Popular Post 0114 4,486 Posted November 5, 2020 Popular Post Share Posted November 5, 2020 Is he saying we cost him a £10m + deal? Under no circumstances did a deal go down the toilet because a few fans on Twitter moaned about the club. 9 4 Link to post Share on other sites
swfcGibbo 1,035 Posted November 5, 2020 Share Posted November 5, 2020 1 minute ago, mkowl said: Tbf Nigel I think its slightly different. the debt was a company liability- perfectly normal in a share purchase agreement to keep it Interest has been funded The lenders got spooked To appease he offered security Yep exactly. Also having a lot of cash doesn't mean you necessarily use it. Leveraging debt is perfectly normal in the business world and can make sense. It just feels a bit spooky as it's tied to the stadium and there's been instances in the past of Football clubs losing the stadium. 1 1 1 Link to post Share on other sites
bigdan2003 8,198 Posted November 5, 2020 Share Posted November 5, 2020 Just now, mcmigo said: This just in from Dave Allen: 'Debts need to be repaid.' ENDS. *thumps desk* 1 Link to post Share on other sites
mkowl 17,435 Posted November 5, 2020 Share Posted November 5, 2020 1 minute ago, mogbad said: Thanks for the response. Wouldn’t the historic debt show in the accounts each year? Yes - but might just be in other creditors. If its not secured then no reason to disclose. I know historically the loans that MM took out were not referenced in the accounts as I thought they should be But its not unusual. If you buy the shares in a company you take it on warts n all 1 2 Link to post Share on other sites
Therealrealist 3,147 Posted November 5, 2020 Share Posted November 5, 2020 8 minutes ago, @owlstalk said: On the fans Minority of the fans try to damage the club. I do this to help the club so they don’t have the trouble of FFP. Everything I try to do is the best for my club. What are the minority of fans doing beside moaning or being negative? The majority of the fans are amazing. It’s just a minority. If you don’t like me, that’s fine. Just don’t damage the club. I had a very big sponsor. It would have been very big for this club. It was almost finished. It was an eight to nine figure. The principle was agreed but that team went and found information on social media. I told them it was minor but at the end they refused me. It made me very upset. I am not blaming the fans but it’s the facts. I talked with a big one and they agreed with me in principle. Here we go... 2 2 Link to post Share on other sites
billyblack 2,973 Posted November 5, 2020 Share Posted November 5, 2020 what is the actual financial condition of the club? when will the accounts be submitted now we have won the appeal? Why do we still have Westwood at the club? Are we under an FPP embargo still? Link to post Share on other sites
@owlstalk 44,408 Posted November 5, 2020 Author Share Posted November 5, 2020 "The stadium has belonged to the owner of the club for 100 years or more. It still belongs to me. Why are you scared?" 2 1 2 Owlstalk Shop Link to post Share on other sites
S25OWL 344 Posted November 5, 2020 Share Posted November 5, 2020 1 minute ago, StudentOwl said: So it IS our fault... hmmmmm... Only if your in the minority and not the majority 2 Link to post Share on other sites
McRightSide 11,262 Posted November 5, 2020 Share Posted November 5, 2020 2 minutes ago, Grandad said: Yes The only significant portion was the 2.5m loan note repayment to Dave Allen. When MM bought the club it was restructured to with an immediate 0.75m payment to DA as part of the sale of shares, and a further 0.75m repayable upon promotion to the Premier League As far a I'm aware that agreement still exists, but as above its only 750k now. 2 1 Link to post Share on other sites
Mister Soul 574 Posted November 5, 2020 Share Posted November 5, 2020 1 minute ago, 0114 said: Is he saying we cost him a £10m + deal? Under no circumstances did a deal go down the toilet because a few fans on Twitter moaned about the club. It is very possible 1 Link to post Share on other sites
@owlstalk 44,408 Posted November 5, 2020 Author Share Posted November 5, 2020 What lessons have you learned? I have learnt every day since I have been here. I have been here almost six years. I know more enough to talk with the ones who say they are experts and have been in football for 15 to 20 years. 1 6 Owlstalk Shop Link to post Share on other sites
0114 4,486 Posted November 5, 2020 Share Posted November 5, 2020 Just now, Mister Soul said: It is very possible No. It absolutely isn’t. 3 1 1 Link to post Share on other sites
jp1981 521 Posted November 5, 2020 Share Posted November 5, 2020 1 minute ago, 0114 said: Is he saying we cost him a £10m + deal? Under no circumstances did a deal go down the toilet because a few fans on Twitter moaned about the club. It would do if it was confidential and someone leaked it. 2 Link to post Share on other sites
Sham67 5,268 Posted November 5, 2020 Share Posted November 5, 2020 3 minutes ago, ANDY said: do we still owe Dave Allen a wedge. Repayable in full on promotion to prem Seem to remember he was due on promotion or 2020, whichever came first. Is my memory correct? 1 Link to post Share on other sites
@owlstalk 44,408 Posted November 5, 2020 Author Share Posted November 5, 2020 2 minutes ago, 0114 said: Is he saying we cost him a £10m + deal? Under no circumstances did a deal go down the toilet because a few fans on Twitter moaned about the club. If that IS the case it's a direct result of how he's run the club and what's happened as a result 3 1 1 Owlstalk Shop Link to post Share on other sites
full fathom five 5,063 Posted November 5, 2020 Share Posted November 5, 2020 4 minutes ago, Frazzlebeak said: and there we have it Bingo 2 Link to post Share on other sites
StudentOwl 17,508 Posted November 5, 2020 Share Posted November 5, 2020 Sorry, can we be absolutely crystal clear here: According to Dejphon Chansiri, negative Wednesday fans on the internet cost the club anywhere between £10,000,000 and £999,999,999 in revenue via sponsorship. Have I got that right? 2 1 5 Link to post Share on other sites
gurujuan 13,057 Posted November 5, 2020 Share Posted November 5, 2020 1 minute ago, @owlstalk said: What lessons have you learned? I have learnt every day since I have been here. I have been here almost six years. I know more enough to talk with the ones who say they are experts and have been in football for 15 to 20 years. That’ll be me 1 Link to post Share on other sites
4evaowl 660 Posted November 5, 2020 Share Posted November 5, 2020 When DC bought the club he would have known of this debt. It won't be unknown to him. It shows that we weren't debt free as a result of his purchase of SWFC. 1 Link to post Share on other sites
BRUCE LEE 5,291 Posted November 5, 2020 Share Posted November 5, 2020 6 minutes ago, @owlstalk said: I am not blaming the fans but it’s the facts. Fans fault? I AM SHOCKED TO THE CORE 4 Link to post Share on other sites
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