owlstalk Shop Link to comment Share on other sites More sharing options...
kobayashi Posted August 3, 2020 Share Posted August 3, 2020 6 minutes ago, bladeshater said: He owns and runs his own businesses as well as the tuf What we know is that his wife owns a football club (that he runs into the ground on her behalf) and that he has no role at TUF. 2 Link to comment Share on other sites More sharing options...
RichieB Posted August 3, 2020 Share Posted August 3, 2020 13 minutes ago, bladeshater said: He owns and runs his own businesses as well as the tuf He doesn't own tuf, he doesn't run tuf, and it's actually not even tuf, it's TUG (Thai Union Group) But apart from that you're spot on. 4 Link to comment Share on other sites More sharing options...
Sheff74 Posted August 3, 2020 Share Posted August 3, 2020 14 minutes ago, bladeshater said: He owns and runs his own businesses as well as the tuf Elev8 and D-Taxis we know of...cough... Which others does he own? Link to comment Share on other sites More sharing options...
matthefish2002 Posted August 3, 2020 Share Posted August 3, 2020 15 hours ago, daveyboy66 said: We wouldn't have to sell the ground if the EFL made the FFP limit for each season the same as the failure payment for the relegated clubs eg : £45M for next season. That way each club could decide what they would be prepared to spend according to their ambitions Why have other clubs like Forest, Sheffield United, Preston, Brentford not to sell their ground and don have parachute payments? Link to comment Share on other sites More sharing options...
bigdan2003 Posted August 3, 2020 Share Posted August 3, 2020 I'm growing ever more confused by this stuff. I thought we were being charged for the stadium appeared in the accounts. But based on what Kieren Maguire has tweeted, it seems we've been cleared of the "bad faith" charge? And we're getting done for the breach of FFP. But I thought the stadium sale was to prevent the breach? Link to comment Share on other sites More sharing options...
SiJ Posted August 3, 2020 Share Posted August 3, 2020 Yes, but TUF? Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted August 3, 2020 Share Posted August 3, 2020 (edited) 10 minutes ago, bigdan2003 said: I'm growing ever more confused by this stuff. I thought we were being charged for the stadium appeared in the accounts. But based on what Kieren Maguire has tweeted, it seems we've been cleared of the "bad faith" charge? And we're getting done for the breach of FFP. But I thought the stadium sale was to prevent the breach? Bad faith charge based on us supposedly not providing all the details around the sale when it was agreed. Not surprised your confused as the verdicts don't stack up on face of it. Basically says whilst we provided full information at all stages when agreeing sale with EFL, that sale shouldn't have been included in 2017/2018 p&s submission so we breached FFP. Unanswered questions are: Are we allowed to include same profit in 2018/2019 submission? Why did EFL agree sale & timing and then backtrack if had all this information all along? What evedence did we have to include sale in 2018 accounts that auditors vere satisfied met accounts criteria to include but commission / EFL thought they could override this view and deviate from the audited accounts? Why were bad faith charges innocent and individual charges dropped? But yet EFL can go back on their sign off? Edited August 3, 2020 by wellbeaten-the-owl 1 Link to comment Share on other sites More sharing options...
Sova Posted August 3, 2020 Share Posted August 3, 2020 13 minutes ago, matthefish2002 said: Why have other clubs like Forest, Sheffield United, Preston, Brentford not to sell their ground and don have parachute payments? Forest wrote off £40m of loan debt when they were taken over in the 2016/17 financial year, allowing them to post a "profit" of £32m, despite operating losses of almost £22m. They've also had multiple (I think) transfer embargoes. 1 Link to comment Share on other sites More sharing options...
FreshOwl Posted August 3, 2020 Share Posted August 3, 2020 Putting a positive spin on this, it could galvanise the club and players like never before Link to comment Share on other sites More sharing options...
Weshallovercome Posted August 3, 2020 Share Posted August 3, 2020 19 minutes ago, SiJ said: Yes, but TUF? Thai Union Frozen Products is a subsidiary of Thai Union Group and the company being advertised when DC took over. Thai Union Group is actually just TU.......not daft the Thai's. Hope that clears this up. 1 Link to comment Share on other sites More sharing options...
bolton9owl Posted August 3, 2020 Share Posted August 3, 2020 1 hour ago, Sheff74 said: Owed predominantly to the efforts of his Dad and older brother I remain thoroughly unconvinced by him personally as either a businessman, or a remotely competent administrator. As for me, doing just fine thanks, not Golden Elephants fine of course, but getting comfortably by. Sheff 74 - I’ve said that repeatedly, it’s his Dad,Uncles and his close relations that are directly behind TUF and I have seen no evidence that DC was a successful businessman prior to buying SWFC When he was filmed taking over the reigns from Manderic the backdrop was ‘TUF’ That suggested that The TUF business were supporting DC as a major sponsor or as some have claimed in the past that they have been guarantors to the funding. If that was the case and we will probably never know then at what point does the board of TUF or his family say enough is enough, we can’t continue to loose millions with little prospect of a return. i know it’s been said that he could put SWFC into administration and that would be the end of the club but thousands of successful businesses have risen out of the ashes left after administration and gone on to be very, very successful. i don’t believe it would ever get to that but I’m not fully convinced that DC or his direct family will continue to see great chunks of wealth be flittered away in the hope that one day SWFC will be good enough to win promotion to the Premiership which would finally give DC a return on his massive investment. 1 Link to comment Share on other sites More sharing options...
The only way is S6 Posted August 3, 2020 Share Posted August 3, 2020 15 minutes ago, Weshallovercome said: Thai Union Group is actually just TU.......not daft the Thai's. I can only imagine the numbers of heads that this has flown over............... 2 Link to comment Share on other sites More sharing options...
Spookone Posted August 3, 2020 Share Posted August 3, 2020 (edited) On 31/07/2020 at 19:25, Maddogbob said: And? Tough, we broke the rules, we should have been punished this season. Anyone paying money into that circle jerk of a season next year, jeez laughable stupid loyalty. And? HaHa I wasn't suggesting we haven't broke the rules or when we should be punished, simply pointing out that the fans who are saying that given the choice they would rather take a drop into L1 next season are super bonkers as that league may not even work under the current circumstances. Edited August 3, 2020 by Spookone 2 Link to comment Share on other sites More sharing options...
Athelwulf Posted August 3, 2020 Share Posted August 3, 2020 Chansiri went for it. If it goes right then he's a hero, if not he's a villain. And, but for Hooper's injury, there's every chance it would have worked. We'd no youth policy (not his fault), so he had to buy in. And we were the ones wanting exciting, attacking football after Gray's stodge, so he bought accordingly. The big offers we had for our players were at a time when we were in for promotion, and the only clubs who could afford them were our rivals. So we sell FF to a rival and he scores the winning goal in a semi or a final (which he would have done). "Typical Wednesday, we're finally in with a chance of promotion and Chansiri sells to a rival!", would have been the cry. Ditto the stadium business, in that we were in with a shout at that time. Managerially he finally gets it right with fatso, who duly stabs him in the back. Unless you're outrageously lucky enough to get a Wilder, or have the history to get a Bielsa, then you have to gamble. At least Chansiri had a go, and it's not his fault that this club is blighted. 3 Link to comment Share on other sites More sharing options...
Nut Posted August 3, 2020 Share Posted August 3, 2020 28 minutes ago, bolton9owl said: Sheff 74 - I’ve said that repeatedly, it’s his Dad,Uncles and his close relations that are directly behind TUF and I have seen no evidence that DC was a successful businessman prior to buying SWFC When he was filmed taking over the reigns from Manderic the backdrop was ‘TUF’ That suggested that The TUF business were supporting DC as a major sponsor or as some have claimed in the past that they have been guarantors to the funding. If that was the case and we will probably never know then at what point does the board of TUF or his family say enough is enough, we can’t continue to loose millions with little prospect of a return. i know it’s been said that he could put SWFC into administration and that would be the end of the club but thousands of successful businesses have risen out of the ashes left after administration and gone on to be very, very successful. i don’t believe it would ever get to that but I’m not fully convinced that DC or his direct family will continue to see great chunks of wealth be flittered away in the hope that one day SWFC will be good enough to win promotion to the Premiership which would finally give DC a return on his massive investment. The problem is, he's blown that much that he'd only get a return in the prem if he did a Norwich and spent nothing and we came back down. Link to comment Share on other sites More sharing options...
kobayashi Posted August 3, 2020 Share Posted August 3, 2020 43 minutes ago, Sheff74 said: Elev8 and D-Taxis we know of...cough... Which others does he own? From the TU accounts to December 2019, we know that owned 25.4% of Chansiri Real Estate Co along with his two brothers. The company leased office space to Thai Union for a total GBP equivalent rental of £1.72m in 2019, and it also lists that he owns 15.0% of Thai Union Hi-tech Peral Cultivation Co. which in 2019, sold fish food to TU to the equivalent of £0.63m. The Chansiri family has a 19.35% shareholding of TU which at todays prices and exchange rate is valued at just over £300m. Of the total, his father (Co. Chairman) and brother (Co. President) are disclosed as owning 15.5%, which leaves 3.85% or approx. £60m of shares held by other families members. Presumably DC and his other (3rd) brother share part if not all of this. He and his other non TU director brothers have acquired/been given equal shares of the property and fish food company, if so his holding could be worth £30m. Interestingly, the Chansiri family shareholding % has been reducing over recent years but his brother (Co. President) has been buying shares and his fathers holding hasn't changed, which means that one of the other family members has been selling shares. So all tidy sums but not on the face of it not even close to be sufficient to fund his SWFC caper. 1 2 Link to comment Share on other sites More sharing options...
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